Automated Optical Inspection Market

Automated Optical Inspection Market with COVID-19 Impact Analysis by Type (2D AOI, 3D AOI), Technology (Inline AOI, Offline AOI), Industry, Application (Fabrication Phase, Assembly Phase), Elements of AOI, and Region - Global Forecast to 2026

Report Code: SE 4527 Sep, 2021, by marketsandmarkets.com

[230 Pages Report] The automated optical inspection market was valued at USD 598 million in 2020 and is projected to reach USD 1,660 million by 2026. It is expected to grow at a CAGR of 20.8% during the forecast period. Advantages of AOI over other inspection methods, upsurge in the demand for consumer electronics amidst pandemic, rising need for miniature, high-speed PCBs, demand for higher productivity by electronics manufacturing services (EMS) companies, and growing demand for electronics in automotive sector are contributing to the growth of the automated optical inspection market. Advent of SMART technology, newer applications of AOI systems apart from PCB inspection, and growing demand for AOI systems for inspection of IC substrates act as a growth opportunity for the market players.

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Automated optical inspection (AOI) is an automated visual inspection methodology used primarily to test for defects in printed circuit boards (PCBs). These systems are used to test and evaluate PCBs for potential detection of defects such as soldering defects, component defects, ball grid array (BGA), surface defects, dimensional defects, component placement defects, and chip-scale packaging (CSP) defects. With the advent of miniature electronics and advancements in PCBs, the circuits become more complex, which makes it almost impossible to manually inspect the boards, and thus, AOI plays an important role in checking these boards. It helps attain the desired product quality in the production line by keeping the cost as low as possible. The system is superior and less time-consuming than manual inspection.

The AOI market has historically been subjected to significant growth due to the rise in demand for AOI systems in consumer electronics, automotive, and industrial electronics sectors. However, the outbreak and spread of the COVID-19 pandemic have resulted in a decline in this growth rate.

In the prevailing COVID-19 situation, the growth of the AOI market is expected to decline as the pandemic is restricting the supply and adoption of hardware components, such as sensors, in a number of applications. This is due to the severe disruptions in businesses and the global economy. However, not all semiconductor companies are witnessing a decline in growth as remote working and work from home activities have allowed companies to continue working during lockdowns as well.

In the current COVID-19 crisis, some companies are facing short-term operational issues due to limited availability of workforce because of social distancing protocols by governments. A number of companies, with their financial year ending in March 2020, were adversely affected due to COVID-19.

Market Dynamics:

Driver: Upsurge in demand for consumer electronics amidst pandemics

With the COVID-19 pandemic, the world had mostly shifted to working and learning remotely in 2020. This change had consumers scrambling to get their hands on phones, computers, monitors, microphones, keyboards, mice, cameras, and even gadgets such as smart coffee makers and digital foot massagers, which will enable them to work anywhere they want and do so comfortably.

With lockdowns in a majority of countries around the world in 2019 and 2020, the only option adopted by people after a long day of working and learning from home was relaxing and playing. Manufacturers are keen for consumers to spend their hard-earned money on flashy toys and watch, listen, or play indoors. TV, speakers sets, personal audio, gaming PCs and peripherals, and consoles have kept consumers entertained in the comfort of their homes. Homes are bound to get more comfortable as people spending most time indoors has led to increased investments in technology upgrades. This has further led to rising demand for innovative consumer electronics.

Factors such as growing urban population and rising disposable income have resulted in a surge in demand for sophisticated consumer electronic goods and appliances. At the same time, consumers are also asking for durable and high-quality products at an economical price. As the demand for consumer electronics is growing exponentially, electronics manufacturing plants are being set up across the globe. The rising demand for better products has made PCB manufacturers invest in manufacturing processes and make them more economical. Hence, to improve product quality and make manufacturing more economical, PCB manufacturers have deployed AOI systems in their production line. AOI systems help PCB manufacturers enhance their quality process by replacing manual inspection of PCBs, allowing faster and accurate defect detection, and speeding up the overall production cycle time. AOI systems have evolved. With the shrinking size of PCBs and introduction of advanced technologies in electronics, the need for AOI systems has grown as manual inspection no longer remains a viable option.

Automated optical inspection is considered a reliable inspection process for PCBs in a vast majority of electronic goods manufacturing industries. Strong technology penetration in the consumer electronics sector is fueling the growth of the global AOI market.

Restraint: False call rate of image-based AOI systems

The false call rate (FCR) is defined as the number of good components found as defective, while parts-per-million (ppm) is a measure for the false call rate. False calls are the most critical factors when considering image-based AOI systems. The image-based AOI system uses a number of images to segregate defective components from good ones. At the same time, this system mostly depends on the operator who captures these images and feeds them into the database. Sometimes, falsely classified images can be put in the image database, which makes parameter optimization impossible. For example, if an image containing a faulty component is placed into the “good” part of the image base, the optimization process is likely to adjust the parameters of the AOI algorithm, which has classified the image as “good.” As a result, the system cannot recognize this specified error, which can indicate false calls, causing a serious inspection catastrophe. Further, due to the occurrence of a false call, the operator must check the defect and repeat the process, which results in a slow manufacturing process, decreased productivity, and increased production costs.

Opportunity: Advent of SMART technology

>Self-Monitoring, Analysis and Reporting Technology (SMART), as the name suggests, the emergence of smart technology has revolutionized the technological landscape. From smart devices such as smartphones, smartwatches, and laptops to even broader applications in smart homes and smart factories, smart technology is slowly witnessing widespread adoption.

Smart technology comprises various devices such as IoT devices and smart connected devices. IoT devices are a network of devices that make use of sensors, chips, software, online connectivity, analytics, and applications to bring static physical objects to life. These devices create substantial value, and they are futuristic, scalable, and automated. Some prominent examples include smart cities, smart homes, and smart factories. Smart connected devices are controlled via a remote and connected via the internet or Bluetooth. Smart connected devices can offer a customized experience but must be handled with the help of a remote. Smart security cameras, smart bulbs, and smartphones are some examples of smart connected devices.

