The global in-circuit tester market estimated to be valued at ~US$ 1.06 Bn in 2021.The COVID-19 pandemic crisis has severely affected the growth.
It caused significant disruptions in manufacturing activities and supply chain networks, subsequently affecting the in-circuit tester market. However, the market is expected to recover as the economic activities resume post the containment of pandemic.
In-circuit tester market is likely to grow at a moderate pace during 2021-2031. It is expected to gain from increasing applications across various end-use industries. With manufacturers emphasizing on developing advanced testing equipment, industries are likely to benefit from improved life cycle and durability of in-circuit testers.
Application in automotive electronics is poised to surge in the coming years. With automotive production gradually getting back on track, sales in the sector are expected to pick up. Subsequently, the demand for in-circuit tester will increase as the sector aims at keeping pace with dynamic consumer preference.
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Key Takeaways from In-Circuit Tester Market Study
- FMI has forecast the demand for in-circuit testers to rise at a CAGR of ~4.9% during the forecast period of 2021-2031
- While the U.S. continues to hold over nearly 70%, the demand from Canada is expected to rise at a higher pace
- Within Europe, the U.K. will emerge as a key market, exhibiting 5.6% Y-o-Y growth in 2021
- France and Germany too will continue exhibiting high demand, thanks to expansion of manufacturing activities
- Within East Asia, China will emerge dominant. Demand from Japan and South Korea will also rise at a positive pace
“The increasing demand for in-circuit test and boundary scan test solutions from automotive electronics manufacturers is expected to drive the market. Within a moderately consolidated market space, manufacturers are highly concentrated on increasing sales and expanding their distribution networks with the launch of various standards and models of in-circuit testers,” says a FMI analyst.
Rising Focus on Emission-control Enabling Growth
Expansion of the automotive electronics sector will remain a chief driver as the report. This is primarily attributable to the implementation of stringent emission control regulations.
Coupled with this, the increasing demand for improved comfort, efficiency, connectivity, and safety among consumers will boost in-circuit tester applications in automotive electronics manufacturing.
Along with this, the advent of electronic vehicles will bolster growth opportunities for the market. Focus towards achieving zero emission within the automotive industry will emerge as a chief growth driver.
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In-Circuit Tester Market by Category
By Product
- Multimode Flying Probe Tester
- In-Line Tester
By Portability
- Benchtop
- Compact
By Application
- MDA
- ICT
- FICT
By Fixture
- Vacuum
- Pneumatic
- Mechanical
By Mode
- Semi-Automatic
- Automatic
By End-use
- Automotive Electronics
- Consumer Electronics
- Medical Equipment
- Defense and Aerospace Electronics
- Power Generation, Storage and Distribution
- Network and Communications
- Computers and Peripheral Devices
- Industrial Electronics
By Region
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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