DUBLIN--(BUSINESS WIRE)--The "In-Circuit Test Market by Type (Analog, Mixed), Portability (Compact, Benchtop), Application (Aerospace, Defence & Government Services, Wireless Communication & Infrastructure, Medical Equipment, Consumer Electronics), Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global in-circuit test market is projected to reach USD 1.3 billion by 2024 from an estimated market size of USD 1.0 billion in 2019, at a CAGR of 4.9% during the forecast period.
The increasing adoption of High density interconnect (HDI) technology for PCBs assembly testing is expected to drive the demand for in-circuit testing. Various application types of PCBs are increasing in the consumer electronics and telecom sector, which would further aid the growth of this market. The price variations of in-circuit testing equipment is a restraint for the growth of the in-circuit test market.
The compact segment is expected to dominate the in-circuit test market in 2019.
The compact segment is expected to dominate the in-circuit test market in 2019, owing to the surging adoption of advanced electronics in sectors such as automotive, aerospace and consumer goods that requires compact PCBs. Asia Pacific is one of the largest markets for the in-circuit test. The increasing demand for compact in-circuit tests in the region is leading to the market growth of the compact in-circuit test.
The in-circuit test, analog type is expected to grow at the highest rate during the forecast period
The analog segment is estimated to grow at the fastest rate of all segments during the forecast period. Analog in-circuit testers are used by various test engineers in their end-use industries to test quickly, measure the presence and absence of active analog components, misoriented analog components, shorts circuits, and solder bridges. The increasing demand for interfacing analog components with the real world is one of the key reasons for the growth of the analog in-circuit test market.
Asia Pacific is expected to lead the global in-circuit test market in terms of market size.
Asia Pacific is currently the largest in-circuit test market, followed by North America and Europe. The Asia Pacific has a high growth in the consumer electronics market due to a large number of household appliances and smartphone users. The growth of consumer electronics is mainly driven by the presence of a high population and increasing income in economies such as India, South Korea, Japan and China which acts as a critical factor responsible for the growth of the in-circuit test market in this region.
- Increasing Application of Pcbs in Consumer Electronics and Telecom Sector
- Increasing Adoption of Cloud Computing and Iot Devices
- Increasing Adoption of Hdi Technology for Pcb Assembly
- High Costs Associated With the Variations in Testing Processes
- Lack of Standardization in Connectivity Protocols
- Rising 5G Technology and Deployment of Advanced 4g Network
- Increasing Electrification of Vehicles
- Keeping Pace With Constantly Changing Technologies
- Reducing Size of Pcb Creates Difficulty in Testing
- Teradyne Inc.
- Test Reaserch Inc.
- Keysight Technologies
- Digitaltest GmbH
- Acculogic Inc.
- Spea S.P.A
- S.E.I.C.A. S.P.A.
- Hioki E.E Corporation
- Konrad GmbH
- Seika Machinery Inc.
- Kyoritsu Test System
- Reinhardt System-Und Messelectronic
- JJS Manufacturing Ltd
- Test Coach
- Shenzhen PTI Technology
- Vital Electronics & Manufacturing Co.
- Kuttig Electronic
For more information about this report visit https://www.researchandmarkets.com/r/e5o4dz
Laura Wood, Senior Press Manager
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