The automated test equipment market is set to thrive at a steady CAGR of 9.8% during the forecast period. The market holds a share of US$ 9.33 billion in 2023 while it is anticipated to cross a value of US$ 23.76 billion by 2033.
The research report on the automated test equipment market explains that recent advantages like unique testing processes and advanced testing are trending in the market. It is because of the minimal human interaction that these processes deliver. Furthermore, several benefits such as cost efficiency and shorter operation time also raise the demand. The market flourishes as manufacturing indulges applications like testing printed circuit boards, interconnections, and verifications.
The expanding semiconductor industry also positively impact the market as semiconductor and ICs go through different testing stages. Printed circuit board testing consumes a higher chunk of the global automated test equipment as governments expand their electrification projects. The expanding electronics industry with new tools and devices surfacing up is pushing the demand for testing solutions. From procedures lie device under test (DUT), equipment under test (EUT), and United under test (UUT), the automation test equipment quickly performs tests. The higher sales of industrial PC, mass interconnect, and shorten testing time are likely to positively impact the sales of automated test equipment
The automated test equipment market outlook states that digital multimeters and LCR meters are fuelling the demand. It’s due to the exceeded application of industries adopting LCR meters for high resistance measures. The arbitrary waveform generators are also fuelling the market size due to the higher consumption. The products for the higher accuracy testing of radio frequency and vector signal generators are largely adopted for military usage.
The higher penetration of 5G and IOT in different sectors is fuelling the demand for automated test equipment systems. Governments deploying 5G connections along with corporates including IoT technology for easy operations fuels growth. The faster rate of 5G deployments with expanding urban population in cities is fuelling the demand for automated test equipment.
Driving Factors:
| Attributes | Details |
|---|---|
| Automated Test Equipment Market CAGR (2023 to 2033) | 9.8% |
| Automated Test Equipment Market Size (2023) | US$ 9.33 billion |
| Automated Test Equipment Market Size (2033) | US$ 23.76 billion |
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From 2017 to 2022, the global automated test equipment market registered a comparatively lower CAGR of 5.7%. The market was affected by the covid-19 as the industries were struck with logistic issues, shutdowns, and lower research activities. Furthermore, computer technology and IoT progression were not functioning well due to the complete shutdown of IT hubs. Thus, the growth has been restricted during the period.
The rising IoT deployments, 5G deployment, and the elements of the fourth industrial revolution are collectively fuelling the demand for automated test equipment. Furthermore, new IoT-supporting appliances coming into the market are fuelling the requirement for automated test equipment as it completes quick checks for better operability. Automatic test equipment delivers faster, enhanced results with analytics and data. The market is likely to grow steadily between 2023 and 2028.
The application of energy-efficient integrated circuits along with affordable technology is flourishing the demand for automated test equipment. The upcoming testing projects of semiconductor technology in Asian Pacific countries like China and India are fuelling the demand for automated test equipment. The automated test equipment market is anticipated to thrive at a CAGR of 9.8% between 2023 and 2033.
The proliferating demand for miniaturized and advanced semiconductor components in consumer electronics is thriving in sales of automated test equipment. Furthermore, the rising electronics industry and electrification around the world are fuelling the demand for automated test equipment.
The 5G and IoT devices in corporate structure are making the corporate spaces advanced and easy. Thus, the multiple applications of automated test equipment are expanding the automated test equipment market size. Proliferating deployment of SoCs in computing and AI applications are pushing the adoption of automated test equipment. Lastly, the government authorities thrive in the semiconductor sector in North America and the Asia Pacific. The emerging requirement for advanced test features for the augmented linear & discrete testing systems is also fuelling the sales of automated test equipment.
Although, the connectivity issues along with the high purchase and maintenance costs are limiting the sales of automated test equipment. The lack of precision and testers are also restraining the demand for automated test equipment.
Principal Consultant
Increased Demand for Connected Devices along with the Increasing Sales of Electric Vehicles are Propelling the Market Growth
The United States automated test equipment market is flourishing at a significant CAGR between 2023 and 2033.
The United States is expected to dominate the North American automated test equipment market attributed to the higher penetration of 5G and IoT devices. The corporate structure adopting IoT devices and enclosed testing systems is fuelling the sales of automated test equipment. The energy-efficient integrated circuits are adopting automated testing systems that further support the 5G connections. Hence, the United States automated test equipment market is expanding. The research and development initiatives along with government investments are flourishing the demand for automated testing equipment.
Being the Hub of Manufacturing Units along with the Advent of Connected Devices are Propelling the Market Growth
The Asia Pacific is the hub for semiconductor production with Taiwan, China, and India growing the factory applications. Furthermore, the complex structure of advanced semiconductors and connected devices is fuelling the adoption of automated test equipment. The flexibility and efficiency of the advanced systems that go through the testing routine are fuelling the demand for high-processing semiconductors. The widespread deployment of 5G connection in China along with the penetration of IoT in the corporate structure is thriving the demand for the equipment.
The future of the China-based innovative technology market looks promising with cloud computing, AI, ML, and the internet of things expanding their space on the technological front. Thus, the automated test equipment market is anticipated to expand in the region.
