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In-Circuit Test Market

Global In-Circuit Test Market Size, Share, Growth, Forecast: By Type: Analogue, Mixed; By Portability: Compact, Benchtop; By Application: Aerospace, Defence and Government Services, Consumer Electronics, Medical Equipment, Wireless Communication, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global In-Circuit Test Market Outlook

The global in-circuit test market attained a value of nearly USD 1.26 billion in 2023. The market is projected to grow at a CAGR of 5.2% between 2024 and 2032 to reach a value of around USD 1.99 billion by 2032.

 

Key Trends in the Market

In-circuit test refers to a performance and quality testing method used to ensure the optimal production of printed circuit boards (PCB). This method can detect manufacturing errors while improving the functionality of electrical components.

 

  • In-circuit test is gaining traction in the consumer electronics sector to detect faulty electronic components. Hence, the growing adoption of high-end consumer electronics among the rising middle-class population is driving the in-circuit test market growth.
  • The growing use of printed circuit boards (PCB) in various sectors including aerospace, defence, and medical equipment, among others, is escalating the requirement for in-circuit tests to ensure quality control standards of circuits and maximise PCB efficiency and performance.
  • The evolving landscape of electronic manufacturing, the development of miniature electronic components, and the increasing use of electronic devices in the medical, automotive, and aerospace sectors are driving the requirement for sophisticated testing. This is expected to boost the demand for in-circuit testing to verify the electrical values of components and ensure the reliability of electronic products.

 

Market Analysis

Based on type, the market is segmented into analogue and mixed. On the basis of portability, the market is classified into compact and benchtop. By application, the market is divided into aerospace, defence and government services, consumer electronics, medical equipment, and wireless communication, among others. The major regional markets for in-circuit test include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global in-circuit test market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • 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

 

Market Share by Portability

Benchtop accounts for a significant share of the in-circuit test market. Benchtop in-circuit tester offers some notable features, such as automatic test program generation, USB connection to personal computer or tablet, and can readily find process faults while ensuring the structural integrity of PCBs.

 

In addition, benchtop in-circuit tester is low cost, which enables end users to achieve considerable cost savings. Moreover, the growing demand for accurate and reliable in-circuit testing is expected to boost the segment’s growth in the forecast period.

 

Market Share by Region

North America is expected to grow rapidly and significantly contribute to the in-circuit test market in the coming years. The United States of America has one of the highest defence expenditures across the globe. In this regard, rapid improvements in military technology, coupled with the growing adoption of technologically advanced electronic products, are expected to generate a healthy demand for in-circuit test systems in the forecast period.

 

Competitive Landscape

Teradyne, Inc is a leading automatic test equipment (ATE) designer and manufacturer which offers in-circuit test systems for complex integrated boards. It was founded in 1960 and is headquartered in Massachusetts, the United States.

 

Keysight Technologies, Inc is an electronics company which provides electronic design and test solutions, tools, and services. The company was founded in 2014 and is headquartered in California, the United States.

 

Hioki E.E. CORPORATION is a developer, manufacturer, and seller of electrical measuring instruments, including in-circuit testing systems. The company was established in 1935 and is headquartered in Nagano, Japan.

 

Other market players include Spea S.p.A, Acculogic, Inc, Konrad GmbH, Seika Machinery, Inc, Kyoritsu Test System Corporation, and Digitaltest GmbH, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Portability
  • Application
  • Region
Breakup by Type
  • Analogue
  • Mixed
Breakup by Portability
  • Compact
  • Benchtop
Breakup by Application
  • Aerospace, Defence and Government Services
  • Consumer Electronics
  • Medical Equipment
  • Wireless Communication
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface    
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global In-Circuit Test Market Analysis

    8.1    Key Industry Highlights
    8.2    Global In-Circuit Test Historical Market (2018-2023) 
    8.3    Global In-Circuit Test Market Forecast (2024-2032)
    8.4    Global In-Circuit Test Market by Type
        8.4.1    Analogue
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Mixed
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global In-Circuit Test Market by Portability
        8.5.1    Compact
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Benchtop
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global In-Circuit Test Market by Application
        8.6.1    Aerospace, Defence and Government Services
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Consumer Electronics
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Medical Equipment
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Wireless Communication
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others  
    8.7    Global In-Circuit Test Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America In-Circuit Test Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe In-Circuit Test Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific In-Circuit Test Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America In-Circuit Test Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa In-Circuit Test Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis  
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Teradyne, Inc
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Keysight Technologies, Inc
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Hioki E.E. CORPORATION
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Spea S.p.A
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Acculogic, Inc
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Konrad GmbH
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Seika Machinery, Inc
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Kyoritsu Test System Corporation
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Digitaltest GmbH
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Others  
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global In-Circuit Test Market: Key Industry Highlights, 2018 and 2032 
2.    Global In-Circuit Test Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global In-Circuit Test Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global In-Circuit Test Historical Market: Breakup by Portability (USD Billion), 2018-2023
5.    Global In-Circuit Test Market Forecast: Breakup by Portability (USD Billion), 2024-2032
6.    Global In-Circuit Test Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global In-Circuit Test Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global In-Circuit Test Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global In-Circuit Test Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America In-Circuit Test Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America In-Circuit Test Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe In-Circuit Test Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe In-Circuit Test Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific In-Circuit Test Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific In-Circuit Test Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America In-Circuit Test Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America In-Circuit Test Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa In-Circuit Test Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa In-Circuit Test Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global In-Circuit Test Market Structure

Key Questions Answered in the Report

The market reached a value of nearly USD 1.26 billion in 2023.

The market is estimated to grow at a CAGR of 5.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 1.99 billion by 2032.

The rising demand to detect faulty electronic components in consumer electronics, the growing use of printed circuit boards (PCB) in various sectors including aerospace and defence, and the rising demand for benchtop in-circuit testers are the major drivers of the market.

The key trends in the market include the rising investments in defence by governments, the increasing use of electronic devices in sectors like medical, and the evolving electronic manufacturing landscape.

Analogue and mixed are the different types of in-circuits.

Aerospace, defence and government services, consumer electronics, medical equipment, and wireless communication, among others, are the major applications of in-circuits.

Teradyne, Inc, Keysight Technologies, Inc, Hioki E.E. CORPORATION, Spea S.p.A, Acculogic, Inc, Konrad GmbH, Seika Machinery, Inc, Kyoritsu Test System Corporation, and Digitaltest GmbH, among others, are the key in-circuit test market players.

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