A surge in semiconductor test volumes and stringent test demands from the communication, consumer electronics, automotive and healthcare verticals are expected to revive the semiconductor industry following a sharp decline in revenues for the global semiconductor automated test equipment market in 2019. A recent analysis by Frost & Sullivan forecasts that revenues from the sector will grow at a CAGR of 3.7% between 2019 and 2026 to reach $6 billion.
“There is a need for adjusting the product portfolio to integrate advanced test solutions and augment low-cost testing methodologies,” said Riti Newa, Research Associate, Industrial at Frost & Sullivan. “Next-generation testing requires innovation and technological advancements to accommodate the high requirements of segments such as artificial intelligence (AI), automotiveand 5G networks.”
Investments across the 5G network infrastructure and innovations in semiconductor packaging provide new growth opportunities for market vendors. Semiconductor test equipment manufacturers can also boost revenues by:
- Expanding the existing product portfolio to include next-generation testing technologies.
- Developing cost-effective test solutions for AI chips.
- Focusing on R&D for 5G testing applications to lower testing times and reduce overall testing costs, as revenue potential of $32.36 billion is expected for 5G across end users in the telecommunication, automotive and consumer verticals.
- Strengthening memory test portfolios to accommodate testing of memory systems with high-throughput parallel processing.
- Developing fully integrated and multi-site mmWave test solutions to augment cloud and edge testing applications.
