Report : North America In-Circuit Tester Market Forecast to 2030 - Regional Analysis - by Type (Analog and Mixed), Product (Multimode Flying Probe Tester and In-Line Tester), Portability (Portable and Non-Portable), and Industry (Consumer Electronics, Automotive, Medical Equipment, Aerospace & Defense, Others)
At 3.9% CAGR, North America In-Circuit Tester Market is Projected to be Worth US$ 388.24 Million by 2030, says Business Market Insights
According to Business Market Insights research, the North America in-circuit tester market was valued at US$ 286.16 million in 2022 and is expected to reach US$ 388.24 million by 2030, registering a CAGR of 3.9% from 2022 to 2030. Increasing demand for fast printed circuit board testing systems, rising adoption of in-circuit testers in automotive electronic testing, and growing use of testers to detect manufacturing defects across various end-use industries are among the critical factors attributed to the North America in-circuit tester market expansion.
A PCB in-circuit tester (ICT) is a specialized equipment used throughout the quality testing of the PCBs to verify the electrical connectivity and performance of printed circuit boards (PCBs). It tests individual components for operation and discovers any defects or errors in the circuitry. In the electronics sector, ICT is often used to guarantee the quality and reliability of PCBs before they are deployed in various electronic products. One of the primary reasons driving the use of PCBs is the increasing demand for electronic items such as smartphones, tablets, wearable devices, and automotive electronics. The rising emphasis on producing high-quality PCBs with fewer errors is encouraging the use of ICT equipment. Technological advances and breakthroughs in ICT systems have pushed PCB adoption even further. Advanced ICT systems capable of managing complicated PCB designs and higher component densities are being developed by manufacturers. These technologies provide greater accuracy, faster testing speeds, and fault detection capabilities. According to a survey conducted by a company named Geospace Technologies, the value of the printed circuit board (PCB) market is expected to keep growing by 5% up until 2030. This critical technology is only becoming more important to all industries. Therefore, the in-circuit tester market is driving the market growth. The market growth is driven by the rising demand for electronics, technical improvements, automation, and the adoption of PCBs across various industries.
On the contrary, high cost of in-circuit testing systems hampers the growth of North America in-circuit tester market.
Based on type, the North America in-circuit tester market is bifurcated into analog and mixed. The analog segment held 79.6% share of North America in-circuit tester market in 2022, amassing US$ 227.79 million. It is projected to garner US$ 314.30 million by 2030 to expand at 4.1% CAGR during 2022-2030.
In terms of product, the North America in-circuit tester market is bifurcated into in-line tester and multimode flying probe tester. The in-line tester segment held 70.8% share of North America in-circuit tester market in 2022, amassing US$ 202.47 million. It is projected to garner US$ 279.03 million by 2030 to expand at 4.1% CAGR during 2022-2030.
Based on portability, the North America in-circuit tester market is bifurcated into non-portable and portable. The non-portable segment held 85.2% share of North America in-circuit tester market in 2022, amassing US$ 243.93 million. It is projected to garner US$ 337.24 million by 2030 to expand at 4.1% CAGR during 2022-2030.
By industry, the North America in-circuit tester market is segmented into consumer electronics, automotive, medical equipment, aerospace & defense, and others. The consumer electronics segment held 31.8% share of North America in-circuit tester market in 2022, amassing US$ 90.89 million. It is projected to garner US$ 130.38 million by 2030 to expand at 4.6% CAGR during 2022-2030.
By country, the North America in-circuit tester market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 79.6% share of North America in-circuit tester market in 2022. It was assessed at US$ 227.73 million in 2022 and is likely to hit US$ 313.54 million by 2030, exhibiting a CAGR of 4.1% during 2022-2030.
Key players operating in the North America in-circuit tester market are Teradyne Inc; inTEST Corporation; HIOKI E.E. CORPORATION; Keysight Technologies Inc; Konrad GmbH; Kyoritsu Test System Co Ltd; SEICA SPA; SPEA S.p.A.; and Test Research, Inc; among others.
- In November 2023, Teradyne Inc signed a strategic partnership agreement with Technoprobe S.p.A. to offer higher-performance semiconductor test interfaces to their customers across the globe.
- In April 2022, Teradyne Inc shipped 7,000th J750 semiconductor test system to Nations Technologies to help Nations Technologies to verify test programs critical for the automotive market.
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