Europe Automated Test Equipment Market Forecast to 2030
Europe Automated Test Equipment Market Forecast to 2030 – Regional Analysis – by Type [Integrated Circuits (ICs) Testing, Printed Circuit Boards (PCBs) Testing, Hard Disk Drives (HDDs) Testing, and Others], Component (Industrial PCs, Mass Interconnect, and Handler/Prober], and End User (Consumer Electronics, Automotive, Medical, Aerospace & Defense, IT & Telecommunication, and Other Industries)
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Description
Growing Need for High-Speed Testing Capabilities Drives Europe Automated Test Equipment Market
In a highly competitive scenario, the time-to-market of any product plays an extremely critical role. Less time-to-market for the product creates a higher possibility for the company to take a competitive advantage in the market. Product testing consumes an excessive amount of time and resources, slowing new product launch time in the market. Traditional technician-on-the-bench testing takes up to two weeks to fully characterize a product, including an RF power amplifier (PA), which makes it a long, tedious, and repetitive process. It’s costly, as the cost of workforce and the cost of lost opportunity results in a loss of efficiency, loss of profit, and higher product pricing.
Product and price differentiations have narrowed down in recent times. In such a scenario, the companies look for other factors that can lead to higher customer attractiveness in the market. Therefore, product companies strive for less time-to-market for the products. Identification of anomalies at the initial stages allows for quicker actions to be taken and further leads to cost savings.
During earlier times, the testing of devices was done manually, which is largely inefficient and incapable of handling the current volumes of demand. These manual testing methods were also very faulty and slow. Growing populations across the globe, coupled with growing middle-class incomes and the spending capacities of individuals, have resulted in rising demands for products across various industry verticals. Growing pressures for economies of scale while manufacturing, aided by the rising spending capacities of individuals, would drive the ATE integrations in the semiconductor industry.
Europe Automated Test Equipment Market Overview
Prominent manufacturing businesses in European countries include aerospace, machinery and equipment, automotive, shipbuilding, and military vehicles. The automotive industry contributes significantly to the GDP of several countries in the European Union (EU). Europe is the leading producer of motor vehicles with the presence of several premium automotive manufacturers, including General Motors, Ford, Jeep, Chevrolet, Toyota, Nissan, and Stellantis. The automotive industry in Europe represents the largest R&D investments, including the contributions of both private and government industries. As per the European Automobile Manufacturers’ Association (ACEA), 8,61,062 units of new cars were registered in Europe as of September 2023. The region has nearly 300 vehicle manufacturing and assembly facilities across ~26 countries.
According to the ACEA, manufacturing facilities in the EU accounted for 19.2% of the total cars manufactured in the world in 2022. Germany holds a significant share of 30% of the automotive market in the region. Major car manufacturers such as VW, BMW, Opel, Daimler AG, and Audi have a noticeable presence in the country. On average, Germany produces ~6 million passenger and commercial vehicles every year. The robust automobile industry, especially the presence of major premium car manufacturers, is anticipated to drive the automated test equipment market in Europe. The European Union are planning to invest US$ 1.9 billion to deploy 2.7 million public charging points by 2030. The investments were made to encourage the use of EVs as an eco-friendly solution. Thus, the subsequently rising investments in electric car battery manufacturing are expected to bolster the automated test equipment market in Europe in the coming years.
Europe Automated Test Equipment Market Revenue and Forecast to 2030 (US$ Million)
Europe Automated Test Equipment Market Segmentation
The Europe automated test equipment market is categorized into type, component, end user, and country.
Based on type, the Europe automated test equipment market is segmented into integrated circuits (ICs) testing, printed circuit boards (PCBs) testing, hard disk drives (HDDs) testing, and others. The integrated circuits (ICs) testing segment held the largest market share in 2022.
In terms of component, the Europe automated test equipment market is categorized into industrial PCs, mass interconnect, and handler/prober. The industrial PCs segment held the largest market share in 2022.
