Automated Optical Inspection System Market Summary
As per Market Research Future Analysis, the Global Automated Optical Inspection System Market was valued at USD 938.0 million in 2023 and is projected to grow to USD 3990.2 million by 2032, with a CAGR of 17.5% from 2024 to 2032. The market is driven by the rising demand for AOI systems in inspecting IC substrates, despite experiencing a temporary decline due to the COVID-19 pandemic. The increasing miniaturization of printed circuit boards and the complexity of electronic components are further propelling market growth. The automotive sector is the largest industry vertical, driven by the demand for high-performing electronic components. Asia-Pacific holds the largest market share, while North America is expected to exhibit the fastest growth rate during the forecast period.
Key Market Trends & Highlights
Key trends influencing the Automated Optical Inspection System market include technological advancements and increasing demand across various sectors.
- Market Size in 2023: USD 938.0 million
- Projected Market Size by 2032: USD 3990.2 million
- CAGR from 2024 to 2032: 17.5%
- Automotive sector dominates the market due to high demand for electronic components.
Market Size & Forecast
2023 Market Size | USD 938.0 million |
2024 Market Size | USD 1101.7 million |
2032 Market Size | USD 3990.2 million |
CAGR (2024-2032) | 17.5% |
Major Players
Key companies include Koh Young Test Research, Omron, Mirtec, Viscom, Camtek, CyberOptics, Daiichi Jitsugyo, Nordson, Orbotech, GOEPEL Electronic, and Saki.