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Automated Test Equipment Market Size Worth $8.68 Billion By 2027 – Segmentation, Research Methodology, Top Companies Profile, Trend Analysis And Forecast Report | Million Insights

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Automated Test Equipment Market Size Worth $8.68 Billion By 2027 – Segmentation, Research Methodology, Top Companies Profile, Trend Analysis And Forecast Report | Million Insights

February 15
15:56 2021
Automated Test Equipment Market Size Worth $8.68 Billion By 2027 - Segmentation, Research Methodology, Top Companies Profile, Trend Analysis And Forecast Report | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global automated test equipment (ATE) industry report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

The global Automated Test Equipment Market size is anticipated to reach USD 8.68 billion by 2027. It is also expected to register a 3.4% CAGR during the forecasted period, 2020 to 2027. The rising demand for consumer electronics and connected devices coupled with the need for quality improvement prevailing among several industries is projected to drive the market growth across the globe.

The non-memory ATE product segment dominated the global market in 2019 on account of their rising usage for the manufacturing of SoC-based products, tablets, and smartphones. Further, rapid technological advances being carried out by ATE manufacturers are driving the market growth for this segment.

To download the sample PDF of “Automated Test Equipment Market Report” please click here: https://www.millioninsights.com/industry-reports/global-automated-test-equipment-ate-market/request-sample

Germany automated test equipment market

The IT & telecommunications segment is anticipated to witness substantial growth during the forecasted years on account of increasing usage of such equipments for carrying out automation processes. While the consumer segment contributed a share of 26.0% across the global market owing to increasing demand for consumer electronics.

The Asia Pacific is expected to account for the largest share across the global market in the upcoming years owing to the rising presence of semiconductor manufacturers in countries like Taiwan and China. While North America is also projected to hold a significant share on account of the surging need for such equipment for testing and measurement across the aerospace and defense sector.

The ATE market includes key players such as Astronics Corporation, STAR Technologies Inc., Chroma ATE Inc., Danaher Corporation, and Tesec Corporation. These players are investing hugely in R&Ds to gain a competitive advantage and to widen their product reach for several applications.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-automated-test-equipment-ate-market

Global automated test equipment market

Further key findings from the report suggest:

• In 2019, the non-memory ATE product segment dominated the market across the globe.

• The consumer vertical segment held share of more than 26% across the market in 2019.

• The Asia Pacific is projected to hold the largest share across the global automated test equipment market from 2020 to 2027.

• The key players in this market are Astronics Corporation, STAR Technologies Inc., Chroma ATE Inc., Danaher Corporation, and Tesec Corporation.

Million Insights has segmented the global automated test equipment market on the basis of product, vertical, and region:

Automated Test Equipment Product Outlook (Revenue, USD Million, 2016 – 2027)
    • Non-Memory ATE
    • Memory ATE
    • Discrete ATE

Automated Test Equipment Vertical Outlook (Revenue, USD Million, 2016 – 2027)
    • Automotive
    • Consumer
    • Aerospace & Defense
    • IT & Telecommunications
    • Others

Automated Test Equipment Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • Japan
        • South Korea
        • Taiwan
        • Thailand
        • Singapore
        • Malaysia
    • South America
        • Brazil
    • Middle East & Africa

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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Company Name: Million Insights
Contact Person: Ryan Manuel
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Phone: 91-20-65300184
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State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-automated-test-equipment-ate-market


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