Global Automatic PCB Inspection Market Analysis 2026-2031: Strategic AI Integration, IC Substrate Complexity, and the Surge in Smart Factory Automation
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The global Automatic PCB Inspection market has reached a critical technological inflection point as of March 2026. Historically viewed as a final quality-control gate, automatic inspection systems have evolved into integrated, data-driven intelligence hubs that dictate the yield and efficiency of the entire electronics manufacturing process. The market encompasses a sophisticated array of hardware and software solutions designed to detect defects in printed circuit boards (PCBs), flexible circuits (FPCB), and high-density IC substrates. As electronic components shrink to the micron scale and the complexity of multi-layer boards increases to support 5G-Advanced (5G-A) and Artificial Intelligence (AI) servers, the reliance on manual visual inspection has become obsolete, replaced by high-speed, high-resolution automated systems.
The current market landscape is defined by the rapid convergence of hardware precision and artificial intelligence. Manufacturers are no longer satisfied with simple defect detection; the industry is shifting toward "closed-loop" manufacturing, where inspection data is fed back to upstream printing and placement machines to prevent defects before they occur. The 2024-2025 period saw significant industry realignments through mergers and acquisitions, most notably by Mycronic, which expanded its portfolio through the acquisition of Modus High-Tech Electronics and RoBAT to secure leadership in both optical inspection and signal quality testing. Furthermore, the operationalization of ultra-modern "Smart Factories," such as JarnisTech’s Chongqing facility in 2025, has demonstrated that in-line AOI systems can improve inspection efficiency by up to six times compared to traditional methods.
The global Automatic PCB Inspection market size is estimated to be between 3.2 billion USD and 5.6 billion USD in 2026. Looking toward the future, the market is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.5% to 8.5% during the period from 2026 to 2031. This growth is underpinned by the insatiable demand for high-performance computing (HPC) infrastructure, the transition of the automotive industry toward autonomous and software-defined vehicles, and the increasing sophistication of mobile and wearable devices.
Product Type and Technological Evolution
The market is primarily segmented by the underlying technology used for inspection, with a clear trend toward 3D imaging and AI-enhanced processing.
Automated Optical Inspection (AOI): This remains the dominant segment. AOI systems use high-resolution cameras and specialized lighting (often multi-colored and multi-angled) to capture images of the board and compare them against a "Gold Board" or CAD data. The industry has largely transitioned from 2D AOI to 3D AOI, which provides volumetric measurements of solder joints, allowing for the detection of "hidden" defects like insufficient solder or component height variations. The integration of AI and proprietary neural networks—as seen in the expansion of firms like Delvitech into the chiplet sector—is significantly reducing "false call" rates, which has historically been the primary pain point for PCB fabricators.
Automatic Final/Visual Inspection (AFI/AVI): These systems are specialized for the final stage of the manufacturing process, focusing on cosmetic defects, surface finish quality, and the overall mechanical integrity of the finished board. In the high-end IC substrate market, AVI is increasingly critical to ensure that ultra-fine circuits and solder pads meet the stringent requirements of advanced chip packaging.
Signal Quality and Electrical Testing (Emerging Niche): While not traditional optical inspection, the acquisition of RoBAT by Mycronic in 2025 highlights a growing trend of integrating signal quality testing into the inspection workflow. This ensures that the high-speed data traces required for AI and 5G-A applications are electrically sound, going beyond mere visual confirmation.
Market Segmentation by Application
The utility of automatic inspection varies significantly across the three primary substrates of the electronics industry.
IC Substrate: This is currently the fastest-growing and highest-value application segment. IC substrates (such as ABF and BT substrates) provide the electrical connection between the silicon die and the PCB. As AI servers and high-performance GPUs move toward "chiplet" architectures and 2.5D/3D packaging, the line-width and space (L/S) of these substrates have dropped below 10 microns. This requires specialized, ultra-high-resolution inspection systems from players like KLA and CIMS, which can handle the extreme density and layering of these components.
PCB (Traditional Rigid and High-Density Interconnect): This segment covers the vast majority of consumer, industrial, and telecommunications electronics. The surge in AI server demand is forcing traditional PCB makers to upgrade their inspection lines to handle higher layer counts and more complex circuitry. High-Density Interconnect (HDI) boards used in smartphones remain a stable driver for high-speed AOI systems.