By end user, the Europe automated test equipment market is segmented into consumer electronics, automotive, medical, aerospace & defense, IT & telecommunication, and other industries. The consumer electronics segment held the largest market share in 2022.
By country, the Europe automated test equipment market is segmented into Germany, France, the UK, Italy, the Netherlands, and the Rest of Europe. Germany dominated the Europe automated test equipment market share in 2022.
Advantest Corp; Anritsu Corp; Averna Technologies Inc; Chroma ATE Inc.; National Instruments Corp; SPEA S.p.A; Teradyne Inc; and Test Research, Inc. are among the leading companies operating in the Europe automated test equipment market.
Summary Info
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According to the Research Team’ research, the Europe automated test equipment market was valued at US$ 1,213.07 million in 2022 and is projected to reach US$ 1,950.98 million by 2030, registering a CAGR of 6.1% from 2022 to 2030. Increasing automation in manufacturing sector and evolution of IOT and connected devices are among the critical factors attributed to drive the Europe automated test equipment market growth.
The evolution of IoT enables devices to be connected over the Internet. For instance, according to Cisco Systems, Inc., nearly two-thirds or 66% of the global population will have Internet access, reaching 5.3 billion of total Internet users by the end of 2023. The rapid growth of data traffic over the Internet is attributed to the rising penetration of smartphones, smartwatches, and other consumer electronic devices that can be connected over the Internet, increasing the popularity of IoT.
Strong internet infrastructural deployments in advanced countries coupled with the development of advanced infrastructures such as 5G, fiber optic cables, and wireless connectivity are establishing new use cases, including Fixed Wireless Access, Critical IoT, and Massive IoT. Growing advancements in internet technology are driving businesses to harness the best out of the presented opportunity and maximize revenue generation streams. It is estimated that each individual will have close to a dozen devices that will be connected to the Internet by 2020. As per Ericsson’s latest mobility report, the number of mobile subscriptions has reached 59 billion in the first quarter of 2023. The number of mobile broadband subscriptions is growing at 89% percent year-on-year, reaching a total of 65 million in the first quarter of 2023. The growing number of mobile subscriptions associated with inactive subscriptions, optimization of subscriptions for different types of calls, and multiple device ownership. Additionally, significant initiatives taken by the government toward the digitalization of economies in developing countries such as Italy and Spain are creating a larger number of data traffic over the Internet.
Growing awareness related to the benefits provided by advanced technologies such as IoT, communications, and sensors is paving the way for the integration of sensors into the devices, creating opportunities for the automated test equipment market growth. Several industries, such as consumer electronics, automotive, healthcare, and aerospace & defense, are adopting automated testing equipment to automate and transform numerous business functions such as supply chain planning and logistics and manufacturing across industries for increasing profitability. The growth of automated test equipment in the various end user industries is anticipated to rise at a rapid rate in the coming years, with IoT gaining more prominence in the coming years.
On the contrary, huge costs incurred in testing and O&M complexities hampers the growth of Europe automated test equipment market.
Based on type, the Europe automated test equipment market is segmented into integrated circuits (ICs) testing, printed circuit boards (PCBs) testing, hard disk drives (HDDs) testing, and others. The integrated circuits (ICs) testing segment held 46.9% market share in 2022, amassing US$ 568.76 million. It is projected to garner US$ 963.03 million by 2030 to register 6.8% CAGR during 2022-2030.
In terms of component, the Europe automated test equipment market is segmented into industrial PCs, mass interconnect, and handler/prober. The industrial PCs segment held 57.9% share of Europe automated test equipment market in 2022, amassing US$ 702.66 million. It is anticipated to garner US$ 1,107.16 million by 2030 to expand at 5.8% CAGR during 2022-2030.
