In-Circuit Test Market to Reach $1.3 billion by 2024

Latest reportIn-Circuit Test Market by Type (Analog, Mixed), Portability (Compact, Benchtop), Application (Aerospace, Defence & Government Services, Wireless Communication & Infrastructure, Medical Equipment, Consumer Electronics), Region – Global Forecast to 2024″ The global in-circuit test market is projected to reach USD 1.3 billion by 2024 from an estimated market size of USD 1.0 billion in 2019, at a CAGR of 4.9% during the forecast period. The global market is set to witness significant growth owing to various application types of PCBs are increasing in the consumer electronics and telecom sector along with the growing adoption of cloud computing and IoT devices.

The Mixed segment is expected to be the fastest market during the forecast period

The Mixed segment is projected to be the fastest in-circuit test market, by type, during the forecast period. Mixed-signal in-circuit test is widely used in the North America region as the investments in the semiconductor industry is increasing year on year in the region. According to the Semiconductor Industry Association, total R&D expenditure by US semiconductor firms was USD 71.4 billion in 2018. The R&D expenditure as a percent of sales was 17.4% in the semiconductor industry for the year 2018. These investments are expected to drive the market for mixed-signal devices and its in-circuit test in the forecast period.

Download PDF Brochure – https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107876766

The compact segment is expected to be the largest segment in the in-circuit test market, by portability, during the forecast period

The compact segment is expected to grow at the highest rate during the forecast period. The compact in-circuit test features include onboard programming, easy maintenance, small footprint, low power consumption, and enhanced operator safety. The applications for compact in-circuit test includes electric vehicles, smartphones, PCs and other home appliances. The surging adoption of advanced electronics in sectors such as automotive, aerospace and consumer goods that requires compact PCBs is one of the key reason for the growth of compact in-circuit test market.

Asia Pacific is expected to dominate the global in-circuit test market during the forecast period.

The growing demand for consumer electronics such as smartphones, laptops, televisions and other electronic appliances are the driving factors for the growth of the Asian in-circuit test market. The growth of the in-circuit test market can be attributed to its low cost and wide area of its application. Demand for the in-circuit test is on the rise in China, which is the primary consumer electronics industry in terms of production and deployment. According to the South China Morning Post, China plans to invest USD 29 billion in the domestic chip industry, which is used in various consumer electronic appliances.

Request Sample Pages https://www.marketsandmarkets.com/requestsampleNew.asp?id=107876766

Key Market Players:

The major players in the global in-circuit test market include Teradyne (US), Test Research (Taiwan), Keysight (US), HIOKI E.E (Japan), and SPEA (Italy).

Recent Developments

  • In September 2019, Test Research Inc. launched the solution for PCB assembly testing and inspection that includes 3D solder paste inspection (SPI), 3D automated optical inspection (AOI), 3D CT automated x-ray inspection (AXI), high-performance in-circuit testing (ICT) and functional tester (FCT).
  • In May 2019, Teradyne Inc. partnered with Silan Microelectronics to ensure thorough testing of automotive and high-power electronics. The synergy will allow customers to grow on one test platform as product requirements change while supporting both industry-leading quality of test and throughput.
  • In January 2019, Keysight Technologies launched the i3070 series six in-circuit test suite of solutions. It helps electronic manufacturers to improve their test throughput and the operational efficiency of their PCB assembly manufacturing.
  • In November 2018, TRI launched the compact, lightweight, and affordable ICT Solution, TR5001T SII TINY. The features of TR5001T SII TINY include advanced analog and digital testing with programmable devices under test power supplies for testing devices and LED strips.