Automated Test Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Automated Test Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Automated Test Equipment Trends and Forecast

The future of the global automated test equipment market looks promising with opportunities in the semiconductor fabrication, consumer electronic, automotive & transportation, aerospace & defense, and medical sectors. The global automated test equipment market is expected to reach an estimated $9.0 billion by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are growing demand for high-quality electronic products, rising preference for e-vehicles, and emergence of 5G and IoT enabled technologies.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Automated Test Equipment by Segment

The study includes a forecast for the global automated test equipment by component, type, end use, and region.

Automated Test Equipment Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Industrial PCs
• Handlers/Probers
• Mass Interconnects
• Others

Automated Test Equipment Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Integrated Circuit Testing
• Printed Circuit Board Testing
• Hard Disk Drive Testing
• Modules

Automated Test Equipment Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Semiconductor Fabrication
• Consumer Electronics
• Automotive & Transportation
• IT & Telecommunications
• Medical
• Others

Automated Test Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automated Test Equipment Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automated test equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automated test equipment companies profiled in this report include-

• Advantest
• Teradyne
• National Instruments
• Chroma
• Astronics
• Roos Instruments
• Marvin Test Solutions

Automated Test Equipment Market Insights

Lucintel forecasts that handler is expected to witness highest growth over the forecast period due to its ability to test complex ics with high fault coverage at a low cost and improves the quality of the tests.

APAC is expected to witness highest growth over the forecast period due to rapid growth of the semiconductor industry in the region.

Features of the Global Automated Test Equipment Market

Market Size Estimates: Automated test equipment market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Automated test equipment market size by component, type, end use, and region in terms of value ($B).

Regional Analysis: Automated test equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, types, end uses, and regions for the automated test equipment market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automated test equipment market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the automated test equipment market size?

Answer: The global automated test equipment market is expected to reach an estimated $9.0 billion by 2030.

Q.2 What is the growth forecast for automated test equipment market?

Answer: The global automated test equipment market is expected to grow with a CAGR of 3.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the automated test equipment market?

Answer: The major drivers for this market are growing demand for high-quality electronic products, rising preference for e-vehicles, and emergence of 5G and IoT enabled technologies.

Q4. What are the major segments for automated test equipment market?

Answer: The future of the automated test equipment market looks promising with opportunities in the semiconductor fabrication, consumer electronic, automotive & transportation, aerospace & defense, and medical sectors.

Q5. Who are the key automated test equipment market companies?

Answer: Some of the key automated test equipment companies are as follows:

• Advantest
• Teradyne
• National Instruments
• Chroma
• Astronics
• Roos Instruments
• Marvin Test Solutions

Q6. Which automated test equipment market segment will be the largest in future?

Answer: Lucintel forecasts that handler is expected to witness highest growth over the forecast period due to its ability to test complex ics with high fault coverage at a low cost and improves the quality of the tests.

Q7. In automated test equipment market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid growth of the semiconductor industry in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the automated test equipment market by component (industrial PCs, handlers/probers, mass interconnects, and others), type (integrated circuit testing, printed circuit board testing, hard disk drive testing, and modules), end use (semiconductor fabrication, consumer electronics, automotive & transportation, aerospace & defense, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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