Rising technological advancements coupled with need for effective testing should positively impact the Automated Test Equipment (ATE) Market share
Global automated test equipment (ATE) market is estimated to grow at a rate of 2.6% over the period of 2015 to 2022. Growing electronic content in automobiles along with strong demand for system on chip is expected to spur the industry trends over the next few years.
Favorable features such as minimized costs, improved product quality, and testing repeatability will notably drive the ATE demand. Moreover, miniaturization has significantly added towards the growing popularity of ATE across various sectors such as defense, telecommunications, IT,.
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Non-memory automated test equipment (ATE) market is set to exceed USD 3 billion due to high adoption in microcontroller based applications. Memory ATE is expected to have steady growth over the forecast timeline owing to the cyclical growth variations in comparison to non-memory semiconductors.
Expansion of smartphone sector coupled with LTE will have a positive impact on revenue. Discrete equipment segment is anticipated to grow at a about 3% from 2015 to 2022.
Automated test equipment (ATE) market finds widespread application across consumer electronics, telecommunication & IT, automotive, and defense sectors. Automated test equipment industry (ATE) size in the automotive sector is expected to grow considerably over the coming years.
Large application of semiconductor devices in the automotive electronics industry is projected to drive the growth.
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IT & telecommunication applications approached USD 2 billion in 2014 due to the improved networking capacities and persistent product quality. Elevation in demand for consumer devices like tablets, smartphones, computers and laptops will spur the automated test equipment (ATE) market growth in consumer electronics applications.
With the growing enterprise mobility trend and increased disposable income levels, mobile devices have witnessed a sharp rise over the past few years.
Consumer electronics sector is anticipated to grow significantly over the coming five years and is forecast to drive the automated test equipment (ATE) market growth over the coming timeframe. The rising adoption of electronic devices such as smartphones, computers, and tablets will augment the ATE industry growth.
North America automated test equipment (ATE) market accounted for more than 14% of the global revenue in 2014 and is predicted to exhibit lucrative growth over the coming years, owing to surging investment in R&D of the defense sector. In addition, eye-catching advancement across the telecommunication sector will also contribute substantially towards the market growth over the coming timeframe.
U.S will contribute majorly towards the regional growth.
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Mergers & acquisitions and enhancement in R&D activities will be the major growth strategies adopted by the industry giants over the coming timeframe. Advantest, Teradyne, and LTX-Credence, National Instruments Corporation, Aeroflex Inc., Cal-Bay Systems Inc., Advint, LLC, Anritsu, and Agilent Technologies are few of the major players in the automated test equipment (ATE) market.
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