Automated Test Equipment Market Outlook On The Basis Of Product, Vertical, Region And Forecast From 2021 to 2028
San Francisco, 11 Aug 2021: The Report Automated Test Equipment Market Size, Share & Trends Analysis Report By Product (Non-memory, Memory, Discrete), By Vertical (Automotive, Aerospace & Defense, IT & Telecom), By Region, And Segment Forecasts, 2021 - 2028 The global automated test equipment market size is expected to reach USD 8.94 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 3.3% from 2021 to 2028. Increasing adoption of System on Chip (SoC) coupled with high demand for consumer electronics is anticipated to drive the growth. Growing electronic content in automotive sector and penetration of smartphones is expected to drive the market. Furthermore, the demand for Automated Test Equipment (ATE) in manufacturing industry as the test equipment save the manufacturing cost and helps in eliminating the defective devices is projected to continue fueling the market. Miniaturization has spurred demand across va