Industry Overview
Global Automated Test Equipment (ATE) market size is expected to
reach USD 4,476.2 million by 2020, growing at a CAGR of 2.5% from 2014
to 2020. Increasing design complexity coupled with need for effective
testing is expected to drive demand growth over the next six years. It
offers more features and amplified device integration. Increasing
consumer demand for improved functionality, bandwidth, and performance
designing are factors responsible for the industry growth. In addition,
manufacturers are adopting high-level product differentiation that
invariably demands high complexity in ATE designs.
Increasing need for optimizing power management in order to ensure
longer battery life for consumer electronic devices is expected to fuel
ATE market growth over the forecast period. The expansion of
smartphones, tablets and system-on-chip (SoC) based products is
generating demand for greater functionality. Smartphone proliferation
has also been instrumental in escalating the demand for semiconductors,
which has further fostered automated test equipment market.
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Key test point techniques analyzed and reported in this automated
test equipment market report include wafer probing, burn-in and final
test. Wafer probing is expected to lose share over the forecast period.
It accounted for over 39% of the overall share in 2013. This can be
attributed to the miniaturization of semiconductor devices and
significant cost-benefits associated. Final test accounted for over 33%
of the overall share in 2013.
Strong need for effective testing is expected to spur demand over the
forecast period from 2014 to 2020. The benefits offered by
semiconductor testing include reduced-cost, miniaturization of
components, improved flexibility, modularity, technical capability and
reliability. Besides this, high-level integration including RF and
wireless technology and rapid product development are the new norms
driving the demand for effective testing solutions. In addition,
technological proliferation, increasing consumer demand for improved
product functionality and the need to gain competitive advantage have
bolstered the need for effective testing solutions.
Dependency on semiconductor chips is expected to pose a challenge to
the growth of ATE market. The fluctuations in demand for semiconductor
chips has led to a gap in the demand and supply, thus industry
participants experience volatile revenue that adversely affects their
profitability. For instance, in 2011, reduction in production of
electronic products owing to natural disasters such as the floods in
Thailand and the Great East Japan Earthquake has resulted in significant
losses for industry participants.
Product Overview
Non-memory was the leading ATE market product segment and was valued
over USD 2,000.0 million in 2013. This can be attributed to the
expansion of consumer electronics, increasing automotive demand and
growing number of microcontroller-based applications.
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Memory was the second largest product segment and was valued over USD
800.0 million in 2013, growing at a rate of over 1% from 2014 to 2020.
The cyclical variations in growth rates than non-memory semiconductors
have resulted in gaining popularity among various applications. Discrete
is fastest growing product segment and expected to reach over USD 120.0
million by 2020.
Application Overview
IT & telecommunication industry is the highest revenue generator
application segment. It was valued over USD 1,500.0 million in 2013 and
expected to reach over USD 2,000.0 million by 2020. ATE enables Telecom
Equipment Manufacturers (TEMs) in ensuring consistent quality for their
products, and Communication Service Providers (CSPs) to enhance their
network in order to support new technologies.
Consumer electronics sector is the second largest application segment
and was valued over USD 1,000.0 million in 2013, growing at a CAGR of
over 3% from 2014 to 2020. Increasing popularity of consumer devices
such as tablets, smartphones and computers is expected to be the key
growth driver. Defense sector is the fastest growing application sector
and expected to reach over USD 170.0 million by 2020.
Regional Overview
Asia Pacific automated test equipment market dominated demand with
valuation of over USD 2,000.0 million in 2013, growing at a CAGR of over
2% from 2014 to 2020. This can be attributed to a large number of
semiconductor industries in the region. In addition, innovations in
technology and changing customer needs have also contributed positively
towards the regional growth.
North America was the second largest regional industry and accounted
for over 15% of the total demand share in 2013. Heavy investment in
innovation for defense applications, along with developments in the
telecommunication sector is expected to drive the region over the
forecast period.
Competitive Market Share
The global automated test equipment market share is highly
consolidated, with the top three companies accounting for over 80% of
the total share in 2013.
Teradyne Inc. emerged as the leading company in the global industry
and accounted for over 40% of the total consumption in 2013. Rest of the
companies such as Advantest Corporation, LTX-Credence Corporation,
Yokogawa, Aeroflex Inc., Advint LLC, Anritsu Co., Cal-Bay Systems and
National Instruments Corp. among others accounted for approximately 60%
of the industry share in 2013.
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