Automated
Test Equipment Market Emerging Trend, Industry Demand and Regional Analysis by
2031

The global
automated test equipment market is anticipated to grow at a
considerable CAGR of 3.4% during the forecast period (2024-2031). The
increasing integration of various electronic features in EVs, such as
powertrain, battery management systems, engine controllers, and others, which
are integrated with ICs and power discrete devices will drive the demand for
automated test equipment. According to the International council of clean
transportation, the electric vehicle market in the US has grown from a few 1000
vehicles in 2010 to more than 315,000 vehicles sold annually from 2018 to 2020.
In 2020, the electric share of new vehicle sales was approximately 2.4%, an
increase from about 2% in 2019. Moreover, according to a report published by
the International Energy Agency in 2021, the global EV registration increased
to 10 million units in 2020, a 43% rise compared to 2019.

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Rising
acquisitions, product approval, collaborations among the major players in the
market also propel the growth of the market. For instance, in November 2021,
Astronics Corp Astronics Corporation a leading provider of advanced
technologies for the global aerospace, defense, and other mission-critical
industries, launched its ATS-5000 Series of Functional Test and Support
Solutions, a unique consolidation of world-class instrumentation, architecture,
and software, configured to meet the end-user requirements. These solutions
take advantage of the Company's Transit Test Systems' success, both in terms of
software and hardware, adapting it to apply to a wide range of industries.

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Market
Coverage

•             Segment Covered- 

o             By End-user

o             By Type

•             Regions Covered

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

•             Competitive Landscape- Advantest
Corp, Cobham Plc., Astronics Test Systems Inc., Chroma ATE Inc., National
Instruments Corp. 

Key
questions addressed by the report

•             What is the market growth rate?

•             Which segment and region dominate
the market in the base year?

•             Which segment and region will
project the fastest growth in the market?

•             How has COVID-19 impacted the
market?

o             Deviation from the pre-COVID-19
forecast

o             Most affected region and segment

•             Who is the leader in the market?

•             How players are addressing
challenges to sustain growth?

•             Where is the investment
opportunity?

Global
Automated Test Equipment Market Report Segment

By
Type 

•                
Memory

•                
Non - memory

•                
Discrete

•                
Test Handlers

By
End-user

•                
Aerospace and Defense

•                
Consumer Electronics

•                
IT and Telecommunications

•                
Automotive

•                
Healthcare

•                
Others 

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