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The Global Automated Test Equipment Market size is expected to reach $4.7 billion by 2023, rising at a market growth of 4.9% CAGR during the forecast period. The growth of automated test equipment market is driven due to its adoption in the automotive and semiconductor industry. The number of connected devices has significantly grown over the years. There is an increased focus on improving quality along with end-to end testing solutions, and is the major driver that is driving the growth of the automated test equipment market. Adoption of automatic test equipment in semiconductor manufacturing companies would lead to performance enhancement, operational efficiency and as a result lead to cost reduction of the semiconductor devices.
Based on Product, the market report segments the market into Non-Memory ATE, Memory ATE, and Discrete ATE. Based on End User, the Global Automated Test Equipment Market segments the market into Automotive, Defense, Telecom & IT, Consumer Electronics, and Others. Based on Regions, the Global Automated Test Equipment Market segments the market into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The market research report covers the analysis of key stake holders of the Global 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.