The manufacturing process of basic components, including PCBs and integrated circuits (ICs), which constitute in making smart devices, has also evolved. The rising demand for smaller and more sophisticated devices has made PCBs even smaller with complex, multilayered architecture. The trend of miniaturization has allowed manufacturers to increase the number of components mounted on a PCB. The need to inspect all the components in a fast and reliable way has fueled the demand for AOI systems. The AOI system plays a vital role in inspecting compact PCBs. As a result, the AOI system ensures defect-free production of PCBs and reduces the malfunctioning of electronic devices.

Challenge: Requirement of sophisticated hardware and software systems to handle large amount of data

Modern AOI systems have become highly advanced as per the current demanding situation in the electronics manufacturing ecosystem. The increasing miniaturization of electronic components and growing complexity of PCB architecture have made AOI systems evolve with time. Nowadays, to capture more detailed images of complex PCBs, multiple high-definition cameras are used in an AOI system. These newer cameras are capable of more than 120 frames per second (fps). The high-resolution images and fast scanning rates generate a considerable amount of data. Companies must maintain highly sophisticated hardware systems and software solutions to store and process this massive amount of data. Not every electronics manufacturing company can maintain such a costly support system, which presents a challenge for the growth of the AOI system market.

Based on the type, 3D AOI systems to account a larger share during 2021–2026.

The 3D AOI system market is expected to be dominant and faster during the forecast period. Large-scale manufacturing units primarily make use of 3D AOI systems. 3D AOI systems have high operational costs and use complex programming codes for functioning but are more efficient and sensitive at detecting defects and faults than 2D AOI systems. 3D AOI systems can detect faults in PCB substrates as well as in the ball grid array (BGA), which makes them superior to 2D AOI systems. Further, the ability to quickly inspect defects in tall components, significant reduction in false call rates, and ability to provide volumetric data of components under inspection make 3D AOI systems an ideal choice for electronic manufacturing service (EMS) providers in the coming years.

Inline AOI systems to grow at a higher CAGR during the forecast period.

The inline AOI system is expected to be a larger and faster-growing market during the forecast period. Inline AOI systems offer a higher rate of PCB inspection, which is ideal for electronics manufacturing companies involved in high-volume production. Hence, most large manufacturing companies install multiple inline AOI systems in their production lines to speed up the inspection process. Several key manufacturers are making innovations and developments in inline AOI systems. For instance, in March 2021, Viscom developed the new Heavy Flex handling solution. The Heavy Flex handling options are available for Viscom's S3016 ultra AOI system for optical inline 3D inspection. Also, in June 2020, GOEPEL launched two new AOI systems. The 3D XE series of AOI platforms is characterized by low acquisition costs whilst still delivering full 3D inspection functionality. The series consists of the standalone system Basic Line · 3D XE and the inline system Advanced Line · 3D XE.

Consumer Electronics industry accounted for the largest share of the automated optical inspection market during the forecast period

The consumer electronics segment is expected to hold the largest share of the AOI system market during the forecast period. The miniaturization of electronic gadgets has further increased the complexity of internal circuits and components. To efficiently inspect complex PCBs of small and compact consumer electronic devices, manufacturers are increasingly using advanced AOI systems to offer high-quality products to customers. The trend of having one device with multiple functionalities has made modern-day electronic devices such as smartphones, laptops, and wearables more complex in architecture. The increased complexity of these devices requires highly advanced AOI systems for inspection. Further, with the rise in the adoption of 3D inspection technology, AOI systems are going to play a vital role in maintaining the high-quality standards of these complex consumer electronic devices.

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APAC to account for the largest market share during the forecast period

APAC is the leading region for global PCB production, with countries such as China, Taiwan, Japan, and South Korea at the forefront. The increase in high-volume manufacturing of PCBs creates a demand for AOI systems with faster inspection speed. The APAC electronics industry has become a world-class innovation-driven hub for production as a result of low-priced skilled labor, business-friendly environment, low production cost, and growing demand for electronic products in the region. The growth in the electronics industry has enabled the APAC AOI market to grow at a significant rate.

Key Market Players

Koh Young (South Korea), Test Research, Inc. (TRI) (Taiwan), Omron (Japan), Camtek (Israel), Viscom (Germany), Saki Corporation (Japan), Nordson (US), KLA (US), Cyberoptics (US), and Goepel Electronics (Germany) are among the major players in the automated optical inspection market.

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Scope of the Report

Report Metric

Detail

Market Size Availability for Years

2017–2026

Base Year

2020

Forecast Period

2021–2026

Forecast Units

Value (USD)

Segments Covered

By application, elements of AOI, type, technology, industry, and region

Geographies Covered

North America, Europe, APAC, and RoW

Companies Covered

Koh Young Technology, Test Research Inc, Omron, Camtek, and Viscom.
A total of 20 players are covered.

