Global Automated Test Equipment Market to accrue $3980 Mn by 2024

September 24, 2019

As per the recent study titled ‘Global Automated Test Equipment (ATE) Market Growth 2019-2024’ available with Market Study Report LLC, the global automated test equipment market is predicted to accrue US $3980 million by the year 2025.

Automated test equipment (ATE) is a semiconductor-based machine used for testing different devices. These tests measure and evaluate the devices and single-chip SOC components on various parameters such as memory, digital, and mixed signal. Increasing adoption of the equipment for testing of electronics, software, hardware, and semiconductors will augment the automate test equipment market landscape in the coming years.

According to the report, increasing establishment of market players in the developing countries like Japan and Americas will positively impact the ATE market outlook. Other factors aiding the market growth are the rising adoption of wireless networks around the globe and expansion of semiconductor industry, along with growing R&D activities in the field.

The automated test equipment market is segmented on the basis of product type as wafer ATE and packaged device ATE. While based on application spectrum, the market is fragmented as automotive electronics, computer, industrial/medical, military/aviation, consumer electronics, and communications.

The study highlights that the ATE market is directly impacted by the semiconductor industry. Constant fluctuations in the semiconductor industry, along with the growing technological advancements will positively influence the automated test equipment market growth.

Considering the geographical landscape, the automated test equipment market is divided into four main regions. Mexico, Brazil, Canada, and US comprise the Americas; China, India, Japan, Australia, Korea, and Southeast Asia fall under Asia Pacific; Egypt, Israel, South Africa, Turkey, and GCC countries build Middle East & Africa; and Germany, Italy, Spain, Russia, UK, and France constitute Europe.

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The global automated test equipment market was worth US $3580 million in 2019 and is expected to grow with a CAGR of 2.1% over the analysis period, as per the study. The report offers a comprehensive analysis of the trends, drivers, opportunities, challenges, and restraints impacting the market outlook.

The study examines the automated test equipment industry in accordance with individual growth trends, future growth prospects, and their contributions to the overall market.

The major players of ATE market profiled in the study are LTX-Credence, Astronics, Macrotest, and Chroma among others.

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