The global Automated Test Equipment Market size is anticipated to reach USD 8.68 billion by 2027. It is also expected to register a 3.4% CAGR during the forecasted period, 2020 to 2027. The rising demand for consumer electronics and connected devices coupled with the need for quality improvement prevailing among several industries is projected to drive the market growth across the globe.
STAR Technologies Inc.
Chroma ATE Inc.
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Market Synopsis of Automated Test Equipment Market:
The non-memory ATE product segment dominated the global market in 2019 on account of their rising usage for the manufacturing of SoC-based products, tablets, and smartphones. Further, rapid technological advances being carried out by ATE manufacturers are driving the market growth for this segment.
The IT & telecommunications segment is anticipated to witness substantial growth during the forecasted years on account of increasing usage of such equipments for carrying out automation processes. While the consumer segment contributed a share of 26.0% across the global market owing to increasing demand for consumer electronics.
The Asia Pacific is expected to account for the largest share across the global market in the upcoming years owing to the rising presence of semiconductor manufacturers in countries like Taiwan and China. While North America is also projected to hold a significant share on account of the surging need for such equipment for testing and measurement across the aerospace and defense sector.
The ATE market includes key players such as Astronics Corporation, STAR Technologies Inc., Chroma ATE Inc., Danaher Corporation, and Tesec Corporation. These players are investing hugely in R&Ds to gain a competitive advantage and to widen their product reach for several applications.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Automated Test Equipment: Market Variables, Trends & Scope
Chapter 4 Automated Test Equipment: Product Estimates & Trend Analysis
Chapter 5 Automated Test Equipment: Application Estimates & Trend Analysis
Chapter 6 Automated Test Equipment: End-use Estimates & Trend Analysis
Chapter 7 Automated Test Equipment: Industrial End-use Estimates & Trend Analysis
Chapter 8 Automated Test Equipment: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Automated Test Equipment: Manufacturers Company Profiles
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