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Automated Test Equipment Market Trends

Report ID: GMI146
Published Date: Sep 2024
Report Format: PDF

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Automated Test Equipment Market Trends

The shift towards integrated and multi-functional testing solutions is gaining momentum. Increasingly, systems are designed to handle diverse semiconductor types and applications within a single platform. This evolution enhances flexibility, reduces costs, and improves efficiency, catering to the growing demand for versatile and high-performance test equipment in various electronic and semiconductor sectors.

For instance, in February 2024, Antithesis, a Virginia-based startup, successfully secured USD 47 million in seed funding to introduce a groundbreaking automated testing platform designed to improve software reliability.

Moreover, AI and machine learning are increasingly being adopted in testing processes. These technologies are being integrated into test systems to enhance predictive analytics, automate fault detection, and optimize testing procedures. Leveraging AI allows test systems to analyze vast data sets more effectively, identify potential issues proactively, and adapt testing parameters in real-time. This approach boosts accuracy and reliability while significantly shortening the time-to-market for new semiconductor products.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automated test equipment reached USD 9.6 billion in 2023 and is set to register 10% CAGR between 2024 and 2032, due to the advancements in semiconductor technology and increasing demand for high-performance electronics.

The non-memory segment held over 39% revenue share in 2023, driven by rising usage in industries such as telecommunications, automotive, and consumer electronics and advancements in logic and mixed-signal semiconductor devices.

Asia Pacific market accounted for 41% revenue share in 2023, owing to the rapid surge in semiconductor manufacturing and increasing investments in cutting-edge testing equipment and automation.

Advantest Corporation, Teradyne, Inc., National Instruments, Chroma ATE Inc., Keysight Technologies, Anritsu Corporation, and Marvin Test Solutions, Inc.