Meticulous Research®, a leading global research firm, has released its latest report titled ‘Automated Optical Inspection Systems Market by Offering (Software, Hardware), Type (2D AOI, 3D AOI), Deployment (In-line AOI, Off-line AOI), End-use Industry (Electronics & Semiconductors, Healthcare), and Geography - Global Forecast to 2031’.
According to the report, the automated optical inspection systems market is projected to reach $3.4 billion by 2031, growing at a CAGR of 19.5% from 2024 to 2031.
The market's growth is fueled by the demand for high-quality products with minimal defects and an increase in the adoption of 3D AOI systems. Challenges such as false call rates and the need for skilled personnel could impact growth, but opportunities arise with the increasing use of AOI systems for IC substrate inspection. Trends such as AI and ML integration for better defect detection are influencing the market.
The report segments the market by offering—software, hardware, and services (including system installation support, maintenance, and design and manufacturing)—by type—2D AOI and 3D AOI systems—by deployment—in-line AOI and off-line AOI—and by end-use industry—electronics and semiconductors, aerospace and defense, healthcare, pharmaceutical, consumer goods, food and beverage, IT and telecommunications, automotive, energy and power, and other sectors. It also provides analyses at regional and country levels.
In 2024, the hardware segment is expected to dominate with more than 60.0% of the market share due to its accuracy and efficiency. The services segment is forecasted to experience the highest growth rate, driven by increased demand for customized and compliant services.
For type, 2D AOI systems are expected to capture a major share exceeding 55.0% in 2024 due to their advanced imaging technology. The 3D AOI systems segment is projected to grow the fastest, benefiting from their advanced defect detection and height measurement capabilities.
By deployment, in-line AOI is anticipated to hold over 63.0% of the market share in 2024, attributed to its ability to detect defects in real-time. This segment is also expected to show the highest growth rate.
In terms of end-use industries, electronics and semiconductors are anticipated to lead with over 18.0% of the market share in 2024, while the healthcare sector is expected to grow at the highest rate due to regulatory demands and the need for reliable inspection results.
Asia-Pacific is projected to capture more than 45.0% of the market share in 2024, driven by demand for precision and defect-free products and a strong manufacturing base. This region is also expected to have the highest CAGR of over 21.0% during the forecast period.
Key Players
The key players operating in the automated optical inspection systems market are Nordson Corporation (U.S.), OMRON Corporation (Japan), DAIICHI JITSUGYO ASIA PTE. LTD. (A Subsidiary of DAIICHI JITSUGYO CO., LTD.) (Singapore), GÖPEL electronic GmbH (Germany), Koh Young Technology Inc. (South Korea), Pemtron Co., Ltd. (South Korea), Camtek Ltd. (Israel), Mycronic AB (Sweden), KLA Corporation (U.S.), Machine Vision Products, Inc. (U.S.), Saki Corporation (Japan), Test Research, Inc. (Taiwan), Viscom SE (Germany), Mirtec Co., LTD (South Korea), and Mek Europe BV (Netherlands).
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Key Questions Answered in the Report:
- Which are the high-growth market segments in terms of offering, type, deployment, and end-use industry?
- What is the historical market size for the automated optical inspection systems market?
- What are the market forecasts and estimates for 2024–2031?
- What are the major drivers, restraints, opportunities, challenges, and trends in the automated optical inspection systems market?
- Who are the major players in the automated optical inspection systems market, and what are their market shares?
- What is the competitive landscape like?
- What are the recent developments in the automated optical inspection systems market?
- What are the different strategies adopted by major market players?
- What are the trends and high-growth countries?
- Who are the local emerging players in the automated optical inspection systems market, and how do they compete with other players?
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