Semiconductor Automatic Test Equipment Market Summary
Semiconductor Automated Test Equipment (ATE) is specialized machinery used in the semiconductor manufacturing process to test and validate the functionality of semiconductor devices such as integrated circuits (ICs) and microprocessors. The primary purpose of ATE is to ensure that semiconductor devices meet the specified performance and quality standards before they are integrated into electronic products.
According to the new market research report “Global Semiconductor Automatic Test Equipment Market Report 2023-2030”, published by QYResearch, the global Semiconductor Automatic Test Equipment market size is projected to reach USD 8.97 billion by 2030, at a CAGR of 7.2% during the forecast period.
Figure. Global Semiconductor Automatic Test Equipment Market Size (US$ Million), 2019-2030
Above data is based on report from QYResearch: Global Semiconductor Automatic Test Equipment Market Report 2023-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
Figure. Global Semiconductor Automatic Test Equipment Top 13 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Above data is based on report from QYResearch: Global Semiconductor Automatic Test Equipment Market Report 2023-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of Semiconductor Automatic Test Equipment include Advantest, Teradyne, Cohu, Tokyo Seimitsu, Hangzhou Changchuan Technology, TEL, Beijing Huafeng Test & Control Technology, Hon Precision, Chroma, SPEA, etc. In 2023, the global top five players had a share approximately 85.0% in terms of revenue.
Figure. Semiconductor Automatic Test Equipment, Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Semiconductor Automatic Test Equipment Market Report 2023-2030.
In terms of product type, Non-memory ATE is the largest segment, hold a share of 79.2%,
Figure. Semiconductor Automatic Test Equipment, Global Market Size, Split by Application Segment
Based on or includes research from QYResearch: Global Semiconductor Automatic Test Equipment Market Report 2023-2030.
In terms of product application, IT& Telecommunications is the largest application, hold a share of 25.3%,
Figure. Semiconductor Automatic Test Equipment, Global Market Size, Split by Region
Based on or includes research from QYResearch: Global Semiconductor Automatic Test Equipment Market Report 2023-2030.
Market Drivers:
D1: Downstream demand grows rapidly. The global market for Semiconductor was estimated at US$ 579.89 billion in the year 2022, is projected to grow from US$ 556.17 billion in 2023 to US$ 790.28 billion by 2029, growing at a CAGR of 6.03% during the forecast period 2023-2029. The global semiconductor market slowed to 4.4% growth in 2022 following a strong growth of 26.15% in the year 2021, followed by a decline of 4.1% in 2023.
Although some major categories are still double-digit year-over-year growth in 2022, led by Analog with 20.76%, Sensor with 16.31%, and Logic with 14.46% growth, Memory declined with 12.64% year over year.
The factors that caused the market to decline were not the same. Since 2022, the external and internal environment of the global semiconductor industry has undergone profound changes. On the one hand, the global economy has entered a macro cycle in which the total growth rate slows down. Under the influence of factors such as the COVID-19, inflation, and geopolitical conflicts, global economic growth is facing greater pressure, resulting in a serious lack of downstream consumption motivation; On the other hand, after a period of accelerated consumption in the semiconductor market, the industry has entered a stage of gradually balancing the overall supply and demand. Under the superimposed influence of external and internal dual cycles, the global semiconductor market will inevitably decline in 2023.
D2: Government policy support. The integrated circuit industry is a basic, key and strategic industry in the national economy. As one of the foundation and core industries of the modern information industry, it plays an important role in ensuring national security. It is a measure of the degree of modernization of a country or region. Different countries have formulated a number of guiding policies and target plans to support the development of the integrated circuit industry.
D3: New application markets such as the Internet of Things, big data, artificial intelligence, 5G communications, and automotive electronics have brought huge incremental demand for chips, providing greater market space for semiconductor automated test system companies.
Restraint:
R1: Capital Investment: Semiconductor ATE systems involve significant capital investment for both the equipment itself and the required infrastructure. The sophisticated testing equipment, including automated handlers, testers, and associated software, can be expensive.
R2: Economic Factors: Economic downturns or fluctuations in the semiconductor market can impact the overall budget allocated for capital expenditures, including ATE systems. During challenging economic periods, semiconductor manufacturers may delay or reconsider investments in costly testing equipment.
Trends:
T1: Factors such as declining demand, U.S.-China trade disputes and COVID-19 have led to an accelerated decline in the global semiconductor industry. However, in the future, with the increase in demand for new energy vehicles, machine learning and artificial intelligence, big data, 5G, and memory chips in industrial applications, the semiconductor industry will continue to grow. These factors provide new opportunities for the development of the semiconductor market scale. New corporate investment will lead to more semiconductor production and innovation, which will help avoid future semiconductor shortages and ensure that the industry can meet the growing demand of industries such as automobiles, data storage and wireless connectivity. The long-term outlook for the semiconductor industry remains positive, especially in the post-epidemic era.
T2: The market development of leading semiconductor countries has been relatively stable, but for developing countries, such as the Middle East, Latin America and Africa, the current market penetration is low.
In the future, the market may still be concentrated in regions such as China, Taiwan, South Korea, Japan, the United States, Southeast Asia and Europe.
In recent years, the Chinese and Southeast Asian markets have achieved rapid growth. The U.S.-China strategic rivalry that has led to escalating tensions in the Taiwan Strait also means companies are looking to diversify away from Taiwan by building new factories overseas, including in Southeast Asia. TSMC is building new plants in the US and Japan, but is also reportedly considering building a plant in Singapore. The technological competition between China and the United States is both good and bad for Southeast Asian countries with a large chip industry. U.S. policies restricting China's semiconductor industry mean companies in the industry are looking to expand beyond China.
T3: Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies.
T4: The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, user-friendly interfaces, value-added benefits, and service portfolios. During the forecast period, we expect this competition to intensify with an increase in product extensions.
T5: The global market for Automatic Test Equipment (ATE) is dominated by a few large vendors having substantial budgets for research and development of new technologies and innovative products. Companies such as Advantest, Teradyne, Cohu and Tokyo Seimitsu command prominent positions in the global market owing to their strong geographic presence, excellent distribution networks, and the financial power to acquire developers across the globe.
About the Authors
| Wei Qin |
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| Lead Author | |||
| Semiconductor and Electronics Email: qinwei@qyresearch.com |
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About QYResearch
QYResearch founded in California, USA in 2007. It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.