North America Automated Test Equipment Market $7.01 Billion By 2032, CAGR: 7.5%

North America Automated Test Equipment Market Size Worth USD 7.01 Billion By 2032 | CAGR: 7.5%


The North America Automated Test Equipment market size is expected to reach USD 7.01 Billion by 2032, according to a new study by Polaris Market Research. The report “North America Automated Test Equipment Market Share, Size, Trends, Industry Analysis Report, By Type (Non-Memory ATE, Memory ATE, Discrete); By End-User; By Country; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The automated test equipment market in North America is anticipated to expand significantly owing to rising demand for elements that reduce costs and save time. The use of advanced machinery that operates on high-speed networks and exhibits autonomy is contributing to the use of faster testing methods, particularly through automated test equipment. This expansion is directly related to the expansion of component markets such as cloud computing, AI, and ML.

The growing number of new connected devices, combined with increased 5G network penetration, is accelerating the adoption of IoT services in the North American region. Advanced manufacturing units, fueled by advanced research, have thrived in the automated test equipment market. These ATE units offer cost-effective and time-saving opportunities to manufacturing units, increasing their efficiency.

The ATE industry is anticipated to rise in the forecast period, driven by the increasing use of favorably integrated electronic components such as FPGAs and System on Chip (SoC), as well as expanded demand for consumer electronics. Also, the surging intricacy and declining size of modern electronic components will enlarge the range of applications for Automated Test Equipment.

Many North American governments are implementing updated track inspection standards to improve railway operational efficiency. For instance, the final rule presented by the Federal Railroad Administration (FRA) of the United States Department of Transportation (DoT) in August 2020. This rule advocates for the use of ultrasonic inspection technology combined with GPS technology, allowing railroads to conduct continuous rail testing.

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The growing demand for ATE in the semiconductor industry, driven by continuous advancements in semiconductor technology and the increasing complexity of integrated circuits. The need for efficient testing solutions to ensure the reliability and performance of electronic components was a major factor driving market growth. In addition, there was a shift toward the use of modular and flexible ATE solutions to meet the changing testing needs of various industries.

North America Automated Test Equipment Market Report Highlights

  • In 2023, the non-memory segment accounted for the largest revenue share in the north america automated test equipment market. The introduction of IoT devices and self-driving vehicles has resulted in a significant shift in market dynamics. The need to create flawless devices has increased demand for automated test equipment in the defense and aerospace sectors.
  • The automotive segment held the largest revenue share in the north america automated test equipment market in 2023. The rising prevalence of advanced driver assistance systems (ADAS) in vehicles and rising market demand for electric and hybrid vehicles are the primary drivers of revenue growth in the automotive sector.
  • U.S. emerged as the dominant market in the north america automated test equipment market. The semiconductor sector in the United States is thriving, thanks to influential contributors and technological breakthroughs that fuel innovation. Furthermore, the increasing integration of cutting-edge technologies such as 5G, the Internet of Things (IoT), and artificial intelligence in various industries creates a demand for sophisticated Automated Test Equipment (ATE) solutions. Furthermore, stringent regulations and quality and safety standards in industries such as automotive, aerospace, and defense contribute to the need for robust testing infrastructure.
  • The key market players include Aeroflex, Inc., Chroma ATE Inc., Danaher Corporation, LTX-Credence Corporation, National Instruments Corporation, Roos Instruments, Inc., STAr Technologies, Inc., Teradyne, Inc., Virginia Panel Corporation, Xcerra Corporation.

Polaris Market Research has segmented the North America Automated Test Equipment market report based on type end-user, and country:

North America Automated Test Equipment, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Non-Memory ATE
  • Memory ATE
  • Discrete

North America Automated Test Equipment, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

  • Automotive
  • Aerospace & Defense
  • Consumer
  • IT & Telecommunications
  • Others

North America Automated Test Equipment, Country Outlook (Revenue - USD Billion, 2019 - 2032)

  • U.S.
  • Canada

North America Automated Test Equipment Market Report Scope

Report Attributes

Details

Market Size Value in 2024

USD 3.94 Billion

Revenue Forecast in 2032

USD 7.01 Billion

CAGR

7.5% from 2024 – 2032

Base Year

2023

Historical Data

2019 – 2022

Forecast Period

2024 – 2032

Quantitative Units

Revenue in USD Billion, and CAGR from 2024 to 2032

Segments Covered

By Type, By End-User, By Country

Country Scope

U.S., Canada

Customization

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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