According to The Business Research Company’s Automated Test Equipment, The automated test equipment market size has grown strongly in recent years. It will grow from <b>$6.92 billion in 2023 to $7.38 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. </b> The growth in the historic period can be attributed to quality assurance and cost efficiency, globalization of electronics manufacturing, demand for higher production throughput, focus on time-to-market, need for real-time monitoring and feedback..
The automated test equipment market size is expected to see strong growth in the next few years. It will grow to <b>$9.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. </b> The growth in the forecast period can be attributed to focus on test cost reduction, focus on energy-efficient electronics, rise of automotive electronics, test data analytics, in-circuit testing advancements.. Major trends in the forecast period include focus on automotive electronics testing, high-density interconnect (hdi) testing, flexible and scalable ate solutions, increased emphasis on cybersecurity testing, rise in iot device testing.The increasing demand for consumer electronics is contributing to the growth of automated test equipment. Any home equipment, gadgets, or digital devices intended for ordinary home usage are referred to as consumer electronics.
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Automated testing equipment is used in testing and evaluating the quality of consumer electronics, as a result, an increase in demand for consumer electronics increases the demand for automated test equipment. For instance, according to India Brand Equity Foundation, an Indian government export promotion agency, the consumer electronics industry is expected to reach $21.18 billion by 2025. Therefore, the increasing demand for consumer electronics is expected to drive the automated test equipment market growth.
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The automated test equipment market covered in this report is segmented –
1) By Product Type: Memory IC Test System, Linear and Discrete Test System, System-on-Chip (SoC) Test System, Other Products
2) By Component: Industrial PC, Mass Interconnect, Handler, Prober, Other Components
3) By Technology: WCDMA and RF Technology Based Testing, LTE Technology Based Testing, Optical Inspection Technology Testing, Machine Vision Technology Testing, X-Ray Inspection Technology, Other Technologies
4) By End-Users: Aerospace and Defense, Consumer Electronics, IT and Telecommunications,
Automotive, Healthcare, Other End UsersStrategic partnerships have emerged as a key trend gaining popularity in the automated test equipment market. Major companies operating in the automated test equipment sector are focused on partnerships to meet consumer demand. For instance, in July 2023, ProteanTecs Ltd., an Israel-based software company, announced a strategic alliance with Teradyne, Inc. to improve semiconductor testing and debugging procedures for sophisticated system-on-chips (SoCs). Customers benefit from a new degree of device visibility on the tester, enabling inline and real-time choices, by linking proteanTecs’ on-chip agent information and analysis software with Teradyne’s test programs. Teradyne and proteanTecs are going to show their partnership at DAC and SEMICON West in a combined demonstration. Teradyne Inc. is a US-based automatic test equipment manufacturing company of .
The automated test equipment market report table of contents includes:
- Executive Summary
- Automated Test Equipment Market Characteristics
- Automated Test Equipment Market Trends And Strategies
- Automated Test Equipment Market – Macro Economic Scenario
- Global Automated Test Equipment Market Size and Growth
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- Global Automated Test Equipment Market Competitive Benchmarking
- Global Automated Test Equipment Market Competitive Dashboard
- Key Mergers And Acquisitions In The Automated Test Equipment Market
- Automated Test Equipment Market Future Outlook and Potential Analysis
- Appendix
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