Automated Optical Inspection Market Size

Automated Optical Inspection Market size was valued at USD 1.16 billion in 2024 and is expected to exceed USD 13.39 billion by the end of 2037, expanding at over 20.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automated optical inspection is evaluated at USD 1.35 billion.

The growth of the market is due to industry 4.0 concepts being integrated, resulting in increased connectivity and data-driven insights in AOI. For instance, spending on the Internet of Things (IoT) in Europe surpassed USD 202 billion in 2021, according to the International Data Corporation's (IDC) Worldwide Semiannual Internet of Things Expenditure Guide. Through 2025, it is anticipated to rise at a double-digit rate. According to projections, the global annual generation of data is expected to surpass 180 trillion gigabytes by 2025. The industries that are enabled by IIoT will produce most of this.

In addition, AOI systems enable real-time error identification, guaranteeing the preservation of the product's quality. These systems can also give the operator feedback based on previous data and production statistics, which helps to streamline the manufacturing process and reduce expenses related to labor, supplies, and time. These factors should encourage market expansion and increase the use of AOI systems in the industrial sectors.