Automated Test Equipment Market Size in Asia Pacific Region is Expected to Record CAGR of 2.8 % By 2022

The Asia Pacific automated test equipment market primarily led by India & China is expected to witness a significant surge in the coming years mainly owing to the large number of semiconductor companies present in these regions. APAC market is expected to record a CAGR of 2.8 % from 2015-2022.
The automated test equipment 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 ATE industry players globally. The design complexities pertaining to these digitized devices will demand for precise testing of these products, thereby boosting the automated test equipment market growth.
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The automated test equipment market is mainly dependent on semiconductor chip availability. Increasing demand from smartphones, computers and tablets have pushed the production capacity thus impacting the revenue of global industry positively. Increasing dependency on semiconductor devices and resulting supply and demand gap may hamper the industry growth.
IT & telecommunication applications approached USD 2 billion in 2014 due to the improved networking capacities and persistent product quality. Elevation in demand for consumer devices like tablets, smartphones, computers and laptops will spur the automated test equipment market growth in consumer electronics applications. With the growing enterprise mobility trend and increased disposable income levels, mobile devices have witnessed a sharp rise over the past few years.
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Automated test equipment 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 ATE market will be the fastest growing product segment registering a CAGR of 3% over the forecast timeframe.
Some Point from Table of Contents:
Chapter 4 Automated Test Equipment Market Product Insights
4.1 Memory ATE
4.1.1 Global memory ATE demand by region, (USD Million), 2012 - 2022
4.2 Non-memory ATE
4.2.1 Global non-memory ATE demand by region, (USD Million), 2012 - 2022
4.3 Discrete ATE
4.3.1 Global discrete ATE demand by region, (USD Million), 2012 - 2022
Chapter 5 Automated Test Equipment Market Application Insights
5.1 Automotive
5.1.1 Global demand in automotive, by region, (USD Million), 2012 - 2022
5.2 Consumer
5.2.1 Global demand in consumer applications, by region, (USD Million), 2012 - 2022
5.3 Defense
5.3.1 Global demand in defense, by region, (USD Million), 2012 - 2022
5.4 Telecommunication & IT
5.4.1 Global demand in IT & telecommunication, by region, (USD Million), 2012 - 2022
5.5 Others
5.5.1 Global demand in other applications, by region, (USD Million), 2012 - 2022
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