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By 2022, Automated Test Equipment (ATE) Market Will Generate A Revenue of 2.20 Billion USD From IT & Telecommunication Industry

Author : Ronak Bora | Published Date : 2019-05-16 

Based on application automated test equipment (ATE) market segmented into defense, automotive, telecommunication & IT, consumer electronics. The IT & Telecommunication industry is forecast to reach USD 2.20 billion by 2022 driven by huge demand for testing services by communication service providers and telecom equipment manufacturers. Also, rising demand for consumer electronics such as smartphones, tablets, etc. will drive the consumer electronics ATE market to reach USD 1.3 billion by 2022.

Non-memory automated test equipment (ATE) market is set to exceed USD 3 billion due to high adoption in microcontroller based applications. Memory ATE is expected to have steady growth over the forecast timeline owing to the cyclical growth variations in comparison to non-memory semiconductors. Expansion of smartphone sector coupled with LTE will have a positive impact on revenue. Discrete equipment segment is anticipated to grow at a about 3% from 2015 to 2022.

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Automated test equipment (ATE) market share is anticipated to exceed USD 4.46 billion by 2022 due to its rising demand across various sectors such as defense, telecommunications & IT, automotive, and consumer electronics. ATE is used to automatically diagnose and detects faults in the EUT (Equipment under observation) thereby, ensuring faultless product delivery into the business space.

The automated test equipment (ATE) market is expected to witness a sustainable growth, rising at a CAGR of 2.6% over the period of 2015-2022. Commercialization of IoT or Internet of things will create a pool of opportunities for the ATE industry players globally. The design complexities pertaining to these digitized devices will demand for precise testing of these products, thereby boosting the automated test equipment (ATE) market growth.

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Rising technological advancements coupled with need for effective testing should positively impact the automated test equipment market share. Developments in semiconductor manufacturing processes accompanied by expansion of wireless networks in developing nations such as China, Japan and India are expected to provide significant growth throughout the forecast timeline.

APAC automated test equipment (ATE) market is likely to exceed USD 3.5 billion by 2022 due to the presence of many semiconductor manufacturers. Positive regional growth is attributed to rapid technological advancements and changing consumer preferences. North America automated test equipment (ATE) market accounted for over 10% of the total revenue share in 2014. Advancements in telecommunication along with rising investments in defense will surge the demand for this region.

Teradyne, Advantest, LTX., Advint, Agilent Technologies, Aeroflex, Anritsu, Cal-Bay Systems, and National Instruments Corporation are some of the key market players. Expansion of testing platforms and development of new instrumentation will be the major growth strategies adopted by the automated test equipment (ATE) market participants over the next few years.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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