Product Code: 146
Automated Test Equipment Market is anticipated to showcase massive growth through 2032, owing to the rising initiatives undertaken by several national governments to ramp up semiconductor manufacturing across developed economies, such as the U.S., China, Japan, and Taiwan. The rising use of automated test equipment in industries including aerospace and defense, semiconductor fabrication, automotive and transportation, consumer electronics, telecommunications, and medical technology is further slated to drive the market growth by 2032 end.
Besides, the global industry is likely to foresee hinderance in the coming years due to high costs associated with purchasing and maintaining automated test equipment. However, increasing use of such equipment in energy-efficient integrated circuits is slated to offer several growth opportunities to the market.
The prominent players operating in the automated test equipment industry are undertaking several strategic initiatives such as partnerships, mergers, acquisitions, and unveiling new products to gain a competitive edge in the market. For instance, in 2021, Keysight Technologies, one of the leading technology companies, acquired SCALABLE Network Technologies. The recent move would enable the clients to prototype, model, and assess multi-domain applications and networks via software simulation, thus reducing the risks during development and improving time to market.
Overall, the automated test equipment market is segmented in terms of type, application, and region.
Considering the type, the memory IC test system held over 25% market share in 2022 and is slated to grow exponentially through 2032. The growth can be ascribed to the burgeoning demand for consumer electronic goods such as smartphones, tablets, laptops, gaming consoles, hearables, wearables, digital cameras, and VR and AR devices, along with other embedded devices. Moreover, the ability of memory IC systems to perform automatic search on microprocessors and digital/analog ICs, loopback tests, and algorithm check functions, would further boost the market scenario.
In terms of application, the automotive segment is slated to exhibit over 12% CAGR between 2023-2032. The surging adoption can be credited to the robust digitization and deployment of numerous electronic components in automotive systems. Automotive electronics are increasingly gaining traction as they act as a key component for the cost of an automobile, which is further estimated to pave the way for segmental expansion.
Regionally, the North America automated test equipment market was valued at over USD 800 million in 2022 and is poised to demonstrate substantial expansion through 2032. The growth can be attributed to the investments made by the government to fast-track manufacturing, which have propelled the adoption of automation systems, conveyors, and collaborative and industrial robots in the region. In addition, several leading players are engaging in strategic initiatives to strengthen their foothold in the region, thereby positively influencing the industry's growth in North America by 2032.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Scope & definitions
- 1.2 Base estimates and calculations
- 1.3 Forecast calculations
- 1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
- 1.5 Industry glosarry
Chapter 2 Executive Summary
- 2.1 Automated Test Equipment industry 360 degree synopsis, 2018-2032
- 2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
- 2.3 Regional trends
- 2.4 Type trends
- 2.5 Application trends
Chapter 3 Automated Test Equipment Market Industry Insights
- 3.1 Introduction
- 3.2 Impact of COVID-19
- 3.2.1 North America
- 3.2.2 Europe
- 3.2.3 Asia Pacific
- 3.2.4 LAMEA
- 3.3 Russia- Ukraine war impact on automated test equipment industry
- 3.4 Impact of China - U.S. trade war on the market
- 3.5 Industry ecosystem analysis
- 3.5.1 Raw material & component supplier
- 3.5.2 System integrators
- 3.5.3 Manufacturers
- 3.5.4 Distribution channel analysis
- 3.5.5 End-user
- 3.5.6 Profit margin analysis
- 3.5.7 Vendor matrix
- 3.6 Profit margin analysis
- 3.7 Technology & innovation landscape
- 3.7.1 Xtreme Link technology (Advantest Corporation)
- 3.7.2 Near DUT Test Technology (Teradyne Inc.)
