Automated Test Equipment Market Analysis to 2025 Leading by Industry Players like Astronics Corporation, Averna, Chroma ATE Inc., Advantest Corporation

Automated Test Equipment (Ate) Market is Expected To Grow From US$ 5.06 Bn in 2017 to US$ 7.75 Bn by 2025 at a CAGR Of 5.5% Between 2018 and 2025. Automotive manufacturers are playing vital role by integrating IoT, connected devices, and several consumer electronics which will boost the automated test equipment market.

The automotive manufacturers across the globe are avidly willing to expand their businesses cross-border. The importance of IoT, communications, and sensors, and have therefore, paved way for integration of sensors into the devices. Various business functions such as supply chain planning & logistics, and manufacturing across industry verticals such as automotive, consumer electronic devices, healthcare, and aerospace & defense can be optimized and thus enable increased profitability. The positive impact on the balance sheets of the companies as a result of the integration of sensor-enabled devices into the business processes have led to huge demands for more such devices. Huge demands are further anticipated to be burdened on the semiconductor industry, and for the semiconductor industry to respond to this bloating demands in the future times, they need to adopt efficient manufacturing & testing processes.

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The report aims to provide an overview of global automated test equipment market with detailed market segmentation. Also, it analyzes the current automated test equipment market scenario and forecasts the market till 2025. The report covers market dynamics affecting the automated test equipment market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the automated test equipment market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the automated test equipment market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.

The report focuses on an in-depth segmentation of automated test equipment market based on type, component, and end user. The geographic segmentation of the report covers four major regions including; North Americas, Europe, Asia-Pacific (APAC), and Rest of World (RoW). The regional market has been further bifurcated by respective countries. By end user segment, consumer electronics accounted for the largest share of the automated test equipment market in 2017; whereas automotive is expected to grow at the highest CAGR during the forecast period.

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The Asia Pacific is one of the prominent regions in automated test equipment market which is contributing highest revenue globally due to the presence of high-skilled manufacturing hub. Also, rapidly growing economies in Asia-Pacific with significant growth in spending capacity will propel the growth automated test equipment market. The governments are offering tax-rebates, funds, subsidies and other such support to attract the manufacturing companies to set-up plants in their respective countries. Further, several governments has taken initiatives such as Made in China 2025, and Make in India, among others to propel the growth of manufacturing sector. Also, China is the global leader in production of passenger cars and commercial vehicles, as well as electronic product assembly. The presence of robust manufacturing base is a key factor for the growth of the market. The government of China has introduced an initiative named as “Made in China 2025”, which further drive the growth of manufacturing sector. The demand for ATE is further anticipated to boost with the presence of several smartphone manufacturers as well as automotive electronics manufacturers in China.

Reasons to buy this report:

- Highlights key business priorities in order to assist companies to realign their business strategies

- The key findings and recommendations highlight crucial progressive industry trends in the automatic tire inflation system market, thereby allowing players across the value chain to develop effective long term strategies

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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