The in-circuit tester market size is projected to reach US$ 1.40 billion by 2030 from US$ 1.04 billion in 2022. The market is expected to register a CAGR of 3.8% during 2022–2030. Technological advancements and the growing usage of artificial intelligence (AI) and machine learning (ML) algorithms are likely to remain key trends in the market.
The in-circuit testing market is growing at a rapid pace due to the growing use of testers to detect manufacturing defects across various end-use industries and the increasing adoption of digital in-circuit testing. The market is expanding steadily, driven by expanding automotive and consumer electronics industries. Moreover, the growing demand for ultra-high-density interconnect PCBs, and the advent of 5G technology is providing lucrative opportunities for market growth.
In-circuit testing is used to detect errors and defects in the manufacturing of electronic circuits. This testing method is performed to detect numerous defects, including open connections, incorrect or missing components, and solder shorts. In-circuit testing works on the basic principle of evaluating electrical properties at specific spots on the PCB to ensure that each component behaves properly within the broader circuit. This rigorous evaluation of the PCB's integrity is critical in ensuring product quality. The method is used to verify the integrity and functionality of printed circuit boards (PCBs) and electrical circuits.
ICT uses advanced technology to test the various components on a PCB. Test probes are small, carefully manufactured pins that make contact with test spots on the board. These probes are attached to a test system that can apply voltages, measure currents, and monitor signals to assess the performance of resistors, capacitors, and integrated circuits.
Modern ICT systems include sophisticated software that enables exact control and automation of the testing process. This enables consistent and repeatable results across several boards and manufacturing runs. Furthermore, modern computers can examine test data to uncover tiny flaws that may not covered in the manual inspection process. Modern ICT systems can be tailored to the specific needs of individual PCBs and product lines. This flexibility means that the testing method is suited to the specific characteristics of each assembly.
A significant drive toward miniaturization currently characterizes the electronics sector. Components are becoming increasingly tiny, placing new demands on the design of the PCBs to which they are attached. This increases the demand for ultra-high-density interconnect PCBs for producing smaller and light-weight electronics devices. Moreover, the growing trend of product miniaturization increases the demand for ultra-high-density interconnect PCBs, creating opportunities in the market. In-circuit tester is highly essential to verify the function of each component by reducing the errors in compact spaces. Thus, the growing complexities of manufacturing miniaturized electronics surge the demand for high-density interconnect PCBs, creating growth opportunities for the market during the forecast period.
Key segments that contributed to the derivation of the in-circuit tester market analysis are type, product, portability, and end-use industry.
The geographic scope of the in-circuit tester market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific is projected to have the largest market share in the in-circuit tester market. The increase in population and urbanization has resulted in the need for vast infrastructure development, which has propelled the demand for electronics across the region. According to the Indian Electrical and Electronics Manufacturers' Association (IEEMA), the electricity generation capacity in India is anticipated to grow from 200 GW in 2010 to over 800 GW by 2032 to execute the increasing demand for power. Thus, there is a need for a huge investment of ~US$ 300 billion in the next 3–4 years in power equipment manufacturing, which will increase the demand for in-circuit testing of these equipment.
The regional trends and factors influencing the In-Circuit Tester Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses In-Circuit Tester Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1.04 Billion |
| Market Size by 2030 | US$ 1.40 Billion |
| Global CAGR (2023 - 2031) | 3.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The In-Circuit Tester Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the In-Circuit Tester Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The in-circuit tester market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the in-circuit tester market are listed below:
The “In-Circuit Tester Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The List of Companies - In-Circuit Tester Market
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Some of the customization options available based on the request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The global in-circuit tester market is estimated to register a CAGR of 3.8% during the forecast period 2022–2030.
The rising adoption of in-circuit testers in automotive electronic testing is the major factors that propel the global in-circuit tester market.
The key players holding majority shares in the global in-circuit tester market are Teradyne Inc, Digitaltest GmbH, inTEST Corporation, HIOKI E.E. CORPORATION, Keysight Technologies Inc, Konrad GmbH, Kyoritsu Test System Co., Ltd., SEICA SPA, SPEA S.p.A., and Test Research, Inc.
Technological advancements and the growing usage of artificial intelligence (AI) and machine learning (ML) algorithms to play a significant role in the global in-circuit tester market in the coming years.