The automated test equipment market is expected to witness robust expansion by 2027 driven by prevalent product demand across varied industry verticals. Moreover, technological advancements in several sectors are projected to bolster market demand through the forecast timeline.

Automated test equipment (ATE) refers to computer-controlled equipment that are employed to test the functionality and performance of electronic devices. The equipment is also pivotal in stress testing with minimum human interaction.

ATE encompasses sensors, control hardware, and software that accumulate and analyze test results. In addition, it is also considered a cost-effective solution for high-volume testing, which has fueled product adoption by manufacturers in diverse industries in recent years.

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Notably, industry players have been expanding their product offerings to cater to emerging market demand in key regions across the globe, which has been favorable for the global business landscape. For instance, in August 2021, Spirent Federal Systems, the North American supplier for Spirent Communications, a key automated test equipment provider, joined forces with Northrop Grumman, the U.S.-based aerospace and defense leader.

Northrop Grumman is working on the development of advanced airborne navigation capabilities using a government-owned open architecture under its Embedded Global Positioning System (GPS)/ Inertial Navigation System (INS)-Modernization or EGI-M program. Spirent Federal Systems announced its plans to entirely validate the inertial interface between its GNSS simulators and Northrop Grumman's legacy and updated inertial systems that are part of the EGI-M program. Subsequently, growing product penetration across leading industries has positively impacted automated test equipment industry growth.

The automated test equipment market has been segmented on the basis of application, type, and region. In terms of type, the market has further been divided into linear & discrete test system, memory IC test system, System-on-Chip (SoC) test system, and others.

The others product segment held a market share of over 5% in 2020 and is estimated to progress at a substantial pace over 2021-2027. Rising adoption of PCB test handlers to accelerate miniaturization features in consumer electronics is speculated to be a key factor driving segmental growth through the following years.

From the application perspective, the automated test equipment market has been categorized into consumer electronics, aerospace & defense, automotive, ICT, and others. In 2020, the aerospace & defense application segment held around 10% market share and is slated to garner a sizable revenue by the end of 2027. Government initiatives and funding to promote the development of the aerospace and defense sector is set to boost segmental expansion in the coming years.

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In the regional landscape, the LAMEA automated test equipment market accounted for approximately 5% of the overall industry revenue in 2020 and is anticipated to observe notable growth through the forecast period. Surging deployment of IoT network by telecom providers across LAMEA is likely to foster regional market growth in the future.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Scope & definition

1.2    Methodology

1.3    Data Sources

1.3.1    Primary

1.3.2    Secondary

Chapter 2   Executive Summary

2.1    Automated test equipment market 360⁰ synopsis, 2016 - 2027

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Type trends

2.1.4    Application trends

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