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Geographically , the APAC market for automated test equipment led the global market in 2015 occupying over 70 % of the total revenue . The region is further anticipated to continue dominating the global industry over the forecast period . This can be attributed to the rapid technological improvements and the presence of several semiconductor industries in the region . The demands in the European market are characterized by reducing semiconductor consumption as well as reducing expenditure levels of the manufacturers . The rest of the world is said to experience a significant growth over the next few years .
Some of the major companies operating in the global automated test equipment market include Advantest Corp .; LTX-Credence Corp .; and Teradyne Inc . The companies are striving towards cost-effectiveness in the manufacturing process of these devices . The development of fresh instrumentation and improving test platforms along with sustaining a close relationship with consumers are projected to be the major growth strategies .
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