Automated Test Equipment Market Scope, Top Key Players and Forecast to 2025
The automated test equipment market is anticipated to reach US $7.75 billion by 2025 from US$ 5.06 billion in 2017 thereby registering a moderate CAGR growth rate of 5.5% during the forecast period. The automated test equipment (ATE) market used for the testing of semiconductor and component is a highly concentrated market, with only small chunk of leading semiconductor manufacturers, foundries and testing players accounting for a hefty share of total market revenue in the semiconductor and component testing industry. It is expected that the market will become even more intense in the near future with big players in the market acquiring smaller semiconductor market participants, and progression in corporate restructuring of business. Therefore, to sustain and grow in the industry, companies will have to obtain or increase their orders for customers doing large volume production. As a result, the automated test equipment market to witness an attractive growth rate during the coming years and provide numerous profitable opportunities for the market players in the forecast period. The Rest of World (RoW) automated test equipment market region is expected to witness a CAGR growth rate of 2.3% in the coming years. Top Companies mentioned: Advantest, Anritsu, Astronics, Averna, Chroma ATE, Exicon, National Instruments, SPEA, Teradyne, Test research Today's smart products contain complex electronic systems that require flawless operation in the real world. Device miniaturization, support for multiple wireless technologies, faster data rates, and longer battery life, demand rigorous analysis. Additionally, demand for numerous feature integrations onto a single device have led to complex circuit board designs of these electronics.
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