Transparency Market Research delivers key insights on the global automated test equipment (ATE) market. In terms of revenue, the global automated test equipment (ATE) market is estimated to expand at a CAGR of 3.9% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global automated test equipment (ATE) market.
The global automated test equipment (ATE) market is broadly affected by several factors, including a rise in the demand for ATE from the consumer electronics industry.
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Automated test equipment (ATE) is a useful data acquisition and diagnostic tool for testing various electronics in diverse industries, including defense & aerospace, automotive, consumer electronics, and industrial automation. Automated test equipment is computer-controlled equipment that tests electronic devices for functionality and performance. ATE also conducts stress testing with minimal human interaction. ATE involves the control hardware, sensors, and software that collect and analyze the test results. ATE is considered cost-efficient for high-volume testing.
The global automated test equipment (ATE) market is projected to expand significantly during the forecast years, due to increase in penetration in the consumer electronics industry. Rise in adoption of intricate and miniature components in the last three decades in the consumer electronics industry is also estimated to boost the global automated test equipment (ATE) market during the forecast period. Moreover, technological advancement and growing R&D investments for the development of automated test equipment (ATE) also propel the demand for the global automated test equipment. The demand for ATE is driven primarily by an increase in ST production, intricacy, and performance level of semiconductor devices used in electronic products with new product orientation in semiconductor technology. Furthermore, rise in pricing competition among semiconductor manufacturers has pressurized suppliers to leverage the utilization of capital equipment across semiconductor devices. Increase in application of ATE in the semiconductor assembly and manufacturing industry is expected to drive the demand for ATE. Rise in use of automated test equipment consumer electronics, automotive, and IT & telecommunication industries is also estimated to augment the demand for ATE.
Moreover, surge in the demand for low-cost consumer products, coupled with a steady rise in adoption in the semiconductor industry, is a major factor driving the demand for ATE. Automated test equipment is a highly expensive device; however, manufacturers offer a cost-effective solution in the long term, as it can be used for testing huge volumes of samples with minimal human intervention. Thus, growing trends toward low-cost consumer devices is expected to fuel the automated test equipment (ATE) market.
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Key players operating in the global automated test equipment (ATE) market are National Instruments Corporation, Advantest Corporation, Cobham Limited, Chroma ATE Inc., Roos Instruments, Teradyne, Inc., Xcerra Corporation, Virginia Panel Corporation, MAC Panel Company, SPEA S.p.A., Marvin Test Solutions, Inc., Testamatic Systems Pvt. Ltd., and Theta Measurement & Control Solutions Pvt Ltd.
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