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
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)
North America Automated Test Equipment, End-User Outlook (Revenue - USD Billion, 2019 - 2032)
North America Automated Test Equipment, Country Outlook (Revenue - USD Billion, 2019 - 2032)
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 |
Report customization as per your requirements concerning countries, regions, and segmentation. |
For Specific Research Requirements |