Automated Test Equipment Market Innovations: Breakthrough Technologies Enhancing Testing

 The global automated test equipment market size was valued at USD 7,643.8 million in 2023 and is expected to register a compound annual growth rate (CAGR) of 3.1% from 2024 to 2030.  The growth is driven by the use of Automated Test Equipment (ATE) in the automotive and semiconductor industry. A significant increase in the number of connected devices and consumer electronics, along with an increasing focus of many companies on quality improvement along with end-to-end testing solutions, is expected to further drive the market. Implementation of ATE in semiconductor manufacturing companies to enhance performance capability and speed of operation and, in turn, reduce the cost of semiconductor devices is expected to positively influence growth.

 

Increasing adoption of System on Chip (SoC) and high demand for consumer electronics is expected to be a key driving force for the ATE market over the forecast period. Growing electronic components in the automotive sector and penetration of smartphones are expected to drive the market. Miniaturization has widened the scope of ATE application. Additionally, considerable technological advancements coupled with design complexity and the need for effective testing are expected to fuel the market.

 

Gather more insights about the market drivers, restrains and growth of the Global Automated Test Equipment Market

 

Detailed Segmentation:

 

Product Insights

The non-memory ATE segment led the automated test equipment market and accounted for more than 63% share of the global revenue in 2023. Recent innovations in IoT devices and autonomous vehicles, along with significant advancements in the defense and aerospace sectors, have drastically changed the market dynamics. Companies are focusing on enhancing customer satisfaction by ensuring faster time-to-market along with superior product quality and low testing costs. These factors act as significant growth drivers for the market.

 

Vertical Insights

The IT & telecommunications ATE segment led the market and accounted for more than 48.5% share of the global revenue in 2023. Based on vertical, the market is categorized into automotive, consumer electronics, aerospace & defense, IT & telecommunication, healthcare, and others. The others segment includes Banking, Financial Services and Insurance (BFSI), entertainment, and e-commerce. Increasing application of automatic test equipment in the semiconductor assembly and manufacturing industry is expected to drive the demand for ATE. The IT & telecommunication vertical is expected to have a significant market over the forecast period.

 

Regional Insights

The Asia Pacific segment led the market and accounted for more than 76% share of the global revenue in 2023. The region is expected to dominate over the forecast period, attributed to the significant presence of semiconductor industries. China and Taiwan are expected to hold the maximum regional revenue share. Adaptive testing, advanced Design-For-Test (DFT), faster mixed-signal testers, fine-pitch probe cards, and design standards among others are few future technologies expected to significantly change the market dynamics. Increase in government initiatives by countries like China, Indonesia, Malaysia, Singapore, Thailand, and Taiwan to develop advanced manufacturing processes is also expected to boost growth.

 

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Key Companies & Market Share Insights

Some of the key players operating in the market include Astronics Corporation, ADVANTEST CORPORATION, Chroma ATE Inc., and Teradyne Inc.

 

• Astronics Corporation is a U.S.-based company offering advanced technology solutions to electronics, aerospace & defense industries. The company offers numerous products and services, including avionics products and automated test systems. It operates in two segments, namely Aerospace and Test Systems. The company has principal operations in the U.S., France, Canada, and U.K.

 

• Chroma ATE Inc. is a Taiwan-based company that offers intelligent manufacturing systems, precision test and measurement instrumentation, and automated test systems. The company serves various markets, including power electronics, semiconductors, electric vehicles, and passive components. It has a global presence with offices in the U.S., Europe, Japan, South Korea, Southeast Asia, and China.

 

TESEC Corporation and Roos Instruments are some of the emerging automated test equipment manufacturers.

• TESEC Corporation is a Japan-based manufacturer of semiconductor equipment. The company offers automated handlers and test systems for the semiconductor industry. Along with handlers and test systems, the company also offers after-sale support services. It has a global presence with companies in the U.S., Malaysia, and China.

 

• Roos Instruments is a U.S.-based company that offers manufactures automated test equipment and develops software for the semiconductor industry. The company offers application-based solutions to automated test equipment and designs test instrument modules. It develops end-to-end solutions, test infrastructure, and expert system software.

 

Key Automated Test Equipment Companies:

• Aemulus Corporation
• Chroma ATE Inc.
• VIAVI Solutions Inc.
• Astronics Corporation
• ADVANTEST CORPORATION
• Cohu, Inc
• Teradyne Inc.
• STAr Technologies Inc.
• TESEC Corporation
• Roos Instruments
• Marvin Test Solutions, Inc.
• Danaher

 

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