Automated Test Equipment Market size worth USD 4.46 billion by 2022

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Automated Test Equipment Market size worth USD
4.46 billion by 2022 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Automated Test Equipment
Market

• Non-memory ATE market accounted for over 75 of
  the overall revenue in 2014, it is forecast to
  grow at 2.8 CAGR. This can be attributed to
  increasing automotive demand and growing number
  of microcontroller-based applications. The memory
  segment is likely to witness moderate growth
  prospect due to more cyclical variations in
  growth when compared to non-memory
  semiconductors.
• IT telecom application accounted for more than
  50 of the automated test equipment market share
  in 2014. Enhanced network capabilities
  consistent product quality offered will drive
  demand.
• Consumer electronics is predicted to grow at 3.1
  CAGR from 2015 to 2022. Increasing prominence of
  consumer devices such as smartphones, computers
  and tablets will drive segment growth.

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• Continued...
• Asia Pacific, in particular China India
  automated test equipment market size was valued
  at over USD 2.5 billion in 2014 with 2.8 CAGR
  estimations. Growth can be credited to presence
  of large number of semiconductor industries
  across the region. In addition, rapid
  technological advancements and changing customer
  needs is predicted to positively contribute
  towards the regional industry.
• U.S. ATE market size is anticipated to grow at
  2.5 CAGR from 2016 to 2022. Rising investment in
  defense sector as well as advancements in
  telecommunication sector justifies the regional
  growth.
• Major industry participants comprise Teradyne,
  Advantest, and LTX. Other prominent partners
  include Advint, Aeroflex, Agilent Technologies,
  Anritsu, Cal-Bay Systems, and National
  Instruments Corporation.

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Latin America ATE market size by application,
2012-2022 (USD Million)

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360 Analysis

• Application Analysis
• IT telecom ATE market size was valued at over
  USD 1.8 billion in 2014, and is likely to reach
  USD 2.20 billion by 2022. It enables
  communication service providers to enhance the
  network in order to support new technologies and
  telecom equipment manufacturers in ensuring
  consistent quality for the products.
• Consumer electronics is expected to grow
  substantially over the next seven years and to be
  valued at over USD 1.30 billion by 2022. This can
  be primarily attributed to rising popularity of
  consumer devices such as tablets, smartphones,
  and computers.
• Regional Analysis
• Asia Pacific ATE market size is likely to exceed
  USD 3.30 billion up to 2022 owing to presence of
  large number of semiconductor industries. Global
  semiconductor manufacturing equipment market
  exceeded USD 35 billion in 2014.
• North America automated test equipment market
  share was over 14 of the overall revenue in
  2014.
• Competitive Market Share
• Teradyne, LTX-Credence and Advantest are the
  major industry players. Teradyne was the leader,
  and accounted for over 40 of the global
  automated test equipment market share in 2015.
  Development of new instrumentation, maintaining
  close relationship with the customers and
  enhancing test platforms are likely to be the key
  growth strategies.

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