Global 3D Automated Optical Inspection (AOI) Market by Types (Offline 3D AOI, and Inline 3D AOI), Applications (Automotive Electronics, Consumer Electronics, Industrial Electronics, and Aerospace & Defense), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Market Outlook:

The global 3D automated optical inspection (AOI) market was valued at USD 233.5 million in 2019 and is projected to reach USD 655.7 million by 2027, expanding at a CAGR of 14.6% during the forecast period. In terms of volume, the market is projected to expand at a CAGR of 12.9% during the forecast period. AOI is a technique of using optics to capture images of a Printed Circuit Boards (PCB) to find out the missing components, incorrect positions, defects, and to ensure the quality of the manufacturing process. 3D AOI systems are used for PCB production. 3D AOI technology provides more precision in analyzing the defects as compared to the 2D AOI technology.

Market Dynamics
Growing demand for surface mounted technology requirements and advanced PCBs in numerous devices and machines across sectors such as automotive and consumer electronics is anticipated to fuel the market during the forecast period. Technically-advanced electronic machines require professionally confirmed PCBs to meet the safety and manufacturing standards useful for their development. The 3D automated optical inspection system provides fault recognition at each stage of the PCB production process and offers application-specific testing. Additionally, increasing regulations and standardizations worldwide to manufacture safe and well-equipped machines for various industry-specific requirements is propelling the growth of 3D automated optical inspection (AOI) market. These machines are installed across the electronics and automotive industries to cater to the rising demand for reliable PCB-based components.

The emergence of novel technologies associated with the electronic devices, such as MP3 players, laptops, cell phones, and GPS navigation systems, is due to revolutionary developments such as the use of microelectronics and miniaturization of technology. As a result, the demand for AOI equipment in applications associated with portable consumer electronics is increasing and is anticipated to surge at a rapid pace. Growing demand for advanced electronics systems required in sport utility vehicles (SUVs) and luxury cars has significant fueled the demand for AOI equipment in the automotive sector.

Lack of awareness about automated inspection machines is anticipated to impede the market during the forecast period. Moreover, incidences of false call rates after installing 3D AOI systems is expected to hinder the demand for 3D AOI systems.

Segmental Outlook

On the basis of types, the 3D automated optical inspection (AOI) market has been bifurcated into offline 3D AOI and inline 3D AOI. The inline 3D AOI segment held a significant share of the market in 2019 and is expected to be the most attractive segment during the forecast period. The segment growth is attributed to the increasing applications of inline 3D AOI in the automotive electronics and consumer electronics. Inline systems can be located before and after the reflow process, depending on the needs of the manufacturer. Inline AOI systems need to have sufficient resources to manage hardware and data processing requirements and to prevent bottleneck in the manufacturing line; therefore, they are strategically placed in production processes.

Based on applications, the 3D automated optical inspection (AOI) market has been divided into automotive electronics, consumer electronics, industrial electronics, and aerospace & defense. The automotive electronics segment accounted for a considerable share of the market in 2019. Rising implementation of electronic systems in automobiles has significantly increased over the past few years. The addition of novel technologies in vehicles such as infotainment systems, electric vehicles, autonomous driving, automotive sensors, connected vehicles, and advanced navigation has significantly boosted the implementation of electronics in automobiles.

Regional Outlook

In terms of regions, the market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to expand at a considerable CAGR during the forecast period owing to the penetration of several electronic component & device manufacturing companies in South Korea, China, and Japan. Moreover, the presence of a large number of automobile producers in China has increased the consumption of 3D AOI machines. Furthermore, rising awareness regarding the development of technically advanced and reliable products to support export business initiatives in these countries is propelling the AOI system market in Asia Pacific.

Competitive Landscape

• Key players in the market include Omron, Test Research, Inc (TRI), Koh Young, CyberOptics Corporation, MirTec Ltd, and Viscom AG. These companies are considered as key manufacturers of 3D automated optical inspection (AOI) based on their revenue, regional presence, research & development (R&D) activities, and supply chain management system.
• These players are adopting key strategies such as acquisition, merger, and geographical expansion to strengthen their market position.
• In July 2019, Saki Corporation and Cogiscan Inc. completed the partnership to speed up the development of Smart Factory Solutions. Cogiscan Inc is a provider of the leading track, trace, and control (TTC) solutions for the electronics manufacturing industry.
• In April 2019, Omron and Voelker Controls Company (VCC) announced a new business partnership. According to this partnership, VCC will be an authorized distributor of Omron automation products for the Southern Ohio market in the U.S. Voelker Controls has its expertise in pneumatics, motion control, machine vision, robotics, and sensors.
• In November 2017, Mycronic completed the acquisition of Vi TECHNOLOGY. Mycronic is a global supplier of production equipment with high precision, high flexibility, and built on advanced software.

Key Benefits for Industry Participants & Stakeholders

• In-depth analysis of the global 3D automated optical inspection (AOI) market
• Historical, current and projected market size in terms of value and volume (Thousand Units)
• Potential & niche segments and regions exhibiting promising growth covered
• Industry drivers, restraints and opportunities covered in the study
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Neutral perspective on global 3D automated optical inspection (AOI) market performance