Automated Test Equipment Market Size Worth $5,058 Million By 2026 | Industry Players: Teradyne, Inc., Roos Instruments, Inc., National Instruments Corporation, Star Technologies, Inc., Aeroflex, Inc., LTX-Credence Corporation, Danaher Corporation, and othThe global automated test equipment market is anticipated to reach around $5,058 million by 2026 according to a new research published by Polaris Market Research. In 2017, Asia-Pacific accounted for the majority share in the global Automated Test Equipment market.
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The expanding range of consumer electronic devices coupled with growing complexity in design of consumer electronic devices majorly drives the automated test equipment market growth. The adoption of automated test equipment has increased significantly owing to growing need for effective testing in semiconductor and electronics industry, and shift towards energy efficient ICs. Other factors driving the market growth include technological advancements, modernization of vehicles, development of autonomous vehicles, and rising demand for wireless networks. New emerging markets, emerging consumer demographics, and commercialization of Internet of Things would provide growth opportunities for Automated Test Equipment market in the coming years.
In 2017, Asia-Pacific accounted for the highest share in the global automated test equipment market. The established semiconductor and consumer electronics industries, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The increasing modernization of vehicles, and growth in the global automotive industry further accelerate the adoption of automated test equipment. The increasing economic growth in countries such as China and India also increases the adoption of automated test equipment in the region. Expansion of global players into these countries to tap market potential boosts the automated test equipment market growth. The high penetration of electric vehicles in the region coupled with increasing development of autonomous vehicles promotes the adoption of automated test equipment. The rising demand for wireless networks and growth in penetration of connected devices supports the market growth in the region.
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The major players in the automated test equipment market include Teradyne, Inc., Roos Instruments, Inc., National Instruments Corporation, Star Technologies, Inc., Aeroflex, Inc., LTX-Credence Corporation, Danaher Corporation, Aemulus Holdings, Chroma ATE, Inc., and Marvin Test Solutions, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Automated Test Equipment Market Size and Forecast by Type, 2018-2026
Automated Test Equipment Market Size and Forecast by Component, 2018-2026
o Industrial PCs
o Mass Interconnect
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Automated Test Equipment Market Size and Forecast by End-User, 2018-2026
o Consumer Electronics
o Aerospace and Defense
o IT and Telecommunication
Automated Test Equipment Market Size and Forecast by Region, 2018-2026
o North America
Rest of Europe
Rest of Asia-Pacific
o Latin America
Middle East & Africa
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
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