Automated Test Equipment Market Size Report, Share and Growth Analysis 2030

Automated Test Equipment Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Integrated Circuits (ICs) Testing, Printed Circuit Boards (PCBs) Testing, Hard Disk Drives (HDDs) Testing, and Others), Component (Industrial PCs, Mass Interconnect, and Handler/Prober), and End User (Consumer Electronics, Automotive, Medical, Aerospace & Defense, IT & Telecommunication, and Other Industries)

Publication Month : Dec 2023

  • Report Code : TIPTE100000899
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 167
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[Research Report] The automated test equipment market size was valued at US$ 6.1 billion in 2022 and is expected to reach US$ 10.6 billion by 2030. The automated test equipment market is estimated to record a CAGR of 7.2% from 2022 to 2030.

Analyst Perspective:

The expansion of the semiconductor industry is driving the automated test equipment market. The global semiconductor market is expected to upsurge at a yearly growth rate of 11.8% in 2024, reaching US$ 515 billion, according to the latest release from World Semiconductor Trade Statistics. Automotive manufacturers highly adopt semiconductors in their manufacturing and assembling processes. However, noteworthy growth has been observed in the automotive industry’s semiconductor demand due to advancements in automotive electronics, which are fueling the automated test equipment market growth. Furthermore, continuous demand for semiconductors, especially for 3D NAND flash memory and DRAM, in the IT & telecom industry encourages memory semiconductor manufacturers to invest and increase their production capacity.

Technological advancement in the consumer electronic industry, coupled with the introduction of innovative features such as face recognition in mobile phones by Apple Computer, is driving the automated test equipment market growth. The face recognition feature is integrated into many applications such as other mobile phones, access control, automotive, and unmanned vehicles, increasing the demand for various product components in the coming years. The shortage of materials may cause difficulties in fulfilling consumer demand for electronics. This further encourages manufacturers to make significant investments in expanding production, creating demand for related test instruments by propelling the automation test equipment market in the coming years. However, increasing complexity in consumer electronics design and growing automotive demand are projected to fuel the demand for semiconductor-automated test equipment worldwide.

Automated Test Equipment Market Overview:

Automated test equipment (ATE), also known as automatic testing equipment, is a computerized machinery that is used to test the performance, functional, qualification, and safety requirements of electronic systems, subsystems, and devices. The ATE system allows manufacturers to validate and verify various electronics integrated into automotive products. The system helps manufacturers to reduce human intervention involved in manual testing by accelerating consistently running cycles of tests in the product development process. Protect testing reduces minimal chances of human errors by increasing the ability for troubleshooting. Organizations use automated test equipment to deliver quality products to customers.

Growing demand for semiconductors among various industries such as consumer electronics, automotive, healthcare, and IT & telecom are driving the automated test equipment market. The automated test equipment market is a highly concentrated market, with only a small chunk of leading semiconductor manufacturers, testing players, and foundries accounting for a larger share of total market revenue in the semiconductor and component testing industry. The market is likely to become even more intense in the near future due to growing merger and acquisition activities. Big players in the market are planning to acquire smaller semiconductor participants for the progression of their business.

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Automated Test Equipment Market: Strategic Insights

Market Size Value inUS$ 6.1 billion in 2022
Market Size Value byUS$ 10.6 billion by 2030
Growth rateCAGR of 7.2% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Automated Test Equipment Market Driver:

Rising Demand for Robust Testing Method Drives Automated Test Equipment Market Growth

The consumer electronics industry is evolving at an exponential pace. The rising demand from consumers has encouraged suppliers to provide differentiated products and be the first movers in the market. A tough competition with peers in the consumer electronics industry has resulted in price wars, leading to decreasing profitability for the manufacturers. As a result of these factors, manufacturers strive continuously for innovations in their product offerings. More manufacturers have been curious about becoming the pioneers of new products in the market. The analog-to-digital conversion brought many new standards in audio and video, which improved the quality and affordability of the multimedia digital experience.

The rise of broadband has made accessing media easy and rewarding for consumers due to the rich quality enabled by the digital revolution. The proliferation of smart products is driving the need for engineers to improve electronic product design and focus on delivering lower cost, lower power, and higher performance through the integration of discrete functions.

Today’s smart products comprise complex electronic systems that need flawless operation to deliver effective performance in the real world. Growing demand for device miniaturization to support faster data rates, multiple wireless technologies, and longer battery life is propelling the automated testing equipment market. Additionally, the demand for numerous features on a single device is raising complexity in the design of circuit boards. For example, a smartphone includes features such as a camera, calling function, torch, storage drives, connectivity with other devices, compatible ports for connections, a multimedia player, and many other functions. Similarly, other consumer electronic devices have been improving on similar lines, propelling the semiconductor manufacturers for more miniaturization of the chips and integration of more functionalities. Growing demand for smartwatches among consumers is driving the automated test equipment market. Automated test equipment is adopted to test the components and functionality of smartwatches by improving their performance.

