Meticulous Research®, a renowned global market research firm, has unveiled a new 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’.
The report by Meticulous Research® indicates that the automated optical inspection systems market is expected to reach $3.4 billion by 2031, with a CAGR of 19.5% from 2024 to 2031.
The market's growth is fueled by the demand for high-quality, defect-free products and the rising adoption of 3D AOI solutions. However, the market faces challenges such as the false call rate of image-based AOI systems and the need for highly skilled personnel. The integration of AI and machine learning for defect detection is an emerging trend.
The market segmentation includes offering (software, hardware, services), type (2D AOI, 3D AOI), deployment (in-line AOI, off-line AOI), end-use industry (electronics & semiconductors, aerospace & defense, healthcare, pharmaceutical, consumer goods, food & beverage, IT & telecommunications, automotive, energy & power, and others), and geography. The report also provides a competitive analysis and evaluates the market at the regional and country levels.
In the offering segment, the market consists of software, hardware, and services. In 2024, the hardware segment is anticipated to dominate, with a market share above 60.0%, due to its high accuracy in defect detection and faster inspection rates compared to manual methods. The services segment is projected to achieve the highest CAGR, driven by the demand for custom AOI systems and detailed inspection records.
For type, the market is split into 2D AOI and 3D AOI systems. The 2D AOI segment is expected to hold the largest share in 2024, above 55.0%, due to its advanced image processing capabilities. However, the 3D AOI segment is anticipated to experience the highest growth rate, attributed to its ability to reduce false call rates and provide volumetric inspection data.
In terms of deployment, the market is categorized into in-line and off-line AOI. The in-line AOI segment is projected to dominate in 2024, with a share above 63.0%, due to its real-time defect detection capabilities. This segment is also expected to grow at the highest CAGR.
By end-use industry, the market includes electronics & semiconductors, aerospace & defense, healthcare, pharmaceutical, consumer goods, food & beverage, IT & telecommunications, automotive, energy & power, and others. The electronics & semiconductors segment is expected to hold the largest market share in 2024, over 18.0%, driven by the efficiency of AOI systems in high-volume production. The healthcare segment is projected to grow at the highest CAGR, driven by the need for defect detection and regulatory compliance in healthcare products.
Geographically, the Asia-Pacific region is expected to lead the market in 2024, with a share above 45.0%, due to the high demand for precise manufacturing and the presence of many electronics and semiconductor plants. This region is also expected to register the highest CAGR, above 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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