Automated Optical Inspection System Market worth $1,641 million by 2024 - PowerPoint PPT Presentation

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Automated Optical Inspection System Market worth $1,641 million by 2024

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automated optical inspection (AOI) system market is estimated to be worth USD 444 million in 2018 and is expected to reach USD 1,641 million by 2024, at a CAGR of 24.3% during 2018–2024. The major factors fueling the growth of the AOI system market include growing demand for consumer electronics, increasing need for high-quality electronic components, and demand for higher productivity by electronics manufacturing services (EMS) companies. – PowerPoint PPT presentation

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Title: Automated Optical Inspection System Market worth $1,641 million by 2024


1
MarketsandMarkets Presents

Automated Optical Inspection System Market worth
1,641 million by 2024 Automated Optical
Inspection System Market by Type (2D AOI Systems,
3D AOI Systems), Technology (Inline AOI, Offline
AOI), Industry (Consumer Electronics,
Telecommunications, Automotive, Medical Devices),
and Region Global Forecast to 2024
https//www.marketsandmarkets.com/Market-Reports
/automated-optical-inspection-system-market-179056
156.html
2
The report "Automated Optical Inspection System
Market by Type (2D AOI Systems, 3D AOI Systems),
Technology (Inline AOI, Offline AOI), Industry
(Consumer Electronics, Telecommunications,
Automotive, Medical Devices), and Region Global
Forecast to 2024" The automated optical
inspection (AOI) system market is estimated to be
worth USD 444 million in 2018 and is expected to
reach USD 1,641 million by 2024, at a CAGR of
24.3 during 20182024. The major factors
fueling the growth of the AOI system market
include growing demand for consumer electronics,
increasing need for high-quality electronic
components, and demand for higher productivity by
electronics manufacturing services (EMS)
companies. Browse 64 Browse 36 market data
Tables and 62 Figures spread through 164 Pages
and in-depth TOC on Automated Optical Inspection
System Market Global Forecast to 2024
3
2D AOI systems to lead the market by 2018 2D AOI
is the most widely used inspection technology by
the EMS providers. The current most advanced 2D
AOI systems are equipped with multiple
ultrahigh-resolution cameras with 1015 MP
resolution, high-precision telecentric lenses,
and multi-tiered lighting technology for proper
illumination. These systems offer faster
inspection times owing to their flexibility in
the inspection process. Moreover, some defects,
such as polarity of ICs and optical character
recognition, can only be detected by 2D AOI
systems, which makes it an ideal choice for
electronic component manufacturers. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id179056156 Rising demand for
highly sophisticated and miniaturized smart
gadgets drives the demand for AOI systems The
increasing demand for small and more
sophisticated electronic gadgets has driven the
consumer electronics manufacturing companies to
implement newer technologies into their devices.
Several such new technologies include smaller
passive components, powerful and power-efficient
ICs, and sensors. The increasing preference for
having one device with multiple functionalities
has made the architecture of the modern day
electronic devices, such as smartphones, laptops,
and wearable devices, more complex. The increased
complexity of these devices raises the demand for
highly advanced AOI systems for inspection.
4
APAC to be largest market for AOI systems during
forecast period Countries in APAC such as China,
South Korea, and Japan command a majority of
electronic components manufacturing. China
contributes to nearly half of the global
electronic production and is one of the largest
exporters of electronic products in the world.
Favorable government policies and low production
costs create tremendous growth opportunities for
multinational and start-up electronics companies
in China. Under the Made in China 2025 campaign,
the Chinese government aims to strengthen its
domestic manufacturing capabilities. Request
Free Sample Pages https//www.marketsandmarkets.c
om/requestsampleNew.asp?id179056156 Major
players involved in the AOI system market include
Koh Young (South Korea), Test Research, Inc.
(Taiwan), Omron (Japan), Mirtec (South Korea),
Viscom (Germany), Camtek (Israel), CyberOptics
(US), Daiichi Jitsugyo (Japan), Nordson (US),
Orbotech (Israel), GOEPEL Electronic (Germany),
Marantz Electronics (Netherlands), Machine Vision
Products (US), Saki (Japan), and Vi Technology
(France).
5
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6
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