Automated Test Equipment Market Is Estimated To Generate $4.48 Billion By 2020
“Technological advancements and development of cost-effective testing equipment are major trends impacting the demand. Growing electronic content in automotive and penetration of smartphones are also expected to positively impact industry growth in future.�
The global Automated Test Equipment Market is expected to reach USD 4.48 billion by 2020, according to a new study by Grand View Research, Inc. Increased demand for consumer electronics is expected to drive the market over the forecast period. Increased design complexity due to adoption of system on chip has resulted in need for effective testing, which is expected to favorably impact the market. Access Full Research Report on Global Automated Test Equipment Market: http://www.grandviewresearch.com/industry-analysis/automated-test-equipment Fluctuating demand for semiconductors is expected to pose a challenge to the growth of this market due to its adverse effects on the profitability of industry participants. Consolidated nature of the market may prove to be a barrier for industry growth. Expansion of wireless networks and significant developments in the manufacturing process of semiconductors are factors conducive for market growth over the next six years.
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