Automated Test Equipment Market Overview:
According to the latest research report of MRFR, The Automated Test Equipment (ATE) Market to hit US$ 9.01 Billion by 2030 at 4.50 % CAGR. There is a rising need for efficient power control in the global market, as well as growing demand for smartphones that is driving the growth of the semiconductor industry, as well as a growing market for consumer electronics, among other factors. Consumer electronics are becoming more sophisticated; thus, it is necessary to reduce production time and costs, among other things, to fuel the development of the ATE industry. As a result, the market for Automated Test Equipment (ATE) is projected to expand at a compound annual growth rate of 4.50 percent (2016-2030). While there are some severe problems to the growth of the Automated Test Equipment (ATE) Market, such as highly competitive among industrial manufacturers and dynamic changes in technology, there are also some major factors that are impeding the expansion of the market.
As System on Chip (SoC) technology becomes more widely used, there will be greater demand for consumer electronics, which is anticipated to be a major driving factor in the ATE market during the forecast period. The increasing use of electronic components in the automotive industry, as well as the widespread use of smartphones, are anticipated to propel the market forward. The use of ATE has been broadened as a result of miniaturisation. Furthermore, significant technical advances, along with the complexity and the need for offers a significant, are anticipated to drive the market. It is anticipated that advancements in semiconductor manufacturing processes, as well as the development of wireless networks in emerging countries, would substantially contribute to the growth of the automated test equipment market in the coming years. Additionally, significant technical advances, along with the complexity and the need for offers significant, are anticipated to be beneficial to the Automated Test Equipment market's growth.
This report contains all the information on the global Automated Test Equipment (ATE) market analysis and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global Automated Test Equipment (ATE) market forecast for 2022 is also included in the report.
Automated Test Equipment Market Covid 19 Analysis:
The COVID-19 pandemic has had a negative effect on a number of sectors, including the ATE industry, which has not been spared. Because of the strict lockdowns imposed as a result of the fast spread of the virus, the ATE market was forced to suffer from a manufacturing perspective. ATE products remained popular in 2020 because of regulated needs from the IT & Telecom sector, which was particularly strong during the second quarter of the year. The rising trend of remote work has resulted in increasing demand for connection and information technology goods, which has, in turn, boosted the need for automated test gear.
Automated Test Equipment Market Dynamic:
The usage of Automated Test Equipment (ATE) in the automotive and semiconductor industries is the primary driver of this expansion. A significant rise in the number of linked household appliances electronics, as well as a growing emphasis by businesses on performance improvement and end-to-end testing solutions, is anticipated to propel the market even further forward. This growth is anticipated to be influenced favorably by the use of advanced technology in semiconductor manufacturing firms in order to improve the dynamic performance, fast response, and ultimately decrease the cost of semiconductor devices.
One of the primary reasons driving the automated test equipment market is the increasing complexity of design coupled with significant technical breakthroughs such as enhanced Design for Test (DFT) and adaptive testing. Furthermore, recent developments in the Internet of Things (IoT) devices and autonomous cars, as well as major changes in the military and aerospace industries, have all had a big impact on the market's characteristics. The advancement of semiconductor manufacturing techniques, as well as the development of wireless networks in emerging countries, are anticipated to offer substantial potential automated test equipment market opportunities for the worldwide market in the coming years.
The due to the costs associated with automation testing equipment are a significant impediment to the development of the worldwide automated test equipment market in general. Additional constraints limiting the development of the target market include expensive capital expenditures combined with the difficulty in connecting the device under test (DUT) with other systems.
During the projected period, the unpredictable demand for semiconductors is anticipated to provide a barrier to the expansion of the Automated Test Equipment market.
Value Chain Analysis:
According to the reports, Automated Test Equipment on a Global Scale The market may be divided into four categories: type, components, applications, and geographical area. according to the component, which consists of the following: industrial PC, mass connection (including handles and probes), and semiconductor. Consumer electronics, automotive, aerospace and defense, communications, and other applications are among the segments that make up the market's application segmentation. Furthermore, the market is divided into three types: memory ATE, non-memory ATE, and discrete ATE. Memory ATE is the most common kind.
Automated Test Equipment Market Segmentation Overview:
The market is segmented on the basis of type, components, applications, and geographical area. The global Automated Test Equipment market trends are expected to witness decent growth during the forecast period.
