Automotive and Aerospace Sector are Driving the Automated Test Equipment Industry- Global Market to Grow at a CAGR of 3.5% till 2022

Synopsis of Automated Test Equipment Market

Market Research Future (MRFR) Announces the Publication of its Research Report – “Global Automated Test Equipment Market 2016-2022”

Market Overview and Forecast:

Globally the market of Automated Test Equipment (ATE) includes growing demand for efficient power management, growing demand for smartphone which is accelerating market for semiconductors, and growing market of consumer electronics among others. The major factor that drives the growth of ATE market is raising complexities in consumer electronics, reduction in manufacturing time and cost and others. Hence the market for Automated Test Equipment (ATE) is expected to grow at 3.5% CAGR (2016-2022). However, technical limitation such as high competition among the industrial manufacturer and dynamic changes in the technology are some of the major factors which are hindering the growth of Automated Test Equipment (ATE) Market.

Market Segmentation:

Global Automated Test Equipment Market can be segmented as follows:

• On the basis of Component which comprises of industrial PC, mass interconnect, handlers, probers, and semiconductor.
• On the basis of Application the market is segmented into consumer electronics, automotive, aerospace and defense, telecommunication among others.
• On the basis of Type the market is segmented into memory ATE, non-memory ATE, discreet ATE.

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Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: “Growing need for agility and automation is the key trend for this market. With growing demand for effective defined governance process, especially the American and APAC countries are taking many initiatives to implement the Global Automated Test Equipment effectively in their region"

Access the market data and market information presented through more than 22 market data tables and figures spread over 90 numbers of pages of the project report “Global Automated Test Equipment Market”

For Further Information on this Report, Please Visit: https://www.marketresearchfuture.com/reports/automated-test-equipment-market

Key Players in the Global ATE Market:

• Teradyne Inc. (U.S.)
• Advantest Corporation (Japan)
• LTX-Credence Corporation (U.S.)
• Roos Instrument Inc. (U.S.)
• National instrument Corporation (U.S.), Inc.

Other Prominent Vendors in the Market are:

• Chroma ATE Inc. (Taiwan)
• Cobham Plc (U.K.),
• Astronics Test Systems (U.S.)
• Agilent Technologies Inc. (U.S.)

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According to the report, In APAC region growing industries is raising Global Automated Test Equipment market in the region. Further, the report states that high cost of implementation and dynamic change in technology is a challenge to the market growth.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

This release was published on openPR.