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Premium Report Details
Base Year: 2023
Companies covered: 21
Tables & Figures: 300
Countries covered: 25
Pages: 250
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Automated Test Equipment Market
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Automated Test Equipment Market Size
The automated test equipment market was valued at USD 9.6 billion in 2023 and is expected to grow at a CAGR of 9.8% between 2024 and 2032. 5G adoption has been steadily growing globally and is a major driving factor of the automated test equipment market. ATE supports the component and band testing of the 5G infrastructure, thus creating demand for this equipment with its expansion.
As per Ericsson, globally, the total number 5G subscribers in 2022 were reported to 999.7 million, which grew to 1,581 million in 2023. Also, governments across are actively investing to increase the 5G coverage in countries such as India, Vietnam, Great China, and Canada. This growing investment in 5G is expected to drive the demand for this testing equipment to ensure quick and good signal quality across various regions.
In-vehicle infotainment, advanced driving systems, and ADAS have become a new trend and necessity in modern vehicles. To ensure that these systems work efficiently, the automotive manufacturers are adopting automated testing equipment for testing the safety and smooth functioning of these systems. ADAS uses various sensors, Radar, and cameras for their effective performance. ATE helps in ensuring the safety and functionality of these systems to ensure they operate accurately when needed. The ADAS market was valued at USD 38.1 billion and is estimated to grow at a CAGR of 17% during the forecast year 2024-2032.
Additionally, the ATE systems are being used to test electric and autonomous vehicles. In EVs, it is necessary for the automotive manufacturers to check that the battery systems operate on correct temperature and voltage. Automated test equipment helps ensure that the battery management system requirements are met as per the set standards, ensuring safety and smooth operations.
Automated Test Equipment Market Trends
Automated Test Equipment Market Analysis
Based on ATE, the automated test equipment market is segmented as memory ATE, non-memory ATE, discrete ATE, and others. In 2023, non-memory segment held a substantial share and was valued at USD 3.8 billion and is expected to grow at a CAGR of 10% during the forecast period.
Based on end use industry, the automated test equipment market is segmented into aerospace & defense, consumer electronics, IT & telecommunications, automotive, and others. The consumer electronics segment accounted for over 36% of the market share in 2023 and is expected to grow at a rate of 9.9% till 2032.
Based on product, the automated test equipment market is segmented as functional testers, in-circuit testers, mixed-signal testers, radio frequency testers, optical testers, and others. The functional tester segment is expected to hold a major share.
Automated Test Equipment Market Share
Automated Test Equipment Market Companies
Major players operating in the automated test equipment industry are:
The companies operating in the automated test equipment market are actively investing in R&D activities to improve their products. To cater to a wider range of sectors, these companies understand the needs and accordingly developing their products to suit changing requirements. Such as with the rise of EV and semiconductor industry, the test equipment companies are now shifting their focus on manufacturing products that meet their specific requirements.
Advantest introduced new product in the market, named Known Good Die Test Cell in December 2024. These test cells aim to maximize the die level test yields for wide-bandgap devices. These devices are majorly being used to manufacture power semiconductors, which are in turn integrated into EVs and energy infrastructure.
In addition to research and product launches, the companies are adopting the partnership and acquisition processes to help increase their market share in different regions and also improve their product offerings by utilizing the strengths of their partner companies.
Automated Test Equipment Industry News
The automated test equipment market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) from 2021 to 2034, for the following segments:
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Market, By ATE
Market, By Product
Market, By Application
Market, By End-use Industry
The above information is provided for the following regions: