Hardware in the Loop Market Size, Share & Trends, 2025 To 2030
Hardware in the Loop Market by Offering (Hardware, Software and Consulting and System Design, System Integration, Maintenance and Support)), Type (Open Loop, Closed Loop), Vertical and Region - Global Forecast to 2030
USD 1.78
MARKET SIZE,2030
CAGR 10.1%
(2025-2030)
242
REPORT PAGES
272
MARKET TABLES
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The hardware in the loop market is projected to grow from USD 1,001.7 million in 2024 to USD 1,784.4 million by 2030, at a CAGR of 10.1%. The hardware in the loop (HIL) market is undergoing rapid development primarily due to the increased need for advanced testing in applications such as electric vehicles, autonomous systems, aerospace, and industrial automation.
KEY TAKEAWAYS
-
BY TYPEThe market for the closed loop segment is projected to register a higher CAGR during the forecast period. Protective relays, controllers, and other hardware equipment are connected to real-time simulation equipment for HIL simulation. These simulations are used in the aerospace, defense, space, and utility industries. The rising implementation of autonomous driving and ADAS is expected to boost the demand for closed-loop hardware in the loop systems across the automotive industry.
-
BY OFFERINGSoftware plays a crucial role in ensuring accuracy, efficiency, and safety during the product development process. As embedded systems become more complex, the need for advanced software to simulate intricate behaviours and interactions grows. This makes software an essential component in reducing development time and improving product reliability.
-
BY VERTICALThe market in the power electronics sector is expected to witness the highest growth rate from 2025 to 20230. Companies in this sector use HIL to develop and test electronic grids, wind turbine generators, photovoltaic inverters, nuclear power plant control systems, and other products. Typhoon HIL (US), OPAL-RT Technologies (Canada), and Emerson Electric Co. (US) provide hardware-in-the-loop solutions to the power electronics segment.
-
BY REGIONThe Asia Pacific is expected to register the highest CAGR in the HIL market from 2025 to 2030. China, Japan, and India are significant drivers of the market. The rapid growth of the automotive, aerospace, and power electronics sectors has contributed to the growth of the HIL market. Some of the automobile manufacturers in the Asia Pacific using HIL are Subaru (Japan) and TATA Motors (India).
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COMPETITIVE LANDSCAPECompanies such as dSPACE GmbH (Germany), Emeson Electric Co. (US), Vector Informatic GmbH (Germany), Elektrobit (Germany), and OPAL-RT Technologies (Canada) are the leading players in the market. These companies rely on strategies that include new product launches and developments, partnerships and collaborations, and acquisitions. Such advantages give these companies an edge over other companies in the market.
The hardware in the loop (HIL) market is experiencing robust growth, driven by rising adoption in automotive, aerospace, and industrial automation sectors for advanced, real-time simulation and validation.The market benefits from the accelerating complexity of embedded systems, autonomous vehicles, and regulatory requirements for more efficient and cost-effective testing. Expanding use cases in renewable energy, robotics, and smart infrastructure continue to reinforce HIL solutions as critical tools for innovation and compliance.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
HIL simulation is a key technology used in the automotive industry for testing control modules, such as those for engines and transmissions. With the complexity of powertrain systems, design departments are using HIL to test embedded software and controllers with actual hardware components to simulate real-world conditions. Hardware in the loop simulation can also benefit the development of ECUs for chassis and body electronics, such as airbags, active suspension, heating and cooling, seats, and keyless entry.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
Drivers
Impact
Level
Level
-
Faster product development with early stages of testing using hardware in the loop
-
Technological advancements in electric and autonomous vehicles
RESTRAINTS
Impact
Level
Level
-
High cost of ownership and technical complexity in implementation
OPPORTUNITIES
Impact
Level
Level
-
Adoption in new application areas such as power electronics and industrial robotics
CHALLENGES
Impact
Level
Level
-
Reluctance to invest
-
Complexity in creating a real-time simulation
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Faster product development with early stages of testing using hardware in the loop
Many industries such as automobile, aerospace, defense, semiconductor, and energy are continuously working on reducing the time period utilized in product development stages where electronic controls are a crucial part of the product. Model-based design techniques such as V-cycle are implemented by companies to speed up the development of control systems during the development phase of a product.
Restraint: High cost of ownership and technical complexity in implementation
HIL is a complex technique because designing the mathematical model can be challenging due to the variables and the function block added to the system. Complex systems such as microgrids, aircraft models, and automobile environment generation need hardware capable of handling heavy data processing. This requires investing in an initial setup of expensive real-time simulators and rack computers to run the simulation model.
Opportunity: Adoption in new application areas such as power electronics and industrial robotics
The hardware-in-the-loop technique is primarily used for testing in the automotive and aerospace industries. As modern vehicles become more complex, the demand for hardware-in-the-loop testing solutions has increased. In the aviation sector, hardware-in-the-loop systems are mainly employed to verify and validate aerospace control systems. Because physical testing in this industry can be very risky for both the actual equipment and human safety, hardware-in-the-loop methods are favored for most testing requirements.
Challenge: Reluctance to invest
HIL testing requires significant investments in the initial stage, which is why manufacturers are often reluctant to invest in it. Limited awareness of its benefits, such as its ability to lower costs by identifying errors and issues early in development, also hampers its wider adoption.
Hardware in the Loop Market: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
 |
Simulation and validation platforms for automotive, aerospace, and industrial automation | Accelerates controller software testing, enables early fault detection, reduces development time |
 |
Modular HIL systems for embedded controller development in automotive (including EVs), aerospace, and energy | Shortens prototype cycles, increases test coverage, lowers costs, improves innovation speed |
 |
Power electronics and grid HIL solutions for energy and utilities | Real-time fault injection, safer equipment validation, robust compliance and risk reduction |
 |
HIL for automotive ECU, ADAS, and sensor simulation | Enhanced reliability of advanced driver-assistance systems, efficient failure mode exploration |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The HIL market ecosystem includes hardware and software providers, distributors, and potential customers. Hardware and software include companies like dSPACE (Germany), Emerson Electric Co. (US), and OPAL-RT Technologies (Canada), among others. Distributors include ATE Systems Inc. (US) and Testonica (Estonia), among others. The next part of the ecosystem includes potential customers. In terms of vertical, potential customers in the automobile industry include Tesla (US) and Ford (US). In aerospace, Boeing (US) and Airbus (France) are some of the major customers.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Hardware in the Loop Market, By Offering
The hardware segment is expected to have the largest market size during the forecast period. HIL market offerings provide more authentic operational testing environments for practice and application. Several industries prefer dedicated hardware setups based on reliability and durability in testing, along with the capacity for high-speed, real-time simulations without latency. As testing needs continue to shift toward application testing, the use of customized hardware configurations will naturally evolve.
