The global automated test equipment market (ATE) has been valued at USD 3.6 billion in 2016, and is expected to reach USD 4.42 billion by 2022.
- Discrete automated test equipment accounts for largest market share and is expected to grow at a CAGR of around 5% by 2022
- Consumer electronics market holds the largest share estimated to be valued at USD 1.66 billion by 2022
- North America has the largest share of the global automated test equipment market, while Asia-Pacific is expected fastest growing market
Rising complexities in the design of consumer electronics, growing automotive market, and high demand of efficient automated test equipment devices are the key growth drivers of automated test equipment market. However, growing competition and the high capital requirements are inhibiting the growth of the market.
North America dominated the market of automated test equipment, followed by Europe and the Asia-Pacific region. The high expenditure by the North America government on defense or aerospace industry is the main growth factor for this market. Asia-pacific is expected to be the fastest growing market, following high technological growth, and the large number of semiconductor industries.