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Automated Test Equipment (ATE) Market size is set to grow by USD 1.84 billion from 2024-2028, Augmented production of electronic goods boost the market, Technavio

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NEW YORK, Aug. 20, 2024 /PRNewswire/ — The global automated test equipment (ATE) market size is estimated to grow by USD 1.84 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 4.36%  during the forecast period. Augmented production of electronic goods is driving market growth, with a trend towards automotive wireless technologies. However, necessity for price-sensitive and multiple technology solutions  poses a challenge. Key market players include Advantest Corp., ADVINT LLC, Aemulus Holdings Bhd, Aimil Ltd., Anritsu Corp., Astronics Corp., Averna Technologies Inc., BAE Systems Plc, Chroma ATE Inc., Cobham Ltd., Cohu Inc., INNOTECH Corp., Keysight Technologies Inc., National Instruments Corp., Rohde and Schwarz GmbH and Co. KG, ROOS INSTRUMENTS Inc., SPEA Spa, Teradyne Inc., TESEC Inc., and The Marvin Group.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Automated Test Equipment (ATE) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.36%

Market growth 2024-2028

USD 1841.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.11

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 36%

Key countries

US, China, Japan, Germany, and South Korea

Key companies profiled

Advantest Corp., ADVINT LLC, Aemulus Holdings Bhd, Aimil Ltd., Anritsu Corp., Astronics Corp., Averna Technologies Inc., BAE Systems Plc, Chroma ATE Inc., Cobham Ltd., Cohu Inc., INNOTECH Corp., Keysight Technologies Inc., National Instruments Corp., Rohde and Schwarz GmbH and Co. KG, ROOS INSTRUMENTS Inc., SPEA Spa, Teradyne Inc., TESEC Inc., and The Marvin Group

Market Driver

The automotive industry is experiencing significant transformation as vehicles become more technologically advanced, featuring the latest electronic devices for enhanced performance and entertainment. European manufacturers are at the forefront of this innovation, integrating cellular technologies for emergency alerts and advanced GPS systems with internet connectivity. Developed markets like the US and Germany are recovering from the global recession, leading to increased sales of fuel-efficient, technologically advanced cars. These vehicles incorporate advanced systems such as MOST150 and Broad R-Reach Ethernet, driving the demand for Automated Test Equipment (ATE) in the automobile sector. The growing implementation of these technologies is expected to fuel the expansion of the global ATE market throughout the forecast period. 

The Automated Test Equipment (ATE) market is thriving, particularly in the semiconductor industry. With the rise of connected devices and consumer electronics, the need for effective testing solutions is paramount. Semiconductor manufacturing companies focus on improving quality, increasing performance capability, and reducing the speed of operation for manufacturing semiconductor ICs. The penetration of smartphones and IoT devices has driven the demand for ATE in the non-memory segment. Miniaturization and design complexity require reliable testing, especially in the automotive sector with autonomous vehicles and wireless networks. Customer satisfaction, time-to-market, and product quality are key concerns for semiconductor manufacturers. ATE plays a crucial role in meeting consumer demands and economies of scale. Companies like Aemulus Corporation provide end-to-end testing solutions for physical characteristics, testing efficiency, and reliability. The semiconductor chip manufacturing process benefits from ATE in various verticals, including automotive, aerospace & defense, healthcare, IT & telecommunication, and entertainment. Effective testing ensures semiconductor devices meet performance requirements and maintain profit margins. Low testing costs are essential to stay competitive in this dynamic market. 

