Automotive manufacturers are playing vital role by integrating IoT, connected devices, and several consumer electronics which will boost the automated test equipment market
The automotive manufacturers across the globe are avidly willing to expand their businesses cross-border. The importance of IoT, communications, and sensors, and have therefore, paved way for integration of sensors into the devices. Various business functions such as supply chain planning & logistics, and manufacturing across industry verticals such as automotive, consumer electronic devices, healthcare, and aerospace & defense can be optimized and thus enable increased profitability. The positive impact on the balance sheets of the companies as a result of the integration of sensor-enabled devices into the business processes have led to huge demands for more such devices. Huge demands are further anticipated to be burdened on the semiconductor industry, and for the semiconductor industry to respond to this bloating demands in the future times, they need to adopt efficient manufacturing & testing processes.
Furthermore, the emergence of advanced-driver-assistance systems like adaptive braking, self-parking, backup cameras, and automatic cruise control that further increase the passenger safety in the vehicles. Shared mobility services is another trend buzzing in the automobile ecosystem. Car ownership was perceived to be a commodity of luxury, however with increasing disposable incomes with individuals, cars have become a common commodity today in majority of the households. Higher penetrations of cars have caused pressures on the environment in terms of pollution and therefore, the car sharing business has been evolving to solve the problems of pollution as well as increasing car traffic on the roads. An efficient car sharing system can be developed only on a strong foundation laid for it.
However, the global automated test equipment market is undergoing a rapid technological-driven change. The development of autonomous vehicles is being witnessed with some of the renowned car manufacturers collaborating with the technology leaders for it to be conceptualized. Autonomous vehicles have evolved on the platform built by ADAS. Companies like Ford, General Motors, Nissan, Tesla, Mercedes, Honda and other major manufacturers have been investing billions of dollars in the research & development of these cars. Also, technology giants like Apple, IBM, and Intel have further collaborated with the leading auto manufacturers to remain competitive.
Some of the key players operating in automated test equipment market include Advantest Corporation, Anritsu Corporation, Astronics Corporation, Averna, Chroma ATE Inc., Exicon co., Ltd, National Instruments Corporation, SPEA S.P.A., Teradyne Inc. and Test research Inc. among others.
