Press release
Automated Test Equipment Market Estimated to Flourish by 2025 | Top Companies Advantest, Anritsu, Astronics, Averna, Chroma ATE, Exicon, National Instruments, SPEA S.P.A. and Teradyne
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.Worldwide Automated Test Equipment (ATE) Market Analysis to 2025 is a specialized and in-depth study of the Automated Test Equipment (ATE) Industry with a focus on the global market trend. The report aims to provide an overview of global Automated Test Equipment (ATE) Market with detailed market segmentation by product/application and geography. The global Automated Test Equipment (ATE) Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Automated Test Equipment (ATE) players and offers key trends and opportunities in the market.
Automated test equipment market is experiencing growth all across the globe, with the rising preference for the electronics integrations in the manufacturing sector of different industry verticals and thus creating revenue generation opportunities for the market players. Furthermore, the rising adoption of internet infrastructural deployments in the advanced countries is propelling the automated test equipment market growth. Moreover, the increasing integrations of consumer electronics in the automotive industry is anticipated to flourish during the forecast period.
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Top Leading Automated Test Equipment (ATE) Market Players: Advantest Corporation, Anritsu Corporation, Astronics Corporation, Averna, Chroma ATE Inc., Exicon co., Ltd., National Instruments Corporation, SPEA S.P.A., Teradyne Inc. and Test research Inc. among others.
Key Benefits
• The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
• Comprehensive analysis of all geographical regions is provided, to determine the prevailing opportunities.
• Key players are profiled and their strategies are analysed thoroughly to determine the competitive outlook of the global market.
Surge in volume of consumer electronic devices to propel the demand for automated testing equipment
Today's smart products contain complex electronic systems that require flawless operation in the real world. Device miniaturization, support for multiple wireless technologies, faster data rates, and longer battery life, demand rigorous analysis. Additionally, demand for numerous feature integrations onto a single device have led to complex circuit board designs of these electronics. As an example, a smartphone today includes features such as camera, calling function, torch, storage drives, and connectivity with other devices, compatible ports for connections, a multimedia player, and many other functions etc.
Emerging popularity of IoT and growing demand for various electronic components & devices to boost the demand of automated testing equipment market
The advent of IoT has enabled each device to be connected over the internet and the rising adoptions globally would result in more than billions of devices connected over the internet. Also, validating to the above mentioned point is the fact that the data traffic rate on a global level, has grown at an annual rate of more than 65% over the last five years. Also, between 2018 and 2023, the data traffic is anticipated to grow at a compound annual growth rate of close to 40 percent.
GLOBAL AUTOMATED TEST EQUIPMENT - MARKET SEGMENTATION
Automated Test Equipment Market - By Types
Memory Chip Based Testing
Non-Memory Chip Based Testing
Discrete Testing
Automated Test Equipment Market - By Component
Industrial PCs
Mass Interconnect
Handler/ Prober
Automated Test Equipment Market - By End-User
Consumer Electronics
Automotive
Medical
Aerospace & Defence
IT & Telecommunication
Other Industries
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Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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