The report titled Automated Test Equipment Market which was recently added by Kenneth Research, aims at providing the clients with the business growth and investment opportunities present in the market globally. Further, the market is evaluated on various parameters that is covered in the report and further includes market size, market volume and the growth rate over the forecast period, i.e., 2022-2031. The market is further anticipated to grow with a robust CAGR throughout the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automated Test Equipment Market Products.
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The Information and Communications Technologies (ICT) sector in Canada consists of more than 41,500 companies, out of which, over 37,000 companies come under the category of software and computer services industries. Hence, around 89.8% of key players in the ICT industry are involved in software and computer services, 4.5% companies are in ICT wholesaling, 3.4% in communications services and the remaining 2.2% companies are involved in ICT manufacturing in the country, as per the Canadian ICT Sector Profile released by the Government of Canada in 2018.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The global automated test equipment (ATE) is expected to reach USD 4.3 Billion by 2022. The equipment employs the semiconductor chips for testing. Growing demand in computing, consumer and communication industry is expected to fuel the market growth. Furthermore, growing demand and need for efficiency in various end-user segments which include healthcare, consumer electronics, communication, automotive, and defense is anticipated to upsurge the industry growth over the forecast period.
Constant developments in software, computing and instrumentation technology are projected to fuel the innovation and growth in the industry. Growing demand for consumer electronics and rising adoption of SoC is anticipated to boost the market growth over the forecast period. Growing device integration with rising consumer demand for additional features has led to an increase in the number of RF ports.
Furthermore, increasing expansion of wireless networks and developments in semiconductor manufacturing processes in the emerging countries are projected to grow significantly over the period. Increasing miniaturization of devices with numerous features such as high resolution, superior quality cameras, touch screen display across various application areas which include telecommunication, IT and defense has positively influenced the ATE market.
Few other factors driving the market include increased applications of consumer goods, reduced manufacturing time, and increased throughput. Additionally, growing commercialization of the IoT and advancements in the automotive sector will also provide enormous opportunities to the market. The variations in demand of semiconductor have made a supply demand gap which is further causing the revenue generation unpredictable and is affecting the market profitability
The ATE market is categorized based on the product and application. Based on the products, the market is segregated into memory, non-memory and discrete ATE. The non-memory ATE is estimated to contribute significantly with the market share of over 60% in 2016. Enduring innovations in autonomous vehicles and IoT devices in aerospace and defense sector have significantly changed the dynamics of the industry.
The application segment of the ATE market include automotive, defense, consumer electronics, IT & telecommunication and others. The IT & telecommunication application is projected to acquire the major share of the market. It enables the service providers to augment the network with new telecom equipment manufacturers ensuring the consistent quality of the products.
Automotive sector growth can be attributed to the extensive application of semiconductor devices across the automotive electronics such as vehicle infotainment systems, Advanced Driving Assistance System (ADAS). Furthermore, increasing unit production, performance and complexity level of the devices in various electronic products has led to the emergence of growth in semiconductor device technology.
Global ATE Market Revenue, By Application, 2012– 2022 (USD Billion)
Asia Pacific region is estimated to dominate the industry in 2016 and is also anticipated to maintain the dominance over the forecast period owing to the presence of semiconductor industries. Rapid technological advancements with gradually changing customer needs have led to the positive impact to the market. Presence of major electronic manufacturing and semiconductor companies in the countries such as Japan, China, Taiwan has significantly contributed to the industry growth.
Furthermore, North America region is projected to grow steadily owing to the increased adoption of automated test equipment in defense and telecommunication sector. Increasing demand of ATE from automotive manufacturers in Europe region will lead to significant growth.
Key players in the industry include LTX –Credence Corporation, Advantest Co., Advint LLC, Aeroflex Inc., National Instruments Corporation and Teradyne Inc. Maintaining the close relationship with the customers, development of new instrumentation, enhancing the test platforms are few key strategies adopted in the industry.• North America: U.S., Rest of North America
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The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of Automated Test Equipment Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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