Evaluation Boards

Evaluation Boards

Global Evaluation Boards Market to Reach US$7.4 Billion by 2030

The global market for Evaluation Boards estimated at US$4.0 Billion in the year 2023, is expected to reach US$7.4 Billion by 2030, growing at a CAGR of 9.1% over the analysis period 2023-2030. Consumer Electronics Application, one of the segments analyzed in the report, is expected to record a 9.4% CAGR and reach US$2.6 Billion by the end of the analysis period. Growth in the Automotive Application segment is estimated at 10.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.0 Billion While China is Forecast to Grow at 8.8% CAGR

The Evaluation Boards market in the U.S. is estimated at US$1.0 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 8.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.4% and 7.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.

Global Evaluation Boards Market - Key Trends & Drivers Summarized

How Are Evaluation Boards Enhancing the Development of Electronic Prototypes?
Evaluation boards have become crucial tools for engineers and designers in the process of developing, testing, and validating electronic circuits and systems. These boards are designed to provide a practical environment where integrated circuits (ICs) and modules can be tested for performance under real-world conditions, allowing designers to validate different components before integrating them into their final designs. The growing complexity of electronic devices, driven by rapid advancements in sectors like telecommunications, automotive, and consumer electronics, has elevated the importance of evaluation boards. These tools allow engineers to optimize performance and troubleshoot design issues, speeding up development cycles and ensuring high reliability in production.

What Drives the Adoption of Evaluation Boards Across Industries?
The increased use of evaluation boards in the semiconductor industry can be attributed to several factors, including the accelerated pace of technological innovation and the need to reduce time-to-market for new electronic products. As competition in sectors such as consumer electronics and IoT intensifies, the ability to quickly prototype and verify designs is invaluable. Evaluation boards enable this by providing developers with plug-and-play solutions that make prototyping faster and more efficient. The adoption of boards like system-on-chip (SoC) and microcontroller evaluation kits has increased significantly due to their ability to showcase IC capabilities, and facilitate firmware testing, thus allowing engineers to refine their final product more effectively.

How Are Innovations in Evaluation Boards Supporting Emerging Technologies?
Technological advancements in evaluation boards are being driven by the requirements of cutting-edge fields such as AI, 5G, and IoT. Manufacturers are increasingly focusing on providing specialized evaluation boards tailored to these applications, equipped with features like enhanced wireless capabilities, AI accelerators, and multiple sensor inputs. For example, evaluation boards for AI applications often include support for neural network processing, which assists developers in building and testing machine learning models directly on the hardware. This trend helps companies ensure that their end products can meet the stringent performance, connectivity, and power efficiency requirements demanded by the latest tech applications.

What Drives the Growth in the Evaluation Boards Market?
The growth in the evaluation boards market is driven by several factors, including the increasing complexity of electronic components, the growing need for rapid prototyping, and the rising adoption of IoT and AI-driven devices. The emphasis on faster product development cycles in industries like automotive, where the shift to electric and autonomous vehicles requires extensive testing, has fueled demand for evaluation boards. In the consumer electronics sector, the desire to integrate advanced features such as augmented reality (AR) and 5G connectivity also necessitates comprehensive evaluation before product release. Additionally, the availability of cost-effective, highly capable evaluation boards that reduce both development time and overall R&D costs has further propelled their adoption across multiple sectors.

Select Competitors (Total 42 Featured) -

• Advanced Micro Devices, Inc.
• Analog Devices, Inc.
• Broadcom, Inc.
• Diolan
• Firecomms Ltd.
• Infineon Technologies AG
• Microchip Technology, Inc.
• Nordic Semiconductor ASA
• NXP Semiconductors NV
• RECOM Power GmbH

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