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North America Automated Optical Inspection (AOI) System Market is Growing At A Fastest Rate to Reach a Revenue Share of Around 30% by 2024

Author : Ronak Bora | Published Date : 2019-05-21 

The North American automated optical inspection (AOI) system market is rapidly growing to reach a revenue share of around 30% by 2024, due to the high demand for developed automotive products. The U.S. AOI systems market is witnessing high penetration of several PCB and consumer electronics manufacturers. The increasing concerns for developing high quality and safe electronic components further add to the usage of the inspection machines. The demand is attributed to features of advanced systems such as three-dimensional images, quick fault detection, and analysis of the PCB production lines. Moreover, the growing demand for technically-advanced products in the U.S. due to the presence of awareness among the population accounts for the automated optical inspection (AOI) system market growth.

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Rapid industrialization and increased demand for electronic components has propelled the automated optical inspection (AOI) system market expansion, with rise in consumption of automotive and consumer electronics. AOI systems have gained immense momentum for fast and accurate inspection of electronics assembly lines to facilitate the production of only the highest quality PCBs and surface-mount devices.

Constant innovations in smartphone technologies and automotive electronics has reinforced the need for lowering time and cost of production, necessitating the involvement of the AOI system industry. Estimated to have recorded earnings of more than US$500 million in 2017, the global automated optical inspection (AOI) system market will experience an accelerated growth rate from augmented industrial automation.

Speaking further on the significance of the automated optical inspection (AOI) system market, electronic components are becoming smaller in size, making it difficult to perform accurate and fast checks manually. PCBs for different applications require hundreds of parts to be soldiered or mounted on them in a short period of time, needing AOI systems to inspect each and every part, either in pre-manufacturing stages or post-production. Many global industries are adopting fully-automated manufacturing processes for not only PCB production but also cars and consumer electronics. Subsequently, the AOI system industry will witness robust demand over the coming years.

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Reflow soldering valued at nearly USD 110 million in 2017 in the automated optical inspection (AOI) system market is witnessing high demand from the SMT manufacturers, which is attributed to the detection of pre-reflow and post-reflow techniques.  This includes the inspection of solder paste and joints in the PCBs and ensures fault detection at every stage. The systems ensure appropriate assembly of SMT with the help of AOI-based reflow soldering. Automotive components require miniaturized and high-quality PCBs with defect-free assemblies. As a result, the reflow soldering applications deploy these systems at pre-reflow and post-reflow stages to ensure high security of the PCB production lines thereby driving AOI system market.

As more companies look towards AOI for ensuring a fast, reliable and cost-efficient quality control in manufacturing and process automation, the automated optical inspection (AOI) system market is anticipated to register a 12% CAGR between 2018 and 2024. Viscom AG, Cyberoptics Corporation, AOI Systems, Nordson, ASC International, Omron Corporation and Kurtz Ersa, are some key players outlining the AOI industry dynamics. Compliance with evolving engineering standards and demand for higher quality of products will drive innovations in AOI technology.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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