Semiconductor Test Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Semiconductor Test Equipment Market is Segmented by Type of Product (Semiconductor Automated Test Equipment [ATE], Burn-In Systems, Handler Equipment, Probe Equipment, Optical Inspection Systems, and Other Equipment Categories) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The Market Sizes and Forecasts are Provided Regarding Value (USD) for all the Above Segments.

Semiconductor Test Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Semiconductor Test Equipment Market Size

Semiconductor Test Equipment Market Summary
Study Period 2022 - 2030
Market Size (2025) USD 15.11 Billion
Market Size (2030) USD 20.42 Billion
CAGR (2025 - 2030) 6.20 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Semiconductor Test Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Semiconductor Test Equipment Market Analysis

The Semiconductor Test Equipment Market size is estimated at USD 15.11 billion in 2025, and is expected to reach USD 20.42 billion by 2030, at a CAGR of 6.2% during the forecast period (2025-2030).

  • The semiconductor test equipment market is expected to grow due to technological advancements such as AI, HPC, 5G, and automated vehicles. Further, the technological advancement in chip technology and growing production of 3nm and 5nm semiconductor chips create a huge demand for efficient test equipment to test small process geometrics.
  • As next-generation devices are designed with smaller chips, Apple announced it would use 3nm technology in iPhone 15 Pro/Ultra; such developments drive market growth. Testing semiconductors with 5nm or smaller process nodes is challenging. Manufacturers focus on developing new and advanced test solutions that ensure the best yield, quality, and control costs.
  • The government's efforts to increase in-house production and investment by leading semiconductor fabs will increase semiconductor production, which will likely foster the market for testing equipment. For instance, in February 2024, the Government of India approved three semiconductor units for the development of semiconductor and display manufacturing ecosystems in India.
  • The rising utilization of electronic components in automobile navigation, safety systems, and infotainment also plays a significant role in propelling the growth of semiconductor testing equipment. Moreover, the increasing demand for semiconductors in consumer electronics like smartphones, tablets, and laptops/PCs is anticipated to be a key driver in this market. Moreover, the semiconductor test equipment market is expected to benefit from the increasing adoption of internet-of-things (IoT) in different industrial sectors.
  • The high cost of advanced testing equipment restricts market growth. With the introduction of advanced chip technology, testing equipment was upgraded to include the latest technology, increasing the equipment cost. Further, stringent government regulations related to semiconductor equipment facilitate market growth.
  • Also, the crisis in Ukraine is the latest obstacle to arise, and it can cause significant disruptions in various manufacturing sectors such as high-tech, automotive, consumer electronics, and household appliances. This could have far-reaching consequences for the industry as a whole. Russia and Ukraine play crucial roles in the global semiconductor supply chain, supplying essential materials such as palladium and neon, vital for producing silicon wafers used in modern devices and equipment. The suspended semiconductor production significantly impacts the sales of testing equipment. The ongoing dispute between the US and China will significantly impact the market growth as China is the major consumer electronics market in the world. However, it largely depends on other countries for advanced semiconductor equipment.

Semiconductor Test Equipment Industry Overview

The semiconductor test equipment market is semi-consolidated and dominated by leading vendors such as Advantest Corporation, Teradyne, Inc., Cohu Inc., Tokyo Electron Limited, HCT Co. Ltd, and Tokyo Seimitsu Co. Ltd. Companies continuously focus on enhancing their market presence by launching new products, expanding their operations, or entering strategic mergers and acquisitions, partnerships, and collaborations.

  • February 2024 - Cohu Inc. announced that the Sense+ system, Cohu's recent MEMS test solution portfolio product, was selected by the United States fabless semiconductor manufacturer with µ-sense to test their next-generation high-fidelity microphones.
  • December 2023 - Advantest Corporation launched ACS Real-time Data Infrastructure (RTDI) to enhance AI, ML, and data analytics decision-making in a single, integrated platform. The new infrastructure securely gathers, processes, analyzes, and monitors test data to enable customers to automate the procedure of converting insights into actionable test decisions. This helps consumers and partners optimize quality, reduce test time, and enhance smart packaging.

