Global Boundary Scan Hardware Market Outlook
Players in the industrial automation and equipment industry continue to face an environment that remains hyper-competitive. Evolution in end-user demand is influencing players in the industrial automation and equipment landscape to optimize their manufacturing process. Sluggishness in the oil & gas industry, muted growth in automotive sales, and stagnancy in the agriculture sector have posed challenges to players in the recent past.
Continuous advances are witnessed in the progressive integration of information technology (IT) and operational technology (OT), along with the evolution of business systems for handling real-time transaction processing. Building blocks are being offered by innovators, designed specifically for accomplishing the aim of ‘connected enterprise’. New intelligent nodes, operating at the network edge for improving efficiency and performance of manufacturing processes, are offered by rapid propagation of technologies & concepts associated with Internet of Things (IoT).
PMR utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any. In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.
PMR collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.
In this phase, PMR validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.
Data Analysis and Projection
Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.
For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.
Specific Report Inputs
The report has specifically focused on manufacturers of boundary scan hardware and their offerings. It is based on the analysis of key regions that are ruling the electronic and IT & telecom industry, which marks a major part of the demand for boundary scan hardware. There is also an examination of new products that are projected to be coming up soon in the market. The demand for such products has a direct impact on the boundary scan hardware market, which is used for the testing of these products. The market study also scopes some recommendations for market stockholders. In brief, these recommendations encourage consultation between boundary scan hardware solution providers, for which technological advancements should be an agenda
IT & Telecom sector to boost global demand for boundary scan hardware in the coming years
The research report on the global boundary scan hardware market includes study of boundary scan hardware used for board level & PCB testing and hardware that meets IEEE 1149.X standards. The outcomes of this comprehensive research report reveals that the global boundary scan hardware market benefits the most with the rapid growth of the global electronics industry and growing demand for smart gadgets among people. Boundary scan hardware has the potential to facilitate advanced products testing an efficient and cost saving process. The hardware holds great importance in the market with an exponential rise in the usage of smart phones and increase in demand for products that are in-sync with the latest technology introduced in the industry.
The end-use industries of the boundary scan hardware market includes medical, IT & telecom, consumer electronics, automotive electronics, defense, and others. Among these, the IT & telecom sub-segment is expected to grow at a relatively higher CAGR of 8.5% during the forecast period, owing to an increase in the number of dense circuit boards and adoption of boundary scan solutions to discover assembly defects quickly and accurately. However, the current market scenario depicts a higher market share of boundary scan hardware in the consumer electronics industry, which is expected to hold a market value of over US$ 380 Mn by the end of 2026.
The diverse offerings of boundary scan hardware to help build a strong market presence in various industries
Boundary scan hardware provides special assistance in a lot of ways. It is used to curb problems such as device complexity and fine pitch components such as surface-mount technology, system-in-package, multi-chip modules, increased IC count, and smaller PCB traces. Along with this, it also helps manufacturers provide better electronic products by using speedy test methodology in a cost-effective manner. The boundary scan hardware has also found its way in the market with the demand for advanced testing equipment. The development of testing and measuring tools and technology to overcome the limitations of traditional systems is one of the major factors fueling revenue growth of the global boundary scan hardware market. There is also an introduction of embedded instrumentation in the market. Embedded instrumentation involves the integration of testing and measurement instrumentation into semiconductor chips or integrated circuit devices for performing multiple testing, such as boundary scan testing, process control testing, and I/O instrumentation testing. The embedded instrumentation method helps in providing more functions and delivers more efficient results with high accuracy.
Some industries are still reluctant to using boundary scan hardware
Many small industries or manufacturers do not have the knowledge required for the use of new testing technologies. Some also witness a hike in their operational costs. On the other hand, some manufacturers offer products with complex integrated circuits that doesn’t go well with the boundary scan testing method. As such, the complexity of modern systems has made functional test preparation an extensive job. Moreover, the faults found in functional testing are very complex, which requires highly skilled technicians. Due to such reasons, testing is mostly performed at the printed circuit board (PCB) level prior to system testing.