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The Asia Pacific Automated Test Equipment Market would witness market growth of 4.1% CAGR during the forecast period (2017 - 2023). Growing adoption of System-on chip and rising demand for consumer electronics are the factors that would drive the growth of the market during the forecast period.
Growing adoption of electronic components in the automotive sector and unprecedented growth in the market penetration of smartphones would drive the market growth over the forecast period. Asia Pacific would be a potential region for the expansion of automated test equipment during the forecast period.
The growth in the region can be attributed to the growing number of semiconductor industries in the region. China would hold maximum market share in the Asia-Pacific region. Based on Product, the market report segments the market into Non-Memory ATE, Memory ATE, and Discrete ATE.
Based on End User, the Asia Pacific Automated Test Equipment Market segments the market into Automotive, Defense, Telecom & IT, Consumer Electronics, and Others. Based on Countries, the Asia Pacific Automated Test Equipment Market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders of the Asia Pacific Automated Test Equipment Market. Key companies profiled in the report include Aemulus Holdings Bhd., Chroma ATE Inc., Cobham (Aeroflex Inc.), Astronics Corporation, Advantest Corporation, Xcerra Corporation, Teradyne Inc., STAr Technologies Inc. (A subsidiary of Innotech Corporation), Tesec Corporation, and Danaher Corporation.