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South & Central America In-Circuit Tester Market Forecast to 2030
South & Central America In-Circuit Tester Market Forecast to 2030 – Regional Analysis – by Type (Analog and Mixed), Product (Multimode Flying Probe Tester, and In-Line Tester), Portability (Portable and Non-Portable), and Industry (Consumer Electronics, Automotive, Medical Equipment, Aerospace & Defense, Others)
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Description
Use of Artificial Intelligence and Machine Learning Fuels South & Central America In-Circuit Tester Market
Artificial intelligence (AI) and machine learning (ML) algorithms can analyze large amounts of data from ICT machines to identify patterns and anomalies that may indicate defects in printed circuit boards (PCBs). This can help enhance the accuracy and speed of defect detection, which can lead to a reduction in the number of defective PCBs that are shipped to customers. AI and ML can also be used to predict when ICT machines are likely to fail, which can help prevent interruption and reduce maintenance costs. This is particularly important for ICT machines that are used in high-volume manufacturing environments. Further, smart devices using AI need PCBs to make them functional, PCB designers and manufacturers are also utilizing AI. Artificial intelligence is assisting PCBs in developing newer and more efficient methods of PCB fabrication, optimizing costs, reducing scrap and turn-around times, and improving the utilization of supply chains, inventory, and assets. AI helps in two ways: it helps systems communicate with each other, and it helps systems communicate with operators. For instance, during PCB assembly, AI helps determine the precise placement of SMD components. This not only reduces the assembly time but also improves the quality of the board significantly. With the electronics industry moving rapidly toward form-factor miniaturization, fast and accurate placement of components prior to soldering is a huge advantage. Therefore, the increasing use of AI and ML is expected to have a significant positive impact on the in-circuit tester market. These technologies can help improve the accuracy, speed, and efficiency of ICT testing, which can lead to improved product quality, reduced costs, and increased customer satisfaction.
South & Central America In-Circuit Tester Market Overview
The South & Central America in-circuit tester market is segmented into Brazil, Argentina, and rest of SAM. Several manufacturers of electric motors, generators, and transformers are using PCBA and testing complex controller cards. For example, WEG, a leading electric engineering, power, and automation technology manufacturer, reported gains of 50% in PCB assembly testing time following the implementation of ABI’s MIS 4 module in Brazil.
In SAM, several players provide in-circuit testers. For example, Dai-ichi Shoji Argentina SRL provides Takaya APT-3050 Circuit tester with Agilent TestJet Technology that enables the detection of board assembly faults. The increase in disposable income creates a demand for automotive vehicles in Brazil. Thus, various automotive manufacturers across Asia Pacific and North America plan to open an automotive manufacturing plant in Brazil. For instance, the Chinese car manufacturer Great Wall Motor (GWM) and General Motors (GM) opened a manufacturing plant in Brazil. According to the President and CEO of GM South America, Santiago Chamorro statement, in May 2023, GM the pioneer in industrializing electric vehicles in the country will introduce the of manufacturing of electric cars in Brazil in the second half of the decade. The battery is the electric vehicle’s main component, and in-circuit testers play an important role in testing the electrical circuits and accessories. Thus, the demand for in-circuit testers is likely to increase in the Brazilian market soon.
South & Central America In-Circuit Tester Market Revenue and Forecast to 2030 (US$ Million)
South & Central America In-Circuit Tester Market Segmentation
The South & Central America in-circuit tester market is segmented into type, product, portability, industry, and country.
Based on type, the South & Central America in-circuit tester market is bifurcated into analog and mixed. The analog segment held a larger share of the South & Central America in-circuit tester market in 2022.
In terms of product, the South & Central America in-circuit tester market is segmented into in-line tester and multimode flying probe tester. The in-line tester segment held a larger share of the South & Central America in-circuit tester market in 2022.
Based on portability, the South & Central America in-circuit tester market is bifurcated into non-portable and portable. The non-portable segment held a larger share of the South & Central America in-circuit tester market in 2022.
Based on industry, the South & Central America 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 South & Central America in-circuit tester market in 2022.
Based on country, the South & Central America in-circuit tester market is segmented into Brazil, Argentina, and the Rest of South and Central America. Brazil dominated the South & Central America 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 South & Central America in-circuit tester market.
Summary Info
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According to the Research Team research, the South & Central America in-circuit tester market was valued at US$ 31.48 million in 2022 and is expected to reach US$ 38.78 million by 2030, registering a CAGR of 2.6% from 2022 to 2030. Adoption of industry 4.0, rising adoption of in-circuit testers in automotive electronic testing, and growing use of testers to detect manufacturing defects across various end-use industries are among the critical factors attributed to the South & Central America in-circuit tester market expansion.