Hardware in the Loop Market, By Type
The closed-loop testing segment is expected to grow at the highest CAGR during the forecast period. Closed-loop HIL reduces time spent testing fatigue while allowing for a more accurate validation and testing of safety-critical systems. One of the most significant opportunities for growth is in the automotive industry, as closed-loop HIL is critical for validating ADAS, sensor fusion capabilities, and high-voltage powertrain components in realistic processing environments.
Hardware in the Loop Market, By Vertical
The automotive industry is expected to play a major role in the hardware-in-the-loop (HIL) market because of the growing use of the HIL technique for improving electronic control units (ECUs), reducing time-to-market, and meeting automotive standards. As the automotive sector adopts new technologies related to electric vehicles (EVs) or autonomous driving systems, the need for testing these new technologies becomes even more important for critical components, including Battery Management Systems (BMS), computer vision, LiDAR, and other sensor systems.
REGION
Asia Pacific to be fastest-growing region in global hardware in the loop market during forecast period
During the forecast period, the Asia Pacific region is projected to grow at the highest CAGR in the hardware-in-the-loop (HIL) market due to various factors. Countries like China, India, and Japan have undergone rapid industrialization and infrastructural development, resulting in increased demand for HIL solutions in the automotive, aerospace, and electronics industries.
Hardware in the Loop Market: COMPANY EVALUATION MATRIX
dSPACE (Star) is a leading company in terms of product portfolio, technology offerings, and presence. Star companies are well-reputed in the market; therefore, it is easy for them to expand their reach worldwide. Konrad Technologies (Emerging Leader) shows strong growth potential. Emerging leaders are characterized by innovative products and substantial R&D portfolios.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2024 (Value) | USD 1.00 Billion |
| Market Forecast in 2030 (Value) | USD 1.78 Billion |
| Growth Rate | CAGR of 10.1% from 2025-2030 |
| Years Considered | 2021-2030 |
| Base Year | 2024 |
| Forecast Period | 2025-2030 |
| Units Considered | Value (USD Million/Billion), Volume (Thousand Units) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered |
|
| Regions Covered | North America, Asia Pacific, Europe, RoW |
WHAT IS IN IT FOR YOU: Hardware in the Loop Market REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Leading Automotive OEM | Competitive profiling of HIL system suppliers (product offerings, integration capabilities, test coverage) | Identify qualified HIL technology partners |
| Component/System Manufacturer | Benchmarking of HIL adoption across automotive, aerospace, industrial controls | Switching cost analysis for test platform migrations |
RECENT DEVELOPMENTS
- January 2025 : dSPACE, a leading provider of solutions for developing connected, autonomous, and electric vehicles, partnered with Microsoft to explore the use of generative AI in advancing virtual electronic control unit (V-ECU) development. This collaboration aims to enhance software-in-the-loop (SIL) testing by leveraging AI to accelerate V-ECU creation and updates, enabling greater efficiency and faster CI/CD and validation pipelines.
- February, 2025 : Elektrobit partnered with Cognizant to integrate its Adaptive AUTOSAR solution into Cognizant's Software-Defined Vehicle (SDV) solution accelerator. This collaboration aims to assist OEMs and Tier 1 suppliers in developing scalable and flexible SDV architectures, thereby accelerating development cycles and enhancing customer satisfaction.
- November 2024 : OPAL-RT Technologies recently concluded its first-ever real-time simulation conference, RT24-IN, in Bengaluru, India. The event featured the unveiling of the OP1400-BM Bench, a specialized Power-Hardware-in-the-Loop (PHIL) system designed for academic use.
- June 2023 : NI (formerly National Instruments) announced that it had joined the Indy Autonomous Challenge (IAC) as the official Hardware-in-the-Loop (HIL) Technology Sponsor. This partnership allows IAC teams to leverage NI's state-of-the-art HIL test systems to validate car architectures and thoroughly test components in a controlled environment before racing. The collaboration aims to advance autonomous vehicle technology and accelerate its commercialization by providing a unified testing ground for industry technologies.
Table of Contents
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TITLE
PAGE NO
1
INTRODUCTION
26
2
RESEARCH METHODOLOGY
30
3
EXECUTIVE SUMMARY
41
4
PREMIUM INSIGHTS
44
5
MARKET OVERVIEW
Electric and autonomous vehicles drive market dynamics, despite high costs and technical complexities.
