The Automated Test Equipment Market is expected to grow from USD 7.0 billion in 2022 to USD 8.8 billion by 2027; it is expected to grow at a CAGR of 4.7% during the forecast period. Major factors driving the growth of the automated test equipment market are expected to be driven by the rising application in consumer electronics. Likewise, with technological advancement in automotive sector has increased significantly, creating lucrative opportunities for the market players.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237275050
The automotive and transportation segment is projected to register the highest CAGR during the forecast period. With the extensive demand for sophisticated electronic systems for luxury cars and sport utility vehicles (SUVs), ATE are likely to witness high demand from the automotive sector. The importance and necessity of semiconductor devices, such as power devices and modules, has been increasing in automotive applications such as modernized vehicles, hybrid electric vehicles, and other applications in the automotive sector. The electronic components in these vehicles include electronic control units, mobile communications, security, entertainment, and networking devices. These components and devices represent approximately 30% of the total cost of vehicles. This raises the requirement for testing such semiconductor devices before being used in automotive applications. There is, therefore, a great demand for ATE in the automotive sector.
The scope of the North American ATE Market includes the US, Canada, and Mexico. The region holds the second-largest share of the ATE Market owing to the presence of major fabrication plants and consumer electronics manufacturers. The region is home to a few of the leading semiconductor companies such as Intel (US), Texas Instruments (US), Qualcomm (US), and Advanced Micro Devices (US), which makes the region technologically advanced.
Key Players in the Automated Test Equipment Market are grabbing opportunities by indulging in agreements, partnerships and acquisitions. Product development and expansions were a few of the other strategies adopted by companies in this market to strengthen their market position.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/automated-test-equipment-market-237275050.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
