Automated Test Equipment (ATE) Market Size to cross $4bn by 2022

Automated Test Equipment Market size is set to cross USD 4 billion by 2022; according to a new research report by Global Market Insights, Inc.
 

The automated test equipment (ATE) market growth is primarily driven by the rising demand in consumer, computing, and communication markets. With the rising need for efficiency and the increasing complexity of integrated circuits and semiconductor devices, the cost of testing has been rising. This is augmenting the demand for cost-effective testing solutions, which automatically run high-level electronics diagnostic for integrated circuits. The testing solutions leverage automated information technology and control systems to perform tests, preventing defective devices from entering the market. Another factor accelerating market demand is the high penetration of smartphones and compact devices. The rising complexity of these products has compelled engineering teams to conduct testing of electronic modules to meet escalating requirements, simplifying development.

 

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The consumer electronics market is projected to hold an automated test equipment market share of around 30% by 2022 due to the rapid growth of the semiconductor industry globally. According to the Semiconductor Industry Association (SIA), China represents around 50% of the global semiconductor market, accounting for USD 336 billion. It is estimated that the electronic products industry in India was around USD 6.18 billion in 2015 due to an increase in the number of mobile devices, industrial electronics, automotive electronics, and consumer electronics products. The rapid usage of advanced electronics products, such as smartphones, tablets, and LED TVs, has accelerated the demand for automated testing and test instruments to ensure that the device is free from defects. The testing equipment is used to test printed circuit boards, quickly confirming whether a device under the test is working properly or not.
 

Global ATE Market Share, By Region, 2014

 

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The non-memory segment is expected to grow at a CAGR of above 2% between 2015 and 2022 as it includes semiconductors with non-memory circuitry including analog and logic circuits. The demand for these testing solutions will rise due to the increase in the number of microcontrollers in consumer, automotive, and medical applications.
 

Browse key industry insights spread across 110 pages with 31 market data tables & 29 figures & charts from the report, “Automated Test Equipment Market Size By Application (Defense, Automotive, Telecommunication & IT, Consumer Electronics), By Product (Non-memory, Memory, Discrete), Industry Analysis Report, Regional Outlook (North America, Europe, Asia Pacific, Latin America, MEA), Growth Potential, Competitive Market Share & Forecast, 2015 - 2022” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automated-test-equipment-ate-market-size
 

The Asia Pacific automated test equipment (ATE) market held a dominant share in 2014 and is expected to maintain its dominant share of over70% by 2022. The market growth is attributed to the profound growth of the electronics industry and rapid technological advancements in Asian countries. According to the ITA, Japan has the third-largest electronics manufacturing industry globally and is home to the largest semiconductor producers including Sony and Toshiba. Also, South Korea is one of the largest producers of semiconductors and its imports grew 3.52% from 2014 to 2015, from USD 35.3 billion to USD 36.7 billion. The huge growth of the industry has resulted in a rise in the demand for semiconductor test solutions ranging from ATE, PXI systems, and system-level test solutions. The rapidly growing investments for the development of autonomous cars will also fuel the demand for automated testing solutions for testing commercial ADAS equipped vehicles.
 

Companies present in the market are focusing on strategic partnerships and acquisitions to gain a foothold in the market. In September 2014, Averna acquired Cal-Bay Systems, a provider of test & measurement solutions based in the U.S. This helped the company to strengthen its presence in the medical device and consumer electronics market. Some leading companies are focusing on the development of new testing products to cater to the escalating user demands in various industry verticals. For example, in August 2015, National Instruments introduced a new Industrial IoT kit for high volume testing in the manufacturing of multi-standard devices.
 

Some of the major companies operating in the market are Advantest Corp, Advint LLC, Agilent Technologies Inc., Cal-Bay Systems, LTX-Credence Corp., Rohde & Schwarz GmbH, SPEA S.p.A, Teradyne Inc., and Aeroflex Inc.
 

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The automated test equipment (ATE) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2012 to 2022, for the following segments:

By Product  

  • Memory
  • Non-memory
  • Discrete

By Application

  • Automotive
  • Consumer
  • Defense
  • IT & Telecom

The above information has been provided for the following regions:

  • North America
  • Europe
  • APAC
  • Latin America
  • MEA

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