Expanding Smart Healthcare Wearables along with the Demand for Semiconductors are Propelling the Regional Growth
With the rising class of European citizens and increased per capita income in Europe, the demand for smart wearables and other IoT devices is on the surge. The growth of smart glasses, headphones, and watches is on top while the smartphone manufacturing units demand semiconductor units. These factors collectively fuel the growth of automated test equipment. Along with semiconductors, there is a high consumption of sensors, PCBs, and various other equipment. These devices go through different layers of testing. Hence, higher sales of automated test equipment are predicted for the Europe region.
| Segment | Top Type |
|---|---|
| Top Sub-segment | Linear & Discrete |
| Expected Value in 2033 | US$ 2.5 billion |
| Segment | Top Application |
|---|---|
| Top Sub-segment | ICT Industry |
| Expected Value in 2033 | 25% of the Global Share in 2022 |
The linear & discrete segment leads in the type of category with a leading anticipated value of US$ 2.5 billion by 2032. The increased application of IoT systems along with the rising demand for various test features in any product type has fuelled the system. These features involve the identification of unknown devices, information dissemination, and condition loop testing. The advanced characteristics including the temperature-related defects through a linear type of testing also advance the testing measures.
By application, the ICT segment thrives at a steady CAGR while it held a value of 25% of the global market in 2022. The growth is attributed to higher penetration of the computing devices and manufacturing units to cut the time of production as testing takes much time in the process. The ATE systems provide a synchronized production element that reduces cost and time for the build-up process.
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The global automated test equipment market is highly fragmented, where players are advancing their systems. Personalized solutions such as end-user-based testing solutions with research and development programs to enhance its performance. The vendors also try to make the products easy to use so they can be operated with ease.
Market Developments
North America is projected to emerge as a lucrative market.
The growth potential of the global market is 9.8% through 2033.
The high maintenance costs are likely to limit market growth.
North America is likely to generate higher revenue in 2023.
The market is estimated to secure a valuation of US$ 9.33 billion in 2023.
1. Executive Summary | Automated Test Equipment Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product, 2023 to 2033
5.3.1. Non-Memory ATE
5.3.2. Memory ATE
5.3.3. Discrete ATE
5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vertical
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vertical , 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vertical , 2023 to 2033
6.3.1. Automotive
6.3.2. Consumer
6.3.3. Aerospace & Defense
6.3.4. IT & Telecommunications
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By Vertical , 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Vertical , 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. East Asia
7.3.5. South Asia
7.3.6. Oceania
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Product
8.2.3. By Vertical
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product
8.3.3. By Vertical
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product
9.2.3. By Vertical
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By Vertical
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. Italy
10.2.1.3. France
10.2.1.4. United Kingdom
10.2.1.5. Spain
10.2.1.6. BENELUX
10.2.1.7. Russia
10.2.1.8. Rest of Europe
10.2.2. By Product
10.2.3. By Vertical
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By Vertical
10.4. Key Takeaways
11. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.2. By Product
11.2.3. By Vertical
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By Vertical
11.4. Key Takeaways
12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Malaysia
12.2.1.2. Thailand
12.2.1.3. India
12.2.1.4. Rest of South Asia
12.2.2. By Product
12.2.3. By Vertical
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By Vertical
12.4. Key Takeaways
13. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. Australia
13.2.1.2. New Zealand
13.2.2. By Product
13.2.3. By Vertical
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product
13.3.3. By Vertical
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Türkiye
14.2.1.4. Rest of Middle East and Africa
14.2.2. By Product
14.2.3. By Vertical
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product
14.3.3. By Vertical
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Product
15.1.2.2. By Vertical
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Product
15.2.2.2. By Vertical
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Product
15.3.2.2. By Vertical
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Product
15.4.2.2. By Vertical
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Product
15.5.2.2. By Vertical
15.6. Italy
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Product
15.6.2.2. By Vertical
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Product
15.7.2.2. By Vertical
15.8. United Kingdom
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Product
15.8.2.2. By Vertical
15.9. Spain
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Product
15.9.2.2. By Vertical
15.10. BENELUX
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Product
15.10.2.2. By Vertical
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Product
15.11.2.2. By Vertical
15.12. China
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Product
15.12.2.2. By Vertical
15.13. Japan
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Product
15.13.2.2. By Vertical
15.14. South Korea
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Product
15.14.2.2. By Vertical
15.15. Malaysia
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Product
15.15.2.2. By Vertical
15.16. Thailand
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Product
15.16.2.2. By Vertical
15.17. India
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Product
15.17.2.2. By Vertical
15.18. Australia
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Product
15.18.2.2. By Vertical
15.19. New Zealand
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Product
15.19.2.2. By Vertical
15.20. GCC Countries
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Product
15.20.2.2. By Vertical
15.21. South Africa
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Product
15.21.2.2. By Vertical
15.22. Türkiye
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By Product
15.22.2.2. By Vertical
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Product
16.3.3. By Vertical
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Aemulus Holdings Bhd
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Chroma ATE Inc.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Aeroflex Inc.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Astronics Corporation
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Advantest Corporation
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. LTX-Credence Corporation
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Teradyne Inc.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Star Technologies
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Tesec Corporation
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Roos Instruments, Inc.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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