Automated Test Equipment Market Size By Application (Defense, Automotive, Telecommunication & IT, Consumer Electronics), By Product (Non-memory, Memory, Discrete), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2015- 2022
Published Date: Mar 2016 | Report ID: GMI146 | Authors: Preeti Wadhwani, Shubhangi Yadav
Automated Test Equipment Market size estimated at USD 3 billion in 2014 and is predicted to register growth of over 2% from 2015 to 2022.
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The automated test equipment market growth is attributed to the rising demand for test equipment in industries including aerospace, defense, and manufacturing. Companies present in these sectors are facing challenges related to the testing of complicated designs due to limited budgets and costs. To address such challenges test engineers are widely using test & measurement tools to meet complex design requirements. For instance, the aerospace industry is witnessing a rapid usage of ATE for the testing of electronic modules in harsh environments. To support better aircraft performance and marketable returns, the demand for equipment is expected to rise over the forecast timeline to solve measurement issues, which cannot be addressed with legacy measurement techniques. Another factor accelerating market growth is the profound growth of the semiconductor industry in the countries including the U.S., Taiwan, Japan, South Korea, and EU countries. For instance, according to the Semiconductor Industry Association (SIA), in 2015, global semiconductor sales were USD 335 billion. ATE systems are extensively used in the semiconductor industry to test integrated circuits, printed circuit boards, and electronic components.
|Base Year:||2014||Market Size in 2014:||3 Billion (USD)|
|Historical Data for:||2012 to 2014||Forecast Period:||2015 to 2022|
|Forecast Period 2015 to 2022 CAGR:||2%||2022 Value Projection:||4 Billion (USD)|
|Pages:||110||Tables, Charts & Figures:||60|
|Geographies covered:||North America, Europe, Asia Pacific, Latin America, MEA|
|Segments covered:||Application, Product and Region|
|Companies covered (11):||Advantest Corp, Advint LLC, Aeroflex Inc, Agilent Technologies Inc, Anritsu Co, Cal-Bay Systems, LTX-Credence Corp, National Instruments Corp, Rohde & Schwarz GmbH & Co. KG, SPEA S.p.A, Teradyne Inc,|
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The discrete ATE market will grow at a CAGR of above 2% over the forecast timeline due to the extensive adoption of discrete testing systems. These systems are generally expensive, which may hinder market growth. The rise in smartphone and consumer devices penetration owing to huge investments in the electronics industry will support the market growth. The discrete device test systems feature high-speed test measurement and data capture, auto-calibration, and capability to perform parallel testing of power discrete devices.
The automotive application segment is projected to hold a market share of above 10% by 2022 due to rising complexities associated with vehicle design and rapid development cycles in the automotive industry. This has increased the demand for test & measurement solutions to meet the testing needs of manufacturers for the successful development of in-vehicle systems such as V2X communication boxes, multimedia ports, high-resolution dashboards, and battery management systems. The ATE system makes use of various sensing techniques for high-volume testing and generation of test results. Automotive testing technology serves powertrain, emissions, vehicle, and component testing, which will result in the market growth of ALE systems.
The North America automated test equipment market will hold a share of above 10% by 2022 due to the robust growth of the electronics industry and huge investments for the development of the automobile industry. The region is dominated by various leading car manufacturers including Ford, Toyota, Honda, and Kia Motors that are investing huge amounts in their R&D labs for the development of vehicles and their components. This will accelerate the demand for specialized automotive test equipment to meet testing challenges.
Competitive Market Share
The key market players are adopting strategies such as partnerships and product launches to support their market growth opportunities. To sustain in the market, companies are focusing on product differentiation strategy. In July 2015, Teradyne introduced an LCD Driver test solution to improve the cost of test economics as compared to emerging Touch Display Driver Integration devices (TDDI). In January 2015, Samsung selected Anritsu MD8475A Signaling Tester with SmartStudio Manager for automated smartphone testing.
Some of the major companies operating in the ATE market are Advint LLC, Agilent Technologies Inc, Advantest Corp, LTX-Credence Corp, Rohde & Schwarz GmbH, SPEA S.p.A, Cal-Bay Systems, Teradyne Inc., and Aeroflex Inc.
To deliver reliable products to customers, manufacturing companies must ensure that products are free of defects. To ensure the high quality of products delivered, test engineers use automated test equipment, which is capable of automatically testing and diagnosing faults in electronic components or integrated chips. The ATE is gaining traction in the electronic industry to test systems after being fabricated. The rapid growth of the semiconductor industry globally owing to the rise in smartphone penetration and other consumer electronics will fuel market growth.
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