Evaluation Boards - Global Strategic Business Report

The global market for Evaluation Boards was estimated at US$4.4 Billion in 2024 and is projected to reach US$7.4 Billion by 2030, growing at a CAGR of 9.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Evaluation Boards market.

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.

SCOPE OF STUDY:

The report analyzes the Evaluation Boards market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Application (Consumer Electronics Application, Automotive Application, Industrial Automation Application, Aerospace & Defense Application, Other Applications)
• Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Consumer Electronics Application segment, which is expected to reach US$2.6 Billion by 2030 with a CAGR of a 9.3%. The Automotive Application segment is also set to grow at 10.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $1.2 Billion in 2024, and China, forecasted to grow at an impressive 8.7% CAGR to reach $1.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Evaluation Boards Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Evaluation Boards Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Evaluation Boards Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Advanced Micro Devices, Inc., Analog Devices, Inc., Broadcom, Inc., Diolan, Firecomms Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Evaluation Boards market report include:

• 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

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.