The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Automated Test Equipment Market. The growth sectors of the Automated Test Equipment Market are identified with precision for a better growth perspective.
Implementation of automation solution such as automated test equipment is aiding in enhancement of capabilities and speed of operations across various industry verticals. As per the report that has been published by Market Research Future (MRFR), the global automated test equipment market is anticipated to expand steadily at a CAGR of 3.5% during the forecast period of 2016-2022.
Market Drivers and Restraints:
Increasing mobility of devices across various semiconductor manufacturing companies has led to the rise in demand for automated test equipment in the global market, resulting in the expansion of the global automated test equipment market. The rapid penetration of smartphones in across the globe and increasing electronic content in the automotive sector are likely to fuel the expansion of the global automated test equipment market during the forecast period.
The upsurge in demand for mobile automated solutions and expansion of wireless networks in various developed and developing regions are driving the growth of the global automated test equipment market. Rise in complexities in designs coupled with recent introduction of technologically advanced innovations is impacting positively on the expansion of the global automated test equipment market.
However, obsolescence of technology and other technical limitations are likely to hamper the growth of the global automated test equipment market during the forecast period.
The global automated test equipment market has been segmented on the basis of component, application and type. Based on component, the global automated test equipment market is segmented into industrial PC, mass interconnect, handlers, probers, and semiconductors.
Based on application, the automated test equipment market is segmented into consumer electronics, automotive, aerospace and defense, telecommunication and others. Among these, the telecommunication segment accounts for a significant share in the global automated test equipment market.
Geographically, the global automated test equipment market is segmented into four major regions such as North America, Asia Pacific, Europe and the rest of the world. Among these, The North America region is dominating the global automated test equipment market owing to the increasing application of automated test equipment in the defense sector in this region.
Automated Test Equipment (ATE) Market is expected to grow at a CAGR of 3.5% from 2016 to 2022,…
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