The global automated test equipment market was valued at US$ 3,826.7 million in 2017 and is expected to grow at a 3.7% CAGR from 2018 to 2026. The technical complexity of electronic device testing ranges widely, from the most basic (manual testing) to the most sophisticated large-scale automatic testing. In the case of manual testing, the requisite testing infrastructure varies with the device type to be tested. On the other hand, automated testing equipment offers tremendous flexibility, allowing multiple devices to be tested without requiring any changes to be made to the test hardware. In addition to the versatility offered, automated testing equipment enables electronic testing of great complexity, although at a price.
North America leads; Asia Pacific is poised to register superior growth during the forecast period.
In 2017, North America led the global market for automated test equipment, closely followed by Asia Pacific and Europe respectively. The value contribution of North America to the global automated testing equipment market stood at over 32% in the same year. The dominance is largely credited to the regulated demand from the huge defense and aerospace industries in the region. On the other hand, Asia Pacific is poised to register superior growth, surpassing North America to become the largest automated test equipment market worldwide. Steady growth in industrial automation, automotive production, and the burgeoning consumer electronics industry will drive demand for automated test equipment across industry verticals during the forecast period from 2018 to 2026.
Growth in the Consumer Electronics Industry to Complement Market Growth
In 2017, semiconductors and electronics represented the most attractive vertical in the global automated testing equipment market. Growing pressure on semiconductor and electronics manufacturers to attain economies of scale, deliver quality products, and meet the ever-rising consumption demand has led to increased industrial automation. This, in turn, has had a positive impact on the overall demand for automated testing solutions for inspection and quality control. Thus, mounting pressure to achieve quality standards and limit errors that occur in manual testing will favor market demand across almost all end-use segments during the forecast period from 2018 to 2026.
Key Players:
Some of the leading manufacturers profiled in the research study include Virginia Panel Corporation, Xcerra Corporation, Mac Panel Company, National Instruments, Spea S.P.A., Star Technologies, Advantest Corporation, Roos Instruments, Inc., Aeroflex, Inc., Astronics Corporation, and Chroma Ate, Inc., among others.
Periods of History and Forecast
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2016 to 2026, considering 2017 as the base year for the research. The CAGR (compound annual growth rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.
Key questions are answered in this report.
In 2016 and 2017, how big was the global market for automated test equipment?
What are the estimated forecasts and market projections from 2018 up to 2026?
Which is the largest regional market for automated test equipment?
Which product variant contributes the largest revenue worldwide?
Which end-use segment (industry vertical) has the highest penetration of automated test equipment worldwide?
Predominant trends shaping the global market for automated test equipment
Who are the leading manufacturers in the global automated test equipment market worldwide?
What are the key strategies adopted by the leading manufacturers in the global market for automated test equipment?
Frequently Asked Questions:
The market for Automated Test Equipment Market is expected to reach US$ 3,826.7 Mn in 2026.
The Automated Test Equipment Market is expected to see significant CAGR growth over the coming years, at 3.7%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
Xcerra Corporation, Mac Panel Company, National Instruments, Spea S.P.A., Star Technologies, Advantest Corporation, Roos Instruments, Inc., Aeroflex, Inc., Astronics Corporation are some of the major players in the global market.
