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Automated Test Equipment Market size worth USD 4.46 billion by 2022: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024
Key Insights from Automated Test Equipment Market: • Non-memory ATE market accounted for over 75% of the overall revenue in 2014, it is forecast to grow at 2.8% CAGR. This can be attributed to increasing automotive demand and growing number of microcontroller-based applications. The memory segment is likely to witness moderate growth prospect due to more cyclical variations in growth when compared to non-memory semiconductors. • IT & telecom application accounted for more than 50% of the automated test equipment market share in 2014. Enhanced network capabilities & consistent product quality offered will drive demand. • Consumer electronics is predicted to grow at 3.1% CAGR from 2015 to 2022. Increasing prominence of consumer devices such as smartphones, computers and tablets will drive segment growth.
Continued... • Asia Pacific, in particular China & India automated test equipment market size was valued at over USD 2.5 billion in 2014 with 2.8% CAGR estimations. Growth can be credited to presence of large number of semiconductor industries across the region. In addition, rapid technological advancements and changing customer needs is predicted to positively contribute towards the regional industry. • U.S. ATE market size is anticipated to grow at 2.5% CAGR from 2016 to 2022. Rising investment in defense sector as well as advancements in telecommunication sector justifies the regional growth. • Major industry participants comprise Teradyne, Advantest, and LTX. Other prominent partners include Advint, Aeroflex, Agilent Technologies, Anritsu, Cal-Bay Systems, and National Instruments Corporation.
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360° Analysis • Application Analysis • IT & telecom ATE market size was valued at over USD 1.8 billion in 2014, and is likely to reach USD 2.20 billion by 2022. It enables communication service providers to enhance the network in order to support new technologies and telecom equipment manufacturers in ensuring consistent quality for the products. • Consumer electronics is expected to grow substantially over the next seven years and to be valued at over USD 1.30 billion by 2022. This can be primarily attributed to rising popularity of consumer devices such as tablets, smartphones, and computers. • Regional Analysis • Asia Pacific ATE market size is likely to exceed USD 3.30 billion up to 2022 owing to presence of large number of semiconductor industries. Global semiconductor manufacturing equipment market exceeded USD 35 billion in 2014. • North America automated test equipment market share was over 14% of the overall revenue in 2014. • Competitive Market Share • Teradyne, LTX-Credence and Advantest are the major industry players. Teradyne was the leader, and accounted for over 40% of the global automated test equipment market share in 2015. Development of new instrumentation, maintaining close relationship with the customers and enhancing test platforms are likely to be the key growth strategies.
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