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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Global Automated Test Equipment Market Segmentation
By Type
· Memory
· Non-memory
· Discrete
· Test Handlers
By End-User
· Aerospace and Defense
· Consumer Electronics
· IT and Telecom
· Automotive
· Healthcare
· Others
Regional Analysis
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
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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