ID: MRFR/ICT/0660-CR | February 2020 | Region: Global | 90 pages
Impact of COVID-19 on the Global Automated Test Equipment Market
The automated test equipment market has been impacted negatively since the outbreak of COVID-19 in December 2019. The pandemic has resulted in numerous countries imposing lockdowns and shutting down businesses except for essential services (allowed with minimal workforce). However, the demand for EDWs is anticipated to recover in the coming months as numerous countries begin to remove the lockdowns in a phased manner. The governments of several countries have granted permission to restart businesses, keeping in mind the safety guidelines. Automated test equipment (ATE) is utilized to identify defects in devices under tests (DUT) and aid in ensuring device quality. The adoption of ATE plays a crucial role in reducing manufacturing costs and aids in eliminating faulty devices from entering the market. ATE is widely used to test faults in integrated circuits, semiconductor wafers, printed circuit boards, chips, and other electronic components. It is widely utilized in the semiconductors industry to test electronic systems and electronic semiconductor components for defects throughout the manufacturing process to ensure quality products.
The automated test equipment market is likely to grow at a significant pace owing to the increasing adoption of ATE, constant innovations, and continuous advancements in technology. These products find applications in consumer electronics, automotive, aerospace & defense, and telecommunications, among other industries. The growth of the automated test equipment (ATE) market can be attributed to the rising demand for efficient power management, the increasing adoption of smartphones which is boosting the semiconductors industry, and the growth of the consumer electronics market. The key factors that drive the growth of the ATE market are rising complexities in consumer electronics and a reduction in manufacturing time & cost. Hence, it is anticipated that the market for automated test equipment will grow at a significant CAGR in the coming years. The demand for ATE is anticipated to rebound in the first quarter of 2021 as several countries prepare to resume operations to restore their economic situations.