The Global Automated Test
Equipment Market is expected to reach USD 4.48 billion
by 2020, according to a new study by Grand View Research, Inc. Increased demand
for consumer electronics is expected to drive the market over the forecast
period. Increased design complexity due to adoption of system on chip has
resulted in need for effective testing, which is expected to favorably impact
the market.
Fluctuating demand for
semiconductors is expected to pose a challenge to the growth of this market due
to its adverse effects on the profitability of industry participants. Consolidated
nature of the market may prove to be a barrier for industry growth. Expansion
of wireless networks and significant developments in the manufacturing process
of semiconductors are factors conducive for market growth over the next six
years.
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Further key findings from the study
suggest:
- Non-memory ATE dominated the global market and accounted for over 75% of the overall market share in 2013. This is primarily due to increased proliferation of smartphones into the market, expansion of Long Term Evolution (LTE) wireless communication standard, increased automotive demand, and growing number of microcontroller-based applications.
- IT & telecommunication accounted for over 50% of the overall market share in 2013, which can be attributed to the proliferation of computers, smartphones and tablets in the market and increased emphasis on effective communication. Automotive application sector is expected to witness significant growth owing to increased integration of sophisticated electronic devices in automobiles.
- Asia Pacific is expected to be the market leader over the next six years, and accounted for over 70% of the market in 2013, owing to the presence of large number of semiconductor industries in the region and rapid technological advancements. RoW is expected to witness significant growth over the forecast period.
- Key industry participants include National Instruments Corp., LTX-Credence Corporation, Agilent Technologies Inc., Cal-Bay Systems, Aeroflex Inc., Anritsu Co., SPEA S.p.A, Advantest Corporation, Teradyne Inc., Advint LLC, and Rohde & Schwarz GmbH & Co. KG among others.
For the purpose of this study, Grand View Research has
segmented the global Automated Test Equipment (ATE) market on the basis of
product, application and region:
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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