Automated Optical Inspection System Market Trends To Reach $1,641 Million By 2024
The overall Automated Optical Inspection (AOI) System Market is expected to grow from USD 444 million by 2018 to USD 1,641 million by 2024, at a CAGR of 24.3%. The growth of the market is propelled by the growing demand for consumer electronics, increasing need for high-quality electronic components, and demand for higher productivity by electronics manufacturing services (EMS) companies. Market for inline AOI to grow at higher CAGR from 2018 and 2024 The AOI system market for inline AOI is expected to grow at a higher CAGR during the forecast period. Inline AOI systems offer a faster rate of PCB inspection, which is ideal for electronics manufacturing companies involved in high-volume production. Inline AOI systems can be strategically placed before or after the reflow process, depending on the requirements of manufacturers. Though the inline AOI systems are capable of faster inspection, they are difficult to program, and the manufacturers have to ensure the availabilit...