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Automated Test Equipment Market 2019Description: -
The global automated test equipment market is anticipated to reach around $5,058 million by 2026. In 2017, Asia-Pacific accounted for the majority share in the global Automated Test Equipment market.
The expanding range of consumer electronic devices coupled with growing complexity in design of consumer electronic devices majorly drives the automated test equipment market growth. The adoption of automated test equipment has increased significantly owing to growing need for effective testing in semiconductor and electronics industry, and shift towards energy efficient ICs. Other factors driving the market growth include technological advancements, modernization of vehicles, development of autonomous vehicles, and rising demand for wireless networks. New emerging markets, emerging consumer demographics, and commercialization of Internet of Things would provide growth opportunities for Automated Test Equipment market in the coming years.
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Key Players
The major players in the automated test equipment market include Teradyne, Inc., Roos Instruments, Inc., National Instruments Corporation, Star Technologies, Inc., Aeroflex, Inc., LTX-Credence Corporation, Danaher Corporation, Aemulus Holdings, Chroma ATE, Inc., and Marvin Test Solutions, Inc.
In 2017, Asia-Pacific accounted for the highest share in the global automated test equipment market. The established semiconductor and consumer electronics industries, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The increasing modernization of vehicles, and growth in the global automotive industry further accelerate the adoption of automated test equipment. The increasing economic growth in countries such as China and India also increases the adoption of automated test equipment in the region. Expansion of global players into these countries to tap market potential boosts the automated test equipment market growth. The high penetration of electric vehicles in the region coupled with increasing development of autonomous vehicles promotes the adoption of automated test equipment. The rising demand for wireless networks and growth in penetration of connected devices supports the market growth in the region.
Drivers and Risks
In addition to providing an understanding of the fundamental dynamics molding the Automated Test Equipment market, the report also investigates the numerous volume trends and the pricing history as well as the market value. A number of potential growth factors, risks, and opportunities are also evaluated to get an acute grasp of the overall market.
Regional Description
The analysis and the forecast of the Automated Test Equipment market are analyzed not just on a global basis but also on a regional basis. Taking a closer look at the regions wherein the market is concentrated, the report focuses on Middle East & Africa, Europe, Latin America, Asia Pacific, and North America. These regions are studied with respect to the prevalent trends and several opportunities as well as an outlook that could benefit the market in the long run.
Method of Research
With the aim of providing an analysis of the market during the forecast period, the market is examined on the basis of various parameters that form Porter’s Five Force Model. Additionally, the data experts use the SWOT based on which the report is able to give explicit details about the Automated Test Equipment market. The in-depth analysis of the market helps identify and accentuate its main strengths, risks, opportunities, and weaknesses.
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Table Of Contents – Major Key Points
• Overview and Scope
• Executive Summary
• Automated Test Equipment Market Insights
• Automated Test Equipment Market Size and Forecast by Type, 2018-2026
• Automated Test Equipment Market Size and Forecast by Component, 2018-2026
• Automated Test Equipment Market Size and Forecast by End-User, 2018-2026
• Automated Test Equipment Market Size and Forecast by Region, 2018-2026
• Company Profiles
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