According to a new report, published by KBV research, The Global In-Circuit Test Market size is expected to reach $1.5 billion by 2030, rising at a market growth of 3.7% CAGR during the forecast period.
The Mixed segment would showcase a CAGR of 4.9% during (2023 - 2030). On the whole, mixed-signal circuits are cost-effective solutions that are widely used in consumer electronics applications today. Due to the increasing use of custom circuits with mixed-signal technology, i.e., a hybrid of analog and digital circuitry on the same chip, it is anticipated that mixed-signal in-circuit tests will be the fastest-growing market. Mixed signal in-circuit testing is prevalent in the North American region, where semiconductor industry investments are increasing annually.
The Compact segment is leading the Global In-Circuit Test Market by Portability in 2022; thereby, achieving a market value of $880.8 million by 2030. This is due to the increased demand for close in-circuit variants in the automotive and consumer electronics industries. Benchtop is the segment with the highest growth rate. Its advantage is that it eliminates the manual process and produces highly accurate results.
The Medical Equipment segment would register a CAGR of 4.3% during (2023 - 2030). This is due to the rapid technological development of devices for residential use, including glucose monitors, insulin delivery devices, oxygen concentrators, and nebulizers. The capacity of healthcare personnel to support home-based patients via remote communication technologies contributes to the preference for self-care and home care.
The Asia Pacific region dominated the Global In-Circuit Test Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $560.2 million by 2030. The Europe market is anticipated to grow at a CAGR of 3.4% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/in-circuit-test-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Teradyne, Inc., Test Research, Inc., Keysight Technologies, Inc., Hioki E.E. Corporation, Digitaltest GmbH, Konrad GmbH, Testronics (Catalis Group), SPEA S.p.A., Test Coach Company, LLC. and Okano Electric Co., Ltd.
By Type
By Portability
By Application
By Geography
Companies Profiled
Unique Offerings 
