Automated Testing Equipment Market.PDF
The Global Automated Test Equipment Market is projected to witness the growth at a
CAGR of XX.XX% during the forecast period to reach a total market size of US$XX.XX
billion by 2022, increasing from US$XX.XX billion in 2017. The surge in the market is
expected owing to the rise in demand for consumer electronics, increasing design
complexity requiring more effective testing, reduction in manufacturing time and
testing of new technologies that are being developed for final use.
The IT & Telecommunication market occupied significant portion of the market as a
result of a rapid increase in the number of smartphones, tablets, computers etc. in the
market in line with the growing importance of effective communication. However, the
automotive sector is expected to exhibit considerable growth due to rising integration
of advanced electronics devices in vehicle.
APAC region had been dominating the market and is anticipated to do so during the
forecast period. This can be attributed to the presence of large number of
semiconductor industries in the region. Changing customer needs and technological
developments is expected to boost the demand in the region.
The Automated Testing Equipment Market is competitive owing to presence of well
diversified international, regional and local players. However, some big international
players dominate the market share owing to their band image and market reach. The
high market growth and favourable government policies are further attracting more
players in the market while enhancing the competitive rivalry. The competitive
landscape details strategies, products, and investments being done by key players in
different technologies and companies to boost their market presence.
Automated Testing Equipment Market – Forecasts from 2017 to 2022