In-Circuit Test Market by Type (Analog, Mixed), Portability (Compact, Benchtop), Application (Consumer Electronics, Aerospace, Defence & Government Services, Medical Equipment, Wireless Communication, Automotive, Energy), Region - Global Forecast to 2028
[244 Pages Report] The global In-circuit test market is estimated to grow from USD 1.2 billion in 2023 to USD 1.4 billion by 2028; it is expected to record a CAGR of 3.6% during the forecast period. The growth in in-circuit test demand in recent years is due to the increased investment in wireless communication and automotive projects due to growing consumer electronics industry. The market for in-circuit tests is projected to benefit greatly from the rising usage of smartphones and televisions.
To know about the assumptions considered for the study, Request for Free Sample Report
To know about the assumptions considered for the study, download the pdf brochure
In-circuit Test Market Dynamics
Driver: Growing demand for automotive electronics
Growing demand for automotive electronics is a significant driver of the in-circuit test market. The automotive industry's rapid adoption of advanced electronic systems and components has led to an increased need for robust testing solutions to ensure safety, reliability, and compliance with stringent standards. Modern vehicles are equipped with a wide range of electronic systems, including advanced driver-assistance systems (ADAS), infotainment systems, engine control units (ECUs), and electric vehicle components. The integration of these complex electronic systems requires thorough testing to ensure optimal performance and reliability. In-circuit testing plays a crucial role in identifying faults, defects, and potential failures within these integrated electronic systems. Furthermore, electric vehicles heavily rely on power electronics systems, such as inverters, converters, and motor control units, which require rigorous testing for reliability and performance. In-circuit testing plays a crucial role in ensuring the quality and functionality of these power electronics components. By conducting comprehensive ICT, manufacturers can detect faults, identify weak points, and optimize the performance of EV power electronics systems. As the complexity of EV electronics increases, the need for robust ICT solutions will grow, driving the demand for advanced testing equipment and services.
Restraint: Lack of standardization in connectivity protocols and increasing complexity of PCB designs
With advancements in technology, PCBs have become more intricate, densely packed with components, and feature advanced functionalities. However, these complexities pose significant restraints for in-circuit testing methods. The drive towards smaller and more compact electronic devices has led to increased miniaturization and higher component density on PCBs. Manufacturers are striving to pack more functionality into smaller spaces, resulting in highly complex PCB designs. The miniaturization of components reduced spacing between them, and the introduction of advanced technologies make it challenging to access test points using conventional in-circuit testing methods. This complexity limits the effectiveness of traditional ICT solutions, thereby restraining the growth of the ICT market.
Opportunities: Rising 5G Technology
The implementation of 5G technology involves the integration of complex electronics, including advanced processors, high-frequency components, and multiple communication interfaces. The complexity of these devices, such as 5G smartphones, routers, and base stations, presents challenges in terms of functionality, signal integrity, and power consumption. In-circuit testing plays a critical role in ensuring the proper functioning of these intricate electronics, validating signal integrity, and identifying potential manufacturing defects. The increased complexity of 5G devices provides ample opportunities for the growth of the in-circuit test market. Furthermore, 5G technology operates at higher frequency bands, including millimeter-wave (mmWave) frequencies, which present unique testing challenges. The higher frequencies demand precise signal integrity testing, reduced signal loss, and effective noise suppression techniques. In-circuit testing enables the evaluation of high-frequency signal paths, identifying potential impedance mismatches, signal quality issues, and noise sources. The opportunity for in-circuit testing to validate the performance of high-frequency circuits and ensure compliance with stringent 5G specifications is a key driver for the in-circuit test market.
Challenges: Reducing size of PCB creates difficulty in testing
As printed circuit boards (PCB) size decreases, the available space for placing test points is limited. Test points are critical for making electrical connections to measure and verify signals during in-circuit testing. With reduced PCB real estate, it becomes challenging to allocate sufficient test points for comprehensive testing coverage. This limitation hampers the ability to access critical nodes and perform accurate measurements, leading to potential coverage gaps and reduced test effectiveness. Similarly, shrinking PCB sizes results in tighter component placement and denser routing, making probing more difficult. Limited access to probe tips requires specialized fixtures and fine-pitch probes. Furthermore, the miniaturization of PCBs increases the risk of signal integrity issues, such as crosstalk and impedance mismatches, which can complicate testing and affect measurement accuracy. Thus, probing small-sized components while maintaining signal integrity during in-circuit testing can pose a challenge of in-circuit testing.
In-circuit test Market Ecosystem
Prominent companies in this market include well-established, financially stable in-circuit test manufacturers. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Teradyne Inc. (US), Test Research Inc. (TRI) (Taiwan), Keysight Technologies (US), Hioki E.E Corporation (Japan) and Kyoritsu Electric Corporation (Japan).