47
5.1
INTRODUCTION
5.2
MARKET DYNAMICS
5.2.1
DRIVERS
5.2.1.1
TECHNOLOGICAL ADVANCEMENTS IN ELECTRIC AND AUTONOMOUS VEHICLES
5.2.1.2
INCREASING ADOPTION IN EARLY PRODUCT DEVELOPMENT PHASE
5.2.1.3
GROWING DEMAND IN DEVELOPING COUNTRIES
5.2.2
RESTRAINTS
5.2.2.1
HIGH COST OF OWNERSHIP AND TECHNICAL COMPLEXITY IN IMPLEMENTATION
5.2.3
OPPORTUNITIES
5.2.3.1
ADOPTION IN POWER ELECTRONICS AND INDUSTRIAL ROBOTICS
5.2.4
CHALLENGES
5.2.4.1
COMPLEXITY IN CREATING REAL-TIME SIMULATION
5.2.4.2
LIMITED INVESTMENTS DUE TO LACK OF AWARENESS
5.3
VALUE CHAIN ANALYSIS
5.4
PORTER'S FIVE FORCES ANALYSIS
5.4.1
INTENSITY OF COMPETITIVE RIVALRY
5.4.2
BARGAINING POWER OF SUPPLIERS
5.4.3
BARGAINING POWER OF BUYERS
5.4.4
THREAT OF NEW ENTRANTS
5.4.5
THREAT OF SUBSTITUTES
5.5
KEY STAKEHOLDERS AND BUYING CRITERIA
5.5.1
KEY STAKEHOLDERS IN BUYING PROCESS
5.5.2
BUYING CRITERIA
5.6
ECOSYSTEM ANALYSIS
5.7
TRENDS/DISRUPTIONS IMPACTING CUSTOMERS
5.8
CASE STUDIES
5.8.1
MODULAR HARDWARE IN THE LOOP TEST SYSTEM FOR AUTOMOBILE ECU TESTING
5.8.2
HARDWARE IN THE LOOP AND DURABILITY TESTING FOR ELECTRIC PARKING BRAKES
5.8.3
HARDWARE IN THE LOOP-POWERED DIGITAL TWIN MODEL FOR SMART ELECTRIC GRID RESEARCH
5.8.4
AUTOMATED VALIDATION OF RADAR SENSORS IN AUTOMOBILES
5.8.5
DEVELOPING HARDWARE IN THE LOOP SYSTEM FOR TESTING HYDROGEN VEHICLES
5.9
TECHNOLOGY ANALYSIS
5.9.1
KEY TECHNOLOGIES
5.9.1.1
CLOUD HARDWARE-IN-THE-LOOP
5.9.2
COMPLEMENTARY TECHNOLOGIES
5.9.2.1
DIGITAL TWIN
5.9.3
ADJACENT TECHNOLOGIES
5.9.3.1
SOFTWARE-IN-THE-LOOP
5.10
PRICING ANALYSIS
5.10.1
AVERAGE SELLING PRICE OF HARDWARE IN THE LOOP TEST SYSTEM, 2024
5.10.2
AVERAGE SELLING PRICE TREND OF HARDWARE IN THE LOOP TEST SYSTEM, BY REGION, 2021 TO 2024
5.11
TRADE ANALYSIS
5.11.1
IMPORT SCENARIO (HS CODE 9031)
5.11.2
EXPORT SCENARIO (HS CODE 9031)
5.12
TARIFF AND REGULATORY LANDSCAPE
5.12.1
TARIFF ANALYSIS
5.12.2
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13
PATENT ANALYSIS
5.14
KEY CONFERENCES AND EVENTS, 2025–2026
5.15
IMPACT OF AI/GEN AI ON HARDWARE IN THE LOOP MARKET
5.16
INVESTMENT AND FUNDING SCENARIO
5.17
2025 US TARIFF IMPACT ON HARDWARE IN THE LOOP MARKET
5.17.1
INTRODUCTION
5.17.2
KEY TARIFF RATES
5.17.3
PRICE IMPACT ANALYSIS
5.17.4
IMPACT ON COUNTRIES/REGIONS
5.17.4.1
US
5.17.4.2
EUROPE
5.17.4.3
ASIA PACIFIC
5.17.5
IMPACT ON END-USE INDUSTRIES
6
HARDWARE IN THE LOOP MARKET, BY OFFERING
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million and Units | 6 Data Tables
83
6.1
INTRODUCTION
6.2
HARDWARE
6.2.1
DEMAND FOR SYSTEM PERFORMANCE WITH SCALABLE HARDWARE TO DRIVE MARKET
6.3
SOFTWARE
6.3.1
INCREASING DEMAND FOR ENABLING SCALABLE AND INTELLIGENT HIL SIMULATIONS TO DRIVE SEGMENT GROWTH
6.4
SERVICES
6.4.1
INCREASING DEMAND FOR SYSTEM INTEGRATION TO DRIVE MARKET GROWTH
6.4.1.1
CONSULTING AND SYSTEM DESIGN
6.4.1.2
SYSTEM INTEGRATION
6.4.1.3
MAINTENANCE AND SUPPORT
7
HARDWARE IN THE LOOP MARKET, BY TYPE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 6 Data Tables
88
7.1
INTRODUCTION
7.2
OPEN LOOP
7.2.1
APPLICATIONS IN SIMPLE OPEN-LOOP CONTROLLERS TESTING TO DRIVE MARKET GROWTH
7.3
CLOSED LOOP
7.3.1
ADOPTION IN COMPLEX CONTROLLERS & CONTROL SYSTEMS IN DYNAMIC TEST PLATFORM TO DRIVE DEMAND
8
HARDWARE IN THE LOOP MARKET, BY VERTICAL
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 114 Data Tables
93
8.1
INTRODUCTION
8.2
AUTOMOBILE
8.2.1
TECHNOLOGICAL ADVANCES IN AUTOMOTIVE SECTOR FUELING DEMAND FOR FAST AND RESPONSIVE TESTING
8.3
AEROSPACE
8.3.1
NEED FOR RAPID DEVELOPMENT OF ECU SOFTWARE AND SIMULTANEOUS VERIFICATION OF CONTROL SYSTEMS TO DRIVE MARKET
8.4
DEFENSE
8.4.1
OFFERS COST-EFFECTIVE AND RELIABLE TESTING OF DEFENSE TECHNOLOGIES
8.5
POWER ELECTRONICS
8.5.1
NEED FOR ONGOING TESTING AND SIMULATION OF DIFFERENT SCENARIOS WITHIN ELECTRIC GRIDS TO DRIVE MARKET
8.6
RESEARCH & EDUCATION
8.6.1
OFFERS RELIABLE VIRTUAL TESTING OF ECU FOR RESEARCH AND ACADEMIC STUDIES
8.7
RENEWABLE ENERGY
8.7.1
OFFERS RELIABLE VIRTUAL TESTING OF SOLAR POWER PLANTS FOR RENEWABLE ENERGY
8.8
OTHER VERTICALS
9
HARDWARE IN THE LOOP MARKET, BY REGION
Comprehensive coverage of 8 Regions with country-level deep-dive of 21 Countries | 66 Data Tables.
