Semiconductor and Electronic Survey

The   Automated Test Equipment Market   is expected to grow from USD 7.0 billion in 2022 to USD 8.8 billion by 2027; it is expected to grow at a CAGR of 4.7 % during the forecast period. The growth of the Automated Test Equipment Market is expected as automated test equipment process reduces manufacturing time and costs and has huge opportunity in automotive sector. Major Players in the Automated Test Equipment Market have primarily adopted acquisition and collaboration strategies to strengthen their position in the market. In January 2022, Chroma ATE acquired 100 percent of the shares of Environmental Stress Systems, Inc. (ESS). The main product of ESS consists of thermal forcing systems that can reach temperatures ranging from 104°C to +175°C. This technology will enable Chroma ATE to grow its expertise in temperature control in semiconductor test equipment and meet the testing requirements of the wafer market for extremely low and high temperatures. In September 2021, National Instr

The   Automated Test Equipment Market   is expected to grow from USD 7.0 billion in 2022 to USD 8.8 billion by 2027; it is expected to grow at a CAGR of 4.7% during the forecast period. Major factors driving the growth of the automated test equipment market are expected to be driven by the rising application in consumer electronics. Likewise, with technological advancement in automotive sector has increased significantly, creating lucrative opportunities for the market players.    The automotive and transportation segment is projected to register the highest CAGR  during the forecast period. With the extensive demand for sophisticated electronic systems for luxury cars and sport utility vehicles (SUVs), ATE are likely to witness high demand from the automotive sector. The importance and necessity of semiconductor devices, such as power devices and modules, has been increasing in automotive applications such as modernized vehicles, hybrid electric vehicles, and other applications in the