In-Circuit Tester Market Size Report, Share and Industry Analysis 2030

In-Circuit Tester Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product (In-Line Tester and Multimode Flying Probe Tester), Portability (Non-Portable and Portable), Industry (Consumer Electronics, Automotive, Medical Equipment, Aerospace and Defense, and Others)

  • Report Code : TIPRE00020760
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 195
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The in-circuit tester market size is valued at US$ 1.04 billion in 2022 and is expected to reach US$ 1.40 billion by 2030; it is estimated to record a CAGR of 3.8% from 2022 to 2030.

Analyst Perspective:

In-circuit testing (ICT) is a way of testing the performance and quality of printed circuit boards (PCB). While there are numerous types of PCB testing, ICT focuses on important testing capabilities that assist manufacturers in determining if their components and units function and fulfill product specifications and capabilities. Systems in the in-circuit tester market provide basic PCB testing for a variety of manufacturing flaws and electrical functionalities. While many manufacturers employ highly experienced workers and use automated technology, testing can aid in the detection of important mistakes that preserve unit function and quality. This testing approach combines custom-designed hardware with specially developed software to produce highly specialized testing that is limited to a single PCB type.

In-Circuit Tester Market Overview:

In-circuit testing is an effective method for detecting manufacturing defects in electronic circuits, such as incorrect or missing components, open connections, and solder shorts. These tests aid in the inspection of integrated circuits using unique probes that do not meddle with or disturb the delicate workings of the PCB. In-circuit testing has been increasingly important in recent years as a result of expanded manufacturing operations across industries to meet the growing demand for diverse electronic products from across the world. In-circuit testing (ICT) is a method for verifying the integrity and functionality of electrical circuits and printed circuit boards (PCBs). It assists manufacturers in identifying whether or not their circuits and components meet product specifications and quality standards. In-circuit testing involves applying test signals to specific spots on the PCB to verify the electrical response of individual components.

Moreover, systems in in-circuit tester market provide various advantages, including quick and efficient testing, good fault coverage, measurable results, and cost-effective operation. It aids in the delivery of quality products that are less prone to defects by ensuring compliance with quality standards and industrial rules.

The in-circuit tester market is growing due to the growing demand for fast PCB testing systems, increasing adoption of systems in in-circuit tester market in automotive electronic testing, and rising use of testers to detect manufacturing defects across various end-use industries such as medical and consumer electronics. Moreover, opportunities, such as the rise of Industry 4.0, the growing investment in the R&D activities of the systems in in-circuit tester market, and the increasing use of AI and ML will fuel the market growth in coming years.

The global in-circuit tester market is segmented based on product, portability, type, end use, and geography. Based on product, the trade promotion management software market is segmented into multimode flying probe tester and in-line tester. In terms of portability, the in-circuit tester market is segmented into potable and non-portable. Based on type, the market is segmented into analog and mixed. Based on end use industry, the market is segmented into consumer electronics, automotive, medical equipment, aerospace & defense, and others. In terms of geography, the global market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

Teradyne Inc.; inTEST Corporation; Digitaltest GmbH; Hioki E.E. Corporation; Keysight Technologies; Konrad GmbH; Kyoritsu Test System Co, Ltd; S.E.I.C.A. S.p.A; SPEA S.p.A; and Test Research, Inc. are among the key players that were profiled during this study of the in-circuit tester market. Additionally, several other important market players were studied and analyzed during this research study to get a holistic view of the ecosystem.

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In-Circuit Tester Market: Strategic Insights

in-circuit-tester-market
Market Size Value inUS$1.04 billion in 2022
Market Size Value byUS$1.40 billion by 2030
Growth rateCAGR of 3.8% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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In-Circuit Tester Market Driver:

Adoption of Industry 4.0 Drives In-Circuit Tester Market Growth

The Fourth Industrial Revolution, or 4IR or 4.0, is driven by disruptive trends comprising the rise of data and connectivity, analytics, human-machine interaction, and improvements in robotics. Advancements in printed circuit board (PCB) design and the automation of PCB assembly have played a pivotal role in the quality and mass production of a wide range of electronic devices, equipment, and systems. In domestic products, printed circuit boards dictate the functions of smart refrigerators and dishwashers, smartwatches and smart TVs, and home systems such as HVAC, water, and lights. In modern commercial construction, IoT comprises sensors and controllers that automatically optimize energy usage, monitor security and surveillance, and keep track of scheduled facility maintenance. Modern manufacturing uses unseen printed circuit boards that enable smart robotics and factory automation located deep within machines performing extremely fast-paced or dangerous tasks.

Furthermore, the growing adoption of Industry 4.0 and the rising demand for smart manufacturing are boosting the requirement for PCBs. These trends highlight the importance of modern testing solutions in ensuring the quality and reliability of PCBs in the connected and intelligent manufacturing era. As the PCB industry continues to grow, it provides a growth opportunity for the in-circuit tester market, as in-circuit testers are frequently used in PCBs.

