The global automated test equipment market was worth USD 10.13 billion in 2023. The global market size is expected to reach USD 21.28 billion by 2032 from USD 11 billion in 2024, registering a CAGR of 8.6% during the forecast period.
Automated test equipment is an automated machinery that performs tests and evaluates the functionality, quality, performance, and safety of those who use electronic devices and systems. The devices that would be assessed will be referred to as devices under test (DUT), units under test (UUT), and equipment under test (EUT). ATE tests devices such as semic conductor wafers, integrated circuits (ICs), printed circuit boards (PCBs), and hard disk drives (HDDs). Automated test equipment is used for testing in various industries, including wide applications in the testing of electronic components and systems in the electronic manufacturing industry. Further, in the automotive sector, it is used to test electronic modules in automobiles, and in industrial automation, It tests whether the parameters are set as per requirement. Even defense applications like radar and wireless communication are tested. It is also used in aerospace and many other industries for testing fabricated systems.
Further, the expansion of the semiconductor manufacturing industry globally is propelling the market expansion. In addition, the increase in demand for electrical components in the automotive industry and the rise in craze for body ware gadgets like smart watches is expanding the growth of the automated test equipment market. Even the growing market for portable devices pushes the demand for inline test equipment. Several other factors like government initiatives towards automation in the Asia Pacific and north american regions, a large expansion of mobile networks in developing countries, increase in adoption of 5 G technology and IOT in different sectors are driving the automated test equipment market.
The maintenance services involve any repairs, calibration issues, and misconfiguration can be costly. Further lack of precision testers for advanced technologies will hamper the growth of the automated test equipment market. Moreover, testing equipment should be customized as per the requirements of the industry. These factors can restrain market expansion.
Automated test equipment companies are doing research and development to test devices at different stages, and trying to innovate advanced devices that have higher compatibility is creating lucrative opportunities for the market. Further, the companies are trying to integrate every process with existing software can be a new opportunity for the test equipment market. Moreover, the rise in electrification in most sectors provides numerous opportunities for market expansion.
The global pandemic has spread to almost 200 countries at an alarming pace, and containment of viruses and vaccination have become top priorities of every nation. Many countries like the U.K., Sri Lanka, Brazil, and Italy have even faced economic crises. Globally every nation is facing the uncertainty of employment, rise in inflation, and unavailability of essential goods and services. Further, several supply and demand mismatches in both developing and developed countries have negatively impacted interconnected economies globally. Many prime businesses have stalled and scrapped their projects due to government restrictions and supply chain disruptions. This outbreak has an economic impact and implications on global markets. The automated test equipment market has a mixed impact worldwide. During the Pandemic, there has been a decrease in demand for automated test equipment in notable industries such as automotive and heavy industries. This decreased the sales in the initial period of COVID-19. However with the increase in demand for working remotely has increased the demand for IT products, which in turn increased the market for automated test equipment.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
8.6% |
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Segments Covered |
By Product Type, Vertical and Region |
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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 |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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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. |
The non-memory automated test equipment segment holds the largest market share during the forecast period. The advancements in the aerospace and defense sectors are driving the market. Further, companies are focusing on the customization of test devices as per requirements in particular industries. This ensures producing superior-quality products at a faster rate. Moreover, advancement in IOT is driving the automated test equipment market growth.
The IT and Telecommunications segment is anticipated to record the largest market revenue during the forecast period. The increase in the application of electrical components to automate the industry and the rise in the usage of smartphones are fuelling the segment in the market. Further expansion of mobile networks in developing countries can contribute to market expansion. In addition, an increase in the application of automated test equipment in the semiconductor industry is expected to propel the IT and telecommunication segment. Following growth is observed Aerospace& Defence segment during the forecast period owing to the adoption of intricate devices. The electronic devices of military and aerospace should have high quality. Hence there should be no fault in manufacturing, and it should be thoroughly checked with automated test equipment. This is driving the market growth in the segment.
The Asia Pacific segment accounted for 75% of the share in the market and is anticipated to generate a revenue of more than USD 15 billion by 2028. the region dominates the market during the forecast period attributed to the presence of key market players in semiconductor industries in the region. Countries such as China and Taiwan are the largest semiconductor manufacturers globally and hold the maximum regional share in the market. Further, countries such as China, Taiwan, Indonesia, Malaysia, Singapore, and Thailand governments are taking initiatives for Industrial automation is bolstering the market expansion in the region. Moreover, advanced technologies such as adaptive testing, faster mixed-signal testers, and fine pitch testers will probably be changing the dynamics in the region. Even the North American region is anticipating a healthy gain in market share during the forecast period. Factors such as an increase in demand for low-cost consumer products and a rise in the semiconductor industry are driving the market. Further deployment of automated testers in the aerospace industry of the U.S. is significantly driving the automated test equipment market in the region.
Major Key Players in the Global Automated Test Equipment are
In 2023, Astronics Corporation bagged an IDIQ contract to support U.S marine Corps handheld radio test set program. The company will provide portable radio test capability for communicating systems that are designed to handle remote positions.
In 2021, Marvin Test Solutions, Inc.’s innovative 5G mm-wave test system was being broadly used by multiple leading semiconductor manufacturers. This enables manufacturers to meet high production requirements for mm-wave semiconductor devices.
By Product Type
By Vertical
By Region
Frequently Asked Questions
The primary drivers include the increasing complexity of electronic devices, the growing demand for consumer electronics, advancements in automotive technologies, and the rise of the Internet of Things (IoT). Additionally, the need for efficient testing solutions in semiconductor manufacturing also propels the market growth.
The major types of ATE include Semiconductor ATE, Non-Semiconductor ATE, and Radio Frequency (RF) Test Equipment. Semiconductor ATE is the most prevalent, used extensively for testing integrated circuits (ICs) and chips.
Key technological advancements include the development of 5G technology, which necessitates advanced RF testing equipment, and the growing complexity of semiconductor devices, which drives the need for more sophisticated and efficient ATE solutions.
The future outlook for the ATE market is positive, with expected growth driven by advancements in semiconductor technology, increasing adoption of IoT devices, and the expansion of the automotive electronics market. Innovations in ATE technology and growing demand in emerging markets will also contribute to the market's growth.
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