Automated Optical Inspection System Market to See CAGR of 17.1% between 2016 and 2022.
September 8, 2016 | PRNewswireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Automated Optical Inspection System Market by Type (2D AOI Systems, 3D AOI Systems), Technology, Element, Application (Consumer Electronics, Telecommunication, Automotive, Medical Devices), and Geography - Global Forecast to 2022" report to their offering.
The automated optical inspection (AOI) system market is expected to reach USD 1,008.8 Million by 2022, at a CAGR of 17.1% between 2016 and 2022.
The key driving factors for the growth of the Automated Optical Inspection (AOI) systems market are rising demand for high-quality electronic components, growing industry trends for smart manufacturing, and high demand for electronic products.
2D AOI systems expected to account for a major share in 2016 of the overall AOI system market. The 2D AOI system is cost-effective and flexible inspection technology. Additionally, the ease of programming and technological advancements has enabled 2D AOI systems to become widespread in the market.
The consumer electronics application expected to account for the largest market share of the overall AOI system market in 2016. The major factors driving the market are the increasing complexity of consumer electronic devices with highly sophisticated electronic components. The small size of these components and the reduction in the size of PCBs need the efficient inspection, which has given a boost to the highly efficient AOI system market.
High demand for electronics equipment from industries such as consumer electronics, medical devices, aerospace & defense, and automotive is the main driving force behind the growth of North America. The advancements in PCB technologies need faster inspection of miniature components which is expected to drive the growth of the AOI system market in North America.
Suggested Items
Real Time with… IPC APEX EXPO 2024: Magnalytix's Services and Trends in the Electronics Industry
05/10/2024 | Real Time with...IPC APEX EXPOMike Bixenman, president of Magnalytix, explains Magnalytix's services, including third-party validation, test boards, electrical testing, and comprehensive reports. He also discusses emerging trends such as power electronics and reliability. Standards and design improvements also form part of this conversation.
Podcast Review: On the Line with… Designing for Reality
05/09/2024 | Duane Benson, Positive Edge LLCAs a technologist, if I were forced to come up with just one recurring theme that I might call a professional “nemesis,” it would be the difference between theory and reality. A lot of technology we have at our disposal works well in theory but falls short when reality hits. That’s not the only reason I chose to listen to and review On the Line with… Designing for Reality, featuring a series of conversations with ASC Sunstone’s Matt Stevenson, but it certainly helped that the title caught my eye.
AIM Solder Signs Shinil Fl Ltd. as New Distributor for Korea
05/08/2024 | AIM SolderAIM Solder, a leading global manufacturer of solder assembly materials for the electronics industry, is pleased to announce a new distribution partnership with Shinil Fl Ltd., a prominent supplier of technological solutions in the SMT and semiconductor sectors.
KYZEN’s Adam Klett to Keynote at SMTA Electronics in Harsh Environments Conference
05/07/2024 | KYZEN'KYZEN, the global leader in innovative environmentally friendly cleaning chemistries, announced today that KYZEN’s Director of Science, Adam Klett, PhD will present as a keynote speaker at the SMTA Electronics in Harsh Environments Conference. The event is scheduled to take place May 14-16, 2024 at the Technical University of Denmark in Copenhagen, Denmark.
Altus Equips SSTL with Advanced Cleaning Technology for Electronics
05/07/2024 | Altus GroupAltus Group, a leading supplier of capital equipment for the electronics manufacturing industry, has announced the successful installation of an advanced PCBA cleaning system at Surrey Satellite Technology Limited (SSTL).