Market Size of North America Automated Test Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.05 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Automated Test Equipment Market Analysis
The North America Automated Test Equipment market is expected to register a CAGR of 3.05% over the forecast period (2021 - 2026). The COVID-19 pandemic has had a negative impact on many markets, including the Automated Test Equipment market(ATE). Because of the strict lockdowns imposed due to the virus's quick spread, the ATE market suffered in terms of output. In terms of demand, the IT & Telecom segment's regulated demand, particularly in the other half of 2020, maintained the market for ATE goods afloat in 2020. Working remotely has resulted in increased demand for connectivity and IT products, which has boosted the demand for automated test equipment.
- In the coming years, the expanding usage of highly integrated electronic components such as System on Chip (SoC) and FPGAs and the high demand for consumer electronics will drive the ATE industry forward. Furthermore, the shrinking and complexity of today's electronic components will increase the scope of ATE applications.
- Several North American governments are implementing new track inspection criteria to increase the operational efficiency of railway activities. For instance, in August 2020, the U.S. Department of Transportation's (DoT's) Federal Railroad Administration (FRA) presented to the Federal Register a final rule stating the use of ultrasonic inspection technology enabling railroads to perform continuous rail testing activities, which updated with GPS technology.
- The rapid advancements in semiconductor manufacturing processes, together with the rise of connected devices in the nations and the growth of the Internet of Things network, will propel the automated test equipment market forward for the forecasted period.
- When a project expands, the regression testing becomes uncontrolled-the pressure to handle the current functionality changes, previous working functionality checks, and bug tracking.
