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Automated Test Equipment Market Size in Consumer Electronics Segment is Expected to Reach USD 1.3 Billion by 2022

Author : Ronak Bora | Published Date : 2019-05-29 

Based on application automated test equipment market can be segmented as Defense, Automotive, Telecommunication & IT, Consumer Electronics. 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 automated test equipment market size to reach USD 1.3 billion by 2022.

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Rising design complexity coupled with the need for efficient testing will propel the industry growth. Cost reductions, higher product quality and improved ergonomics are benefits offered by these systems. Rising adoption trends such as System on Chip (SoC) and increasing demand for consumer electronics will propel the industry growth. Improving the battery life remains the cornerstone of several manufacturers’ design efforts, in light of increased demand for portability and miniaturization this will also fuel the automated test equipment market.

High penetration of electronics in automobiles along with rising adoption of smartphones and compact devices has surged the demand for ATE among various sectors such as IT and telecommunication, defense, etc.

The automated test equipment market is mainly dependent on semiconductor chip availability. Increasing demand from smartphones, computers and tablets have pushed the production capacity thus impacting the revenue of global industry positively. Increasing dependency on semiconductor devices and resulting supply and demand gap may hamper the industry growth.

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Non-memory automated test equipment 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.

The Asia Pacific automated test equipment market primarily led by India & China is expected to witness a significant surge in the coming years mainly owing to the large number of semiconductor companies present in these regions. APAC market is expected to record a CAGR of 2.8 % from 2015-2022.

The US automated test equipment market share will grow at a rate of 2.5% during 2015-2022 primarily due to investment in defense sectors coupled with growth in the telecommunication industry.

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 industry 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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