2D & 3D Automated Optical Inspection System Market Worth 1,008.8 Million USD by 2022

According to the new market research report "Automated Optical Inspection System Market by Type (2D AOI Systems, 3D AOI Systems), Technology, Element, Application (Consumer Electronics, Telecommunication, Automotive, Medical Devices), and Geography - Global Forecast to 2022", the AOI system market is expected to reach USD 1,008.8 Million by 2022, at a CAGR of 17.1% between 2016 and 2022.

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The factors that are driving the growth of market include rising demand for high-quality electronic components, increased complexity of PCBs, increasing demand for consumer electronics, and proliferation of electronics in the automotive industry.

The objective of the report is to provide a detailed analysis of the Automated Optical Inspection System Market based on type, technology, application, and geography. Consumer electronics is expected to hold a large share of the AOI system market. The market for the automotive industry is expected to grow at a high CAGR between 2016 and 2022.

Key Highlights:

“3D systems to be the fastest-growing market in the overall AOI system market during the forecast period“

“The automotive application expected to grow at the highest rate between 2016 and 2022”

“APAC expected to dominate the AOI system market between 2016 and 2022”

Countries such as China, Japan, and Taiwan are majorly driving the growth of AOI system market in Asia-Pacific. These countries have a considerable market size and scope for the development of the AOI system. The economies of these countries are majorly dominated by the electronics industry. Further, the availability of cost-effective manufacturing infrastructure, cheap skilled labor, and favorable government initiatives have helped the AOI system market to hold a major share in the APAC region.

The AOI system ecosystem comprises component providers, OEMs, system integrators, software providers, and distributors. The players involved in the development of AOI systems include Omron Corporation (Japan), Orbotech Ltd. (Israel), Nordson Corporation (U.S.), Koh Young Technology Inc. (South Korea), and Viscom AG (Germany) among others as well as associations such as Institute of Electrical and Electronics Engineers (IEEE), Surface Mount Technology Association (SMTA), and Japan Inspection Instruments Manufacturers Association (JIMA).

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