Global In-Circuit Testers & Functional Testers Market Growth 2023-2029

Global In-Circuit Testers & Functional Testers Market Growth 2023-2029

The global In-Circuit Testers & Functional Testers market size is projected to grow from US$ 467.2 million in 2022 to US$ 671.6 million in 2029; it is expected to grow at a CAGR of 5.3% from 2023 to 2029.

Keysight is the largest manufacturers of In-Circuit Testers & Functional Testers in the world, has a share about 30%. Other players include Teradyne, TRI, Hioki and SPEA, etc.

Asia-Pacific is the largest revenue market by region, has a share over 70%, followed by Europe and North America, with share approximately 10% Based on the different product type, In-Circuit Tester is the largest segment, with a share about 50%. And in terms of application, the largest application is Telocom and IoT, with a share over 30%.

In-Circuit Tester is an equipment for printed circuit board test. Using a bed of nails in-circuit test equipment it is possible gain access to the circuit nodes on a board and measure the performance of the components regardless of the other components connected to them. PCB functional testing is the most comprehensive testing regimen for determining whether a manufactured board can leave the factory and be shipped to the customer. The goal is to identify manufacturing defects that affect reliability, missing or incorrect components, and opens/shorts in nets or solder connections.

LPI (LP Information)' newest research report, the “In-Circuit Testers & Functional Testers Industry Forecast” looks at past sales and reviews total world In-Circuit Testers & Functional Testers sales in 2022, providing a comprehensive analysis by region and market sector of projected In-Circuit Testers & Functional Testers sales for 2023 through 2029. With In-Circuit Testers & Functional Testers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world In-Circuit Testers & Functional Testers industry.

This Insight Report provides a comprehensive analysis of the global In-Circuit Testers & Functional Testers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on In-Circuit Testers & Functional Testers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global In-Circuit Testers & Functional Testers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for In-Circuit Testers & Functional Testers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global In-Circuit Testers & Functional Testers.

This report presents a comprehensive overview, market shares, and growth opportunities of In-Circuit Testers & Functional Testers market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
In Circuit Tester
Functional Tester
Hybrid Testers

Segmentation by application
Automotive
Defense and Aerospace
Consumer Electronics and Home Appliance
Medical
Telocom and IoT
Industrial Automation
Energy
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Keysight
Teradyne
TRI
Hioki
SPEA
Digitaltest
Okano
ADSYS Technologies
PTI
Kyoritsu
Jet Technology
Seica
SRC
Checksum
Acculogic
Concord
Shindenshi
Qmax Test Equipments
MEL Systems and Services

Key Questions Addressed in this Report

What is the 10-year outlook for the global In-Circuit Testers & Functional Testers market?

What factors are driving In-Circuit Testers & Functional Testers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do In-Circuit Testers & Functional Testers market opportunities vary by end market size?

How does In-Circuit Testers & Functional Testers break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.