Printed circuit board assembly (PCBA) is a cost-effective hardware device used in mechanical, process, electrical, electronic, military, and medical equipment providing automated and digital functionalities for users. Keeping high quality standards in the PCBA production process is a major challenge for the electronics production industry. Defective PCBAs are submitted to analysis, debug, and repair processes. This paper presents an augmented reality (AR) fault diagnosis support system for assembled electronic systems—the Cadence inspectAR Augmented Reality Electronics Platform. The system’s functional concept and components are described. The steps of the diagnostic process are presented and discussed. The diagnostic capabilities of the system are illustrated with an example of the system’s use in industrial practice. The planned steps in the development of the elaborated system are indicated.