Automated Test Equipment Market to Enjoy 'Explosive Growth' To 2025 | CAGR: 5.5%

Global Automated Test Equipment Market - Scope of the Report

According to the new research report published by The Insight Partners, titled "Automated Test Equipment Market - Global Analysis and Forecast to 2025", the global automated test equipment market is expected to reach US$ 7.75 billion in 2025, registering a CAGR of 5.5% during the forecast period 2018 to 2025.

The growing demand for efficient as well as robust automated testing equipment owing to significant surge in volume electronic devices & components is the major factor driving the growth of the global automated testing equipment market in the coming years.

The GNSS based ETC system owing to their technical superiority and sophistication have greatly influenced their availability limited to developed economies. Further, the lack of digitization in government vehicle regulators & agency, budget constraints, traffic patterns, and government cooperation is expected to have a profound impact on the market growth in the forecast period. As a result, the GNSS based ETC systems account for relatively low market share in the global market revenue. However, the increasing demand for interoperable ETC system is anticipated to drive the investment towards the market growth. As a result, the market is projected to witness an attractive growth rate of 6.8% from 2019 to 2027.

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Some of the Major Players in Automated Test Equipment Market: Advantest Corporation, Anritsu Corporation, Astronics Corporation, AVERNA, Chroma ATE Inc., Exicon Co., Ltd., National Instruments, Spea S.p.A., Teradyne, Inc., and Test Research, Inc. among others.

Key findings of the study:
o From a growth perspective India in Asia-Pacific region is anticipated to witness the most lucrative CAGR growth rate of 6.7% during the forecast period
o Based on type, the discrete testing segment is projected to witness significant lucrative profitable opportunities with projected CAGR growth rate of 9.6%
o The surge in spending towards defense technologies and space exploration projects to boost the segment market growth globally thereby registering a CAGR of 3.0%

The report on the area of Automated Test Equipment by Insight Partners includes extensive primary research and detailed analysis of the qualitative and quantitative aspects of various industry experts, key opinion leaders, to better understand the performance of the Automated Test Equipment Market.

The report also includes the profiles of key Automated Test Equipment companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

According to ACEA, 21% of the cars across the world are manufactured in EU with companies such as BMW, Volkswagen, Audi and Aston Martin. Germany is the largest contributor in the automotive market share of the region, accounting for around 30% share. The country comprises of major car manufacturers such as VW, BMW, Opel, Daimler AG and Audi among others. On an average, Germany produces over 6 Mn passenger as well as commercial vehicles every year. The robust automobile sector of the region along with the presence of major premium car manufacturers in EU is anticipated to drive the ATE market. However, the European car manufacturers are investing more on their EV production lines in China, which may affect the European automotive industry. As per European Federation for Transport and Environment AISBL, in 2017, around EUR21.7 Bn of investments were made by European carmakers to produce electric vehicles in their EV production lines located in China. The European market for automated test equipment is expected to witness a lucrative CAGR growth of 2.7% in the forecast period.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Automated Test Equipment market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Automated Test Equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Reasons to Buy:
The nature of Automated Test Equipment business opportunities has grown in complexity with industry evolving at greater pace, making it increasingly difficult going without adequate information on markets and companies.

The Automated Test Equipment report assists users to:
o Gain complete understanding of Global Automated Test Equipment industry through the comprehensive analytical report
o Evaluate pros and cons of investing/operating in regional Automated Test Equipment markets through reliable forecast model results
o Identify all potential investment/contract/expansion opportunities
o Drive your strategies in right direction by understanding the impact of latest trends, market forecasts on your Automated Test Equipment business
o Enhance your decision making process through ranking countries contributing highest growth to the Automated Test Equipment market
o Beat your competition through information on their operations, strategies and new projects
o Technological advancements are highlighted to understand the future potential of the market
o Recent insights on the Automated Test Equipment market will help users operating in the market to initiate transformational growth

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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.

This release was published on openPR.