[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

Automated Test Equipment Market

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  CAGR (2022 - 2030)

  7.2%
• Market Size 2022
  US$ 6.1 Billion
• Market Size 2030
  US$ 10.6 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Anritsu Corp
• Advantest Corp
• Astronics Corporation
• Averna Technologies Inc
• Chroma ATE Inc.
• Exicon Co., Ltd
• National Instruments Corp
• SPEA S.p.A.
• Teradyne Inc

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Integrated Circuits

Component

• Industrial PCs
• Mass Interconnect
• Handler/Prober

End User

• Consumer Electronics
• Automotive
• Medical
• Aerospace & Defense
• IT & Telecommunication
• Other Industries

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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).

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.

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 Report Scope

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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.