Automated test equipment market size to grow by USD 2.04 billion between 2022 and 2027 | The market growth in the consumer electronics segment will be significant - Technavio

NEW YORK, Nov. 1, 2023 /PRNewswire/ -- The automated test equipment market size is forecast to increase by USD 2.04 billion from 2022 to 2027, at a CAGR of 5%, according to the recent market study by Technavio. The market is segmented by end-user (consumer electronics, telecommunications, aerospace and defense, and others), product (non-memory ATE, memory, and discrete), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The market growth in the consumer electronics segment will be significant during the forecast period. Factors such as the increase in disposable incomes, reduced cost of consumer electronics, and changing lifestyles in developing countries have been crucial in fueling the growth of the segment. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including Advantest Corp., ADVINT LLC, Aemulus Holdings Bhd, Aimil Ltd., Anritsu Corp., Astronics Corp., Averna Technologies Inc., BAE Systems Plc, Chroma ATE Inc., Cobham Ltd., Cohu Inc., INNOTECH Corp., Keysight Technologies Inc., National Instruments Corp., Rohde and Schwarz GmbH and Co. KG, ROOS INSTRUMENTS Inc., SPEA Spa, Teradyne Inc., TESEC Inc., and The Marvin Group.

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

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Market Driver

The growth of the market will be driven by the augmented production of electronic goods. The demand for electronic goods is increasing significantly across the world. Countries such as China, Japan, and Singapore are witnessing a considerable increase in the export of electronic devices such as smartphones. The rising adoption of these devices has encouraged manufacturers to incorporate new technologies such as LTE, 4G, and 5G and to attract consumer interest. In addition, the availability of low-cost smartphones and rapid penetration of the internet has increased the demand for automated test equipment to ensure the quality and reliability of services. All these factors are driving the growth of the market. However, the continuous increase in raw material prices and increasing import duties are hindering the growth of the market.

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What are the key data covered in this automated test equipment market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the automated test equipment market between 2023 and 2027
• Precise estimation of the size of the automated test equipment market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the automated test equipment market industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of automated test equipment market vendors

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Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-User
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio