Automated Test Equipment Market 2024 - By Growth Analysis, Opportunities, Business Insights, Key Trends And Forecast By 2033

The automated test equipment market size has grown strongly in recent years. It will grow from $6.92 billion in 2023 to $7.38 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. 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 $9.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. 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.

Market Overview -
Automated test equipment refers to computer-controlled test and measurement equipment that will allow for testing with minimal human interaction. It is used for testing and evaluating quality and functionality in various applications. This equipment is also used to test printed circuit boards, interconnections, and verifications.

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Increasing Demand For Consumer Electronics Drives Automated Test Equipment Market Growth
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. 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.

Competitive Landscape -
Major companies operating in the automated test equipment market report are Aemulus Holdings, Chroma ATE Inc., Astronics Corporation, Advantest Corporation, SPEA S. p. A., Teradyne Inc., STAr Technologies Inc., Roos Instruments Inc., National Instruments Corporation, Agilent Technologies Inc., Anritsu Company, Rohde & Schwarz GmbH & Co KG, Xcerra Corporation, TRICOR Systems Inc., Advint LLC, Solvay S. A., Aeroflex Inc., Marvin Test Solutions Inc., Shinbashi Inc., OMRON Corporation, Yokogawa Electric Corporation, Teledyne Technologies Incorporated, Cobham plc, Averna Technologies Inc., Test Research Inc., TestEquity LLC, Testforce Systems Inc., Testek Inc., TestWorld Inc.

Strategic Partnerships In Automated Test Equipment Innovation
Strategic 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 .

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Key Segments -
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 Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamic

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