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Printed Circuit Board Inspection Equipment Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Printed Circuit Board Inspection Equipment Market
1. What is the Market Size & CAGR of Printed Circuit Board Inspection Equipment market in 2021?
The global printed circuit board inspection equipment market is anticipated to grow at a CAGR of 4.5% from 2021 to 2028. In 2021, the market size was estimated to be USD 2.1 billion.
2. COVID-19 Impact on the Printed Circuit Board Inspection Equipment Market
The COVID-19 pandemic has significantly impacted the printed circuit board inspection equipment market. Due to disruptions in the supply chain and restrictions on manufacturing operations, the market witnessed a temporary slowdown in 2020. However, with the gradual reopening of economies in 2021, the market has started to recover.
3. Printed Circuit Board Inspection Equipment Dynamics
The printed circuit board inspection equipment market is driven by advancements in technology, increasing demand for electronic products, and strict quality control regulations. The rise in automation and the adoption of Industry 4.0 practices have further boosted the demand for inspection equipment.
4. Segments and Related Analysis
The market can be segmented based on product type into optical inspection systems, X-ray inspection systems, and others. Optical inspection systems are expected to dominate the market due to their high accuracy and efficiency in identifying defects.
5. By Region Analysis
The market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to witness the highest growth rate due to the presence of major electronics manufacturing hubs in countries like China and India.
6. Key Market Players and Competitive Landscape
Key players in the printed circuit board inspection equipment market include Omron Corporation, Vision Engineering Ltd., Nordson Corporation, and Orbotech. These players focus on product innovation and strategic partnerships to maintain their market position.
7. Recent Happenings in the Printed Circuit Board Inspection Equipment Market
In a recent development, Omron Corporation launched a new automated inspection system with AI capabilities to enhance defect detection in printed circuit boards. This innovation is set to revolutionize the inspection process in the electronics industry.
