The automated test equipment (ATE) market is expected to grow from $7.0 billion to $8.8 billion by 2027–a CAGR of 4.7 % from 2022-2027.
Increased system-on-chip (SoC) adoption and high demand for consumer electronics are expected to be significant drivers of the ATE Market during the forecast period. The market drivers include electronic components and the spread of smartphones in the automobile field. Miniaturization has also expanded the range of ATE applications.
Significant technological advances, coupled with design complexity and the need for adequate testing, are expected to drive the market. Increasing advancement in semiconductor manufacturing processes and expansion of wireless networks in developing countries are expected to significantly drive the growth of the ATE Market in the coming years.