Automatic Test Equipment Market By Type, Component, and Industry Vertical : Opportunity Analysis and Industry Forecast, 2021–2030

Automatic Test Equipment Market By Type (Memory, Mixed Signal, Digital, and Others), Component (Industrial PC, Mass Interconnect, Handler, Prober, and Others), and Industry Vertical (Aerospace & Defense, Automotive & Transportation, Consumer Electronics, Information & Communication, Healthcare & Life Science, and Others): Opportunity Analysis and Industry Forecast, 2021–2030

The global automatic test equipment market was valued at $6.44 billion in 2020, and is projected to reach $9.52 million by 2030, registering a CAGR of 4.2% from 2021 to 2030. Automatic test equipment is an enhanced computer-controlled equipment designed to perform test on electronics devices for performance and functionality. Moreover, automatic test equipment consists of control hardware, software, and sensors that gather data and evaluate test findings.
Surge in demand for advanced semiconductor components across the consumer electronics sector and rise in penetration of 5G and Internet of Things applications drive the market growth. Moreover, surge in demand for SoCs in computing and AI applications propels the market growth. However, high cost associated with purchase and maintenance of automatic test equipment is anticipated to restrain the automatic test equipment market. Further, surge in government initiatives to propel the semiconductor industry paired with surge in adoption of energy-efficient integrated circuits solution is expected to provide lucrative opportunities for the automatic test equipment industry during the forecast period.
The automatic test equipment market is segmented based on type, component, and industry vertical. On the basis of type, the market is fragmented into memory, mixed signal, digital, and others. By component, it is segregated into industrial PC, mass Interconnect, handler, prober, and others. On the basis of. industry vertical, it is fragmented into aerospace & defense, automotive & transportation, consumer electronics, information & communication, healthcare & life science, and others.
The key players operating in the market include Advantest Corporation, Cal-Bay Systems, Inc. (Averna), Chroma ATE Inc., LTX-Credence (Cohu, Inc.), Marvin Test Solution, Inc., National Instruments Corp., Roos Instruments, Inc., Shinbashi Inc., SPEA S.p.A., and Teradyne Inc. are provided in this report.

KEY MARKET SEGMENTS

BY TYPE
• Memory
o DRAM
o Flash Memory
o SRAM
• Mixed Signal
• Digital
• Others

BY COMPONENT
• Industrial PC
• Mass Interconnect
• Handler
• Prober
• Others

BY INDUSTRY VERTICAL
• Aerospace & Defense
• Automotive and Transportation
• Consumer electronics
• Information and Communication
• Healthcare & Life Science
• Other

KEY PLAYERS
• Advantest Corporation.
• Cal-Bay Systems, Inc. (Averna)
• Chroma ATE Inc.
• LTX-Credence (Cohu, Inc.)
• Marvin Instruments Corp.
• National Instruments Corp.
• Roos Instruments, Inc.
• Shinbashi, Inc.
• SPEA S.p.A.
• Teradyne Inc.