Automated Test Equipment (ATE) Market Is Projected To Be Around $5.14 Billion By 2022
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A research study titled, “Automated Test Equipment (ATE) Market by Product and Application - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Automated Test Equipment (ATE) Market Is Projected To Be Around $5.14 Billion By 2022.
The global Automated Test Equipment (ATE) Market was worth USD 3.69 billion in the year of 2012 and is expected to reach approximately USD 5.14 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 3.04% during the forecast period. Automatic test equipment or automated test gear (ATE) is any mechanical assembly that performs tests on a device, known as the device under test (DUT), equipment under test (EUT) or unit under test (UUT), utilizing mechanization to rapidly perform estimations and assess the test outcomes. An ATE can be a complicated system containing dozens of complex test instruments, or a basic computer-controlled digital multimeter prepared to do naturally testing and diagnosing issues in modern electronic bundled parts or on wafer testing, incorporating system on chips and incorporated circuits. ATE is broadly utilized as a part of the electronic production industry to test electronic systems and components post fabrication. ATE is likewise used to test avionics and the electronic modules in cars. It is utilized as a part of military applications like radar and remote correspondence.
The global Automated Test Equipment market has encountered substantial development in the recent years and is anticipated to witness significant growth due to rising implementation of System on Chip (SoC) and rising requirement for consumer gadgets. Technological advancements and growth of are cost-effective equipment are key trends influencing the development of the market. Rising number of electronic in the automotive industry and advent of smartphones is foreseen to positively influence the growth of the market. Moreover, expanding design complexity and the demand for suitable testing are likewise expected to spur the demand over the conjecture time frame.
On the basis of product the Automated Test Equipment market is segmented into discrete automated test equipment, Non-memory automated test equipment and Memory automated test equipment. On the basis of application the market is segmented into IT & Telecommunication, automotive, consumer and defense. The major players in the market are Teradyne Inc, Advantest Corporation and Teradyne Inc. Geographically, the market is segmented into North America, Europe, Asia Pacific and Rest of the world.
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Key findings of the Automated Test Equipment market
- Non-memory ATE ruled the worldwide market and represented more than 75 percent of the general share of the market in 2013. This is fundamentally because of expanded advent of cell phones into the market, extension of Long Term Evolution (LTE) remote correspondence standard, expanded demand request, and developing number of microcontroller-based applications.
- In 2013, IT and telecommunication represented more than half of the general piece of the overall industry which can be ascribed to the advent of computers, tablets and smartphones and in the market and expanded accentuation on powerful correspondence. Car application segment is relied upon to witness noteworthy development attributable to expanded joining of modern electronic gadgets in automobiles.
- In 2013 Asia Pacific represented a share of 70 percent of the overall market and is anticipated to develop at a significant rate in the upcoming years owing to the existence of vast semiconductor industries and rapid advancements in technology.