Automated Test Equipment (ATE) Market Dynamics: Expected Growth and Key Drivers
The Automated Test Equipment (ATE) Market is projected to expand from USD 7.0 billion in 2022 to USD 8.8 billion by 2027, reflecting a CAGR of 4.7% during the forecast period.
This growth is driven by the increasing complexity of electronic devices and the demand for efficient, reliable testing solutions in industries such as automotive, aerospace, and consumer electronics. The rapid advancements in semiconductor technology, coupled with the need for high-speed and high-accuracy testing capabilities, further fuel the ATE Industry. Additionally, the growing trend towards automation in manufacturing processes enhances the adoption of ATE systems, ensuring quality control and reducing production costs. The ATE market's expansion is also supported by the rising investments in research and development to innovate and improve test equipment, catering to the evolving requirements of various end-use industries.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237275050
The sudden outbreak and widespread impact of the COVID-19 pandemic significantly affected the Automated Test Equipment (ATE) market growth, with disruptions expected to continue until global supply chains normalize. During the last few months of 2020, the semiconductor industry faced severe supply shortages due to manufacturing unit shutdowns and slowed logistics activities. However, a swift recovery is anticipated in the post-pandemic period, driven by an increase in semiconductor fabrication processes. This resurgence is expected to bolster the demand for ATE systems, as manufacturers ramp up production to meet the rising needs of various end-use industries, ultimately supporting the market's steady growth trajectory.
Printed Circuit Board Testing to witness the highest CAGR during the forecast period.
A printed circuit board (PCB) is a fundamental component of any electronic circuit, essential for providing mechanical support and electrical connections for various components. The increasing use of surface-mount components and the integration of multiple layers have significantly enhanced the complexity of PCBs. These boards are crucial across an extensive range of applications, all requiring precise functionality according to project specifications. As semiconductor fabrication technology advances, modern electronic circuits incorporate hundreds of components with multiple welds and interconnects, driving the demand for more sophisticated and reliable PCBs. Consequently, the PCB market is expected to grow at the highest CAGR during the forecast period, fueled by the rising complexity and proliferation of advanced electronic devices.
Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=237275050
Industrial PCs is expected to have the largest market size during the forecast period
Industrial PCs have dominated the Automated Test Equipment (ATE) market due to their pivotal role as controllers within these systems. Specifically designed for rugged industrial environments, industrial PCs are housed in robust rack-mounting enclosures, minimizing the need for extensive wiring and enhancing durability. These PCs are integral to controlling machinery and other electrical systems, offering high resistance to vibration, noise, temperature fluctuations, and dust. Their resilience and reliability make them indispensable in demanding industrial settings, thereby driving their widespread adoption and market dominance in the ATE sector.
Semiconductor Fabrication to have the largest market size during the forecast period.
In recent years, the growing demand for semiconductors has led front-end semiconductor fabrication facilities, or fabs, to operate above 80% capacity utilization, with some reaching as high as 90-100%. However, due to the intricate and complex nature of semiconductor fabrication, ramping up capacity utilization is a time-consuming process. The semiconductor industry is making significant strides in increasing fab capacity utilization to meet the soaring demand, driven by the current global chip shortage. This heightened demand underscores the critical need for expanding production capabilities to ensure a steady supply of semiconductors across various industries.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/automated-test-equipment-market-237275050.html
China to grow with the highest CAGR in APAC region during the forecast period
China is projected to grow at the highest CAGR in the APAC region, solidifying its status as a global manufacturing hub for industries such as electronics, semiconductors, and automotive. As one of the fastest-growing economies worldwide, China showcased its resilience during the pandemic by developing and designing a range of medical devices, thereby reinforcing its production capabilities under challenging circumstances. Additionally, China’s emergence as one of the world’s fastest-growing consumer markets, rivaling the US and Western European countries, is expected to boost the demand for automated test equipment (ATE). This demand will be driven by the need for efficient design, development, and testing of consumer appliances and other peripheral electronics in the country.
The Report Profiles Key Players in the Automated Test Equipment Companies and analyzes their market shares. Players profiled in this report are Advantest Corporation (Japan), Teradyne (US), National Instruments (US), Chroma ATE (Taiwan), Astronics Corporation (US), STAr Technologies (Taiwan), Roos Instruments (US), Marvin Test Solutions (US), Cohu (US), and OMRON Corporation (Japan), TESEC Corporation(Japan), Danaher(US), ESPEC North America(US), JTAG Technologies(Netherlands), Vaunix(US), JFW Industries(US), Aemulus(Malaysia), Festo(Germany), Nikon Metrology(Belgium), Carl Zeiss AG (Germany), Viscom AG(Germany), Keysight Technologies(US), Artiflex Engineering(South Africa), Vitrox Corporation(Malaysia), Saki Corporation(Japan), Test Research Inc. (TRI)(Taiwan), ShenZhen J-wide Electronics Equipment Co., Ltd.(China), CHINO(US).
News Covered:
Comments
Post a Comment