In-Circuit Test Market Analysis | 2023-2028

Market Insights

The in-circuit test market was estimated at USD 1.16 billion in 2022 and is likely to grow at a CAGR of 5.13% during 2023-2028 to reach USD 1.49 billion in 2028.

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

A white-box testing, where an electrical probe tests a densely populated printed circuit board, scrutinizing opens, shorts, capacitance, and resistance, apart from other basic parameters that will reflect whether the assembly was properly fabricated or not defines an in-circuit test. It has extensive applications in consumer electronics, aerospace, defense, medical equipment, wireless communication, etc.

Market Drivers

Increasing demand for automotive electronics

The in-circuit test market is driven by the growing demand for automotive electronics, which includes advanced driver-assistance systems, infotainment systems, engine control units, and electric vehicle components. These systems require thorough testing to ensure safety, reliability, and compliance with stringent standards. In-circuit testing is crucial for identifying faults, defects, and potential failures within these systems. Electric vehicles rely heavily on power electronics systems, which require rigorous testing for reliability and performance. As the complexity of EV electronics increases, the demand for robust ICT solutions will grow, driving the demand for advanced testing equipment and services.

Want to have a closer look at this market report? Register Here

Opportunities: Surge in 5G Technology

5G technology involves complex electronics, including processors, high-frequency components, and communication interfaces. These devices, like smartphones and routers, face challenges in functionality, signal integrity, and power consumption. In-circuit testing is crucial for ensuring proper functioning and identifying potential defects. The increased complexity of 5G devices presents opportunities for growth in the in-circuit test market. The technology operates at higher frequency bands, requiring precise signal integrity testing, reduced signal loss, and effective noise suppression techniques. In-circuit testing validates high-frequency circuit performance and ensures compliance with 5G specifications.

Key Players

The following are the key players in the in-circuit test market:

• Teradyne Inc.
• Keysight Technologies
• Digitaltest GmbH
• Acculogic Inc.
• Test Reaserch Inc.
• Hioki E.E Corporation
• Konrad GmbH
• Checksum
• S.E.I.C.A. S.P.A.
• Spea S.P.A.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segment Analysis

By Portability Type

"Compact in-circuit test segment is expected to be the larger segment of the market during the forecast period"

Based on the portability type, the in-circuit test market is segmented as compact in-circuit test and benchtop in-circuit test. The compact in-circuit test segment is expected to be the larger segment of the market during the forecast period. Surging adoption of advanced electronics in the automotive, aerospace and consumer electronics sectors is generating high demand for compact PCBs and hence, driving the growth of the segment.

By Application Type

"Consumer electronics segment is expected to remain the largest segment during the forecast period"

Based on the application type, the in-circuit test market is segmented as consumer electronics, aerospace, defense & government services, medical equipment manufacturing, wireless communication, and others. The consumer electronics segment is expected to remain the largest segment during the forecast period. Increasing demand for TV sets, telephone systems, computers, and other household appliances, owing to large population and increasing manufacturing units in countries such as China, is bolstering the in-circuit test market for consumer electronics applications.

Regional Analysis

"Asia-Pacific is estimated to be the largest market for in-circuit tests during the forecast period"

In terms of regions, Asia-Pacific is estimated to be the largest market for in-circuit tests during the forecast period. The high demand for in-circuit tests in this region is attributed to the growth in the consumer electronics market due to a large number of smartphone users and electronic appliance users, presence of top consumer electronic producers in economies such as China, South Korea, and Japan and increasing income in these economies.

Know the high-growth countries in this report. Register Here

Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s in-circuit test market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The in-circuit test market is segmented into the following categories:

By Application Type

• Consumer Electronics 
• Aerospace, Defense & Government Services 
• Medical Equipment Manufacturing 
• Wireless Communication 
• Others 

By Type

• Analog In-Circuit Test 
• Mixed In-Circuit Test 

By Portability Type

• Compact In-Circuit Test 
• Benchtop In-Circuit Test 

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• South America (Country Analysis: Brazil, Argentina, and Rest of South America)
• The Middle East & Africa (Sub-Region Analysis: The Middle East and Africa)

Click Here, to learn the market segmentation details.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.