This research report categorizes the automated optical inspection market, by application, elements of AOI, type, technology, industry, and region

Based on Application:

  • Fabrication Phase
  • Assembly Phase

Elements of AOI:

  • Elements of AOI
    • Camera System
    • Lighting System
    • Computer System
    • Software
  • Defect Detection Process
  • Types of PCB used for Defect Detection

Based on Type:

  • 2D AOI System
  • 3D AOI System

Based on Technology:

  • Inline AOI System
  • Offline AOI System

Based on Industry:

  • Consumer Electronics
  • Telecommunications
  • Automotive
  • Medical Devices
  • Aerospace & Defense
  • Industrial Electroncis
  • Energy & Power

Based on the Region:

  • North America
  • Europe
  • APAC
  • RoW (South America, Middle East & Africa)

Recent Developments

  • In March 2021, Viscom developed a new Heavy Flex handling solution to meet the need for flexible handling of large and heavy objects. Heavy Flex handling options are available for Viscom's S3016 ultra system for optical inline 3D inspection.
  • In March 2021, Saki Corporation enhanced the 3Di Series AOI system with its new Z-axis solution to accelerate inspection of tall components, press-fit components, and PCBAs in jigs. The new Z-axis package for 3Di Series achieves a maximum height-measurement range in 3D mode to 40 mm. The maximum focus height in 2D is also increased to 40 mm.
  • In November 2020, Qualitel partnered with Koh Young for the Zenith Series Automated Optical Inspection (AOI) solutions.
  • In August 2020, Koh Young announced its collaboration with Mentor, a Siemens business, to deliver an enhanced programming solution, which will benefit the printed circuit board assembly market. Mentor integrated its Valor Process Preparation Software to further simplify Automated Optical Inspection (AOI) programming and reduce production costs by saving time through the implementation of Mentor's Open Product Model.
  • In April 2020, Viscom entered into a partnership with PCB Technologies for the sales of a wide range of products, particularly in the areas of AOI, SPI, and AXI. Both the companies also agreed to collaborate closely in product marketing and customer service. Initially, PCB Technologies will make use of the demonstration facilities in Germany but will later maintain AOI systems for customer demonstrations in Italy.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 OBJECTIVES OF THE STUDY
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 AUTOMATED OPTICAL INSPECTION MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 VOLUME UNIT CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
           FIGURE 2 AOI SYSTEM MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at the market size through bottom-up analysis (demand side)
                               FIGURE 3 BOTTOM-UP APPROACH TO ARRIVE AT THE MARKET SIZE
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for arriving at the market size through top-down analysis (supply side)
                               FIGURE 4 TOP-DOWN APPROACH TO ARRIVE AT THE MARKET SIZE
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY FOR AOI MARKET USING SUPPLY-SIDE ANALYSIS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 RISK ASSESSMENTS
           TABLE 1 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 7 EFFECT OF COVID-19 ON AUTOMATED OPTICAL INSPECTION MARKET
    3.1 POST-COVID-19 SCENARIO
           TABLE 2 POST-COVID-19 SCENARIO: AOI SYSTEM MARKET, 2021–2026 (USD MILLION)
    3.2 OPTIMISTIC SCENARIO (POST-COVID-19)
           TABLE 3 OPTIMISTIC SCENARIO (POST-COVID-19): AOI SYSTEM MARKET, 2021–2026 (USD MILLION)
    3.3 PESSIMISTIC SCENARIO (POST-COVID-19)
           TABLE 4 PESSIMISTIC SCENARIO (POST-COVID-19): AOI SYSTEM MARKET, 2021–2026 (USD MILLION)
           FIGURE 8 3D AOI SYSTEMS TO LEAD THE MARKET FROM 2021 TO 2026
           FIGURE 9 INLINE AOI SYSTEMS TO HOLD LARGER SHARE OF MARKET FROM 2021 TO 2026
           FIGURE 10 CONSUMER ELECTRONICS INDUSTRY TO HOLD LARGEST SHARE OF MARKET IN 2021
           FIGURE 11 ASIA PACIFIC TO BE THE LARGEST MARKET IN 2021

4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN AUTOMATED OPTICAL INSPECTION MARKET
           FIGURE 12 UPSURGE IN DEMAND FOR CONSUMER ELECTRONICS AND NEED FOR MINIATURE AND HIGH-SPEED PCB TO FUEL THE AUTOMATED OPTICAL INSPECTION MARKET FROM 2021 TO 2026
    4.2 AUTOMATED OPTICAL INSPECTION MARKET, BY TYPE
           FIGURE 13 3D AOI SYSTEMS TO BE LARGER SEGMENT OF THE MARKET FROM 2021 TO 2026
    4.3 AUTOMATED OPTICAL INSPECTION MARKET, BY TECHNOLOGY
           FIGURE 14 INLINE AOI SEGMENT TO LEAD THE MARKET FROM 2021 TO 2026
    4.4 AUTOMATED OPTICAL INSPECTION MARKET, BY INDUSTRY
           FIGURE 15 CONSUMER ELECTRONICS TO BE THE LARGEST END-USE INDUSTRY OF AOI MARKET BY 2026
    4.5 AUTOMATED OPTICAL INSPECTION MARKET, BY COUNTRY
           FIGURE 16 CHINA TO LEAD THE AUTOMATED OPTICAL INSPECTION MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 17 AUTOMATED OPTICAL INSPECTION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Advantages of AOI over other inspection methods
                    5.2.1.2 Upsurge in demand for consumer electronics amidst pandemics
                    5.2.1.3 Rising need for miniature, high-speed PCBs
                    5.2.1.4 Demand for higher productivity by electronics manufacturing services (EMS) companies
                    5.2.1.5 Growing demand for electronics in automotive sector
                               FIGURE 18 IMPACT OF DRIVERS ON AUTOMATED OPTICAL INSPECTION MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 False call rate of image-based AOI systems
                    5.2.2.2 Requirement of highly skilled personnel
                               FIGURE 19 IMPACT OF RESTRAINTS ON AUTOMATED OPTICAL INSPECTION MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Advent of SMART technology
                    5.2.3.2 Newer applications for AOI systems apart from PCB inspection
                    5.2.3.3 Growing demand for AOI systems for inspection of IC substrates
                               FIGURE 20 IMPACT OF OPPORTUNITIES ON AUTOMATED OPTICAL INSPECTION MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Requirement of sophisticated hardware and software systems to handle large amount of data
                    5.2.4.2 Availability of superior inspection technology as a substitute
                               FIGURE 21 IMPACT OF CHALLENGES ON AUTOMATED OPTICAL INSPECTION MARKET
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 22 VALUE CHAIN ANALYSIS OF AOI
    5.4 ECOSYSTEM ANALYSIS
           TABLE 5 ECOSYSTEM: AOI SYSTEMS
    5.5 REVENUE SHIFT AND NEW REVENUE POCKETS FOR AOI MARKET
    5.6 CASE STUDY ANALYSIS
           5.6.1 MICROART SERVICES INC USED CYBEROPTICS’ QX250I 2D AOI SYSTEM FOR POST SOLDER INSPECTION
           5.6.2 LARITECH CHOSE KOH YOUNG TECHNOLOGY AS THEIR INSPECTION PARTNER
           5.6.3 E.D.&A. INVESTS IN VISCOM 3D AOI FOR THT LINE
    5.7 PORTER’S FIVE FORCES ANALYSIS
           TABLE 6 IMPACT OF EACH FORCE ON MARKET (2020)
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 ARTIFICIAL INTELLIGENCE (AI) IN AOI
           5.8.2 AOI TO HELP ACCELERATE INDUSTRY 4.0 TRANSFORMATION
    5.9 PRICING ANALYSIS
           TABLE 7 AVERAGE SELLING PRICES OF AOI SYSTEMS OFFERED BY TOP COMPANIES, 2020
           TABLE 8 INDICATIVE PRICES OF AOI SYSTEM
    5.10 TRADE ANALYSIS
           FIGURE 23 IMPORT DATA, BY COUNTRY, 2016–2020 (USD BILLION)
           FIGURE 24 EXPORT DATA, 2016–2020 (USD BILLION)
    5.11 PATENT ANALYSIS
                    FIGURE 25 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
                    TABLE 9 TOP 20 PATENT OWNERS IN LAST 10 YEARS
                    FIGURE 26 NUMBER OF PATENTS GRANTED PER YEAR FROM 2010 TO 2020
                    TABLE 10 LIST OF KEY PATENTS AND INNOVATIONS IN AOI MARKET
    5.12 REGULATORY LANDSCAPE
           5.12.1 REGULATORY LANDSCAPE
           5.12.2 RESTRICTION OF HAZARDOUS SUBSTANCES (ROHS)
           5.12.3 WASTE OF ELECTRONIC AND ELECTRICAL EQUIPMENT (WEEE)
           5.12.4 EUROPEAN CONFORMITY (CE)
           5.12.5 ELECTRONIC COMPONENTS INDUSTRY ASSOCIATION (ECIA)

