During the anticipated period, there is expected to be significant expansion in the Automated Test Equipment (ATE) Market. At a CAGR of 4.7%, the market is anticipated to increase from USD 7.0 billion in 2022 to USD 8.8 billion by 2027. The usage of consumer electronics is anticipated to grow, and there will be a rise in the demand for automated testing across a number of end-use industries. Demand for ATE in the market is influenced by a number of factors, including the need for high-quality products, increased manufacturing rates, and shorter testing times.

The report profiles key players in the automated test equipment market and analyzes their market shares. Players profiled in this report are Advantest Corporation (Japan), Teradyne (US), National Instruments (US), Chroma ATE (Taiwan), Astronics Corporation (US), STAr Technologies (Taiwan), Roos Instruments (US), Marvin Test Solutions (US), Cohu (US), and OMRON Corporation (Japan), TESEC Corporation(Japan), Danaher(US), ESPEC North America(US), JTAG Technologies(Netherlands), Vaunix(US), JFW Industries(US), Aemulus(Malaysia), Festo(Germany), Nikon Metrology(Belgium), Carl Zeiss AG (Germany), Viscom AG(Germany), Keysight Technologies(US), Artiflex Engineering(South Africa), Vitrox Corporation(Malaysia), Saki Corporation(Japan), Test Research Inc. (TRI)(Taiwan), ShenZhen J-wide Electronics Equipment Co., Ltd.(China), CHINO(US).

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237275050

Use of Automated Test Equipment reduces manufacturing time and cost

A testing system called automated test equipment (ATE) executes a set of test cases and compares the predicted results with the actual findings to provide thorough test reports. By enabling testing on semiconductor devices, such as printed circuit boards (PCBs), to be done quickly and at a considerably faster pace than manual testing, the usage of ATE decreases manufacturing time and cost. Reducing production time is essential since it plays a significant role in the cost of producing electronic equipment overall.

Advancement in automotive sector

The use of semiconductor devices in automobiles is rising, particularly in advanced driving assistant systems (ADAS) that offer capabilities like adaptive cruise control, automated braking, and blind-spot monitoring. A bright future is anticipated for advanced and complex car structures, hybrid electric vehicles (HEVs), and rail tractions in the automotive sector. The value of semiconductor components in HEVs has climbed from USD 1,000 to USD 3,500, according to a report released by the US International Trade Commission (USITC) in May 2019, demonstrating a substantial advancement in the automobile industry.

Industrial PCs is expected to have the largest market size during the forecast period

In the Automated Test Equipment (ATE) market, the industrial PC sector is anticipated to have the greatest market size throughout the forecast period. This is because industrial PCs, which are employed as controllers in ATE systems and are built to endure the harsh industrial environment, are to blame. They have excellent vibration, noise, temperature, and dust resistance, which makes them perfect for regulating machinery and other electrical systems that can be controlled. Additionally, less wiring is needed and the overall system architecture is made simpler by the usage of industrial PCs in ATE systems. These elements are fueling the ATE market's industrial PC segment's expansion.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/automated-test-equipment-market-237275050.html

Semiconductor Fabrication to have the largest market size during the forecast period.

During the projected period, the semiconductor fabrication industry is anticipated to have the greatest market size. Fabrication facilities, or fabs, are running at high capacity utilisation due to the rising demand for semiconductors. However, due to the difficult nature of semiconductor fabrication, increasing capacity takes time. Due to the increased demand for semiconductor manufacture brought on by the global chip shortage, efforts have been made to maximise fab capacity utilisation.

China to grow with the highest CAGR in APAC region during the forecast period

China is anticipated to have the APAC region's highest CAGR during the forecast period. The nation is renowned as the centre of the world's production for a number of sectors, including semiconductors, electronics, and the auto industry. It has also created and constructed a variety of medical equipment throughout the pandemic, demonstrating its ability to maintain manufacturing in difficult circumstances and satisfy global demand. Additionally, China has the world's fastest-growing consumer market, which will raise demand for ATE for the country's design, development, and testing of consumer electronics and other ancillary electronics. The upcoming years are anticipated to see this increase continue.

News Covered:

https://www.prnewswire.com/news-releases/automated-test-equipment-market-worth-8-8-billion-by-2027--exclusive-report-by-marketsandmarkets-301546849.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com