The Global Automated Test Equipment Market is projected to witness the growth at a CAGR of XX.XX% during the forecast period to reach a total market size of US$XX.XX billion by 2022, increasing from US$XX.XX billion in 2017. The surge in the market is expected owing to the rise in demand for consumer electronics, increasing design complexity requiring more effective testing, reduction in manufacturing time and testing of new technologies that are being developed for final use.
The IT & Telecommunication market constituted a significant portion of the market as a result of a rapid increase in the number of smartphones, tablets, computers etc. in the market in line with the growing importance of effective communication. However, the automotive sector is expected to exhibit considerable growth due to rising integration of advanced electronics devices in vehicles.
APAC region had been dominating the market and is anticipated to do so during the forecast period. This can be attributed to the presence of a large number of semiconductor industries in the region. Changing customer needs and technological developments are expected to boost the demand in the region.
The Automated Testing Equipment Market is competitive owing to the presence of well-diversified international, regional and local players. However, some big international players dominate the market share owing to their brand image and market reach. The high market growth and favorable government policies are further attracting more players in the market while enhancing the competitive rivalry. The competitive landscape details strategies, products, and investments being done by key players in different technologies and companies to boost their market presence.
Some of the major players discussed in the report are Advantest Corp., Advint LLC, Aeroflex Inc., Chroma ATE Inc., Cobham PLC, Astronics test systems, Agilent Technologies Inc., Cal-bay systems, National Instruments Corp., Teradyne Inc.
Thirdly, The Automated Equipment Market has been segmented by application, type, and geography.
- By Application
- Consumer Electronics
- Aerospace & Defence
- IT & Telecommunication
- Others (Medical, education industry)
- By Type
- Memory Ate
- Non Memory Ate
- By Geography
- North America
- South America
- Europe Middle East and Africa
- Asia Pacific
Key questions answered by the report
- What will be the Global Automated Testing Equipment Market size from 2017 to 2022?
- How are the major drivers and restraints affecting the Global Automated Testing Equipment Market and the opportunities which exist for key vendors?
- Which segment and region will drive or lead the market growth and why?
- A comprehensive analysis of competitive landscape and key market participants’ behavior
- Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth