Automated Test Equipment Market 2023 Driving Factors Forecast Research 2029

The global market for automated test equipment is projected to have a considerable CAGR of around 3.4% during the forecast period. The growth of the market is driven by the increased adoption of Automated Test Equipment (ATE) in the automotive and semiconductor industry. A significant increase in the number of connected devices and consumer electronics, as well as companies increasing their focus on quality improvement and end-to-end testing solutions, will be likely to drive the market growth. Moreover, the ATE market is also expected to be driven by the increasing implementation of System on Chip (SoC) and increased demand for consumer electronics during the forecast period. Additionally, considerable technological advancements coupled with design complexity and the need for effective testing are anticipated to fuel the market. Further, in addition to the rise in use of data diagnostics and acquisition tools for testing electronic applications across the aerospace and defense, and industrial automation sector offers a significant opportunity in the automated test equipment market.

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Furthermore, with the rapid adoption and implementation of the Internet of Things (IoT) around the globe, the semiconductor industry is projected to play a significant role and benefit from advances across the technology value chain. As the cloud economy becomes mainstream in the IoT era, semiconductor companies need to continuously innovate to drive connectivity across the IoT value chain. In addition, IoT-connected products and applications would require chips with an ultra-small form factor, low power consumption, and wireless connectivity options, and this, in turn, will be boosting the growth of the market.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Automated Test Equipment Market Report Segment
By Type
• Memory
• Non - memory
• Discrete
• Test Handlers

By End-user
• Aerospace and Defense
• Consumer Electronics
• IT and Telecommunications
• Automotive
• Healthcare
• Others

Global Automated Test Equipment Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automated test equipment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where in the market.

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