How Does the Market Size Analysis Outlook for the Automated Test Equipment Market Look Like?
The automated test equipment market size has seen robust growth in recent years, growing from $7.21 billion in 2024 to $7.59 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. This growth in the historic period can largely be attributed to quality assurance and cost efficiency, the globalization of electronics manufacturing, demand for higher production throughput, and the need for real-time monitoring and feedback.
Looking to the future, the automated test equipment market size is expected to see strong growth, predicted to increase to $10.85 billion in 2029 at a CAGR of 9.3%. The projected market growth can be attributed to efforts towards test cost reduction, an increasing focus on energy-efficient electronics, a rise in automotive electronics, test data analytics, in-circuit testing advancements, and more. Significant trends projected for the forecast period include a heightened focus on automotive electronics testing, HDI (High-Density Interconnect) testing, flexible and scalable ATE solutions, an increased emphasis on cybersecurity testing, and a rise in IoT device testing.
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What Are the Key Factors Driving the Growth of the Automated Test Equipment Market?
The increasing demand for consumer electronics contributes significantly to the growth of the automated test equipment market. Consumer electronics include home equipment, gadgets, and digital devices designed for everyday home use. As a result, an increase in demand for consumer electronics indirectly increases the demand for automated test equipment used in testing and evaluating the quality of these products. For instance, the consumer electronics industry in India, per the India Brand Equity Foundation, is expected to reach $21.18 billion by 2025. Therefore, the growth in consumer electronics is a significant driver of the automated test equipment market.
What Are the Major Segments Within The Global Automated Test Equipment Market?
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
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Who Are the Major Players in the Automated Test Equipment Market?
Major companies operating in the automated test equipment market include 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.
Are There Emerging Trends in the Automated Test Equipment Market?
Strategic partnerships have emerged as a key trend in the automated test equipment market. Major companies operating in this sector are focusing on partnerships to meet consumer demand. For example, in July 2023, ProteanTecs Ltd., an Israel-based software company, announced a strategic alliance with Teradyne, Inc. to improve semiconductor testing and debugging procedures for complex SoCs (System on Chips). This partnership provides customers with new levels of device visibility, enabling real-time decisions, inline with tester results.
Which Region Is Set to Grow the Fastest in the Automated Test Equipment Market?
North America was the largest region in the automated test equipment market back in 2024. However, the Asia-Pacific region is expected to be the fastest-growing region in the forecast period. The report covers other regions such as Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Automated Test Equipment Market Report 2025 Offer?
Automated test equipment refers to computer-controlled test and measurement equipment that allows for minimal human interaction during testing. It is applied across various applications for testing and evaluating quality and functionality. This equipment is also utilised for testing printed circuit boards, interconnections, and verifications. The Automated Test Equipment Market research report from The Business Research Company offers insights into global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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