FPCB (Flexible PCB): Used extensively in foldable smartphones, wearables, and medical devices. Inspecting FPCBs is particularly challenging due to the flexibility and transparency of the substrates. Inspection systems in this segment must account for surface warping and provide non-contact measurements to prevent damaging the delicate polyimide films.
Regional Market Analysis
The geography of the Automatic PCB Inspection market is heavily influenced by the concentration of PCB fabrication hubs and the localization of high-end semiconductor packaging.
Asia-Pacific (APAC): Holding the dominant market share, estimated between 62% and 68% in 2026, APAC is the engine of the global market. Taiwan, China, remains the world’s most advanced hub for IC substrate and high-end PCB production, hosting major players like Machvision and Test Research Inc. (TRI). Mainland China is the global volume leader, with a massive push toward "Smart Manufacturing" and domestic equipment substitution, supported by local champions like Shenzhen JT, Wuhan Jingce, and 3i System. South Korea, led by firms like Koh Young and HB Technology, remains the global leader in 3D AOI innovation. The regional CAGR for APAC is estimated to be the highest at 7.0% to 9.0%, driven by the expansion of "smart factories" in Southeast Asia and India.
North America: Holding an estimated share of 14% to 18%, the North American market is focused on high-reliability sectors such as aerospace, defense, and medical electronics. The region’s market is characterized by a preference for high-precision, software-heavy systems from companies like Nordson and Viscom SE. The resurgence of domestic semiconductor manufacturing and the development of advanced packaging clusters in the US are providing a new growth stimulus for high-end inspection solutions.
Europe: Estimated at 12% to 16% share. The European market is heavily weighted toward the automotive and industrial automation sectors. European manufacturers like Viscom SE and Mycronic (following its German and UK acquisitions) are leaders in providing high-durability, highly integrated inspection solutions. The European market is characterized by strict quality standards and a high degree of customization for specialized industrial PCBs.
South America and Middle East & Africa (MEA): These regions represent the remaining market share. While currently smaller, they are seeing growth in secondary PCB assembly for consumer appliances and basic telecommunications infrastructure.
Supply Chain and Value Chain Analysis
The value chain of Automatic PCB Inspection is a complex synergy of optics, mechanical engineering, and computational science.
Upstream (Core Components and Software): The primary inputs include high-resolution industrial cameras, telecentric lenses, high-speed LED lighting, and precision motion-control stages. However, the most critical "upstream" value now lies in software—specifically AI algorithms, neural networks, and Big Data analytics. Companies that develop their own AI-driven inspection engines (like Delvitech) have a significant competitive advantage over those that rely on third-party vision software.
Midstream (System Integration and Equipment Manufacturing): This is where the core market players operate. They take the upstream components and integrate them into specialized machines. The "value-add" at this stage is the integration of the inspection system into the factory's Manufacturing Execution System (MES). The move toward "in-line" scanning, as seen in the JarnisTech plant, represents a peak of midstream engineering, where inspection happens in real-time without slowing down the production line.
Downstream (PCB Fabricators and EMS): The final tier consists of PCB manufacturers (like JarnisTech) and Electronic Manufacturing Services (EMS) providers. These firms use the equipment to ensure the quality of the boards they produce for end-users like NVIDIA, Apple, and automotive OEMs. The decision-making at this level is increasingly driven by the "Return on Investment" (ROI) calculated through yield improvement and labor savings.
Key Market Players
The market features a diverse mix of global semiconductor equipment giants, specialized optical firms, and rapidly emerging regional players.
KLA and CIMS: These are the heavyweights in the IC substrate and high-end PCB segment. KLA, with its deep semiconductor expertise, provides the most advanced inspection solutions for sub-10-micron circuitry.
Koh Young: A global pioneer in 3D AOI and Solder Paste Inspection (SPI). Koh Young’s systems are renowned for their volumetric measurement accuracy and are considered the gold standard in 3D inspection.
Mycronic: Following its strategic acquisitions of Modus and RoBAT between 2024 and 2025, Mycronic has become a dominant European force with a comprehensive portfolio covering optical inspection and signal integrity testing.
Viscom SE and Omron: Established leaders in the automotive and industrial electronics space, known for high-reliability systems and extensive support networks in Europe and North America.
Test Research Inc. (TRI) and Machvision: These Taiwan-based players are critical partners for the world's largest IC substrate and PCB fabricators, offering high-speed, cost-effective solutions for mass production.
Emerging Chinese Players: Companies like Shenzhen JT, Wuhan Jingce, 3i System, and ALeader Vision have capitalized on the massive Chinese domestic market to build scale. They are now moving up the value chain, offering AI-integrated systems that compete directly with Western and Korean counterparts.
