- ResearchAndMarkets.com offers a market research study entitled “Automated Test Equipment Market Analysis by Product (Non-Memory, Memory, Discrete), By Vertical (Automotive, Consumer, Defense, IT & Telecom), By Region, And Segment Forecasts, 2014 – 2025”.
- This study concerns the Automated Test Equipment (ATE) market by product, by industry (automotive, consumer, defence, IT and telecommunications), and by region of the world. It provides sectoral forecasts for the period up to 2025.
According to this study, the global market for automated test equipment (ATE) is expected to reach $4.59 billion by 2025.
The increasing adoption of systems on chip in the semiconductor field and the strong demand for consumer electronics products are the main drivers of market growth over the forecast period. In particular, the increasing integration of electronic devices in the automotive industry and the penetration of smartphones are expected to stimulate the market for automatic test systems over the forecast period.
Increasingly complex electronic designs and technological innovations are driving this market. IoT applications and autonomous vehicles are driving the ATE market in particular.
The market segments for testing components (excluding memory), memories and devices dedicated to information technology and telecommunications are expected to grow by 3.3% to 3.7% by 2025.
Semiconductor manufacturers are very active in Asia and should drive growth in this market. The Asia-Pacific region is expected to grow at an average annual growth rate of 3.6% between 2016 and 2025.