Automated Optical Inspection (AOI) System Market Size

Automated Optical Inspection System Market Size

Automated Optical Inspection System Market size was valued at over USD 500 million in 2017 and is expected to grow at a CAGR of more than 12% from 2018 to 2024.

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The rising demand for advanced PCBs and surface mounted technology requirements in several machines & devices, such as consumer electronics and vehicles, are poised to drive the market growth during the forecast period. Technically advanced electronic machines require efficiently tested PCBs to meet the manufacturing and safety standards applied for their development. The market offers application-specific testing and fault detection at every stage of the PCB production process. Moreover, increasing standardizations and regulations across the globe to develop safe and well-equipped machines for various industry-specific requirements are fueling the market expansion. The machines are increasingly deployed across the automotive and electronics industry to cater to the growing demand for reliable PCB-based components.

A rise in the trend of automation in manufacturing electronic components, such as circuit boards and sensors, is contributing toward the market progression. Manufacturers are developing several PCB inspections machines that incorporate 3D inline features that offer efficient inspection as compared to the 2D options. Additionally, the increasing defects and more time consumed in manual PCB detection techniques account for the rising adoption of the market. The technical advancements, such as the use of high-resolution cameras and imaging systems, in modern inspection systems offer better fault detection results over the conventional human involved techniques.

A major factor hampering the automated optical inspection system market demand is unawareness about the automated inspection machines. The presence of false call rates after deploying AOI systems is another reason hindering their demand. Maximum false call rates affect the coverage of component detection area and further hamper the production line efficiency. All AOI systems have a pre-defined number of call rates and detection area capacity. However, an increased number of call rates hinders the machine performance by providing inappropriate inspection data. These issues can be overcome by developing efficient AOI machines and incorporation technologies, such as computer-aided design and computer-aided manufacturing, to avoid the occurrence of false call rates.

The stakeholders of the market ecosystem experienced several challenges due to the COVID-19 pandemic. The temporary suspension of manufacturing facilities of several electronic component manufacturers in China disrupted production, shipments, and supply chain to unprecedented levels. This resulted into a delay in delivery of raw materials and critical components to AOI system integrators, during the first six months of 2020. The rapid spread of the pandemic coupled with increasing financial insecurities led end-users to postpone the acceptance of advanced technologies such as automated optical inspection. The gradual revival of the electronics industry with stable economic conditions is set to support the AOI market post the COVID-19 pandemic.