140
9.1
INTRODUCTION
9.2
NORTH AMERICA
9.2.1
US
9.2.1.1
PRESENCE OF STRONG AEROSPACE SECTOR FUELING MARKET GROWTH
9.2.2
CANADA
9.2.2.1
GROWTH OF ELECTRIC VEHICLES INDUSTRY TO BOOST DEMAND FOR HARDWARE IN THE LOOP TESTING OF EQUIPMENT AND CONTROL SYSTEMS
9.2.3
MEXICO
9.2.3.1
GROWING INVESTMENTS FROM AUTOMOBILE MANUFACTURERS TO PROPEL DEMAND
9.2.4
MACROECONOMIC OUTLOOK FOR NORTH AMERICA
9.3
EUROPE
9.3.1
UK
9.3.1.1
DEVELOPMENT OF POWER INFRASTRUCTURE AND INTEGRATION OF RENEWABLE ENERGY SOURCES TO BOOST DEMAND
9.3.2
GERMANY
9.3.2.1
PRESENCE OF LEADING AUTOMOBILE COMPANIES TO DRIVE MARKET
9.3.3
FRANCE
9.3.3.1
INCREASING ADOPTION OF ROBOTICS TO FUEL DEMAND FOR TESTING AND SIMULATION
9.3.4
ITALY
9.3.4.1
INCREASING TECHNOLOGY ADOPTION IN AUTOMOTIVE SECTOR TO SUPPORT MARKET GROWTH
9.3.5
SPAIN
9.3.5.1
INCREASING ADOPTION OF RENEWABLE ENERGY TO DRIVE MARKET GROWTH
9.3.6
POLAND
9.3.6.1
ADOPTION OF INDUSTRY 4.0 PLATFORM TO DRIVE DEMAND
9.3.7
NORDICS
9.3.7.1
INCREASING TREND OF GREEN TECHNOLOGY ADOPTION TO DRIVE MARKET
9.3.8
REST OF EUROPE
9.3.9
MACROECONOMIC OUTLOOK FOR EUROPE
9.4
ASIA PACIFIC
9.4.1
CHINA
9.4.1.1
STRONG PRESENCE OF MANUFACTURING INDUSTRY TO FUEL MARKET GROWTH
9.4.2
INDIA
9.4.2.1
EXPANSION OF ELECTRIC VEHICLE INDUSTRY TO CREATE DEMAND FOR TESTING AND SIMULATION
9.4.3
JAPAN
9.4.3.1
GROWTH OF POWER ELECTRONICS SECTOR TO SUPPORT MARKET GROWTH
9.4.4
SOUTH KOREA
9.4.4.1
GROWTH OF AUTOMOTIVE SECTOR TO DRIVE DEMAND
9.4.5
INDONESIA
9.4.5.1
GROWING DEMAND FOR ADVANCED TESTING IN AUTOMOTIVE SECTOR TO DRIVE MARKET
9.4.6
AUSTRALIA
9.4.6.1
EXPANSION OF ELECTRIC VEHICLE INDUSTRY TO FUEL MARKET GROWTH
9.4.7
MALAYSIA
9.4.7.1
GOVERNMENT INITIATIVES TO SUPPORT SMART MANUFACTURING TO DRIVE MARKET
9.4.8
THAILAND
9.4.8.1
GOVERNMENT INITIATIVES TO STRENGTHEN DIGITAL INFRASTRUCTURE AND PROMOTE TECHNOLOGICAL INNOVATION TO FUEL MARKET GROWTH
9.4.9
VIETNAM
9.4.9.1
GOVERNMENT INITIATIVES TO ENHANCE SIMULATION AND TESTING TECHNIQUES TO SUPPORT MARKET GROWTH
9.4.10
REST OF ASIA PACIFIC
9.4.11
MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
9.5
ROW
9.5.1
SOUTH AMERICA
9.5.1.1
DEVELOPMENT OF EV INDUSTRY TO INCREASE DEMAND FOR HARDWARE IN THE LOOP SOLUTIONS
9.5.2
MIDDLE EAST
9.5.2.1
GROWING ADOPTION OF EVS TO SUPPORT MARKET GROWTH
9.5.2.2
BAHRAIN
9.5.2.3
KUWAIT
9.5.2.4
QATAR
9.5.2.5
OMAN
9.5.2.6
SAUDI ARABIA
9.5.2.7
UAE
9.5.3
AFRICA
9.5.3.1
INDUSTRIAL MODERNIZATION AND NEED FOR EFFICIENT, COST-EFFECTIVE TESTING TO SUPPORT MARKET GROWTH
9.5.3.2
SOUTH AFRICA
9.5.3.3
OTHER AFRICAN COUNTRIES
9.5.4
MACROECONOMIC OUTLOOK FOR ROW
10
COMPETITIVE LANDSCAPE
Discover top players' strategies and market dominance shaping the competitive landscape through 2025.
181
10.1
OVERVIEW
10.2
KEY STRENGTHS/RIGHT TO WIN, 2021–2025
10.3
REVENUE ANALYSIS, 2022–2024
10.4
MARKET SHARE ANALYSIS, 2024
10.5
COMPANY VALUATION AND FINANCIAL METRICS, 2025
10.6
BRAND/PRODUCT COMPARISON
10.7
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
10.7.1
STARS
10.7.2
EMERGING LEADERS
10.7.3
PERVASIVE COMPANIES
10.7.4
PARTICIPANTS
10.7.5
COMPANY FOOTPRINT: KEY PLAYERS, 2024
10.7.5.1
COMPANY FOOTPRINT
10.7.5.2
REGION FOOTPRINT
10.7.5.3
TYPE FOOTPRINT
10.7.5.4
VERTICAL FOOTPRINT
10.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
10.8.1
PROGRESSIVE COMPANIES
10.8.2
RESPONSIVE COMPANIES
10.8.3
DYNAMIC COMPANIES
10.8.4
STARTING BLOCKS
10.8.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
10.8.5.1
DETAILED LIST OF KEY STARTUPS/SMES
10.8.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
10.9
COMPETITIVE SCENARIO
10.9.1
PRODUCT LAUNCHES
10.9.2
DEALS
10.9.3
OTHER DEVELOPMENTS
11
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
200
11.1
KEY PLAYERS
11.1.1
DSPACE
11.1.1.1
BUSINESS OVERVIEW
11.1.1.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.1.1.3
RECENT DEVELOPMENTS
11.1.1.4
MNM VIEW
11.1.2
EMERSON ELECTRIC CO.
