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 USD 9.33 billion in 2023 while it is anticipated to cross a value of USD 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) | USD 9.33 billion |
| Automated Test Equipment Market Size (2033) | USD 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 | USD 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 USD 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 USD 9.33 billion in 2023.
1. Executive Summary | Automated Test Equipment Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Non-Memory ATE 5.2. Memory ATE 5.3. Discrete ATE 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vertical 6.1. Automotive 6.2. Consumer 6.3. Aerospace & Defense 6.4. IT & Telecommunications 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia 7.6. Oceania 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Aemulus Holdings Bhd 17.2. Chroma ATE Inc. 17.3. Aeroflex Inc. 17.4. Astronics Corporation 17.5. Advantest Corporation 17.6. LTX-Credence Corporation 17.7. Teradyne Inc. 17.8. Star Technologies 17.9. Tesec Corporation 17.10. Roos Instruments, Inc. 18. Assumptions & Acronyms Used 19. Research Methodology
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Automated Test Equipment Market
