In-circuit Test Market

In-circuit Test Market Outlook

The global in-circuit test market is poised to increase at a steady CAGR of 5%, reaching US$ 1.8 Bn by 2032 from US$ 1 Bn in 2021.

Data Points	Market Insights
In-circuit Test Market Size (2021)	US$ 1 Bn
In-circuit Test Market Estimated Value (2022)	US$ 1.1 Bn
In-circuit Test Market Projected Value (2032)	US$ 1.8 Bn
Global In-circuit Test Market Growth Rate (2022-2032)	5% CAGR
In-circuit Test Market Share of Top 5 Countries	54.8%
In-circuit Test Market Key Players	Teradyne Text Research Keysight Technologies Hioki E.E. SPEA

“The global market is predicted to grow rapidly owing to increased usage of PCBs in consumer electronics, telephony, cloud computing, and IoT devices.”

Over the last decade, demand for in-circuit test, industrial gear, and manufacturing has increased significantly. Manufacturers in a variety of sectors must guarantee that electromagnetic disturbances do not interfere with the function of their goods in order to meet sales of in-circuit test criteria and avoid costly recalls.

COVID-19 Impact on In-circuit Test Market

Production and supply chain operations have suffered a modest setback in sales of in-circuit test as a result of the continuing COVID-19 pandemic, but consumption is likely to rise when the economy recovers during the pandemic's containment period.

The COVID-19 pandemic has had a significant influence on the demand for in-circuit test economy on a variety of levels, as well as on end-use sectors. The COVID-19 pandemic dilemma is also expected to have an impact on the sales of in-circuit test market, which is expected to have a considerable drop in 2020.

Sales Analysis of In-circuit Test from 2017 to 2021 Vs Market Outlook for 2022 to 2032

“With the increasing need for TVs, phones, laptops, and other home products, demand for in-circuit test equipment has many applications.”

An expansion in consumer electronics products, such as laptops, cellphones, and other consumer electronics, is a primary market driver for the in-circuit test market. The expanding number of PCB applications in the forthcoming consumer electronics and telecom sectors will also boost the market. 

The demand for in-circuit test would be aided by the increasing usage of high-density interconnect (HDI) technology for PCB assembly, as well as the increasing prevalence of cloud computing and internet of things (IoT) devices.

What are the Limits to the In-circuit Test Market?

“The high cost of variation in testing methods is a major market barrier.”

Other obstacles that stymie the market include a lack of standardisation in connecting protocol, which is critical when developing demand for in-circuit test systems and might impair the in-circuit test's operational activity if the device is not standardised.

What are the Emerging Trends in In-circuit Test Market?

There is a stronger link between increased demand for in-circuit tests and the use of in-circuit test market. The introduction of an automatic in-circuit test market is also likely to contribute to the sales of in-circuit tests. It not only aids in the detection of PCB faults but also in the elimination of errors and the reduction of maintenance costs.

Following the success of this device, some manufacturers are attempting to produce an automated in-circuit test market. These sales of in-circuit test have sustained some losses as a result of COVID-19. The end-user categories have seen a significant drop in revenue. The surge in unemployment resulted in a drop in demand for in-circuit test.

As a result, the sales of in-circuit test has decreased. However, the expansion of this business is being fueled by economic recovery in many regions of the world as a result of the rise in the job market in the post-containment period. Another disadvantage of this product is its comparatively high price.

In-circuit test market is appropriate for a high-volume production process. With goods ranging from $250 to $1,000, this commodity is basically useless and costly. As a result, a cost study is necessary before proceeding.

How are Some Challenges Stifling In-circuit Test Market Growth?

“High price of products to pose as a roadblock for the market growth.”

Following the success of this device, some manufacturers are attempting to produce an automated in-circuit test market. The demand for in-circuit test has sustained some losses as a result of COVID-19. The surge in unemployment resulted in a drop in sales of in-circuit test.

As a result, the sales of in-circuit test has decreased. However, the expansion of this business is being fueled by economic recovery in many regions of the world as a result of the rise in the job in-circuit test market in the post-containment period. Another disadvantage of this product is its comparatively high price.

Comparative View of Adjacent In-circuit Test Market

Attributes	In-circuit Test Market	Medical Devices Market	Semiconductor Testing Services Market <
CAGR (2022-2032)	5%	5.4%	7%
Market Value (2026)	US$ 1.3 Bn	US$ 810 Bn	US$ 25 Bn
Growth Factor	With the increasing need for TVs, phones, laptops, and other home products, demand for in-circuit test equipment has many applications.	Increasing chronic illness incidence's early detection and treatment lead to an increase in people having diagnostic and surgical treatments.	This industry is driven by semiconductor testing service providers' ability to support efficient supply chains and reduce time-to-market.
Opportunity	The automatic in-circuit test market not only helps discover PCB flaws but also eliminates mistakes and lowers maintenance expenses.	Increasing investment by medical technology businesses in R&D and favourable regulatory circumstances could promote this industry in the predicted term.	For their clients, leading semiconductor testing service providers are using sophisticated technology.
Key Trends	Asia-Pacific will prosper due to a large number of home appliances and smartphone users.	In addition to the increased demand for fitness trackers, regional and national healthcare authorities are increasingly focusing on monitoring and diagnosis.	Manufacturers of electronics and semiconductors rely on third-party assembly, packaging, and testing services, limiting global semiconductor testing service provider growth.

The sales of in-circuit test market ;are being driven by the rising usage of cloud computing and IoT devices, as well as the expanding acceptance of HDI technology for PCB assembly. High expenses associated with varying demand for in-circuit test methods and a lack of standardisation in connecting protocols, on the other hand, are limiting industry expansion.