11.1.3
VECTOR INFORMATIK
11.1.4
ELEKTROBIT AUTOMOTIVE
11.1.5
OPAL-RT TECHNOLOGIES
11.1.6
SPEEDGOAT
11.1.7
BOSCH SOFTWARE PRIVATE LIMITED
11.1.8
TYPHOON HIL
11.1.9
IPG AUTOMOTIVE
11.1.10
ACUTRONIC
11.1.11
PLEXIM
11.2
OTHER PLAYERS
11.2.1
GENUEN
11.2.2
LHP, INC.
11.2.3
MICRONOVA
11.2.4
KONRAD TECHNOLOGIES
11.2.5
MODELINGTECH
11.2.6
BLOOMY CONTROLS
11.2.7
CONTROLLAB
11.2.8
PICKERING INTERFACES
11.2.9
APPLUS+
11.2.10
ADD2 LIMITED
11.2.11
BLUEHALO
11.2.12
SIEMENS
11.2.13
SPIRENT COMMUNICATIONS
11.2.14
UAV NAVIGATION
12
APPENDIX
237
12.1
DISCUSSION GUIDE
12.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3
CUSTOMIZATION OPTIONS
12.4
RELATED REPORTS
12.5
AUTHOR DETAILS
LIST OF TABLES
TABLE 1
RESEARCH ASSUMPTIONS: HARDWARE IN THE LOOP MARKET
TABLE 2
LIMITATIONS AND ASSOCIATED RISKS
TABLE 3
HARDWARE IN THE LOOP MARKET: IMPACT OF PORTER'S FIVE FORCES
TABLE 4
INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE VERTICALS (%)
TABLE 5
KEY BUYING CRITERIA FOR TOP THREE VERTICALS
TABLE 6
HARDWARE IN THE LOOP MARKET: ROLE OF PLAYERS IN ECOSYSTEM
TABLE 7
AVERAGE SELLING PRICE OF HARDWARE IN THE LOOP TEST SYSTEM PROVIDED BY KEY PLAYERS, 2024 (USD)
TABLE 8
AVERAGE SELLING PRICE TREND OF HARDWARE IN THE LOOP TEST SYSTEM, BY REGION, 2021 TO 2024
TABLE 9
IMPORT DATA FOR HS CODE 9031-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024, (USD THOUSAND)
TABLE 10
EXPORT DATA FOR HS CODE 9031-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)
TABLE 11
MFN TARIFFS FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES IMPORTED BY CHINA
TABLE 12
MFN TARIFFS FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES IMPORTED BY US
TABLE 13
MFN TARIFF FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES IMPORTED BY GERMANY
TABLE 14
MFN TARIFF FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES IMPORTED BY INDIA
TABLE 15
NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16
EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17
ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18
MAJOR PATENTS IN HARDWARE IN THE LOOP MARKET, 2015–2025
TABLE 19
HARDWARE IN THE LOOP MARKET: LIST OF CONFERENCES AND EVENTS
TABLE 20
US-ADJUSTED RECIPROCAL TARIFF RATES
TABLE 21
HARDWARE IN THE LOOP MARKET, BY OFFERING, 2021–2024 (USD MILLION)
TABLE 22
HARDWARE IN THE LOOP MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 23
HARDWARE IN THE LOOP MARKET, BY OFFERING, 2021–2024 (THOUSAND UNITS)
TABLE 24
HARDWARE IN THE LOOP MARKET, BY OFFERING, 2025–2030 (THOUSAND UNITS)
TABLE 25
SERVICES: HARDWARE IN THE LOOP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 26
SERVICES: HARDWARE IN THE LOOP MARKET, BY TYPE, 2025–2030 (USD MILLION)
TABLE 27
HARDWARE IN THE LOOP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 28
HARDWARE IN THE LOOP MARKET, BY TYPE, 2025–2030 (USD MILLION)
TABLE 29
OPEN LOOP: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 30
OPEN LOOP: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 31
CLOSED LOOP: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 32
CLOSED LOOP: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 33
HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 34
HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 35
AUTOMOBILE: HARDWARE IN THE LOOP MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 36
AUTOMOBILE: HARDWARE IN THE LOOP MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 37
AUTOMOBILE: HARDWARE IN THE LOOP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 38
AUTOMOBILE: HARDWARE IN THE LOOP MARKET, BY TYPE, 2025–2030 (USD MILLION)
TABLE 39
AUTOMOBILE: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 40
AUTOMOBILE: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 41
AUTOMOBILE: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 42
AUTOMOBILE: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 43
AUTOMOBILE: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 44
AUTOMOBILE: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 45
AUTOMOBILE: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
TABLE 46
AUTOMOBILE: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
TABLE 47
AUTOMOBILE: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 48
AUTOMOBILE: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 49
AUTOMOBILE: HARDWARE IN THE LOOP MARKET IN AFRICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 50
AUTOMOBILE: HARDWARE IN THE LOOP MARKET IN AFRICA, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 51
AEROSPACE: HARDWARE IN THE LOOP MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 52
AEROSPACE: HARDWARE IN THE LOOP MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 53
AEROSPACE: HARDWARE IN THE LOOP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 54
AEROSPACE: HARDWARE IN THE LOOP MARKET, BY TYPE, 2025–2030 (USD MILLION)
TABLE 55
AEROSPACE: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 56
AEROSPACE: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 57
AEROSPACE: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 58
AEROSPACE: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 59
AEROSPACE: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 60
AEROSPACE: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 61
AEROSPACE: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
TABLE 62
AEROSPACE: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
TABLE 63
AEROSPACE: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 64
AEROSPACE: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 65
AEROSPACE: HARDWARE IN THE LOOP MARKET IN AFRICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 66
AEROSPACE: HARDWARE IN THE LOOP MARKET IN AFRICA, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 67
DEFENSE: HARDWARE IN THE LOOP MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 68
DEFENSE: HARDWARE IN THE LOOP MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 69
DEFENSE: HARDWARE IN THE LOOP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 70
DEFENSE: HARDWARE IN THE LOOP MARKET, BY TYPE, 2025–2030 (USD MILLION)
TABLE 71
DEFENSE: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 72
DEFENSE: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 73
DEFENSE: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 74
DEFENSE: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 75
DEFENSE: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 76
DEFENSE: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 77
DEFENSE: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
TABLE 78
DEFENSE: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
TABLE 79
DEFENSE: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 80
DEFENSE: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 81
DEFENSE: HARDWARE IN THE LOOP MARKET IN AFRICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 82
DEFENSE: HARDWARE IN THE LOOP MARKET IN AFRICA, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 83
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 84
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 85
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 86
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET, BY TYPE, 2025–2030 (USD MILLION)
