Automated Test Equipment Market 2018 – 2022 Global Key Players by: Cobham Plc, Astronics Test Systems, Chroma ATE Inc, Advantest Corporation, Agilent Technologies Inc, Teradyne Inc

Automated Test Equipment Market Overview:
The high rates of adoption of system on chip has been a major driver of market growth in this industry. Market Research Future which concentrates on market reports connected to information and communication sector amid others recently made available a report on this sector. The industry of automated test equipment is projected to develop with a CAGR of 3.5 per cent in the forecast period.

Improvements in the manufacturing processes of these products has increased the production rates which is effectually meeting the heightened demand needs for this market. Increasing demand for smartphones has also been an important factor in the development of the industry. Efficient power management is also one of the key features that are fuelling the growth of the Automated Test Equipment Market.

Global Competitive Analysis:
The rewarding scenarios accessible in this market are being utilized by candidates who are trying to extend their market coverage by centered development which will prove to be perfect for the growth of this industry sector. The companies in this industry space are connecting their resources to achieve their vision for achieving a considerable portion of the business as early as possible. The products that are on offer presently vary greatly due to the reason of the strong pace of technological discoveries. This has raised the chances for the approaching growth period. This consequence is productive for firms so that they may maintain fiscal liquidity to take the best conclusions in terms of strategy execution and planning. The main players in market for Automated Test Equipment include Cobham Plc (U.K.), Astronics Test Systems (U.S.), Chroma ATE Inc. (Taiwan), Advantest Corporation (Japan), Agilent Technologies Inc. (U.S.) and Teradyne Inc. (U.S.).

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Industry Segments:
The industry for Automated Test Equipment can be segmented into the following categories of component, application and type. The component category in this industry comprises of semiconductor, mass interconnect, industrial PC, handlers and probers. Furthermore, on the basis of application the sector is divided into automotive, IT & telecommunication, consumer electronics, aerospace and defense among others. The IT & Telecommunication sector is estimated to grow at an exceptional rate by 2022. Additionally, market on the basis of type is segregated into non-memory ATE, memory ATE and discreet ATE. In product segment, Memory ATE is likely to observe the maximum growth rate within the forecast period.

Detailed Regional Analysis:
The market for automated test equipments is segregated into Europe, North America, Asia Pacific, and Rest of the World (ROW). The North American region is directing the Automated Test Equipment Market on a global scale with the biggest market share in the region, and consequently accounting for $ 1,272.80 million in the year 2016 and is projected to develop over $ 1,564.94 million by the year 2022. The Automated Test Equipment sector in the Asia-Pacific region is expected to develop at a CAGR of 4.3 per cent from $ 941.06 million in the year 2016 to a value of $1,209.31 million by the year 2022. The European market for Automated Test Equipment Market on global scale is estimated to develop at a 3.3 per cent CAGR from 2016 to 2022.

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Industry Updates:

Nov 2017 Chroma ATE Inc. which is a leading global supplier of Intelligent Manufacturing Systems, Automated Test Systems, Turnkey Test and Automation Solutions and also possess a number of precision measurement back-end product lines in the field of semiconductor testing has signed a contract with Industrial Technology Research Institute (ITRI) for "Nanoparticles Monitoring Technology" transfer. The role of Chroma's semiconductor process’s front-end testing solutions supplier will be given to Innovative Nanotech to fulfill the testing request of a whole semiconductor manufacturing procedure.

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This release was published on openPR.