Automated Test Equipment Market Size, Share & Trends Report

Automated Test Equipment Market Size, Share & Trends Analysis Report By Product (Non-memory ATE, Memory ATE, Discrete), By Type (Logic Testing, PCB Testing, Interconnection & Verification Testing), By Vertical, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-176-4
  • Number of Pages: 167
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the automated test equipment market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for automated test equipment market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of automated test equipment market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Automated Test Equipment Market Categorization:

The automated test equipment market was categorized into four segments, namely product (Non-Memory ATE, Memory ATE, Discrete ATE), type (Logic Testing, Printed Circuit Board (PCB) Testing, Interconnection and Verification Testing), vertical (Automotive, Consumer Electronics, Aerospace & Defense, IT & Telecommunication, Healthcare), and regions (North America, Europe, Asia Pacific, South America, Middle East & Africa).

Segment Market Methodology:

The automated test equipment market was segmented into product, type, vertical, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The automated test equipment market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S., Canada, Mexico, the UK., Germany, France, China, Japan, South Korea, Taiwan, Singapore, India, Malaysia, Australia, Brazil, KSA, UAE, and South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Automated test equipment market companies & financials:

The automated test equipment market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:  

  • Marvin Test Solutions Inc. is a U.S.-based provider of test and measurement solutions, majorly to the aerospace sector. Since 1963, the company has been operating as a member of the Marvin Group, a manufacturer and supplier of a wide range of products and components for the defense and commercial aerospace industries. Marvin Test Solutions Inc. supplies its products to aerospace manufacturers, governments, armed forces, and industrial firms. It provides power supplies, FPGA cards, switching cards, PXI instruments, chassis products, chassis controllers, digital I/O devices, stimuli products, bus interfaces, specialty products, measurement instrumentations, and legacy products. It also provides software solutions such as test development, digital & analog test development, and calibration solutions. The company delivers its products and services in the U.S. and the Asia Pacific, European, and MEA regions.

  • Cohu, Inc. is a supplier of semiconductor test and inspection handlers, test contactors, micro-electromechanical system (MEMS) test modules, semiconductor automated test equipment, thermal sub-systems, and bare board PCB test systems. These offerings are used by semiconductor and electronics manufacturers and semiconductor test subcontractors. In October 2018, the company acquired Xcerra Corporation, a U.S.-based company, and entered the Automated Test Equipment and bare board PCB test markets and enhanced its market position in the test handler and test contactor businesses. The company operates through two segments, namely Semiconductor Test and Inspection Equipment and PCB Test Equipment. The company’s product offerings include semiconductor ATE used for wafer level and device package testing, semiconductor test handlers used in conjunction with semiconductor ATE to automate the testing of packaged semiconductor devices, interface products (probe heads, test contactors, and probe pins), bare board PCB test systems, and spares and kits. Furthermore, the company also offers various services related to the installation and necessary maintenance of the systems sold.

  • Intel Corporation designs and manufactures technologies that power the cloud, smart, connected, and computing components. The company’s computer, networking, data storage, and communications platforms are used in various applications, such as medical devices, automated factory systems, automobiles, smartphones, tablets, data centers, and PCs. The company operates through six business segments: data center group, non-volatile memory solutions group, client computing group, programmable solutions group, IoT group, and others. Its product portfolio includes digital imaging products, server products, system management software, software development tools, network and communication products, graphics drivers, flash memory, microcontrollers and embedded processors, test and measurement applications, and chipsets and solid-state drivers. It also offers system-on-chip, microprocessor, and multichip packaging products.

  • Danaher Corporation is a U.S.-based conglomerate that manufactures products under three segments: Diagnostics, Environmental & Applied Solutions, and Life Sciences. The test and measurement business of the company was established in 1998 by acquiring Fluke Corporation. The company offers various testing instruments, such as thermal imaging and calibration equipment, for electrical, industrial, electronic, compact professional test tools, and calibration applications. It markets its test and measurement products under various brands, such as Amprobe, Fluke, Fluke Biomedical, Fluke Networks, Keithley, Maxtek, and Tektronix. In July 2016, Danaher completed the separation of its test and measurement, retail/commercial petroleum platform, and industrial technologies segment under Fortive Corporation.

