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Automated Test Equipment Market Size
- Report ID: GMI146
- Published Date: Mar 2023
- Report Format: PDF
Automated Test Equipment Market Size
Automated Test Equipment Market size exceeded USD 8.5 billion in 2022 and is expected to register over 10% CAGR between 2023 and 2032. This market growth can be attributed to the growing sales of electric vehicles around the globe. Rising government initiatives across the globe to promote the adoption of electric vehicles are also major factors contributing to market growth.
High costs of automated test equipment may restrict product adoption
The high purchase cost of automated testing equipment is limiting product uptake. Growing maintenance concerns including repairs, calibration issues, and equipment misconfigurations are also hampering market growth. Equipment manufacturers are investing heavily in R&D to develop modern automated test equipment at reduced costs.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Automated Test Equipment Market Size in 2022: | USD 8.5 billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 10% |
| 2032 Value Projection: | USD 20 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 215 |
| Segments covered: | Type, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Automated Test Equipment Market Scope