The benchtop, by portability, is expected to be the second largest segment during the forecast period.
This report segments the in-circuit test market based on portability into two types: compact and benchtop. The benchtop segment is expected to be the second largest segment during the forecast period. Because of its mobility, the benchtop demand for in circuit test is likely to be significant. The benchtop automated test equipment with built-in fixturing decreased the uncertainty of repeated findings in bench testing. Its primary in-circuit test sales are attributed to the elimination of hand probing precise measurements and dependable test probe fixturing.
By application, the energy sector is expected to be the fastest growing during the forecast period
This report segments the in-circuit test market based on application into six segments: consumer electronics & appliances, aerospace, defence, and government services, medical equipment manufacturing, automotive, and energy sector. The energy sector is expected to grow at the fastest rate during the forecast period. The increasing investments in the energy sector such as oil & gas, power, utilities, solar inverters, smart meters etc. are expected to drive the market for in-circuit test. The growth of the energy segment can be attributed to the increase in solar inverters and smart inverters spending by countries such as Germany, Italy, Spain, France, and the UK.
"Asia Pacific": The largest in the in-circuit test market"
Asia Pacific is expected to have the largest market share in the in-circuit test market between 2023–2028, followed by Europe and North America. Urbanization and population growth have resulted in the need for vast infrastructure development, which has propelled the electronics demand across the region. As per the Indian Electrical and Electronics Manufacturers’ Association (IEEMA), the electricity generation capacity in India is expected to increase from 200 GW in 2010 to over 800 GW by 2032 to fulfill the increasing demand for power. Thus, there is a need for a huge investment of approximately USD 300 billion in the next 3–4 years in power equipment manufacturing, which will increase the demand for in-circuit testing of these equipment.
Key Market Players
The in-circuit test market is dominated by a few major players that have a wide regional presence. The major players in the in-circuit test market include Teradyne Inc. (US), Test Research Inc. (TRI) (Taiwan), Keysight Technologies (US), Hioki E.E Corporation (Japan), Kyoritsu Electric Corporation (Japan) and SPEA S.p.A. (Italy). Between 2018 and 2022, these companies followed strategies such as contracts, agreements, partnerships, mergers, acquisitions, and expansions to capture a larger share of the in-circuit test market.
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Report Metric |
Details |
Market size available for years |
2017–2028 |
Base year considered |
2022 |
Forecast period |
2023–2028 |
Forecast units |
Value (USD Million/USD Billion) |
Segments covered |
In-circuit test market by type, portability, application, and region. |
Geographies covered |
Asia Pacific, North America, Europe, South America, and Middle East & Africa. |
Companies covered |
Teradyne Inc. (US), Test Research, Inc. (Taiwan), Keysight Technologies (US), HIOKI E.E. CORPORATION (Japan), Kyoritsu Electric Corporation (Japan), Digitaltest GmbH (Germany), SPEA S.p.A. (Italy), Konrad GmbH (Germany), Testronics (US), S.E.I.C.A. S.p.A. (Italy), Concord Technology Limited (Hong Kong), OKANO ELECTRIC CO., LTD (Japan), Checksum (US), Reinhardt System- und Messelectronic GmbH (Germany), Test Coach Company, LLC (US), Shenzhen PTI Technology Co. Ltd (China), Vital Electronics & Manufacturing Co. (India), Kuttig Electronic (Germany), TeligentEMS (US) |
This research report categorizes the in-circuit test market by type, portability, application, and region.
On the basis of type:
- Analog
- Mixed
On the basis of portability:
- Compact
- Benchtop
On the basis of application:
- Aerospace, Defense, and Government services
- Wireless Communication & Infrastructure
- Consumer Electronics & Appliances
- Medical Equipment Manufacturing
- Automotive
- Energy Sector
On the basis of region:
- Asia Pacific
- Europe
- North America
- South America
- Middle East & Africa
Recent Developments
- In August 2022, SPEA S.p.A. and JTAG Technologies have entered a technological collaboration to significantly improve the integration of boundary scan options within flying probe and bed-of-nails testing equipment. By incorporating boundary scan capabilities into in-circuit testing, fault coverage of interconnections, logic elements, and in-signal passives will be increased.
- In June 2022, Bosch Automotive Group selected SPEA S.p.A. as its global and exclusive supplier of ICT Automatic Testers for its global manufacturing plants for the third time in a row. Bosch Automotive has picked the SPEA ICT Tester model 3030 as the most effective for its circuit boards.
