Automated Test Equipment Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the automated test equipment market and it is expected to grow by $ 1.63 billion, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Automated Test Equipment Market: Key Trends to impact market growth
APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors. 43% of the market growth will originate from APAC during the forecast period with China, Japan, and South Korea (Republic of Korea) being the key markets for automated test equipment market in the region. Growing telecommunications industry will facilitate the automated test equipment market growth in APAC during the forecast period. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Automated Test Equipment Market: Top Drivers to Boost Demand
Augmented production of electronic goods is one of the primary factors that will drive the growth of the automated test equipment market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Advantest Corp., Aimil Ltd. and Anritsu Corp. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Advantest Corp., Aimil Ltd., Anritsu Corp., BAE Systems Plc, Chroma ATE Inc., Cobham Plc, Keysight Technologies Inc., National Instruments Corp., Rohde and Schwarz GmbH and Co. KG, and Teradyne Inc. are some of the major market participants.
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Automated Test Equipment Market: Key Highlights of the Report for 2021-2025