Global In-Circuit Test Market Report and Forecast 2025-2034

Global In-Circuit Test Market Outlook

The global in-circuit test market attained a value of nearly USD 1.26 billion in 2023. The market is projected to grow at a CAGR of 5.2% between 2024 and 2032 to reach a value of around USD 1.99 billion by 2032.

Key Trends in the Market

In-circuit test refers to a performance and quality testing method used to ensure the optimal production of printed circuit boards (PCB). This method can detect manufacturing errors while improving the functionality of electrical components.

• In-circuit test is gaining traction in the consumer electronics sector to detect faulty electronic components. Hence, the growing adoption of high-end consumer electronics among the rising middle-class population is driving the in-circuit test market growth.

• The growing use of printed circuit boards (PCB) in various sectors including aerospace, defence, and medical equipment, among others, is escalating the requirement for in-circuit tests to ensure quality control standards of circuits and maximise PCB efficiency and performance.

• The evolving landscape of electronic manufacturing, the development of miniature electronic components, and the increasing use of electronic devices in the medical, automotive, and aerospace sectors are driving the requirement for sophisticated testing. This is expected to boost the demand for in-circuit testing to verify the electrical values of components and ensure the reliability of electronic products.

Market Analysis

Based on type, the market is segmented into analogue and mixed. On the basis of portability, the market is classified into compact and benchtop. By application, the market is divided into aerospace, defence and government services, consumer electronics, medical equipment, and wireless communication, among others. The major regional markets for in-circuit test include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global in-circuit test market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Teradyne, Inc

• Keysight Technologies, Inc

• Hioki E.E. CORPORATION

• Spea S.p.A

• Acculogic, Inc

• Konrad GmbH

• Seika Machinery, Inc

• Kyoritsu Test System Corporation

• Digitaltest GmbH

• Others

Market Share by Portability

Benchtop accounts for a significant share of the in-circuit test market. Benchtop in-circuit tester offers some notable features, such as automatic test program generation, USB connection to personal computer or tablet, and can readily find process faults while ensuring the structural integrity of PCBs.

In addition, benchtop in-circuit tester is low cost, which enables end users to achieve considerable cost savings. Moreover, the growing demand for accurate and reliable in-circuit testing is expected to boost the segment’s growth in the forecast period.

Market Share by Region

North America is expected to grow rapidly and significantly contribute to the in-circuit test market in the coming years. The United States of America has one of the highest defence expenditures across the globe. In this regard, rapid improvements in military technology, coupled with the growing adoption of technologically advanced electronic products, are expected to generate a healthy demand for in-circuit test systems in the forecast period.

Competitive Landscape

Teradyne, Inc is a leading automatic test equipment (ATE) designer and manufacturer which offers in-circuit test systems for complex integrated boards. It was founded in 1960 and is headquartered in Massachusetts, the United States.

Keysight Technologies, Inc is an electronics company which provides electronic design and test solutions, tools, and services. The company was founded in 2014 and is headquartered in California, the United States.

Hioki E.E. CORPORATION is a developer, manufacturer, and seller of electrical measuring instruments, including in-circuit testing systems. The company was established in 1935 and is headquartered in Nagano, Japan.

Other market players include Spea S.p.A, Acculogic, Inc, Konrad GmbH, Seika Machinery, Inc, Kyoritsu Test System Corporation, and Digitaltest GmbH, among others.

Key Highlights of the Report