A Look into Automated Test Equipment Industry……Deep Analysis…..
The global automated
test equipment market size is
estimated to reach USD 8.68 billion by
2027, expanding at a CAGR of 3.4% over the forecast period, according to a
new study conducted by Grand View Research, Inc. Increasing adoption of System
on Chip (SoC) coupled with high demand for consumer electronics is anticipated
to drive the growth. Growing electronic content in automotive sector and
penetration of smartphones is expected to drive the market. Furthermore, the
demand for Automated Test Equipment (ATE) in manufacturing industry as the test
equipment save the manufacturing cost and helps in eliminating the defective
devices is projected to continue fueling the market.
The global electronics devices market
(including consumer electronics and industrial electronics devices) is expected
to be impacted significantly by COVID-19 as China is one of the major suppliers
for the raw materials (used to manufacture devices) as well as the finished
products. The industry is on the brink of facing a reduction in production,
disruption in supply, and price fluctuations. While this can vastly encourage
local manufacturers to step up and address the growing demand, the scarcity of
raw material can still pose a challenge to this industry. The sales of
prominent electronic companies is expected to be affected in the near future.
The report will account for Covid19 as a key market contributor.
Miniaturization has spurred demand
across various semiconductor manufacturing companies. Additionally,
considerable technological advancements coupled with design complexity and the
need for adequate testing is expected to positively impact the growth.
Developments in semiconductor manufacturing processes along iwht expansion of
wireless networks in developing nations is expected to provide significant
growth opportunities for the global market.
The growth of ATE market is primarily
driven by semiconductor manufacturing companies which focus on cost-effective
testing. Semiconductor manufacturing companies no longer consider fabrication
costs as a factor for profit margin in semiconductor chip manufacturing.
Semiconductor companies focus on improving their fabrication technology and
look for efficient ways of testing to reduce losses due to damages.
Advancements in smartphones, tablets, and SoC-based products is creating demand
for greater functionality in ATE. As connected devices get smaller, more
powerful, and multifaceted; they face design, application, and fabrication
challenges, increasing the product demand.
Increasing design complexities along
with major technological inventions such as advanced Design for Test (DFT) and
adaptive testing are some of the key factors driving the automatic test
equipment market. Moreover, recent innovations in Internet of Things (IoT)
devices, autonomous vehicles, along with significant changes in the defense and
aerospace sectors have significantly transformed the market dynamics.
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Non-memory automated test equipment
product segment is expected to hold significant market share over the forecast
period owing to the increasing number of microcontroller-based applications and
demand of the automotive sector. Revenue from IT and telecommunications sector
is projected to witness significant growth in the forthcoming years. Asia
Pacific accounted for the largest market share in 2020 and is expected to
register the fastest growth over the forecast period, owing to the rising
number of semiconductor industries in the region. Key market players include
Aemulus Holdings Bhd (“Aemulus”); Chroma ATE Inc.; and Teradyne Inc.
Further key findings from the report suggest:
·
The growth of automated test
equipment market is driven by the significant use of the test equipment in
automotive and semiconductor industry
·
In the product segment,
Non-memory ATE held the largest market share in 2020 and is estimated to witness
the second fastest growth over the forecast period owing to the expansion of
consumer electronics, growing number of microcontroller-based application, and
other such factors
·
In the vertical segment, IT and
telecommunication is estimated to continue holding the largest market share in
the forthcoming years, owing to the increased focus on effective communication
·
The automotive segment is
expected to witness considerable growth over the forecast period owing to the
increasing integration of the electronic devices in the automobile industry
·
North America is estimated to
witness substantial growth over the forecast period owing to the high
investment in aerospace and defense couple with technological innovations
·
Key market players include
Aemulus Holdings Bhd (“Aemulus”); Chroma ATE Inc.; Aeroflex Inc. (a subsidiary
of Cobham plc); Astronics Corporation; Advantest Corporation; LTX-Credence
Corporation (Xcerra Corporation); Teradyne Inc.; STAr Technologies Inc. (a
subsidiary of Innotech Corporation); Tesec Corporation; Roos Instruments, Inc.;
Marvin Test Solutions Inc.; and Danaher Corporation. Teradyne Inc.;
LTX-Credence Corporation (Xcerra Corporation); and Advantest Corporation
dominated majority of global market share
The global automated test equipment market
size was valued at USD 6.61 billion in 2020 and is expected to witness a
significant growth over the forecast period. The growth is driven by the use of
Automated Test Equipment (ATE) in the automotive and semiconductor industry.
Significant increase in the number of connected devices and consumer
electronics along with increasing focus of the companies on quality improvement
along with end-to-end testing solutions is expected to further drive the
market. Implementation of ATE in semiconductor manufacturing companies to
enhance the performance capability, speed of operation and in turn, reduce the
cost of semiconductor devices is expected to positively influence the growth.
Increasing
adoption of System on Chip (SoC) and high demand for consumer electronics is
expected to be the key driving force for the ATE market over the forecast
period. Growing electronic components in the automotive sector and penetration
of smartphones are expected to drive the market. Miniaturization has widened
the scope of ATE application. Additionally, considerable technological
advancements coupled with design complexity and the need for effective testing
is expected to fuel the market.
Advancements
in semiconductor manufacturing processes along with expansion of wireless networks
in developing nations are expected to significantly drive the automatic test
equipment market growth in the forthcoming years. Additionally, considerable
technological advancements coupled with design complexity and need for
effective testing, are the factors expected to benefit the market expansion.
Browse Press
Release of this report:
Grand View Research has segmented the
global automated test equipment market based on product, vertical:
Automated Test Equipment Product Outlook (Revenue, USD
Million, 2016 - 2027)
·
Non-Memory ATE
·
Memory ATE
·
Discrete ATE
Automated Test Equipment Vertical Outlook (Revenue, USD
Million, 2016 - 2027)
·
Automotive
·
Consumer
·
Aerospace & Defense
·
IT & Telecommunications
·
Others
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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