Pune, India -- (SBWIRE) -- 09/26/2016 -- According to the new market research report "Automated Optical Inspection System Market by Type (2D AOI Systems, 3D AOI Systems), Technology, Element, Application (Consumer Electronics, Telecommunication, Automotive, Medical Devices), and Geography - Global Forecast to 2022", the AOI system market is expected to reach USD 1,008.8 Million by 2022, at a CAGR of 17.1% between 2016 and 2022. The factors that are driving the growth of market include rising demand for high-quality electronic components, increased complexity of PCBs, increasing demand for consumer electronics, and proliferation of electronics in the automotive industry.

Automated optical inspection (AOI) uses an optical system that takes an image of a good assembly and compares the two images to detect catastrophic failure and defects related to quality. It is implemented at many stages through the manufacturing processes including post paste printing, post chip placement, post component placement, and post reflow solder. The AOI system market is expected to reach USD 1,008.8 million by 2022, at a CAGR of 17.1% between 2016 and 2022. The growth of this market is propelled by high demand for high-quality electronic components, increasing complexity of PCBs, and increasing demand for consumer electronics.

Sample Pages of the Report : http://www.marketsandmarkets.com/requestsample.asp?id=179056156

Camtek Ltd. (Israel), Nordson Corporation (U.S.), Omron Corporation (Japan), Orbotech Ltd. (Israel), and Saki Corporation (Japan) are some of the leading players in the AOI system market. New product launches & developments, agreements, collaborations, and partnerships are key strategies followed by the major players to gain a competitive edge in the market.

Omron Corporation (Japan) is a leading electronics manufacturing company which sells a range of control equipment, electronic components, automotive electronics, social infrastructure, and healthcare solutions. The industrial automation segment which provides inspection solutions is the biggest revenue generating segment for Omron Corporation. The company is one of the leaders in the 2D AOI system market, offering innovative inspection solutions. The company mainly focuses on strategies such as new product launches and product innovations to expand its market share and customer base. For instance, in January 2015, the company launched VT-S730, using new 3D-SJI technology capable of detecting defects at high speed making it an efficient inspection machine.

Koh Young Technology Inc. (South Korea) is a leading provider of 3D AOI systems. The company serves a large variety of electronic manufacturers in the circuit board assembly and semiconductor market. Koh Young Technology Inc. introduced the world's first 3D AOI system for the surface-mount technology (SMT) market, which has helped it to attain leadership position in the 3D measurement and inspection solutions market. The company has adopted strategies such as new product launches and developments, expansions, and contracts for its business expansion. In September 2015, Altest Corporation (U.S.) entered into a contract with Koh Young Technology Inc. (South Korea). Under the contract, Altest Corporation installed Koh Young's Zenith 2D AOI systems into their SMT PCBA (printed circuit board assembly) manufacturing process.

More Information of the Report : http://www.marketsandmarkets.com/Market-Reports/automated-optical-inspection-system-market-179056156.html

The other companies involved in the development of the AOI system market include Camtek Ltd. (Israel), Nordson Corporation (U.S.), Orbotech Ltd. (Israel), Saki Corporation (Japan), CyberOptics Corporation (U.S.), Daiichi Jitsugyo Co., Ltd. (Japan), Test Research Inc. (Taiwan), Viscom AG (Germany), AOI Systems (U.K.), Goepel Electronic GmbH (Germany), Machine Vision Products (U.S.), Mirtec Corporation (U.S.), and Vi Technology (France).

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