Challenges and Opportunities in the Global Automated Test Equipment Market


With a compound annual growth rate (CAGR) of 4.7% throughout the forecast period, the Automated Test Equipment (ATE) Market is anticipated to rise from USD 7.0 billion in 2022 to USD 8.8 billion by 2027. The expanding use of ATE in consumer electronics is anticipated to fuel the ATE market's expansion. The need for ATE in this market is anticipated to be driven by the rising demand for electronic devices and the requirement for quality control. The growing popularity of electric vehicles is also anticipated to fuel the expansion of the ATE industry, as these vehicles need to have their electrical components tested. It is also anticipated that the growing demand for ATE in the automotive and aerospace industries will fuel market expansion. Due to the presence of major manufacturers like Advantest Corporation and Teradyne Inc. there, the Asia Pacific region is predicted to have the greatest share of the ATE market. Overall, the ATE market is anticipated to expand significantly over the next few years as a result of rising demand for electronic devices and the requirement for quality assurance.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237275050

Key Market Players in Automated Test Equipment Industry

  • Advantest Corporation (Japan),
  • Teradyne (US),
  • National Instruments (US),
  • Chroma ATE (Taiwan),
  • Cohu (US),
  • Astronics Corporation (US),
  • STAr Technologies (Taiwan),
  • Roos Instruments (US),
  • Marvin Test Solutions (US), and
  • OMRON Corporation (Japan) are among the key players operating in the Automated Test Equipment Industry.

Driver: Use of Automated Test Equipment reduces manufacturing time and cost

Electronic device and circuit testing can benefit greatly from automated test equipment (ATE), which has numerous advantages over conventional manual testing techniques. The ability to use automated testing to cut manufacturing time and costs is one of the main factors driving the ATE market. ATE entails using an automation tool to carry out test case suites, which may include feeding test data into devices under test (DUTs) and contrasting predicted and actual results. This procedure produces thorough test reports that can be used to find any problems with the gadgets or circuits under test.

Using ATE can significantly speed up and improve the effectiveness of testing, especially for semiconductor devices like printed circuit boards (PCBs). Faster testing periods allow for the creation of more items in less time, which can help to lower total production costs. This is a major driver of the ATE market's expansion, especially in the consumer electronics sector, where time-to-market is crucial and enormous volumes of items are manufactured.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/automated-test-equipment-market-237275050.html

The automotive and transportation sectors are anticipated to have a significant demand for automated test equipment (ATE) during the projected period. The market for advanced electronic systems (ATE) in this sector is anticipated to develop as a result of the rising demand for luxury vehicles and sport utility vehicles (SUVs). Additionally, the growth of the ATE market in the automotive and transportation segment is anticipated to be fueled by the growing significance and necessity of semiconductor devices, such as power devices and modules, in automotive applications like modernised vehicles, hybrid electric vehicles, and other applications in the automotive sector. Electronic control units, mobile communications, security, entertainment, and networking devices are just a few of the electronic components found in these vehicles. Throughout the forecast period, the automotive and transportation segment's growth is anticipated to rise at the greatest compound annual growth rate (CAGR).

Due to the presence of significant fabrication facilities and consumer electronics producers, the North American ATE market, which consists of the US, Canada, and Mexico, is predicted to expand at a significant rate. The greatest CAGR is anticipated for the automotive and transportation sector throughout the projection period because to the strong demand for high-end electronic systems in luxury vehicles and SUVs. Semiconductor devices must be tested prior to use because of their growing significance in automotive applications such as hybrid electric automobiles, updated vehicles, and other automotive applications. As a result, the automobile industry has a strong demand for ATE. The area is technologically advanced since it is home to significant semiconductor firms including Intel, Texas Instruments, Qualcomm, and Advanced Micro Devices.  

News Covered:

https://www.prnewswire.com/news-releases/automated-test-equipment-market-worth-8-8-billion-by-2027--exclusive-report-by-marketsandmarkets-301546849.html 

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers mar...
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Cir...
Read more

Empowering Connectivity: RF Gallium Nitride Market on Track for $2.8 Billion by 2028

With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience significant expansion from its estimated USD 1.5 billion valuation in 2023. Over the course of the forecast period, this projected growth translates into a strong compound annual growth rate (CAGR) of 12.9%. Technological developments, the growing need for high-frequency and high-power devices, and the broad use of GaN technology in a variety of industries, including the automotive, aerospace and defence, and telecommunications sectors, are all considered contributing factors to the market value increase. The market is anticipated to experience substantial growth in the upcoming years as GaN continues to establish itself as a favoured material for RF applications because of its excellent qualities, such as high electron mobility and thermal stability. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597 There are...
Read more