6 AUTOMATED OPTICAL INSPECTION MARKET, BY APPLICATION (Page No. - 76)
    6.1 INTRODUCTION
    6.2 FABRICATION PHASE
    6.3 ASSEMBLY PHASE

7 ELEMENTS OF AOI SYSTEM (Page No. - 79)
    7.1 INTRODUCTION
           FIGURE 27 ELEMENTS OF AN AOI SYSTEM
    7.2 ELEMENTS OF AOI SYSTEM
           7.2.1 CAMERA SYSTEM
                    7.2.1.1 Monochrome camera
                    7.2.1.2 Color camera
                               TABLE 11 MONOCHROME CAMERA VS. COLOR CAMERA
           7.2.2 LIGHTING SYSTEM
                    7.2.2.1 Fluorescent lighting
                    7.2.2.2 LED lighting
                    7.2.2.3 UV (ultraviolet) or IR (infrared) lighting
           7.2.3 COMPUTER SYSTEM
           7.2.4 SOFTWARE
    7.3 DEFECT DETECTION PROCESS
           7.3.1 IMAGE COMPARISON
                    7.3.1.1 CAD data
                    7.3.1.2 Golden board image
                    7.3.1.3 Classification process of an image
           7.3.2 ALGORITHM-BASED DETECTION
    7.4 TYPES OF PCBS USED FOR DEFECT DETECTION
           7.4.1 SINGLE-SIDED PCB
                    7.4.1.1 Application of single-sided PCB
           7.4.2 DOUBLE-SIDED PCB
                    7.4.2.1 Application of double-sided PCB
           7.4.3 MULTILAYER PCB
                    7.4.3.1 Application of multilayer PCB
           7.4.4 HIGH-DENSITY INTERCONNECT (HDI) BOARDS
                    7.4.4.1 Application of HDI boards
           7.4.5 FLEXIBLE PCB
                    7.4.5.1 Application of flexible PCBs
           7.4.6 RIGID FLEXIBLE PCB
                    7.4.6.1 Application of rigid flexible PCB
           7.4.7 IC SUBSTRATE
                    7.4.7.1 Application of IC substrate

8 AOI SYSTEM MARKET, BY TYPE (Page No. - 86)
    8.1 INTRODUCTION
           FIGURE 28 AOI SYSTEM MARKET, BY TYPE
           TABLE 12 AOI SYSTEM MARKET, IN TERMS OF VALUE AND VOLUME, 2017–2026
           FIGURE 29 3D AOI SYSTEMS TO BE DOMINANT AND GROW FASTER DURING FORECAST PERIOD
           TABLE 13 AOI SYSTEM MARKET, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 14 AOI SYSTEM MARKET, BY TYPE, 2021–2026 (USD MILLION)
    8.2 3D AOI SYSTEMS
           8.2.1 ABILITY TO INSPECT COPLANARITY OF COMPONENTS AND PROVIDE VOLUMETRIC MEASUREMENT DATA TO DRIVE DEMAND
           8.2.2 METHODOLOGIES OF 3D AOI INSPECTION
                    8.2.2.1 Laser measurement
                    8.2.2.2 Multi-frequency moirι phase shift image processing
                               FIGURE 30 FUNCTIONAL DIAGRAM: 3D AOI SYSTEM
                               TABLE 15 3D AOI SYSTEM ADVANTAGES VS. DISADVANTAGES
                               TABLE 16 3D AOI SYSTEM MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                               TABLE 17 3D AOI SYSTEM MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
                               TABLE 18 3D AOI SYSTEM MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                               TABLE 19 3D AOI SYSTEM MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
                               TABLE 20 3D AOI SYSTEM MARKET, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 21 3D AOI SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION)
    8.3 2D AOI SYSTEMS
           8.3.1 HIGHER RATE OF FALSE CALLS WILL LEAD TO SHRINKING DEMAND
                    FIGURE 31 FUNCTIONAL DIAGRAM: 2D AOI SYSTEM
                    TABLE 22 2D AOI SYSTEM ADVANTAGES VS. DISADVANTAGES
                    TABLE 23 2D AOI SYSTEM MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 24 2D AOI SYSTEM MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
                    TABLE 25 2D AOI SYSTEM MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 26 2D AOI SYSTEM MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 27 2D AOI SYSTEM MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 28 2D AOI SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION)