The Fourth Industrial Revolution, or 4IR or 4.0, is driven by disruptive trends comprising the rise of data and connectivity, analytics, human-machine interaction, and improvements in robotics. Advancements in printed circuit board (PCB) design and the automation of PCB assembly have played a pivotal role in the quality and mass production of a wide range of electronic devices, equipment, and systems. In domestic products, printed circuit boards dictate the functions of smart refrigerators and dishwashers, smartwatches and smart TVs, and home systems such as HVAC, water, and lights. In modern commercial construction, IoT comprises sensors and controllers that automatically optimize energy usage, monitor security and surveillance, and keep track of scheduled facility maintenance. Modern manufacturing uses unseen printed circuit boards that enable smart robotics and factory automation located deep within machines performing extremely fast-paced or dangerous tasks.
Furthermore, the growing adoption of Industry 4.0 and the rising demand for smart manufacturing are boosting the requirement for PCBs. These trends highlight the importance of modern testing solutions in ensuring the quality and reliability of PCBs in the connected and intelligent manufacturing era. As the PCB industry continues to grow, it provides a growth opportunity for the in-circuit tester market, as in-circuit testers are frequently used in PCBs.
On the contrary, high cost of in-circuit testing systems hampers the growth of South & Central America in-circuit tester market.
Based on type, the South & Central America in-circuit tester market is bifurcated into analog and mixed. The analog segment held 86.7% share of South & Central America in-circuit tester market in 2022, amassing US$ 27.30 million. It is projected to garner US$ 33.98 million by 2030 to expand at 2.8% CAGR during 2022-2030.
In terms of product, the South & Central America in-circuit tester market is bifurcated into in-line tester and multimode flying probe tester. The in-line tester segment held 74.9% share of South & Central America in-circuit tester market in 2022, amassing US$ 23.59 million. It is projected to garner US$ 29.43 million by 2030 to expand at 2.8% CAGR during 2022-2030.
Based on portability, the South & Central America in-circuit tester market is bifurcated into non-portable and portable. The non-portable segment held 89.4% share of South & Central America in-circuit tester market in 2022, amassing US$ 28.15 million. It is projected to garner US$ 34.96 million by 2030 to expand at 2.7% CAGR during 2022-2030.
Based on industry, the South & Central America in-circuit tester market is segmented into consumer electronics, automotive, medical equipment, aerospace & defense, and others. The consumer electronics segment held 38.8% share of South & Central America in-circuit tester market in 2022, amassing US$ 12.20 million. It is projected to garner US$ 15.63 million by 2030 to expand at 3.1% CAGR during 2022-2030.
By country, the South & Central America in-circuit tester market has been categorized into Brazil, Argentina, and the Rest of South and Central America. Our regional analysis states that Brazil captured 58.2% share of South & Central America in-circuit tester market in 2022. It was assessed at US$ 18.33 million in 2022 and is likely to hit US$ 23.06 million by 2030, exhibiting a CAGR of 2.9% during 2022-2030.
Key players operating in the South & Central America in-circuit tester market are Teradyne Inc, Keysight Technologies Inc, Kyoritsu Test System Co Ltd, and SPEA S.p.A., among others.
In November 2023, Teradyne Inc signed a strategic partnership agreement with Technoprobe S.p.A. to offer higher-performance semiconductor test interfaces to their customers across the globe.
In April 2022, Teradyne Inc shipped 7,000th J750 semiconductor test system to Nations Technologies to help Nations Technologies to verify test programs critical for the automotive market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America in-circuit tester market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America in-circuit tester market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America: In-Circuit Tester Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain:
5. South & Central America: In-Circuit Tester Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Increasing Demand for Fast Printed Circuit Board Testing Systems
5.1.2 Rising Adoption of In-Circuit Testers in Automotive Electronic Testing
5.1.3 Growing Use of Testers to Detect Manufacturing Defects Across Various End-Use Industries
5.2 Restraints
5.2.1 High Cost of In-Circuit Testing Systems
5.3 Opportunities
5.3.1 Adoption of Industry 4.0
5.3.2 Growth of 5G
5.4 Trends
5.4.1 Use of Artificial Intelligence and Machine Learning
5.5 Impact of Drivers and Restraints:
6. In-Circuit Tester Market – South & Central America Market Analysis
6.1 In-Circuit Tester Market Revenue (US$ Million), 2022 – 2030
6.2 In-Circuit Tester Market Forecast and Analysis
7. South & Central America: In-Circuit Tester Market Analysis – Type
7.1 Analog
7.1.1 Overview
7.1.2 Analog Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Mixed
7.2.1 Overview
7.2.2 Mixed Market Revenue and Forecasts to 2030 (US$ Million)
8. South & Central America: In-Circuit Tester Market Analysis – Product
8.1 In-Line Tester
8.1.1 Overview
8.1.2 In-Line Tester Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Multimode Flying Probe Tester
8.2.1 Overview
8.2.2 Multimode Flying Probe Tester Market Revenue and Forecasts to 2030 (US$ Million)
9. South & Central America: In-Circuit Tester Market Analysis – Portability
9.1 Non-Portable
9.1.1 Overview
9.1.2 Non-Portable Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Portable
9.2.1 Overview
