Valley Cottage, NY -- (SBWIRE) -- 07/26/2019 -- Automated test equipment is a computer controlled device that tests electronic devices to inspect the functionality and performance. Automated test equipment is frequently used to detect the fault in printed circuit boards in the electronics industry. Automated test equipment available in the market from PC driven fixed purpose testers to large fully programmable machines. Automated test equipment conducts the test to measure and estimate devices under test (DUT) by using a control system.
Automated test equipment is used to saves manufacturing cost of the devices and prevents the manufacturing of faulty devices. Increasing use of automated test equipment to save the manufacturing cost associated with the devices is boosting the automated test equipment market all across the globe. Increasing requirement of customize products and testing of various customize products is one of the serious concern in all industries.
Testing of all these customize products in lesser time with the help of automated test equipment is one of the prime factors that accelerating the growth of automated testing equipment in the market. Wide applications associated with the automated test equipment such as wireless communication, radar, and electronic component manufacturing is also fuelling the demand of the automated test equipment in the market.
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Automated Test Equipment market: Drivers and Restraints
Increasing use in electronics and defense industry is boosting the demand
Automated test equipment is widely used in the electronics industry to test the electronic systems and components after the fabrication. Automated test equipment is also used to detect the faults in integrated circuits. Increasing use of automated test equipment in the electronics industry to test various electronics components is fuelling the demand of automated test equipment.
High adoption rate of advanced electronic products such as tablets, LED TVs, smartphones, and smart watches is boosting the electronics industry market and automated test equipment market as well. Increasing demand for high-speed wireless networks is one of the factors that drive the automated test equipment market significantly. The defense industry has witnessed a rise in a number of advanced technologies and devices in last few years.
Automated test equipment is used in the defense industry to verify the proper functioning of equipment. Testing of defense industry related equipment is one of the crucial factors for every country. The ability of automated testing equipment to test various defense industry equipment with high precision is one of the factors that propelling the demand of automated test equipment in the market.
Automated Test Equipment Market: Segmentation
On the basis of Product type, automated test equipment market segmented into
Non-memory
Memory
Discrete
On the basis of End Use, automated test equipment market segmented into
Automotive industry
Healthcare industry
Electronics industry
Others
On the basis of application, automated test equipment market segmented into
Wireless Communication
Radar
Electronic component manufacturing
Others
Automated Test Equipment market: Competition landscape
Some of the Key manufacturers of automated test equipment are Autotest Company, MAC Panel Company, Red Earth Systems, PEAK GROUP, Cove Industries, Qmax Groups, SLN Technologies Pvt Ltd, Amfax Limited and Roos Instruments, Inc
Key manufacturers are more concentrating on providing automated test equipment as per the industry requirement, especially electronics industry as automated test equipment is frequently used on a daily basis in this industry. Presence of key players in North America, Europe and APEJ region is accelerating the growth of automated test equipment in the market.
Automated Test Equipment market: Regional Overview
Considering the investment in defense and electronics industry by governments, North America region holds substantial market share in terms of revenue generation. Increasing use of automated test equipment in the defense industry in this region is propelling the growth of automated test equipment market.
Europe is expected to follow the North America region in terms of demand for automated test equipment due to the growing electronics components market in recent years. Moreover, enlarging electronics and automotive industry in the APEJ region is also contributing to grow the automated test equipment market. On the other hand, there is a considerable demand for automated test equipment in the MEA region due to rapid growth in consumer electronics market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved
Technology
Value Chain
Market Drivers and Restraints
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
CIS & Russia
Japan
Asia Pacific Excluding Japan (Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
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Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint