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Automated Test Equipment Market Size, Growth & Trend Analysis 2021-2027

On account of high product usability, automated test equipment market size is estimated to exceed USD 11.5 billion by 2027.<br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/146

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Automated Test Equipment Market Size, Growth & Trend Analysis 2021-2027

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  1. Automated Test Equipment Market is projected to reach CAGR 9% by 2027

  2. Key Insights from Automated Test Equipment Market: • On account of high product usability, automated test equipment market size is estimated to exceed USD 11.5 billion by 2027. Electronic components and devices have become an indispensable part of various manufacturing sectors like consumer electronics, aerospace & defense, automotive, information & communication technology (ICT), etc. The prominence of these components has been further impelled by the increased inclination towards high-end technologies like artificial intelligence (AI) and Internet of Things. • This has led to an increased demand for automated test instruments which play a vital role in reducing the time to market and delivering high-quality standards for several advanced functionalities. They help in performing accurate tests and minimizing the chances of error.

  3. Regional Insights in Automated Test Equipment Market: • On the regional terrain, Europe is emerging as the prominent growth avenue for automated test equipment market and is expected to register a robust CAGR of 5% through 2027. The growth can be ascribed to the heightened demand for semiconductor and innovative chip technology among the automotive OEMs in the region. Besides, growing inclination towards high-degree reliability and quality in automotive electronic systems like LiDAR, ADAS, AI sensors, etc. is urging semiconductor companies to invest in automated test equipment.

  4. Latest Research Report On Automated Test Equipment Market@ https://www.gminsights.com/industry-analysis/automated-test-equipment-ate-market-size Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/146

  5. Major Companies in Automated Test Equipment Market: • Advantest Corporation • ASM Pacific Technology • Astronics Corporation • National Instruments Corporation • Cohu, Inc. • Teradyne Inc. • Tokyo Electron Limited

  6. Industry Coverage

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