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Market Challenges

The Automated Test Equipment (ATE) market faces intense competition due to continuous technological advancements, encouraging manufacturers to invest heavily in research and development (R&D) for innovative products. However, rising raw material costs and increasing import duties from key suppliers, particularly in China, have significantly increased production costs. This has resulted in the availability of low-cost alternatives, which may compromise quality and negatively impact the brand image and profitability of international vendors. Compatibility with various technologies is a significant challenge for testing solution providers, especially for advanced smartphones with multiple radio circuits and simultaneous radio signals. Ensuring compatibility with Wi-Fi, Bluetooth, cellular Global Positioning System (GPS), and FM radio technologies, each with different bandwidths, is crucial. The growing demand for constant product development, high brand image, after-sales services, and continuous product support further adds to the overall cost of test equipment. These factors may restrict new investments in the global ATE market by price-sensitive end-users during the forecast period.The Automated Test Equipment (ATE) market faces significant challenges in various industries, particularly in wireless networks and semiconductor IC manufacturing. Semiconductor devices, such as chips in smartphones and IoT devices, require rigorous reliability testing for physical characteristics and functionality. Semiconductor manufacturers strive for economies of scale to meet consumer demands and reduce profit margins. ATE plays a crucial role in semiconductor chip manufacturing, testing efficiency, and product quality. Wireless networks and verticals like automotive, aerospace & defense, healthcare, IT & telecommunication, entertainment, and e-commerce demand advanced testing solutions for their unique requirements. Non-memory ATE segment is gaining traction due to the increasing production of semiconductor chips using advanced fabrication technologies. Customer satisfaction, time-to-market, and low testing costs are essential factors driving the ATE market growth. Companies like Aemulus Corporation are addressing these challenges by providing innovative testing solutions to meet the evolving needs of various industries.

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Segment Overview 

This automated test equipment (ate) market report extensively covers market segmentation by  

End-user 1.1 Consumer electronics1.2 Telecommunications1.3 Aerospace and defense1.4 OthersProduct 2.1 Non-memory ATE2.2 Memory2.3 DiscreteGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Consumer electronics-  The Automated Test Equipment (ATE) market is a significant sector in the electronics industry. It provides solutions for testing and measuring the performance of various electronic devices and systems. Companies in this market offer equipment that automates repetitive tests, ensuring accuracy and consistency. The ATE market caters to various industries, including telecommunications, automotive, and consumer electronics, to name a few. Its use leads to increased productivity, reduced costs, and improved product quality. Companies invest in ATE to ensure their products meet industry standards and customer expectations.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Textile Testing Equipment Market is experiencing growth driven by increasing demand for quality assurance in the textile industry. Meanwhile, the global Laboratory Automation Systems Market is expanding rapidly, fueled by advancements in robotics and AI, enhancing efficiency and accuracy in lab operations. Additionally, the global Data Logger Market is seeing significant traction, particularly in sectors like manufacturing and environmental monitoring, due to the rising need for precise data recording and analysis. These markets are poised for robust expansion, supported by technological innovation and industry demand.

Research Analysis

The Automated Test Equipment (ATE) market plays a crucial role in the semiconductor industry by providing end-to-end testing solutions for manufacturing semiconductor ICs. With increasing design complexity and consumer demands for high-performance electronic components, ATE becomes essential for ensuring effective testing and reliability. Semiconductor manufacturing processes rely on ATE to improve quality, enhance performance capability, and increase testing efficiency. ATE systems are critical for semiconductor manufacturing companies, enabling them to meet speed of operation requirements and profit margin expectations. In the realm of wireless networks, ATE is indispensable for testing physical characteristics and performance, ensuring seamless connectivity and uninterrupted communication. Overall, ATE is a vital investment for semiconductor manufacturers, contributing significantly to the production of high-quality, reliable electronic components.

Market Research Overview

The Automated Test Equipment (ATE) market is witnessing significant growth in various industries, including semiconductor manufacturing, consumer electronics, and the automotive sector. With the increasing penetration of connected devices and the demand for quality improvement, semiconductor manufacturing companies are focusing on end-to-end testing solutions for manufacturing semiconductor ICs (Integrated Circuits) and semiconductor chips. The non-memory ATE segment is expected to grow due to the miniaturization of electronic components and design complexity. The semiconductor industry’s performance capability and speed of operation requirements are driving the need for effective testing solutions. Consumer demands for reliable semiconductor devices, such as smartphones, are also increasing the importance of ATE in semiconductor chip manufacturing. The automotive sector is another vertical where ATE is gaining traction due to the increasing use of semiconductor devices in autonomous vehicles and wireless networks. The aerospace & defense, healthcare, IT & telecommunication, entertainment, and e-commerce verticals are also adopting ATE for profit margin improvement and time-to-market reduction. ATE plays a crucial role in ensuring product quality and customer satisfaction by providing effective testing for physical characteristics, reliability, and testing efficiency. Semiconductor manufacturing processes, including fabrication technologies, are continuously evolving, making it essential for ATE to keep up with the latest trends to meet the demands of various industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userConsumer ElectronicsTelecommunicationsAerospace And DefenseOthersProductNon-memory ATEMemoryDiscreteGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Hilco Global Engaged by Stan Lee Holdings to Sell Rare & Valuable Intellectual Property Portfolio

