Global Automated Test Equipment (ATE) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automated Test Equipment (ATE) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Automated test equipment (ATE) is a computer-controlled test and measurement equipment that allows for testing with minimal human interaction. The tested devices are referred to as a device under test (DUT). The advantages of this kind of testing include reducing testing time, repeatability, and cost efficiency in high volume. The chief disadvantages are the upfront costs for programming and setup. ATE can include testing for electronics, hardware, software, semiconductors, or avionics.

Market Overview:

The latest research study on the global Automated Test Equipment (ATE) market finds that the global Automated Test Equipment (ATE) market reached a value of USD 5505.49 million in 2022. It’s expected that the market will achieve USD 7407.45 million by 2028, exhibiting a CAGR of 5.07% during the forecast period.

Strength

Growth of downstream industries
Automated test equipment is widely used in the semiconductor industry chain and the demand is trending upward.
Benefits of ATE systems
Automated test equipment can effectively solve the problems of rising labor costs and low manual test screening rates. For electronic product manufacturers, product testing is the main means to ensure product quality, with many types of automated testing, high testing accuracy requirements, limited speed of traditional manual testing, and problems such as subjective/objective factor interference.

Weakness

Technology upgrade risks
Due to the rapid technological development of electronic products, the replacement cycle of electronic products is relatively fast, the characteristics of the industry. If manufacturers cannot continue to invest in research and development, to maintain the industry position, to keep up with the changes in product replacement, future development is likely to have business risks due to outdated technology and products.
High R&D costs and constant demand for expertise

Opportunities

Continuous product innovation and technology updates
Emerging markets
Mergers and Acquisitions
Mergers and Acquisitions is usually based on the consideration of expanding market share and seizing the market leader position, and is a point radiation with industry as the core. M&A in the ATE system industry can be divided into five main categories: first, to follow the technical requirements of the downstream process nodes, capturing the needs of the industry's cutting-edge equipment and technology; second, to enrich the product line and achieve synergies through management and customer complementarity; third, as a means of competition to directly squeeze out competitors and obtain the corresponding market share; fourth, to extend the product category to expand market space and improve the enterprise's high speed and efficiency. The possibility of growth; the fifth is the vertical layout of the upstream of the industry, the formation of industry chain synergy and thus enhance the added value.

Threat

Trade policy risk
Continued trade tensions between the U.S. and China may adversely affect ATE's business and operating results. As new tariffs, regulations and/or statutes are implemented, or existing trade agreements are renegotiated, or retaliatory trade actions are taken by China or other affected countries, such changes could have a material adverse effect on a business's business, financial condition, results of operations or cash flows.
Industry cyclical fluctuations risks
The inherent cyclical fluctuations in the industry may still have a cyclical impact on ATE's development as the economy becomes more globalized.

Region Overview:

Asia-Pacific had the highest growth rate of all regions.

Company Overview:

Advantest is one of the major players operating in the Automated Test Equipment (ATE) market, holding a share of 37.61% in 2020.

Advantest is the leading manufacturer of automatic test and measurement equipment used in the design and production of semiconductors for applications including 5G communications, the Internet of Things (IoT), autonomous vehicles, artificial intelligence (AI), machine learning, smart medical devices and more. Its leading-edge systems and products are integrated into the most advanced semiconductor production lines in the world. The company also conducts R&D to address emerging testing challenges and applications, produces multi-vision metrology scanning electron microscopes essential to photomask manufacturing, and offers groundbreaking 3D imaging and analysis tools.

Teradyne Inc engages in the development and sale of self automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, and Wireless Test. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.

Segmentation Overview:

By type, Tester segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Consumer Electronics segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Automated Test Equipment (ATE) market covered in Chapter 3:

Cohu
Teradyne
Beijing Huafeng Test & Control Technology
Roos Instruments
Hangzhou Changchuan Technology
Advantest
Chroma ATE Inc.
PowerTECH
Aemulus Holdings Berhad
Tesec Corporation
STAr Technologies
Astronics Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Automated Test Equipment (ATE) market from 2018 to 2029 is primarily split into:

Tester
Wafer Prober
Memory Test Handler
Logic Device Test Handler
SLT

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automated Test Equipment (ATE) market from 2018 to 2029 covers:

Consumer Electronics
Automotive
Aerospace & Defense
Medical

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)