The Global Automated test equipment market size is expected to reach USD 15.67 billion by 2028 from USD 9.33 billion in 2022, registering a CAGR of 8.6% from 2023 to 2028.
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.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022 – 2028 |
Base Year |
2022 |
Forecast Period |
2023 - 2028 |
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. |
Increase in adoption of electronic systems worldwide.
The increase in penetration of consumer electronics like laptops, tablets, computers, and smartphones and further technological advancements are fueling the market growth in the forecast period. 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.
High purchase and maintenance cost
The cost of automated testing equipment hinders the market growth during the forecast period. 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.
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.
Key Players in the Market:
Major Key Players in the Global Automated Test Equipment are
FAQ's
The Automated test equipment market is expected to reach USD 15.76 billion by 2028.
The Asia-Pacific region has the largest share of the automated test equipment market.
Aemulus Holdings Bhd, Chroma ATE Inc., Aeroflex Inc. (a subsidiary of Cobham plc), Astronics Corporation, Advantest Corporation, LTX-Credence Corporation, Teradyne Inc., STAR Technologies Inc. (a subsidiary of Innotech Corporation) and Tesec Corporation are the key players in the market.
The market is expected to register at a CAGR of 8.6% during the forecast period 2023-2028.
High purchase and maintenance costs, lack of precision testers, and customization of every device are restraining factors for market growth.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: sales@marketdataforecast.com