A new market research report by future market insights on the in-circuit tester market includes the global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report analyses the in-circuit tester market and provides critical insights for the forecast period 2019-2029. As per the findings of the report, the global in-circuit tester market is projected to experience significant growth over the forecast period due to multiple driving factors.
The global in-circuit tester market is estimated to be valued at ~US$ 1.2 Bn in 2019, and increase at a CAGR of ~9% during the forecast period of 2019-2029. This growth is majorly driven by the increasing usage of in-circuit testers in automotive electronics, consumer electronics, medical equipment, defence & aerospace electronics, power generation, storage & distribution, network & communication, computer & peripheral devices, and industrial electronics, among others.
Focus of automotive industry has shifted to the manufacturing of electronic vehicles, on the account of technological advancement in wireless technology space and growing efforts to reduce vehicle emissions. In addition, manufacturing of electronic equipment for military aircrafts such as highly modified power drive controls and defensive aids systems is rapidly increasing, thereby raising the demand for in-circuit testers to analyse electronic circuits in manufacturing sites.
Lucrative Growth Opportunities in East Asia & North America
Regions such as East Asia & North America are anticipated to hold a prominent revenue share of the in-circuit tester market, according to the FMI’s report. Moreover, East Asia is accounted as high growth potential region for the in-circuit tester market, considering rapidly increasing sales of automotive electronics and consumer electronics, backed by continued industrialization and increasing contribution of electronic and automotive sectors to the GDP growth.
For More Detailed Insights on In-Circuit Tester Market
Increasing demand for electronic vehicles in East Asia, due to increasing carbon emission and depletion of fossil fuel resources, is expected to fuel the in-circuit tester market. Stringent regulations for environmental monitoring in the East Asia region has been complementing the growth of the electronic industry and sales of electric vehicle. As a consequence, the analytical testing equipment manufacturing industry of East Asia is gaining significant and positive momentum, which is forecasted to fuel the growth of the in-circuit tester market in East Asia.
Increasing Demand for Consumer Electronic Devices and Highly Customized Automotive Designs to Boost the Market Growth
The global in-circuit tester market has been segmented on the basis of product, portability, end-use, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa. The FMI report also includes analysis of developing countries.
- By product, the multimode flying probe tester is expected to hold a prominent value share of the global in-circuit tester market, because of significant measurement accuracy and highly advanced specifications.
- On the basis of portability, the benchtop in-circuit tester is expected to hold majority share, because of high application scope and easy accessibility.
- High application potential of in-circuit tester has been identified in ICT, owing to increasing demand for circuit board testing.
- Vacuum fixture of in-circuit tester will continue to remain highly preferred among the end-use sectors, as it give a better signal reading than pneumatic and mechanical fixtures.
- By mode, the automatic in-circuit tester is likely to account for relatively high share in the market, as manufacturers continue to leverage advanced automation technologies.
- On the basis of end use, adoption of in-circuit tester in automotive electronics will continue to influence the growth strategies of the market players.
In-Circuit Tester Market: Vendor Insights
The report highlights some of the prominent market players that are holding significant share in the in-circuit tester market. Some of the key players in the global in-circuit tester market are Test Research, Inc., Keysight Technologies, Teradyne Inc., KYORITSU Test System Corporation, HIOKI E.E. CORPORATION, SPEA, Acculogic Inc., and Digitaltest GmbH.
For additional insights on the in-circuit tester landscape, write to the analyst at firstname.lastname@example.org
About Testing Equipment division of FMI
The Testing Equipment division of FMI is a specialized department catering to unique requirements in the industry. Exclusive coverage of the testing equipment market includes valuable information on regular, compliance, destructive, and non-destructive testing services and associated equipment. The team also executes several complex projects pertaining to the area of manufacturing and process industries, research and academia, testing and certification institutions, government agencies dealing into scientific and environmental research, and defense organizations. Our research studies are trusted and widely referred by stakeholders for gaining insights and developing cutting edge strategies.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.