In-Circuit Test Market Forecasts to 2030 - Global Analysis By Product (Bare Board Testing, In-Circuit Functional Testing, Analog Testing, Mixed Signal Testing and Other Products), Component, Technology, Application, End User and By Geography

According to Stratistics MRC, the Global In-Circuit Test Market is accounted for $1.32 billion in 2023 and is expected to reach $1.64 billion by 2030 growing at a CAGR of 4.6% during the forecast period. In-Circuit Test is a method used in electronics manufacturing to verify the quality of printed circuit board assemblies (PCBAs). It involves testing components while they are still mounted on the PCB. ICT helps identify faults such as incorrect component values, open circuits, and shorts. It's a fast and efficient way to ensure the integrity of PCBAs before they move to further stages of production, contributing to overall product reliability and quality control.

According to the insightful analysis provided by the Taiwan Printed Circuit Association (TPCA), Japanese and South Korean PCB industries, by leveraging their design prowess in terminal products, have strategically transitioned from low to mid-range products with a market share of 15.31%.

Market Dynamics:

Driver:

Increasing complexity of electronic devices

As electronic devices become more intricate with densely packed components and advanced functionalities, traditional testing methods may fall short in detecting defects accurately. ICT offers precise testing capabilities that can identify faults within complex circuitry, ensuring the quality and reliability of electronic assemblies. This growing complexity underscores the importance of ICT in meeting the stringent quality standards demanded by consumers and industries, thereby fueling its market expansion.

Restraint:

Limitations in testing complex components

In-Circuit Test (ICT) faces limitations in testing complex components due to factors like limited access points, intricate designs, and the inability to test non-accessible components like integrated circuits. These challenges hinder ICT's ability to detect certain types of defects, such as intermittent faults or defects within complex components. Consequently, ICT may not provide comprehensive testing coverage for highly complex electronic assemblies. This limitation can hamper market growth as manufacturers seek more comprehensive testing solutions.

Opportunity:

Miniaturization of electronic components

The rising trend of miniaturization in electronic components fuels the growth of the in-circuit test by necessitating more precise and reliable testing methods. As electronic components become smaller and more densely packed on circuit boards, the risk of defects and faults increases. ICT offers a highly accurate means of detecting these issues, ensuring the quality and reliability of miniaturized electronic assemblies. Consequently, the demand for ICT solutions rises in tandem with the miniaturization trend.

Threat:

Compatibility issues

Compatibility issues in in-circuit test arise due to the need for ICT systems to interface effectively with a wide range of electronic components and assemblies. Lack of compatibility can lead to inefficiencies, inaccuracies, and increased testing times, hampering productivity and increasing costs for manufacturers. Moreover, evolving industry standards and technologies further compound compatibility challenges, potentially limiting the effectiveness and adoption of ICT solutions, thereby impeding market growth.

Covid-19 Impact

The covid-19 pandemic has had a mixed impact on the in-circuit test market. Initially, disruptions in global supply chains and manufacturing operations led to a slowdown in demand for ICT solutions. However, as industries adapted to remote work and digital transformation accelerated, there was a subsequent increase in demand for ICT technologies. Additionally, the growing emphasis on telecommunication infrastructure and electronic devices to support remote work and online activities further boosted the demand for ICT solutions, albeit with some fluctuations due to ongoing economic uncertainties.

The analog testing segment is expected to be the largest during the forecast period

The analog testing segment is estimated to have a lucrative growth. Analog testing in ICT involves verifying the functionality and performance of analog components such as resistors, capacitors, and amplifiers on a printed circuit board (PCB). This testing ensures that analog circuits meet specified tolerances and performance criteria. It plays a crucial role in ensuring the quality and reliability of analog electronic assemblies, especially in applications where precise analog signal processing is essential, such as audio, video, and sensor-based systems.

The design verification testing segment is expected to have the highest CAGR during the forecast period

The design verification testing segment is anticipated to witness the highest CAGR growth during the forecast period. ICT is utilized in DVT to validate the functionality and performance of electronic designs during the early stages of product development. By subjecting prototypes or initial designs to ICT, engineers can identify and rectify potential design flaws, ensuring that the final product meets performance specifications and quality standards. It helps streamline the product development process by detecting issues early, reducing the need for costly design revisions later in the production cycle, and ultimately improving time-to-market and overall product reliability.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to its robust electronics manufacturing sector. Countries like China, Japan, South Korea, and Taiwan are key contributors, hosting numerous electronics manufacturers and assembly plants. The region benefits from factors such as skilled labor, technological advancements, and favorable government policies supporting the electronics industry. Additionally, the increasing demand for consumer electronics, automotive electronics, and telecommunications infrastructure further drives the adoption of ICT solutions in the Asia-Pacific region, sustaining its growth and prominence in the global ICT market.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to its robust electronics manufacturing ecosystem and technological innovation. The region boasts a significant presence of leading ICT solution providers and electronics companies, particularly in the United States and Canada. Factors such as stringent quality standards, high demand for advanced electronic products, and a focus on research and development contribute to the steady growth of the ICT market in North America.

Key players in the market

Some of the key players profiled in the In-Circuit Test Market include Keysight Technologies, Teradyne, Advantest Corporation, SPEA S.p.A., Test Research Inc. (TRI), Digitaltest GmbH, JTAG Technologies, Seica S.p.A., Hioki E.E. Corporation, ASSET InterTech, Averna, Acculogic Inc. and Konrad GmbH.

Key Developments:

In November 2020, Hioki launched the In-Circuit Tester FA1220-02. It is the space-saving design system generating pass/fail judgments for circuit boards that are populated with electronic components. Its slide-in mechanism simplifies installation and removal of test fixtures, reducing man-hours and workload and improving productivity in populated board testing and production environments.

In February 2020, Test Research, Inc. (TRI) launched the TR5001 SII LED Series, a multicore In-Circuit Test (ICT) solution for LED lighting. The TR5001 SII LED Series is an ICT+FCT innovation that can test up to 1080 LED channels for color and brightness simultaneously. It has up to four independent cores for multi-core parallel testing and a quick disconnection interface.

Products Covered:

• Bare Board Testing (BBT)
• In-Circuit Functional Testing (ICFT)
• Analog Testing
• Mixed Signal Testing
• Other Products

Components Covered:

• Integrated Circuits (ICs)
• Capacitors
• Resistors
• Diodes
• Transistors
• Connectors
• Other Components

Technologies Covered:

• Flying Probe Testing
• Joint Test Action Group (JTAG) Testing
• Automated Optical Inspection (AOI)
• Boundary Scan Testing
• Other Technologies

Applications Covered:

• Printed Circuit Board (PCB) Assembly Testing
• System-Level Testing
• Component-Level Testing
• Functional Testing
• Design Verification Testing
• Other Applications

End Users Covered:

• Consumer Electronics
• Automotive
• Aerospace & Defense
• Medical Devices
• Telecommunications
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances