Automated Test Equipment Market Size & Analysis - Forecasts To 2025 By Product (Non-Memory ATE, Discrete ATE, Memory ATE); By Component (Handlers/ Probers, Industrial Pcs, Mass Interconnect, and Others), By Type (Mixed Signal Testing, Digital Testing, Memory Chip Testing, Others), By Application (Aerospace & Defense, Consumer Electronics, Automotive, Medical, Others); By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa); End-use Landscape; Vendor Landscape and Competitive Landscape - Global Market Estimates
Automated Test Equipment Market Insights
The global automated test equipment market accounted for a significant market share in 2016. It is further anticipated to increase at a CAGR of more than 4% over the coming years. Factors such as increased revenues generated from sales of consumer electronics, coupled with advancements in technology and need for effective testing methods are likely to propel the market growth.
Also, growing acceptance of System-on-chip is projected to contribute towards the industry growth. Increasing electronic components in the automotive sector along with growing use of smartphones is further predicted to influence the market over the coming years.
Advancements in the manufacturing processes of semiconductors coupled with extensive use of wireless networks in emerging nations are also projected to impact the industry growth positively. However, high costs associated with testing are likely to restrain the market growth, over the years.
Automated Test Equipment Market: Product Insights
The automated test equipment market is segmented into non-memory ate, discrete ate, and memory ate, based on products. The non-memory ATE product segment held the majority of market share in 2016. To simplify the complexities associated with semiconductor chip manufacturing, a significant amount of test cost and test time is required. ATE companies are extensively engaged in R&D activities in order to improve their product portfolio and to cope up with the latest enhancements in semiconductor devices.
Automated Test Equipment Market: Component/Type Insights
On the basis of component, the automated test equipment market is classified into handlers/ probers, industrial pcs, mass interconnect, and others.
The automated test equipment market is divided into aerospace & defense, consumer electronics, automotive, medical, and others, based on type. Mixed signal testing is mostly used to eliminate tester hardware requirements and to minimize test costs. Memory Chip Testing is the basic process of chip testing which include sending test signals via chip pins and then receiving the response through pins.
Automated Test Equipment Market: Application Insights
Based on application, the automated test equipment market is segmented into aerospace & defense, IT & telecommunication, consumer electronics, automotive, medical, and others.
The IT & Telecommunication application segment in automated test equipment market is projected to record significant market share by 2025.
Automotive application segment is projected to witness a lucrative growth rate over the coming years. The demand for automated test equipment is likely to be influenced by the increasing unit production, complexity, and performance level of semiconductor devices used in various electronic products.
Automated Test Equipment Market: Regional Insights
North America is expected to witness a significant growth rate over the coming years due to its increasing application in defense sector and several other industries. Asia Pacific accounted for a significant market share in 2016 owing to a large number of semiconductor industries existing in this region.
Automated Test Equipment Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers existing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global automated test equipment market. The major consumers of the product are Ford Motor and Samsung among others.
Automated Test Equipment Market: Competitive Insights
The key players operating in the global automated test equipment market include Astronics Test Systems, Agilent Technologies Inc., Teradyne Inc., Chroma ATE Inc., Cobham Plc, Advantest Corporation, LTX-Credence Corporation, Roos Instrument Inc., National instrument Corporation, and Marvin Test Solution Inc.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Automated Test Equipment Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Automated Test Equipment Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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