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Automated Test Equipment Market Will Estimated to Generate A Revenue of Reach USD 2.20 Billion from IT & Telecommunication industry

Author : Ronak Bora | Published Date : 2019-05-20 

Automated Test Equipment Market in 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.

ATE product market can be segmented as Non-memory, Memory, and Discrete. Non-memory Automated Test Equipment Market dominated the overall industry accounting for 75% revenue. Rising consumer electronics demand, coupled with growth in the automotive sector will positively impact the industry share, which is expected to grow at a CAGR of 2.8% over the period of 2015-2022. Discrete Automated Test Equipment Market will be the fastest growing product segment registering a CAGR of 3% over the forecast timeframe.

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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 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.

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Asia Pacific, in particular China & India automated test equipment market was valued at over USD 2.5 billion in 2014 with 2.8% CAGR estimations. Growth can be credited to presense of large number of semiconductor industries across the region. In addition, rapid technological advancements and changing customer needs is predicted to positively contribute towards the regional industry.

Mergers & acquisitions and enhancement in R&D activities will be the major growth strategies adopted by the industry giants over the coming timeframe. Advantest, Teradyne, and LTX-Credence, National Instruments Corporation, Aeroflex Inc., Cal-Bay Systems Inc., Advint, LLC, Anritsu, and Agilent Technologies are few of the major players in the Automated Test Equipment Market.

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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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