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.
Moreover, augmenting demand for efficient power management, alongside the proliferation of smart and connected devices, increases the automated test equipment market size. 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.
Advancements in the automation and Internet of Things (IoT) devices foster the growth of the market. Besides, the rising demand for higher energy saving and the low operational cost boost the market growth. The growing per capita income is undoubtedly a key force increasing the market size, boosting the buying capability of consumers. Furthermore, the exceeding uptake of automated products drives market growth.
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.
Leading Players in Automated Test Equipment Market are:
- Chroma ATE Inc. (Taiwan)
- Cobham Plc (U.K.)
- Astronics Test Systems (U.S.)
- Agilent Technologies Inc. (U.S.)
- Teradyne Inc. (U.S.)
- Advantest Corporation (Japan)
- LTX-Credence Corporation (U.S.)
- Roos Instrument Inc. (U.S.)
- National instrument Corporation (U.S.)
- Marvin Test Solution Inc. (U.S.)
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