What Has Been the Historical and Current Performance of the Automated Test Equipment Market?
The Automated Test Equipment Market has been on a notable growth trajectory in the recent years. To illustrate:
• The market size grew from $7.21 billion in 2024 to $7.59 billion in 2025, recording a considerable CAGR of 5.4%.
Driving this upward trend are factors including quality assurance and cost efficiency, globalization of electronics manufacturing, demand for higher production throughput, focus on time-to-market, and the necessity of real-time monitoring and feedback.
What is the Projected Market Size and Growth Rate of the Automated Test Equipment Market?
Impressive growth is expected for the automated test equipment market in the coming years, based on current forecasts:
• The market size is projected to expand to $10.85 billion in 2029 at a significant CAGR of 9.3%.
The key factors propelling this growth include the focus on test cost reduction, energy-efficient electronics, the rise of automotive electronics, developments in test data analytics, and advancements in in-circuit testing. Major trending influencers include automotive electronics testing, high-density interconnect (HDI) testing, flexible and scalable ATE solutions, an increased emphasis on cybersecurity testing, and the rise in IoT device testing.
What are the Primary Factors Driving the Automated Test Equipment Market Growth?
The escalating demand for consumer electronics is substantially contributing to the enlargement of the automated test equipment market. Consumer electronics include home equipment, gadgets, or digital devices intended for regular home usage. Automated test equipment plays a vital role in testing and evaluating the quality of these devices, thereby driving the market's growth. For instance, according to the India Brand Equity Foundation, the consumer electronics industry is expected to reach $21.18 billion by 2025.
How is the Automated Test Equipment Market Segmented?
The automated test equipment market is broken down as follows:
1) By Product Type: Memory IC Test System, Linear And Discrete Test System, System-on-Chip (SoC) Test System, Other Products
2) By Component: Industrial PC, Mass Interconnect, Handler, Prober, Other Components
3) By Technology: WCDMA and RF Technology Based Testing, LTE Technology Based Testing, Optical Inspection Technology Testing, Machine Vision Technology Testing, X-Ray Inspection Technology, Other Technologies
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Which Market Trends Are Shaping the Automated Test Equipment Industry?
Strategic alliances are a trending development in the automated test equipment market. Notably, in July 2023, ProteanTecs Ltd., an Israel-based software company, announced a strategic collaboration with Teradyne, Inc., aiming to improve semiconductor testing and debugging procedures for sophisticated system-on-chips (SoCs). This partnership offers customers an enhanced visibility and real-time decision-making potential by linking proteanTecs' on-chip agent data and analytics software with Teradyne's test programs.
Who are the Major Players in the Automated Test Equipment Market?
Significant players contributing to the growth and innovation of the automated test equipment market include:
• Aemulus Holdings
• Chroma ATE Inc.
• Astronics Corporation
• Advantest Corporation
• SPEA S. p. A.
• Teradyne Inc.
• STAr Technologies Inc.
• Roos Instruments Inc.
• National Instruments Corporation
• Agilent Technologies Inc.
• Anritsu Company
• Rohde & Schwarz GmbH & Co KG
• Xcerra Corporation
• TRICOR Systems Inc.
• Advint LLC
• Solvay S. A.
• Aeroflex Inc.
• Marvin Test Solutions Inc.
• Shinbashi Inc.
• OMRON Corporation
• Yokogawa Electric Corporation
• Teledyne Technologies Incorporated
• Cobham plc
• Averna Technologies Inc.
• Test Research Inc.
• TestEquity LLC
• Testforce Systems
• Testek Inc.
• TestWorld Inc.
What's the Regional Outlook for the Automated Test Equipment Market?
In 2024, North America was the largest region in the automated test equipment market. Meanwhile, Asia-Pacific is expected to emerge as the fastest-growing region during the forecast period. The edges of this market stretch across regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