9 AOI SYSTEM MARKET, BY TECHNOLOGY (Page No. - 97)
    9.1 INTRODUCTION
           FIGURE 32 AOI SYSTEM MARKET SEGMENTATION, BY TECHNOLOGY
           FIGURE 33 INLINE AOI EXPECTED TO LEAD THE MARKET DURING FORECAST PERIOD
           TABLE 29 AOI SYSTEM MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
           TABLE 30 AOI SYSTEM MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
    9.2 INLINE AOI
           9.2.1 NEED FOR FASTER PCB INSPECTION TO DRIVE DEMAND
                    FIGURE 34 PROCESS FLOW OF AN INLINE AOI SYSTEM
                    TABLE 31 INLINE AOI SYSTEM ADVANTAGES VS. DISADVANTAGES
                    TABLE 32 INLINE AOI SYSTEM MARKET, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 33 INLINE AOI SYSTEM MARKET, BY TYPE, 2021–2026 (USD MILLION)
    9.3 OFFLINE AOI
           9.3.1 LESS ACCURACY IN FAULT DETECTION WILL LEAD TO MODERATE DEMAND
                    FIGURE 35 PROCESS FLOW OF AN OFFLINE AOI SYSTEM
                    TABLE 34 OFFLINE AOI SYSTEM ADVANTAGES VS. DISADVANTAGES
                    TABLE 35 OFFLINE AOI SYSTEM MARKET, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 36 OFFLINE AOI SYSTEM MARKET, BY TYPE, 2021–2026 (USD MILLION)

10 AOI SYSTEM MARKET, BY INDUSTRY (Page No. - 104)
     10.1 INTRODUCTION
               FIGURE 36 AOI SYSTEM MARKET, BY INDUSTRY
               TABLE 37 AOI SYSTEM MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 38 AOI SYSTEM MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
               FIGURE 37 CONSUMER ELECTRONICS TO LEAD AOI SYSTEM MARKET DURING FORECAST PERIOD
     10.2 CONSUMER ELECTRONICS
             10.2.1 RISING NEED FOR SMART DEVICES TO DRIVE DEMAND
                       TABLE 39 AOI SYSTEM MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 40 AOI SYSTEM MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 41 AOI SYSTEM MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 42 AOI SYSTEM MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2021–2026 (USD MILLION)
     10.3 TELECOMMUNICATIONS
             10.3.1 EMERGING WIRELESS COMMUNICATION TECHNOLOGIES CONTRIBUTE TO DRIVE DEMAND
                       TABLE 43 AOI SYSTEM MARKET FOR TELECOMMUNICATIONS, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 44 AOI SYSTEM MARKET FOR TELECOMMUNICATIONS, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 45 AOI SYSTEM MARKET FOR TELECOMMUNICATIONS, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 46 AOI SYSTEM MARKET FOR TELECOMMUNICATIONS, BY REGION, 2021–2026 (USD MILLION)
     10.4 AUTOMOTIVE
             10.4.1 INDUSTRIAL IOT ENABLES AUTOMOTIVE INDUSTRY TO ADOPT AOI SYSTEMS
                       TABLE 47 AOI SYSTEM MARKET FOR AUTOMOTIVE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 48 AOI SYSTEM MARKET FOR AUTOMOTIVE, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 49 AOI SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 50 AOI SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)
     10.5 MEDICAL DEVICES
             10.5.1 RISING DIGITIZATION IN MEDICAL DEVICES TO DRIVE DEMAND
                       TABLE 51 AOI SYSTEM MARKET FOR MEDICAL DEVICES, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 52 AOI SYSTEM MARKET FOR MEDICAL DEVICES, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 53 AOI SYSTEM MARKET FOR MEDICAL DEVICES, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 54 AOI SYSTEM MARKET FOR MEDICAL DEVICES, BY REGION, 2021–2026 (USD MILLION)
     10.6 AEROSPACE & DEFENSE
             10.6.1 NEED FOR HIGH-QUALITY ELECTRONIC COMPONENTS TO DRIVE DEMAND
                       TABLE 55 AOI SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 56 AOI SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 57 AOI SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 58 AOI SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2021–2026 (USD MILLION)
     10.7 INDUSTRIAL ELECTRONICS
             10.7.1 INCREASING INDUSTRIAL DIGITIZATION TO DRIVE DEMAND
                       TABLE 59 AOI SYSTEM MARKET FOR INDUSTRIAL ELECTRONICS, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 60 AOI SYSTEM MARKET FOR INDUSTRIAL ELECTRONICS, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 61 AOI SYSTEM MARKET FOR INDUSTRIAL ELECTRONICS, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 62 AOI SYSTEM MARKET FOR INDUSTRIAL ELECTRONICS, BY REGION, 2021–2026 (USD MILLION)
     10.8 ENERGY & POWER
             10.8.1 UPGRADE OF ENERGY INFRASTRUCTURE TO DRIVE DEMAND
                       TABLE 63 AOI SYSTEM MARKET FOR ENERGY & POWER, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 64 AOI SYSTEM MARKET FOR ENERGY & POWER, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 65 AOI SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 66 AOI SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2021–2026 (USD MILLION)

