According to the report by Expert Market Research (EMR), the Global In-Circuit Test Market Size reached a value of USD 1.20 billion in 2023. Aided by the rising demand for advanced electronic devices and the growing applications of in-circuit testing in multiple industries, the market is projected to further grow at a CAGR of 5.3% between 2024-2032 to reach a value of USD 1.62 billion by 2032.
In-circuit testing is a method utilised in electronics manufacturing to test the functionality and integrity of printed circuit boards (PCBs) and their components. It is a bed-of-nails test that checks for shorts, opens, resistance, capacitance, and other basic quantities to ensure that each assembled PCB works correctly. Besides validating the integrity of electronic components, in-circuit testing is vital for fault detection, making it a crucial aspect of various industrial applications, including aerospace, automotive, consumer electronics, and telecommunications.
The increasing consumer demand for high-performance electronic devices is driving the global in-circuit test market growth. As electronics become increasingly complex, the need for thorough testing methods like in-circuit testing escalates to ensure the devices’ reliability and functionality. Moreover, the trend of device miniaturisation further contributes to the rising popularity of in-circuit testing as it allows for effective testing of densely packed PCBs, a characteristic of miniaturised devices.
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The expanding applications of in-circuit testing in various industries significantly contribute to the in-circuit test market development. In the automotive industry, in-circuit tests are crucial for ensuring the reliability of electronic components, such as control units and sensors, essential for modern vehicles’ functionality and safety features. The aerospace sector utilises in-circuit testing for its high-precision electronic systems, where any malfunction can have serious consequences. Moreover, in the rapidly evolving telecommunications sector, in-circuit testing aids in maintaining the quality and reliability of communication devices and infrastructure, thus boosting the in-circuit test market demand.
Further, the growing demand for effective testing methods in the electronics manufacturing industry, driven by the increasing focus on product quality and the rising costs associated with product recalls, has led to a heightened emphasis on in-circuit testing. As the electronics industry continues to grow and diversify, in-circuit testing’s role in ensuring the robustness and reliability of electronic products becomes increasingly critical, thereby propelling the in-circuit test market expansion.
In-Circuit Test Market Segmentation
The market can be divided based on type, portability, application, and region.
Market Breakup by Type
- Analogue
- Mixed
Market Breakup by Portability
- Compact
- Benchtop
Market Breakup by Application
- Aerospace, Defence and Government Services
- Consumer Electronics
- Medical Equipment
- Wireless Communication
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of In-Circuit Test Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global in-circuit test companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Teradyne, Inc
- Keysight Technologies, Inc
- Hioki E.E. CORPORATION
- Spea S.p.A
- Acculogic, Inc
- Konrad GmbH
- Seika Machinery, Inc
- Kyoritsu Test System Corporation
- Digitaltest GmbH
- Others
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