Boundary scan solutions are essential for reducing the development and production costs of products. A new research report by Persistence Market Research titled ‘Boundary Scan Hardware Market: Global Industry Analysis (2013–2017) and Forecast (2018–2026)’ is an overview of the current market scenario as well as the future growth prospects of the market.
According to the research study, the global boundary scan hardware market is expected to hold a market value of over US$ 1,500 Mn by the end of 2026, growing at an impressive rate of 7.7% during the forecast period 2018-2026.
Global Boundary Scan Hardware Market: Overview
The electronics market is ever changing and rapidly developing. There is also an increase in the number of electronic goods used by the people. Boundary scan solutions are essential for reducing the development and production costs of products. Additionally, this technology can be applied to the whole product lifecycle, including product design, prototype debugging, production, and field service. The increasing complexity and functionality of printed circuit boards have created potential opportunities for the growth of the boundary scan hardware market. On a macro-economic level, the growth of boundary scan hardware is driven by growing investments in the Internet of Things (IoT).
The market is experiencing surging demand for new and advanced testing and measuring equipment. Companies around the world are continuously focusing on developing smaller electronic devices with higher functionality, and due to this, the demand for new and advanced testing and measuring equipment is constantly increasing. Boundary scan hardware is considered to be an efficient as well as a cost saving technique of testing that can be used in advanced product lines.
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Global Boundary Scan Hardware Market: Regional Analysis
The growth of boundary scan hardware is expected to be higher in the regions that have a strong hold on the electronics and automotive markets. According to the market forecast, North America holds the highest market share in the global boundary scan hardware market with a market value of over US$ 400 Mn by the end of 2026.
However, the regions that are currently witnessing mushrooming industrial growth are likely to hold better prospects for the growth of the boundary scan hardware market in the years ahead. The research reveals that SEA and the rest of APAC is expected to witness a stellar growth rate of 8.9% during the forecast period. This is a result of rapid growth in the region’s electronics and automotive markets.
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Global Boundary Scan Hardware Market: Competitive Landscape
- JTAG Technologies
- GOEPEL electronic
- ASSET InterTech.
- Acculogic Inc.
- Flynn Systems Corporation
- XJTAG Limited
- CORELIS (EWA Technologies)
- Keysight Technologies
- Teradyne, Inc.