11 AOI MARKET, BY REGION (Page No. - 120)
     11.1 INTRODUCTION
               FIGURE 38 MEXICO TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
               TABLE 67 AOI MARKET, BY REGION, 2017–2020 (USD MILLION)
               TABLE 68 AOI MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.2 NORTH AMERICA
               FIGURE 39 NORTH AMERICA: AOI MARKET SNAPSHOT
               TABLE 69 AOI MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 70 AOI MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 71 AOI MARKET IN NORTH AMERICA, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 72 AOI MARKET IN NORTH AMERICA, BY TYPE, 2021–2026 (USD MILLION)
             11.2.1 US
                       11.2.1.1 Surge in domestic manufacturing to drive demand
                                   TABLE 73 AOI MARKET IN US, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 74 AOI MARKET IN US, BY TYPE, 2021–2026 (USD MILLION)
             11.2.2 CANADA
                       11.2.2.1 Growing automotive and energy & power industries to drive the market
                                   TABLE 75 AOI MARKET IN CANADA, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 76 AOI MARKET IN CANADA, BY TYPE, 2021–2026 (USD MILLION)
             11.2.3 MEXICO
                       11.2.3.1 Increasing manufacturing of electronics to drive the market
                                   TABLE 77 AOI MARKET IN MEXICO, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 78 AOI MARKET IN MEXICO, BY TYPE, 2021–2026 (USD MILLION)
     11.3 EUROPE
               FIGURE 40 EUROPE: AOI MARKET SNAPSHOT
               TABLE 79 AOI MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 80 AOI MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 81 AOI MARKET IN EUROPE, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 82 AOI MARKET IN EUROPE, BY TYPE, 2021–2026 (USD MILLION)
             11.3.1 GERMANY
                       11.3.1.1 Flourishing automotive industry to drive the market
                                   TABLE 83 AOI MARKET IN GERMANY, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 84 AOI MARKET IN GERMANY, BY TYPE, 2021–2026 (USD MILLION)
             11.3.2 UK
                       11.3.2.1 Government push for enhancing telecommunications industry to drive the market
                                   TABLE 85 AOI MARKET IN THE UK, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 86 AOI MARKET IN THE UK, BY TYPE, 2021–2026 (USD MILLION)
             11.3.3 FRANCE
                       11.3.3.1 Increased production of electric vehicles to drive the market
                                   TABLE 87 AOI MARKET IN FRANCE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 88 AOI MARKET IN FRANCE, BY TYPE, 2021–2026 (USD MILLION)
             11.3.4 REST OF EUROPE
                       11.3.4.1 Expansion of manufacturing capabilities to drive the market
                                   TABLE 89 AOI MARKET IN THE REST OF EUROPE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 90 AOI MARKET IN THE REST OF EUROPE, BY TYPE, 2021–2026 (USD MILLION)
     11.4 APAC
               FIGURE 41 APAC: AOI MARKET SNAPSHOT
               TABLE 91 AOI MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 92 AOI MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 93 AOI MARKET IN APAC, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 94 AOI MARKET IN APAC, BY TYPE, 2021–2026 (USD MILLION)
             11.4.1 CHINA
                       11.4.1.1 Government initiatives for expansion of domestic electronics manufacturing to drive the market
                                   TABLE 95 AOI MARKET IN CHINA, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 96 AOI MARKET IN CHINA, BY TYPE, 2021–2026 (USD MILLION)
             11.4.2 TAIWAN
                       11.4.2.1 Growing use of advanced electronics devices to drive the market
                                   TABLE 97 AOI MARKET IN TAIWAN, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 98 AOI MARKET IN TAIWAN, BY TYPE, 2021–2026 (USD MILLION)
             11.4.3 SOUTH KOREA
                       11.4.3.1 Presence of world-class manufacturing infrastructure to drive the market
                                   TABLE 99 AOI MARKET IN SOUTH KOREA, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 100 AOI MARKET IN SOUTH KOREA, BY TYPE, 2021–2026 (USD MILLION)
             11.4.4 JAPAN
                       11.4.4.1 Strong domestic demand for consumer electronics to drive the market
                                   TABLE 101 AOI MARKET IN JAPAN, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 102 AOI MARKET IN JAPAN, BY TYPE, 2021–2026 (USD MILLION)
             11.4.5 REST OF APAC
                       11.4.5.1 Emerging economies with low-cost electronics manufacturing capabilities to drive the market
                                   TABLE 103 AOI MARKET IN THE REST OF APAC, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 104 AOI MARKET IN THE REST OF APAC, BY TYPE, 2021–2026 (USD MILLION)
     11.5 ROW
               TABLE 105 AOI MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
               TABLE 106 AOI MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
               TABLE 107 AOI MARKET IN ROW, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 108 AOI MARKET IN ROW, BY TYPE, 2021–2026 (USD MILLION)
             11.5.1 SOUTH AMERICA
                       11.5.1.1 Rising FDIs to promote domestic manufacturing to drive the market
                                   TABLE 109 AOI MARKET IN SOUTH AMERICA, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 110 AOI MARKET IN SOUTH AMERICA, BY TYPE, 2021–2026 (USD MILLION)
             11.5.2 MIDDLE EAST
                       11.5.2.1 Growing aerospace industry to drive the market
                                   TABLE 111 AOI MARKET IN MIDDLE EAST, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 112 AOI MARKET IN MIDDLE EAST, BY TYPE, 2021–2026 (USD MILLION)
             11.5.3 AFRICA
                       11.5.3.1 Emergence of African economies as an automotive manufacturing hub to drive the market
                                   TABLE 113 AOI MARKET IN AFRICA, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 114 AOI MARKET IN AFRICA, BY TYPE, 2021–2026 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 144)
     12.1 OVERVIEW
     12.2 TOP FIVE COMPANY REVENUE ANALYSIS
               FIGURE 42 AOI MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2016–2020
     12.3 MARKET SHARE ANALYSIS, 2020
               TABLE 115 AOI MARKET SHARE ANALYSIS (2020)
     12.4 COMPETITIVE LEADERSHIP MAPPING
             12.4.1 STAR
             12.4.2 EMERGING LEADER
             12.4.3 PERVASIVE
             12.4.4 PARTICIPANT
                       FIGURE 43 AOI MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
     12.5 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION MATRIX, 2020
             12.5.1 PROGRESSIVE COMPANIES
             12.5.2 RESPONSIVE COMPANIES
             12.5.3 DYNAMIC COMPANIES
             12.5.4 STARTING BLOCKS
                       FIGURE 44 AOI MARKET (GLOBAL), SME EVALUATION QUADRANT, 2020
     12.6 AOI MARKET: PRODUCT FOOTPRINT
               TABLE 116 COMPANY FOOTPRINT
               TABLE 117 INDUSTRY FOOTPRINT OF COMPANIES
               TABLE 118 REGIONAL FOOTPRINT OF COMPANIES
     12.7 COMPETITIVE SITUATIONS AND TRENDS
             12.7.1 AOI MARKET: PRODUCT LAUNCHES, APRIL 2019–MARCH 2021
             12.7.2 AOI MARKET: DEALS, MAY 2019–JANUARY 2021

