Surge in volume of consumer electronic devices to propel the demand for automated testing equipment

Press Release

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. As an example, a smartphone today includes features such as camera, calling function, torch, storage drives, and connectivity with other devices, compatible ports for connections, a multimedia player, and many other functions etc. Similarly, other consumer electronic devices have been improving on similar lines propelling the semiconductor manufacturers for more miniaturization of the chips and integration of more functionalities. Moreover, the increase in demand for ensuring superior product quality the product undergoes substantial technical and product quality inspection during the value chain and can be challenging through convention equipment testing approaches. Subsequently, driving the growth for automated test equipment market in the coming years.

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.

Get sample PDF Copy @ https://www.theinsightpartners.com/sample/TIPTE100000899/

Based upon the regional diversification, APAC is the major contributor to the market followed by North America and Europe. Also, in coming years the Asia Pacific is expected to maintain its dominance with positive growth opportunities owing to the shift of electronics and automotive production in this region. The rapidly increasing consumer electronics and wireless communication market in developing nations offers a worthy growth opportunity to the ATE market during the forecast period. The top companies operating in the field of automated test equipment include Advantest Corporation, Anritsu Corporation, Astronics Corporation, AVERNA, Chroma ATE Inc., Exicon Co., Ltd., National Instruments, Spea S.p.A., Teradyne, Inc., and Test Research, Inc. among others. Various other companies operating in the market and are coming up with new technologies and offerings which is helping the market for automated test equipment to expand over the years in terms of revenue and subscription.

According to ACEA, 21% of the cars across the world are manufactured in EU with companies such as BMW, Volkswagen, Audi and Aston Martin. Germany is the largest contributor in the automotive market share of the region, accounting for around 30% share. The country comprises of major car manufacturers such as VW, BMW, Opel, Daimler AG and Audi among others. On an average, Germany produces over 6 Mn passenger as well as commercial vehicles every year. The robust automobile sector of the region along with the presence of major premium car manufacturers in EU is anticipated to drive the ATE market. However, the European car manufacturers are investing more on their EV production lines in China, which may affect the European automotive industry. As per European Federation for Transport and Environment AISBL, in 2017, around €21.7 Bn of investments were made by European carmakers to produce electric vehicles in their EV production lines located in China. The European market for automated test equipment is expected to witness a lucrative CAGR growth of 2.7% in the forecast period.

The GNSS based ETC system owing to their technical superiority and sophistication have greatly influenced their availability limited to developed economies. Further, the lack of digitization in government vehicle regulators & agency, budget constraints, traffic patterns, and government cooperation is expected to have a profound impact on the market growth in the forecast period. As a result, the GNSS based ETC systems account for relatively low market share in the global market revenue. However, the increasing demand for interoperable ETC system is anticipated to drive the investment towards the market growth. As a result, the market is projected to witness an attractive growth rate of 6.8% from 2019 to 2027.

Key findings of the study:

  • From a growth perspective India in Asia-Pacific region is anticipated to witness the most lucrative CAGR growth rate of 6.7% during the forecast period
  • Based on type, the discrete testing segment is projected to witness significant lucrative profitable opportunities with projected CAGR growth rate of 9.6%
  • The surge in spending towards defense technologies and space exploration projects to boost the segment market growth globally thereby  registering a CAGR of 3.0%

Additionally, many of the economies of APAC are aggressively pursuing for digital applications such as smart cities, autonomous vehicles and IoT in a bid to become global powers. The investors wishing to avoid high-tech costs in the US, APAC region presents strong business opportunities for investment in the 5g technology as countries in the region accelerate digital transformation. Piloting of 5G technology has already started in Asian countries. Also, commercial roll outs are planned by the first half of 2019 in South Korea, China and Japan. The rollout of 5G in India is expected to be delayed due to infrastructure and financial related challenges. Also, device compliance is another major factor that would drive the deployment of 5G in the Asian region. Device manufacturers in Asia, such as ZTE, have unveiled 5G-ready smartphones, further defining Asia’s leadership in 5G development. As a result, the Asia-Pacific region is projected to witness a attractive CAGR growth rate of 6.7% during the forecast period.

Purchase This Report @ https://www.theinsightpartners.com/buy/TIPTE100000899/

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:
Call: +1-646-491-9876
Email: [email protected]