The Automated Test Equipment (ATE) Market is expected to grow significantly. Based on projections, the market, which was estimated to be worth USD 7.0 billion in 2022, is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.7% to reach USD 8.8 billion by 2027.
Numerous causes, including the rising need for effective testing solutions across a range of industries, are responsible for this growth trajectory. The industries of semiconductor fabrication, automotive and transportation, healthcare, aerospace and defence, and consumer electronics are anticipated to propel the market's growth. The study highlights the global scope of this expansion, identifying major geographical regions that are contributing to the market's upward trajectory for automated test equipment, including North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW).
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The fast start and extensive effects of the COVID-19 epidemic have presented hurdles for the global market for Automated Test Equipment (ATE). The pandemic's disruption has had a major impact on market dynamics, especially since it has disrupted supply networks worldwide. The latter months of 2020 saw a supply deficit in the semiconductor industry, a major participant in the ATE market, which was linked to the temporary closure of manufacturing facilities and the halting of transportation operations. But there's hope since a quick recovery is expected in the post-pandemic phase. The growing need for semiconductor fabrication processes is fueling this rebound, suggesting a promising future for the ATE sector once supply chains settle and the world economy picks up steam.
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Printed Circuit Board Testing to witness the highest CAGR during the forecast period.
The core of many different electronic devices is a printed circuit board (PCB), which is an essential part of electronic circuits. PCB complexity has increased significantly due to the modern practice of using many layers and surface-mount components. Owing to the countless uses for printed circuit boards, it is crucial that they perform flawlessly and in line with project requirements. Technological developments in semiconductor fabrication have enabled electronic circuits to consist of hundreds of components connected by many welds. This increase in complexity is in line with the growing need for PCBs, and the market is expected to rise strongly over the course of the forecast period, with the highest Compound Annual Growth Rate (CAGR) recorded. The need for effective and sophisticated printed circuit boards (PCBs) grows with the complexity of electronic systems, in order to satisfy the changing needs of different industries.
Industrial PCs is expected to have the largest market size during the forecast period
In the market for Automated Test Equipment (ATE), industrial PCs are clearly the leading player, especially when it comes to acting as controllers for ATE systems. These industrial PCs are resilient to difficult conditions and are specifically made to function well in harsh industrial settings. These industrial PCs, mounted inside sturdy rack-mounting enclosures, are essential for simplifying the system configuration because they require less wiring. Industrial PCs are excellent at managing equipment and other electrical systems that are exposed to a variety of environmental stresses in addition to their primary function as controllers. Their remarkable resilience to various elements like noise, vibration, temperature swings, and dust ensures dependable and steady operation in harsh industrial environments. The prevalence of industrial PCs highlights how important a role they play in determining the operation and effectiveness of Automated Test Equipment systems used in a wide range of industrial applications.
Semiconductor Fabrication to have the largest market size during the forecast period.
The demand for semiconductors has surged in the semiconductor industry in recent years, leading to front-end semiconductor production facilities, or fabs, running at capacity utilisation rates above 80%. Some fabrication factories even reach extraordinarily high utilisation rates of 90–100%. The industry has been forced to optimise capacity utilisation despite the difficulties associated with fabricating semiconductors due to the pressing need to fulfil the growing demand. Semiconductors are essential to many different types of technology, and producing them is a labor-intensive and precise process. The current worldwide chip scarcity has made it even more urgent for the semiconductor industry to dramatically boost fab capacity utilisation in order to meet the soaring demand and lessen the difficulties brought on by the shortfall.
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China to grow with the highest CAGR in APAC region during the forecast period
China is expected to demonstrate the greatest Compound Annual Growth Rate (CAGR) in the Asia-Pacific (APAC) area, thereby consolidating its status as the world's leading manufacturing hub for a range of industries, including semiconductors, cars, and electronics. China, a country well-known for its quick economic expansion, has shown itself to be a resilient manufacturer throughout the epidemic by creating and producing a wide range of medical gadgets when it mattered most. China, with one of the fastest expanding economies in the world, is not only a competitor on the international stage, but it also holds the distinction of having the fastest growing consumer market, outpacing the US and certain Western European nations. China's economic might is predicted to fuel a rise in the country's need for Automated Test Equipment (ATE), especially for the design, development, and testing processes involved in the manufacturing of consumer appliances and other auxiliary electronics. The nation's dual roles as a global manufacturing powerhouse and expanding consumer market highlight how important it will be in determining the direction of the ATE industry going forward.
The report profiles key players in the automated test equipment market and analyzes their market shares. Players profiled in this report are Advantest Corporation (Japan), Teradyne (US), National Instruments (US), Chroma ATE (Taiwan), Astronics Corporation (US), STAr Technologies (Taiwan), Roos Instruments (US), Marvin Test Solutions (US), Cohu (US), and OMRON Corporation (Japan), TESEC Corporation(Japan), Danaher(US), ESPEC North America(US), JTAG Technologies(Netherlands), Vaunix(US), JFW Industries(US), Aemulus(Malaysia), Festo(Germany), Nikon Metrology(Belgium), Carl Zeiss AG (Germany), Viscom AG(Germany), Keysight Technologies(US), Artiflex Engineering(South Africa), Vitrox Corporation(Malaysia), Saki Corporation(Japan), Test Research Inc. (TRI)(Taiwan), ShenZhen J-wide Electronics Equipment Co., Ltd.(China), CHINO(US).
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