Global Printed Circuit Board (PCB) Inspection Equipment Market Size By Product Type (Automatic Optical Inspection, Automatic X-ray Inspection), By End-User (Commercial, Industrial, Automotive), By Geographic Scope And Forecast

Printed Circuit Board (PCB) Inspection Equipment Market Size And Forecast

Printed Circuit Board (PCB) Inspection Equipment Market size was valued at USD 4.41 Billion in 2024 and is projected to reach USD 13.78 Billion by 2031, growing at a CAGR of 15.30% from 2024 to 2031.

An increase in usage of automated PCB inspection in consumer electronics and automotive and rise in use of X-ray systems for inspections owing to the advent of BGAs, chip-scale packages, and flip-chips are the major key factors propelling the market growth. The Global Printed Circuit Board (PCB) Inspection Equipment Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Printed Circuit Board (PCB) Inspection Equipment Market Definition

A printed Circuit Board (PCB) is an integrated circuit that is used in the electronics manufacturing and production process to detect faults. It senses the faults immediately so that they are corrected on time. The PCB inspection equipment requires cameras, X-rays, and ultrasonic and UV radiation to detect the defects in PCBs. Various equipment ensures the quality and efficiency of PCBs like automatic optical inspection, automatic X-ray inspection, SAM Modules, and thermography modules. The Printed Circuit Board (PCB) Inspection Equipment Market may witness during the forecast period due to increasing demand for automated inspection systems in the manufacturing process.

With the rapid advancements in technology, electrical and mechanical faults can be identified during the manufacturing of electronics components. For instance, in cars, PCBs are highly responsible for the use of LED lights, engines, mirror controls, displays, and entertainment systems. Such accessories demanded by customers further propel the demand for PCB inspection equipment. At the beginning of 2020, the COVID-19 disease began to spread worldwide, millions of people worldwide were infected with COVID-19 disease, and major countries around the world have implemented foot prohibitions and work stoppage orders.

Except for the medical supplies and life support products industries, most industries are severely impacted, and the Printed Circuit Board (PCB) Inspection Equipment industries have been greatly affected. As the density and diversity of PCBs are increasing due to improvements in production technology, there is a need for accurately identifying defects on PCBs, apart from manual vision inspection. Machine inspection methods help in forming a better quality and higher yield of the PCB. Demand for miniaturization has led to the increasing complexity of PCB design and has led to a proportional failure rate of PCB inspection, which is challenging the market demand.

Global Printed Circuit Board (PCB) Inspection Equipment Market Overview

An increase in usage of automated PCB inspection in consumer electronics and automotive and a rise in the use of X-ray systems for inspections due to the advent of BGAs, chip-scale packages, and flip-chips are the main factors propelling the market growth. Moreover, key players are slowly emerging with offerings related to PCB inspection which drives the market. For instance, in May 2019, Vision Engineering launched LVC400, the first fully automated 3-axis video measurement system. Furthermore, the rising complexity in fault detection due to the mounting of miniaturized components is a challenge for this market. However, high installation and maintenance costs may hinder the Printed Circuit Board (PCB) Inspection Equipment Market growth.

Factors such as the increase in usage of automated PCB inspection in automotive & consumer electronics and the rise in the use of X-ray systems for inspections are the major key drivers for the market. High installation and maintenance costs hamper the Printed Circuit Board (PCB) Inspection Equipment Market growth globally. The emergence of Industry 4.0 and advances in the manufacturing process of PCBs create lucrative opportunities for the expansion of the market. The use of PCBs in connected vehicles may increase the growth of Printed Circuit Board (PCB) Inspection Equipment Market Size. Connected vehicles are fitted with wired and wireless technology that allows them to be easily get attached to computing devices such as smartphones. Using such technology, drivers can unlock their vehicles, start and operate the vehicle remotely, test the battery status of their electric cars, and monitor their vehicles using smartphones.

Major companies holding significant market shares in the Global Printed Circuit Board (PCB) Inspection Equipment Market are analyzed considering their market revenue, market shares, business strategies, recent developments, and growth rates. Recent events for these companies as the new solution and product launches, research initiatives, acquisitions, geographical expansions, and technological advancements are considered in finalizing their position in the Printed Circuit Board (PCB) Inspection Equipment Market player positioning. The information provided in the Printed Circuit Board (PCB) Inspection Equipment Market research study is helpful for all the key stakeholders of the printed circuit board (PCB) inspection equipment value chain and technology ecosystem.

Global Printed Circuit Board (PCB) Inspection Equipment Market Segmentation Analysis

The Global Printed Circuit Board (PCB) Inspection Equipment Market is Segmented on the basis of Product Type, End-User, And Geography.

Printed Circuit Board (PCB) Inspection Equipment Market, By Product Type

• Automatic Optical Inspection
• Automatic X-ray Inspection
• Others

Based on Product Type, The market is classified into Automatic Optical Inspection, Automatic X-ray Inspection, and Others.

Printed Circuit Board (PCB) Inspection Equipment Market, By End-User

• Commercial
• Industrial
• Automotive
• Others

Based on End-User, The market is classified into Commercial, Industrial, Automotive, and Others.

Printed Circuit Board (PCB) Inspection Equipment Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Geography, The Global Printed Circuit Board (PCB) Inspection Equipment Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The demand for PCB has been witnessing the highest growth in the Asia-Pacific region, mainly due to growth in China. According to the International Electronics Industry Association (IPC) data, PCB capacity in Greater China accounted for 63.6% of the world in 2017.

Key Players

• The "Global Printed Circuit Board (PCB) Inspection Equipment Market" study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Cognex Corporation, Gardien Services Inc, Manncorp Inc., Nordson YESTECH Inc, Omron Electronics LLC, Vision Engineering Inc, and ViTrox Corp Bhd., and Ibiden

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• October 2019 - Inspectis AB will be presenting its full range of video microscope inspection and accessories, including 4K range inspection products for PCB electronics, at productronica, Germany.
• May 2019 - Vision Engineering launched LVC400, the first fully automated 3-axis video measurement system It is ideal for automated measurement and PCB inspection.