Automated Test Equipment Market size worth USD 4.46 billion by 2022

Automated Test Equipment Market size looks set to reach USD 4.46 billion by2022; according to a new research report by Global Market Insights, Inc.These systemsoffer several benefits such as improved operator ergonomics, reduced cost,amplified product quality and testing repeatability.

Furthermore, they enabletesting with lowest degree of human intervention while being a viablehigh-volume testing option. Strong SoC (System on Chip) adoption trends andhigh consumer electronics demand will be the key driving factors throughout theforecast timeframe. Growing electronic content in vehicles along withpenetration of smartphones will drive automated test equipment market size.Miniaturization of devices has spurred ATE demand across numerous applicationareas such as defense, IT and telecommunication.

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Risingtechnological advancements coupled with need for effective testing shouldpositively impact the automated test equipment market share. Developments insemiconductor manufacturing processes accompanied by expansion of wirelessnetworks in developing nations such as China, Japan and India are expected toprovide significant growth throughout the forecast timeline. Semiconductortesting is on the rise owing to benefits offered such as faster time-to-market,reduced-cost, components miniaturization, improved flexibility, technicalcapability, reliability and modularity.

Moreover, high-level integrationincluding RF & wireless technology are the new norms driving the demand foreffective testing solutions.The automatedtest equipment market is primarily dependent upon semiconductor chip volume.The success of consumer devices such as tablets, smartphones and computers hasled to the increase in production activity, thereby positively impacting globalindustry revenue. Additionally, with increasing innovation and new productdevelopment, the rollout of devices may propel the industry growth.

Browse key industry insightsspread across 110 pages with 31 market data tables & 29 figures &charts from the report, "Automated Test Equipment (ATE) Market Size ByApplication (Defense, Automotive, Telecommunication & IT, Consumer), ByProduct (Non-memory, Memory, Discrete), Industry Analysis Report, RegionalOutlook, Application Potential, Competitive Market Share & Forecast, 2015 –2022" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/automated-test-equipment-ate-market-size

Key insights from the report include:

• Non-memory ATE market accounted for over 75% of the overall revenue in2014, it is forecast to grow at 2.8% CAGR. This can be attributed to increasingautomotive demand and growing number of microcontroller-based applications. Thememory segment is likely to witness moderate growth prospect due to morecyclical variations in growth when compared to non-memory semiconductors.
• IT & telecom application accounted for more than 50% of theautomated test equipment market share in 2014. Enhanced network capabilities& consistent product quality offered will drive demand.
• Consumer electronics is predicted to grow at 3.1% CAGR from 2015 to2022. Increasing prominence of consumer devices such as smartphones, computersand tablets will drive segment growth.
• Asia Pacific, in particular China & India automated test equipmentmarket size was valued at over USD 2.5 billion in 2014 with 2.8% CAGRestimations. Growth can be credited to presense of large number ofsemiconductor industries across the region. In addition, rapid technologicaladvancements and changing customer needs is predicted to positively contributetowards the regional industry.
• U.S. ATE market size is anticipated to grow at 2.5% CAGR from 2016 to2022. Rising investment in defense sector as well as advancements intelecommunication sector justifies the regional growth.
• Major industry participants comprise Teradyne, Advantest, and LTX. Otherprominent partners include Advint, Aeroflex, Agilent Technologies, Anritsu,Cal-Bay Systems, and National Instruments Corporation.

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