Global Automated Test Equipment Market, By Type of Test Equipment (Memory, Non-memory, Discrete and Test Handlers), Component (Industrial PCs, Mas Interconnect, Handler, Prober, Semiconductor and Others), Application (Defence, Consumer Electronics, IT and Telecommunications, Automotive, Healthcare and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the automated test equipment market will exhibit a CAGR of 3.96% for the forecast period of 2021-2028. This means that the automated test equipment market value will rise by USD 5.28 billion 2028. Rising need and demand for consumer electronics, rising application of system- on chip and growing demand for cost effective testing are some of the major factors driving the growth of automated test equipment market.
Automated test equipment is a technology that is used to perform tests on devices. Automated test equipment is a machine that uses automation and control systems to perform tests. The tests are measured to evaluate devices under test (DUT), check their performances and find any defects if any. This in turn prevents a faulty device from entering into the market. Automated test equipment helps to save the manufacturing cost and finds application in sectors such as defence, consumer electronics, IT and telecommunications, automotive, healthcare and others.
Rising demand and adoption of connected devices coupled with rising demand for cost effective testing of devices is responsible for the unprecedented growth of the automated test equipment market. Rising complexities in the designs of consumer electronic devices will further create lucrative growth opportunities for the automated test equipment market. Strong demand and application of automated test equipment by the various end user verticals such as defence, consumer electronics, IT and telecommunications, automotive, healthcare and others is also responsible for fostering the market growth rate. Automated test equipment helps to reduce the manufacturing cost and the time involved in the manufacturing process. This in turn will further induce growth in the demand for automated test equipment globally.
However, high competition among the existing and emerging key players in the industry will derail the automated test equipment market growth rate. Also, high costs associated with automated test equipment will pose a big time challenge to the market growth rate. High expenditure required for research and development activities on automated test equipment will further create hindrances for the growth of the market.
This automated test equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automated test equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automated Test Equipment Market Scope and Market Size
The automated test equipment market is segmented on the basis of type of test equipment, component and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type of test equipment, the automated test equipment market is segmented into memory, non-memory, discrete and test handlers.
- On the basis of component, the automated test equipment market is segmented into up industrial PCs, mas interconnect, handler, prober, semiconductor and others.
- On the basis of application, the automated test equipment market is segmented into defence, consumer electronics, IT and telecommunications, automotive, healthcare and others.
Automated Test Equipment Market Country Level Analysis
The automated test equipment market is analysed and market size, volume information is provided by country, type of test equipment, component and application as referenced above.
The countries covered in the automated test equipment market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automated test equipment market and will continue to flourish its dominance during the forecast period. This is because of the huge demand and application for automated test equipment from defence and aerospace industry. Asia-Pacific on the other hand is set to record the highest CAGR for the forecast period owing to the steady growth in the industrial automation.
The country section of the automated test equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automated Test Equipment Market Share Analysis
The automated test equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the automated test equipment market.
The major players covered in the automated test equipment market report are Virgina Panel Corporation, MAC Panel Company, NATIONAL INSTRUMENTS CORP., SPEA S.p.A., Teradyne Inc., ADVANTEST CORPORATION, Cohu, Inc., Astronics Corporation., Chroma Systems Solutions, Inc., Averna., Shibasoku Co., Ltd., Hangzhou ChangChuan Technology Co., Ltd.., ROOS INSTRUMENTS, INC., STAr Technologies Inc., Aeroflex USA, Inc., Danaher, Aemulus Corporation Sdn Bhd., Marvin Test Solutions, Inc., miconindia.com and METTLER TOLEDO. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Automated Test Equipment Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.