Automated Test Equipment Market Report To Expand steadily At A CAGR Of 3.5% During 2016-2022 (SARS-CoV-2, Covid-19 Analysis)

Automated Test Equipment Market Report

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.

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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.

Market Segmentation:

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.

Based on type, the automated test equipment market is segmented into memory automated test equipment, non-memory automated test equipment and discreet automated test equipment. Among these, the non-memory automated test equipment segment accounts for the largest share in the global automated test equipment market.

Regional Analysis:

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.

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