- In May 2022, Digitaltest incorporates SMH Technologies' FlashRunner 2.0 into their fixtures, In-Circuit and Flying Probe Test Systems. It is especially ideal for programming multi-PCB panels and complex boards because to its flexibility, wide library, and user-friendly software wizard.
- In April 2022, Teradyne, Inc., received a contract from Nations Technologies, an established Chinese microcontroller unit (MCU) and security integrated circuit (IC) chip maker, for the supply of the 7,000th unit of its industry-leading J750 semiconductor test platform.
- In March 2022, MIDEL, Test Research, Inc. (TRI) introduced of the TR8100H SII high-density pin count In-Circuit Tester (ICT) with vacuum fixture for full coverage testing. The TR8100H SII is the latest version of the high-performance board test system designed for low-voltage testing and complex PCBAs.
Frequently Asked Questions (FAQ):
What is the current size of the in-circuit test market?
The current market size of the in-circuit test market is USD 1.1 billion in 2022.
What are the major drivers for the in-circuit test market?
Rising demand of consumer electronics and automotive electronics will be major drivers for the in-circuit test market.
Which is the largest region during the forecasted period in the in-circuit test market?
Asia Pacific is expected to dominate the in-circuit test market between 2023–2028, followed by Europe and North America. The increase in demand of consumer electronics in recent years is driving the region's market.
Which is the largest segment, by type, during the forecasted period in the in-circuit test market?
The analog segment is expected to be the largest market during the forecast period. Increased demand for transformers due to the increasing investments in renewable energy sources and the easy availability of mineral oil are expected to drive the market for the mineral-based in-circuit test segment.
Which is the fastest portability segment during the forecasted period in the in-circuit test market?
The Benchtop segment is expected to be the fastest market during the forecast period. The increasing investment in advancing in-circuit test methods to meet the electronics demand would drive the demand for in-circuit tests used in consumer electronics, automotive and medical equipment.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The study involved major activities in estimating the current size of the in-circuit test market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
This research study on the in-circuit test market involved the use of extensive secondary sources, directories, and databases, such as Bloomberg, Factiva, IRENA, International Energy Agency, Statista Industry Journal, and Consumer Electronics Association, to collect and identify information useful for a technical, market-oriented, and commercial study of the in-circuit test market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The in-circuit test market comprises several stakeholders, such as in-circuit test manufacturers, technology providers, and technical support providers in the supply chain. The demand side of this market is characterized by the rising demand for in-circuit test in automotive, aerospace, defense & government services, wireless communication & infrastructure, consumer electronics, medical equipment manufacturing and energy sector applications. The supply side is characterized by rising demand for contracts from the industrial sector and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the in-circuit test market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research, and their market share has been determined through primary and secondary research.
- The industry’s value chain and market size, in terms of value, have been determined through both primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
In-circuit test Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall market size from the above estimation process, the total market has been split into several segments and subsegments. Data triangulation and market breakdown processes have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.
Market Definition
In-circuit test (ICT) is a method of electronic component testing that involves checking the electrical integrity and functionality of printed circuit boards (PCBs) or electronic assemblies while they are still assembled. The purpose of ICT is to identify faults or defects in the circuitry, such as open circuits, short circuits, incorrect components, or faulty connections.
The growth of the in-circuit test market during the forecast period can be attributed to the rising demand for PCB and PCB assemblies for the electronic applications across major countries in North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Key Stakeholders
- Assembly, testing, and packaging vendors
- Companies related to the consumer electronics industry
- Companies related to the automotive electronics industry
- Wireless communication and infrastructure companies
- Consulting companies in the energy and power sector
- Government and research organizations
- Investment banks
- Third party testing companies
- In-circuit test equipment manufacturers, dealers, and suppliers
- Medical equipment manufacturing companies
- Organizations, forums, alliances, and associations
- State and national regulatory authorities
- Venture capital firms
Objectives of the Study
- To define, describe, segment, and forecast the in-circuit test market on the basis of type, application, portability, and region.
- To provide a detailed analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze the in-circuit test market with respect to individual growth trends, future expansions, and contribution of each segment to the market
- To analyze the market opportunities for stakeholders and to describe the competitive landscape for market leaders
- To forecast the growth of the in-circuit test market with respect to the major regions (North America, South America, Asia Pacific, Europe, and Middle East & Africa)
- To strategically profile key players and comprehensively analyze their market ranking and core competencies*
- To track and analyze competitive developments such as contracts & agreements, investments & expansions, new product developments, partnerships & collaborations, and mergers & acquisitions in the in-circuit test market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Product Analysis
- Product Matrix, which provides a detailed comparison of the product portfolio of each company
Company Information
- Detailed analyses and profiling of additional market players
Growth opportunities and latent adjacency in In-Circuit Test Market