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Automated Test Equipment Market Size in Non-Memory Segment is Grow At A CAGR of 2.8% by 2022

Author : Ronak Bora | Published Date : 2019-06-03 

Discrete, memory and non-memory are the major products of the global automated test equipment market size. Non-memory automated test equipment market, which contributed towards a major portion of the overall revenue in 2014, is projected to register a CAGR of 2.8% over the period of 2015 to 2022. The attributing factor towards the industry growth is surging microcontroller- based applications such as sensors, anti-lock braking system, and smart grid. Additionally, escalating demand for automobiles and smartphones will influence the growth considerably.

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The automated test equipment 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 market growth.

Growing smartphone penetration is a major factor catalyzing the market share as the introduction of advanced technological features in these gadgets has in turn increased the design complexities. Also, rising consumer electronics demand, use of electronic equipment in vehicles, growing trend of miniature devices in sectors like defense and IT & telecommunication are also fueling the market share.

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ATE application revenue in 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 automated test equipment market size to reach USD 1.3 billion by 2022.

APAC automated test equipment 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 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.

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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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