Automated Test Equipment Market is Witnessing Phenomenal Growth - National Instruments Corporation, SPEA S.P.A., Teradyne Inc, Advantest Corporation, Anritsu Corporation, Astronics Corporation, Averna, Chroma ATE Inc., Exicon co., Ltd., and Test research
Latest market study on “Automated Test Equipment Market to 2025 by Type (Memory Chip Based Testing, Non-Memory Chip Based Testing, and Discrete Testing); Component (Industrial PCs, Mass Interconnect, and Handler/ Prober); and End-User (Consumer Electronics, Automotive, Medical, Aerospace & Defense, IT & Telecommunication, and Others) –Global Analysis and Forecast”, the automated test equipment market is estimated to reach US$ 7.75 Billion by 2025 from US$ 5.06 Billion in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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Top Dominating Key Players in this Industry:
- Advantest Corporation
- Anritsu Corporation
- Astronics Corporation
- Chroma ATE Inc.
- Exicon co., Ltd.
- National Instruments Corporation
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 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.
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Global Automated Test Equipment Market – By Type
- Memory Chip Based Testing
- Non-Memory Chip Based Testing
- Discrete Testing
Global Automated Test Equipment Market – By Component
- Industrial PCs
- Mass Interconnect
- Handler/ Prober
Global Automated Test Equipment Market – By End User
- Consumer Electronics
- Aerospace & Defense
- IT & Telecommunication
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