Automated Test Equipment Market 2023 Recent Trends, In-depth Analysis, Opportunities, Landscape and Forecast to 2027
The Quantum Dots Market Size is projected to increase from USD 4.0 billion in 2021 to USD 8.6 billion in 2026, with a CAGR of 16.2%.
The Automated Test Equipment Market Size is expected to reach USD 8.8 billion by 2027, at a CAGR of 4.7 % during forecast period.
The growth of the Market has increased on account of their rising demand in the consumer electronics industry and the reduction in manufacturing time achieved with the use of automated test equipment. Government initiatives to boost the semiconductors industry, would present growth opportunities for the market during the forecast period.
Use of Automated Test Equipment reduces manufacturing time and cost
Manual testing involves a human operation on a computer wherein a careful execution of each test step is carried out. In automated test equipment, the testing process includes the use of an automation tool to execute the test case suite.
It also includes automation software that can enter test data into the DUT and compare the expected results with the actual results, thereby generating detailed test reports. automated test equipment enables testing on semiconductor devices such as the Printed Circuit Boards (PCBs) to be carried out very swiftly and at a much faster rate. Since the time of production is considered a major element of the overall production cost of an item of any electronic equipment, it is extremely important to reduce the production time as much as possible. This can be achieved easily with the use of an automated test equipment market.
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Advancement in automotive sector
Semiconductor devices find ample applications in the automotive environment. There is an increase in the consumption of semiconductors in the automotive industry.
Most automobile vehicles nowadays use advanced driving assistant systems (ADAS), which provide features like adaptive cruise control, automatic brakes, and blind-spot monitoring, among others. Automotive applications such as advanced and sophisticated structures of cars, hybrid electric vehicles, and rail tractions have a bright future. According to the US International Trade Commission (USITC) report published in May 2019, the semiconductor components value in hybrid electric vehicles (HEV) has increased from USD 1,000 to USD 3,500.
Printed Circuit Board Testing to witness the highest CAGR during the forecast period.
A printed circuit board (PCB) is a basic component of any electronic circuit. The growing use of surface-mount components combined with multiple layers has increased the complexity of PCBs. As the applications of PCBs are endless, the common requirement that all PCBs are expected to meet is to function correctly according to the project specifications. As the semiconductor fabrication technology is advancing, electronic circuits now include hundreds of components with multiple welds and interconnects. With increase in complexity, demand for PCB is also increasing and expected to grow with the highest CAGR during the forecast period.
Industrial PCs is expected to have the largest market size during the forecast period
Industrial PCs have dominated this market. An industrial PC in an ATE system acts as a controller. Industrial PCs are designed in such a way that they can be used in a rugged industrial environment. These PCs are installed in a rugged rack mounting enclosure, thereby reducing the required wiring. They are used to control machinery and other controllable electrical systems and, therefore, possess high resistance to vibration, noise, temperature, and dust.
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China to grow with the highest CAGR in APAC region during the forecast period
China to grow with highest CAGR in APAC region. It is considered the global manufacturing hub for various industries, such as electronics, semiconductors, and automotive. It is one of the fastest-growing economies in the world. China, during the pandemic, has also developed and designed a range of medical devices during critical times. This allowed it to prove its credibility to ensure production in tough times and meet the global demand. Additionally, the country is also the world's fastest-growing consumer market that directly competes with the US and a few countries in Western Europe. This will lead to the increased demand for ATE for the design and development and testing of consumer appliances and other peripheral electronics in the country.
The report profiles key players in the automated test equipment market and analyzes their market shares. Players profiled in this report are Advantest Corporation (Japan), Teradyne (US), National Instruments (US), Chroma ATE (Taiwan), Astronics Corporation (US), STAr Technologies (Taiwan), Roos Instruments (US), Marvin Test Solutions (US), Cohu (US), and OMRON Corporation (Japan), TESEC Corporation(Japan), Danaher(US), ESPEC North America(US), JTAG Technologies(Netherlands), Vaunix(US), JFW Industries(US), Aemulus(Malaysia), Festo(Germany), Nikon Metrology(Belgium), Carl Zeiss AG (Germany), Viscom AG(Germany), Keysight Technologies(US), Artiflex Engineering(South Africa), Vitrox Corporation(Malaysia), Saki Corporation(Japan), Test Research Inc. (TRI)(Taiwan), ShenZhen J-wide Electronics Equipment Co., Ltd.(China), CHINO(US).
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