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NEW YORK, July 24, 2026 /PRNewswire/ — Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, is pleased to announce that its IP Services practice has been engaged by Stan Lee Holdings, Ltd. (“SLH”) to sell a legendary portfolio of intellectual property developed by Stan Lee, the iconic “father of the super hero.” Known as the Omniverse Collection created by Stan Lee, the portfolio represents a treasure trove of original characters and source material developed by Stan when he was leading Marvel Comics and when he built Stan Lee Entertainment – the first super hero animation studio created for the Internet age. This rare and valuable collection of Intellectual Property encompasses dozens of compelling super heroes and stories conceived by Stan from 1999 to 2001 as well as a franchise comprising over 50 well-known characters – the only franchise of Marvel-created characters not owned by Marvel. Full details of the collection, including the individual characters, franchises, and story properties it comprises, will be released in the coming weeks.

Through this collaboration, Hilco Global will work alongside SLH and former EVP of Marvel Entertainment Shirrel Rhoades to find a new home for a body of largely underleveraged super hero and other characters, as well as world-building intellectual property. Numerous supporting  scripts, episodes, and development materials spanning Stan Lee’s career are also part of the offering.

“The Omniverse Collection created by Stan Lee is one of the most significant super hero IP offerings of the decade,” said Eric Hurwitz, Senior Director of the Hilco Global IP Services practice. “This large, diverse portfolio presents the opportunity to capitalize on untapped material with an unmatched pedigree. A buyer essentially has a blank slate to bring these characters to fans worldwide and expand on Stan Lee’s legacy. Hilco Global is thrilled to bring these assets to market, leveraging deep experience across intellectual property and media valuation, licensing, and transaction execution.”

Among the intellectual property being offered is a hidden gem; a connected entertainment universe of Stan Lee’s own creation. “This one-of-a-kind IP collection illustrates just how far ahead Stan was in understanding the future of entertainment,” observed Shirrel Rhoades, who was handpicked by Stan Lee to succeed him as publisher of Marvel. “What we’re bringing to market isn’t a collection of isolated ideas. It’s pieces of one larger vision, a living digital universe in which characters can be created, experienced, and expanded across every form of media.”

Parties can reach out to Ehurwitz@hilcoglobal.com to register interest. More information about the offering, the individual properties within the collection, and the sale process will become available soon.

About Hilco Global:  Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, and intellectual property sectors. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to transact. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com

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SOURCE Hilco Trading, LLC

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GR0 to Acquire Ultimate AI’s Deployment Division and Launch GR0 AI, Turning Brands’ Existing Customer Data Into Revenue

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The new company pairs GR0’s performance marketing distribution with Ultimate Deployment’s AI agents and customer intelligence to build AI revenue systems for DTC and ecommerce brands; in one early deployment, AI-led customer conversations were associated with more than $350,000 in sales.

LOS ANGELES, July 24, 2026 /PRNewswire/ — GR0, the Los Angeles-based digital marketing agency, today announced plans to acquire Ultimate Deployment and launch GR0 AI, a new company that builds and deploys AI revenue systems for direct-to-consumer (DTC) and ecommerce brands. GR0 AI combines GR0’s performance marketing expertise, client relationships and sales infrastructure with Ultimate Deployment’s technology and experience deploying AI agents inside operating businesses.

“AI is creating an entirely new performance channel for brands,” said Jon Zacharias, co-founder and president of GR0. “Most companies already have the traffic, customer data and demand. What they’re missing is an intelligent system that knows who to contact, what to say and when to say it. GR0 AI turns the customer signals brands already own into personalized conversations and measurable revenue.”

