Automated Test Equipment Market set to grow according to forecasts - Astronics Corporation, Chroma ATE Inc., SPEA S.P.A. Teradyne Inc.

The automated test equipment market is anticipated to reach US $7.75 billion by 2025 from US$ 5.06 billion in 2017 thereby registering a moderate CAGR growth rate of 5.5% during the forecast period.

Germany being the one of the leading producer of automobiles in the world and several major car manufacturing companies are located in the country including Volkswagen, BMW AG, Audi and others. Germany produces over 6 Mn vehicles every year, which includes both passenger cars and commercial vehicles. Approximately 70% of most of the premium brands vehicles across the globe are manufactured by German companies. Also, the country has a recognized medical device manufacturing industry, as well as industrial electronics manufacturing. The presence of these industries in Germany is expected to boost the demand for automated test equipment market. Also, some of the companies located in Germany produce semiconductor manufacturing equipment but their share in global IC manufacturing equipment sales is less than 3%. The Germany automated test equipment market is expected to grow with a attractive CAGR growth rate of 3.4% from 2019 to 2027.

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The automated test equipment (ATE) market used for the testing of semiconductor and component is a highly concentrated market, with only small chunk of leading semiconductor manufacturers, foundries and testing players accounting for a hefty share of total market revenue in the semiconductor and component testing industry. It is expected that the market will become even more intense in the near future with big players in the market acquiring smaller semiconductor market participants, and progression in corporate restructuring of business. Therefore, to sustain and grow in the industry, companies will have to obtain or increase their orders for customers doing large volume production. As a result, the automated test equipment market to witness an attractive growth rate during the coming years and provide numerous profitable opportunities for the market players in the forecast period. The Rest of World (RoW) automated test equipment market region is expected to witness a CAGR growth rate of 2.3% in the coming years.

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. This exponential growth in data traffic over the internet is out rightly attributed to the growing penetration of smartphones and other consumer electronic devices that can be connected over the internet as a result of the growing popularity of IoT. As a result, this is anticipated to boost the production of numerous electronic devices, components and products in the coming years and subsequently boosting the demand for efficient and automated testing equipment. Thus, the automated test equipment market is expected to provide numerous profitable opportunities for the market players in the coming years.

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Automated Test Equipment Market Key Players:
• Advantest Corporation
• Anritsu Corporation
• Astronics Corporation
• Averna
• Chroma ATE Inc.
• Exicon co., Ltd.
• National Instruments Corporation
• SPEA S.P.A.
• Teradyne Inc.
• Test research Inc.

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