In-Circuit Test Market Demands, Growth rate and Size to Grow USD 1.4 Billion by 2028

The in-circuit test (ICT) market refers to the industry that provides testing solutions for electronic printed circuit boards (PCBs) and assembled electronic devices. ICT is a crucial step in the manufacturing process to ensure the quality and functionality of electronic components.

The global in-circuit test market is estimated to grow from USD 1.2 Billion in 2023 to USD 1.4 Billion by 2028; it is expected to record a CAGR of 3.6% during the forecast period.

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The in-circuit test market is dominated by a few major players that have a wide regional presence. The leading players in the in-circuit test market areTeradyne Inc. (US), Test Research Inc. (TRI) (Taiwan), Keysight Technologies (US), HiokiE.E Corporation (Japan), Kyoritsu Electric Corporation (Japan) and SPEA S.p.A. (Italy). The major strategy adopted by the players includes new product launches, contracts & agreements and, investments & expansions.

In-circuit testing involves the examination of electrical characteristics and integrity of the circuitry on a PCB. It typically uses a bed-of-nails fixture or a flying probe system to make contact with various test points on the PCB and measure parameters such as resistance, capacitance, and inductance. This helps identify defects like short circuits, open circuits, component placement errors, and incorrect values.

The ICT market has seen significant growth due to the increasing complexity and miniaturization of electronic devices. As technology advances and products become more intricate, ensuring quality and reliability becomes more challenging. In-circuit testing plays a vital role in detecting faults at an early stage, reducing manufacturing costs, and improving product quality.

Key factors driving the growth of the in-circuit test market include:

Increasing demand for consumer electronics: The growing adoption of smartphones, tablets, wearable devices, and other consumer electronics drives the need for efficient in-circuit testing to meet the demands of high-volume production.

Advancements in automotive electronics: The automotive industry is witnessing a rapid expansion of electronic components and systems. In-circuit testing is critical for ensuring the reliability and safety of these components, including advanced driver-assistance systems (ADAS), infotainment systems, and electric vehicle (EV) components.

Industrial automation and IoT: The rise of Industry 4.0 and the Internet of Things (IoT) has led to a surge in the number of connected devices and smart systems. In-circuit testing is crucial for verifying the functionality and connectivity of IoT devices, circuit boards used in industrial automation, and other related applications.

Focus on quality and reliability: As customer expectations increase, manufacturers are emphasizing product quality and reliability. In-circuit testing helps identify and rectify defects early in the manufacturing process, reducing the risk of field failures and improving overall customer satisfaction.

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Technological advancements in testing equipment: The in-circuit testing industry continues to innovate and develop advanced testing equipment and software solutions. These advancements include the integration of artificial intelligence (AI), machine learning (ML), and data analytics to enhance test coverage, speed, and accuracy.

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This release was published on openPR.