Automated Optical Inspection System Market - Size, Share, Industry Trends, and Forecasts (2024 - 2031)

By Component:

Based on the component, the market is segmented into hardware, software, and service.

Trends in the component:

• The Industry 4.0 trend in various industries is propelling the need for quality assurance driving the need for inspection systems.
• The adoption of machine vision inspection technology for high-speed image verification with the help of software is fueling the market development.

The Hardware component accounted for the largest revenue share of 54.26% in the year 2023.

• The primary role of the inspection system is to detect faults and defects in manufactured products and assure quality control requirements as per industry standards.
• Additionally, the systems are utilized in printed circuit boards and other industrial applications that require high-speed cameras and specialty lighting solutions for fast and reliable inspection.
• Further, the rising industry standards regarding the quality control and inspection process are driving the automated optical inspection system market demand.
• For instance, in January 2022, BEST Inc. announced the installation of an SPI/AOI inspection machine to provide inspection coverage of the entire electronics assembly. Additionally, the system provides for the fast, reliable, and repeatable inspection of assembled printed circuit boards.
• Thus, as per the analysis, the rising industry standards and ability to detect faults and defects in manufactured products are driving the automated optical inspection system market share.

The Service component is anticipated to register the fastest CAGR growth during the forecast period.

• The increasing adoption of inspection systems is propelling the need for service components to adhere to the specific requirements of end users.
• The system requires regular maintenance and repair in case of failures such as false detection and other fueling the development of the service component of the market.
• In February 2024, Saki Corporation announced the supply of inline optical inspection systems to Smart Modular Technologies. Additionally, Saki Corporation has provided flexibility in the maintenance and upgradation of the system as well as features effective customer service.
• Therefore, the need for regular maintenance and repair as well as the increasing adoption of automated optical inspection systems are anticipated to boost the growth of the market during the forecast period.

By Type:

Based on the type, the market is bifurcated into Inline and Standalone.

Trends in the type:

• The rising demand for standalone AOI systems in small and medium-size enterprises with low production capability is driving the standalone automated optical inspection system market trend.
• The trend toward automatic inspection of PCB boards is driving the need for inline AOI systems.

The Inline type accounted for the largest revenue share in the year 2023 and is anticipated to register the fastest CAGR during the forecast period.

• The rising need for quality inspection and control over the whole production process in various industries is driving the growth of an inline type of market.
• Further, the ability to take immediate corrective actions without taking immediate corrective actions is propelling the automated optical inspection system market expansion.
• For instance, in June 2023, Mek (Marantz Electronics) launched Mek VeriSpector Inline which is an inline THT AOI system. The system is designed for inspecting THT components and enhances inspection efficiency and accuracy throughout the inspection process.
• Thus, the ability to take immediate corrective actions and the rising need for quality inspection and control is driving the automated optical inspection system market share.

By Inspection Process:

Based on the Inspection Process, the market is bifurcated into 2D AOI Systems and 3D AOI Systems.

Trends in the Inspection Process:

• The need for cost-effective and efficient automated optical inspection systems is driving the 2D AOI systems.
• The trend toward the rising need for better depth perception and accuracy in various defect inspection applications is fueling the 3D AOI system.

The 3D AOI system accounted for the largest revenue share in the year 2023 and is anticipated to register the fastest CAGR during the forecast period.

• The 3D AOI system is the most advanced AOI technology which utilizes either laser triangulation or structured light projection for detailed reports of inspected items.
• The system offers a range of benefits including improved defect detection, enhanced accuracy in inspection, more robustness, and versatility among others.
• Additionally, the systems are utilized in defect detection in solder joints and other industrial applications that require 3D AOI systems for improving inspection capabilities.
• For instance, in March 2023, Viscom AG launched iS6059 PCB Inspection Plus. The 3D AOI system features faster sensor technology, data processing, and analysis functions in X-ray inspection applications.
• Thus, the aforementioned benefits and wide range of applications are driving the 3D AOI system.

By End-User:

Based on the end-user, the market is segmented into electronics, semiconductor manufacturing, automotive, pharmaceuticals, aerospace & defense, energy & power, and others.

Trends in the End-User:

• The stringent quality requirements in pharmaceutical industries are propelling market development.
• The quality assurance of satellite and spacecraft parts is fueling the market evolution.

Semiconductor Manufacturing accounted for the largest revenue share in the year 2023.

• The primary factor driving the inspection system is the rising need for PCB boards, semiconductors, and other electronic components.
• Further, the AOI has the ability to catch flaws in components and assemblies before they become costly issues. Furthermore, the integration of AI into the system is fueling the market evolution.
• For instance, in December 2023, Hitachi High-Tech Corporation launched DI4600, which is a Dark Field Wafer Defect Inspection System. The system is ideal for semiconductor production lines of patterned wafers.
• Thus, as per the analysis, the aforementioned factors and the need for fault detection and inspection processes are driving the automated optical inspection system market.

Automotive Industry is anticipated to register the fastest CAGR during the forecast period.

• The primary factors driving the need for inspection systems are the rise of connected vehicles, innovation in anti-braking systems (ABS) advanced driver-assistance systems (ADAS), and others.
• Further, the aforementioned factors are propelling the need for various micro and macro electronic components which have to go through the detection and inspection process in turn propelling the need for an automated optical inspection system industry.
• For instance, in October 2023, UVeye partnered with Amazon for the deployment of an AVI (Automated Vehicle Inspection) system. The AVI features an AI-powered system for the daily inspection process, detects automotive issues, and improves fleet maintenance among others.
• Therefore, according to the automated optical inspection system market analysis, the aforementioned factors and the need for fault detection and inspection processes are anticipated to boost the progress of the market during the forecast period.