Automated Test Equipment Market Expected to Witness High Growth over the Forecast Period 2018 – 2026
Posted: Nov 17, 2018
The demand for automated test equipment has increased owing to increasing modernization of vehicles, and growing development of autonomous vehicles. The increasing focus on effective testing methods, and decreased manufacturing cost and time has increased the adoption of automated test equipment to primarily drive the growth of automated test equipment market. The growing application of consumer goods, adoption of connected devices, and commercialization of Internet of Things further boosts the automated test equipment market growth. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
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Automated test equipment is computer-controlled machine aimed at testing electronic devices for functionality and performance. Automatic test equipment is used for assembly line type testing of products, and testing of integrated circuits and printed circuit boards during the manufacturing process. It also conducts stress testing with minimal human interaction. Automated test equipment is a combination of control hardware, sensors, and software to collect and analyse the test results. It is used in various sectors such as automotive, medical equipment, airplane, and other manufacturing industries.
The global automated test equipment market generated USD 3,628 million in 2017 and is anticipated to grow at a CAGR of 3.9% during the forecast period.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:-
Roos Instruments, Inc.
National Instruments Corporation
Star Technologies, Inc.
Chroma ATE, Inc.
Marvin Test Solutions, Inc.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Automated Test Equipment Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
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Asia-Pacific generated the highest revenue in the market in 2017 owing to increasing automotive demand due to increasing disposable income and improving living standards in the region. The established semiconductor industry, along with presence of numerous consumer electronics manufacturers have resulted in increasing adoption of automated test equipment in the region. The increasing development of autonomous vehicles in the region further influences the market growth. The increasing demand for automated test equipment from countries such as Japan, India, and South Korea, along with economic growth in this region is expected to provide growth opportunities during the forecast period.
The global automated test equipment market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
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Corporate Sales, USA
Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.