The global Automated Test Equipment Market size is anticipated to reach USD 8.68 billion by 2027. It is also expected to register a 3.4% CAGR during the forecasted period, 2020 to 2027. The rising demand for consumer electronics and connected devices coupled with the need for quality improvement prevailing among several industries is projected to drive the market growth across the globe.
The non-memory ATE product segment dominated the global market in 2019 on account of their rising usage for the manufacturing of SoC-based products, tablets, and smartphones. Further, rapid technological advances being carried out by ATE manufacturers are driving the market growth for this segment.
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The IT & telecommunications segment is anticipated to witness substantial growth during the forecasted years on account of increasing usage of such equipments for carrying out automation processes. While the consumer segment contributed a share of 26.0% across the global market owing to increasing demand for consumer electronics.
The Asia Pacific is expected to account for the largest share across the global market in the upcoming years owing to the rising presence of semiconductor manufacturers in countries like Taiwan and China. While North America is also projected to hold a significant share on account of the surging need for such equipment for testing and measurement across the aerospace and defense sector.
The ATE market includes key players such as Astronics Corporation, STAR Technologies Inc., Chroma ATE Inc., Danaher Corporation, and Tesec Corporation. These players are investing hugely in R&Ds to gain a competitive advantage and to widen their product reach for several applications.
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Further key findings from the report suggest:
• In 2019, the non-memory ATE product segment dominated the market across the globe.
• The consumer vertical segment held share of more than 26% across the market in 2019.
• The Asia Pacific is projected to hold the largest share across the global automated test equipment market from 2020 to 2027.
• The key players in this market are Astronics Corporation, STAR Technologies Inc., Chroma ATE Inc., Danaher Corporation, and Tesec Corporation.
Million Insights has segmented the global automated test equipment market on the basis of product, vertical, and region:
Automated Test Equipment Product Outlook (Revenue, USD Million, 2016 – 2027)
• Non-Memory ATE
• Memory ATE
• Discrete ATE
Automated Test Equipment Vertical Outlook (Revenue, USD Million, 2016 – 2027)
• Aerospace & Defense
• IT & Telecommunications
Automated Test Equipment Regional Outlook (Revenue, USD Million, 2016 – 2027)
• North America
• Asia Pacific
• South Korea
• South America
• Middle East & Africa
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