13 COMPANY PROFILES (Page No. - 157)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     13.1 INTRODUCTION
     13.2 KEY PLAYERS
             13.2.1 KOH YOUNG TECHNOLOGY
                       FIGURE 45 KOH YOUNG TECHNOLOGY: COMPANY SNAPSHOT
             13.2.2 TEST RESEARCH
                       FIGURE 46 TEST RESEARCH: COMPANY SNAPSHOT
             13.2.3 OMRON
                       FIGURE 47 OMRON: COMPANY SNAPSHOT
             13.2.4 VISCOM
                       FIGURE 48 VISCOM: COMPANY SNAPSHOT
             13.2.5 SAKI CORPORATION
             13.2.6 NORDSON
                       FIGURE 49 NORDSON: COMPANY SNAPSHOT
             13.2.7 KLA
                       FIGURE 50 KLA: COMPANY SNAPSHOT
             13.2.8 CAMTEK
                       FIGURE 51 CAMTEK: COMPANY SNAPSHOT
             13.2.9 CYBEROPTICS
                       FIGURE 52 CYBEROPTICS: COMPANY SNAPSHOT
               13.2.10 GOEPEL ELECTRONIC
     13.3 OTHER PLAYERS
             13.3.1 MIRTEC
             13.3.2 MARANTZ ELECTRONICS
             13.3.3 MACHINE VISION PRODUCTS
             13.3.4 MYCRONIC AB (VI TECHNOLOGY)
             13.3.5 AOI SYSTEMS
             13.3.6 DCB AUTOMATION
             13.3.7 PEMTRON
             13.3.8 PARMI
             13.3.9 STRATUS VISION
             13.3.10 ASC INTERNATIONAL
             13.3.11 MANNCORP
             13.3.12 ASCEN TECHNOLOGY
             13.3.13 SCREEN PE SOLUTIONS
             13.3.14 AOI VISION PTE
             13.3.15 SEHO SYSTEMS

