Market Overview:
The global chip test equipment market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for semiconductor devices in various applications such as automotive electronics, consumer electronics, communications, industrial, military, medical and aviation. Additionally, the growing demand for miniaturization and higher performance of semiconductor devices is also fueling the growth of this market. However, factors such as high initial investment and lack of skilled workforce are restraining the growth of this market. On the basis of type, wafer test equipment held a major share in 2017 and is expected to continue its dominance during the forecast period. This can be attributed to its ability to test multiple dies on a single wafer simultaneously which helps reduce manufacturing time and cost. On the basis of application, automotive electronics held a major share in 2017 and is expected to continue its dominance duringthe forecast period dueto increasing demand for advanced safety featuresin automobiles .
Product Definition:
Chip Test Equipment is a type of equipment used to test integrated circuits (chips). It is important for ensuring that chips meet the required specifications.
Wafer Test Equipment:
Wafer test equipment is used to test the performance and reliability of semiconductor devices. The growth factor in the market for wafer test equipment is high demand from end-use industries such as consumer electronics, telecommunication, automotive and healthcare among others. Growing demand for integrated circuits (IC) has led to a surge in testing activities which include testing of fabrication processes as well as quality control tests on finished goods.
Packaged Device Test Equipment:
Packaged device test equipment is used in chip test equipment market for the purpose of testing packaged devices such as integrated circuits. It comprises of a set of instruments that are used to monitor and detect faults in semiconductor chips during manufacturing processes. These fault detectors help manufacturers to fix any problems that may arise in the future, which may lead to product failure.
The major functions performed by packaged device test equipment include power supply integrity testing, thermal stability testing, functional integrity testing.
Application Insights:
The application segment is segregated into seven sub-segments, namely automotive electronics, consumer electronics, communications, industrial, military & aerospace medical aviation other. The automotive electronics segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to growing usage of IC test equipment in various stages of development for testing VLSI chips and SoC integrated circuits. Moreover, increasing demand for automated test systems that are used across multiple applications such as infotainment systems and safety features is also propelling growth.
The consumer electronics segment was valued at USD 1.5 billion in 2017 owing to rising demand from countries such as China Japan South Korea Australia New Zealand Mexico Brazil etc., where advanced technology products are preferred over basic electronic appliances due to high disposable income levels coupled with a growing preference towards miniaturization of devices including smartphones tablets laptops etc.
Regional Analysis:
Asia Pacific dominated the global chip test equipment market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for testing solutions from end-users such as automotive, communication, consumer electronics and others. Furthermore, rising investments by key players in China are anticipated to drive regional growth over the next eight years.
The Asia Pacific region is characterized by a large number of semiconductor manufacturing companies that are involved in various stages of development from raw material procurement to product design and fabrication.
Growth Factors:
- Increasing demand for miniaturization in electronic products
- Growing popularity of semiconductor testing services
- Proliferation of portable devices and the need for smaller, more energy-efficient chips
- Rising demand from automotive and medical industries
- Advances in chip technology that require new or upgraded test equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Chip Test Equipment Market Research Report
By Type
Wafer Test Equipment, Packaged Device Test Equipment
By Application
Automotive Electronics, Consumer Electronics, Communications, Industrial, Military, Medical, Aviation, Others
By Companies
Teradyne, Advantest, LTX-Credence, Cohu, Astronics, Chroma, SPEA, Averna, Shibasoku, ChangChuan, Macrotest, Huafeng
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Chip Test Equipment Market Report Segments:
The global Chip Test Equipment market is segmented on the basis of:
Types
Wafer Test Equipment, Packaged Device Test Equipment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Electronics, Consumer Electronics, Communications, Industrial, Military, Medical, Aviation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Teradyne
- Advantest
- LTX-Credence
- Cohu
- Astronics
- Chroma
- SPEA
- Averna
- Shibasoku
- ChangChuan
- Macrotest
- Huafeng
Highlights of The Chip Test Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wafer Test Equipment
- Packaged Device Test Equipment
- By Application:
- Automotive Electronics
- Consumer Electronics
- Communications
- Industrial
- Military
- Medical
- Aviation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chip Test Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Chip test equipment is a type of testing equipment used to measure the performance of semiconductor chips.
