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Growing ATE market to approach $4.48B in 2020

Posted: 01 Jul 2015 ?? ?Print Version ?Bookmark and Share

Keywords:Grand View Research? automated test equipment? automotive? smartphone? tablet?

According to the latest forecast from Grand View Research Inc., the global automated test equipment (ATE) market will reach $4.48 billion by 2020. Increased demand for consumer electronics is expected to fuel the market over the forecast period. In addition, the rising design complexity due to adoption of SoC has resulted in need for effective testing, which is expected to favourably impact the market.

Fluctuating demand for semiconductors is expected to pose a challenge to the growth of this market due to its adverse effects on the profitability of industry participants. Consolidated nature of the market may prove to be a barrier for industry growth. Expansion of wireless networks and significant developments in the manufacturing process of semiconductors are factors conducive for market growth over the next six years.

According to the report, non-memory ATE dominated the global market and accounted for over 75 per cent of the overall market share in 2013. This is primarily due to increased proliferation of smartphones into the market, expansion of LTE wireless communication standard, increased automotive demand and growing number of MCU-based applications. In addition, IT & telecommunication accounted for over half of the overall market share in 2013, which can be attributed to the proliferation of computers, smartphones and tablets in the market and increased emphasis on effective communication. Automotive application sector is expected to witness significant growth owing to increased integration of sophisticated electronic devices in automobiles.

Moreover, Asia Pacific is expected to be the market leader over the next six years, and accounted for over 70 per cent of the market in 2013, owing to the presence of large number of semiconductor industries in the region and rapid technological advancements. RoW is expected to witness significant growth over the forecast period.

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