TABLE 87
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 88
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 89
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 90
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 91
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 92
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 93
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
TABLE 94
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
TABLE 95
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 96
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 97
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET IN AFRICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 98
POWER ELECTRONICS: HARDWARE IN THE LOOP MARKET IN AFRICA, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 99
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 100
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 101
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 102
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET, BY TYPE, 2025–2030 (USD MILLION)
TABLE 103
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 104
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 105
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 106
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 107
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 108
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 109
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
TABLE 110
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
TABLE 111
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 112
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 113
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET IN AFRICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 114
RESEARCH & EDUCATION: HARDWARE IN THE LOOP MARKET IN AFRICA, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 115
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 116
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 117
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 118
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET, BY TYPE, 2025–2030 (USD MILLION)
TABLE 119
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 120
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 121
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 122
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 123
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 124
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 125
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
TABLE 126
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
TABLE 127
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 128
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 129
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET IN AFRICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 130
RENEWABLE ENERGY: HARDWARE IN THE LOOP MARKET IN AFRICA, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 131
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 132
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 133
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 134
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET, BY TYPE, 2025–2030 (USD MILLION)
TABLE 135
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 136
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 137
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 138
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 139
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 140
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 141
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
TABLE 142
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
TABLE 143
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 144
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET IN MIDDLE EAST, BY REGION, 2025–2030 (USD MILLION)
TABLE 145
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET IN AFRICA, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 146
OTHER VERTICALS: HARDWARE IN THE LOOP MARKET IN AFRICA, BY REGION, 2025–2030 (USD MILLION)
TABLE 147
HARDWARE IN THE LOOP MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 148
HARDWARE IN THE LOOP MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 149
NORTH AMERICA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 150
NORTH AMERICA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 151
NORTH AMERICA: HARDWARE IN THE LOOP MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 152
NORTH AMERICA: HARDWARE IN THE LOOP MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 153
US: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 154
US: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 155
CANADA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 156
CANADA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 157
MEXICO: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 158
MEXICO: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 159
EUROPE: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 160
EUROPE: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 161
EUROPE: HARDWARE IN THE LOOP MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 162
EUROPE: HARDWARE IN THE LOOP MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 163
UK: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 164
UK: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 165
GERMANY: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 166
GERMANY: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 167
FRANCE: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 168
FRANCE: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 169
ITALY: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 170
ITALY: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 171
SPAIN: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 172
SPAIN: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 173
POLAND: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 174
POLAND: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 175
NORDICS: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 176
NORDICS: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 177
REST OF EUROPE: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 178
REST OF EUROPE: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 179
ASIA PACIFIC: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 180
ASIA PACIFIC: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 181
ASIA PACIFIC: HARDWARE IN THE LOOP MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 182
ASIA PACIFIC: HARDWARE IN THE LOOP MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 183
CHINA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 184
CHINA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 185
INDIA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 186
INDIA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 187
JAPAN: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 188
JAPAN: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 189
SOUTH KOREA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 190
