3D Automated Optical Inspection Equipment Market by Product Type and Geography - Forecast and Analysis 2022-2026

The 3D automated optical inspection (AOI) equipment market's growth momentum will accelerate at a CAGR of 28.15% and the market share will increase to USD 653.59 million from 2021 to 2026.

This 3D automated optical inspection (AOI) equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers 3D automated optical inspection (AOI) equipment market segmentation by:

• Distribution Channel - 3D inline AOI and 3D offline AOI
• Geography - APAC, North America, Europe, South America, and Middle East and Africa

The 3D automated optical inspection (AOI) equipment market report also offers information on several market vendors, including Camtek Ltd., CyberOptics Corp., GOPEL electronic GmbH, Juzi Technology, Koh Young Technology Inc., Machine Vision Products Inc., MEK Europe BV, Mirtec Co. Ltd., Mycronic AB, Nanotronics, Nordson Corp., OMRON Corp., PARMI Co. Ltd., Saki Corp., Stratus Vision GmbH, Test Research Inc., Viscom AG, ViTrox Corp. Berhad, Wencor Group LLC, and ZhenHuaXing Technology ShenZhen Co. Ltd. among others.

What will the 3D Automated Optical Inspection (AOI) Equipment Market Size be During the Forecast Period?

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3D Automated Optical Inspection (AOI) Equipment Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing adoption of smart devices is notably driving the 3D automated optical inspection (AOI) equipment market growth, although factors such as the false call rate slowing down adoption of 3D AOI equipment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the 3D automated optical inspection (AOI) equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key 3D Automated Optical Inspection (AOI) Equipment Market Driver

• One of the key factors driving growth in the 3D automated optical inspection (AOI) equipment market is the increasing adoption of smart devices.
• The use of 3D AOI equipment is effective in PCBs with BGAs and CSP. BGAs and CSP help in the miniaturization of PCBs by allowing a complicated circuit design to be placed in a compact space. The adoption of such miniaturized PCBs is high in smart devices such as smartphones, smart watches, and smart speakers.
• The increasing adoption of such smart devices is raising the demand for compact PCBs with BGAs and CSP. Furthermore, the rising demand for smart devices is leading to the construction and expansion of electronic device manufacturing facilities across various regions.
• The steady increase in the demand for smart devices is expected to raise the need for the construction and expansion of electronics production facilities during the forecast period. Such factors are expected to drive the demand for several types of industrial machinery, including 3D AOI, which is expected to drive the global 3D AOI equipment market.

Key 3D Automated Optical Inspection (AOI) Equipment Market Trend

• The advancements in PCB manufacturing process is a key 3D automated optical inspection (AOI) equipment market trend that is expected to have a positive impact in the coming years.
• Surface mount technology (SMT) is highly adopted for mounting components directly on the surface of PCBs.
• The rising demand for highly sensitive circuit boards has brought a lot of changes in SMT, resulting in innovative SMT modules.
• With the emergence of IoT, PCBs have become highly complex with increased component density. Innovations in PCBs are increasing the number of miniaturized components in devices that are tolerant to both temperature and pressure changes. This, in turn, is leading to innovations in the SMT line to prevent defects on PCBs by preventing the risk of short circuits and addressing issues related to soldering.
• The rising demand for miniaturized components is creating the demand for 3D AOI equipment across the world. Thus, it is expected that the advances in the manufacturing process of PCBs will have a significant impact on the global 3D AOI equipment market.

Key 3D Automated Optical Inspection (AOI) Equipment Market Challenge

• The false call rate slowing down the adoption of 3D AOI equipment will be a major challenge for the 3D automated optical inspection (AOI) equipment market during the forecast period.
• AOI equipment plays a significant role in inspection in a manufacturing environment. However, inline board assembly inspection using AOI equipment in a high-volume environment can be highly challenging.
• False calls from the AOI equipment can result in accepting a defective product or rejecting a non-defective product.
• False calls and false accepts consume more time to rectify, especially when there are multiple systems and programs that are not transferrable to other inspection equipment.
• 3D AOI equipment has a top-down camera and an angular camera to obtain a volumetric dimension of PCBs. However, the shadows on PCBs can cause misinterpretation while inspecting dimensional flaws. This leads to false call rates, thereby increasing production costs.
• The false calls are leading to the adoption of other inspection equipment such as AXI, which is expected to decelerate the adoption rate of 3D AOI equipment, thereby hindering the growth of the global 3D AOI equipment market.

