Automated Test Equipment (ATE) Market worth over $11.5bn by 2027

Automated Test Equipment Market size is set to surpass USD 11.5 billion by 2027, according to a new research report by Global Market Insights Inc.
 

The automated test equipment market growth is attributed to the rising investments by semiconductor foundries to establish new manufacturing facilities across the globe. Companies are focused on increasing the output of wafer production to cater to the demand in various industries including medical electronics, consumer, and automotive. In June 2021, Global foundries invested USD 4 billion in Singapore for the development of a new semiconductor fab facility. The company will start mass production of semiconductor chipsets by 2023. Foundries are extensively focusing on integrating automated test equipment for back-end semiconductor processing and increasing the production capacity. The automated test equipment reduces the testing time of semiconductor wafers, chipsets & ICs, thus supporting the industry growth.

 

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Technological advancements in memory IC test systems will spur the market expansion

U.S. Automated Test Equipment Market Size, By Type

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The memory IC test system accounted for 25% of the automated test equipment market share in 2020 and is anticipated to witness 7.5% growth rate through 2027 led by the several high-end features offered by automated memory IC test systems, such as detailed verification of chip orientation, and In-System-Programmability (ISP), compared to semi-automated systems. This system also provides loop test, auto-find, and algorithm check functions that can be used with a variety of microprocessors, RAMs & digital ICs. Market players are emphasizing on developing advanced memory IC testers that provide parallel-testing features in the system.
 

Browse key industry insights spread across 160 pages with 144 market data tables and 31 figures & charts from the report, “Automated Test Equipment Market Size By Type (Memory Integrated Circuit (IC) Test System, Linear & Discrete Test System, System-on-Chip [SoC] Test System), By Application (Consumer Electronics, Automotive, Aerospace & Defense, Information & Communication Technology (ICT)), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/automated-test-equipment-ate-market-size
 

Growing electronic content in the automotive industry will boost the market value

The automated test equipment market from automotive held 25% of revenue share in 2020 and will grow at a CAGR of 8% by 2027 impelled by the increasing electronic content in automotive such as advanced telematics systems, In-Vehicle Infotainment (IVI) systems, ADAS, and advanced electronic safety systems. These systems are heavily integrated with memory ICs, SoCs & power semiconductors, which require to be tested to ensure that both the embedded chip and the end device are performing accurately. The increasing integration of various electronic features in EVs, such as battery management systems, powertrain, engine controllers, and others, which are integrated with ICs and power discrete devices will drive the demand for automated test equipment.
 

According to a report published by the International Energy Agency in 2021, the global EV registration increased to 10 million units in 2020, a 43% rise compared to 2019. The market for automated test equipment will be accelerated by growing penetration of electric vehicles and rising demand for semiconductor chips in the automotive industry during the forecast timeline.
 

Increasing government initiatives to promote chip manufacturing for the defense sector will foster the market demand in North America region

North America automated test equipment market is estimated to attain a CAGR of 8.5% during 2021 to 2027 due to the rising utilization of automated test equipment in the aerospace & defense sector. Governments in the region are taking initiatives to promote chip manufacturing and cater to the market progression from the military, aerospace & defense sectors. For instance, in June 2020, the U.S. government passed a bill with provisions in the CHIPS America Act to increase incentives for advanced R&D, long-term national security, and economic competition. The government allocated USD 3 billion to the National Science Foundation and USD 2 billion to the Defense Advanced Research Projects under the Electronics Resurgence Initiative for semiconductor technology research & development.
 

Key companies operating in the market include Advantest Corporation, ASM Pacific Technology, Astronics Corporation, National Instruments Corporation, Cohu, Inc., Teradyne Inc., and Tokyo Electron Limited. Market leaders are highly engaged in collaboration and partnership activities to stay competitive among other participants.
 

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