Global Automated Test Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global automated test equipment market in its upcoming report titled, “Global Automated Test Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global automated test equipment market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automated test equipment market is segmented on the basis of product type, application, and region.

Automated test equipment is a computer controlled device or machine designed to test different devices and products for analyzing their performance and functionality. These equipment use control systems and automated information technology (IT) for testing. The device or product which is being tested is known as device under test (DUT).

Increasing adoption of automatic test equipment in automotive, and semiconductor industry is a major factor driving growth of the global automated test equipment market. In addition, changing business models of companies to provide consistent quality to customers is another factor boosting demand of automated test equipment from various industries. Moreover, adoption of automated test equipment aids in reducing cost of semiconductor devices, lowers operation time, and helps in improving efficiency and performance of devices by providing analyzed statistical data.

Major factor hampering growth of the global automated test equipment market is the high associated costs with automated test equipment. In addition, high capital investments, coupled with difficulty in interfacing the device under test (DUT) are some other factors restraining growth of the target market. Nonetheless, penetration of IoT devices, and connected devices is expected to further propel growth of the target market to a significant extent over the forecast period.

North America market accounted for significant market share in terms of revenue and is expected to expand at a CAGR of X.X% over the forecast period. This growth can be attributed to increasing adoption of automated test equipment in aerospace & defense, and telecommunication sector. The market in Asia Pacific is expected to witness highest growth in terms of revenue in the global automated test equipment market. This growth can be attributed to presence of key semiconductor manufacturers in countries such as China, Japan, Taiwan.

Global automated test equipment market segmentation:

Segmentation on the basis of product type:

• Non-Memory automated test equipment
• Memory automated test equipment
• Discrete automated test equipment

Segmentation on the basis of application:

• Automotive
• Consumer electronics
• Defense
• IT& Telecommunications

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa