Automated Test Equipment Market Demand, Key Players, Overview and Analysis 2027

With a projected CAGR of 4.7%, the Automated Test Equipment Market is expected to increase from USD 7.0 billion in 2022 to USD 8.8 billion in 2027.

By 2027, the Automated Test Equipment Market is anticipated to rise from USD 7.0 billion in 2022 to USD 8.8 billion, expanding at a CAGR of 4.7%. The automated test equipment market is predicted to increase because it offers tremendous opportunities in the automotive industry and decreases manufacturing time and costs.

To increase their market share, the major competitors in the automated test equipment market have mostly used acquisition and partnership methods.

Chroma ATE bought all of the Environmental Stress Systems, Inc. shares in January 2022. (ESS). Thermal forcing systems with a temperature range of 104 to 175 degrees Celsius are the major output of ESS. Chroma ATE will be able to use this technology to suit the testing needs of the wafer market and expand its expertise in temperature management in semiconductor test equipment.

To provide bidirectional power supplies that support battery cycling and power-level testing for electric vehicles (EVs), National Instruments announced its partnership with EA Elektro-Automatik (EA) GmbH Co. KG, Germany's top producer of laboratory power supplies, high-performance power supplies, and electronic loads, in September 2021.

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Advantest Corporation (Japan), Teradyne (US), are major players in automated test equipment market.

Advantest Corporation (Japan)

Manufacturers of measurement technology for the semiconductor and electronics industries include Advantest Corporation. The business creates, develops, produces, and sells a variety of semiconductor test tools. It is one of the top suppliers of data analytics, system-level testing, and other related solutions in the semiconductor industry. Semiconductor Component Test Systems, which generates the majority of the company's revenue, Mechatronics Systems, which manages test system accessories, and Services Others, which primarily focuses on customer support and system-level testing, are the company's three business segments. By fusing its test systems with accessories like device interfaces and test handlers, the company offers test solutions.

Teradyne (US)

Teradyne is a leading manufacturer and supplier of products and industrial automation machinery. The company specialises in designing, developing, producing, and marketing automatic test systems used to test semiconductors, data storage, wireless products, and complex electronics systems in a variety of industries, including consumer electronics, wireless, automotive, industrial, computing, communications, and aerospace defence. The business is divided into four reportable segments: industrial automation, system testing, wireless testing, and semiconductor testing.

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