Automated Test Equipment (ATE) Market Poised to Garner Maximum Revenues during 2021-2031

Transparency Market Research delivers key insights on the global automated test equipment (ATE) market. In terms of revenue, the global automated test equipment (ATE) market is estimated to expand at a CAGR of 3.9% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global automated test equipment (ATE) market.

The global automated test equipment (ATE) market is broadly affected by several factors, including a rise in the demand for ATE from the consumer electronics industry.

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Automated Test Equipment (ATE) Market: Dynamics

Automated test equipment (ATE) is a useful data acquisition and diagnostic tool for testing various electronics in diverse industries, including defense & aerospace, automotive, consumer electronics, and industrial automation. Automated test equipment is computer-controlled equipment that tests electronic devices for functionality and performance. ATE also conducts stress testing with minimal human interaction. ATE involves the control hardware, sensors, and software that collect and analyze the test results. ATE is considered cost-efficient for high-volume testing.

The global automated test equipment (ATE) market is projected to expand significantly during the forecast years, due to increase in penetration in the consumer electronics industry. Rise in adoption of intricate and miniature components in the last three decades in the consumer electronics industry is also estimated to boost the global automated test equipment (ATE) market during the forecast period. Moreover, technological advancement and growing R&D investments for the development of automated test equipment (ATE) also propel the demand for the global automated test equipment. The demand for ATE is driven primarily by an increase in ST production, intricacy, and performance level of semiconductor devices used in electronic products with new product orientation in semiconductor technology. Furthermore, rise in pricing competition among semiconductor manufacturers has pressurized suppliers to leverage the utilization of capital equipment across semiconductor devices. Increase in application of ATE in the semiconductor assembly and manufacturing industry is expected to drive the demand for ATE. Rise in use of automated test equipment consumer electronics, automotive, and IT & telecommunication industries is also estimated to augment the demand for ATE.

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Moreover, surge in the demand for low-cost consumer products, coupled with a steady rise in adoption in the semiconductor industry, is a major factor driving the demand for ATE. Automated test equipment is a highly expensive device; however, manufacturers offer a cost-effective solution in the long term, as it can be used for testing huge volumes of samples with minimal human intervention. Thus, growing trends toward low-cost consumer devices is expected to fuel the automated test equipment (ATE) market.

Automated Test Equipment (ATE) Market: Prominent Regions

The automated test equipment (ATE) market in Asia Pacific is expected to expand during the forecast period, owing to the presence of key market players; technological advancements; China, Japan, South Korea, and Taiwan offering ample and lucrative opportunities for manufacturers on a long-term basis owing to the rising adoption of smart electronic devices; and growing penetration of IoT ecosystems in homes and corporate places in the region. Asia Pacific held a prominent share of the global market due to increasing government initiatives and rising industrial automation. The expansion of consumer electronics, automotive, and IT & telecommunication Industries coupled with the presence of a well-established supply chain network catering to a wide range of end-users is expected to propel the demand for automated test equipment (ATE) and consequently, drive the global automated test equipment (ATE) market in Asia Pacific. China accounted for a prominent share, in terms of value, among all countries. The automated test equipment (ATE) market in Asia Pacific is projected to expand at a notable CAGR during the forecast period, owing to the presence of a large number of players manufacturing automated test equipment (ATE) in the region.

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Automated Test Equipment (ATE) Market: Key Players

Key players operating in the global automated test equipment (ATE) market are National Instruments Corporation, Advantest Corporation, Cobham Limited, Chroma ATE Inc., Roos Instruments, Teradyne, Inc., Xcerra Corporation, Virginia Panel Corporation, MAC Panel Company, SPEA S.p.A., Marvin Test Solutions, Inc., Testamatic Systems Pvt. Ltd., and Theta Measurement & Control Solutions Pvt Ltd.