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Global Automated Test Equipment Market Segmentation By Product Outlook (Non-Memory, Memory, Discrete), By Vertical Outlook (Automotive, Consumer, Aerospace & Defense, IT & Telecommunications, Others) and Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) and – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: May, 2022
ID: 13051
Pages: 175
Formats: report pdf report excel report power bi report ppt

Automated Test Equipment Market Size, Growth (2022-2027):

The global Automated Test Equipment market size was estimated at USD 6.44 billion in 2021 and is set to grow at a CAGR of 4.2% from 2022 to 2027, to reach USD 9.52 billion by 2027.

Automated Test Equipment Market

Automated Test Equipment Market Scenario:

Automatic test equipment, also known as automated test equipment, is a type of computerized machinery that uses test instruments to evaluate and conduct quality, performance, functionality, and stress testing on electronic equipment and systems. Furthermore, electronics such as printed circuit boards (PCBs), integrated circuits (ICs), and hard disc drives are tested using automatic test equipment (HDDs). Also known as a unit under test, the device under test, and equipment under test, devices used to test automatic test equipment for PCBs are referred to as unit under test, device under test, and equipment under test. Furthermore, the autonomous test system is meant to eliminate broad variability troubleshooting in order to achieve consistency in test and cycle times. Semiconductor automatic test equipment uses data from a variety of signals and devices, including digital storage oscilloscopes, digital multimeters, LCR meters, arbitrary waveform generators, and radiofrequency or vector signal generators, to monitor, and control, and collect data. Furthermore, next-generation automatic test equipment is meant to digitize and automate existing manual testing equipment, methods, and processes in order to save time and money throughout the testing process.

Recent Developments in the Automated Test Equipment Industry:

  • Over RM60 million in orders for semiconductor automated test equipment have been placed with Aemulus Holdings Bhd, which will be delivered over the next 36 months.
  • Environmental Stress Systems, Inc. was bought over completely by Chroma ATE Inc. (ESS). Thermal forcing systems with temperatures ranging from -104°C to +175°C are the company's principal product. This technology allows Chroma to expand their temperature management expertise in semiconductor test equipment and meet the wafer market's testing needs for extremely low and high temperatures.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

4.2%

Segments Covered

By Product Outlook, Vertical Outlook and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Aemulus Holdings Bhd, Chroma ATE Inc, Aeroflex Inc, Astronics Corporation, Advantest Corporation, LTX-Credence Corporation, Teradyne Inc, STAr Technologies Inc, Tesec Corporation, Roos Instruments and Others.

Automated Test Equipment Market Growth:

The increased usage of data diagnostic and acquisition tools for testing electronic applications in the aerospace and defense, as well as the industrial automation sectors, presents considerable growth prospects for the automatic test equipment market.

Automated Test Equipment Market Drivers:

The automated test equipment market growth is being fueled by the use of Automated Test Equipment (ATE) in the automotive and semiconductor industries. Due to significant growth in the number of connected home appliances electronics, as well as a growing emphasis by firms on performance optimization and end-to-end testing solutions, the automated test equipment market is likely to grow further. The employment of modern technologies in semiconductor manufacturing enterprises to increase dynamic performance, rapid reaction, and eventually lower the cost of semiconductor devices is expected to have a positive impact on the global automated test equipment test equipment market growth during the forecast period.

Automated Test Equipment Market Restraints:

Costs connected with automation testing equipment are a key hindrance to the global automated test equipment market's development in general. Expensive capital expenditures, along with the difficulty of linking the device under test (DUT) with other systems, are significant restraints restricting the global automated test equipment market's growth. During the forecast period, the market for Automated Test Equipment is expected to be hampered by the unpredictability of semiconductor demand.  

Automated Test Equipment Market Segmentation Analysis:

By Product Outlook:

  • Non-Memory ATE
  • Memory ATE
  • Discrete ATE

In 2022, the non-memory ATE category dominated the automated test equipment market, accounting for over 66 percent of worldwide sales. The global automated test equipment market dynamics have shifted dramatically as a result of recent advances in IoT devices and autonomous cars, as well as substantial improvements in the defense and aerospace industries. Companies are concentrating on improving customer satisfaction by assuring a faster time-to-market, higher product quality, and minimal testing costs. These elements operate as important automated test equipment market growth drivers.

Non-memory, memory, and discrete automated test equipment are the three types of products in this category. The growing complexity of semiconductor chip production necessitates a large increase in test cost and time. One of the key elements driving growth is semiconductor businesses' focus on lowering testing costs and using outsourced equipment for the testing process rather than in-house development.

By Vertical Outlook:

  • Automotive
  • Consumer
  • Aerospace & Defense
  • IT & Telecommunications
  • Others

In 2020, the IT and telecoms ATE category dominated the global automated test equipment market, accounting for more than 48% of worldwide sales. Moreover, the global automated test equipment market is divided into five verticals: automotive, consumer, aerospace and defense, IT and telecommunications, and others. Financial Services, Banking and Insurance (BFSI), entertainment, e-commerce, and medical care are among the other segments. The demand for ATE is predicted to rise as the use of automatic test equipment in the semiconductor assembly and production sector expands. Over the projection period, the IT and telecommunications vertical is predicted to have a large automated test equipment market share in the next six years.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Automated Test Equipment Market Regional Analysis:

In 2020, the Asia Pacific region dominated the global automated test equipment market, accounting for more than 75% of worldwide revenue. Because of the considerable presence of semiconductor companies, the area is predicted to dominate during the projection period. China and Taiwan are predicted to have the highest revenue share in the area. Future technologies like as adaptive testing, enhanced Design-For-Test (DFT), quicker mixed-signal testers, fine-pitch probe cards, and design standards are predicted to drastically alter market dynamics. Increased government attempts to create innovative manufacturing processes in countries such as China, Indonesia, Malaysia, Singapore, Thailand, and Taiwan are also projected to enhance growth.

Because of the growing use of automated test equipment in the aerospace and military industries, throughout the forecast period, the North American area is likely to see significant revenue growth in the global automated test equipment market.

Europe is a large market for consumer electronics, and the semiconductor sector is reviving due to increased use of semiconductor autos and increased sales of automobiles. The automated test equipment market will increase in tandem with the semiconductor sector. Consumers in Europe demand high levels of precision and quality from their devices, and semiconductor and electronic goods manufacturers will continue to invest in automated test equipment to achieve these needs.

Key Players in the Market:

Major Key Players in the Global Automated Test Equipment Market are

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FAQ's

What can be the total Automated Test Equipment market value?

The global Automated Test Equipment market was estimated at USD 6.44 billion in 2021 and is going to reach USD 9.52 billion by 2027.

Which is the region which has the largest share in the Automated Test Equipment market?

With a market share of 75.7 percent in 2022, Asia Pacific led the Automated Test Equipment market. This is due to a large number of semiconductor companies in the area. China and Taiwan are predicted to have the highest revenue share in the area.

Name any three Automated Test Equipment market key players?

Aeroflex Inc., Teradyne Inc., and Tesec Corporation are the three Automated Test Equipment key players.

What is the major effecting factor in the Automated Test Equipment market?

The automated test equipment market has significant development opportunities due to the rising use of data diagnostic and acquisition tools for testing electronic applications in the aerospace and military, as well as the industrial automation sectors.

What is the market's growth rate for automated test equipment?

From 2022 to 2027, the worldwide automated test equipment market is predicted to increase at a compounded yearly growth rate of 4.2%.

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