9.2.2 Portable Market Revenue and Forecasts to 2030 (US$ Million)
10. South & Central America: In-Circuit Tester Market Analysis – Industry
10.1 Consumer Electronics
10.1.1 Overview
10.1.2 Consumer Electronics Market Revenue and Forecasts to 2030 (US$ Million)
10.2 Automotive
10.2.1 Overview
10.2.2 Automotive Market Revenue and Forecasts to 2030 (US$ Million)
10.3 Medical Equipment
10.3.1 Overview
10.3.2 Medical Equipment Market Revenue and Forecasts to 2030 (US$ Million)
10.4 Aerospace and Defence
10.4.1 Overview
10.4.2 Aerospace and Defence Market Revenue and Forecasts to 2030 (US$ Million)
10.5 Others
10.5.1 Overview
10.5.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
11. South & Central America: In-Circuit Tester Market – Country Analysis
11.1 South & Central America
11.1.1 South & Central America: In-Circuit Tester Market Overview
11.1.2 South & Central America In-Circuit Tester Market, By Key Country – Revenue 2022 (US$ Million)
11.1.3 South & Central America: In-Circuit Tester Market Revenue and Forecasts and Analysis – By Countries
11.1.3.1 Brazil: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.3.1.1 Brazil: In-Circuit Tester Market Breakdown by Type
11.1.3.1.2 Brazil: In-Circuit Tester Market Breakdown by Product
11.1.3.1.3 Brazil: In-Circuit Tester Market Breakdown by Portability
11.1.3.1.4 Brazil: In-Circuit Tester Market Breakdown by Industry
11.1.3.2 Argentina: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.3.2.1 Argentina: In-Circuit Tester Market Breakdown by Type
11.1.3.2.2 Argentina: In-Circuit Tester Market Breakdown by Product
11.1.3.2.3 Argentina: In-Circuit Tester Market Breakdown by Portability
11.1.3.2.4 Argentina: In-Circuit Tester Market Breakdown by Industry
11.1.3.3 Rest of South & Central America: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.3.3.1 Rest of South & Central America: In-Circuit Tester Market Breakdown by Type
11.1.3.3.2 Rest of South & Central America: In-Circuit Tester Market Breakdown by Product
11.1.3.3.3 Rest of South & Central America: In-Circuit Tester Market Breakdown by Portability
11.1.3.3.4 Rest of South & Central America: In-Circuit Tester Market Breakdown by Industry
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profile
13.1 Teradyne Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Keysight Technologies Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Kyoritsu Test System Co Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 SPEA S.p.A.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
14. Appendix
14.1 Word Index
LIST OF TABLES
Table 1. In-Circuit Tester Market Segmentation
Table 2. In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Million) – Product
Table 5. In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Million) – Portability
Table 6. In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Million) – Industry
Table 7. South & Central America In-Circuit Tester Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 8. Brazil: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 9. Brazil: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 10. Brazil: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn) – By Portability
Table 11. Brazil: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry
Table 12. Argentina: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 13. Argentina: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 14. Argentina: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn) – By Portability
Table 15. Argentina: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry
Table 16. Rest of South & Central America: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 17. Rest of South & Central America: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 18. Rest of South & Central America: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn) – By Portability
Table 19. Rest of South & Central America: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn) – By Portability
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. In-Circuit Tester Market Segmentation, By Country
Figure 2. Ecosystem: In-Circuit Tester Market
Figure 3. In-Circuit Tester Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. In-Circuit Tester Market Revenue (US$ Million), 2022 & 2030
Figure 6. In-Circuit Tester Market Share (%) – Type, 2022 and 2030
Figure 7. Analog Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Mixed Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. In-Circuit Tester Market Share (%) – Product, 2022 and 2030
Figure 10. In-Line Tester Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Multimode Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. In-Circuit Tester Market Share (%) – Portability, 2022 and 2030
Figure 13. Non-Portable Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Portable Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. In-Circuit Tester Market Share (%) – Industry, 2022 and 2030
Figure 16. Consumer Electronics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Automotive Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Medical Equipment Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Aerospace and Defence Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. In-Circuit Tester Market, By Key Country – Revenue 2022 (US$ Million)
Figure 22. In-Circuit Tester Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 23. Brazil: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Argentina: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. Rest of South & Central America: In-Circuit Tester Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – South & Central America In-Circuit Tester Market
1. Teradyne Inc
2. Keysight Technologies Inc
3. Kyoritsu Test System Co Ltd
4. SPEA S.p.A.
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