Based on the application, the market is segmented into Consumer electronics, automotive, aerospace and defense, communications, and others.
Based on the propulsion types, the market is segmented into memory ATE, non-memory ATE, and discrete ATE.
Automated Test Equipment Market Regional Analysis:
According to the reports, on the basis of region, the global automated test equipment market is divided into North America, Europe, Asia Pacific, South America, and the middle east & Africa. In 2020, the Asia Pacific region will be the most profitable, accounting for more than 75% of worldwide sales in 2020. Because of the large presence of semiconductor companies in the area, the region is projected to continue to dominate throughout the projection period. China and Taiwan are projected to have the highest share of the revenue in the region overall. A number of upcoming technologies, such as adaptive testing, improved Design-for-Test (DFT), quicker mixed-signal testers, fine-pitch probe cards, and design standards, among others, will likely have a major impact on the market trends in the future. A rise in government efforts by nations such as China, Indonesia, Malaysia, Singapore, Thailand, and Taiwan to create sophisticated production processes is also anticipated to contribute to development, as is the introduction of new technologies.
The growing use of automated test equipment in the aerospace and military industries is expected to result in substantial increases in the North American region's revenue share during the forecast timeframe.
Automated Test Equipment Market Competitive Landscape:
According to the top players, the ATE market is highly concentrated, with the top companies accounting for the vast majority of automated test equipment market share in 2020. Business growth via strategic partnerships and the introduction of additional business solutions is a significant approach used by the major players in the industry today. Additionally, new facility center development is regarded as a major component of their main goals, which would enable these key ATE providers to better meet the substantially rising demands for transportation and storage services in the coming years.
Automated Test Equipment Market Major Key Players:
The following report comprises of –
Companies such as Teradyne Inc. and Advantest Co., Inc. are recognized as leading suppliers of advanced testing equipment. These businesses that are at the top of the market are also seeing substantial revenue growth. At the same time, other companies in the worldwide ATE market, such as CHROMA ATE INC. and Aemulus Holdings Bhd, have been identified as potential and rising players.
Product Outlook (Revenue, USD Million, 2017 - 2028)
Vertical Outlook (Revenue, USD Million, 2017 - 2028)
Regional Outlook (Revenue, USD Million, 2017 - 2028)
|Market Size||USD 9.01 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Component, Application|
|Geographies Covered||North America, Europe, Asia-Pacific|
|Key Vendors||Chroma ATE Inc. (Taiwan) Cobham Plc (U.K.) Astronics Test Systems (U.S.) Agilent Technologies Inc. (U.S.) Teradyne Inc. (U.S.) Advantest Corporation (Japan) LTX-Credence Corporation (U.S.) Roos Instrument Inc. (U.S.) National instrument Corporation (U.S.) Marvin Test Solution Inc. (U.S.)|
|Key Market Opportunities||One of the primary reasons driving the automated test equipment market is the increasing complexity of design coupled with significant technical breakthroughs such as enhanced Design for Test (DFT) and adaptive testing.|
|Key Market Drivers||The usage of Automated Test Equipment (ATE) in the automotive and semiconductor industries is the primary driver of this expansion|
The Global Automated Test Equipment Market will be growing from 2020 through 2027.
The global Automated Test Equipment (ATE) would be growing at 4.50% CAGR in the coming years.
Chroma ATE Inc. (Taiwan), Cobham Plc (U.K.), Astronics Test Systems (U.S.), Agilent Technologies Inc. (U.S.) are the key players participating in the market’s growth.
North America is leading the Global Automated Test Equipment Market with the largest market share.
$ 8.87 billion is the valuation that the market will be gaining by 2030
The key players profiled in the report include Chroma ATE Inc. (Taiwan) Cobham Plc (U.K.) Astronics Test Systems (U.S.) Agilent Technologies Inc. (U.S.) Teradyne Inc. (U.S.) Advantest Corporation (Japan) LTX-Credence Corporation (U.S.) Roos Instrument Inc. (U.S.) National instrument Corporation (U.S.) Marvin Test Solution Inc. (U.S.)
The Automatic Test Equipment Market is segmented Depend on the basis of by Component , By Application, By Type.