@Autowired vs @Required on setter

@Autowired annotation is used when you want to autowire a bean. @Autowired is not limited to setter. It can be used with a constructor and a field as well. If you use @Autowired annotation on a field, that field will be autowired with bean having matching data type.

@Required checks if a particular property has been set or not. If a field has been annotated with @Required annotation and that field is not set, you will get org.springframework.beans.factory.BeanInitializationException.

Refer:

Spring @Autowired usage

Recommended usage of Spring's @Required annotation

Edit: As pointed by 'kryger': field annotated with @Autowired is effectively also @Required (unless you explicitly set its parameter required to false). eg:

@Autowired(required=false)
private ObjectType objectType;

For a field that has been annotated @Autowired, if bean with matching data type in not available, org.springframework.beans.factory.BeanCreationException is thrown.

@Autowired is not the same as @Required.

The @Autowire-Annotation (as in your code-example), tells the ApplicationContext (a.k.a the Spring-IoC-Containter) to inject the desired dependency. (No matter how, if its by using annotations or the XML-File of the ApplicationContext).

The @Required-Annotation, tells the ApplicationContext that this property has to be mentioned in the XML-file (The XML-File of the ApplicationContext), which than leds to the dependency being injected by using the XML-File (or to an expection of course). But the Annotation on its own doesn't tell to inject the dependency! The injection is done because the property is mentioned in the XML-file. That's good to know, you may need it.

With mentioning the property in a XML-File I mean such a configuration for instance:

<bean id="MyClass" class="com.myclasses.common.MyClass">
     <property name="someProperty" value="ValueThatHasToBeInjected" />
</bean>

So why should I use it over the @Autowired-Annotation?

You should use it when the dependency has to be injected by the information in the XML-configuration file.

Can you give me an example?

Well, there is already a very good example on this website. where this is also explained.