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Automated Test Equipment Market - By Type (Memory Integrated Circuit (IC) Test System, Linear & Discrete Test System, System-on-Chip [SoC] Test System), By Application (Consumer Electronics, Automotive, A&D, ICT), By Region - Global Forecast to 2032

  • Report ID: GMI146
  • Published Date: Mar 2023
  • Report Format: PDF

Automated Test Equipment Market Size

Automated Test Equipment Market size exceeded USD 8.5 billion in 2022 and is expected to register over 10% CAGR between 2023 and 2032. This market growth can be attributed to the growing sales of electric vehicles around the globe. Rising government initiatives across the globe to promote the adoption of electric vehicles are also major factors contributing to market growth.

Automated Test Equipment Market

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High costs of automated test equipment may restrict product adoption

The high purchase cost of automated testing equipment is limiting product uptake. Growing maintenance concerns including repairs, calibration issues, and equipment misconfigurations are also hampering market growth. Equipment manufacturers are investing heavily in R&D to develop modern automated test equipment at reduced costs.

Automated Test Equipment Market Analysis

Consumer electronics will be in high demand as System on Chip (SoC) technology becomes more widely used. The innovations in the IoT and autonomous vehicle industries are propelling segment growth. Additionally, it is projected that significant development in the aerospace and military industries will accelerate segment expansion during the assessment period. Worldwide businesses place a strong emphasis on increasing customer satisfaction by ensuring shorter time-to-market, reducing testing expenses, and offering higher product quality, which will fuel automated test equipment market expansion in the coming years.

Global Automated Test Equipment Market Share, By Type

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Automated test equipment market from aerospace & defense industry accounted for business share of over 7.5% in 2022 and is expected to surpass USD 1 billion by 2032. Due to rising government investments in numerous locations over the past three decades, the aerospace & military industry has seen an increase in the adoption of complex technologies, leading to advancements at a quick rate and innovations. This will result in the increasing effectiveness of the currently available instruments and expansion of the new operational scope that are beneficial for various duties. Since any flaw can cause serious mishaps, the electronic equipment utilized in the aerospace & military industry must be of the highest caliber. As automated test equipment is required to thoroughly inspect the production of electronics equipment for the aviation & defense industry, the market will rise throughout the forecast period.


Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automated test equipment (ATE) exceeded USD 8.5 billion in 2022 and is anticipated to witness 10% CAGR from 2023 to 2032 due to the soaring focus on vehicle electrification worldwide.

The ICT sector accounted for more than 25% ATE market share in 2022 and is projected to expand considerably through 2032 as a result of the increased usage of computing devices in manufacturing industries.

The Europe automated test equipment industry is projected to record robust growth of nearly 5% during 2023 and 2032 owing to the growing popularity of wearable healthcare devices.

The business scenario consists of Teradyne Inc., Anritsu Co., Tokyo Electron Limited, Chroma ATE Inc., Advantest Corporation, Keysight Technologies, Cohu Inc., OMRON Corporation, SPEA S.p.A., and other companies.

Automated Test Equipment Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 24
  • Tables & Figures: 215
  • Countries covered: 15
  • Pages: 150
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