Electronic Component Testing and Screening Market Revenue was valued at USD 8.7 Billion in 2024 and is estimated to reach USD 15.6 Billion by 2033, growing at a CAGR of 7.3% from 2026 to 2033.
The global Electronic Component Testing and Screening Market was valued at approximately USD 22.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. The increasing demand for consumer electronics, automotive, and telecommunications equipment has significantly driven the need for efficient testing and screening of electronic components. As the complexity and miniaturization of components continue to rise, the market for testing and screening technologies is expected to grow. The North American region held a major share of the market in 2022, contributing to nearly 35% of the overall market value, attributed to the region’s strong presence of electronics manufacturers and a high adoption of advanced testing technologies. Furthermore, Europe and Asia Pacific are anticipated to witness considerable growth due to increasing investments in electronics R&D and the expansion of manufacturing capabilities in emerging economies like China and India.
Asia Pacific is expected to register the highest CAGR of approximately 8.2% from 2023 to 2030. The growing electronics manufacturing hub, especially in countries like China, India, and South Korea, coupled with a robust demand for consumer electronics, drives this growth. The automotive sector, particularly in Japan and South Korea, is also a key driver, where testing of semiconductor components is crucial. The market in Europe is forecasted to grow steadily, with the development of industrial automation, electric vehicles, and advancements in semiconductor technology. In Latin America and the Middle East & Africa, while the market is still in the early stages, rising demand for consumer goods and the establishment of new production facilities are expected to create significant opportunities for market expansion in the coming years.
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Electro Product Management
Alter Technology
Guangzhou GRG Metrology & Test
SERMA Technologies
Global Electronics Testing Services
eComp
AAA Test Lab
Advanced Component Testing (ACT)
HTV Group
XICE
Weiss Technik
TÃœV Rheinland
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electronic Component Testing and Screening Market
Functional Testing
In-Circuit Testing (ICT)
Automated Optical Inspection (AOI)
Boundary Scan Testing
Environmental Testing
Passive Components
Active Components
Electromechanical Components
Optoelectronic Components
Integrated Circuits
Consumer Electronics
Automotive
Aerospace and Defense
Telecommunications
Medical Devices
Laboratory Testing
On-Site Testing
Production Line Testing
Field Testing
Development Phase Testing
Oscilloscopes
Multimeters
Signal Generators
Test Probes and Fixtures
Advanced Test Software
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electronic Component Testing and Screening Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electronic Component Testing and Screening Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electronic Component Testing and Screening Market, By Type
6. Global Electronic Component Testing and Screening Market, By Application
7. Global Electronic Component Testing and Screening Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Electronic Component Testing and Screening Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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