With estimates indicating an increase from USD 7.0 billion in 2022 to USD 8.8 billion by 2027, reflecting a compound annual growth rate (CAGR) of 4.7% during the forecast period, the global Automated Test Equipment (ATE) Market is expected to grow significantly. The automotive and transportation, consumer electronics, semiconductor fabrication, medical, aerospace and defence, and other verticals are among the many verticals that the ATE market serves with a wide range of components and kinds. Technological developments, the growing need for effective testing solutions across industries, and the ongoing evolution of semiconductor and electrical devices are the main drivers of this projected rise. The ATE market is poised to be crucial in guaranteeing product performance and dependability across various industries as companies place an increasing emphasis on quality assurance and testing procedures.

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Printed Circuit Board Testing to witness the highest CAGR during the forecast period.

Printed circuit boards, or PCBs, are the building blocks of electronic circuits and are found in a wide range of electronic devices. PCB complexity has increased dramatically due to the current trend of using many layers and surface-mount components. This intricacy corresponds with the PCBs' expanding range of uses in various industries. PCBs are expected to function flawlessly and precisely satisfy project criteria, regardless of the particular application. Electronic circuits with hundreds of components and several welds and interconnects are now commonplace because to ongoing advancements in semiconductor fabrication technology. The demand for PCBs is rising in tandem with the sophistication of electronic devices, and this upward trajectory is anticipated to continue with the greatest Compound Annual Growth Rate (CAGR) during the course of the forecast period.

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Industrial PCs is expected to have the largest market size during the forecast period

Industrial PCs hold a dominant position in the Automated Test Equipment (ATE) market and are essential controllers in ATE systems. Industrial PCs are made to be durable and are engineered to resist the demands of harsh industrial environments. Usually enclosed in sturdy rack mounting enclosures, these PCs reduce the amount of wiring needed and guarantee dependability. Controlling machinery and other electrical systems that are under control is their main responsibility. These PCs are essential parts of ATE systems because of their critical function in industrial automation and their exceptional resilience to external elements like vibration, noise, temperature changes, and dust.

Semiconductor Fabrication to have the largest market size during the forecast period.

Front-end semiconductor production facilities (fabs) are operating at high capacity utilisation rates, frequently surpassing 80% and, in some cases, approaching 90–100%, as a result of the recent rise in semiconductor demand. It takes a lot of time to increase capacity utilisation since semiconductor manufacture is a complex process. However, the semiconductor industry is working hard to increase fab capacity utilisation in order to fulfil the increased demand for chips in response to the present worldwide chip shortage. With this calculated action, the semiconductor market's supply and demand imbalance will be addressed, and the difficulties caused by the ongoing chip scarcity will be lessened.

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China to grow with the highest CAGR in APAC region during the forecast period

In the Asia-Pacific (APAC) region, China is expected to have the highest Compound Annual Growth Rate (CAGR) in the market for Automated Test Equipment (ATE). China is one of the world's fastest-growing economies and is well-known for being the centre of global manufacturing for a number of industries, including electronics, semiconductors, and autos. By quickly creating and inventing a wide variety of medical equipment, the nation demonstrated its resilience throughout the epidemic and established its reputation for maintaining production continuity in difficult circumstances and satisfying international demand. In addition, it is expected that the demand for ATE would rise due to China's position as the world's fastest-growing consumer market, rivalling that of the US and a few Western European countries.

The report profiles key players in the automated test equipment market and analyzes their market shares. Players profiled in this report are Advantest Corporation (Japan), Teradyne (US), National Instruments (US), Chroma ATE (Taiwan), Astronics Corporation (US), STAr Technologies (Taiwan), Roos Instruments (US), Marvin Test Solutions (US), Cohu (US), and OMRON Corporation (Japan), TESEC Corporation(Japan), Danaher(US), ESPEC North America(US), JTAG Technologies(Netherlands), Vaunix(US), JFW Industries(US), Aemulus(Malaysia), Festo(Germany), Nikon Metrology(Belgium), Carl Zeiss AG (Germany), Viscom AG(Germany), Keysight Technologies(US), Artiflex Engineering(South Africa), Vitrox Corporation(Malaysia), Saki Corporation(Japan), Test Research Inc. (TRI)(Taiwan), ShenZhen J-wide Electronics Equipment Co., Ltd.(China), CHINO(US).

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