Specialized AI Firms: Delvitech represents the new wave of "AI-first" inspection companies, utilizing neural networks and patented hardware to solve the complexities of microelectronics and chiplets.
Market Opportunities and Challenges
As the industry moves toward 2031, it faces a landscape of rapid innovation set against significant technical and economic hurdles.
Opportunities:
The 5G-A and AI Server Boom: Each AI server requires multiple high-layer-count PCBs and advanced IC substrates. This creates a massive replacement and upgrade cycle for inspection equipment that can handle extreme circuit density.
AI-Driven Yield Optimization: The move from simple defect detection to "AI-driven yield management" is a major opportunity. Systems that can identify the root cause of a defect and suggest adjustments to the printing or placement process will command premium prices.
The Chiplet and Advanced Packaging Revolution: As semiconductor scaling slows, the importance of the substrate (the "PCB" of the chip) increases. Inspection systems that can handle the micron-level L/S requirements of these new architectures are in high demand.
Smart Factory Integration: The shift toward fully autonomous, "lights-out" factories creates a requirement for inspection systems that can operate with zero human intervention and integrate seamlessly with robotic transport systems.
Challenges:
Technical Limits of Optics: As circuit features shrink toward the sub-micron level, traditional optical inspection reaches its physical limits. Manufacturers must invest in multi-spectral lighting and advanced sensors to maintain detection accuracy.
High Capital Cost: Advanced 3D AOI and IC substrate inspection systems are significant capital investments. For smaller PCB fabricators, the high cost of entry can be a barrier to modernization.
Data Overload and Processing Speed: In-line scanning at 6x manual efficiency generates massive amounts of data. Processing this data in real-time to make "pass/fail" decisions without slowing the production line requires immense computational power.
Global Supply Chain Volatility: The high concentration of PCB manufacturing in APAC makes the global electronics supply chain vulnerable to regional disruptions. This is driving a trend toward "near-shoring," requiring inspection vendors to establish support networks in new regions.
1.1 Study Scope 1
1.2 Research Methodology 2
1.2.1 Data Sources 3
1.2.2 Assumptions 5
1.3 Abbreviations and Acronyms 6
Chapter 2 Global Market Executive Summary 7
2.1 Automatic PCB Inspection Market Size and Forecast (2021-2031) 7
2.2 Market Segment Overview by Type and Application 9
2.3 Regional Market Highlights 11
2.4 Key Competitive Dynamics 13
Chapter 3 Manufacturing Process and Technology Analysis 15
3.1 Automatic PCB Inspection System Architecture 15
3.2 Core Inspection Technologies 17
3.2.1 Optical Imaging and Lighting Systems 18
3.2.2 AI and Deep Learning Algorithms in AOI 19
3.2.3 3D vs. 2D Inspection Capabilities 21
3.3 Patent Analysis and Innovation Trends 23
3.4 Production Cost Structure Analysis 25
Chapter 4 Global Automatic PCB Inspection Market by Type 27
4.1 Automated Optical Inspection (AOI) 27
4.2 Automated Final Inspection / Automated Visual Inspection (AFI/AVI) 31
Chapter 5 Global Automatic PCB Inspection Market by Application 34
5.1 IC Substrate 34
5.2 Printed Circuit Board (PCB) 37
5.3 Flexible Printed Circuit Board (FPCB) 40
Chapter 6 Global Automatic PCB Inspection Market by Region 43
6.1 North America 43
6.2 Europe 47
6.3 Asia-Pacific (including Taiwan (China)) 51
6.4 South America 55
6.5 Middle East and Africa 59
Chapter 7 Industry Chain and Value Chain Analysis 63
7.1 Value Chain Status 63
7.2 Upstream Component Analysis (High-speed Cameras, Lenses, Sensors) 65
7.3 Downstream PCB Manufacturers and EMS Analysis 67
7.4 Logistics and Distribution Network 69
Chapter 8 Competitive Landscape 71
8.1 Global Top Players Market Share (2021-2026) 71
8.2 Global Top Players Revenue Ranking 73
8.3 Mergers, Acquisitions, and Capital Expansion 75
Chapter 9 Key Player Profiles 77
9.1 KLA 77
9.1.1 Company Introduction 77
9.1.2 SWOT Analysis 78
9.1.3 KLA Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 79
9.1.4 R&D Strategy and Advanced Node Development 80
9.2 CIMS 81
9.2.1 Company Introduction 81
9.2.2 SWOT Analysis 82
9.2.3 CIMS Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 83
9.3 Koh Young 85
9.3.1 Company Introduction 85
9.3.2 SWOT Analysis 86
9.3.3 Koh Young Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 87
