The global in-circuit test market is projected to reach USD 1.4 billion by 2028 from an estimated USD 1.2 billion in 2023, at a CAGR of 3.6% during the forecast period. The surge in usage of printed circuit boards (PCBs) in consumer electronics and automotive electronics are driving the growth of the in-circuit test market as manufacturers strive to ensure the quality, reliability, and performance of these electronic devices.
Due to their strong supply network, a few global and regional players hold a strong foothold in the in-circuit test market. 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) are the market leaders in the global in-circuit test market. These companies have adopted strategies such as product launches, partnerships, collaborations, contracts, agreements, and acquisitions, to increase their market share.
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Test Research, Inc. is one of the key suppliers of test and inspection systems for the electronics industry in Taiwan and China. It manufactures and designs automated inspection and testing equipment for the PCB assembly and IC packaging. The company manufactures and sells electronic in-circuit test equipment through its subsidiaries such as TRI Electronic Shenzhen, TRI Electronic Suzhou, and TRI Electronic Shanghai.
The company offers its new TR5001 SII series in-circuit testers which supports up to four independent test cores for high-throughput parallel testing. Depending on the complexity of the tested product, tester cores can be merged to test higher pin-count boards. Its advanced features include high accuracy measurement, fast programming and debugging, advanced device under test (DUT) overdrive protection, and multiple routable serial ports. The company conducts its business operations in Taiwan, Asia pacific, Americas, Europe, and Middle East & Africa. The company has its corporate offices in USA, Malaysia, Mainland China, Germany, Japan, Korea, and Vietnam.
HIOKI E.E. CORPORATION engages in design, manufacture, sale, and service of test equipments and electrical measuring instruments. It comprises five product groups, namely, Automatic test equipment, Data recording equipment, Electronic measuring instruments, Field measuring instruments, and Other. The company offers in-circuit test under the Automatic test equipment. In addition to in-circuit testers, it also offers products such as flying probe testers, short open tester, data acquisition oscilloscopes, power device analyzers, insulation testers, meter relays CTs, shunts, multichannel data loggers, ground testers, voltage detectors, phase detectors, and other such products.
The company’s products cater to industries such as automotive and transport, power, energy, and electronic components, battery, and infrastructure. The company conducts its business operations in North America, South America, the Middle East, Europe, and Asia Pacific. The company has its R&D facility located in Nagona, Japan.
SPEA S.p.A. offers automatic test equipment used to test electronic boards, sensors, micro-electromechanical system, and semiconductor integrated circuits. The company operates through 3 business segments: Semi and MEMS Test, Electronics Test, and Special Products. The company offers in-circuit test solutions under its Electronics Test business segment.
SPEA board testers test each component assembled on the board. The common tests are detecting defective components, detecting process defects (such as open pins or short circuits), identifying components that perform out of their specifications and also weak components that are close to their end of life. The ICT systems developed by the company typically features high-speed testing capabilities, allowing for rapid testing of PCBs and ensuring high throughput in manufacturing. Its 3030 inline ICT has the highest throughput with 4096 channels. The company offers in-circuit tests for various applications, such as automotive electronics, consumer electronics, aerospace, industrial electronics, telecommunication, marine, medical equipment, and defense. The company conducts its business operations majorly in Asia Pacific, Europe, North America, South America, Oceania and Africa.
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
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