Automated test equipment market

The Automated Test Equipment Market was valued at USD 7.26 billion in 2022, and it is projected to achieve a market size of USD 9.49 billion by 2030, with a compound annual growth rate (CAGR) of 3.4% expected over the forecast period from 2023 to 2030, according to a report recently released by SNS Insider.

The need for automated test equipment systems is being driven by the increased adoption of 5G and IOT across various industries. Growth is fuelled by governments implementing 5G connections and businesses incorporating loT technology for convenient operations. The increasing number of people living in cities and the quicker pace of 5G deployments are driving up demand for automated testing apparatus.

Market Growth Factors
Computer-controlled systems used to conduct various tests and measurements on electronic devices during the manufacturing and development processes are referred to as Automated Test Equipment (ATE). In order to guarantee the dependability, quality, and functionality of circuit boards, electronic parts, and entire systems, ATE is essential. By automating the testing process, these systems lower human error rates and boost productivity.

CT Bureau