Automated Test Equipment Market share is anticipated to exceed USD 4.46 billion by 2022 due to its rising demand across various sectors such as defense, telecommunications & IT, automotive, and consumer electronics. ATE is used to automatically diagnose and detects faults in the EUT (Equipment under observation) thereby, ensuring faultless product delivery into the business space.
These systems offer several benefits such as improved operator ergonomics, reduced cost, amplified product quality and testing repeatability. Furthermore, they enable testing with lowest degree of human intervention while being a viable high-volume testing option. Strong SoC (System on Chip) adoption trends and high consumer electronics demand will be the key driving factors throughout the forecast timeframe. Growing electronic content in vehicles along with penetration of smartphones will drive automated test equipment market. Miniaturization of devices has spurred ATE demand across numerous application areas such as defense, IT and telecommunication.
Rising technological advancements coupled with need for effective testing should positively impact the automated test equipment market share. Developments in semiconductor manufacturing processes accompanied by expansion of wireless networks in developing nations such as China, Japan and India are expected to provide significant growth throughout the forecast timeline. Semiconductor testing is on the rise owing to benefits offered such as faster time-to-market, reduced-cost, components miniaturization, improved flexibility, technical capability, reliability and modularity. Moreover, high-level integration including RF & wireless technology are the new norms driving the demand for effective testing solutions.
The automated test equipment market is primarily dependent upon semiconductor chip volume. The success of consumer devices such as tablets, smartphones and computers has led to the increase in production activity, thereby positively impacting global industry revenue. Additionally, with increasing innovation and new product development, the rollout of devices may propel the industry growth.
To access a sample copy or view the automated test equipment market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/146
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 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 ATE market will be the fastest growing product segment registering a CAGR of 3% over the forecast timeframe.
Asia Pacific, in particular China & India automated test equipment market was valued at over USD 2.5 billion in 2014 with 2.8% CAGR estimations. Growth can be credited to presense of large number of semiconductor industries across the region. In addition, rapid technological advancements and changing customer needs is predicted to positively contribute towards the regional industry.
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 industry participants over the next few years.