- 3.8 Patent landscape
- 3.9 Key news and initiatives
- 3.10 Regulatory landscape
- 3.10.1 North America
- 3.10.2 Europe
- 3.10.3 Asia Pacific
- 3.10.4 LAMEA
- 3.11 Industry impact forces
- 3.11.1 Growth drivers
- 3.11.1.1 Growing demand for advanced and miniaturized semiconductor components in consumer electronics sector
- 3.11.1.2 Expansion of vehicle electrification across the globe
- 3.11.1.3 Increasing use of 5G and IoT technologies
- 3.11.1.4 Growing demand for SoCs in AI and computing applications
- 3.11.1.5 Rising government programs to support the semiconductor industry in North America and the Asia-Pacific
- 3.11.2 Industry pitfalls & challenges
- 3.11.2.1 High cost of purchasing and maintenance
- 3.12 Investment landscape
- 3.13 Growth potential analysis
- 3.14 Porter's analysis
- 3.14.1 Industry rivalry
- 3.14.2 Threat of new entrants
- 3.14.3 Buyer power
- 3.14.4 Supplier power
- 3.14.5 Threat of substitutes
- 3.15 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
- 4.1 Introduction
- 4.2 Company market share, 2022
- 4.3 Competitive analysis of major market players, 2022
- 4.3.1 Advantest Corporation
- 4.3.2 Cohu, Inc
- 4.3.3 Keysight Technologies
- 4.3.4 Teradyne Inc
- 4.3.5 Tokyo Electron Limited
- 4.4 Competitive analysis of prominent leaders, 2022
- 4.4.1 Anritsu Co.
- 4.4.2 Chroma ATE Inc.
- 4.4.3 NATIONAL INSTRUMENTS CORPORATION (NI)
- 4.4.4 OMRON Corporation
- 4.4.5 SPEA S.p.A
- 4.5 Competitive positioning matrix
- 4.6 Strategic outlook matrix
Chapter 5 Automated Test Equipment Market, By Type
- 5.1 Key trends, by component
- 5.2 Memory IC test system
- 5.2.1 Market estimates and forecast, 2018-2032
- 5.3 Linear & discrete test system
- 5.3.1 Market estimates and forecast, 2018-2032
- 5.4 System-on-chip (SoC) test system
- 5.4.1 Market estimates and forecast, 2018-2032
- 5.5 Others
- 5.5.1 Market estimates and forecast, 2018-2032
Chapter 6 Automated Test Equipment Market, By Application
- 6.1 Key trends, by application
- 6.2 Consumer electronics
- 6.2.1 Market estimates and forecast, 2018-2032
- 6.3 Automotive
- 6.3.1 Market estimates and forecast, 2018-2032
- 6.4 Aerospace & defense
- 6.4.1 Market estimates and forecast, 2018-2032
- 6.5 ICT
- 6.5.1 Market estimates and forecast, 2018-2032
- 6.6 Others
- 6.6.1 Market estimates and forecast, 2018-2032
Chapter 7 Automated Test Equipment Market, By Region
- 7.1 Key trends, by region
- 7.2 North America
- 7.2.1 Market estimates and forecast, 2018-2032
- 7.2.2 Market estimates and forecast, by type, 2018-2032
- 7.2.3 Market estimates and forecast, by application, 2018-2032
- 7.2.4 U.S.
- 7.2.4.1 Market estimates and forecast, 2018-2032
- 7.2.4.2 Market estimates and forecast, by type, 2018-2032
- 7.2.4.3 Market estimates and forecast, by application, 2018-2032
- 7.2.5 Canada
- 7.2.5.1 Market estimates and forecast, 2018-2032
- 7.2.5.2 Market estimates and forecast, by type, 2018-2032
- 7.2.5.3 Market estimates and forecast, by application, 2018-2032
- 7.3 Europe
- 7.3.1 Market estimates and forecast, 2018-2032
- 7.3.2 Market estimates and forecast, by type, 2018-2032
- 7.3.3 Market estimates and forecast, by application, 2018-2032
- 7.3.4 UK
- 7.3.4.1 Market estimates and forecast, 2018-2032
- 7.3.4.2 Market estimates and forecast, by type, 2018-2032
