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North America Automated Test Equipment Market Forecast to 2030
North America 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
Increasing Automation in Manufacturing Sector Fuels North America Automated Test Equipment Market
The evolution of electronic and semiconductor technologies is paving the way for automation in the manufacturing sector. In recent years, automation has been highly adopted in the manufacturing sector for transforming manufacturing employment, factory floor operations, and the overall dynamics of the manufacturing sector. The growing adoption of several advanced technologies, such as artificial intelligence, robotics, and machine learning, allows machines to match or outpace humans in manufacturing activities, such as the cognitive activities that are required at various levels of manufacturing. Automation in the manufacturing processes increases productivity by up to more than 40% and removes 45% of repetitive work while integrated on the lean assembly line. Further, the evolution of Industry 4.0 is another trend driving the manufacturing sector. According to the GSM Association, the industry 4.0 trend is expected to grow at 46% during 2023-2025, associated with the rapid deployment of advanced technologies, which is driving the market. The evolution of Industry 4.0 or the Industrial Internet of Things (IIoT) that would utilize automated guided vehicles and the powers of collaborative robots is further boosting productivity in the manufacturing sector.
Semiconductor fabrications are increasing the adoption of automation in the manufacturing sector worldwide. The growing use of the Internet among customers is transforming and automating the entire value chain, from software to service to semiconductor devices. The emergence of IoT across the globe increases its adoption in the semiconductor industry. The industry is expected to play a crucial role in driving the North America automated test equipment market.
IoT-connected products, devices, and applications need ultra-small chips, wireless connectivity options, and low power consumption. The growing adoption of numerous IoT sensor-based products such as smart glasses, smartphones, and smartwatches is creating demand for MEMS/NEMS sensor platforms that have power advantages with lower technology nodes. These platforms increase functionality on a single small form-factor die.
The manufacturing sector is witnessing error-free and streamlined procedures using Robotic Process Automation (RPA). Manufacturing companies are replacing the production units from human sources with industry robots for the products to assemble, quality checks, and packaging to be done. The integration of RPA into the manufacturing sector for automatic activities such as preparing bills of materials, data migration, administration and reporting, ERP automation, logistics data automation, customer support, and service desk, and Web-integrated RPA is fueling the automated test equipment market growth. Manufacturing facilities have been incorporating greater levels of automation, owing to which the demand for new technologies is growing rapidly. Consumer electronics, automobiles, healthcare, and defense industries are the most prominent industry verticals that have become productive by integrating automation into the manufacturing assembly lines to streamline operations. These industries are anticipated to drive the demand for automatic test equipment as it results in lesser and quicker inspection of the semiconductor devices used for automation.
North America Automated Test Equipment Market Overview
The manufacturing industry plays a vital role in the growth of the North American economy. The US, Canada, and Mexico are the prime countries in the region. The availability of efficient infrastructure in developed countries (the US and Canada) enables manufacturing companies to explore the limits of science, technology, and commerce. According to the National Association of Manufacturers (NAM), the US has the second-largest manufacturing industry in the world, which accounted for ~US$ 2.9 trillion as of September 2023. As per a survey by Spex Precision Machine Technologies Inc., the manufacturing industry accounts for 11% of the US economy as of 2023. Moreover, this industry is expected to grow rapidly in the coming years owing to increased productivity due to the availability of modern technologies and decreasing gas prices. Rising labor costs in emerging markets and better protection available for intellectual properties are other important factors benefiting the manufacturing businesses in the US. The manufacturing industry dynamics in North America, specifically in the US, have been the most influential trends globally over the past few years. A few of the major manufacturing industries in North America include aerospace, automotive, telecommunications, and electronics. Thus, the well-established manufacturing industry generates a high demand for automated test equipment in the region.
