PUBLISHER: Market Research Future | PRODUCT CODE: 1744416
PUBLISHER: Market Research Future | PRODUCT CODE: 1744416
Global Automated Test Equipment Market Research Report by Type (Non-Memory ATE, Memory ATE, and Discrete ATE), By Application (Consumer Electronics, Automotive, Aerospace & Defense, Telecommunication, and Others), by Component (Industrial PC, Mass Interconnect, Prober, Handler, and Semiconductor), Forecast to 2034
At a 14.97% CAGR, the global automated test equipment market is projected to grow from its 2019 valuation of USD 4,471.7 million to USD 33,776.9 million in 2034. The market size, competitive environment, growth prospects, and industry trends and dynamics are all covered in detail in this analysis on the global automated test equipment market.
Given that businesses are spending millions of dollars on research and development as well as testing, the global automated test equipment market is anticipated to have substantial growth prospects in the years to come. The market for automated test equipment is anticipated to grow as a result of the growing demand for products such circuit boards and integrated circuits (ICs) and the use of these products in various industries' final products. Automated test equipment, often known as automatic test equipment (ATE), is computer-controlled apparatus used to test the performance and functionality of electronic devices. Stress testing can also be carried out with less human involvement thanks to automated test equipment. The main components of ATE, which aid in gathering and analyzing test findings, are hardware, sensors, and software. The increasing use of consumer electronics devices and advancements in networking and telecommunications technology are the main drivers of industry expansion. The use of automated test equipment has grown dramatically as a result of the 5G network's rollout in various areas.
Segmentation the Market
The market for automated test equipment is categorized in this research report according to component, type, application, and region/country.
The market has been divided into handling, semiconductor, industrial PC, mass interconnect, and probe based on component.
The global market for automated test equipment has been divided into three segments based on type: memory ATE, discrete ATE, and non-memory ATE.
The market is divided into several segments based on application, including consumer electronics, automotive, aerospace & defense, and telecommunication.
The study covers the following regions: Asia-Pacific, Europe, North America, and the rest of the world. Because of the quick adoption of digital technology, rising investments in the aerospace and defense sector, and expanding semiconductor industry, North America is expected to continue to dominate the market for automated test equipment.
Chroma ATE Inc., Cobham PLC, Astronics Test Systems, Agilent Technologies, Teradyne Inc., Advantest Corporation, LTX-Credence Corporation, Roos Instrument Inc., National Instruments Corporation, Marvin Test Solutions Inc., and Advance Integration LLC are the leading vendors profiled in the global market for automated test equipment.