  • Chroma ATE, Inc. is a Taiwan-based supplier of automated test systems, precision test and measurement instrumentation, and intelligent manufacturing systems. The company also provides test & automation turnkey solutions to the semiconductor industry. It markets its products under the brand name Chroma. The company operates through four business segments: Special Materials Department, Test Instrument Department, Automatic Equipment Department, and Other. The Special Materials Department segment includes copper wires, gold wires, and lead-free solder balls. The Test Instrument Department segment consists of power electronics testing solutions, test solutions for passive components and regulatory testing, semiconductor/IC testing solutions, battery testing, and automation solutions. The Automatic Equipment Department segment comprises measurement equipment, automation systems, and MES software capabilities that offer its clients an integrated automation solution.

  • Astronics Corporation is a supplier of advanced technology products to the semiconductor, aerospace, and defense industries. The company operates through two segments, namely Test Systems and Aerospace. Under the Aerospace segment, the company offers lighting & safety systems, avionics products, aircraft structures, system certifications, seat motion solutions, high-performance electric power generation & distribution systems, and other products. Under the Test Systems segment, the company provides automated test systems for aerospace & defense, communications, and mass transit industries. Moreover, through a subsidiary, Astronics Test Systems, Inc., the company provides test and measurement solutions for electronic systems. The company offers its products and services to various industries such as mass transit, aerospace electronics, medical electronics, semiconductors, military electronics, and space electronics. ATRO has a vast geographic footprint covering regions such as North America, Europe, Asia, and South America.

  • Advanced Micro Devices, Inc. is a semiconductor company developing high-performance computing and visualization products. The company operates through two segments: Computing & Graphics segment and Enterprise, Embedded & Semi-Custom segment. Under the Computing and Graphics segment and the Enterprise, the company offers notebook and desktop chipsets and processors, integrated and discrete graphics processing units (GPUs), professional GPUs and data center, and development services. Under the Embedded and Semi-Custom segment, the company offers embedded and server processors and semi-custom System-on-Chip (SoC) products, among others. Advanced Micro Devices, Inc.’s geographic presence spans countries, such as the U.S, Argentina, Belgium, Brazil, Canada, China, France, Hong Kong, India, and Singapore.

  • ADVANTEST CORPORATION is a Japanese company offering test and measurement solutions across several fields, from semiconductor manufacturing and R&D to electronics, pharmaceuticals, and medical devices. The company’s core product line is semiconductor test equipment. The company caters to several semiconductor companies; foundries; industrial, design & manufacturing companies; and test houses. Moreover, the company operates through three segments: Mechatronics; Semiconductor & Component Test Systems; and Service, Support & Others. The company’s Semiconductor & Component Test Systems segment is engaged in the manufacturing and sales of test systems for the semiconductor and electronic components industry. Products in this segment include test systems for memory and non-memory semiconductors. The test systems for non-memory semiconductors are further divided into test systems for semiconductors used in car electronics, LCD driver integrated circuits, and SoC semiconductors. The company’s geographic presence spans various Southeast Asian countries, such as Japan, the U.S., South Korea, Taiwan, and China, and European countries.

  • Aeroflex Inc. is a U.S.-based company acquired by Cobham Advanced Electronic Solutions in 2014. Cobham Advanced Electronic Solutions is an RF, microwave, and millimeter-wave solutions provider. The company is engaged in the design, development, manufacturing, and marketing of microelectronic products and test and measurement products. The company offers test equipment used by wireless equipment manufacturers and service providers to test and develop wireless handsets, military radios, base stations, and PMR test equipment. The company also offers a wide range of microelectronics products for avionics and defense, space, medical, and commercial wireless communications. The products support automatic test systems, networks, and communication systems. The company’s geographic presence spans countries such as the U.S., the U.K., Denmark, France, Sweden, South Africa, and Finland

  • AEMULUS HOLDINGS BHD designs and develops Automated Test Equipment (ATE) and test & measuring instruments (TMI) for the semiconductor industry. The primary activities of ACSB include the designing and assembling of automated test equipment. Additionally, ACSB provides test and measurement instruments as well as test equipment-related services and design consultancy. The company offers a broad range of automated test machines used to test semiconductors and electronic devices for their functionality. The company offers its products and services in Malaysia, Singapore, China, the U.S., and the U.K., among other countries. The revenue contributions from Taiwan, Korea, China, and Japan are relatively higher than other countries

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Automated Test Equipment Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Automated Test Equipment Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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