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Automated Optical Inspection System Market in Europe is Estimated to Grow Rapidly Over 2018 – 2024

Author : Ronak Bora | Published Date : 2019-06-11 

Europe automated optical inspection system market has grown rapidly in recent years due to the presence of several leading automotive manufacturers. The countries including Germany and Switzerland identify high demands for the automotive electronics products to be deployed in the luxury and passenger vehicles. These reasons coupled with the increasing consumer spending capability on automated and efficient products further add to the industry growth.

Rapid industrialization and increased demand for electronic components has propelled the automated optical inspection 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.

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

Consumer electronics segment is expected to grow substantially in the automated optical inspection system market over the coming years. The growth is attributed to high PCB requirements in the modern consumer electronic devices. The OEMs deploy these machines to inspect production line errors and eliminate them before the final assembly that results in increasing the manufacturing efficiency. Additionally, the automotive sector will also gain popularity due to the implementation of SMT in all major automotive electronics and related systems. To offer defect-free and high-quality automobile parts, component suppliers in the automotive industry deploy automated machines, generating the AOI system market demand.

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In the automated optical inspection system market, automation applications are predicted to grow steadily owing to the growing awareness and need for automated technologies across all industry verticals. AOI systems offer high speed and efficiency over the manual inspection methods in PCB manufacturing. Companies are deploying these machines to automate their production and assembly processes and eliminate human intervention. Moreover, the increasing number of manufacturing errors due to inefficient human inspection accounts for the consumption of these systems, contributing to the automated optical inspection system market growth.

The key companies operational in the automated optical inspection system market comprise Nordson Corporation, Cyberoptics Corporation, Orbotech, Kurtz Ersa, Koh Young Technology, Viscom AG, Mirtec, Saki Corporation, Omron Corporation, Machine Vision Products, Inc., ASC International, and MEK Marantz Electronics Ltd. AOI system market players focus on developing long-term relationships with the automotive and electronics OEMs.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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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