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Automated Test Equipment Market - Industry Insights by Growth, Emerging Trends and Forecast By 2031
The global automated test equipment (ATE) market was valued at US$ 5.91 Bn in 2020. It is estimated to expand at a CAGR of 3.9% from 2021 to 2031. The global automated test equipment (ATE) market is expected to cross the value of US$ 9.02 Bn by the end of 2031Want to know the obstructions to your company's growth in future? Request a Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=249
Test equipment such as memory semiconductor ATE, non-memory semiconductor ATE, and discrete ATE are increasingly being used in various end-use industries including IT & telecommunication, consumer electronics, automotive electronics, and defense. Key factors driving the demand for ATE include increase in the production of semiconductor devices, increase in the complexity and required performance level of semiconductors used in consumer electronic products, and the emergence of next generation devices and technologies associated with these devices.
Automated Test Equipment (ATE) is an apparatus that uses automation to perform test on various units under test (UUTs) or devices under test (DUTs) to perform measurement and quickly evaluate the results. The rapid transition to a 28 nm node application processor manufacturing process will fuel the demand for IC testing equipment, which, in turn, will drive the growth of the ATE. There are some other applications in the industrial and healthcare sectors also.
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The automated test equipment (ATE) market in Asia Pacific is expected to account for the largest share of the global market during the forecast period. This is due to the presence of key market players, along with rapid technological advancements in the region. Countries such as China, Japan, South Korea, and Taiwan are offering lucrative opportunities for manufacturers due to rising adoption of smart electronic devices and popularity of IoT ecosystems in homes and corporate places.
The rise in government initiatives and industrial automation is responsible for the Asia Pacific market growth. Growth and expansion of consumer electronics, automotive, and IT & telecommunication industries is expected to propel the demand for automated test equipment (ATE), which in turns drive the global automated test equipment (ATE) market in Asia Pacific. China is expected to dominate the Asia Pacific market, owing to the presence of a large number of players manufacturing automated test equipment (ATE) in the region.
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Major players in the global ATE market are focusing on mergers and acquisitions, since the past few years. Companies operating in the global automated test equipment market are also invested significantly in the development and introduction of new products in the market. The lucrative presence of manufacturers in the global market is contributing to market growth.
Ongoing R&D activities to manufacturer efficient ATE is a factor driving the growth of the global market. Key objective of automated test equipment (ATE) is to swiftly find the defects in a DUT and confirm whether a device under test (DUT) works correctly. This method saves manufacturing costs and helps prevent faulty devices to enter the market. ATE is used for a group of DUTs, with different testing procedures. Authenticity in all testing is that testing fails and DUT fails the evaluation once the first out-of-tolerance value is detected.
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