During the projected period, the global Automated Test Equipment market is anticipated to expand at a compound annual growth rate (CAGR) of 3.6% from its 2022 valuation of USD 7.55 billion. An automated test apparatus (ATE) is a computer-controlled system that is used to test and assess electronic systems, parts, and gadgets.

The market's expansion is driven by the consumer electronics industry's increasing need for this equipment as well as the notable manufacturing time savings that result from its utilization. Furthermore, throughout the projection period, the government's initiatives to support the semiconductor sector will open up new avenues for market growth.