9.4 Shirai 89
9.4.1 Company Introduction 89
9.4.2 SWOT Analysis 90
9.4.3 Shirai Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 91
9.5 Omron 93
9.5.1 Company Introduction 93
9.5.2 SWOT Analysis 94
9.5.3 Omron Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 95
9.6 Screen 97
9.6.1 Company Introduction 97
9.6.2 SWOT Analysis 98
9.6.3 Screen Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 99
9.7 Viscom SE 101
9.7.1 Company Introduction 101
9.7.2 SWOT Analysis 102
9.7.3 Viscom Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 103
9.8 HB TECHNOLOGY 105
9.8.1 Company Introduction 105
9.8.2 SWOT Analysis 106
9.8.3 HB TECHNOLOGY Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 107
9.9 Nordson 109
9.9.1 Company Introduction 109
9.9.2 SWOT Analysis 110
9.9.3 Nordson Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 111
9.10 V-ONE TECH 113
9.10.1 Company Introduction 113
9.10.2 SWOT Analysis 114
9.10.3 V-ONE TECH Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 115
9.11 Utechzone 117
9.11.1 Company Introduction 117
9.11.2 SWOT Analysis 118
9.11.3 Utechzone Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 119
9.12 Test Research Inc. (TRI) 121
9.12.1 Company Introduction 121
9.12.2 SWOT Analysis 122
9.12.3 TRI Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 123
9.13 Favite Inc 125
9.13.1 Company Introduction 125
9.13.2 SWOT Analysis 126
9.13.3 Favite Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 127
9.14 Machvision 129
9.14.1 Company Introduction 129
9.14.2 SWOT Analysis 130
9.14.3 Machvision Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 131
9.15 Shenzhen JT 133
9.15.1 Company Introduction 133
9.15.2 SWOT Analysis 134
9.15.3 Shenzhen JT Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 135
9.16 Wuhan Jingce 137
9.16.1 Company Introduction 137
9.16.2 SWOT Analysis 138
9.16.3 Wuhan Jingce Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 139
9.17 3i System 141
9.17.1 Company Introduction 141
9.17.2 SWOT Analysis 142
9.17.3 3i System Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 143
9.18 Dongguan Mento 145
9.18.1 Company Introduction 145
9.18.2 SWOT Analysis 146
9.18.3 Dongguan Mento Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 147
9.19 Beijing StarRiver 149
9.19.1 Company Introduction 149
9.19.2 SWOT Analysis 150
9.19.3 StarRiver Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 151
9.20 ALeader Vision 153
9.20.1 Company Introduction 153
9.20.2 SWOT Analysis 154
9.20.3 ALeader Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 155
9.21 ZhenHuaXing 157
9.21.1 Company Introduction 157
9.21.2 SWOT Analysis 158
9.21.3 ZhenHuaXing Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 159
9.22 ALL RING TECH 161
9.22.1 Company Introduction 161
9.22.2 SWOT Analysis 162
9.22.3 ALL RING Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 163
9.23 SynPower 165
9.23.1 Company Introduction 165
9.23.2 SWOT Analysis 166
9.23.3 SynPower Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 167
Chapter 10 Regional Consumption and Demand Analysis 169
10.1 North America Demand for Advanced Substrate Inspection 169
10.2 Europe: High-End Automotive and Industrial PCB Markets 171
10.3 Asia-Pacific: China and Taiwan (China) Consumer Electronics Dominance 173
Chapter 11 Market Strategy and Sales Channel 175
11.1 Marketing and Branding Channel Analysis 175
11.2 Direct Sales vs. Distributor Channel Comparison 177
Chapter 12 Conclusion 179
Table 2. List of Abbreviations and Acronyms 6
Table 3. Global Automatic PCB Inspection Revenue (USD Million) by Region (2021-2026) 8
Table 4. Global Automatic PCB Inspection Revenue Forecast (USD Million) by Region (2027-2031) 8
Table 5. Major Suppliers of Inspection System Components 65
Table 6. Global Automatic PCB Inspection Revenue by Type (USD Million), 2021-2031 28
Table 7. Global Automatic PCB Inspection Revenue by Application (USD Million), 2021-2031 35
Table 8. North America Automatic PCB Inspection Market by Country (USD Million), 2021-2031 44
Table 9. Europe Automatic PCB Inspection Market by Country (USD Million), 2021-2031 48
Table 10. Asia-Pacific Automatic PCB Inspection Market by Country/Region (USD Million), 2021-2031 52
Table 11. Taiwan (China) Market Size and Growth Forecast (2021-2031) 53
Table 12. Global Top Players Automatic PCB Inspection Revenue Ranking (2025) 73
Table 13. KLA Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 79
Table 14. CIMS Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 83
