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Automated Test Equipment Market

Automated Test Equipment Market by Type, Application, End Use Industry & Region - Forecast 2022-2032

Market Insights on Automated Test Equipment covering sales outlook, demand forecast & up-to-date key trends

Automated Test Equipment Market

The global automated test equipment market is estimated to reach US$ 9 Bn by the end of 2032. The demand for automated test equipments in the market is expected to exceed US$ 6 Bn by 2022, expanding at a CAGR of nearly 5% to 6% during the forecast period 2022-2032. Growing emphasis on the incorporation of innovative technologies such as artificial intelligence (AI) and subsystem operation and checkout systems (SOCs) in computing applications is projected to bolster the sales of automated test equipment in the global market.

Report Attribute

Details

Automated Test Equipment Market Value (2021)

US$ 5.6 Billion

Automated Test Equipment Market Value (2022)

US$ 6 Billion

Automated Test Equipment Market Anticipated Value (2032)

US$ 9 Billion

Automated Test Equipment Market Projected Growth Rate (2022-2032)

5% to 6% CAGR

Automated test equipments are computer controlled device that are used for testing electronic devices to inspect the performance and functionality. These devices conducts tests to measure and estimate devices under test (DUT) by using control systems.

Which are Some Prominent Drivers Spearheading Automated Test Equipment Market Growth

Various types of automated test equipments available in the market for applications ranging from large fully programmable machines testers to PC-driven fixed-purpose testers. Automated test equipments are gaining huge popularity across diverse industries owing to its ability to save manufacturing cost of the devices, maintain product quality, and prevents the manufacturing of faulty devices. Attributed to these factors, these devices are finding a wide range of applications in automotive, healthcare, electronics, aerospace & defense, and information & communication technology (ICT) industries among others. This is estimated to bolster the demand for automated test equipments in the global market.

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What are the Challenges Faced by the Automated Test Equipment Market

Extravagant initial cost and high cost of maintenance of automated test equipments such as system-on-chip test systems and linear & discrete test systems are hindering the sales in the global market. Also, increasing small and medium-size enterprises inclination towards the adoption of low-cost manual test equipment is hampering the demand for automated test equipments in the market.

Why is North America Emerging as an Opportunistic Automated Test Equipment Market

Future Market Insights states that North America is anticipated to account for the lion’s share in the global automated test equipments market during the forecast period 2022-2032.

Over the past couple of years, a substantial rise in sales of electric vehicles is being witnessed across North America, on account of growing fuel prices and rising environmental concerns. For instance, according to a study by International Energy Agency, the sales of electric vehicles to more than double to 700,000 across the U.S. by the end of 2021. As automated test equipments play a crucial role in testing wireless communication, electronic component, and radars used in these vehicles, accelerating sales of electric vehicles is projected to favor the growth in the North America market.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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How is Europe Contributing to the Growth of the Automated Test Equipment Market

As per Future Market Insights, Europe is expected to exhibit rapid growth in the global automated test equipments market between 2022 and 2032.

Demand for automated test equipments is increasing at a rapid pace, owing to growing adoption for testing various electronic components such as printed circuit boards across the automotive industry. Hence, leading companies are emphasizing on launching novel products to cater to this surging demand.

For instance, in 2020, Hprobe, a French manufacturer of testing equipment announced introducing the first industry automated testing equipment dedicated to 3D magnetic sensors which can be used for both industrial and automotive applications. Such new products launches are estimated to drive the sales in the Europe market.

Market Competition

Some of the leading players in the automated test equipment market are MAC Panel Company, Roos Instruments, Inc., Autotest Company, SLN Technologies Pvt Ltd, Cove Industries, Amfax Limited, PEAK GROUP, Red Earth Systems, Qmax Groups, and others.

Key players are emphasizing on research and development (R&D) activities to introduce novel equipments for enhancing their product portfolio to gain edge in the highly competitive market.

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Scope of Report

Report Attribute

Details

Growth Rate

CAGR of 5% to 6% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Type
  • Application
  • End Use Industry
  • Region

Countries Covered

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • APEJ
  • Japan
  • Middle East and Africa

Key Companies Profiled

  • MAC Panel Company
  • Roos Instruments, Inc.
  • Autotest Company
  • SLN Technologies Pvt Ltd
  • Cove Industries
  • Amfax Limited
  • PEAK GROUP
  • Red Earth Systems
  • Qmax Groups
  • Others

Customization

Available Upon Request

Key Segments Profiled in the Automated Test Equipment Market Survey

By Type:

  • Memory Integrated Circuit (IC) Test System
  • Linear & Discrete Test System
  • System-on-Chip (SoC) Test System

By Application:

  • Wireless Communication
  • Radar
  • Electronic Component Manufacturing
  • Others

By End Use Industry:

  • Automotive
  • Healthcare
  • Electronics
  • Aerospace & Defense
  • Information & Communication Technology (ICT)
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the sales of automated test equipments in the market is expected to rise at 5% to 6% value CAGR by 2032

The global automated test equipment market is expected to be dominated by North America over the forecast period 2022-2032.

MAC Panel Company, Roos Instruments, Inc., Autotest Company, SLN Technologies Pvt Ltd, Cove Industries, Amfax Limited, PEAK GROUP, Red Earth Systems, Qmax Groups, and others are some of the leading players in the prominent automated test equipment market.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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