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In-Circuit Tester Market Segmental Analysis:

Based on type, the in-circuit tester market is segmented into analog and mixed. Systems in the in-circuit tester market have been the workhorse of the manufacturing industry for more than 40 years. It is still the most economical way to identify the largest range of process and component defects on the manufacturing line. Analog testing of passive components is as important as ever because of their increased usage. Understanding the principles behind analog testing is invaluable in generating stable tests that can hold up to high-volume PCB manufacturing. Therefore, considering the above parameters, the analog segment is gaining traction in the market.

electronics-and-semiconductor
In-Circuit Tester Market Segmental Analysis:
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In-Circuit Tester Market Regional Analysis:

The Europe market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The demand for electric vehicles is growing in the region. The number of newly registered electric cars in Germany has sharply climbed in recent years. According to the federal motor transport authority Kraftfahrt-Bundesamt (KBA), there were 366,234 new electric car registrations from January to November of 2022. The first plant of the electric vehicle manufacturer Tesla in Europe opened its doors in March 2022 in Grünheide, close to Berlin, Germany. With initial intentions to create 1,000 vehicles per week at the six-week mark, increasing to 5,000 per week by the end of 2022, the factory is planning to produce 500,000 automobiles yearly at full capacity. Since PCBAs are a crucial part of electric vehicles, these advances will increase demand for them. The in-circuit tester is used to check the continuity of connections in PCB components, and the growth of PCBs will create a lucrative opportunity for the growth of the in-circuit tester market.

Moreover, Europe is the major producer of medical devices, with France being the second-largest market for medical devices after Germany. The word "medical device" encompasses a wide range of applications, from MRI scanners to syringes and other small devices to large installations. Nearly 1,300 businesses operate in this field in France. 89% of the 1,300 businesses in France are SMEs, accounting for 92% of all businesses. As of 2023, the rehabilitation sub-sector represents roughly 25% of the total medical device market in France. Printed circuit boards have huge applications in medical devices. Thus, growth in the medical device industry is boosting the growth of the in-circuit tester market. Germany is a prominent player in electronic product manufacturing. The European PCB manufacturing industry is seeing significant investments in capacity growth and technology advancements. Several players in Germany are investing in PCB production. For instance, in September 2022, Unimicron Germany, based in Geldern (North Rhine-Westphalia), invested US$ 12.89 million in a new building and the most up-to-date high-tech PCB production technologies. The company claims that the investment would enable it to strengthen its position as a forerunner in printed circuit board technology and sustainability further. The growing production of PCBs will significantly contribute to the growth of the in-circuit tester market.

In-Circuit Tester Market Key Player Analysis:

Teradyne Inc., inTEST (Acculogic Inc.), Digitaltest GmbH, Hioki E.E. Corporation, Keysight Technologies, Konrad GmbH, Kyoritsu Test System Co., Ltd., Seica S.p.A., SPEA S.p.A., and Test Research, Inc. are among the key players operating in the in-circuit tester market.

Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies operating in the in-circuit tester market. A few recent key in-circuit tester market developments are listed below:

  • In December 2021, inTEST Corporation acquired Acculogic, Inc to enhance its electronic test product portfolio by expanding its global reach.
  • In November 2020, Hioki E.E. Corporation launched In-Circuit Tester FA1220-02 to improve productivity in board testing and production environments. FA1220-02 is an in-circuit tester that allows a space-saving design system to generate pass/fail judgments for circuit boards.
  • In November 2023, Keysight Technologies Inc launched the i3070 Series 7i in-line test system, an automated in-circuit test system that enables manufacturers to meet the complex test demands of larger node count economically printed circuit board assembly (PCBAs) by increasing capacity and throughput.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, Portability, Application, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the incremental growth of the global in-circuits tester market during the forecast period?

The incremental growth expected to be recorded for the global in-circuits tester market during the forecast period is US$ 361.8 million.

What will be the market size of the global in-circuits tester market by 2030?

The global in-circuits tester market is expected to reach US$ 1.40 billion by 2030.

Which are the key players holding the major market share of the global in-circuits tester market?

The key players holding majority shares in the global in-circuits tester market are Keysight Technologies, Teradyne Inc., Hioki E.E. Corporation, Test Research, Inc., Seica S.p.A..

What are the future trends of the global in-circuits tester market?

The use of artificial intelligence and machine learning, which is anticipated to play a significant role in the global in-circuits tester market in the coming years.

What are the driving factors impacting the global in-circuits tester market?

Increasing demand for fast printed circuit board testing systems, rising adoption of in-circuit testers in automotive electronic testing are the major factors that propel the global in-circuits tester market.

What is the estimated market size for the global in-circuits tester market in 2022?

The global in-circuits tester market was estimated to be US$ 1.04 billion in 2022 and is expected to grow at a CAGR of 3.8% % during the forecast period 2023 - 2030.

The List of Companies - In-Circuit Tester Market

  1. Teradyne Inc
  2. Digitaltest GmbH
  3. inTEST Corporation
  4. HIOKI E.E. CORPORATION
  5. Keysight Technologies Inc
  6. Konrad GmbH
  7. Kyoritsu Test System Co Ltd
  8. SEICA SPA
  9. SPEA S.p.A.
  10. Test Research, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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