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Monday, October 30, 2023

Global Automated Test Equipment Market is Anticipated to Grow at a CAGR of 3.5% during 2024 to 2030

The future of the global automated test equipment market looks promising with opportunities in the semiconductor fabrication, consumer electronic, automotive & transportation, aerospace & defense, and medical sectors. The global automated test equipment market is expected to reach an estimated $9 billion by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are growing demand for high-quality electronic products, rising preference for e-vehicles, and emergence of 5G and IoT enabled technologies.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the automated test equipment market by component (industrial PCs, handlers/probers, mass interconnects, and others), type (integrated circuit testing, printed circuit board testing, hard disk drive testing, and modules), end use (semiconductor fabrication, consumer electronics, automotive & transportation, aerospace & defense, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, industrial PC, handler/prober, and mass interconnect are the major segments of automated test equipment market by component. Lucintel forecasts that handler is expected to witness highest growth over the forecast period due to its ability to test complex ics with high fault coverage at a low cost and improves the quality of the tests. Within this market, semiconductor fabrication is expected to witness highest growth over the forecast period due to significant application of automated test equipments at several phases of the semiconductor production process.

APAC is expected to witness highest growth over the forecast period due to rapid growth of the semiconductor industry in the region.

Advantest, Teradyne, National Instruments, Chroma, Astronics, Roos Instruments, and Marvin Test Solutions are the major suppliers in the automated test equipment market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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