The global automated test equipment market was valued at USD 4,471.7 million in 2019 and is expected to grow to USD 33,776.9 million by 2034, at a 14.97% CAGR. This report on the global automated test equipment market includes thorough information on industry trends and dynamics, market size, the competitive landscape, and potential possibilities.
The global automated test equipment market is predicted to increase significantly in the future years, as corporations invest millions of dollars in R&D and testing. The market for automated test equipment is predicted to grow as demand for items such as integrated circuits and circuit boards rises and many sectors incorporate these products into their final products. Automated test equipment, often known as automatic test equipment (ATE), is computer-controlled equipment used to evaluate electronic devices for functionality and performance. Automated test equipment also facilitates stress testing with minimal human intervention. The primary components of ATE include hardware, sensors, and software, which help collect and interpret test results. The increased penetration of consumer electronics devices, as well as technological advancements in telecommunications and networking, are key drivers of market growth. The rollout of the 5G network in multiple regions has greatly boosted the use of automated testing equipment.
Market Segmentation
This research report divides the automated test equipment market into four categories: component, type, application, and region/country.
The market is divided into five segments based on component type: industrial PC, mass connection, probe, handler, and semiconductor.
The global automated test equipment market is divided into three types: non-memory, memory, and discrete.
The market is divided into applications such as consumer electronics, automotive, aerospace and defense, telecommunications, and others.
The study covers four regions: North America, Europe, Asia-Pacific, and the rest of the globe. North America is expected to maintain its lead in the automated test equipment market due to rapid digital technology adoption, increased investments in the aerospace and defense industries, and a developing semiconductor industry.
Major Players
The major vendors profiled in the global automated test equipment market are Chroma ATE Inc, Cobham PLC, Astronics Test Systems, Agilent Technologies, Teradyne Inc, Advantest Corporation, LTX-Credence Corporation, Roos Instrument Inc, National Instruments Corporation, Marvin Test Solutions Inc, and Advance Integration LLC.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook