Syndicated Research Studies

Automated Test Equipment Market Growth & Trends The global automated test equipment market size is expected to reach USD 9,443.4 million by 2030, registering a CAGR of 3.1% during the forecast period, according to a new report by Grand View Research, Inc. Increasing adoption of System on Chip (SoC) coupled with high demand for consumer electronics is anticipated to drive the growth. Growing electronic content in automotive sector and penetration of smartphones is expected to drive the market. Furthermore, the demand for Automated Test Equipment (ATE) in manufacturing industry as the test equipment save the manufacturing cost and helps in eliminating the defective devices is projected to continue fueling the market. Miniaturization has spurred demand across various semiconductor manufacturing companies. Additionally, considerable technological advancements coupled with design complexity and the need for adequate testing is expected to positively impact the growth. Develop...

Automated Test Equipment Industry Overview The global automated test equipment market size was valued at USD 6.87 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.3% from 2021 to 2028. The growth is driven by the use of Automated Test Equipment (ATE) in the automotive and semiconductor industry. Significant increase in the number of connected devices and consumer electronics along with an increasing focus of the companies on quality improvement along with end-to-end testing solutions is expected to further drive the market. Implementation of ATE in semiconductor manufacturing companies to enhance the performance capability, speed of operation, and in turn, reduce the cost of semiconductor devices is expected to positively influence the growth. Increasing adoption of System on Chip (SoC) and high demand for consumer electronics is expected to be the key driving force for the ATE market over the forecast period. Growing electronic components in th...