SOUTH KOREA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 191
INDONESIA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 192
INDONESIA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 193
AUSTRALIA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 194
AUSTRALIA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 195
MALAYSIA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 196
MALAYSIA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 197
THAILAND: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 198
THAILAND: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 199
VIETNAM: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 200
VIETNAM: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 201
REST OF ASIA PACIFIC: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 202
REST OF ASIA PACIFIC: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 203
ROW: HARDWARE IN THE LOOP MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 204
ROW: HARDWARE IN THE LOOP MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 205
ROW: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 206
ROW: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 207
SOUTH AMERICA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 208
SOUTH AMERICA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 209
MIDDLE EAST: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 210
MIDDLE EAST: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 211
AFRICA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
TABLE 212
AFRICA: HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
TABLE 213
HARDWARE IN THE LOOP MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2025
TABLE 214
HARDWARE IN THE LOOP MARKET: DEGREE OF COMPETITION
TABLE 215
HARDWARE IN THE LOOP MARKET: REGION FOOTPRINT
TABLE 216
HARDWARE IN THE LOOP MARKET: TYPE FOOTPRINT
TABLE 217
HARDWARE IN THE LOOP MARKET: VERTICAL FOOTPRINT
TABLE 218
HARDWARE IN THE LOOP MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 219
HARDWARE IN THE LOOP MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
TABLE 220
HARDWARE IN THE LOOP MARKET: PRODUCT LAUNCHES, NOVEMBER 2019–FEBRUARY 2025
TABLE 221
HARDWARE IN THE LOOP MARKET: DEALS, NOVEMBER 2019–FEBRUARY 2025
TABLE 222
HARDWARE IN THE LOOP MARKET: OTHER DEVELOPMENTS, NOVEMBER 2019–FEBRUARY 2025
TABLE 223
DSPACE: COMPANY OVERVIEW
TABLE 224
DSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 225
DSPACE: DEALS
TABLE 226
EMERSON ELECTRIC CO.: COMPANY OVERVIEW
TABLE 227
EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 228
EMERSON ELECTRIC CO.: PRODUCT LAUNCHES
TABLE 229
EMERSON ELECTRIC CO.: DEALS
TABLE 230
VECTOR INFORMATIK: COMPANY OVERVIEW
TABLE 231
VECTOR INFORMATIK: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 232
VECTOR INFORMATIK: PRODUCT LAUNCHES
TABLE 233
VECTOR INFORMATIK: DEALS
TABLE 234
ELEKTROBIT AUTOMOTIVE: COMPANY OVERVIEW
TABLE 235
ELEKTROBIT AUTOMOTIVE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 236
ELEKTROBIT AUTOMOTIVE: DEALS
TABLE 237
ELEKTROBIT AUTOMOTIVE: OTHER DEVELOPMENTS
TABLE 238
OPAL-RT TECHNOLOGIES: COMPANY OVERVIEW
TABLE 239
OPAL-RT TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 240
OPAL-RT TECHNOLOGIES: DEALS
TABLE 241
OPAL-RT TECHNOLOGIES: EXPANSIONS
TABLE 242
SPEEDGOAT: COMPANY OVERVIEW
TABLE 243
SPEEDGOAT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 244
SPEEDGOAT: PRODUCT LAUNCHES
TABLE 245
SPEEDGOAT: DEALS
TABLE 246
BOSCH SOFTWARE PRIVATE LIMITED: COMPANY OVERVIEW
TABLE 247
BOSCH SOFTWARE PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 248
TYPHOON HIL: COMPANY OVERVIEW
TABLE 249
TYPHOON HIL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 250
TYPHOON HIL: PRODUCT LAUNCHES
TABLE 251
IPG AUTOMOTIVE: COMPANY OVERVIEW
TABLE 252
IPG AUTOMOTIVE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 253
IPG AUTOMOTIVE: PRODUCT LAUNCHES
TABLE 254
IPG AUTOMOTIVE: OTHER DEVELOPMENTS
TABLE 255
ACUTRONIC: COMPANY OVERVIEW
TABLE 256
ACUTRONIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 257
PLEXIM: COMPANY OVERVIEW
TABLE 258
PLEXIM: PRODUCT OFFERINGS
TABLE 259
GENUEN: COMPANY OVERVIEW
TABLE 260
LHP, INC.: COMPANY OVERVIEW
TABLE 261
MICRONOVA: COMPANY OVERVIEW
TABLE 262
KONRAD TECHNOLOGIES: COMPANY OVERVIEW
TABLE 263
MODELINGTECH: COMPANY OVERVIEW
TABLE 264
BLOOMY CONTROLS: COMPANY OVERVIEW
TABLE 265
CONTROLLAB: COMPANY OVERVIEW
TABLE 266
PICKERING INTERFACES: COMPANY OVERVIEW
TABLE 267
APPLUS+: COMPANY OVERVIEW
TABLE 268
ADD2 LIMITED: COMPANY OVERVIEW
TABLE 269
BLUEHALO: COMPANY OVERVIEW
TABLE 270
SIEMENS: COMPANY OVERVIEW
TABLE 271
SPIRENT COMMUNICATIONS: COMPANY OVERVIEW
TABLE 272
UAV NAVIGATION: COMPANY OVERVIEW
LIST OF FIGURES
FIGURE 1
HARDWARE IN THE LOOP MARKET SEGMENTATION AND REGIONAL SCOPE
FIGURE 2
HARDWARE IN THE LOOP MARKET: RESEARCH FLOW
FIGURE 3
HARDWARE IN THE LOOP MARKET: RESEARCH DESIGN
FIGURE 4
MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
FIGURE 5
MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 6
MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 7
DATA TRIANGULATION: HARDWARE IN THE LOOP MARKET
FIGURE 8
OPEN LOOP SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 9
AUTOMOBILE TO BE LARGEST VERTICAL IN HARDWARE IN THE LOOP MARKET DURING FORECAST PERIOD
FIGURE 10
SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 11
ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR HARDWARE IN THE LOOP DURING FORECAST PERIOD
FIGURE 12
GROWING DEMAND FOR HARDWARE IN THE LOOP TECHNIQUE IN ELECTRIC VEHICLE TESTING AND AUTONOMOUS DRIVING TO DRIVE MARKET
FIGURE 13
US ACCOUNTED FOR LARGEST SHARE OF NORTH AMERICAN HARDWARE IN THE LOOP MARKET IN 2024
FIGURE 14
POWER ELECTRONICS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 15
SOUTH KOREA TO REGISTER HIGHEST CAGR IN HARDWARE IN THE LOOP MARKET FROM 2025 TO 2030
FIGURE 16
HARDWARE IN THE LOOP MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 17
HARDWARE IN THE LOOP MARKET: IMPACT ANALYSIS OF DRIVERS
FIGURE 18
HARDWARE IN THE LOOP MARKET: IMPACT ANALYSIS OF RESTRAINTS
FIGURE 19
HARDWARE IN THE LOOP MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
FIGURE 20
HARDWARE IN THE LOOP MARKET: IMPACT ANALYSIS OF CHALLENGES
FIGURE 21
HARDWARE IN THE LOOP MARKET: VALUE CHAIN ANALYSIS
FIGURE 22
HARDWARE IN THE LOOP MARKET: PORTER'S FIVE FORCES ANALYSIS
FIGURE 23
INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE VERTICALS
FIGURE 24
KEY BUYING CRITERIA FOR TOP THREE VERTICALS
FIGURE 25
HARDWARE IN THE LOOP MARKET: ECOSYSTEM ANALYSIS
FIGURE 26
HARDWARE IN THE LOOP MARKET: TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS
FIGURE 27
AVERAGE SELLING PRICE OF HARDWARE IN THE LOOP TEST SYSTEM, BY KEY PLAYERS, 2024
FIGURE 28
AVERAGE SELLING PRICE TREND OF HARDWARE IN THE LOOP TEST SYSTEM, BY REGION, 2021 TO 2024
FIGURE 29
IMPORT SCENARIO FOR HS CODE 9031-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)
FIGURE 30
EXPORT SCENARIO FOR HS CODE 9031-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)
FIGURE 31
PATENTS APPLIED AND GRANTED 2015–2025
FIGURE 32
HARDWARE IN THE LOOP MARKET: IMPACT OF AI/GEN AI
FIGURE 33
INVESTMENT AND FUNDING SCENARIO, 2021–2024
FIGURE 34