Table 15. Koh Young Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 87
Table 16. Shirai Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 91
Table 17. Omron Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 95
Table 18. Screen Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 99
Table 19. Viscom Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 103
Table 20. HB TECHNOLOGY Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 107
Table 21. Nordson Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 111
Table 22. V-ONE TECH Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 115
Table 23. Utechzone Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 119
Table 24. TRI Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 123
Table 25. Favite Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 127
Table 26. Machvision Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 131
Table 27. Shenzhen JT Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 135
Table 28. Wuhan Jingce Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 139
Table 29. 3i System Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 143
Table 30. Dongguan Mento Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 147
Table 31. StarRiver Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 151
Table 32. ALeader Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 155
Table 33. ZhenHuaXing Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 159
Table 34. ALL RING Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 163
Table 35. SynPower Automatic PCB Inspection Revenue, Cost and Gross Profit Margin (2021-2026) 167
Figure 1. Global Automatic PCB Inspection Revenue (USD Million), 2021-2031 7
Figure 2. Automatic PCB Inspection Technology Roadmap 17
Figure 3. Global Market Share by Type in 2026 (%) 27
Figure 4. Global Market Share by Application in 2026 (%) 34
Figure 5. North America Market Growth Rate (2021-2031) 43
Figure 6. Europe Market Growth Rate (2021-2031) 47
Figure 7. Asia-Pacific Market Growth Rate (2021-2031) 51
Figure 8. Automatic PCB Inspection Industry Value Chain 63
Figure 9. Global Top 5 Players Market Share in 2025 (%) 72
Figure 10. KLA Automatic PCB Inspection Market Share (2021-2026) 79
Figure 11. CIMS Automatic PCB Inspection Market Share (2021-2026) 83
Figure 12. Koh Young Automatic PCB Inspection Market Share (2021-2026) 87
Figure 13. Shirai Automatic PCB Inspection Market Share (2021-2026) 91
Figure 14. Omron Automatic PCB Inspection Market Share (2021-2026) 95
Figure 15. Screen Automatic PCB Inspection Market Share (2021-2026) 99
Figure 16. Viscom Automatic PCB Inspection Market Share (2021-2026) 103
Figure 17. HB TECHNOLOGY Automatic PCB Inspection Market Share (2021-2026) 107
Figure 18. Nordson Automatic PCB Inspection Market Share (2021-2026) 111
Figure 19. V-ONE TECH Automatic PCB Inspection Market Share (2021-2026) 115
Figure 20. Utechzone Automatic PCB Inspection Market Share (2021-2026) 119
Figure 21. TRI Automatic PCB Inspection Market Share (2021-2026) 123
Figure 22. Favite Automatic PCB Inspection Market Share (2021-2026) 127
Figure 23. Machvision Automatic PCB Inspection Market Share (2021-2026) 131
Figure 24. Shenzhen JT Automatic PCB Inspection Market Share (2021-2026) 135
Figure 25. Wuhan Jingce Automatic PCB Inspection Market Share (2021-2026) 139
Figure 26. 3i System Automatic PCB Inspection Market Share (2021-2026) 143
Figure 27. Dongguan Mento Automatic PCB Inspection Market Share (2021-2026) 147
Figure 28. StarRiver Automatic PCB Inspection Market Share (2021-2026) 151
Figure 29. ALeader Automatic PCB Inspection Market Share (2021-2026) 155
Figure 30. ZhenHuaXing Automatic PCB Inspection Market Share (2021-2026) 159
Figure 31. ALL RING Automatic PCB Inspection Market Share (2021-2026) 163
Figure 32. SynPower Automatic PCB Inspection Market Share (2021-2026) 167
Figure 33. Global Average Selling Price Trend (USD/Unit) 177
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.

1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.

Bottom-up approach size the objective market by collecting the sub-segment information.

2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.

- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.

- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.

3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.

4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.

- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
| Primary Sources | Secondary Sources |
|---|---|
| Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |