
Middle East & Africa In-Circuit Tester Market
No. of Pages: 76 | Report Code: BMIRE00030089 | Category: Electronics and Semiconductor
No. of Pages: 76 | Report Code: BMIRE00030089 | Category: Electronics and Semiconductor
The Middle East & Africa in-circuit tester market is expected to grow from US$ 74.78 million in 2022 to US$ 95.15 million by 2030. It is estimated to grow at a CAGR of 3.1% from 2022 to 2030.
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.
The Middle East & Africa in-circuit tester market is further segmented into Saudi Arabia, the UAE, South Africa, and the Rest of MEA. South Africa has several PCB manufacturers and fabrication companies. The Trax Interconnect Pvt. Ld., Bosco Printed Circuits, Cirtech Electronics, and Central Circuit cc are among the prominent players manufacturing PCBs. Thus, the presence of PCB manufacturers in the region propels the growth of the in-circuit tester market.
Further, according to the International Trade Administration (ITA), in 2021, the Middle East/North Africa (MENA) regions automotive market was expanding at ~36%, with Saudi Arabia as the leading regional market. Saudi Arabia reported that ~52% of the vehicles are sold in the Gulf Cooperation Council (GCC) and 35% in the MENA region in 2020. The total number of vehicles sold in Saudi Arabia in 2019 and 2020 was 556,000 and 436,000, respectively. Sales are estimated to reach 543,000 units by 2025, with electric vehicles (EVs) accounting for only 32,000 units. Thus, the growing automotive sales in the region is propelling the growth of the in-circuit tester market. UAE is a hub for several industries, including technology, oil & gas, finance, and tourism. Also, several global firms are investing in expanding their businesses in the country. According to the UAE Ministry of Industry and Advanced Technology, the UAE focuses on digitizing, automating, and deploying advanced technologies. Thus, the demand for telecommunication and electronic equipment is rising, the rising demand for telecommunication and electronic equipment is driving the in-circuit tester market as the in-circuit tester plays an important role in wireless communication and electronic equipment.
Strategic insights for the Middle East & Africa In-Circuit Tester provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 74.78 Million |
Market Size by 2030 | US$ 95.15 Million |
Global CAGR (2022 - 2030) | 3.1% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The geographic scope of the Middle East & Africa In-Circuit Tester refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Middle East & Africa in-circuit tester market is segmented into type, product, portability, industry, and country.
Based on type, the Middle East & Africa in-circuit tester market is bifurcated into analog and mixed. The analog segment held a larger share of the Middle East & Africa in-circuit tester market in 2022.
In terms of product, the Middle East & Africa in-circuit tester market is bifurcated into in-line tester and multimode flying probe tester. The in-line tester segment held a larger share of the Middle East & Africa in-circuit tester market in 2022.
Based on portability, the Middle East & Africa in-circuit tester market is bifurcated into non-portable and portable. The non-portable segment held a larger share of the Middle East & Africa in-circuit tester market in 2022.
Based on industry, the Middle East & Africa in-circuit tester market is segmented into consumer electronics, automotive, medical equipment, aerospace & defense, and others. The consumer electronics segment held the largest share of the Middle East & Africa in-circuit tester market in 2022.
Based on country, the Middle East & Africa in-circuit tester market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East and Africa. The UAE dominated the Middle East & Africa in-circuit tester market in 2022.
Teradyne Inc, Keysight Technologies Inc, Kyoritsu Test System Co Ltd, and SPEA S.p.A. are some of the leading companies operating in the Middle East & Africa in-circuit tester market.
1. Teradyne Inc
2. Keysight Technologies Inc
3. Kyoritsu Test System Co Ltd
4. SPEA S.p.A.
The Middle East & Africa In-Circuit Tester Market is valued at US$ 74.78 Million in 2022, it is projected to reach US$ 95.15 Million by 2030.
As per our report Middle East & Africa In-Circuit Tester Market, the market size is valued at US$ 74.78 Million in 2022, projecting it to reach US$ 95.15 Million by 2030. This translates to a CAGR of approximately 3.1% during the forecast period.
The Middle East & Africa In-Circuit Tester Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa In-Circuit Tester Market report:
The Middle East & Africa In-Circuit Tester Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa In-Circuit Tester Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa In-Circuit Tester Market value chain can benefit from the information contained in a comprehensive market report.