HARDWARE IN THE LOOP MARKET, BY OFFERING
FIGURE 35
HARDWARE IN THE LOOP MARKET, BY OFFERING, 2025–2030
FIGURE 36
HARDWARE IN THE LOOP MARKET, BY TYPE
FIGURE 37
HARDWARE IN THE LOOP MARKET, BY TYPE, 2025–2030
FIGURE 38
HARDWARE IN THE LOOP MARKET, BY VERTICAL
FIGURE 39
HARDWARE IN THE LOOP MARKET, BY VERTICAL, 2025–2030
FIGURE 40
HARDWARE IN THE LOOP MARKET, BY REGION, 2025–2030
FIGURE 41
NORTH AMERICA: HARDWARE IN THE LOOP MARKET SNAPSHOT
FIGURE 42
EUROPE: HARDWARE IN THE LOOP MARKET SNAPSHOT
FIGURE 43
ASIA PACIFIC: HARDWARE IN THE LOOP MARKET SNAPSHOT
FIGURE 44
HARDWARE IN THE LOOP MARKET: REVENUE ANALYSIS FOR TOP PLAYER, 2022–2024
FIGURE 45
HARDWARE IN THE LOOP MARKET SHARE ANALYSIS, 2024
FIGURE 46
COMPANY VALUATION, 2025
FIGURE 47
EV/EBITDA OF KEY VENDORS, 2025
FIGURE 48
HARDWARE IN THE LOOP MARKET: BRAND/PRODUCT COMPARISON
FIGURE 49
HARDWARE IN THE LOOP MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
FIGURE 50
HARDWARE IN THE LOOP MARKET: COMPANY FOOTPRINT
FIGURE 51
HARDWARE IN THE LOOP MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024
FIGURE 52
EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
Methodology
This research study involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the hardware in the loop market. Primary sources were several experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, and organizations related to all the segments of the value chain of the hardware in the loop ecosystem.
In-depth interviews with various primary respondents, such as key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, were conducted to obtain and verify critical qualitative and quantitative information and assess future market prospects.
Secondary Research
Secondary sources referred to for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. Secondary data was collected and analyzed to arrive at the overall market size, which was further validated through primary research.
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the hardware in the loop market through secondary research. Several primary interviews were conducted with experts from both the demand and supply sides across four major regions: North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephone interviews.
Note: Other designations include sales managers, marketing managers, and product managers.
The three tiers of the companies have been defined based on their total revenue as of 2024; tier 1: revenue greater than USD 1 billion; tier 2: revenue between USD 500 million and USD 1 billion; and tier 3: revenue less than USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the hardware in the loop market and its various dependent submarkets.
Hardware in the Loop Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Hardware in the loop (HIL) is a hardware simulation/emulation technology used to virtually emulate a plant under control. This virtual environment is later connected to an electronic control unit (ECU) to observe the real-time performance of the ECU without even connecting to the physical plant. This report covers various verticals of hardware in the loop systems, such as aerospace, defense, automotive, power electronics, renewable energy, and research & education.
Key Stakeholders
- End users of hardware in the loop
- Hardware in the loop solution providers
- Technology providers
- Research organizations and consulting companies
- Venture capitalists, private equity firms, and start-ups
- Research organizations and consulting companies
- Technology standard organizations, forums, alliances, and associations
Report Objectives
- To define and forecast the hardware in the loop market size by type and vertical in terms of value
- To describe and forecast the market for four key regions: North America, Europe, Asia Pacific, and Rest of the World (RoW), along with their respective countries
- To provide detailed information regarding the significant drivers, restraints, opportunities, and challenges influencing the market growth
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
- To study the complete value chain of the hardware in the loop market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the hardware in the loop ecosystem
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies2 and provide details of the competitive landscape
- To analyze strategic approaches such as product launches, collaborations, contracts, acquisitions, agreements, expansions, and partnerships in the hardware in the loop market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players
Key Questions Addressed by the Report
What is the market size for the hardware in the loop market?
The hardware in the loop market size is projected to grow from USD 1,001.7 million in 2024 to USD 1,784.4 million by 2030, at a CAGR of 10.1%.
What are the major driving factors and opportunities in the hardware in the loop market?
A big opportunity in the hardware in the loop (HIL) market is the increased demand for electric vehicles, autonomous driving, and renewable energy testing solutions. The incorporation of artificial intelligence and machine learning for advanced simulation and predictive testing will also contribute to the advancement of HIL systems.
Who are the leading players in the global hardware in the loop market?
Companies such as dSPACE GmbH (Germany), Emerson Electric Co. (US), Vector Informatik GmbH (Germany), Elektrobit (Germany), and OPAL-RT Technologies (Canada) are the leading players in the market. Moreover, these companies rely on strategies that include new product launches and developments, partnerships and collaborations, and acquisitions. Such advantages give these companies an edge over other companies in the market.
Which vertical is expected to have a major hardware in the loop market size during the forecast period?
The automotive industry is projected to account for the largest share of the market for hardware in the loop (HIL), as modern vehicles become more intricate, not only due to the development of electric vehicles but also due to the development of autonomous driving systems. The automotive vertical is heavily reliant on HIL testing to validate critical systems such as ECUs, battery management, ADAS, and sensors.
Which region is expected to have the fastest growth?
The Asia Pacific region is expected to experience the fastest growth in the hardware in the loop (HIL) market, driven by rapid industrialization and significant investments in electric vehicles (EVs), autonomous driving, aerospace, and power electronics.
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Dan
Feb, 2016
Is this report includes the profile of Danlaw?.
Jan
Feb, 2016
We are quite interested in the HIL growth potential in the aerospace industry and which type of HIL systems are used there at the moment. Furthermore, we have an interest in future HIL development in the field of Infotainment and ADAS testing in the automotive industry..
Thorsten
Feb, 2019
Interested in HiL market for Automotive industry .
Rob
May, 2019
Hi, I'm conducting a research for a university project. It would really helpful for me to have a list of all HiL system providers in the UK/Europe. .