Global Automated Test Equipment Market - Overview
According to Market
Research Future (MRFR), the global Automated Test Equipment Market is forecasted
to grow at 3.5% CAGR during the assessment period (2016 – 2022). The spurting
rise in semiconductors and consumer electronics market acts as a key driving
force. The global automated test equipment is growing rapidly. Market growth
attributes to the demand for time and cost-effective manufacturing techniques
in the consumer electronics sector and raising complexities in the development
of electronic devices. Besides, the rising penetration of automation and
increased budgets in the defense sector substantiate the market demand.
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On the other hand,
technical limitations and dynamic changes in the automation technology and high
competition among the industrial manufacturers are the major factors predicted
to impede the market growth. Also, compliance regulations and standards pose
challenges to market growth. Nevertheless, substantial R&D investments and
the rising prominence of connectivity solutions would support the market growth
throughout the review period.
Global Automated Test Equipment Market –
Segmentation
The report is segmented
into four dynamics;
By Type : Memory ATE, Non-Memory
ATE, Discreet ATE, and others.
By Component : Industrial PC, Mass Interconnect,
Handlers, Probers, Semiconductors, and others.
By Application : Consumer Electronics, Automotive,
Aerospace and Defense, Telecommunication, and others.
By Regions : Americas, Europe, APAC, and
Rest-of-the-World.
Automated Test Equipment Market –
Geographical Analysis
North America dominates the
global automated test equipment market. The largest market share attributes to
technological advancements and increased adoption of automation across
industries. Besides, the rising adoption of automated test equipment in the
defense sector creates substantial market demand.
Moreover, augmented demand
and the availability of high quality & advances in testing devices increase
the automated test equipment market size. The North American automated test
equipment market is poised to retain its dominance throughout the review
period, reaching USD 1,564.94 MN by 2022.
Europe is another lucrative
market for automated test equipment globally. The market is driven by the
increasing adoption of automation and smart devices across the industrial
sector. Also, the proliferation of smart
& connected devices and the Internet acts as a key driving force for the
growth of regional growth.
Additionally, spurting
growth in consumer electronics, automotive, aerospace & defense, and
telecommunication industries stimulates the market growth in the region.
Simultaneously, the regulatory mandates introduced, alongside a large untapped
consumer base provides impetus to the regional market growth. The European
automated test equipment market is poised to witness s substantial growth, registering
3.3% CAGR over the assessment period.
The automated test
equipment market witnesses rapid expansion in the Asia Pacific region. Factors
such as the wide adoption of connected devices and the presence of sensor
manufacturers substantiate the automated test equipment market size. India,
South Korea, China, and Japan are the leading markets in the region. The APAC
automated test equipment market is expected to grow at 4.3% CAGR, valuating at
USD 1,209.31 MN at the end of the review period.
Impact of COVID-19 on the Global
Automated Test Equipment Market at: https://www.marketresearchfuture.com/report/covid-19-impact-automated-test-equipment-market
Global Automated Test Equipment Market –
Competitive Analysis
Highly competitive, the
automated test equipment market appears fragmented due to the presence of
several well-established players. To gain a larger competitive share, industry
players adopt strategies such as mergers & acquisitions, collaborations,
and product/technology development. Substantial investments are transpired to
develop products and expand global footprints.
Most of the players adopt
organic business strategies, whereas tier I & II companies accentuate the
inorganic business strategies to achieve their goals.
Major Players:
Players leading in the
market are Cobham Plc (UK), Chroma ATE Inc. (Taiwan), Astronics Test Systems
(US), Teradyne Inc. (US), Agilent Technologies Inc. (US), Advantest Corporation
(Japan), Roos Instrument Inc. (US), LTX-Credence Corporation (US), National
instrument Corporation (US), and Marvin Test Solution Inc. (US), among others.
Industry/ Innovation/ Related News
August 05, 2020 -----
Trenton Systems, Inc. (the US), a leading global technology company, announced
advances in its rugged workstations powering with Automated Testing Equipment
(ATE) for the defense sector. Trenton Systems' rugged workstations are ideal
for ATE systems used by major defense and prime contractors across the nation.
Trenton Systems designs
manufacture and integrates customer-driven computing solutions for
mission-critical applications in diverse industries. Its portfolio includes
rugged servers, workstations, blade servers, storage systems, and others.
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