In-Circuit Tester Market Analysis, Size, Share, Growth, Trends, and Forecast by 2030

The in-circuit tester market size is projected to reach US$ 1.40 billion by 2030 from US$ 1.04 billion in 2022. The market is expected to register a CAGR of 3.8% during 2022–2030. Technological advancements and the growing usage of artificial intelligence (AI) and machine learning (ML) algorithms are likely to remain key trends in the market.

In-Circuit Tester Market Analysis

The in-circuit testing market is growing at a rapid pace due to the growing use of testers to detect manufacturing defects across various end-use industries and the increasing adoption of digital in-circuit testing. The market is expanding steadily, driven by expanding automotive and consumer electronics industries. Moreover, the growing demand for ultra-high-density interconnect PCBs, and the advent of 5G technology is providing lucrative opportunities for market growth.

In-Circuit Tester Market Overview

In-circuit testing is used to detect errors and defects in the manufacturing of electronic circuits. This testing method is performed to detect numerous defects, including open connections, incorrect or missing components, and solder shorts. In-circuit testing works on the basic principle of evaluating electrical properties at specific spots on the PCB to ensure that each component behaves properly within the broader circuit. This rigorous evaluation of the PCB's integrity is critical in ensuring product quality. The method is used to verify the integrity and functionality of printed circuit boards (PCBs) and electrical circuits.

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In-Circuit Tester Market: Strategic Insights

In-Circuit Tester Market

• 
  CAGR (2023 - 2031)

  3.8%
• Market Size 2022
  US$ 1.04 Billion
• Market Size 2030
  US$ 1.40 Billion

Market Dynamics

GROWTH DRIVERS

• Growing Adoption of Modern ICT Systems

FUTURE TRENDS

• Technological advancements and the growing usage of artificial intelligence (AI) and machine learning (ML) algorithms

OPPORTUNITIES

• Growing Demand for Ultra High-Density Interconnect PCBs

Key Players

• Teradyne Inc
• Digitaltest GmbH
• inTEST Corporation
• HIOKI E.E. CORPORATION
• Keysight Technologies Inc
• Konrad GmbH
• Kyoritsu Test System Co., Ltd.
• SEICA SPA
• SPEA S.p.A.
• Test Research, Inc

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Analog and Mixed

Product

• Multimode Flying Probe Tester and In-Line Tester

Portability

• Portable and Non-Portable

End-Use Industry

• Consumer Electronics
• Automotive
• Medical Equipment
• Aerospace and Defence
• Others

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In-Circuit Tester Market Drivers and Opportunities

Growing Adoption of Modern ICT Systems to Favor Market

ICT uses advanced technology to test the various components on a PCB. Test probes are small, carefully manufactured pins that make contact with test spots on the board. These probes are attached to a test system that can apply voltages, measure currents, and monitor signals to assess the performance of resistors, capacitors, and integrated circuits.

Modern ICT systems include sophisticated software that enables exact control and automation of the testing process. This enables consistent and repeatable results across several boards and manufacturing runs. Furthermore, modern computers can examine test data to uncover tiny flaws that may not covered in the manual inspection process. Modern ICT systems can be tailored to the specific needs of individual PCBs and product lines. This flexibility means that the testing method is suited to the specific characteristics of each assembly.

Growing Demand for Ultra High-Density Interconnect PCBs

A significant drive toward miniaturization currently characterizes the electronics sector. Components are becoming increasingly tiny, placing new demands on the design of the PCBs to which they are attached. This increases the demand for ultra-high-density interconnect PCBs for producing smaller and light-weight electronics devices. Moreover, the growing trend of product miniaturization increases the demand for ultra-high-density interconnect PCBs, creating opportunities in the market. In-circuit tester is highly essential to verify the function of each component by reducing the errors in compact spaces. Thus, the growing complexities of manufacturing miniaturized electronics surge the demand for high-density interconnect PCBs, creating growth opportunities for the market during the forecast period.

In-Circuit Tester Market Report Segmentation Analysis

Key segments that contributed to the derivation of the in-circuit tester market analysis are type, product, portability, and end-use industry.

• Based on type, the in-circuit tester market is divided into analog and mixed. The analog segment is segment held a larger market share in 2022.
• By product, the market is bifurcated into multimode flying probe tester and in-line tester. The in-line tester segment is segment held a larger market share in 2022.
• On the basis of portability, the in-circuit tester market is divided into portable and non-portable. The non-portable segment is segment held a larger market share in 2022.
• In terms of end-use industry, the market is segmented into consumer electronics, automotive, medical equipment, aerospace and defence, and others. The consumer electronics segment held a larger market share in 2022.

In-Circuit Tester Market Share Analysis by Geography

The geographic scope of the in-circuit tester market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

Asia Pacific is projected to have the largest market share in the in-circuit tester market. The increase in population and urbanization has resulted in the need for vast infrastructure development, which has propelled the demand for electronics across the region. According to the Indian Electrical and Electronics Manufacturers' Association (IEEMA), the electricity generation capacity in India is anticipated to grow from 200 GW in 2010 to over 800 GW by 2032 to execute the increasing demand for power. Thus, there is a need for a huge investment of ~US$ 300 billion in the next 3–4 years in power equipment manufacturing, which will increase the demand for in-circuit testing of these equipment.

In-Circuit Tester Market Report Scope

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In-Circuit Tester Market News and Recent Developments

The in-circuit tester market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the in-circuit tester market are listed below:

• Test Research, Inc. launched TR5001E SII Series, an In-Circuit Tester (ICT) Series that offers cost-effective and customizable solutions to its customers. The TR5001E SII Series offers comprehensive testing capabilities to streamline production lines by reducing costs. (Source: Test Research, Inc., Company Website, July 2023).
• SPEA S.p.A. showcased a 3030IL fully automatic bed-of-nails tester at Nepcon China 2023. The 3030IL tester is used for In-Circuit testing that provides supreme throughput without the need to load the PCB or perform the test. (Source: SPEA S.p.A., Company Website, July 2023).

In-Circuit Tester Market Report Coverage and Deliverables

The “In-Circuit Tester Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

• In-circuit tester market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• In-circuit tester market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• In-circuit tester market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the in-circuit tester market
• Detailed company profiles