- 7.3.4.3 Market estimates and forecast, by application, 2018-2032
- 7.3.5 Germany
- 7.3.5.1 Market estimates and forecast, 2018-2032
- 7.3.5.2 Market estimates and forecast, by type, 2018-2032
- 7.3.5.3 Market estimates and forecast, by application, 2018-2032
- 7.3.6 France
- 7.3.6.1 Market estimates and forecast, 2018-2032
- 7.3.6.2 Market estimates and forecast, by type, 2018-2032
- 7.3.6.3 Market estimates and forecast, by application, 2018-2032
- 7.3.7 Italy
- 7.3.7.1 Market estimates and forecast, 2018-2032
- 7.3.7.2 Market estimates and forecast, by type, 2018-2032
- 7.3.7.3 Market estimates and forecast, by application, 2018-2032
- 7.3.8 Russia
- 7.3.8.1 Market estimates and forecast, 2018-2032
- 7.3.8.2 Market estimates and forecast, by type, 2018-2032
- 7.3.8.3 Market estimates and forecast, by application, 2018-2032
- 7.3.9 Netherlands
- 7.3.9.1 Market estimates and forecast, 2018-2032
- 7.3.9.2 Market estimates and forecast, by type, 2018-2032
- 7.3.9.3 Market estimates and forecast, by application, 2018-2032
- 7.4 Asia Pacific
- 7.4.1 Market estimates and forecast, 2018-2032
- 7.4.2 Market estimates and forecast, by type, 2018-2032
- 7.4.3 Market estimates and forecast, by application, 2018-2032
- 7.4.4 China
- 7.4.4.1 Market estimates and forecast, 2018-2032
- 7.4.4.2 Market estimates and forecast, by type, 2018-2032
- 7.4.4.3 Market estimates and forecast, by application, 2018-2032
- 7.4.5 Japan
- 7.4.5.1 Market estimates and forecast, 2018-2032
- 7.4.5.2 Market estimates and forecast, by type, 2018-2032
- 7.4.5.3 Market estimates and forecast, by application, 2018-2032
- 7.4.6 South Korea
- 7.4.6.1 Market estimates and forecast, 2018-2032
- 7.4.6.2 Market estimates and forecast, by type, 2018-2032
- 7.4.6.3 Market estimates and forecast, by application, 2018-2032
- 7.4.7 Taiwan
- 7.4.7.1 Market estimates and forecast, 2018-2032
- 7.4.7.2 Market estimates and forecast, by type, 2018-2032
- 7.4.7.3 Market estimates and forecast, by application, 2018-2032
- 7.5 LEMEA
- 7.5.1 Market estimates and forecast, 2018-2032
- 7.5.2 Market estimates and forecast, by type, 2018-2032
- 7.5.3 Market estimates and forecast, by application, 2018-2032
- 7.5.4 Mexico
- 7.5.4.1 Market estimates and forecast, 2018-2032
- 7.5.4.2 Market estimates and forecast, by type, 2018-2032
- 7.5.4.3 Market estimates and forecast, by application, 2018-2032
- 7.5.5 Argentina
- 7.5.5.1 Market estimates and forecast, 2018-2032
- 7.5.5.2 Market estimates and forecast, by type, 2018-2032
- 7.5.5.3 Market estimates and forecast, by application, 2018-2032
- 7.5.6 Israel
- 7.5.6.1 Market estimates and forecast, 2018-2032
- 7.5.6.2 Market estimates and forecast, by type, 2018-2032
- 7.5.6.3 Market estimates and forecast, by application, 2018-2032
Chapter 8 Company Profiles
- 8.1 Advantest Corporation
- 8.1.1 Business Overview
- 8.1.2 Financial Data
- 8.1.3 Product Landscape
- 8.1.4 Strategic Outlook
- 8.1.5 SWOT Analysis
- 8.2 ADVINT, LLC
- 8.2.1 Business Overview
- 8.2.2 Financial Data
- 8.2.3 Product Landscape
- 8.2.4 Strategic Outlook
- 8.2.5 SWOT Analysis
- 8.3 Aemulus Corporation Sdn Bhd.
- 8.3.1 Business Overview
- 8.3.2 Financial Data
- 8.3.3 Product Landscape
- 8.3.4 Strategic Outlook
- 8.3.5 SWOT Analysis
- 8.4 Anritsu Co.