Automated Test Equipment Market Report Segmentation and Scope:

The automated test equipment market is segmented on the basis of type, component, end user, and geography. Based on type, the automated test equipment market is divided into integrated circuit (IC) testing, printed circuit board (PCB) testing, hard disk drive testing, and modules and others. Based on components, the automated test equipment market is categorized into industrial PCs, mass interconnects, and handler/prober. Based on end user, the automated test equipment market is divided into integrated consumer electronics, automotive, medical, aerospace & defense, IT & telecommunication, and others. Geographically, the automated test equipment market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

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Automated Test Equipment Market Segmental Analysis:

The global automated test equipment market is segmented by end user into consumer electronics, automotive, medical, aerospace & defense, IT & telecommunication, and others. The consumer electronics segment held the largest automated test equipment market share in 2022. The complexity of consumer electronics devices increases the testing requirements in the consumer electronics industry. Several test vectors are needed to be tested to fix even a small bug. These test cases vary from product to product of the same brand, owing to its different features. Consumer electronics manufacturers are using automated test equipment to compete efficiently in the highly aggressive market, which is driving the automated test equipment market size.

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Automated Test Equipment Market Regional Analysis:

APAC is expected to register sturdy growth in the global automated test equipment market due to the presence of large semiconductor manufacturing hub countries, including Taiwan, China, Vietnam, and South Korea. These countries are engaged in the manufacturing of large-volume semiconductors used in numerous industries, including automotive, healthcare, IT, telecom, and consumer electronics. For instance, according to the Semiconductor Industry Association (SIA), the sale of semiconductors grew by 3.4% in September 2023 compared to August 2023 in the APAC. Rising adoption of future technologies such as advanced Design-For-Test (DFT), fine-pitch probe cards, adaptive testing, faster mixed-signal testers, and design standards are expected to drive market growth. Increasing government initiatives and support by countries such as China, Thailand, Taiwan, Singapore, Malaysia, and Indonesia for developing and advancing manufacturing processes is expected to boost the automated test equipment market during the forecast period.

Governments of various countries in the Middle East & Africa and South America are implementing various policies & regulations related to the adoption of advanced technologies, and growing manufacturing industries are driving the automated test equipment market. The market in the Middle East & Africa, and South America is expected to expand during the forecast period due to the availability of inexpensive labor. The expansion of the automotive and consumer electronics industries is also creating opportunities for the automated test equipment market growth.

Automated Test Equipment Market Key Player Analysis:

ADVANTEST CORPORATION, Anritsu, Astronics Corporation, Averna, Chroma ATE Inc., EXICON, NATIONAL INSTRUMENTS CORP., SPEA S.p.A, Teradyne Inc., and Test Research, Inc. are among the key companies operating in the automated test equipment market.

Automated Test Equipment Market Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the automated test equipment market. A few recent key Automated Test Equipment Market developments are listed below:

  • In March 2023, Astronics Corporation launched ORAN Test Platform MX772000PC and O-RAN Distributed Unit (O-DU) Emulator Platform Software MX773000PC solution for creating test sequences using an intuitive graphical user interface (GUI).
  • In April 2022, Teradyne Inc. shipped the 7,000th J750 semiconductor test system to Nations Technologies to help Nations Technologies verify test programs critical for the automotive market.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Component, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions

What is the estimated global market size for the automated test equipment market in 2022?

The estimated global market size for the automated test equipment market in 2022 is expected to be around US$ 6132.83 million

What is the future trend in the automated test equipment market?

Testing of sensors for autonomous vehicles is one of the key future trends.

What are the driving factors impacting the automated test equipment market?

Increasing automation in manufacturing sector and rising demand for robust testing method are the key driving factors.

Which country is holding the major market share of automated test equipment market?

The US is expected to hold a major market share of automated test equipment market in 2022

Which is the fastest growing regional market?

Asia Pacific is expected to register highest CAGR in the automated test equipment market during the forecast period (2022-2030)

Which are the key players holding the major market share of automated test equipment market?

Anritsu Corp, Advantest Corp, Astronics Corporation, Averna Technologies Inc, Chroma ATE Inc., Exicon Co., Ltd, National Instruments Corp, SPEA S.p.A., Teradyne Inc, and Test Research, Inc. are the key market players expected to hold a major market share of automated test equipment market in 2022

Which is the leading type segment in the automated test equipment market?

Integrated Circuits (ICs) Testing segment is expected to hold a major market share of automated test equipment market in 2022

Which countries are registering a high growth rate during the forecast period?

United States, China, and Japan are expected to register high growth rate during the forecast period

What is the incremental growth of the automated test equipment market during the forecast period?

The automated test equipment market is expected to register an incremental growth value of US$ 4,556.38 million during the forecast period

What will be the global market size of automated test equipment market by 2030?

The global market size of automated test equipment market by 2030 will be around US$ 10,689.21 million

The List of Companies - Automated Test Equipment Market

  1. Anritsu Corp
  2. Advantest Corp
  3. Astronics Corporation
  4. Averna Technologies Inc
  5. Chroma ATE Inc.
  6. Exicon Co., Ltd
  7. National Instruments Corp
  8. SPEA S.p.A.
  9. Teradyne Inc
  10. Test Research, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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