Some of the key players operating in the chip test equipment market are Teradyne, Advantest, LTX-Credence, Cohu, Astronics, Chroma, SPEA, Averna, Shibasoku, ChangChuan, Macrotest, Huafeng.
The chip test equipment market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chip Test Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chip Test Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chip Test Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chip Test Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chip Test Equipment Market Size & Forecast, 2018-2028
4.5.1 Chip Test Equipment Market Size and Y-o-Y Growth
4.5.2 Chip Test Equipment Market Absolute $ Opportunity
Chapter 5 Global Chip Test Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Chip Test Equipment Market Size Forecast by Type
5.2.1 Wafer Test Equipment
5.2.2 Packaged Device Test Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Chip Test Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Chip Test Equipment Market Size Forecast by Applications
6.2.1 Automotive Electronics
6.2.2 Consumer Electronics
6.2.3 Communications
6.2.4 Industrial
6.2.5 Military
6.2.6 Medical
6.2.7 Aviation
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chip Test Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chip Test Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Chip Test Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Chip Test Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Chip Test Equipment Market Size Forecast by Type
9.6.1 Wafer Test Equipment
9.6.2 Packaged Device Test Equipment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Chip Test Equipment Market Size Forecast by Applications
9.10.1 Automotive Electronics
9.10.2 Consumer Electronics
9.10.3 Communications
9.10.4 Industrial
9.10.5 Military
9.10.6 Medical
9.10.7 Aviation
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Chip Test Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Chip Test Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Chip Test Equipment Market Size Forecast by Type
10.6.1 Wafer Test Equipment
10.6.2 Packaged Device Test Equipment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Chip Test Equipment Market Size Forecast by Applications
10.10.1 Automotive Electronics
10.10.2 Consumer Electronics
10.10.3 Communications
10.10.4 Industrial
10.10.5 Military
10.10.6 Medical
10.10.7 Aviation
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Chip Test Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Chip Test Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Chip Test Equipment Market Size Forecast by Type
11.6.1 Wafer Test Equipment
11.6.2 Packaged Device Test Equipment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Chip Test Equipment Market Size Forecast by Applications
11.10.1 Automotive Electronics
11.10.2 Consumer Electronics
11.10.3 Communications
11.10.4 Industrial
11.10.5 Military
11.10.6 Medical
11.10.7 Aviation
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Chip Test Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Chip Test Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Chip Test Equipment Market Size Forecast by Type
12.6.1 Wafer Test Equipment
12.6.2 Packaged Device Test Equipment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Chip Test Equipment Market Size Forecast by Applications
12.10.1 Automotive Electronics
12.10.2 Consumer Electronics
12.10.3 Communications
12.10.4 Industrial
12.10.5 Military
12.10.6 Medical
12.10.7 Aviation
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Chip Test Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Chip Test Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Chip Test Equipment Market Size Forecast by Type
13.6.1 Wafer Test Equipment
13.6.2 Packaged Device Test Equipment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Chip Test Equipment Market Size Forecast by Applications
13.10.1 Automotive Electronics
13.10.2 Consumer Electronics
13.10.3 Communications
13.10.4 Industrial
13.10.5 Military
13.10.6 Medical
13.10.7 Aviation
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chip Test Equipment Market: Competitive Dashboard
14.2 Global Chip Test Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Teradyne
14.3.2 Advantest
14.3.3 LTX-Credence
14.3.4 Cohu
14.3.5 Astronics
14.3.6 Chroma
14.3.7 SPEA
14.3.8 Averna
14.3.9 Shibasoku
14.3.10 ChangChuan
14.3.11 Macrotest
14.3.12 Huafeng