The approach is already producing results. In one early deployment, AI-led customer conversations were associated with more than $350,000 in sales during a period in which the brand generated approximately $1 million in total revenue. GR0 AI deployments include attribution and incrementality reporting so brands can measure both assisted and directly generated revenue.

GR0 AI deploys inside a brand’s existing commerce, CRM, email, SMS, phone and customer-data infrastructure. Its systems:

Identify and prioritize high-intent customers and prospects Personalize outreach and follow-up based on customer behavior and company data Conduct two-way conversations across messaging channels, recovering revenue from abandoned carts, dormant customers and unconverted leads Escalate complex or high-value opportunities to human sales and support teams Measure the revenue associated with AI-driven interactions

“Most brands do not have a demand problem.  They already have thousands of customers and prospects sitting inside their systems,” said Ben Ganz, founder of Ultimate Deployment. “We build the company brain, unify the data and deploy AI employees that act on that intelligence. The opportunity falls into two buckets: recover the demand a brand has already earned, and make sure no new opportunity slips through the cracks. GR0 gives us the distribution, market access and operating experience to bring this to hundreds of brands.”

Ganz has spent his career at the intersection of entertainment and technology. He began as a producer on American Idol before moving into digital leadership at Fox, then founded VEGO Pictures, a digital production and technology company that worked with major entertainment and consumer brands and served as in-house production partner to Kevin Hart’s Laugh Out Loud Network. He also co-founded a virtual events company that produced digital graduation experiences for hundreds of thousands of students during the COVID-19 pandemic.

From there, Ganz and his team moved to the frontier of consumer AI, creating what FOX News called Hollywood’s first AI interactive voice experience. They powered AI personalities for creators with a combined audience of 100 million followers and engineered the world’s first AI assembly line for replicating personalities at scale, work the Hollywood Reporter recognized as the “Real-life Her.”  Ultimate Deployment then turned that conversational AI expertise toward the enterprise, building systems that connect company knowledge, customer data, and operational software with AI agents capable of performing real, meaningful business work.

“Ben and his team have built something with the potential to become a major new revenue channel for ecommerce companies,” Zacharias said. “We have seen very few offerings create this level of excitement among sophisticated performance marketers.”

Every GR0 AI engagement begins with an intensive discovery and implementation process: the team interviews key employees, maps the company’s systems and builds a centralized intelligence layer around the business. Lead scoring and prioritization are connected to the brand’s CRM before customer-facing AI agents go live.

“The technical opportunity is clear, and our job is to make it just as clear commercially,” said Kevin Miller, founder and CEO of GR0. “A brand that works with GR0 AI will know exactly what is being installed, how quickly it goes live and what revenue it is producing.”

The acquisition is expected to close this quarter, subject to completion of definitive agreements. Financial terms were not disclosed.

Brands interested in early GR0 AI deployments can learn more at www.gr0.com.

About GR0

GR0 is a full-service digital marketing agency that helps DTC and ecommerce brands accelerate growth through data-driven performance marketing, creative strategy and emerging technology. Co-founded by Kevin Miller and Jon Zacharias, GR0 provides services across SEO, Generative Engine Optimization, paid media, email, SMS, creative, affiliate and marketplace growth, and was among the first agencies to build a dedicated GEO practice, which is recognized by VentureBeat as one of America’s premier Generative Engine Optimization agencies. GR0 is headquartered in Los Angeles. Learn more at GR0.com.

About Ultimate Deployment

Ultimate Deployment builds AI employees for growing companies. Founded by Ben Ganz, the company captures how a business operates, organizes its institutional knowledge, connects its systems and deploys AI agents that perform real operational work across sales, customer experience, marketing, finance and internal teams.

Before its enterprise focus, Ultimate Deployment’s team built consumer AI at entertainment scale, creating Hollywood’s first interactive voice experience, powering AI personalities for creators with a combined audience of 100 million followers and engineering the world’s first AI assembly line for replicating personalities’ work featured by Fox News and recognized by The Hollywood Reporter as the real-life Her.

