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The rapid deployment of smart devices demands for the integration of additional electrical and communication components in devices. Evaluation board functions as a testing board for electrical devices that connects to ICs and other electronic devices. Technavio’s market study identifies the growing adoption of IoT devices to be one of the primary growth factors for the evaluation board market. The demand for evaluation boards is steadily increasing supported by the growing adoption of new gadgets and increasing consumer demands for upgraded devices. OEMs along with IoT devices and sensor manufacturers are demanding for evaluation boards to get the devices tested, contributing to the growth of the development board market. Our market analysts estimate that the market will grow steadily at a CAGR of close to 7% by 2021.
End-users of test equipment are demanding for integrated test equipment over traditional standalone equipment due to the various benefits offered. Integrated and modular test equipment can perform multiple tests simultaneously, while saving cost and time. To attain competitive advantage among the competitors, several general-purpose test equipment vendors are offering integrated test equipment to their customers. Need for this equipment is proportionately influencing the need for evaluation boards. The increased demand for integrated test equipment is identified to be one of the key factors having a positive impact on the evaluation board market.
The evaluation board market appears to be highly concentrated owing to the strong market presence of few established vendors. These vendors dominate market operations due to their specialized product portfolio and strong customer base. Moreover, these vendors also focus on establishing partnerships with customers to enable system designers to acquire knowledge of evaluation board architectures before designing the system.
The leading vendors in the market are
The increasing preference of consumers to own smart, efficient, and power-saving household equipment is encouraging the manufacturers to deliver household products with advanced semiconductor equipment. These advanced equipment’s provide high performance with better functionalities and reduced power consumption and maintenance costs by integrating evaluation boards. Incraesing demand for consumer electronics will contribute to the growth of the consumer electronics segment in the development board market.
APAC will be the major revenue contributor to the development board market due to the high adoption of consumer electronics and the presence of several leading testing centers located in this region. Also, this region is witnessing increasing demand of evaluation boards for automotive applications. This increasing demand is consequent in setting up of OEMs and ODMs, contributing extensively to the growth of the evaluation board market in APAC.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET SIZING
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: REGIONAL LANDSCAPE
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: KEY VENDOR ANALYSIS
PART 13: APPENDIX
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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