Automatic Optical Inspection Market: 65% of Growth to Originate from APAC | By Type (2D AOI systems and 3D AOI systems) and Geography- Global Forecast to 2024

• Total Pages: 120
• Companies: 10+ – Including GÖPEL electronic GmbH, Koh Young Technology Inc., Mek Europe BV, Mirtec Co. Ltd., Mycronic AB, Nordson Corp., OMRON Corp., Saki Corp., Test Research Inc., and Viscom AG among others
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
• Segments: Type (2D AOI systems and 3D AOI systems)
• Geographies: APAC (China, Japan, and Taiwan), North America, Europe, South America, and MEA

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Vendor Insights-

The automatic optical inspection market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

• GÖPEL electronic GmbH- The company offers AOI systems for the inspection of THT components, THT solder joints, and wave-soldered SMD components in one system.

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Regional Market Outlook

65% of the market's growth will originate from APAC during the forecast period. China, Japan, and Taiwan are the key markets for automatic optical inspection in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The strong set up of electronics production and the presence of electronic manufacturing services will facilitate the automatic optical inspection market growth in APAC over the forecast period. 

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Latest Drivers & Trends of the Market-

• Automatic Optical Inspection Market Driver:
• Rising electronics production across the world:
  
  The global demand for electronic products has increased the manufacturing activities of electronics manufacturers. The increased need for high-speed processing of huge volumes of data due to advances in the IoT has fueled the demand for advanced electronic equipment. In addition, the shift toward autonomous vehicles and electric vehicles is contributing significantly to the rising percentage of electronics content in automobiles. Emerging economies, such as India, are witnessing a tremendous rise in smartphone penetration due to low Internet charges. The growing demand for smartphones is also contributing to a rise in electronics production. The growing use of connected devices, such as smartphones and smart homes, has created the need to process and save data instantaneously in large volumes. AOI systems will play a crucial role in the manufacturing of such high-functionality electronic equipment during the forecast period.

• Automatic Optical Inspection Market Trend:
• Combining 2D and 3D AOI technologies to enhance inspection coverage:
  
  The need for AOI systems is increasing because of several technological advances, such as the use of small components, advanced component packaging, finer lead pitches, and higher PCB densities. One of the major trends witnessed in the market in focus is the combination of 2D AOI systems and 3D AOI systems. Combing these two AOI methods will result in a thorough inspection coverage. Additionally, the combination of 2D AOI systems and 3D AOI systems on a single platform achieves the highest level of quality assurance. This combination can easily overcome the challenges faced by each method, which makes this combination highly effective for the customers looking for precise defect identification. Electronics manufacturers are increasing their interest in the combination of 2D and 3D AOI systems. Technavio expects the demand for such combined AOI systems to increase during the forecast period as PCBs are becoming more compact and denser with components.

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Table of Contents

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Value chain analysis
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY TYPE

• Market segmentation by type
• Comparison by type
• 2D AOI systems - Market size and forecast 2019-2024
• 3D AOI systems - Market size and forecast 2019-2024
• Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Combining 2D and 3D AOI technologies to enhance inspection coverage
• Advances in PCB manufacturing process
• Advent of collaborative robots for assembly and testing

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• GÖPEL electronic GmbH
• Koh Young Technology Inc.
• Mek Europe BV
• Mirtec Co. Ltd.
• Mycronic AB
• Nordson Corp.
• OMRON Corp.
• Saki Corp.
• Test Research Inc.
• Viscom AG

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Website: www.technavio.com/

SOURCE Technavio