New York City, 03 Feb 2020: The global automated test equipment market is
anticipated to reach around $5,058 million by 2026 according to a new research
published by Polaris Market Research. 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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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.
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. These companies launch new products and collaborate with other
market leaders to innovate and launch new products to meet the increasing needs
and requirements of consumers.
About Polaris Market Research
Polaris Market Research is a global market research and consulting
company. The company specializes in providing exceptional market intelligence
and in-depth business research services for our clientele spread across
different enterprises.
Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
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