The market for automated test equipment market is expected to expand at a compound annual growth rate (CAGR) of 6.3% over the forecast period, from its estimated USD 4.5 billion in 2023. The usage of automated test equipment in the semiconductor and automotive industries is what is driving the rise.

The market is anticipated to be further driven by a notable rise in the quantity of consumer electronics and connected devices, as well as a growing emphasis on quality improvement and end-to-end testing solutions by many businesses. Market demand is being driven by developments in the semiconductor manufacturing process. Recent developments in technology have lowered the time and cost of producing semiconductor integrated circuits.

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Growth Drivers

Increased semiconductor production is being driven by the growth of AI, IoT, 5G, and automotive electronics. The market is expanding quickly due to rising EV adoption and automotive electronics. The market for automated test equipment is expanding as a result of the need for thorough testing of electronic components. The need for RF and high-frequency testing is growing as 5G, Wi-Fi 6/6E, and satellite communications expand.

In order to guarantee dependable performance in high-speed networks, ATE solutions are essential. The development of multi-core processors and system-on-a-chip has made manual testing obsolete. ATE efficiency is increased by adaptive testing and AI-driven predictive analytics. AI saves money and time by optimizing patterns. Adoption of ATE is fueled by the need for automated quality control and real-time monitoring in smart factories.

Segmentation

On the basis of the Product

·         Non-Memory ATE

·         Memory ATE

·         Discrete ATE

·         Others

 On the basis of the Type

·         Logic Testing

o   Linear or mixed Signal Equipment

o   Passive Component ATE

o   Discrete ATE

·         Printed Circuit Board (PCB) Testing

·         Interconnection and Verification Testing

Vertical Outlook

·         Automotive

·         Aerospace and Defense

·         IT and Telecommunications

·         Healthcare

·         Others

By Region

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Key Players

·         Aemulus Corporation

·         Chroma ATE Inc.

·         VIAVI Solutions Inc.

·         Astronics Corporation

·         ADVANTEST CORPORATION

·         Cohu, Inc

·         Teradyne Inc.

·         STAR Technologies Inc.

·         TESEC Corporation

·         Roos Instruments

·         Marvin Test Solutions, Inc.

·         Danaher

·         Other Players

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