The automated test equipment market is expected to grow from USD 7.0 billion in 2022 to USD 8.8 billion by 2027; it is expected to grow at a CAGR of 4.7 % during the forecast period. The growth of the automated test equipment market is expected as automated test equipment process reduces manufacturing time and costs and has huge opportunity in automotive sector.
Major players in the automated test equipment market have primarily adopted acquisition and collaboration strategies to strengthen their position in the market.
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Advantest Corporation (Japan), Teradyne (US), are major players in automated test equipment market.
Advantest Corporation (Japan)
Advantest Corporation is a manufacturer of measurement technologies in the electronics and semiconductor industries. The company develops, designs, manufactures, and markets different types of semiconductor test equipment. It is among the leading providers of system-level testing, data analytics, and other related solutions in the semiconductor domain. The company operates through three business segments: Semiconductor & Component Test Systems, which accounts for the majority of its sales; Mechatronics Systems, which handles peripheral equipment for test systems; and Services & Others, which mainly focuses on customer support and system-level test. The company provides test solutions by integrating its test systems with peripherals such as device interfaces and test handlers.
Teradyne is a global provider of products and automation equipment for test and industrial applications. The company specializes in designing, developing, manufacturing, and selling automatic test systems used to test semiconductors, wireless products, data storage, and complex electronics systems in several industries, including consumer electronics, wireless, automotive, industrial, computing, communications, and aerospace & defense. The company operates through four reportable segments: Semiconductor Test, System Test, Wireless Test, and Industrial Automation.
Automated Test Equipment Market by Components, Type, Vertical (Semiconductor Fabrication, Automotive and Transportation, Medical, Aerospace and Defense, Consumer Electronics), and Geography (North America, Europe, APAC, RoW) - Global Forecast to 2027
Mr. Aashish Mehra
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