Pune, India -- (SBWIRE) -- 04/03/2019 -- Our latest research report entitled Automated Test Equipment Market (by product type (Non-Memory, Memory, Discrete Automated Test Equipment), by components (Semiconductor, Industrial Pc, Handler, Mass Interconnect and Prober), Application (Consumer Electronics, IT & Telecommunications, Defense and Automotive Electronics)) Global Industry Analysis, Trends, Market Size and Forecasts up to 2023 provides complete and deep insights into the market dynamics and growth of automated test equipment. Latest information on market risks, industry chain structure automated test equipment cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential automated test equipment growth factors.

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The forecast automated test equipment market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, automated test equipment on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. The global automated test equipment market is expected to grow at a CAGR of 3.1% over the forecast period of 2017 - 2023.

Automated Test Equipment Market: Industry Insight

Automated test equipment is computer-controlled equipment that is used for testing the functionality and performance of electronic devices. This equipment uses a range of sensing techniques, including machine vision. Automated test equipment is widely used in the semiconductor industry for testing integrated circuits and printed circuit boards during the manufacturing process. In addition, they are also used in automotive, aerospace, medical equipment, and other manufacturing industries.

Automated Test Equipment Market: Drivers and Restraints

The rapid growth in the electronics and semiconductor industry is the major factor for the growth of the automated test equipment market. Automated test equipment tests devices for performance and capabilities. In addition, this equipment is highly cost-efficient for high-volume testing. Furthermore, the increased demand for improved efficiency and automation in the manufacturing units favors the growth of the automated test equipment market. However, the high cost of automated test equipment hampers the market growth. Moreover, the growing automation features, smart fixtures, and ergonomic designs in the automated test equipment create favorable growth opportunities for the automated test equipment market.

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Automated Test Equipment Market: Segmentation

The Asia Pacific dominated the automated test equipment market in 2017 and is anticipated to remain dominant over the forecast period. The increasing number of manufacturing industries in China owing to the low labor cost, availability of materials, quality, and speed are contributing to the growth of the automated test equipment market. In addition, countries such as India and Japan have become important production centers for the industry, attracting several consumer electronics companies in this region. North America holds the second largest region in the automated test equipment market owing to the growth of the medical equipment manufacturers in this region.

Automated Test Equipment Market: Regional Insight

The report on global automated test equipment market is segmented into product type, components, and application. The product type segments are further bifurcated into non-memory automated test equipment, memory automated test equipment, and discrete automated test equipment. The components segment is further categorized into the semiconductor, industrial PC, handler, mass interconnect and prober. Based on the application, the automated test equipment market is segmented as consumer electronics, IT & telecommunications, defense, automotive electronics, and others. The defense application is anticipated to hold a significant share in the automated test equipment market as ATE testing is widely used in wireless communication and radar as well as during manufacturing of several high technology security devices and weapons to reduce chances of malfunctioning.

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Automated Test Equipment Market: Competitive Analysis

The automated test equipment market is fragmented. The major players in the global automated test equipment market are Chroma ATE Inc., LTX-Credence Corporation, STAr Technologies Inc., Aemulus Holdings, TESEC Corporation, Aeroflex Inc., Roos Instruments, Inc., Astronics Corporation, Teradyne Inc., and Advantest Co.

Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Automated Test Equipment.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2023.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.