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 COVID-19 pandemic's quick outbreak and extensive distribution have hampered market growth, and this pattern is anticipated to last until the world's broken supply networks return to normal. Due to the closing of factories and the delay of logistical operations, the semiconductor sector had a supply deficit in the final few months of 2020. However, due to an increase in semiconductor fabrication methods, a quick rebound is anticipated in the post-pandemic phase.
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The projection period will see the highest CAGR for printed circuit board testing.
Any electrical circuit must have a printed circuit board (PCB), which is a fundamental part. Multiple layers and the expanding usage of surface-mount components have made PCBs more complex. The common criteria that all PCBs are expected to meet is to perform appropriately in accordance with the project specifications because there are countless uses for PCBs. Electronic circuits today have hundreds of components connected by several welds and interconnects because to advancements in semiconductor fabrication technology. The demand for PCB is rising along with complexity and is anticipated to rise at the greatest CAGR during the forecast period.
During the projection period, industrial PCs are anticipated to have the greatest market size.
This market has been dominated by industrial PCs. In an ATE system, the controller is an industrial PC. Industrial PCs are made with features that enable them to be used in harsh industrial settings. Because these PCs are mounted in a sturdy rack mounting container, less wiring is needed. They are very resistant to vibration, noise, temperature, and dust since they are used to regulate equipment and other tamper-proof electrical systems.
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During the anticipated time, semiconductor fabrication will have the biggest market size.
Front-end semiconductor production facilities, or fabs, have recently operated above 80% capacity utilisation, with some fabs running as high as 90-100%, due to the rising demand for semiconductors. However, because it takes so long to manufacture semiconductors, their capacity utilisation must be increased. To address the increased demand brought on by the current worldwide chip shortfall, the semiconductor industry is considerably expanding fab capacity utilisation.
China will expand with the APAC region's highest CAGR during the anticipated period.
China will experience the greatest CAGR in APAC. It is regarded as the centre of the world's manufacturing for a number of sectors, including semiconductors, electronics, and the auto industry. It has one of the world's fastest developing economies. In the midst of the epidemic, China also created and produced a variety of medical equipment. This enabled it to demonstrate its ability to maintain production in difficult circumstances and satisfy global demand. The nation is also the fastest-growing consumer market in the globe, directly competing with the US and a few Western European nations. As a result, there will be a rise in the need for ATE in the nation for the design, development, and testing of home appliances and other ancillary electronics.
Advantest Corporation (Japan), Teradyne (US), National Instruments (US), Chroma ATE (Taiwan), Astronics Corporation (US), STAr Technologies (Taiwan), Roos Instruments (US), Marvin Test Solutions (US), Cohu (US), and OMRON Corporation (Japan), TESEC Corporation(Japan), Danaher(US), ESPEC North America(US), JTAG Technologies(Netherlands), Vaunix(US), JFW Industries(US), Aemulus(Malaysia), Festo(Germany), Nikon Metrology(Belgium), Carl Zeiss AG (Germany), Viscom AG(Germany), Keysight Technologies(US), Artiflex Engineering(South Africa), Vitrox Corporation(Malaysia), Saki Corporation(Japan), Test Research Inc. (TRI)(Taiwan), ShenZhen J-wide Electronics Equipment Co., Ltd.(China), CHINO(US).
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