- 8.4.1 Business Overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 Strategic Outlook
- 8.4.5 SWOT Analysis
- 8.5 ASM Pacific Technology
- 8.5.1 Business Overview
- 8.5.2 Financial Data
- 8.5.3 Product Landscape
- 8.5.4 Strategic Outlook
- 8.5.5 SWOT Analysis
- 8.6 Astronics Corporation
- 8.6.1 Business Overview
- 8.6.2 Financial Data
- 8.6.3 Product Landscape
- 8.6.4 Strategic Outlook
- 8.6.5 SWOT Analysis
- 8.7 Autotest Company
- 8.7.1 Business Overview
- 8.7.2 Financial Data
- 8.7.3 Product Landscape
- 8.7.4 Strategic Outlook
- 8.7.5 SWOT Analysis
- 8.8 Averna Technologies Inc.
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 Strategic Outlook
- 8.8.5 SWOT Analysis
- 8.9 Chroma ATE Inc.
- 8.9.1 Business Overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 Strategic Outlook
- 8.9.5 SWOT Analysis
- 8.10 Cohu Inc.
- 8.10.1 Business Overview
- 8.10.2 Financial Data
- 8.10.3 Product Landscape
- 8.10.4 Strategic Outlook
- 8.10.5 SWOT Analysis
- 8.11 INNOTECH CORPORATION
- 8.11.1 Business Overview
- 8.11.2 Financial Data
- 8.11.3 Product Landscape
- 8.11.4 Strategic Outlook
- 8.11.5 SWOT Analysis
- 8.12 Keysight Technologies
- 8.12.1 Business Overview
- 8.12.2 Financial Data
- 8.12.3 Product Landscape
- 8.12.4 Strategic Outlook
- 8.12.5 SWOT Analysis
- 8.13 Lorlin Test Systems
- 8.13.1 Business Overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 Strategic Outlook
- 8.13.5 SWOT Analysis
- 8.14 Marvin Test Solutions, Inc.
- 8.14.1 Business Overview
- 8.14.2 Financial Data
- 8.14.3 Product Landscape
- 8.14.4 Strategic Outlook
- 8.14.5 SWOT Analysis
- 8.15 MICRONICS JAPAN CO., LTD.
- 8.15.1 Business Overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 Strategic Outlook
- 8.15.5 SWOT Analysis
- 8.16 National Instruments Corporation
- 8.16.1 Business Overview
- 8.16.2 Financial Data
- 8.16.3 Product Landscape
- 8.16.4 Strategic Outlook
- 8.16.5 SWOT Analysis
- 8.17 Rohde & Schwarz GmbH & Co. KG
- 8.17.1 Business Overview
- 8.17.2 Financial Data
- 8.17.3 Product Landscape
- 8.17.4 Strategic Outlook
- 8.17.5 SWOT Analysis
- 8.18 Roos Instruments, Inc.
- 8.18.1 Business Overview
- 8.18.2 Financial Data
- 8.18.3 Product Landscape
- 8.18.4 Strategic Outlook
- 8.18.5 SWOT Analysis
- 8.19 Shibasoku Co., Ltd
- 8.19.1 Business Overview
- 8.19.2 Financial Data
- 8.19.3 Product Landscape
- 8.19.4 Strategic Outlook
- 8.19.5 SWOT Analysis
- 8.20 SPEA S.p.A
- 8.20.1 Business Overview
- 8.20.2 Financial Data
- 8.20.3 Product Landscape
- 8.20.4 Strategic Outlook
- 8.20.5 SWOT Analysis
- 8.21 Teradyne Inc.
- 8.21.1 Business Overview
- 8.21.2 Financial Data
- 8.21.3 Product Landscape
- 8.21.4 Strategic Outlook
- 8.21.5 SWOT Analysis
- 8.22 TESEC Corporation
- 8.22.1 Business Overview
- 8.22.2 Financial Data
- 8.22.3 Product Landscape
- 8.22.4 Strategic Outlook
- 8.22.5 SWOT Analysis
- 8.23 Test Research, Inc.
- 8.23.1 Business Overview
- 8.23.2 Financial Data
- 8.23.3 Product Landscape
- 8.23.4 Strategic Outlook
- 8.23.5 SWOT Analysis
- 8.24 Tokyo Electron Limited
- 8.24.1 Business Overview
- 8.24.2 Financial Data
- 8.24.3 Product Landscape
- 8.24.4 Strategic Outlook
- 8.24.5 SWOT Analysis