As our world becomes increasingly automated and digitized, there is an ever-growing demand for an accurate way to test the efficiency of ICs, SoC devices, electronic devices and components, wireless products and all of the other tech tools we use in our day to day lives. This is where automated testing equipment (ATE) comes in.
In just the past few years, the ATE industry has seen remarkable growth and statistics show that it is likely to continue to grow at a CAGR of 2.74 percent for the next four years, pushing the Global Automated Testing Equipment Market to a high of over $US 5 billion.
Presently, the majority of this market value is driven by a dramatic increase in the production of semiconductor devices and the necessity for semiconductor vendors (as well as electronics and manufacturers in general) to have quicker time-to-market processes. Automated testing solutions are critical for manufacturers to deliver their products efficiently and without defects.
Despite the driving force of the semiconductor industry on the automated testing equipment market however, some of this positive impact is offset by a few key challenges – namely:
- Limited Availability of Skilled Workforce to Operate ATE
- Fast Growing and Quickly Changing Technologies
- Low Economies of Scale
- High Capital Investment
- Economic Fluctuation Affecting Revenue of Global Players
As obstructive as these issues may sound however, it’s unlikely that they will have any huge negative impact, thanks to certain positive trends that will address the issues that may hamper revenue. The most significant of these trends are as follows:
- Global Companies Focusing on India and China
- Increasing Awareness of ATE-focused Training and Courses
- Automated Testing Equipment Requirement for High-quality Semiconductor Testing
- Automated Testing Equipment Becoming Important Due to Increasing Number of Fabless Companies
All things considered, yes it might be a slow, hard climb for vendors in the Global Automated Testing Equipment Market, but at the end of the day this climb will lead to positive and profitable results.
For more info, view our 2012-2016 market research report on the Global Automated Testing Equipment Market.
