Sellbyville, DE -- (SBWIRE) -- 11/12/2018 -- Automated Test Equipment (ATE) Market is expected to exceed USD 4.5 billion by 2022 growing at a CAGR of about 3% from 2015 to 2022.

Rising design complexity coupled with the need for efficient testing will propel the industry growth. Cost reductions, higher product quality and improved ergonomics are benefits offered by these systems. Rising adoption trends such as System on Chip (SoC) and increasing demand for consumer electronics will propel the industry growth. Improving the battery life remains the cornerstone of several manufacturers' design efforts, in light of increased demand for portability and miniaturization this will also fuel the automated test equipment market.

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High penetration of electronics in automobiles along with rising adoption of smartphones and compact devices has surged the demand for ATE among various sectors such as IT and telecommunication, defense, etc.

The automated test equipment market is mainly dependent on semiconductor chip availability. Increasing demand from smartphones, computers and tablets have pushed the production capacity thus impacting the revenue of global industry positively. Increasing dependency on semiconductor devices and resulting supply and demand gap may hamper the industry growth.

Non-memory ATE market is set to exceed USD 3 billion due to high adoption in microcontroller based applications. Memory ATE is expected to have steady growth over the forecast timeline owing to the cyclical growth variations in comparison to non-memory semiconductors. Expansion of smartphone sector coupled with LTE will have a positive impact on revenue. Discrete equipment segment is anticipated to grow at a about 3% from 2015 to 2022.

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IT & telecommunication applications approached USD 2 billion in 2014 due to the improved networking capacities and persistent product quality. Elevation in demand for consumer devices like tablets, smartphones, computers and laptops will spur the automated test equipment market growth in consumer electronics applications. With the growing enterprise mobility trend and increased disposable income levels, mobile devices have witnessed a sharp rise over the past few years.

APAC automated test equipment market is likely to exceed USD 3.5 billion by 2022 due to the presence of many semiconductor manufacturers. Positive regional growth is attributed to rapid technological advancements and changing consumer preferences. North America ATE market accounted for over 10% of the total revenue share in 2014. Advancements in telecommunication along with rising investments in defense will surge the demand for this region.

Advantest, ADVINT - Advanced Integration, LLC, Aero-Flex Corp, Agilent Technologies, Anritsu, Cal-Bay Systems, LTX-Credence, National Instruments, Rohde & Schwarz GmbH & Co. KG, SPEA, Teradyne are some of the players in this industry. Teradyne accounted for more than 40% of the industry share in 2015. Various strategies followed by companies are new product developments, customer relationship management and improving standard platforms.

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