Recent innovations in the Internet of Things have dramatically transformed market dynamics


Dublin, December 03, 2021 (GLOBE NEWSWIRE) – The “Global Automated Test Equipment Market 2021-2028” the report was added to ResearchAndMarkets.com offer.

The global automated test equipment market size is expected to reach $ 8.94 billion by 2028.

It is expected to increase at a CAGR of 3.3% from 2021 to 2028. Growing system-on-chip (SoC) adoption coupled with strong demand for consumer electronics is expected to drive growth. The growth of electronic content in the automotive sector and the penetration of smartphones is expected to drive the market.

In addition, the demand for Automated Test Equipment (ATE) in manufacturing industry as the test equipment saves manufacturing cost and helps eliminate faulty devices is expected to continue to fuel the market.

Miniaturization has driven demand in various semiconductor manufacturing companies.

In addition, the considerable technological advancements coupled with the complexity of the design and the need for adequate testing are expected to have a positive impact on growth. Developments in semiconductor manufacturing processes along with the expansion of wireless networks in developing countries are expected to provide significant growth opportunities for the global market.

The growth of the ATE market is primarily driven by semiconductor manufacturing companies that focus on cost effective testing. Semiconductor manufacturing companies no longer view manufacturing costs as a profit margin factor in semiconductor chip manufacturing.

Semiconductor companies are focused on improving their manufacturing technology and looking for efficient testing means to reduce damage loss. Advances in smartphones, tablets, and SoC-based products are creating a demand for greater functionality in ATE. As connected devices become smaller, more powerful and multifaceted; they face design, application and manufacturing challenges, which increase the demand for products.

Growing complexities in design along with major technological inventions such as advanced design for testing (DFT) and adaptive testing are some of the key factors driving the automatic test equipment market.

Additionally, recent innovations in Internet of Things (IoT) devices, autonomous vehicles, as well as significant changes in the defense and aerospace industries have dramatically transformed market dynamics.

The memoryless automated test equipment product segment is expected to hold a significant market share during the forecast period owing to the increasing number of microcontroller based applications and the demand from the automotive industry.

The revenues of the information technology and telecommunications sector are expected to experience significant growth in the coming years.

Asia-Pacific accounted for the largest market share in 2019 and is expected to register the fastest growth during the forecast period, owing to the increasing number of semiconductor industries in the region. Major market players include Aemulus Holdings Bhd (“Aemulus”); Chroma ATE Inc .; and Teradyne Inc.

Highlights of the Automated Test Equipment Market Report

  • Automated Test Equipment Market Growth Driven By Extensive Use Of Test Equipment In Automotive And Semiconductor Industry

  • In the product segment, the memoryless ATE held the largest market share in 2019 and is expected to experience the second fastest growth during the forecast period due to the expansion of consumer electronics, d ” a growing number of applications based on microcontrollers, and other factors

  • In the vertical segment, IT and Telecom is expected to continue to hold the largest market share in the coming years, due to the increased emphasis on effective communication.

  • Automotive segment is expected to experience tremendous growth during the forecast period owing to the increasing integration of electronic devices in the automotive industry

  • North America is expected to experience substantial growth during the forecast period due to the high investments in aerospace and defense associated with technological innovations.

  • Major market players include Aemulus Holdings Bhd (“Aemulus”); Chroma ATE Inc .; Aeroflex Inc. (a subsidiary of Cobham plc); Astronics Company; Advantest Company; LTX-Credence Corporation (Xcerra Corporation); Teradyne Inc .; STAr Technologies Inc. (a subsidiary of Innotech Corporation); Tesec Corporation; Roos Instruments, Inc .; Marvin Testing Solutions Inc .; and Danaher Corporation. Teradyne Inc .; LTX-Credence Corporation (Xcerra Corporation); and Advantest Corporation dominated the majority of global market shares

Companies mentioned

  • Aemulus Holdings Bhd (“Aemulus”)

  • Chroma ATE Inc

  • Aeroflex Inc. (a subsidiary of Cobham plc)

  • Astronics Company

  • Advantest Co.

  • LTX-Credence Corporation (Xcerra Corporation)

  • Teradyne Inc.

  • STAr Technologies Inc. (A subsidiary of Innotech Corporation)

  • Tesec Corporation

  • Roos Instruments, Inc.

  • Marvin Testing Solutions Inc.

  • Danaher Company

For more information on this report, visit https://www.researchandmarkets.com/r/1d1679

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


Comments are closed.