With a projected increase from USD 7.0 billion in 2022 to roughly USD 8.8 billion by 2027, exhibiting a compound annual growth rate (CAGR) of 4.7% throughout this forecast period, the global Automated Test Equipment (ATE) Market is anticipated to enjoy considerable expansion.

The rising need for ATE across a variety of industries, such as semiconductor fabrication, automotive and transportation, healthcare, aerospace and defence, and consumer electronics, is supporting this growth trajectory. The adoption of automated test equipment is being driven by the requirement for accurate and effective testing of electronic components and systems as technical improvements in these industries pick up speed. Geographically, it is projected that this expansion will be substantial in North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW), which will together shape the automated test equipment market's landscape globally.

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

Market dynamics have been considerably influenced by the COVID-19 epidemic, and disruptions are anticipated to last until global supply chains stabilise. The latter half of 2020 saw a supply shortfall in the semiconductor sector, which is crucial for automated test equipment. This was caused by the closure of manufacturing facilities and reduced transportation activities. Though optimistic, post-pandemic expectations anticipate a quick recovery due to increased semiconductor manufacture activity. The market for automated test equipment is predicted to rebound and resume growth trends as production processes pick up steam and adjust to the new normal.

Printed Circuit Board Testing to witness the highest CAGR during the forecast period.

The highest Compound Annual Growth Rate (CAGR) is anticipated for Printed Circuit Board (PCB) testing during the projection period. PCBs are essential parts of electronic circuits, and as a result of the widespread usage of surface-mount components and the addition of additional layers, their complexity has substantially increased. PCBs are used in a variety of industries, and their essential function in line with project criteria is a prerequisite for all PCBs. Electronic circuits today contain a large number of parts, welds, and interconnects thanks to the ongoing development of semiconductor fabrication technology. The demand for PCBs is anticipated to soar as complexity keeps increasing, driving them to achieve the greatest CAGR among the various segments within the automated test equipment market over the forecast period.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=237275050

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

Within the automated test equipment (ATE) market, industrial PCs are predicted to hold the biggest market share over the projection period. As controllers for ATE systems, they play a crucial role and dominate the market. These PCs are enclosed in tough rack mounting enclosures that are designed specifically for robust operation in demanding industrial environments, reducing the need for extensive wiring. Industrial PCs display excellent resistance to elements like vibration, noise, temperature changes, and dust thanks to their capacity to regulate machinery and diverse electrical systems. They are a crucial and significant part of the ATE market because of their endurance and important role.

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

During the forecast period, the automated test equipment (ATE) market is expected to be dominated by semiconductor fabrication. Front-end semiconductor production facilities, or fabs, are operating at high capacity utilisation rates, frequently exceeding 80% and in some cases reaching levels of 90-100%, as a result of the rising demand for semiconductors. Nevertheless, scaling up capacity utilisation is a time-consuming process due to the complexity of semiconductor manufacture. The importance of this market segment in the expansion and development of the ATE market is highlighted by the semiconductor industry's active focus on increasing fab capacity utilisation to satisfy the soaring demand caused by the current worldwide chip shortage.

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

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

Within the Asia-Pacific (APAC) region, China is anticipated to exhibit the highest Compound Annual Growth Rate (CAGR) during the projection period. China, a well-known global manufacturing hub, is essential to several sectors, including electronics, semiconductors, and the automobile industry. Its strong and quick economic growth places it among the world's fastest-growing economies. Notably, China demonstrated its adaptability throughout the epidemic by creating a variety of essential medical gadgets, demonstrating its capacity to continue production even during trying times and satisfy worldwide demand. As a result of China's expanding consumer market, which rivals that of the US and other Western European countries, there is a greater need for Automated Test Equipment (ATE). This demand is essentially the result of the need for ATE in the nation's design, development, and testing of consumer appliances and other ancillary electronics. The huge growth expected in China further emphasises its influence on the ATE industry in the APAC region.

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).

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™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

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.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

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