DALLAS, TX – The total value of automated test equipment is expected to reach $4.13 billion by 2020 at a CAGR of 2.8% from 2014 to 2020, says MarketsandMarkets.

The ATE market comprises the automated testing system used for applications such as consumer electronics, automotive, aerospace and defense, and medical.

ATE plays a role in automatically diagnosing and testing faults in wafers, integrated circuits, chips, printed circuit boards, and other electronic parts.

Taiwan is considered to be the market leader in the overall automated test equipment market, the research firm says.