PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485730
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485730
Automated Test Equipment Market size was valued at USD 7,589.43 million in 2023, expanding at a CAGR of 3.5% from 2024 to 2032.
Automated Test Equipment (ATE) are sophisticated system designed to perform tests on electronic devices, components, and systems automatically. These systems are used across various industries, including electronics manufacturing, aerospace, automotive, telecommunications, and more. The market will expand as a result of the growing demand for System on Chip devices. Additionally, it is projected that the market will grow due to the rise in electronic components used in cars and the quick rise in demand for electric vehicles. Moreover, technological advancements combined with the intricate designs of electronic components that require critical testing would have a beneficial effect on the market expansion for automated test equipment.
Automated Test Equipment Market- Market Dynamics
Increasing Applications in Electronic & Semiconductor Devices
Automated Test Equipment (ATE) plays a crucial role in the electronics and semiconductor industries by providing efficient and accurate testing of devices throughout the manufacturing process. ATE systems can be customized to accommodate the specific testing requirements of different electronic and semiconductor devices. This flexibility allows manufacturers to adapt to evolving technologies and product specifications. In October 2023, the Indian government established four Automated Testing Stations (ATS) in Tinsukia, Jorhat, Biswanath, and North Salmara. ATE platforms can be customized and programmed to perform specific test procedures tailored to the requirements of different devices and applications, providing flexibility and adaptability in testing.
Automated Test Equipment Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 3.5% over the forecast period (2024-2032)
Based on product segmentation, non-memory ATE was predicted to show maximum market share in the year 2023
Based on application segmentation, IT & telecommunication was the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Automated Test Equipment Market is segmented based on Type, Product, End User, and Region.
The market is divided into four categories based on product: The Automated Test Equipment market data comprises Memory ATE, Non-Memory ATE, and Discreet ATE based on Components. The market for automated test equipment is led by the non-memory ATE segment. The market dynamics have undergone a significant shift due to recent breakthroughs in autonomous vehicles, IoT devices, and the defence and aerospace sectors.
The market is divided into six categories based on end users: Automotive, Consumer Electronics, Aerospace & Defense, IT & Telecommunication, Healthcare and others. The demand for ATE is anticipated to be driven by the growing use of automatic test equipment in the semiconductor assembly and production sector. Throughout the projection period, a sizable market is anticipated in the IT and telecommunications area.
Automated Test Equipment Market- Geographical Insights
The main factor propelling the expansion of the ATE market in North America, particularly the United States, has been determined to be the expanding consumer desire for affordable goods combined with a continuous increase in acceptance in the semiconductor industry. Even though ATE is quite expensive, over time it will prove to be a cost-effective solution because it can evaluate a lot of samples with little assistance from humans. Furthermore, by offering incentives and tax breaks, the governments of developing countries like China and India will promote the construction of fabrication facilities. It is expected that these fabrication facilities would improve semiconductor equipment manufacturing capabilities, including automated test equipment, assembly, and packaging. The Asia-Pacific automated test equipment market is anticipated to grow more quickly as a result of these factors.
Prominent industry participants are making significant R&D investments to broaden their product offerings, contributing to the market's further expansion for Automated Test Equipment. Major players in the Automated Test Equipment market, including Cobham Plc, Chroma ATE Inc., Astronics Test Systems, Teradyne Inc., Agilent Technologies Inc., Roos Instrument Inc., National Instrument Corporation etc. In addition, market participants are engaging in a range of strategic endeavours aimed at broadening their market reach. For instance, in December 2021, Delta, a leading manufacturer of power supplies utilized decades of R&D and manufacturing experience on power supplies to develop a highly efficient power supply automated testing system. The system allows testing procedures to be edited easily using software, giving users automated testing capacity that can substantially accelerate the product verification process.
In March 2023, Automotive testing supplier, AB Dynamics developed a new, highly manoeuvrable target platform to more thoroughly test ADAS and AV technology.
In January 2024, Analog Devices, Inc. (ADI) and Rohde & Schwarz unveiled their new automated test solution for wireless battery management systems (wBMS). It is tailored for verification and mass production tests of wireless device tests, building on existing efforts for wBMS RF robustness testing.
GLOBAL AUTOMATED TEST EQUIPMENT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Aemulus Corporation
Chroma ATE Inc.
VIAVI Solutions Inc.
Astronics Corporation
ADVANTEST CORPORATION
Cohu, Inc
Teradyne Inc.
STAr Technologies Inc.
TESEC Corporation
Roos Instruments
Marvin Test Solutions, Inc.
Danaher
Others