By end user, the Europe automated test equipment market is divided into consumer electronics, automotive, medical, aerospace & defense, IT & telecommunication, and other industries. The consumer electronics segment held 30.5% share of Europe automated test equipment market in 2022, amassing US$ 370.59 million. It is projected to garner US$ 598.74 million by 2030 to expand at 6.2% CAGR from 2022 to 2030.
Based on country, the Europe automated test equipment market is categorized into Germany, France, the UK, Italy, the Netherlands, and the Rest of Europe. Our regional analysis states that Germany captured 31.3% share of Europe automated test equipment market in 2022. It was assessed at US$ 379.45 million in 2022 and is likely to hit US$ 666.23 million by 2030, registering a CAGR of 7.3% during 2022-2030.
Key players operating in the Europe automated test equipment market are Advantest Corp; Anritsu Corp; Averna Technologies Inc; Chroma ATE Inc.; National Instruments Corp; SPEA S.p.A; Teradyne Inc; and Test Research, Inc., among others.
In May 2023, Averna Technologies Inc acquired ProNES Automation GmbH to expand its presence in Germany.
In April 2022, Teradyne Inc shipped 7,000th J750 semiconductor test system to Nations Technologies to help Nations Technologies to verify test programs critical for the automotive market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe automated test equipment market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe automated test equipment market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Automated Test Equipment Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
5. Europe Automated Test Equipment Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Increasing Automation in Manufacturing Sector
5.1.2 Rising Demand for Robust Testing Method
5.1.3 Growing Need for High-Speed Testing Capabilities
5.2 Market Restraints
5.2.1 Huge Costs Incurred in Testing and O&M Complexities
5.3 Market Opportunities
5.3.1 Evolution of IoT and Connected Devices
5.3.2 Integrations of Consumer Electronics in Automotive Industry
5.4 Future Trends
5.4.1 Testing of Sensors for Autonomous Vehicles
5.5 Impact of Drivers and Restraints:
6. Automated Test Equipment Market – Europe Market Analysis
6.1 Europe Automated Test Equipment Market Revenue (US$ Million), 2020 – 2030
6.2 Europe Automated Test Equipment Market Forecast and Analysis
7. Europe Automated Test Equipment Market Analysis – Type
7.1 Integrated Circuits (ICs) Testing
7.1.1 Overview
7.1.2 Integrated Circuits (ICs) Testing Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Printed Circuit Boards (PCBs) Testing
7.2.1 Overview
7.2.2 Printed Circuit Boards (PCBs) Testing Market Revenue and Forecasts to 2030 (US$ Million)
7.3 Hard Disk Drives (HDDs) Testing
7.3.1 Overview
7.3.2 Hard Disk Drives (HDDs) Testing Market Revenue and Forecasts to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
8. Europe Automated Test Equipment Market Analysis – Component
8.1 Industrial PCs
8.1.1 Overview
8.1.2 Industrial PCs Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Mass Interconnect
8.2.1 Overview
8.2.2 Mass Interconnect Market Revenue and Forecasts to 2030 (US$ Million)
8.3 Handler/Prober
8.3.1 Overview
8.3.2 Handler/Prober Market Revenue and Forecasts to 2030 (US$ Million)
9. Europe Automated Test Equipment Market Analysis – End User
9.1 Consumer Electronics
9.1.1 Overview
9.1.2 Consumer Electronics Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Automotive
9.2.1 Overview
9.2.2 Automotive Market Revenue and Forecasts to 2030 (US$ Million)
9.3 Medical
9.3.1 Overview
9.3.2 Medical Market Revenue and Forecasts to 2030 (US$ Million)
9.4 Aerospace & Defense
9.4.1 Overview
9.4.2 Aerospace & Defense Market Revenue and Forecasts to 2030 (US$ Million)
9.5 IT & Telecommunication
9.5.1 Overview
9.5.2 IT & Telecommunication Market Revenue and Forecasts to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
10. Europe Automated Test Equipment Market – Country Analysis
10.1 Europe
10.1.1 Europe Automated Test Equipment Market Overview
10.1.2 Europe Automated Test Equipment Market Revenue and Forecasts and Analysis – By Countries
10.1.2.1 Germany Europe Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.1.1 Germany Europe Automated Test Equipment Market Breakdown by Type
10.1.2.1.2 Germany Europe Automated Test Equipment Market Breakdown by Component
10.1.2.1.3 Germany Europe Automated Test Equipment Market Breakdown by End User
10.1.2.2 France Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 France Automated Test Equipment Market Breakdown by Type
10.1.2.2.2 France Automated Test Equipment Market Breakdown by Component
10.1.2.2.3 France Automated Test Equipment Market Breakdown by End User
10.1.2.3 UK Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 UK Automated Test Equipment Market Breakdown by Type
10.1.2.3.2 UK Automated Test Equipment Market Breakdown by Component
10.1.2.3.3 UK Automated Test Equipment Market Breakdown by End User
10.1.2.4 Italy Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Italy Automated Test Equipment Market Breakdown by Type
10.1.2.4.2 Italy Automated Test Equipment Market Breakdown by Component
