Data Storage

Automated optical inspection (AOI) system market to witness a double-digit CAGR over 2018-2024, automation applications to drive the industry expansion

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Rapid industrialization and increased demand for electronic components has propelled the automated optical inspection (AOI) system market expansion, with rise in consumption of automotive and consumer electronics. AOI systems have gained immense momentum for fast and accurate inspection of electronics assembly lines to facilitate the production of only the highest quality PCBs and surface-mount devices. Constant innovations in smartphone technologies and automotive electronics has reinforced the need for lowering time and cost of production, necessitating the involvement of the AOI system industry. Estimated to have recorded earnings of more than US$500 million in 2017, the global AOI system market will experience an accelerated growth rate from augmented industrial automation.

U.S. automated optical inspection (AOI) system market, by end-use, 2017 & 2024 (USD Million)
U.S. automated optical inspection (AOI) system market, by end-use, 2017 & 2024 (USD Million)

Automation has been a trending process among manufacturers around the world, and more factories are expected to be completely automated in the near future with advancements in communication and robotics. As the field of electronics production get more competitive, achieving the balance between manufacturing speed and quality through automation is considered to be a major factor for success. The AOI system industry is crucial in providing powerful solutions to help manufacturers monitor processes and greatly improve their overall quality. AOI systems can now be integrated with robots, pneumatics and other process components to offer precision quality control.

Increasing focus on consumer protection and the need for reducing the costs involved in 100% inspection process will further bolster the AOI system market. 100% inspection is critical for segments where a human life could be put at risk, for instance medical devices, portable electronics and automobiles. A while back, certain smartphone product launched by Samsung was under scrutiny due to exploding batteries which endangered the users while being charged or operated. It was found out that the leading cause of explosions was improper assembly of batteries, stressing the importance of inspection in automation. Experts believe the company could have avoided this fiasco by adopting quality inspection systems, such as AOI, for inspecting all batteries and not just samples.

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Speaking further on the significance of the AOI system market, electronic components are becoming smaller in size, making it difficult to perform accurate and fast checks manually. PCBs for different applications require hundreds of parts to be soldiered or mounted on them in a short period of time, needing AOI systems to inspect each and every part, either in pre-manufacturing stages or post-production. Many global industries are adopting fully-automated manufacturing processes for not only PCB production but also cars and consumer electronics. Subsequently, the AOI system industry will witness robust demand over the coming years.

To elaborate, Volkswagen recently announced that it would be construction its electric vehicle manufacturing facility near Shanghai, China, where fully-electric SUVs and other e-vehicles will be made. The company said the new facility will consist mainly of robots, around 1,400 of them, and will be operational by 2020. The expected 300,000 per year capacity of the factory represents extremely high

levels of automation that will be implemented and signifies a key application area for the AOI system market. Government rules and international standards regarding vehicle quality and safety have boosted the demand for advanced AOI systems, as they can match the complexity and speed of automated manufacturing.

Over the years, AOI systems have been optimized to collect data and provide feedback so that the manufacturing process can be improved, and any suitable adjustments are made. When used during the assembly or soldering process, AOI helps to inspect the quality of the product as it is being made, which considerably lowers the need for post-production inspections. The AOI system industry can benefit from the tremendous development in optical sensors and miniaturization of inspection cameras. The enormous opportunities for the implementation of AOI can be surmised from industry estimates which peg the global process automation segment to be valued at nearly USD 50.3 billion by 2020.

As more companies look towards AOI for ensuring a fast, reliable and cost-efficient quality control in manufacturing and process automation, the AOI system market is anticipated to register a 12% CAGR between 2018 and 2024. Viscom AG, Cyberoptics Corporation, AOI Systems, Nordson, ASC International, Omron Corporation and Kurtz Ersa, are some key players outlining the AOI industry dynamics. Compliance with evolving engineering standards and demand for higher quality of products will drive innovations in AOI technology.

Author Name :Pankaj Singh


Government applications to prominently drive LiDAR market growth over 2016-2023

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Rising urbanization and infrastructural developments have noticeably stimulated global LiDAR market size over the recent years. Increasing number of projects along with high degree of efficiency and multi-viewpoint data collection worldwide are poised to bring interesting developments in the LiDAR industry trends. According to report by Global Market Insights, Inc., “ LiDAR Market share is predicted to surpass a revenue of USD 1.1 billion by 2023.” Emerging technological advancement such as optically extended MEMS (micro-electro-mechanical system) scanning mirror will boost the demand for LiDAR technology across low-altitude and light weight flying platforms.

A few of the major applications catered by Light Detection and Ranging technology include civil engineering, government, military & defense, corridor mapping, and topographical survey. LiDAR market share in the corridor mapping applications will witness a CAGR of 21.5% over the coming six years.

The expanding civil sector will further lucratively influence the LiDAR industry outlook.  The capability of LiDAR to provide high accuracy and detail local elevation data while surveying roads and construction projects will drive the application demand. Moreover, increasing implementations of this technology across the government sector will catalyze LiDAR market revenue over the coming period. As per the study, the government sector will lead the application landscape with revenue over USD 340 million by 2023.

China , by application, 2012 – 2023 (USD Million)
China , by application, 2012 - 2023 (USD Million)

LiDAR market will also attain noticeable surge owing to the revenue generated from its products such as mobile, airborne, terrestrial, and short range technologies. Airborne LiDAR market dominated the product landscape by accounting for of 40% the total share in 2015 and is projected to surpass a revenue of USD 400 million by 2023. The growth can be attributed to the implementation of advanced technological features such as multi-target capability and full waveform analysis in airborne mapping.

Mobile LiDAR market will grow significantly with a CAGR of 22% from 2016 to 2023. Increasing usage of mobile mapping across wind projects, transportation agencies, and urban data acquisition will drive mobile LiDAR market.

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Laser scanner will exhibit a CAGR of more than 17% over the period of 2016-2023, owing to its growing application in 3D scanning market and imaging maneuvers. Moreover, Data storage & management system, navigation, and GPS components will contribute positively towards LiDAR industry growth.

Considering the global trends, Asia Pacific LiDAR market is estimated to exceed a revenue of USD 470 million by 2023, primarily driven by increasing low-cost manufacturing activities across the region. Huge investment by stakeholders in this region coupled with growing product launches further influence the regional growth.

US will contribute significantly towards North America LiDAR market share and is predicted to witness a growth rate of 9.3% over the mentioned timeframe. The increase in industrial automation and rising adoption of 3D imagery by US government are the major driving factors of North America LiDAR industry outlook.

Technological advancement in GPS and inertial navigation will drive Europe LiDAR market. Civil and corridor mapping will be the major application areas in the Europe, owing to the massive requirement for security systems in commercial areas such as airports, hospitals, and hotels.

Key market players are poised to offer advanced and cost-effective solutions to sustain their position in the LiDAR business. Heavy investment and strategic alliances will characterize the LiDAR market size over the coming six years. Key industry participants include Renishaw, Faro Technologies, Leica Geosystems, Intermap Technologies, Trimble Navigation, RIEGL, 3D Laser Mapping Ltd, Aerometric.

Author Name : Sunil Hebbalkar