Global Automated Test Equipment Market Overview 2024: Size, Growth Rate, and Segments
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The automated test equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automated Test Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automated test equipment market size has grown strongly in recent years. It will grow from $6.92 billion in 2023 to $7.38 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to quality assurance and cost efficiency, globalization of electronics manufacturing, demand for higher production throughput, focus on time-to-market, need for real-time monitoring and feedback..
The automated test equipment market size is expected to see strong growth in the next few years. It will grow to $9.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to focus on test cost reduction, focus on energy-efficient electronics, rise of automotive electronics, test data analytics, in-circuit testing advancements.. Major trends in the forecast period include focus on automotive electronics testing, high-density interconnect (hdi) testing, flexible and scalable ate solutions, increased emphasis on cybersecurity testing, rise in iot device testing.
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Scope Of Automated Test Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automated Test Equipment Market Overview
Market Drivers –
The increasing demand for consumer electronics is contributing to the growth of automated test equipment. Any home equipment, gadgets, or digital devices intended for ordinary home usage are referred to as consumer electronics. Automated testing equipment is used in testing and evaluating the quality of consumer electronics, as a result, an increase in demand for consumer electronics increases the demand for automated test equipment. For instance, according to India Brand Equity Foundation, an Indian government export promotion agency, the consumer electronics industry is expected to reach $21.18 billion by 2025. Therefore, the increasing demand for consumer electronics is expected to drive the automated test equipment market growth.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The automated test equipment market covered in this report is segmented –
1) By Product Type: Memory IC Test System, Linear and Discrete Test System, System-on-Chip (SoC) Test System, Other Products
2) By Component: Industrial PC, Mass Interconnect, Handler, Prober, Other Components
3) By Technology: WCDMA and RF Technology Based Testing, LTE Technology Based Testing, Optical Inspection Technology Testing, Machine Vision Technology Testing, X-Ray Inspection Technology, Other Technologies
4) By End-Users: Aerospace and Defense, Consumer Electronics, IT and Telecommunications, Automotive, Healthcare, Other End Users
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Regional Insights –
North America was the largest region in the automated test equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated test equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the automated test equipment market report are Aemulus Holdings, Chroma ATE Inc., Astronics Corporation, Advantest Corporation, SPEA S. p. A., Teradyne Inc., STAr Technologies Inc., Roos Instruments Inc., National Instruments Corporation, Agilent Technologies Inc., Anritsu Company, Rohde & Schwarz GmbH & Co KG, Xcerra Corporation, TRICOR Systems Inc., Advint LLC, Solvay S. A., Aeroflex Inc., Marvin Test Solutions Inc., Shinbashi Inc., OMRON Corporation, Yokogawa Electric Corporation, Teledyne Technologies Incorporated, Cobham plc, Averna Technologies Inc., Test Research Inc., TestEquity LLC, Testforce Systems Inc., Testek Inc., TestWorld Inc.
1. Executive Summary
2. Automated Test Equipment Market Report Structure
3. Automated Test Equipment Market Trends And Strategies
4. Automated Test Equipment Market – Macro Economic Scenario
5. Automated Test Equipment Market Size And Growth
…..
27. Automated Test Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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