Semiconductor Test Equipment Market Monitor

About The Authors

Companies Tracked in This Report

Test Equipment Definitions

Executive Summary – Market Dynamics

Quarterly Overview

• Q2-23 Test Equipment Market Highlights
• Top Suppliers’ Performance Q2-23
• Forecast Changes
• Test Equipment Near Term Dynamics
• Test Equipment Utilization Rate
• Memory Test Equipment
• Non-memory Test Equipment
• Top Suppliers Shares Q3-21 to Q2-23
• Mergers and Acquisitions

Test and Related Equipment

• Test and Related Equipment Overview
• Service and Support

Semiconductor Testers (ATE)

Burn-in Test Systems

Test Handlers

Wafer Probers

Optical Inspection Systems

System Level Test (SLT)

Conclusion

Yole Group Corporate Presentation         

Order activity improves as test equipment utilization recovers

It’s been a slow start to the year. Sales of test-related equipment have now been flat for four consecutive quarters and are still running 25% below the peak reached in 2022. However, test equipment utilization rates are on the up and closing in on the level which will trigger additional capital equipment spending.

On the memory side, demand is bouncing back for HBM DRAM as chipmakers actively seek additional capacity. Overall demand for memory test equipment has been volatile in recent quarters. However, there is healthy growth for final test equipment related to memory technology transitions and high-performance memory (DDR5 and HBM).

Continued weakness in smartphones and other consumer electronics is weighing down on overall demand for non-memory test equipment. The high points of Q1-24 and Q2-24 were related to automotive and industrial applications and test handlers with thermal management capability for high-performance computing (HPC).

Lead times are returning to normal levels which means that buyers are in a strong position and can place orders at short notice.

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Test equipment utilization rates continue to improve in Q1-24, which is in line with normal seasonal patterns but is at a much lower level than expected.

Non-memory chip inventories are running down from the high levels at the beginning of the year to an acceptable range. Underinvestment in test equipment will start to show as the semiconductor industry recovers.

In summary, Q1-24 will improve over Q4-23, and the outlook is for consecutive quarterly growth for the next several quarters as the recovery gets underway. The long-term growth prospects remain healthy. The test equipment market is on track to grow at a compound annual growth rate of mid-single digit, reaching a value of +$12Bn by 2029.

Beijing Huafeng Test & Control Technology Co.,Ltd., Tokyo Seimitsu Co, Advantest, Aehr Test Systems,

Aemulus, AP Tech Co., Ltd, ASM Pacific, AEM Holdings, Boston Semi Equipment, Chroma ATE Co, Chip Right,

Cohu Inc, DI Corporation, Delta V Instruments, EDA Industries, ELES S.p.A., ESMO, Exicon Co, Exis-Tech Sdn

Bhd, Focused Test, FormFactor Inc, Genesem Inc., Grand Technology, Hanmi Semiconductor, HiLevel

Technology, Hon Technology, Hoson, Hprobe, Hangzhou Changchuan Technology, Infotech, Incal

Technology, INNOGRITY, ipTEST, JHT, JT Corp, KES System, KingTiger Technology, MCT Worldwide,

Muehlbauer, Micro Control, Microtech Handling, Mirae, Micronics Japan Co, MPI Corporation, Mark Tek,

National Instruments, Novtek, OSAI Automation, Pentamaster, Probing Solutions, QMC, Roos Instruments,

ShibaSoku Co., Ltd, Seiko Epson, Semics, Semes, Semiprobe, SEMISHARE, Sidea Semiconductor Equipment,

Signatone, SPEA S.p.A., SRM Integration, SSP Inc., STAr Technologies, STATEC Inc., STK Technology Co., Ltd.,

Synax, Techwing Inc, Tokyo Electron, Teradyne Inc, Tesec, Testram Co., Ltd., Third Millennium Test Solutions,

Tokyo Weld, Trio-Tech International, UNITES Systems, Unitest Inc, VisDynamics, Wentworth Laboratory,

Wintest Corporation, YAC, YIK Corporation, YoungTek, Integral Solutions International and more.

Key Features

• Five years history and five years forecast for test equipment.
• Quarterly history and forecast from Q1 2016 to Q4 2026.
• Market shares for all segments from 2019 to 2023
• Quarterly market shares for public companies.
• Test equipment utilization rates.
• Regional distribution by region of sale.

Product objectives

• Provide quarterly accurate data on the test equipment market regrouping testers (ATE), Burn-In testers, handlers, wafer probers, optical inspection systems and system level test equipment.
• Provide market metrics and forecasts of volume, market value and evolution of market share of relevant players.
• Oversee the most important players across the test equipment supply chain.