In-Circuit Test, or ICT, is a method for identifying problematic components on printed circuit boards (PCBs) through individual testing. A printed circuit board (PCB) is a multi-component assembly with solder connections.

Each component in such an assembly must meet the highest quality and performance standards, as even tiny flaws can degrade the overall quality and performance. Testing can be done using either specialised test equipment or a fixtureless in-circuit test arrangement. In-circuit test market is a precise type of PCB testing that includes a schematic check.

The benchtop demand for in-circuit test segment is expected to be in high demand due to its mobility. The benchtop automated test equipment with built-in fixturing eliminates the unpredictability of repeated findings that are common in bench testing. Its key sales of in-circuit test are due to the elimination of hand-probing, precise measurements, and dependable test probe fixturing.

Due to a significant number of home appliances and smartphone users, Asia-Pacific will have a lucrative rise over the projection period. The existence of a large population and growing affluence in nations such as India, South Korea, Japan, and China drives the rise of consumer electronics, which is a significant element driving the sales of in-circuit test market.

Segmentation Outlook

What is the Segmentation Outlook for the In-circuit Test Market?

An in-circuit test is a white-box test in which an electrical probe inspects a densely populated printed circuit board for openings, shorts, capacitance, resistance, and other fundamental metrics that indicate whether the assembly was correctly built or not.

Consumer electronics, aircraft, defense, medical equipment, wireless communication, and other industries use it extensively. This report on the in-circuit test market consists of segmented by type, portability, application, region, and other segments that can be available on demand.

Which Segment has the Maximum Growth Potential in the In-circuit Test Market by Portability?

Due to the increasing demand for in-circuit test in industries such as automotive, aerospace, and consumer electronics, which need tiny PCBs, the compact category is likely to dominate the in-circuit test market with a decent CAGR of 4.6% throughout 2022-20232.

One of the main hubs for sales of in-circuit test is the Asia Pacific. The compact in-circuit test market is growing due to the rising demand for tiny printed circuit boards in the area.

Which is the Leading Segment in the In-circuit Test Market by Application?

During the forecast period, the consumer electronics category is estimated to retain the greatest share of the in-circuit test market. During the forecast period (2022-2032), the consumer electronics sector is predicted to be the largest in-circuit test market by application, with an expanded CAGR of 4.6%.

With the increased demand for TV sets, telephone systems, computers, and other household appliances, there is tremendous potential for sales of in-circuit test equipment in consumer electronics. In addition, the growing number of consumer electronics production units in Asia Pacific, particularly China, is expected to boost demand for in-circuit test in consumer electronics applications.

Regional Outlook

What is the Regional Demand Analysis in the In-circuit Test Market?

Regions	CAGR (2022-2032)
US Market	4.5%
UK Market	3.5%
China Market	4.1%
Japan Market	3.1%
South Korea Market	2.4%

The in-circuit test market has been examined in this study across five regions: Asia Pacific, North America, Europe, South America, and the Middle East and Africa. During the projected period, Asia Pacific is predicted to lead the worldwide in-circuit test market.

Because of the enormous number of household appliances and smartphone users in the Asia Pacific, the sales of in-circuit test in the consumer electronics sector is booming. The existence of a large population and growing affluence in nations such as India, South Korea, Japan, and China drives the rise of consumer electronics, which is a significant element driving the demand for in-circuit test market.

Because of the expansion of the electrical sector, which will expand the sales of in-circuit test devices, the North American region owns the highest proportion of the entire in-circuit test market. Market expansion will also be aided by a faster pace of modernization.

Electrical and semiconductors are predicted to expand strongly in Europe, particularly in the United Kingdom, Germany, and France. Due to the increasing demand for in-circuit test and household appliances led by the growing number of customers in countries, the Asia-Pacific region is expected to develop good sales in in-circuit test market over the forecast period.

The increased demand for in-circuit test is attributed to the existence of densely populated nations like China and India, as well as their developing economies and electrical consumption. Due to technical advancements in the electrical sectors and forthcoming electrical projects, Latin America, the Middle East, and Africa are likely to boost the market.

Competitive Outlook

How Intense is the Competition in the In-circuit Test Market?

We looked at the testing equipment used in Energy & Power, Aerospace & Defense, Oil & Gas, Consumer Electronics, Manufacturing, and Other Industrial Applications. Electrical circuits and equipment are often tested and troubleshot in order to find defects or anomalous behaviour. To estimate the total market size, equipment that may be classified into segments such as fixed and portable is evaluated.

Recent Developments in the In-circuit Test Market :

• Test Research Inc. introduced a PCB assembly testing and inspection solution in September 2019 that combines 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).
• Teradyne Inc. and Silan Microelectronics joined in May 2019 to ensure rigorous testing of automotive and high-power electronics. Customers will be able to grow on a single test platform as their product needs evolve while maintaining industry-leading test quality and throughput.
• The i3070 series six in-circuit test suite was released by Keysight Technologies in January 2019. It aids electronic manufacturers in increasing their test throughput and PCB assembly production operating efficiency.
• TR5001T SII TINY, a tiny, lightweight, and cheap ICT solution was released in November 2018. Advanced analogue and digital testing with programmable devices under test power supply for testing devices and LED strips are among the characteristics of the TR5001T SII TINY.

Key Segments

• By Type :

  • Analog
  • Mixed

• By Portability :

  • Compact
  • Benchtop

• By Application :

  • Aerospace, Defence & Government Services
  • Consumer electronics
  • Medical Equipment
  • Wireless Communication
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa(MEA)