The AOI system market was valued at USD 398.9 million in 2017 and is expected to reach USD 1,641.0 million by 2024, at a CAGR of 24.3% during 2018-2024.
Latest technological trends such as wireless connectivity and integration with Industry 4.0 are contributing to the growth of the AOI system market. For instance, in February 2018, Mirtec (South Korea), a leading manufacturer of AOI systems, partnered with Cogiscan (Canada), a leading provider of track, trace, and control (TTC) solutions for the electronics manufacturing industry. The partnership will enable Mirtec to use Cogiscan Co-NECT software for integrating its entire line of AOI systems with Industry 4.0 solutions.
The growth of the market is driven by the growing demand for consumer electronics, an increasing need for high-quality electronic components, and the demand for higher productivity by electronics manufacturing services (EMS) companies. However, the high cost of AOI system and a false call rate of image-based AOI systems are restraining the market growth. The requirement for constantly upgrading hardware and software systems to handle large data volumes and availability of superior substitute technology for inspection are the major challenges faced by the AOI system market players.
This report provides a detailed analysis of the AOI system value chain. Research and development, manufacturing and assembly, distribution, end user, and after-sales services are the prominent stages in the AOI system value chain. The maximum value is added during the manufacturing and assembly phase. APAC is expected to account for the largest share of 51.5% of the AOI system market by 2018. The market in this region was valued at USD 204.9 million in 2017 and is expected to reach USD 858.2 million by 2024, at a CAGR of 24.6% during the forecast period. The electronics industry in APAC has become the world-class innovation-driven hub for production on the back of the low-cost skilled labor, business-friendly environment, low production cost, and growing demand for electronic products in the region. The growth in the electronics industry has enabled the AOI system market to grow at a significant pace in this region.
The AOI system market in North America was valued at USD 114.8 million in 2017 and is expected to reach USD 503.7 million by 2024, at the highest CAGR of 25.5% from 2018 to 2024. North America is likely to present tremendous growth opportunities for the AOI system market players in coming years. The recent surge in domestic manufacturing in the US, highly developed economies, and the presence of a population with high disposable income posing high demand for consumer electronics make North America an attractive market for AOI systems.
The AOI system market is dominated by various players according to their core competencies. The key players in the 2D AOI system market are Saki (Japan), Vi Technology (US), Machine Vision Products (US), Nordson (US) and Goepel (Germany). Whereas, the key players in the 3D AOI system market are Koh Young (South Korea), Test Research, Inc. (Taiwan), Omron (Japan), Viscom (Germany), and Mirtec (South Korea).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities for AOI System Market Growth During 2018-2024 4.2 AOI System Market, By Type 4.3 AOI System Market, By Technology 4.4 AOI System Market, By Industry & Region 4.5 AOI System Market, By Geography
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 22.214.171.124 Growing Demand for Consumer Electronics 126.96.36.199 Increasing Need for High-Quality Electronic Components 188.8.131.52 Demand for Higher Productivity By Electronics Manufacturing Services (EMS) Companies 5.2.2 Restraints 184.108.40.206 High Cost of AOI Systems 220.127.116.11 False Call Rate of Image-Based AOI Systems 5.2.3 Opportunities 18.104.22.168 Newer Applications for AOI Systems Apart From PCB Inspection 22.214.171.124 Emergence of Smart Technology 5.2.4 Challenges 126.96.36.199 Requirement for Constantly Upgrading Hardware and Software Systems to Handle Large Data Volumes 188.8.131.52 Availability of Superior Substitute Technology for Inspection
6 Industry Trends 6.1 Introduction 6.1.1 Value Chain Analysis 6.2 Regulations and Standards in Electronic Manufacturing 6.2.1 Restriction of Hazardous Substance (ROHS) 6.2.2 Waste of Electronic and Electrical Equipment (WEEE) 6.2.3 European Conformity (CE) 6.2.4 Electronic Components Industry Association (ECIA)
7 Elements of the AOI System 7.1 Introduction 7.2 Elements of AOI System 7.2.1 Camera System 184.108.40.206 Monochrome Cameras 220.127.116.11 Color Cameras 7.2.2 Lighting System 18.104.22.168 Fluorescent Lighting 22.214.171.124 Led Lighting 126.96.36.199 UV (Ultraviolet) Or IR (Infrared) Lighting 7.2.3 Computer Systems 7.2.4 Software 7.3 Defect Detection Process 7.3.1 Image Comparison 188.8.131.52 Cad Image 184.108.40.206 Golden Board Image 220.127.116.11 Classification Process of an Image 7.3.2 Algorithm-Based Detection 7.4 Types of PCBs Used for Defect Detection 7.4.1 Single-Sided PCB 18.104.22.168 Applications of Single-Sided PCBs 7.4.2 Double-Sided PCB 22.214.171.124 Applications of Double-Sided PCBs 7.4.3 Multilayer PCB 126.96.36.199 Applications of Multilayer PCBs 7.4.4 High-Density Interconnect (HDI) Board 188.8.131.52 Applications of HDI Boards 7.4.5 Flexible PCB 184.108.40.206 Applications of Flexible PCBs 7.4.6 Rigid-Flexible PCB 220.127.116.11 Applications of Rigid Flexible PCBs 7.4.7 Ic Substrate 18.104.22.168 Applications of Ic Substrates
8 Automated Optical System Market, By Type 8.1 Introduction 8.2 2D AOI Systems 8.2.1 Advantages of 2D AOI Systems 8.2.2 Disadvantages of 2D AOI Systems 8.3 3D AOI Systems 8.3.1 Methodologies of 3D AOI Inspection 22.214.171.124 Laser Measurement 126.96.36.199 Multi-Frequency Moir Phase Shift Image Processing 8.3.2 Advantages of 3D AOI Systems 8.3.3 Disadvantages of 3D AOI Systems
9 Automated Optical Inspection System Market, By Technology 9.1 Introduction 9.2 Inline AOI 9.2.1 Screen Printing 9.2.2 Pick and Place 9.2.3 Reflow Soldering 9.2.4 Wave/Selective Soldering 9.3 Offline AOI
10 Automated Optical Inspection System Market, By Industry 10.1 Introduction 10.2 Consumer Electronics 10.2.1 Rising Demand for Smart Gadgets Driving the AOI System Market 10.3 Telecommunications 10.3.1 Emerging Wireless Communication Technologies Attributing the Growth of AOI System Market 10.4 Automotive 10.4.1 Automotive Electronics Fuelling the Demand for AOI Systems 10.5 Medical Devices 10.5.1 Increasing Automation in Healthcare Opening New Market Opportunities for AOI System 10.6 Aerospace & Defense 10.6.1 Need for High-Quality Electronic Components Makes AOI System A Necessity in Aerospace & Defense Industry 10.7 Industrial Electronics 10.7.1 Increasing Digitization of Industries to Help in AOI System Market Growth 10.8 Energy & Power 10.8.1 Modernization of Energy Infrastructure to Drive AOI System Demand
11 Geographic Analysis
12 Competitive Landscape 12.1 Overview 12.2 Market Ranking Analysis for AOI System Manufacturers 12.3 Competitive Leadership Mapping, 2017 12.4 Competitive Situations and Trends