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Automated Test Equipment Market

Automated Test Equipment Market, [By Type (Non-Memory, Memory, Discrete); By Component (Industrial PCs, Probers, Mass Interconnect, Others); By End-User (Automotive, Healthcare, Consumer Electronics, Aerospace and Defense, IT and Telecommunication, Others); By Region]: Market size & Forecast, 2018 – 2026

Published: Sep 2018
Pages: 101
Format: PDF
Report ID: PM1409
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Report Summary

The global automated test equipment market was valued at $3,628 million in 2017 and is anticipated to grow at a CAGR of 3.9% during the forecast period.

Automatic test equipment is developed to perform tests on different devices. It is a computer-operated machine used to test devices for performance and capabilities. This equipment performs tests to measure and evaluate devices under test (DUT) by using control systems and automated information technology. The primary functionality of automated test equipment is to check and confirm the working of DUT and find defects. Use of automated test equipment saves on manufacturing costs and helps prevent a faulty device from entering the market. Automated test equipment finds application in wireless communication, radar, and electronic component manufacturing among others. Other applications of automated test equipment include testing for electronics, hardware, software, semiconductors and avionics.

The major driving factors of the automated test equipment market include growing need for cost effective testing of devices, and increasing adoption of connected devices. Use of automated test equipment decreases the manufacturing time, while increasing efficiency and throughput, which increases its adoption. The growing application of consumer goods, and advancements and modernization of automobiles supports the growth of the automated test equipment market during the forecast period. The growing commercialization of Internet of Things, and increasing development of autonomous vehicles has accelerated the adoption of automated test equipment. The growing electronic industry, increasing demand for high speed wireless networks, and rising trend of virtual reality boosts the growth of the automated test equipment market. The increasing demand of technologically advanced vehicles from countries such as China, U.S, and Western Europe also increases the demand of automated test equipment.

Asia-Pacific Automated Test Equipment Market Share By Type, 2017 - 2026

Automated-Test-Equipment-Market

Note: Inside circle depicts data for 2017 & outside circle depicts data for 2026

Segment Analysis

The global automated test equipment market is segmented based on type, component, end-user, and geography. Based on the type, the market is segmented into non-memory, memory, and discrete. The non-memory automated test equipment segment dominated the global market in 2017 owing to its wide applications, and technological advancements. The components include industrial PCs, probers, mass interconnect, and others.

The end-user segment is divided into automotive, healthcare, consumer electronics, aerospace and defense, IT and telecommunication, and others. The IT and the telecommunication sector dominated the global market in 2017 owing to growth in the semiconductor industry, rising demand for wireless networks, and increasing adoption of connected devices.

Regional Analysis

Regionally, the automated test equipment market is segmented across North America, Europe, APAC, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. Asia-Pacific accounted for the largest share in the global Automated Test Equipment market in 2017. The presence of semiconductor and consumer electronics industries coupled with rising demand of motor vehicles in the region support the market growth.

SAMPLE TABLE
Asia-Pacific Automated Test Equipment Market, By Type, 2017 - 2026(USD Million)

Automated-Test-Equipment-Market

Competitive Landscape

The vendors in the market are launching new products to meet the growing customer needs. In addition, the leaders in the market are acquiring and collaborating with top companies in the market to enhance their offerings in the market and expand their customer base. The automated test equipment market is highly competitive with the presence of a large number of small and large vendors.

The leading players in the 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., Marvin Test Solutions, Inc, and others.

Key Take-Away