Puppeteer is not a automation tool, it is the browser with Nodejs module and the browser is chromium
Puppeteer is not a browser automation tool like selenium, protractor, webdriverIO. Puppeteer is a node module created to control the internals of the chromium-browser. Or people sometimes say Chromium is like the dev tool present in the chrome, so the user can do all the things with puppeteer that are able to do using the dev tool.
Puppeteer help users to automate the chrome and edge browsers (internally chromium).
In reality, puppeteer automates the engine called chromium also there is a browser on the chromium engine called chromium, I hope you guys know that Google Chrome is a freeware but not open source, but Chromium is opensource.
Puppeteer is not a testing tool but a development tool, as we can perform all the tasks that a developer can perform.
If you have visited the dev tools of chrome, you might have seen multiple functionalities. We can perform operations using those functionalities like checking page speed, handling requests and responses and finding elements, etc.
Puppeteer works without the chrome browser(no need of installing chrome), As the puppeteer downloads the chromium. In other terms, we can say puppeteer is nothing but chromium.
The Puppeteer module can test the chromium/chrome/edge with and without the UI.
Puppeteer is faster than all the browser-based automation tools in the market
With puppeteer we can actually perform all the tasks just like chrome, which includes audits, lighthouse, emulating devices.

Puppeteer is a Node library that provides a high-level API to control Chrome or Chromium over the DevTools Protocol.
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I am Pavankumar, Having 8.5 years of experience currently working in Video/Live Analytics project.