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

14 ADJACENT AND RELATED MARKETS (Page No. - 197)
     14.1 MACHINE VISION MARKET, BY END-USER INDUSTRY
             14.1.1 INTRODUCTION
             14.1.2 COVID-19 IMPACT ON END-USER INDUSTRY
                       FIGURE 53 AUTOMOTIVE SEGMENT TO HOLD LARGEST SIZE OF MACHINE VISION MARKET IN 2020
                       TABLE 119 PRE-COVID-19: MACHINE VISION MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
            TABLE 120 POST-COVID-19: MACHINE VISION MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             14.1.3 AUTOMOTIVE
                       14.1.3.1 Machine vision systems offer high accuracy in critical activities such as bin picking and positioning of parts for assembly
                       14.1.3.2 Impact of COVID-19
                                   TABLE 121 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                                   TABLE 122 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 123 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                                   TABLE 124 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
             14.1.4 ELECTRONICS AND SEMICONDUCTOR
                       14.1.4.1 Main objectives of deploying machine vision systems are to improve product quality and increase production volume in a short period of time.
                       14.1.4.2 Impact of COVID-19
                                   TABLE 125 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                                   TABLE 126 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 127 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                                   TABLE 128 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
             14.1.5 CONSUMER ELECTRONICS
                       14.1.5.1 2D and 3D machine vision systems are emerging as powerful technologies for electronics assembly applications
                       14.1.5.2 Impact of COVID-19
                                   TABLE 129 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                                   TABLE 130 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 131 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                                   TABLE 132 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
             14.1.6 GLASS
                       14.1.6.1 Modern machine vision technology improves operational efficiency, traces defects, reduces wastage, and provides detailed statistical information
                                   FIGURE 54 GLASS PRODUCTION IN EUROPE
                       14.1.6.2 Impact of COVID-19
                                   TABLE 133 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                                   TABLE 134 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 135 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                                   TABLE 136 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
             14.1.7 METALS
                       14.1.7.1 Machine vision system enhances product quality by 3D inspection and can be easily incorporated into existing manufacturing systems to enhance the quality of the overall production process
                       14.1.7.2 Impact of COVID-19
                                   TABLE 137 MACHINE VISION MARKET FOR METALS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                                   TABLE 138 MACHINE VISION MARKET FOR METALS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 139 MACHINE VISION MARKET FOR METALS INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                                   TABLE 140 MACHINE VISION MARKET FOR METALS INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
             14.1.8 WOOD & PAPER
                       14.1.8.1 Machine vision systems can work efficiently in different environmental conditions
                       14.1.8.2 Impact of COVID-19
                                   TABLE 141 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                                   TABLE 142 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 143 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                                   TABLE 144 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
             14.1.9 PHARMACEUTICAL
                       14.1.9.1 Machine vision systems are used in detecting defects to ensure product quality
                       14.1.9.2 Impact of COVID-19
                                   TABLE 145 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                                   TABLE 146 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 147 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                                   TABLE 148 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
               14.1.10 FOOD AND PACKAGING
                         14.1.10.1 Food
                                      14.1.10.1.1 Machine vision systems are pre-trained with the required algorithms that help them understand characteristics such as size, stage of growth, and variety
                         14.1.10.2 Packaging
                                      14.1.10.2.1 Machine vision helps in inspection of packaging processes and reduction of errors by carrying out multiple inspections at a single time
                         14.1.10.3 Impact of COVID-19
                                   TABLE 149 MACHINE VISION MARKET FOR FOOD AND PACKAGING INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                                   TABLE 150 MACHINE VISION MARKET FOR FOOD AND PACKAGING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 151 MACHINE VISION MARKET FOR FOOD AND PACKAGING INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                                   TABLE 152 MACHINE VISION MARKET FOR FOOD AND PACKAGING INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
               14.1.11 RUBBER AND PLASTICS
                         14.1.11.1 Machine vision systems are designed to examine and evaluate parts and determine if the parts are good, bad, or undefined
                         14.1.11.2 Impact of COVID-19
                                   TABLE 153 MACHINE VISION MARKET FOR RUBBER AND PLASTICS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                                   TABLE 154 MACHINE VISION MARKET FOR RUBBER AND PLASTICS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 155 MACHINE VISION MARKET FOR RUBBER AND PLASTICS INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                                   TABLE 156 MACHINE VISION MARKET FOR RUBBER AND PLASTICS INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
               14.1.12 PRINTING
                         14.1.12.1 Machine vision systems used in digital printing applications check for readable texts and correct number of collated pages
                         14.1.12.2 Impact of COVID-19
                                   TABLE 157 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                                   TABLE 158 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 159 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                                   TABLE 160 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
               14.1.13 MACHINERY
                         14.1.13.1 Machine vision systems help in completing processes much faster and help in detecting defects and validating quality
                                   TABLE 161 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                                   TABLE 162 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 163 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                                   TABLE 164 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
               14.1.14 SOLAR PANEL MANUFACTURING
                         14.1.14.1 Industrial machine vision-based inspection is an important tool for inspecting quality of solar panels
                         14.1.14.2 Impact of COVID-19
                                   TABLE 165 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                                   TABLE 166 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 167 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                                   TABLE 168 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
               14.1.15 TEXTILE
                         14.1.15.1 Machine vision systems help manufacturers produce high-quality textiles while minimizing the costs and maximizing the profits
                         14.1.15.2 Impact of COVID-19
                                   TABLE 169 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                                   TABLE 170 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 171 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                                   TABLE 172 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)

15 APPENDIX (Page No. - 224)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study has involved four major activities in estimating the size of the automated optical inspection market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods have been used to estimate the market for segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard and silver-standard websites, regulatory bodies, trade directories, and databases.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the automated optical inspection market through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand-side and supply-side vendors across four major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows

Managed Network Services Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were followed to estimate and validate the size of the AOI system market and other dependent submarkets. Key players in the market were identified through secondary research, and their contribution to the market was determined through primary and secondary research. This entire research methodology is based on the study of annual and financial reports of top players, as well as on the interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative). All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters affecting the markets covered in this research study were accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets. The research methodology used to estimate the market size is as follows:

  • Identifying various electronics manufacturing service (EMS) companies that use or are expected to implement AOI systems at their PCB production lines and analyze their implementation patterns
  • The size of the AOI system market was estimated based on the demand for AOI systems from EMS companies
  • Primaries were conducted with a few major players operating in the AOI system market for validating the global size of the market
  • Additionally, the size of the AOI system market was validated through secondary sources, which include Surface-Mount Technology Association (SMTA), Institute for Printed Circuits (IPC), as well as company websites, press releases, research journals, and magazines
  • For calculating the CAGR of the AOI system market, the historical and future market trend analyses were carried out by understanding the industry penetration rate of 2D and 3D AOI systems and their demand and supply in different industries
  • The estimates at every level were verified and cross-checked through discussions with key opinion leaders such as corporate executives (CXOs), directors, and sales heads, as well as with the domain experts in MarketsandMarkets
  • Various paid and unpaid information sources such as annual reports, press releases, white papers, and databases were also studied

Data Triangulation

After arriving at the overall market size from the estimation process explained earlier, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the automated optical inspection market has been validated using both the top-down and bottom-up approaches.

Report Objectives

  • To define and forecast the size of the automated optical inspection market based on type, technology, and industry in terms of value
  • To describe and forecast the size of the automated optical inspection market in four key regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), along with their respective countries
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market size
  • To study the complete value chain of the automated optical inspection market
  • To provide a detailed impact of the COVID-19 on the automated optical inspection market
  • To provide the impact of the COVID-19 on the market segments and players operating in the automated optical inspection market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the automated optical inspection ecosystem
  • To strategically profile key players and comprehensively analyze their market position in terms of their ranking and core competencies2 and provide their detailed competitive landscape
  • To analyze competitive developments such as new product launches, acquisitions, collaborations, and agreements in the automated optical inspection market

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Company Information:

  • Detailed analysis and profiling of additional market players based on various blocks of the value chain.
COVID-19

Get in-depth analysis of the COVID-19 impact on the Automated Optical Inspection Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Automated Optical Inspection Market

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Report Code
SE 4527
Published ON
Sep, 2021
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