This 3D automated optical inspection (AOI) equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global 3D automated optical inspection (AOI) equipment market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the 3D automated optical inspection (AOI) equipment market during the forecast period.

Who are the Major 3D Automated Optical Inspection (AOI) Equipment Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Camtek Ltd.
• CyberOptics Corp.
• GOPEL electronic GmbH
• Juzi Technology
• Koh Young Technology Inc.
• Machine Vision Products Inc.
• MEK Europe BV
• Mirtec Co. Ltd.
• Mycronic AB
• Nanotronics
• Nordson Corp.
• OMRON Corp.
• PARMI Co. Ltd.
• Saki Corp.
• Stratus Vision GmbH
• Test Research Inc.
• Viscom AG
• ViTrox Corp. Berhad
• Wencor Group LLC
• ZhenHuaXing Technology ShenZhen Co. Ltd.

 

This statistical study of the 3D automated optical inspection (AOI) equipment market encompasses successful business strategies deployed by the key vendors. The 3D automated optical inspection (AOI) equipment market is fragmented and the vendors are deploying growth strategies such as focusing on technological advances in the equipment to compete in the market.

Product Insights and News

• camtek.com - The company offers 3D automated optical inspection equipment such as Phoenix which features detection, minimum false calls, as well as quickand easy setup and high throughput.

• camtek.com - Under the unified segment, the company designs, develops, manufactures, and markets automated optical inspection and metrology systems.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The 3D automated optical inspection (AOI) equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

3D Automated Optical Inspection (AOI) Equipment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the 3D automated optical inspection (AOI) equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for 3D Automated Optical Inspection (AOI) Equipment Market?

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62% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for 3D automated optical inspection (AOI) equipment in APAC. Market growth in this region will be faster than the growth of the market in the European and MEA regions.

The strong presence of electronics manufacturing industries in the region will facilitate the 3D automated optical inspection (AOI) equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The component and semiconductor manufacturing and other industrial activities in APAC were adversely impacted in 2020 owing to the COVID-19 pandemic. The imposition of stringent lockdowns and social distancing regulations forced many business owners to shut down their facilities temporarily. However, the industrial sectors such as automobile, manufacturing, and others are expected to recover as the COVID-19 pandemic cases reduces. Therefore, the recommencement of operations in the manufacturing and industrial sectors will positively impact the growth of the 3D AOI equipment market in APAC during the forecast period.

What are the Revenue-generating Distribution Channel Segments in the 3D Automated Optical Inspection (AOI) Equipment Market?

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The 3D automated optical inspection (AOI) equipment market share growth by the 3D inline AOI segment will be significant during the forecast period. The increasing need for the inspection of coplanarity of electronic components during the production process and the growing complexity of the circuit designs in PCBs are driving the demand for 3D inline AOI equipment. Therefore, the need for high-volume production of complex-design PCBs is expected to drive the demand for 3D inline AOI equipment during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the 3D automated optical inspection (AOI) equipment market size and actionable market insights on post COVID-19 impact on each segment.

3D Automated Optical Inspection (AOI) Equipment Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 28.15%
Market growth 2022-2026	$ 653.59 million
Market structure	Fragmented
YoY growth (%)	27.99
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 62%
Key consumer countries	US, China, Japan, India, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Camtek Ltd., CyberOptics Corp., GOPEL electronic GmbH, Juzi Technology, Koh Young Technology Inc., Machine Vision Products Inc., MEK Europe BV, Mirtec Co. Ltd., Mycronic AB, Nanotronics, Nordson Corp., OMRON Corp., PARMI Co. Ltd., Saki Corp., Stratus Vision GmbH, Test Research Inc., Viscom AG, ViTrox Corp. Berhad, Wencor Group LLC, and ZhenHuaXing Technology ShenZhen Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this 3D Automated Optical Inspection (AOI) Equipment Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive 3D automated optical inspection (AOI) equipment market growth during the next five years
• Precise estimation of the 3D automated optical inspection (AOI) equipment market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the 3D automated optical inspection (AOI) equipment industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of 3D automated optical inspection (AOI) equipment market vendors

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