About Ultimate AI

Ultimate AI, founded by Ben Ganz, is a holding company building AI across consumer and enterprise. It launched during the first wave of consumer generative AI as an early AI super app, bringing more than 100 AI tools and assistants into a single consumer platform that peaked within the top 10 of its Apple App Store category, according to company data. The company then expanded into creator AI, developing technology that lets public figures build interactive AI experiences around their personality, voice, knowledge and content. In 2024, Ultimate AI created Pookie Tools (widely known as the Hawk Tuah AI app), whose launch generated more than 400 million organic social media views and more than 10,000 downloads in its first seven days with no paid marketing, according to company data. It went on to develop real-time voice and personality products, including an experience Fox News described as Hollywood’s first real-time AI experience.

Ultimate Deployment, the enterprise arm that GR0 is acquiring, formed in March 2026 following the release of frontier agentic models from Anthropic and OpenAI, and applies that technology inside operating companies. It builds AI employees that capture how a business operates, unify its data and systems, and perform real operational work across sales, customer experience, marketing, finance and internal teams.

Company: GR0
Media Contact Name: GR0 Agency
Media Contact Email: press@gr0.com
Phone: +1 (310) 439-1887
Address: Los Angeles, CA, USA
Website: https://gr0.com/

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SOURCE GR0.com LLC

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Tech Mahindra and Cisco Partner to Bring AI-Driven Security Service Edge to Global Enterprises

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PUNE, India, July 24, 2026 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a partnership with Cisco to deliver an AI-driven Security Service Edge (SSE) offering for global enterprises. The joint offering will help enterprises reduce security complexity, improve visibility and control, deliver seamless user access, and strengthen resilience as they scale cloud, hybrid work, and AI adoption.

The partnership combines Tech Mahindra’s global managed services, integration, and delivery expertise with Cisco’s industry-leading Security Service Edge (SSE) platform (Cisco Secure Access) to provide unified, cloud-native security and seamless zero-trust access across users, devices, networks, and locations. For Tech Mahindra, the partnership strengthens its cybersecurity portfolio with differentiated, high-value managed security services, expands its addressable market, and accelerates pipeline growth in cloud security.

Saket Singh, SVP & Business Head – Digital Core Services (Cloud, Infrastructure, Network and Cyber Security Services), Tech Mahindra, said, “As enterprises increasingly operate in hybrid and distributed environments, security must evolve from siloed controls to unified, cloud-native platforms. Fragmented tools, inconsistent user experiences, and rising threats are creating visibility and control gaps as applications are accessed from anywhere. Through our partnership with Cisco, we are combining advanced SSE capabilities with Tech Mahindra’s managed services expertise to simplify operations, strengthen zero-trust enforcement, and deliver consistent, AI-powered protection at scale.”

By integrating a secure web gateway, cloud access security broker (CASB), zero trust network access (ZTNA), firewall-as-a-service, data loss prevention (DLP), and much more into a single platform, the offering simplifies security operations and delivers AI-powered protection. Enterprises benefit from end-to-end visibility, faster deployment, and a streamlined path to modernizing their security architecture while accelerating secure cloud adoption and cyber resilience. Additionally, as enterprises inevitably step into the agentic era, this solution provides robust and rapidly expanding protections for the use of generative AI and AI agents.

Raj Chopra, SVP & Chief Product Officer, Cisco Security Business Group, said, “Enterprises don’t need another tool to stitch into an already complex security stack. They need a simpler way to secure how work actually happens across users, devices, applications, clouds, and increasingly AI agents. Cisco Secure Access brings zero trust, identity context, and AI-powered protection into one cloud-delivered platform, helping teams enforce policy consistently while giving users seamless access from anywhere. Together with Tech Mahindra’s global managed services and integration expertise, we can help organizations modernize security operations, accelerate secure cloud and AI adoption, and move with confidence in the agentic era.”

The integrated SSE solution reinforces Tech Mahindra and Cisco’s leadership in unified cloud-security, helping enterprises simplify secure access, strengthen resilience and accelerate digital transformation in an increasingly distributed and AI-driven world.

 

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SOURCE Tech Mahindra

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