LONDON--(BUSINESS WIRE)--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.
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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- Market ecosystem
- Value chain analysis
- Market definition
- 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 condition
Market Segmentation by End-user
- Market segments
- 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
- Geographic segmentation
- Geographic comparison
- 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 drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Advantest Corp.
- Agilent Technologies Inc.
- Anritsu Corp.
- Chroma ATE Inc.
- Cobham Plc
- Danaher Corp.
- INNOTECH Corp.
- National Instruments Corp.
- Rohde & Schwarz GmbH & Co. KG
- Teradyne Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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