APAC automated test equipment (ATE) market is likely to exceed USD 3.5 billion by 2022 due to the presence of many semiconductor manufacturers. Positive regional growth is attributed to rapid technological advancements and changing consumer preferences. North America ATE market accounted for over 10% of the total revenue share in 2014. Advancements in telecommunication along with rising investments in defense will surge the demand for this region.
Rising design complexity coupled with the need for efficient testing will propel the industry growth. Cost reductions, higher product quality and improved ergonomics are benefits offered by these systems. Rising adoption trends such as System on Chip (SoC) and increasing demand for consumer electronics will propel the industry growth. Improving the battery life remains the cornerstone of several manufacturers’ design efforts, in light of increased demand for portability and miniaturization this will also fuel the automated test equipment (ATE) market.
The automated test equipment (ATE) market is expected to witness a sustainable growth, rising at a CAGR of 2.6% over the period of 2015-2022. Commercialization of IoT or Internet of things will create a pool of opportunities for the automated test equipment (ATE) market players globally. The design complexities pertaining to these digitized devices will demand for precise testing of these products, thereby boosting the ATE market growth.
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ATE application revenue in the IT & Telecommunication industry is forecast to reach USD 2.20 billion by 2022 driven by huge demand for testing services by communication service providers and telecom equipment manufacturers. Also, rising demand for consumer electronics such as smartphones, tablets, etc. will drive the consumer electronics automated test equipment (ATE) market to reach USD 1.3 billion by 2022.
ATE product market can be segmented as Non-memory, Memory, and Discrete. Non-memory ATE market dominated the overall industry accounting for 75% revenue. Rising consumer electronics demand, coupled with growth in the automotive sector will positively impact the industry share, which is expected to grow at a CAGR of 2.8% over the period of 2015-2022. Discrete automated test equipment (ATE) market will be the fastest growing product segment registering a CAGR of 3% over the forecast timeframe.
Teradyne, Advantest, LTX., Advint, Agilent Technologies, Aeroflex, Anritsu, Cal-Bay Systems, and National Instruments Corporation are some of the key market players. Expansion of testing platforms and development of new instrumentation will be the major growth strategies adopted by the automated test equipment (ATE) market participants over the next few years.
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