Semiconductor Test Equipment Market Leaders

  1. Advantest Corporation

  2. Tokyo Electron Limited

  3. Teradyne, Inc.

  4. Cohu, Inc.

  5. Tokyo Seimitsu Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Semiconductor Test Equipment Market Concentration
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Semiconductor Test Equipment Market News

  • November 2023: Teradyne Inc. and Technoprobe SpA announced a strategic partnership to accelerate growth and offer higher-performance semiconductor test interfaces. As part of the partnership, Teradyne aims to make a USD 516 million equity investment in Technoprobe. Also, Teradyne's Device Interface Solutions (DIS) business will be acquired by Technoprobe for USD 85 million.
  • October 2023: Cohu Inc. acquired Equiptest Engineering, a provider of semiconductor test contactors and other consumables. EQT will enhance Cohu’s manufacturing expertise and complex machining capabilities and expand customer presence and engineering capacity.

Semiconductor Test Equipment Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Threat of New Entrants
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Bargaining Power of Suppliers
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Technological Overview of Equipment Categories
  • 4.4 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Proliferation of Artificial Intelligence, IoT, and Connected Devices across Industry Verticals
    • 5.1.2 Increased Applications of Semiconductors in Automotive
  • 5.2 Market Challenges
    • 5.2.1 Supply Chain Disruptions Resulting in Semiconductor Shortage
    • 5.2.2 Dynamic Nature of Technologies Requires Several Changes in Equipment

6. MARKET SEGMENTATION

  • 6.1 By Type of Product
    • 6.1.1 Semiconductor Automated Test Equipment (ATE)
    • 6.1.2 Burn-in Systems
    • 6.1.3 Handler Equipment
    • 6.1.4 Probe Equipment
    • 6.1.5 Optical Inspection Systems
    • 6.1.6 Other Equipment Categories
  • 6.2 By Geography***
    • 6.2.1 North America
    • 6.2.2 Europe
    • 6.2.3 Asia
    • 6.2.4 Australia and New Zealand
    • 6.2.5 Middle East and Africa
    • 6.2.6 Latin America

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles*
    • 7.1.1 Advantest Corporation
    • 7.1.2 Tokyo Electron Limited
    • 7.1.3 Teradyne Inc.
    • 7.1.4 Cohu Inc.
    • 7.1.5 HCT Co. Ltd
    • 7.1.6 Tokyo Seimitsu Co. Ltd
    • 7.1.7 National Instruments
    • 7.1.8 Astronics Corporation
    • 7.1.9 TESEC Inc.
    • 7.1.10 Chroma ATE Inc.

8. VENDOR SHARE ANALYSIS

9. MARKET OUTLOOK

**Subject to Availability
***In the final report, Asia, Australia, and New Zealand will be studied together as 'Asia-Pacific'
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Semiconductor Test Equipment Industry Segmentation

Semiconductor testing equipment ensures the reliability, quality, and performance of semiconductor devices. Equipment types include semiconductor automated test equipment, burn-in systems, handler equipment, probe equipment, and optical inspection systems.

The semiconductor test equipment market is segmented by type of product (semiconductor automated test equipment [ATE], burn-in systems, handler equipment, probe equipment, optical inspection systems, and other equipment categories) and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The market sizes and forecasts regarding value (USD) for all the above segments are provided.

By Type of Product Semiconductor Automated Test Equipment (ATE)
Burn-in Systems
Handler Equipment
Probe Equipment
Optical Inspection Systems
Other Equipment Categories
By Geography*** North America
Europe
Asia
Australia and New Zealand
Middle East and Africa
Latin America
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Semiconductor Test Equipment Market Research FAQs

How big is the Semiconductor Test Equipment Market?

The Semiconductor Test Equipment Market size is expected to reach USD 15.11 billion in 2025 and grow at a CAGR of 6.20% to reach USD 20.42 billion by 2030.

What is the current Semiconductor Test Equipment Market size?

In 2025, the Semiconductor Test Equipment Market size is expected to reach USD 15.11 billion.

Who are the key players in Semiconductor Test Equipment Market?

Advantest Corporation, Tokyo Electron Limited, Teradyne, Inc., Cohu, Inc. and Tokyo Seimitsu Co., Ltd. are the major companies operating in the Semiconductor Test Equipment Market.

Which is the fastest growing region in Semiconductor Test Equipment Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Semiconductor Test Equipment Market?

In 2025, the Asia Pacific accounts for the largest market share in Semiconductor Test Equipment Market.

What years does this Semiconductor Test Equipment Market cover, and what was the market size in 2024?

In 2024, the Semiconductor Test Equipment Market size was estimated at USD 14.17 billion. The report covers the Semiconductor Test Equipment Market historical market size for years: 2022, 2023 and 2024. The report also forecasts the Semiconductor Test Equipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Semiconductor Test Equipment Industry Report

Statistics for the 2025 Semiconductor Test Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Semiconductor Test Equipment analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.