PUNE, India, Oct. 14, 2016 /PRNewswire/ -- Market research future published a cooked research report on Global Automated Test Equipment Market.
The global market for Global Automated Test Equipment Market is expected to grow over the CAGR of 3.5% during the period 2016 to 2022 from USD 3.60 billion in 2016.
The Global Automated Test Equipment Market has been evaluated as growing market and expected that the market will touch high growth figures. In last decade business analytics developers have found wide range of applications in automotive and telecommunication market. This has shifted the momentum of the Global Automated Test Equipment market thereby boosting the revenues with the growth rate of over 3.5% over the forecast period.
Taste the market data and market information presented through more than 22 market data tables and figures spread over 90 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on "Global Automated Test Equipment Market Research Report - Forecast to 2022".
Global Automated Test Equipment Market:
Global Automated Test Equipment helps in minimizing risk associated with the help of various testing equipment which is required to increase the throughput and minimize the manufacturing time and cost. It also provides support to improve overall enterprise product performance by avoiding manufacturing errors.
Global Automated Test Equipment Market can be segmented on the basis of component which comprises of industrial PC, mass interconnect, handlers, probers, and semiconductor. On the basis of application the market is segmented into consumer electronics, automotive, aerospace and defense, telecommunication among others.
Furthermore, based on type the market is segmented into memory ATE, non-memory ATE, discreet ATE.
The major participants of this market are include Chroma ATE Inc. (Taiwan), Cobham Plc (U.K.), Astronics Test Systems (U.S.), Agilent Technologies Inc. (U.S.), Teradyne Inc. (U.S.), Advantest Corporation (Japan), LTX-Credence Corporation (U.S.), Roos Instrument Inc. (U.S.), National instrument Corporation (U.S.), Marvin Test Solution Inc. (U.S.) among others.
Market Research Analysis:
Growing demand for efficient power management, growing demand for smartphone which is accelerating market for semiconductors, and growing market of consumer electronics among others. The major factor that drives the growth of ATE market is raising complexities in consumer electronics, reduction in manufacturing time and cost and others.
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Growing need for efficient power management, growing demand for smartphone which is accelerating market for semiconductors, and growing market of consumer electronics among others. In the coming years, it is expected that the Global Automated Test Equipment Market will advance with higher growth rate as compared to previous years. The current challenges for the market are training the professionals on the software due to its complexity, high implementation cost and high competition among the industries. Hence, the change of workflow from manual to digital may require some time, will result in long-term benefit when the advance features of Global Automated Test Equipment services are implemented and would be used on regular basis by various industries.
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SOURCE Market Research Future