Automated Optical Inspection System Market size worth $ 3945.37 Million, Globally, by 2030 at 19.21% CAGR: Verified Market Research®
The rapidly flourishing consumer electronics industry along with growing consumer inclination towards the adoption of smartphones is anticipated to drive the Automated Optical Inspection System Market demand over the forecast period.
JERSEY CITY, N.J., May 25, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Automated Optical Inspection System Market" By Type (2D AOI Systems, 3D AOI Systems), By Technology (Inline AOI, Offline AOI), By Application (Automotive, Consumer Electronics), and By Geography. According to Verified Market Research, Automated Optical Inspection System Market size was valued at USD 818.31 Million in 2021 and is projected to reach USD 3945.37 Million by 2030, growing at a CAGR of 19.21% from 2022 to 2030.
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Global Automated Optical Inspection System Market Overview
The rapidly flourishing electronics industry has augmented the demand for PCBs worldwide, this, in turn, is driving the consumption of AOI systems, thereby contributing to its market demand. According to MKTPCB, a professional PCB solution supplier from Shenzhen, China, the PCB market is anticipated to grow at a CAGR of 3.3% by 2026. The augmented use of PCBs in connected automobiles has been driving the OCB industry growth over the years. These vehicles are fully connected to wired and wireless devices, enabling effective communication with other devices including smartphones. The autonomous technology allows drivers to unlock cars, evaluate the status of their batteries, ignite climate regulation systems remotely and monitor their vehicles from any place using smartphones.
Furthermore, increasing demand for consumer electronics such as smartphones has further contributed to the PCB industry's growth. In the coming years, three-dimensional electronic products are anticipated to transform the development process of electrical systems. They will aid in designing three-dimensional PCBs by creating layer stacked substrate material, further incorporated by a functional ink on top. The rise of SMART technology is anticipated to present rewarding growth opportunities for the Automated Optical Inspection System Market over the forecast period.
The major players in the market are CyberOptics, Daiichi Jitsugyo Asia Pte. Ltd., GOPEL electronic GmbH, KOH YOUNG TECHNOLOGY Inc., MIRTEC CO., LTD, Nordson Corporation, OMRON Corporation, Saki Corporation,Test Research, Inc. and Viscom AG.).
Verified Market Research has segmented the Global Automated Optical Inspection System Market On the basis of Type, Technology, Application, and Geography.
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