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.
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