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Report Overview: Automated Test Equipment MarketThe global automated test equipment market size was valued at USD 5.50 billion in 2020 and is expected to witness significant growth over the forecast period 2021-2027. The growth is driven by the use of Automated Test Equipment (ATE) in the automotive and semiconductor industry. A significant increase in the number of connected devices and consumer electronics along with an increasing focus of the companies on quality improvement along with end-to-end testing solutions is expected to further drive the market. Implementation of ATE in semiconductor manufacturing companies to enhance the performance capability, speed of operation, and in turn, reduce the cost of semiconductor devices is expected to positively influence the growth. Increasing adoption of System on Chip (SoC) and high demand for consumer electronics is expected to be the key driving force for the ATE market over the forecast period. Growing electronic components in the automotive sector and penetration of smartphones are expected to drive the market. Miniaturization has widened the scope of ATE application. Additionally, considerable technological advancements coupled with design complexity and the need for effective testing is expected to fuel the market. Advancements in semiconductor manufacturing processes along with the expansion of wireless networks in developing nations are expected to significantly drive the automatic test equipment market growth in the forthcoming years. Additionally, considerable technological advancements coupled with design complexity and the need for effective testing, are the factors expected to benefit the market expansion. The recent technological advancements have significantly reduced the cost and time for manufacturing semiconductor IC and have increased the profit margin for the companies. The ATE manufacturing companies constantly invest in R&D activities to enhance their product portfolio and to fit in with the latest improvement in semiconductor devices.
Product Insights: Automated Test Equipment MarketBased on the product, the automated test equipment market is segmented into non-memory, memory, and discrete. Recent innovations in IoT devices and autonomous vehicles along with significant advancements in the defense and aerospace sectors have drastically changed the market dynamics. Companies are focusing on enhancing customer satisfaction by ensuring faster time-to-market along with superior product quality and low-testing costs. These factors act as significant growth drivers for the market. The product segment is further segregated into non-memory, memory, and discrete automated test equipment. The non-memory ATE segment leads the market in 2019. Increased complexities in semiconductor chip manufacturing need a significant amount of test cost and time. Semiconductor companies focus on reducing the testing costs and consider outsourced equipment for the testing process instead of in-house development which is one of the primary factors driving the growth.
Vertical Insights: Automated Test Equipment MarketBased on vertical, the market is categorized into automotive, consumer, aerospace and defense, IT and telecommunications, and others. The other segment includes Banking, Financial Services, and Insurance (BFSI), entertainment, e-commerce, and medical. The increasing application of automatic test equipment in the semiconductor assembly and manufacturing industry is expected to generate the demand for ATE. The IT and telecommunication vertical is expected to have a significant market over the forecast period. The demand for automated test equipment is driven mainly by the increasing ST production, complexity, and performance level of semiconductor devices used in electronic products along with the emergence of development in semiconductor device technology. Furthermore, the increasing pricing pressure among semiconductor manufacturers has forced suppliers to leverage the utilization of capital equipment across multiple devices. Increasing application in the semiconductor assemble and manufacturing industry is expected to drive the product demand. The consumer vertical is held around 26% market share in 2019.
Regional Insights: Automated Test Equipment MarketThe Asia Pacific is expected to emerge as the largest regional segment over the forecast period, attributed to the significant presence of semiconductor industries. China and Taiwan are expected to hold the maximum regional revenue share. Adaptive testing, advanced Design-For-Test (DFT), faster mixed-signal testers, fine-pitch probe cards, and design standards among others are the future technologies expected to significantly change the market dynamics. An increase in government initiatives by countries like China, Indonesia, Malaysia, Singapore, Thailand, and Taiwan to develop advanced manufacturing processes is also expected to increase growth. North America is anticipated to witness significant gains, in terms of revenue share, over the forecast period due to the increasing application of automated test equipment in the aerospace and defense sector. Automated Test Equipment Market Share Insights Key market players include
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Trusted Business Insights has segmented the global automated test equipment market report based on product, vertical, and region:
- Aemulus Holdings Bhd (“Aemulus”)
- Chroma ATE Inc.
- Aeroflex Inc. (a subsidiary of Cobham plc)
- Astronics Corporation
- Advantest Corporation
- LTX-Credence Corporation (Xcerra Corporation)
- Teradyne Inc.
- STAr Technologies Inc. (a subsidiary of Innotech Corporation)
- Tesec Corporation
- Roos Instruments, Inc.
- Marvin Test Solutions Inc.
- Danaher Corporation.
Product Outlook (Revenue, USD Million, 2016 - 2027)
- Non-memory ATE
- Memory ATE
- Discrete ATE
Vertical Outlook (Revenue, USD Million, 2016 - 2027)
- Aerospace & Defense
- IT & Telecommunications
Table of Contents Chapter 1 Methodology and Scope 1.1 Market segmentation & scope 1.2. Market definition 1.3. Information procurement 1.3.1. Purchased Database(Statista, FactSet, Bloomberg, SDC Platinum) 1.3.2. IFF internal database 1.3.3. Secondary sources & third-party perspectives 1.3.4. Primary Research 1.4. Information analysis 1.4.1. Data analysis models 1.5. Market formulation | read more...