NEW YORK, July 3, 2021 /PRNewswire/ --
The automated test equipment market is poised to grow by USD 1.63 billion during 2021-2025, progressing at a CAGR of over 4% during the forecast period.
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Read the 120-page report with TOC on "Automated Test Equipment Market Analysis Report by End-user (Consumer electronics, Telecommunications, Aerospace and defense, and Others), Geography (APAC, North America, Europe, South America, and MEA), and the Segment Forecasts, 2021-2025".
The market is driven by the augmented production of electronic goods. In addition, the growth of the telecommunications industry is anticipated to boost the growth of the automated test equipment market.
The global electronic industry is expected to witness strong growth during the forecast period. Countries such as China, Japan, and Singapore are witnessing a significant increase in the export of electronic goods. Besides, the increasing use of the internet through smartphones is encouraging electronic device manufacturers to introduce new technologies such as LTE, 4G, and 5G. Moreover, the growing demand for low-cost smartphones in developing regions is increasing the demand for automated test and measurement equipment to ensure quality and reliability. All these factors are positively influencing the growth of the global automated test equipment market.
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Major Five Automated Test Equipment Companies:
Advantest Corp.
The company offers a wide range of automated test equipment under the product lines, SoC test systems, memory test systems, SSD test systems, system level test systems, and test cell and automation solutions.
Aimil Ltd.
The company offers various automated test systems such as Prime Fully Automatic Compression Testing Machine, Automatic or Manual Digi Mortar Mixer, Automatic Blaine Apparatus, Aimil GDS Automatic Triaxial Testing System, and others.
Anritsu Corp.
The company offers various automated test equipment such as Access Master MT9083 OTDR, Network Master Pro MT1000A, and Network Master Pro MT1000.
BAE Systems Plc
The company offers comprehensive automatic test equipment for electronic systems used in both military and commercial applications.
Chroma ATE Inc.
The company provides integrated and fully automated turnkey electronic test and manufacturing solutions for technologies comprising of semiconductor, solar cell or module, optoelectronic, and battery formation, test, and grading production solutions. Some of the key offerings include LCD test equipment, regenerative battery pack test system, battery cell formation system, and others.
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Automated Test Equipment Market End-user Outlook (Revenue, USD Billion, 2020-2025)
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Consumer electronics - size and forecast 2020-2025
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Telecommunications - size and forecast 2020-2025
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Aerospace and defense - size and forecast 2020-2025
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Others - size and forecast 2020-2025
Automated Test Equipment Market Geography Outlook (Revenue, USD Billion, 2020-2025)
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APAC - size and forecast 2020-2025
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North America - size and forecast 2020-2025
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Europe - size and forecast 2020-2025
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South America - size and forecast 2020-2025
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MEA - size and forecast 2020-2025
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