Automated Test Equipment Market Revenue, Growth and Overview 2022 - 2027
By 2027, the Automated Test Equipment Market is anticipated to have grown from USD 7.0 billion in 2022 to USD 8.8 billion, expanding at a CAGR of 4.7%. The automated test equipment market is predicted to increase because it offers tremendous opportunities in the automotive industry and decreases manufacturing time and costs. To increase their market share, the major competitors in the automated test equipment market have mostly used acquisition and partnership methods. Chroma ATE bought all of the Environmental Stress Systems, Inc. shares in January 2022. (ESS). Thermal forcing systems with a temperature range of 104 to 175 degrees Celsius are the major output of ESS. Chroma ATE will be able to use this technology to suit the testing needs of the wafer market and expand its expertise in temperature management in semiconductor test equipment. To provide bidirectional power supplies that support battery cycling and power-level testing for electric vehicles (EVs), National Instruments announced its partnership with EA Elektro-Automatik (EA) GmbH & Co. KG, Germany's top producer of laboratory power supplies, high-performance power supplies, and electronic loads, in September 2021. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237275050 Advantest Corporation (Japan), Teradyne (US), are major players in automated test equipment market. Advantest Corporation (Japan) Manufacturers of measurement technology for the semiconductor and electronics industries include Advantest Corporation. The business creates, develops, produces, and sells a variety of semiconductor test tools. It is one of the top suppliers of data analytics, system-level testing, and other related solutions in the semiconductor industry. Semiconductor & Component Test Systems, which generates the majority of the company's revenue, Mechatronics Systems, which manages test system accessories, and Services & Others, which primarily focuses on customer support and system-level testing, are the company's three business segments. By fusing its test systems with accessories like device interfaces and test handlers, the company offers test solutions. Teradyne (US) Teradyne is a leading manufacturer and supplier of products and industrial automation machinery. The company specialises in designing, developing, producing, and marketing automatic test systems used to test semiconductors, data storage, wireless products, and complex electronics systems in a variety of industries, including consumer electronics, wireless, automotive, industrial, computing, communications, and aerospace & defence. The business is divided into four reportable segments: industrial automation, system testing, wireless testing, and semiconductor testing. Browse For More Details - https://www.prnewswire.com/news-releases/automated-test-equipment-market-worth-8-8-billion-by-2027--exclusive-report-by-marketsandmarkets-301546849.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Visit Our Website: https://www.marketsandmarkets.com