The manufacturing industry in Canada is becoming more profitable with the rising demand for coal, metal, and oil products among consumers. The country is experiencing a declining dollar value and availability of cheaper power, which benefits manufacturing businesses. In Mexico, the manufacturing industry is noticing significant growth due to efforts made by governments to attract foreign direct investments (FDIs). Furthermore, the country’s proximity to the US and ability to achieve cost-competitiveness due to NAFTA benefit this industry. The automotive industry in Mexico is experiencing a paradigm shift, with many huge automobile companies constructing their plants in the country. A few of the companies that recently opened their plants in the country include Kia Motors, Mercedes-Benz, Nissan, Audi, General Motors, and others. Axium Packaging Inc. and Ford are also planning to construct their new plants in the country and start operations by 2026.
North America Automated Test Equipment Market Revenue and Forecast to 2030 (US$ Million)
North America Automated Test Equipment Market Segmentation
The North America automated test equipment market is categorized into type, component, end user, and country.
Based on type, the North America automated test equipment market is categorized 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 North America automated test equipment market is segmented into industrial PCs, mass interconnect, and handler/prober. The industrial PCs segment held the largest market share in 2022.
By end user, the North America automated test equipment market is categorized 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 North America automated test equipment market is segmented into the US, Canada, and Mexico. The US dominated the North America automated test equipment market share in 2022.
Advantest Corp; Anritsu Corp; Astronics Corporation; 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 North America automated test equipment market.
Summary Info
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According to the Research Team’ research, the North America automated test equipment market was valued at US$ 1,567.55 million in 2022 and is projected to reach US$ 2,679.51 million by 2030, registering a CAGR of 6.9% from 2022 to 2030. Increasing automation in manufacturing sector and testing of sensors for autonomous vehicles are among the critical factors attributed to drive the North America automated test equipment market growth.
Manufacturers across the globe are collaborating for the development of autonomous vehicles. Autonomous vehicles have evolved and transformed on the platform built by ADAS. Companies such as Tesla, Ford, Mercedes, General Motors, Honda, and Nissan are heavily investing in their research to develop autonomous cars. Also, technology giants such as Apple, IBM, and Intel have further collaborated with the leading auto manufacturers to remain competitive. Car companies across the globe are working on developing autonomous cars to enhance consumer traveling experiences.
Increasing government initiatives to reduce traffic congestion drives the demand for autonomous vehicles across the globe. In the next few years, it is anticipated that autonomous cars will hit the roads and be commercialized. One of the key enabling technologies required in autonomous vehicles is the presence of sensor fusion, whose function would be to integrate data from an array of sensors to make quick and appropriate decisions. Fusion sensor allows manufacturers to use inexpensive and less powerful sensors and also save the battery life of the car while providing maximum functionality. These attributes make the fusion sensors an ideal choice in integration with autonomous vehicles. Testing becomes critical to ensure the smooth functioning of these sensors. The sensor technology has been evolving at a rapid rate, and the synchronization to be maintained between the testing equipment and the sensor requires good calibration.
The RADAR sensors that are used in autonomous vehicles for weather-agnostic obstacle detection are migrating to higher frequency levels to enable the use of smaller antennas, wider bandwidth, and the ability to transmit higher power. Also, LiDAR is being used as an alternative to Radars and proving their worth. Test equipment able to monitor and verify their performances will gain huge momentum in the coming years with rising demands for autonomous vehicles. Rapidly evolving technology would force test equipment manufacturers to develop dynamic and modular test equipment. Modular and flexible test equipment is expected to incorporate any I/O device for providing synchronization. A flexible test solution that would expand with the influx of technologies is therefore essential in the upcoming times.
On the contrary, huge costs incurred in testing and O&M complexities hampers the growth of North America automated test equipment market.
Based on type, the North America 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 38.3% market share in 2022, amassing US$ 600.77 million. It is projected to garner US$ 1,111.52 million by 2030 to register 8.0% CAGR during 2022-2030.
In terms of component, the North America automated test equipment market is segmented into industrial PCs, mass interconnect, and handler/prober. The industrial PCs segment held 51.3% share of North America automated test equipment market in 2022, amassing US$ 804.52 million. It is anticipated to garner US$ 1,347.22 million by 2030 to expand at 6.7% CAGR during 2022-2030.
