AOI Systems Market to Witness Comprehensive Growth by 2032

Posted 2023-07-16 10:06:19

The global AOI Systems market size was USD 786.5 million in 2022 and is expected to reach USD 4,372.87 million in 2032, and register a revenue CAGR of 21% during the forecast period. Rising consumer, automotive, and Medical Device demand is the major factor driving market revenue growth. Revenue growth of the market is expected to be driven by rising use of automation in production procedures and the ongoing trend of electronic device shrinking.

Revenue growth of the market for AOI systems is driven by intricacy and sophistication of electronic components used in consumer electronics, automobiles, and medical equipment. Use of AOI systems enables businesses to increase the quality and reliability of their products by identifying manufacturing process flaws early on, lowering scrap and rework, and increasing yield rates. AOI systems also assist businesses in lowering production costs by eliminating the need for manual inspection and enhancing the efficiency and speed of the inspection process.

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In addition, need for AOI systems in the electronics manufacturing sector is being driven by the rising need for high-quality and dependable electronic components. The demand for AOI systems is also being driven by the trend toward downsizing of electronic components since it becomes more challenging to find flaws in smaller components using human inspection techniques. The quality control and inspection of electronic components such sensors, control units, and displays is done in the car sector using AOI systems. AOI systems are used in the medical device sector to examine and validate the quality of the parts used in medical equipment such as pacemakers, Insulin-pumps-market">Insulin Pumps, and implantable devices.

Revenue growth of the market for AOI systems is driven by deployment of Industry 4.0 and the Internet of Things (IoT). Manufacturers are increasingly adopting machine learning and AI-based algorithms to analyze the data gathered by AOI devices, which helps to increase the inspection process's accuracy and speed. Revenue growth of the market for AOI systems is expected to be driven by integration of AOI systems with other industrial systems including Manufacturing Execution Systems (MES) and Enterprise Resource Planning (ERP) systems.

Competitive Landscape:

Nordson Corporation
Omron Corporation
Camtek Ltd.
AOI Systems
Viscom AG
Saki Corporation
Orbotech Ltd.
Daiichi Jitsugyo Co., Ltd.
Koh Young Technology Inc.
Test Research, Inc.
ViTrox Corporation Berhad

By Product Type Outlook

Inline AOI
Offline AOI

By End-use Outlook

Electronics
Automotive
Aerospace & Defense
Medical Devices
Others

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
Latin America (Brazil, Rest of LATAM)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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