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Increasing Popularity of Wireless Networks to Positively Impact the Automated Test Equipment Market 2022

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International-Industry -News
Increasing Popularity of Wireless Networks to Positively Impact the Automated Test Equipment Market 2022

Automated Test Equipment Market

The global automated test equipment as per Market Research Future (MRFR) is anticipated to garner a CAGR of 3.5% over the assessment period between 2016 and 2023.

The global market is expected to grow during the period due to a number of key factors. The increasing mobility of devices across companies in semiconductor manufacturing has boosted the demand for the global market. The fast-paced penetration of smartphones across the world and the booming electronic content in the automotive industry are some of the other likely factors that are anticipated to boost the global automated test equipment market in the coming years. Add to this, an upsurge in demand for mobile automated solutions and the booming popularity of wireless networks in a number of developed as well as developing regions are forecasted to stimulate a positive market growth of automated test equipment. It is also worth noting that the rising complexities in designs alongside the latest introduction of technologically advanced innovations is strikingly driving the global automated test equipment market towards a positive side.

Amidst the positives, the obsolescence of technology and other technical limitations are most likely to dampen the overall projected growth of the global market during the forecast period.

Market Segmentation

The global automated test equipment market is segmented in terms of application, component, and type.

By component, the market segments into probers, mass interconnect, industrial PC, semiconductors, and handlers.

By application, the market includes aerospace and defense, consumer electronics, telecommunications, automotive, and others. Among these segments, the telecommunication industry has the highest share in the global market. The segment is further anticipated to grow at a notable pace to remain at the top of the automated test equipment market standings.

By type, the market divides into non-memory automated test equipment, memory automated test equipment, and discreet automated test equipment. Herein, the non-memory automated test equipment holds the highest market share portion.

Regional Analysis:

The geographical analysis of the global automated test equipment market is covered across — Asia Pacific (APAC), North America, Europe, and the Rest of the World (ROW). These regions are further broken down to a country-level basis for detailed study. North America is the largest regional market, and its valuation is anticipated to reach USD 1,564.94 Mn by 2022 up from USD 1,272.80 Mn in 2016. Early adoption of technological developments in the region is expected to provide impetus to the growth of the automated test equipment market in the region. Asia Pacific is estimated to value at over USD 1200 Mn by 2022 reflecting a relatively higher CAGR of 4.3% across the evaluation period.

Competitive Dashboard:

ATE Inc. (Taiwan), Astronics Test Systems (U.S.), Cobham Plc (U.K.), Agilent Technologies Inc. (U.S.), Advantest Corporation (Japan), Teradyne Inc. (U.S.), LTX-Credence Corporation (U.S.), National instrument Corporation (U.S.), Roos Instrument Inc. (U.S.), and Marvin Test Solution Inc. (U.S.) are some of the prominent players of the automated test equipment market. Technological advancements being introduced by these players are anticipated to spur competitiveness in the global market place. Increasing investments in the expansion of regional base of the players are expected to impact the landscape of the automated test equipment market favorably over the next couple of years. The growth approaches anticipated to be witnessed in the market in the foreseeable future are product development, mergers & acquisitions, technological developments, collaborations, partnerships, etc.

More Information@ https://www.marketresearchfuture.com/reports/automated-test-equipment-market

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]

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