The global automated test equipment market is anticipated to grow at a CAGR of nearly 3.4% during the forecast period (2021-2027). The increasing integration of various electronic features in electric vehicles (EVs), such as powertrain, battery management systems, engine controllers, and others, which are integrated with ICs and power discrete devices is expected to drive the demand for automated test equipment. EV automated test equipment addresses the particular needs associated with the testing of the power electronics of EVs during design validation and manufacturing. The advantages of automated test systems comprise test data recording, speed, flexibility, as well as offering statistical analytical reports for product improvement and design review. Therefore, the rising EV market will further benefit the market growth.
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According to the International council of clean transportation, the electric vehicle market in the US has grown from a few thousand vehicles in 2010 to more than 315,000 vehicles sold annually from 2018 to 2020. In 2020, the electric share of new vehicle sales was approximately 2.4%, an increase from about 2% in 2019. Moreover, according to a report published by the International Energy Agency in 2021, the global EV registration increased to 10 million units in 2020, a 43% rise compared to 2019.
Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in November 2021, Astronics Corp. launched its ATS-5000 Series of Functional Test and Support Solutions, a unique consolidation of world-class instrumentation, architecture, and software, configured to meet the end-user requirements. These solutions take advantage of the Company’s Transit Test Systems’ success, both in terms of software and hardware, adapting it to apply to a wide range of industries.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Type
- By End-User
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Advantest Corp., Cobham Plc, Astronics Corp., Chroma ATE Inc., among others.
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Global Automated Test Equipment Market Report Segment
By Type
- Memory
- Non-memory
- Discrete
- Test Handlers
By End-user
- Aerospace and Defense
- Consumer Electronics
- IT and Telecommunications
- Automotive
- Healthcare
- Others
Global Automated Test Equipment Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Advantest Corp.
- Aemulus Holdings Bhd
- Aeroflex Inc.
- Astronics Corp
- Chroma ATE, Inc.
- Danaher Corp.
- LTX-Credence Corp.
- MAC Panel Co.
- Marvin Test Solutions Inc.
- National Instruments Corp
- Roos Instruments, Inc.
- Samsung Semiconductor, Inc.
- SPEA S.p.A.
- Star Technologies Inc.
- Teradyne Inc.
- Tesec Inc.
- Virginia Panel Corp.
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