PUBLISHER: Lucintel | PRODUCT CODE: 1386530
PUBLISHER: Lucintel | PRODUCT CODE: 1386530
Automated Test Equipment Trends and Forecast
The future of the global automated test equipment market looks promising with opportunities in the semiconductor fabrication, consumer electronic, automotive & transportation, aerospace & defense, and medical sectors. The global automated test equipment market is expected to reach an estimated $9.0 billion by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are growing demand for high-quality electronic products, rising preference for e-vehicles, and emergence of 5G and IoT enabled technologies.
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Automated Test Equipment by Segment
The study includes a forecast for the global automated test equipment by component, type, end use, and region.
Automated Test Equipment Market by Component [Shipment Analysis by Value from 2018 to 2030]:
Automated Test Equipment Market by Type [Shipment Analysis by Value from 2018 to 2030]:
Automated Test Equipment Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
Automated Test Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Automated Test Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automated test equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automated test equipment companies profiled in this report include-
Automated Test Equipment Market Insights
Lucintel forecasts that handler is expected to witness highest growth over the forecast period due to its ability to test complex ics with high fault coverage at a low cost and improves the quality of the tests.
APAC is expected to witness highest growth over the forecast period due to rapid growth of the semiconductor industry in the region.
Features of the Global Automated Test Equipment Market
Market Size Estimates: Automated test equipment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automated test equipment market size by component, type, end use, and region in terms of value ($B).
Regional Analysis: Automated test equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, types, end uses, and regions for the automated test equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automated test equipment market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the automated test equipment market size?
Answer: The global automated test equipment market is expected to reach an estimated $9.0 billion by 2030.
Q.2 What is the growth forecast for automated test equipment market?
Answer: The global automated test equipment market is expected to grow with a CAGR of 3.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the automated test equipment market?
Answer: The major drivers for this market are growing demand for high-quality electronic products, rising preference for e-vehicles, and emergence of 5G and IoT enabled technologies.
Q4. What are the major segments for automated test equipment market?
Answer: The future of the automated test equipment market looks promising with opportunities in the semiconductor fabrication, consumer electronic, automotive & transportation, aerospace & defense, and medical sectors.
Q5. Who are the key automated test equipment market companies?
Answer: Some of the key automated test equipment companies are as follows:
Q6. Which automated test equipment market segment will be the largest in future?
Answer: Lucintel forecasts that handler is expected to witness highest growth over the forecast period due to its ability to test complex ics with high fault coverage at a low cost and improves the quality of the tests.
Q7. In automated test equipment market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid growth of the semiconductor industry in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.