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Automated test equipment market slated to grow at a CAGR of 3.5% from 2016 to 2022

Posted by Admin on 2/22/2017 4:46:06 PM

Market Research Future (MRFR) has published its research report on Global Automated Test Equipment Market for the period 2016-20122 and has estimated the market would grow at a CAGR of 3.5%.  The global Automated Test Equipment (ATE) market encompasses an ever-increasing demand for efficient power management, meteoric rise of demand for smartphones, which in turn has had a huge impact on the semiconductor market and increase in the demand of consumer electronics market among others.

MRFR has also stated that the increased complexities in consumer electronics and cost & manufacturing time reduction as key factors for the growth of ATE market. However, MRFR has cited technical limitations including dynamic changes in the technology environment and intense competition amongst the industrial manufacturers and brands as factors curbing the growth and development of ATE market.  If automation holds key to the growth of ATE market, agility comes next. The good news is that most countries are coming forward to implement the Global Automated Test Equipment effectively as there seemingly has been an increasing demand for effective defined governance process.

Further, the research firm has segregated the ATE market into three broad categories based on components, application and type for efficiency with its target audience being OEM manufacturers, software manufacturers, hardware manufacturers and component manufacturers. The research shows that North America is dominating the Global Automated Test Equipment Market enjoying the lion’s share in the region, followed by Asia-Pacific and Europe markets.