Research and Markets has announced the addition of the "Global Automated Test Equipment Market 2014-2018" report to their offering.
The analysts forecast the Global Automated Test Equipment market will grow at a CAGR of 2 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for smart electronic devices. The Global Automated Test Equipment market has also been witnessing the increasing adoption of SoCs. However, the cyclic nature of the Semiconductor industry could pose a challenge to the growth of this market.
The key vendors dominating this space are Advantest Corp., LTX-Credence Corp., and Teradyne Inc.
The other vendors mentioned in the report are Aeroflex Inc., Agilent Technologies Inc., Anritsu Co., National Instruments Corp., and Rohde & Schwarz GmbH & Co. KG.
Commenting on the report, an analyst from the team said: An SoC is an IC that packages all the necessary electronic components into a single microchip. Currently, the market is witnessing a rapid increase in the demand for SoCs, primarily because of factors such as the rapid technological advancements and changing customer needs. SoCs are used in small and complex electronic devices such as smartphones, tablets, and portable gaming devices. They help develop compact and highly reliable electronic products. Some of the benefits associated with SoCs are the high density of functions, high on-chip frequencies, high reliability, and moderate unit costs. With the increasing adoption of advanced consumer electronics and communication devices, there is an increase in the demand for SoC semiconductors that are smaller in size, provide higher performance, and consume lower power.
For more information visit http://www.researchandmarkets.com/research/2hvgph/global_automated.