Albany - NY, Sept. 27, 2016 (GLOBE NEWSWIRE) -- Transparency Market Research, in its latest market report, predicts that the automated test equipment (ATE) market will grow at a moderate CAGR of about 2.88% from 2012 through 2018. With this, the global automated test equipment market, which stood at US$3.54 billion as of 2011, is expected to surpass US$4.36 billion by 2018. According to the report, the Asia Pacific ATE market will be the most important one from the market share perspective. In 2011, the APAC ATE market held a 75% stake globally, and will continue to remain in a strong position through the forecast period of this research report. The report is titled “Automated Test Equipment (ATE) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018”.
Based on the findings, the automated test equipment market is projected to rise from a value of US$3.5 bn in 2011 to US$4.3 bn by 2018 at a 2.88% CAGR therein. This 70-page publication is designed to address the research requirements of all the stakeholders of the automated test equipment market in the most authentic, objective, and accurate manner.
The report identifies the leading growth drivers, restraints, and opportunities in the automated test equipment market and discusses their impact on the expansion of the overall market in the past and in the coming years. According to the report, the automated test equipment market is fueled by the rising complexities in the design of consumer electronic devices, the need for effective testing in the electronics and semiconductor industries, and the growing range of consumer electronic devices.
In contrast, the automated test equipment market is primarily hampered by the increased dependence of the ATE market on the semiconductor industry, which is cyclical in nature. Other factors hindering the global market are the high consolidation in the competitive landscape of the automated test equipment market and the reducing prices of ATE. These challenges can be overpowered by existing opportunities such as the development of semiconductor manufacturing processes, the expansion of wireless networks in emerging economies, and the move towards energy-efficient integrated circuits.
Using the Porter’s five forces analysis model, the report sheds light on the bargaining power of suppliers and buyers, the threat of substitutes and new entrants, and the degree of competition among the existing players.
The global automated test equipment market has been studied on three fronts: product type, end-use application, and geography. On the basis of product type, the automated test equipment market is segmented into discrete automated test equipment, memory automated test equipment, and non-memory automated test equipment. By end-use application, the automated test equipment market is divided into automotive electronics, defense, IT and telecommunications, consumer electronics, and others. Based on geography, the market for automated test equipment is categorized into Europe, Asia Pacific, North America, and Rest of the World. These segments have been studied for the period 2011 to 2018 and figures have been presented in US$ million and million units.
Advantest Corporation, LTX-Credence Corporation, and Teradyne, Inc. are the three participants profiled in the global automated test equipment market. Together they account for a share of over 85% and are focused on investments in the development and introduction of new products. Mergers and acquisitions also form a part of their expansion strategy. These players have been reviewed based on attributes such as company overview, product portfolio, financial overview, business strategies, recent developments, and a SWOT analysis. The SWOT analysis sheds light on the strengths, weaknesses, opportunities, and threats of each company.
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Automated Test Equipment (ATE) Market, by Product Type
- Memory Automated Test Equipment
- Non-Memory Automated Test Equipment
- Discrete Automated Test Equipment
Automated Test Equipment (ATE) Market, by End-use Application
- IT & Telecommunications
- Automotive Electronics
- Consumer Electronics
Automated Test Equipment (ATE) Market, by Geography
- North America
- Rest of the World
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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Source:Transparency Market Research