North America automated test equipment market accounted for more than 14% of the global revenue in 2014 and is predicted to exhibit lucrative growth over the coming years, owing to surging investment in R&D of the defense sector. In addition, eye-catching advancement across the telecommunication sector will also contribute substantially towards the market growth over the coming timeframe. U.S will contribute majorly towards the regional growth.
Innovations in technology, new product development, and high need for effective testing will favorably impact automated test equipment market growth over the coming five years. According to Global Market Insights, Inc., “Global Automated Test Equipment (ATE) market is estimated to grow at a rate of 2.6% over the period of 2015 to 2022.” Growing electronic content in automobiles along with strong demand for system on chip is expected to spur the industry trends over the next few years. Favorable features such as minimized costs, improved product quality, and testing repeatability will notably drive the ATE demand. Moreover, miniaturization has significantly added towards the growing popularity of ATE across various sectors such as defense, telecommunications, IT, etc.
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Discrete, memory and non-memory are the major products of the global ATE industry size. Non-memory automated test equipment market, which contributed towards a major portion of the overall revenue in 2014, is projected to register a CAGR of 2.8% over the period of 2015 to 2022. The attributing factor towards the industry growth is surging microcontroller- based applications such as sensors, anti-lock braking system, and smart grid. Additionally, escalating demand for automobiles and smartphones will influence the growth considerably.
Automated test equipment market finds widespread application across consumer electronics, telecommunication & IT, automotive, and defense sectors. automated test equipment market in the automotive sector is expected to grow considerably over the coming years. Large application of semiconductor devices in the automotive electronics industry is projected to drive the growth.
Consumer electronics sector is anticipated to grow significantly over the coming five years and is forecast to drive the industry growth over the coming timeframe. The rising adoption of electronic devices such as smartphones, computers, and tablets will augment the automated test equipment market growth.
Telecommunication & IT sector, which accounted for over 50% of the overall revenue in 2014, is anticipated to boost automated test equipment market growth over the coming timeframe. Improved network capability and consistently high product quality provided by ATE is expected to drive the growth.
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Mergers & acquisitions and enhancement in R&D activities will be the major growth strategies adopted by the industry giants over the coming timeframe. Advantest, Teradyne, and LTX-Credence, National Instruments Corporation, Aeroflex Inc., Cal-Bay Systems Inc., Advint, LLC, Anritsu, and Agilent Technologies are few of the major players in the automated test equipment (ATE) industry.