Automated Test Equipment Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Automated Test Equipment Market Size Worth $5.8 Billion By 2025�
The global automated test equipment market size is estimated to reach USD 5.8 billion by 2025, expanding at a CAGR of 2.4% over the forecast period, according to a new report by Grand View Research, Inc. Increasing adoption of system-on chip and high demand for consumer electronics are the key drivers in the market. Growing electronic content in the automotive sector and penetration of smartphones are expected to drive the ATE market over the forecast period. Furthermore, adoption of automated test equipment in the manufacturing industry is again fueling the market demand as the test equipment saves the manufacturing cost and helps in eliminating the defective devices. Miniaturization of devices has spurred ATE demand across various semiconductor manufacturing companies. Additionally, considerable technological advancements, coupled with design complexity and need for adequate testing, are expected to impact the industry growth positively. Developments in the manufacturing processes of semiconductors and expansion of wireless networks in developing nations are expected to benefit the market expansion over the coming years. Growth of the market is primarily driven by semiconductor manufacturing companies, which focus on costeffective testing. Semiconductor manufacturing companies no longer consider fabrication costs as a factor for profit margin in the manufacturing of semiconductor chips. Semiconductor companies focus on improving their fabrication technology and look for efficient ways of testing to reduce losses due to damages. Development of smartphones, tablets, and system-on-chip (SoC) based products is creating demand for greater functionality in ATE. As connected devices get smaller, more powerful, and multifaceted, they face design, application, and fabrication challenges, which increase the demand for ATE.
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