Automated Test Equipment Market Detailed Analysis of Current Scenario with Growth Forecasts to 2030

Automated Test Equipment Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Integrated Circuits (ICs) Testing, Printed Circuit Boards (PCBs) Testing, Hard Disk Drives (HDDs) Testing, and Others), Component (Industrial PCs, Mass Interconnect, and Handler/Prober), and End User (Consumer Electronics, Automotive, Medical, Aerospace & Defense, IT & Telecommunication, and Other Industries) The automated test equipment market size is expected US$ 6.1 billion in 2022 and is expected to reach US$ 10.6 billion by 2030. The automated test equipment market is estimated to record a CAGR of 7.2% from 2022 to 2030.

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Competitive Landscape: Automated Test Equipment Market:
APAC automated test equipment market consists of countries such as China, Japan, India, and South Korea, and Rest of APAC. These countries have witnessed high growth in their manufacturing industries in recent years. APAC is on the verge of becoming a global manufacturing hub with the presence of diverse manufacturing industries, including electronics, automotive, and petrochemical production businesses. China is evolving into a high-skilled manufacturing hub, followed by other developing countries such as India, South Korea, Vietnam, and Taiwan. Governments of several APAC countries are offering tax rebates, funds, subsidies, etc., to attract manufacturing companies to set up plants in their respective countries. Initiatives such as Made in China 2025 and Make in India propel the growth of the manufacturing industry in the respective countries, which demands test equipment which further drive automated test equipment market growth.China is the largest producer of passenger cars in the world, followed by Japan, India, and South Korea. This would further propel the automated test equipment market share in the country. Also, the consumer electronics manufacturing industry in Asia Pacific is leading globally. The presence of these industries is anticipated to influence the automated test equipment market growth positively. In addition, China, which is the largest manufacturing hub, is experiencing a rise in the country's labor cost owing to the aging population of the country. As a result, manufacturing enterprises from developed countries are seeking to make investments in other Southeast Asian countries to take advantage of improving infrastructure, rising domestic consumption, and lower costs in these countries.

Anritsu Corp
Advantest Corp
Astronics Corporation
Averna Technologies Inc
Chroma ATE Inc.
Exicon Co., Ltd
National Instruments Corp
SPEA S.p.A.
Teradyne Inc
Test Research, Inc.
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Chapter Details of Automated Test Equipment Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Automated Test Equipment Market Landscape
Part 04: Automated Test Equipment Market Sizing
Part 05: Automated Test Equipment Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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