Visiongain Publishes Automated Test Equipment (ATE) Market Report to 2031
13 May 2021
Visiongain has published a new report on Automated Test Equipment (ATE) Market Report to 2031: Forecasts by product (Non-memory ATE, Memory ATE, Discrete ATE), by industry vertical (Automotive, Consumer Electronics, Aerospace & Defense, IT & Telecommunications, Others). PLUS Profiles of Leading Automated Test Equipment Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Automated test equipment market was valued at US$ xx billion in 2020 and is projected to reach at a market value of US$ xx billion by 2031. Automated test equipment (ATE) is a device used to find defects by performing tests in equipment under test, device under test, unit under test. In addition, it uses automation to quickly perform measurements & evaluate the test results and helps to ensure the quality of devices. Moreover, the implementation of ATE plays a vital role in diagnosing & testing faults in integrated circuits, chips, semiconductor wafers, printed circuit boards, and other others.
Increased focus towards quality improvement along with end-to-end testing solutions and surge in adoption of System on Chip (SoC) is expected to boost the market growth. Moreover, high demand for consumer electronics is expected accelerate the demand for ATE device in the market. On the contrary, rising technological advancements and deployment of ATE in semiconductor manufacturing companies are some of the major factors expected to create an immense opportunities to the market.
COVID-19 Impact on Automated Test Equipment Market
With becoming large scale implementation in across numerous industries, automated test equipment market has severely impacted due to COVID-19 outbreak. As government & regulators have declared lockdowns & maintaining physical distancing, implementation & usage of ATE devices has declined due to industry shutdowns. However, the market is expected to regain its revenue in the upcoming years.
Increased focus towards quality improvement along with end-to-end testing solutions
Growing consumer demand for consumer electronics and significant increase in the number of connected devices across various sectors are becoming major factors propelling the need for maintaining network security. Therefore, due to these rising production units of devices, manufactures and other companies in the market are focus towards quality improvement along with end-to-end testing solutions and is expected to maintain its dominance during forecast period.
Surge in adoption of System on Chip (SoC)
SoCs which enables high-speed data transmission & data processing solutions. In addition, it enhances comprehensive testing of electronic devices which therefore increases the demand for System on Chip (SoC) and as a result, propels the market growth.
Rising technological advancements
Increased penetration of IoT devices and connected devices, which provides advance solutions, accelerates the performance capabilities & reduce the cost of for research & development process. These factors is expected to positively influence the growth of automated test equipment and becoming major opportunities to implemented these technologies in the upcoming years.
Deployment of ATE in semiconductor manufacturing companies
Automated testing equipment are largely used in semiconductor industry and is expected to maintain its dominance during the forecast period. Deployment of ATE among semiconductor is continuing to rise as it helps in reducing manufacturing costs & improves yield and reduces the amount of test time needed to verify a particular device. This increasing demand for ATE in semiconductor is expected to boost the market growth.
Some of the companies profiled in the report include Advantest Corporation, Agilent Technologies Inc., Chroma ATE Inc., Cobham Plc, Exicon co., Ltd., LTX-Credence Corporation , Marvin Test Solution Inc., National Instrument Corporation, Roos Instrument Inc., and Teradyne Inc.
In December 2020, Advantest Corporation, which is a leading manufacturer of automatic test equipment partnered with multinational electronics & semiconductor manufacturer, STMicroelectronics. This partnership aimed at developing fully-automated final-test cell system. Moreover, the system is designed to improve the overall equipment efficiency & quality in semiconductor test and packaging.
In January 2019, Lemsys SA, which is a global pioneer providing automated test equipment was acquired by a developer & supplier of automatic test equipment, Teradyne. In addition, the acquisition helped in broadening the test solutions provided to customers.
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