Consumer electronics segment is leading the global automated test equipment market by 2025
The “Automated Test Equipment Market to 2025 by Type (Memory Chip Based Testing, Non-Memory Chip Based Testing, and Discrete Testing); Component (Industrial PCs, Mass Interconnect, and Handler/ Prober); and End-User (Consumer Electronics, Automotive, Medical, Aerospace & Defense, IT & Telecommunication, and Others) –Global Analysis and Forecast”. The scope of study involves understanding on the factors responsible for this growth of automated test equipment market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant automated test equipment players in the market and their key developments.
Automated Test Equipment Market to 2025 – Global Analysis and Forecast by Type, Component, and End User. In terms of revenue, the global automated test equipment market accounted for US$ 5.06 Bn in 2017 and is expected to grow at a CAGR of 5.5% over the forecast period 2018–2025, to account for US$ 7.75 Bn in 2025. With the increasing penetration of consumer electronics and internet connectivity has further boosted the emergence of automated test equipment in diverse industry verticals. With increasing spending capability of people, rising urban population, and decreasing prices of consumer electronics; the industry is witnessing a rapid growth across the world. The demand for smart devices smartphones, tablets, smart TVs, gaming devices, AR/VR devices, and laptops is further fueling the growth of ATE market. Rising acceptability of consumer electronics as well as growth in per capita income particularly, in developing economies in propelling the demand for automated test equipment market.
The automotive market is one of the early adopter of automated test equipment. The automated tests are performed in areas including testing of radio & infotainment system, HVAC dashboard & display, automotive ECU, active wheel speed sensors, active wheel speed sensors, Automatic gearbox controllers, body controllers, active safety controllers, and ABS among others. Further, there is high growth in the percentage of electronic devices in passenger cars, as well as continuous addition of new applications. For instance, mechatronic or electronic components are replacing mechanical components such as steer-by-wire systems, radar-based safety systems for collision evasion, and new telematics systems enabling complete traffic flow control. This further creates a demand for appropriate testing requirements to ensure proper function of devices.
The global automated test equipment market by geography is segmented into four regions including North America, Europe, Asia Pacific, and Rest of World (RoW). Market is currently dominated by APAC followed by North America and the trend is expected to remain same during the forecast period too with Asia Pacific growing at a highest CAGR. Some of the key players operating in the automated test equipment market includes Advantest Corporation, Anritsu Corporation, Astronics Corporation, Averna, Chroma ATE Inc., Exicon co., Ltd, National Instruments Corporation, SPEA S.P.A., Teradyne Inc. and Test research Inc. among others.
The report segments the global automated test equipment market as follows:
Global Automated Test Equipment Market – By Type
Global Automated Test Equipment Market – By Component
Global Automated Test Equipment Market – By End User
Global Automated Test Equipment Market – By Geography
North America
Europe
Asia Pacific (APAC)
Rest of World (RoW)
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