Automated Optical Inspection System (AOI) Market Automated Optical Inspection System (AOI) Market | Page 2

Offline AOI and inline AOI systems are the enhanced technology used that could be explored in an automated
optical inspection system (AOI) in the forecast period. Based on elements, computer, camera, software, lighting,
and other systems could classify automated optical inspection system (AOI) in the forecast period.
The market may be categorized based on applications like energy & power, aerospace & defense,
telecommunication, automotive, medical devices, consumer electronics, industrial electronics, and others could
be explored in the forecast period. The automotive sector accounted for the substantial market share of the
automated optical inspection system (AOI) and is estimated to continue its dominance in the years to come. The
reason could be high demand for enhanced electronics components like airbags, advanced driver assistance
system (ADAS), and braking systems. Medical devices and consumer electronics follow the suit.
Globally, Asia Pacific accounted for the substantial market share of the automated optical inspection system
(AOI) and is estimated to lead the overall market in the years to come. The reason behind the overall market
growth could be the availability of low-cost labor, low production cost, and business-friendly surrounding. The
developing countries like India and China are the major consumers of the automated optical inspection system
(AOI) in this region.
Europe and North America are also estimated to have a positive influence on future growth. North America is
the second largest region with significant market share. The aspects that may be ascribed to the growth
comprise the presence of developed electronics infrastructure and acceptance of enhanced technology by the
populace. However, Europe is estimated to grow at the highest CAGR in the forecast period.
The key players of automated optical inspection system (AOI) market are Viscom AG, Omron Corporation, Koh
Young Technology Inc., Orbotech Ltd., and Nordson Corporation. These players are concentrating on inorganic
growth to sustain themselves amidst fierce competition.
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