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(ATE) Automated Test Equipment Market in APAC is Likely to Cross USD 3.5 Billion by 2022

Author : Ronak Bora | Published Date : 2019-06-10 

APAC (ATE) 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 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.

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 (ATE) automated test equipment market.

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(ATE) automated test equipment 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 (ATE) 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) automated test equipment market players globally. The design complexities pertaining to these digitized devices will demand for precise testing of these products, thereby boosting the ATE market growth.

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Non-memory (ATE) 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.

IT & telecommunication applications approached USD 2 billion in 2014 due to the improved networking capacities and persistent product quality. Elevation in demand for consumer devices like tablets, smartphones, computers and laptops will spur the (ATE) automated test equipment market growth in consumer electronics applications. With the growing enterprise mobility trend and increased disposable income levels, mobile devices have witnessed a sharp rise over the past few years.

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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 (ATE) automated test equipment 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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