The global automated test equipment market is expected to grow at a CAGR of nearly 3.4% during the forecast period (2021-2027). The growth of the market is driven by the increased adoption of automated test equipment in the automotive and semiconductor industry. A significant increase in the number of connected devices and consumer electronics, as well as increasing the company’s focus towards quality improvement and end-to-end testing solutions, will likely drive the market growth. Moreover, the automated test equipment market is also expected to be driven by the increasing implementation of System on Chip (SoC) and increased demand for consumer electronics during the forecast period. Additionally, considerable technological advancements coupled with design complexity and the need for effective testing are anticipated to fuel the market growth. Further, the rise in the use of data diagnostics and acquisition tools for testing electronic applications across the aerospace and defence, and industrial automation sector offers a significant opportunity for the market.
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Furthermore, with the rapid adoption and implementation of the Internet of Things (IoT) around the globe, the semiconductor industry is projected to play a significant role and benefit from advances across the technology value chain. As the cloud economy becomes mainstream in the IoT era, semiconductor companies need to continuously innovate to drive connectivity across the IoT value chain. In addition, IoT-connected products and applications would require chips with an ultra-small form factor, low power consumption, and wireless connectivity options. This, in turn, is leveraging the growth of the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Automated Test Equipment Market by Type
- Memory
- Non-memory
- Discrete
- Test Handlers
Global Automated Test Equipment Market by End-User
- Aerospace and Defense
- Consumer Electronics
- IT and Telecom
- Automotive
- Healthcare
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- ASEAN
- South Korea
- Rest of Asia-Pacific
- Rest of the World
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.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automated test equipment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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