10.1.2.4.3 Italy Automated Test Equipment Market Breakdown by End User
10.1.2.5 Netherlands Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.5.1 Netherlands Automated Test Equipment Market Breakdown by Type
10.1.2.5.2 Netherlands Automated Test Equipment Market Breakdown by Component
10.1.2.5.3 Netherlands Automated Test Equipment Market Breakdown by End User
10.1.2.6 Rest of Europe Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.6.1 Rest of Europe Automated Test Equipment Market Breakdown by Type
10.1.2.6.2 Rest of Europe Automated Test Equipment Market Breakdown by Component
10.1.2.6.3 Rest of Europe Automated Test Equipment Market Breakdown by End User
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 Anritsu Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Advantest Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Averna Technologies Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Chroma ATE Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 National Instruments Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 SPEA S.p.A.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Teradyne Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Test Research, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 Word Index
LIST OF TABLES
Table 1. Europe Automated Test Equipment Market Segmentation
Table 2. Europe Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Europe Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. Europe Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 5. Europe Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Million) – End User
Table 6. Europe Automated Test Equipment Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 7. Germany Europe Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 8. Germany Europe Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 9. Germany Europe Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 10. France Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 11. France Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 12. France Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 13. UK Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 14. UK Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 15. UK Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 16. Italy Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 17. Italy Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 18. Italy Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 19. Netherlands Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 20. Netherlands Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 21. Netherlands Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 22. Rest of Europe Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 23. Rest of Europe Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 24. Rest of Europe Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 25. List of Abbreviation
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LIST OF FIGURES
Figure 1. Europe Automated Test Equipment Market Segmentation, By Country
Figure 2. Ecosystem: Automated Test Equipment Market
Figure 3. Europe Automated Test Equipment Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Automated Test Equipment Market Revenue (US$ Million), 2020 – 2030
Figure 6. Europe Automated Test Equipment Market Share (%) – Type, 2022 and 2030
Figure 7. Integrated Circuits (ICs) Testing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Printed Circuit Boards (PCBs) Testing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Hard Disk Drives (HDDs) Testing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Europe Automated Test Equipment Market Share (%) – Component, 2022 and 2030
Figure 12. Industrial PCs Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Mass Interconnect Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Handler/Prober Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Europe Automated Test Equipment Market Share (%) – End User, 2022 and 2030
Figure 16. Consumer Electronics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Automotive Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Medical Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Aerospace & Defense Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. IT & Telecommunication Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Europe Automated Test Equipment Market, By Key Country – Revenue (2022) (US$ Million)
Figure 23. Automated Test Equipment Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 24. Germany Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. France Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. UK Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Italy Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 28. Netherlands Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 29. Rest of Europe Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Europe Automated Test Equipment Market
1. Advantest Corp
2. Anritsu Corp
3. Averna Technologies Inc
4. Chroma ATE Inc.
5. National Instruments Corp
6. SPEA S.p.A.
7. Teradyne Inc
8. Test Research, Inc.
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