Global Automated Test Equipment Market - Overview
The Automated Test Equipment Market is projected to grow at a
CAGR of 3.5% during the forecast period. As per the automated test equipment
market research report, the global market for automated test equipment is
anticipated to grow rapidly. As per analysts, the growing demand for efficient power
management along with the growing market of consumer electronics will drive the
market growth throughout the forecast period.
The automated test equipment market research report
provides an in-depth analysis of the global automated test equipment market and
its components, type, and applications segments. The technical limitation as
well as high competition are the factors which could affect the automated test
equipment market growth during the forecast period. The automated test
equipment market research report by expert analysts is intended to help
companies in the automated test equipment market.
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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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