Global Evaluation Board Market 2017-2021

Overview of the global evaluation board market

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.

Competitive landscape and key vendors

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

• Analog Devices
• Infineon Technologies
• Integrated Device Technology
• Maxim Integrated
• NXP Semiconductors
• STMicroelectronics
• Texas Instruments

Segmentation by application and analysis of the evaluation board market

• Consumer electronics
• Industrial

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.

Geographical segmentation and analysis of the evaluation board market

• Americas
• APAC
• EMEA

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global evaluation board market?
• What are the key market trends impacting the growth of the global evaluation board market?
• What are the challenges to market growth?
• Who are the key vendors in the global evaluation board market?
• What are the market opportunities and threats faced by the vendors in the global evaluation board market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global evaluation board market?

Technavio also offers customization on reports based on specific client requirement.