In-Circuit Test Market

Teradyne Inc. (US) and Keysight Technologies (US) are the Key Players in the In-Circuit Test Market

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 factors driving the market include increasing adoption of cloud computing and IoT devices along with various application types of PCBs are growing in consumer electronics and telecom sector.

Both global and regional players dominate the global in-circuit test market. The leading players in the global in-circuit test market include Teradyne (US), Test Research (Taiwan), Keysight (US), HIOKI E.E (Japan), and SPEA (Italy).

The major strategies adopted by the players include investments & expansions, mergers & acquisitions, partnerships & collaborations, and new product launches. New product launches were the most commonly utilized strategy from January 2016 to November 2019.

To know about the assumptions considered for the study download the pdf brochure

Teradyne Inc. (US) designs sells, manufactures, and supports in-circuit test (ICT) products and services. The company operates through four business segments: Semiconductor Test, Industrial Automation, System Test, and Wireless Test. The System Test segment offers ICT. The company provides ICT tests under its two product families, namely, Test station and Spectrum ICT. Teradyne’s ICTs are fast, accurate, and cost-effective. The company provides the Test station product in off-line and automated inline configurations. The automated inline settings cater to the requirements of high volume applications such as automotive electronics. Teradyne has its regional operations in Europe, Middle East & Africa, India (EMEIA), North America, and Asia. The company has manufacturing facilities in China and Malaysia. It competes with companies such as Keysight, Test Research Inc., SPEA S.p.A and Advantest Corporation in the global in-circuit test market. Teradyne is expanding its product portfolio and its customer base through partnerships & collaborations and mergers & acquisitions. Currently, the company is enhancing its printed circuit board manufacturing from existing facilities as well as creating new ones. The majority of the company’s PCBs are tested in foreign locations such as Taiwan, China, and Singapore, which involves economic and other risks. So, it becomes necessary for the company to open its test foundries in its domestic location, which will not impact its business.

Keysight Technologies (US) offers electronic measurement services using modular, wireless, and software solutions. The company’s key products include oscilloscopes/analyzers, electronic generators/power sources, designing and testing software, wireless devices, metering devices, modular instruments, network security and testing devices, and related services. It operates through four business segments, namely, Communications Solutions Group, Electronic Industrial Solutions, Service Solutions, and Ixia Solutions Group. The company offers in-circuit test solutions under its Electronic Industrial Solutions group. This segment generated a revenue of around USD 965 million during 2017-2018, nearly 15.4% more than its revenue during 2016-2017. The Electronic Industrial Group provides electronic design and test software, instruments, and systems used in the simulation, design, validation, manufacturing, installation, and optimization of electronic equipment. Keysight Technologies operates in multiple regions and has subsidiaries in Mainland China, the Americas, Japan, South Korea, and Malaysia. The company has manufacturing and development facilities in Taiwan and Mainland China. It sells its products in more than 80 countries. Major competitors of Keysight Technologies in the in-circuit test market are Teradyne Inc., Test research Inc., S.E.I.C.A. S.p.A., and SPEA S.p.A.

Related Reports:

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

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In-Circuit Test Market Size,  Share & Growth Report
Report Code
EP 7526
RI Published ON
2/10/2020
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