Growing Need for High-Speed Testing Capabilities Drives Europe Automated Test Equipment Market
In a highly competitive scenario, the time-to-market of any product plays an extremely critical role. Less time-to-market for the product creates a higher possibility for the company to take a competitive advantage in the market. Product testing consumes an excessive amount of time and resources, slowing new product launch time in the market. Traditional technician-on-the-bench testing takes up to two weeks to fully characterize a product, including an RF power amplifier (PA), which makes it a long, tedious, and repetitive process. It's costly, as the cost of workforce and the cost of lost opportunity results in a loss of efficiency, loss of profit, and higher product pricing.Product and price differentiations have narrowed down in recent times. In such a scenario, the companies look for other factors that can lead to higher customer attractiveness in the market. Therefore, product companies strive for less time-to-market for the products. Identification of anomalies at the initial stages allows for quicker actions to be taken and further leads to cost savings.
During earlier times, the testing of devices was done manually, which is largely inefficient and incapable of handling the current volumes of demand. These manual testing methods were also very faulty and slow. Growing populations across the globe, coupled with growing middle-class incomes and the spending capacities of individuals, have resulted in rising demands for products across various industry verticals. Growing pressures for economies of scale while manufacturing, aided by the rising spending capacities of individuals, would drive the ATE integrations in the semiconductor industry.
Europe Automated Test Equipment Market Overview
Prominent manufacturing businesses in European countries include aerospace, machinery and equipment, automotive, shipbuilding, and military vehicles. The automotive industry contributes significantly to the GDP of several countries in the European Union (EU). Europe is the leading producer of motor vehicles with the presence of several premium automotive manufacturers, including General Motors, Ford, Jeep, Chevrolet, Toyota, Nissan, and Stellantis. The automotive industry in Europe represents the largest R&D investments, including the contributions of both private and government industries. As per the European Automobile Manufacturers' Association (ACEA), 8,61,062 units of new cars were registered in Europe as of September 2023. The region has nearly 300 vehicle manufacturing and assembly facilities across ~26 countries.According to the ACEA, manufacturing facilities in the EU accounted for 19.2% of the total cars manufactured in the world in 2022. Germany holds a significant share of 30% of the automotive market in the region. Major car manufacturers such as VW, BMW, Opel, Daimler AG, and Audi have a noticeable presence in the country. On average, Germany produces ~6 million passenger and commercial vehicles every year.
The robust automobile industry, especially the presence of major premium car manufacturers, is anticipated to drive the automated test equipment market in Europe. The European Union are planning to invest US$ 1.9 billion to deploy 2.7 million public charging points by 2030. The investments were made to encourage the use of EVs as an eco-friendly solution. Thus, the subsequently rising investments in electric car battery manufacturing are expected to bolster the automated test equipment market in Europe in the coming years.
Europe Automated Test Equipment Market Revenue and Forecast to 2030 (US$ Million)
Europe Automated Test Equipment Market Segmentation
The Europe automated test equipment market is categorized into type, component, end user, and country.Based on type, the Europe automated test equipment market is segmented into integrated circuits (ICs) testing, printed circuit boards (PCBs) testing, hard disk drives (HDDs) testing, and others. The integrated circuits (ICs) testing segment held the largest market share in 2022.
In terms of component, the Europe automated test equipment market is categorized into industrial PCs, mass interconnect, and handler/prober. The industrial PCs segment held the largest market share in 2022.
By end user, the Europe automated test equipment market is segmented into consumer electronics, automotive, medical, aerospace & defense, IT & telecommunication, and other industries. The consumer electronics segment held the largest market share in 2022.
By country, the Europe automated test equipment market is segmented into Germany, France, the UK, Italy, the Netherlands, and the Rest of Europe. Germany dominated the Europe automated test equipment market share in 2022.
Advantest Corp; Anritsu Corp; Averna Technologies Inc; Chroma ATE Inc.; National Instruments Corp; SPEA S.p.A; Teradyne Inc; and Test Research, Inc. are among the leading companies operating in the Europe automated test equipment market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe automated test equipment market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Europe automated test equipment market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe automated test equipment market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Advantest Corp
- Anritsu Corp
- Averna Technologies Inc
- Chroma ATE Inc.
- National Instruments Corp
- SPEA S.p.A.
- Teradyne Inc
- Test Research, Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 99 |
Published | June 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1213.07 Million |
Forecasted Market Value ( USD | $ 1950.98 Million |
Compound Annual Growth Rate | 6.1% |
Regions Covered | Europe |