[Research Report] 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

• 
  CAGR (2022 - 2030)

  3.8%
• Market Size 2022
  US$ 1.04 Billion
• Market Size 2030
  US$ 1.4 Billion

Market Dynamics

GROWTH DRIVERS

• Increasing Demand for Fast Printed Circuit Board Testing Systems
• Rising Adoption of In-Circuit Testers in Automotive Electronic Testing
• Growing Use of Testers to Detect Manufacturing Defects Across Various End-Use Industries

FUTURE TRENDS

• Use of Artificial Intelligence and Machine Learning

OPPORTUNITIES

• Adoption of industry 4.0
• Growth of 5G

Key Players

• 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.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Product

• In-Line Tester and Multimode Flying Probe Tester

Portability

• Non-Portable and Portable

Industry

• Consumer Electronics
• Automotive
• Medical Equipment
• Aerospace and Defense
• Others

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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.

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.

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.

In-Circuit Tester Market Report Scope

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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.