By end user, the North America automated test equipment market is divided into consumer electronics, automotive, medical, aerospace & defense, IT & telecommunication, and other industries. The consumer electronics segment held 28.3% share of North America automated test equipment market in 2022, amassing US$ 442.88 million. It is projected to garner US$ 772.72 million by 2030 to expand at 7.2% CAGR from 2022 to 2030.
Based on country, the North America automated test equipment market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 83.0% share of North America automated test equipment market in 2022. It was assessed at US$ 1,301.22 million in 2022 and is likely to hit US$ 2,270.48 million by 2030, registering a CAGR of 7.2% during 2022-2030.
Key players operating in the North America automated test equipment market are Advantest Corp; Anritsu Corp; Astronics Corporation; Averna Technologies Inc; Chroma ATE Inc.; National Instruments Corp; SPEA S.p.A; Teradyne Inc; and Test Research, Inc., among others.
In August 2023, Astronics Corporation released ME7873NR Lite Model, a new Radio RF Conformance Test System that supports 5G Sub-6 GHz (FR1) TRx tests. The model supports more efficient testing without large extra costs.
In November 2022, Advantest Corp launched T5835 Memory Tester for next-generation DRAMs and NAND Flash Devices with High-Speed Interfaces. The new T5835 Memory Tester has full testing functionality for any memory ICs with operating speeds up to 5.4 Gbps.
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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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. North America Automated Test Equipment Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
5. North America 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 – North America Market Analysis
6.1 North America Automated Test Equipment Market Overview
6.2 North America Automated Test Equipment Market Revenue (US$ Million), 2022 – 2030
6.3 North America Automated Test Equipment Market Forecast and Analysis
7. North America 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. North America 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. North America 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. North America Automated Test Equipment Market – Country Analysis
10.1 North America
10.1.1 North America Automated Test Equipment Market Overview
10.1.2 North America Automated Test Equipment Market Revenue and Forecasts and Analysis – By Countries
10.1.2.1 US Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.1.1 US Automated Test Equipment Market Breakdown by Type
10.1.2.1.2 US Automated Test Equipment Market Breakdown by Component
10.1.2.1.3 US Automated Test Equipment Market Breakdown by End User
10.1.2.2 Canada Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Canada Automated Test Equipment Market Breakdown by Type
10.1.2.2.2 Canada Automated Test Equipment Market Breakdown by Component
10.1.2.2.3 Canada Automated Test Equipment Market Breakdown by End User
10.1.2.3 Mexico Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 Mexico Automated Test Equipment Market Breakdown by Type
10.1.2.3.2 Mexico Automated Test Equipment Market Breakdown by Component
10.1.2.3.3 Mexico 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 Astronics Corporation
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 Averna Technologies 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 Chroma ATE Inc.
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 National Instruments Corp
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 SPEA S.p.A.
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 Teradyne 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
12.9 Test Research, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 Word Index
LIST OF TABLES
Table 1. North America Automated Test Equipment Market Segmentation
Table 2. North America Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. North America Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. North America Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 5. North America Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Million) – End User
Table 6. North America Automated Test Equipment Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 7. US Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 8. US Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 9. US Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 10. Canada Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 11. Canada Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 12. Canada Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 13. Mexico Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 14. Mexico Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 15. Mexico Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 16. List of Abbreviation
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LIST OF FIGURES
Figure 1. North America Automated Test Equipment Market Segmentation, By Country
Figure 2. Ecosystem: Automated Test Equipment Market
Figure 3. North America Automated Test Equipment Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Automated Test Equipment Market Revenue (US$ Million), 2022 – 2030
Figure 6. North America 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. North America 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. North America 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. North America 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. US Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. Canada Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Mexico Automated Test Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – North America Automated Test Equipment Market
1. Advantest Corp
2. Anritsu Corp
3. Astronics Corporation
4. Averna Technologies Inc
5. Chroma ATE Inc.
6. National Instruments Corp
7. SPEA S.p.A.
8. Teradyne Inc
9. Test Research, Inc.
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