The global automated test equipment market size is poised to grow by USD 1.47 billion during 2020-2024, progressing at a CAGR of over 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Automated Test Equipment Market 2020-2024 (Graphic: Business Wire)
The electronics industry is growing at an unprecedented rate, with a significant increase in the exports of electronic goods in countries like China, Japan, and Singapore. There has been a stagnant increase in sales and shipment of smartphones, which promotes the growth of the test and measurement equipment. The increasing sales of electronic goods and the growing smartphone market will foster the demand for automated test equipment, boosting the automated test equipment market growth.
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The major automated test equipment market growth came from the consumer electronics segment. This segment is expected to grow because of the increase in disposable incomes, reduced cost of consumer electronics, and changing lifestyles in developing countries. Therefore, the automated test equipment market share growth by the consumer electronic segment will be significant during the forecast period.
APAC was the largest automated test equipment market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The presence of multiple vendors that sell automated test equipment at competitive prices and the establishment of the world's largest electronics companies and foundries will significantly drive automated test equipment market growth in this region over the forecast period.
The global automated test equipment market is concentrated. Advantest Corp., Agilent Technologies Inc., Anritsu Corp., Chroma ATE Inc., Cobham Plc, Danaher Corp., INNOTECH Corp., National Instruments Corp., Rohde & Schwarz GmbH & Co. KG, and Teradyne Inc. are some of the major market participants. To help clients improve their market position, this automated test equipment market forecast report provides a detailed analysis of the market leaders.
As the business impact of COVID-19 spreads, the global automated test equipment market 2020-2024 is expected to have Negative and Inferior. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
Read the full report here: https://www.technavio.com/report/report/automated-test-equipment-market-industry-analysis
Increasing Use of Automotive Wireless Technologies in Vehicles will be a Key Market Trend
The automotive industry has witnessed a number of technological advancements, which have led to the production of vehicles equipped with advanced electronic devices. The latest entertainment systems allow the connection of multiple devices wirelessly through Wi-Fi and Bluetooth. Advanced GPS systems and Internet connectivity through 3G, 4G, and Wi-Fi are some of the other features present in modern passenger cars. These technologies need to undergo automated testing. The increasing use of automotive wireless technologies in vehicles, one of the key automated test equipment market trends, will also have a significant impact on the growth of this market during the forecast period.
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Automated Test Equipment Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist automated test equipment market growth during the next five years
Estimation of the automated test equipment market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automated test equipment market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automated test equipment market vendors
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Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by End-user
Comparison by end-user
Consumer electronics - Market size and forecast 2019-2024
Telecommunications - Market size and forecast 2019-2024
Aerospace and defense - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by End-user
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
Agilent Technologies Inc.
Chroma ATE Inc.
National Instruments Corp.
Rohde & Schwarz GmbH & Co. KG
Scope of the report
Currency conversion rates for US$
List of abbreviations
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