Hardware in the Loop Market by Type (Open Loop, Closed Loop), Vertical (Automobile, Aerospace, Defense, Power Electronics, Research & Education) and Region (North America, APAC, Europe, Rest of the World) - Global Forecast to 2027
The hardware in the loop market is projected to grow USD 1,291 million by 2027, at a CAGR of 9.6% during the forecast period. The major factors driving the growth of the market include technological advancements in electric and autonomous vehicles, faster product development with early stages of testing using hardware in the loop, and growing demand in developing countries.
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Hardware in the loop market
The market includes major Tier I and II players like dSPACE GmbH (Germany), NATIONAL INSTRUMENTS CORP. (US), Vector Informatic GmbH (Germany), Elektrobit (Germany), OPAL-RT Technologies (Canada), and others.
Hardware in the loop market dynamics
Driver: Technological advancements in electric and autonomous vehicles
Technologies such as advanced driver assistance systems, autonomous driving, and collision avoidance systems are being adopted in automobiles to improve safety and ride comfort. Hardware in the loop testing is done for ECUs, algorithms, and software used in autonomous technology.
Camera, radar, LiDAR, Image Signal Processing units, GPS, and other sensors are also tested to validate the sensor data using hardware in the loop test benches. Continental has invested USD 76.5 million for developing ADAS and autonomous driving technologies in its Memmingen facility and a new facility, Neu-Ulm, in Germany. In the US, Hyundai has formed a JV with Aptiv to develop self-driving systems for commercialization automobile applications to be used in robotaxi. Minus Zero, a startup based in Bangalore, India, has raised USD 1.7 million for setting up R&D infrastructure to develop affordable self-driving cars. Thus, the demand for hardware in the loop testing in autonomous vehicle technology will increase as more automobile manufacturers adopt the features in their vehicles.
Restraint: High cost of ownership and technical complexity in implementation
Hardware in the loop is a complex technique to be implemented as designing the mathematical model can be complex based on the variables and the function block added to the system. Complex systems such as microgrids, aircraft models, and automobile environment generation require hardware with the capability to handle heavy data processing. This requires investing in an initial setup of expensive real-time simulators and rack computers to run the simulation model. Therefore, when a manufacturer is looking to set up hardware in the loop test system, it is expensive to buy a new system, and complex programs are required to set up the simulation model. With the increasing complexity in the design of embedded controllers, the demand for compatible hardware in the loop system has increased to fulfill the test requirements.
Opportunity: Adoption in new application areas such as power electronics and industrial robotics
The hardware in the loop technique for testing is used mainly in the automotive and aerospace sectors. The growing functionalities in modern vehicles have led to an increase in the demand for hardware in the loop testing solutions which can meet these new benchmarks. In the aviation sector, hardware in the loop systems are used mainly for the verification and validation of aerospace control systems. Since physical testing in this sector can be very risky for the real plant as well as human life, the hardware in the loop technique is preferred for most of the testing needs.
In recent years, the demand for the hardware in the loop testing technique in the power electronics sector has increased, especially for testing the operation, stability, and fault tolerance of electrical grids. It is also being used in the robotics sector for the testing of complex controllers used for robots. The need to meet the industry safety standards among manufacturers is also creating growth opportunities for the hardware in the loop market.
Challenge: Complexity in creating real-time simulation
The hardware in the loop system needs to be designed and programmed as per the requirements of a user. With the change in goal and the device being tested, the specifications of the hardware in the loop system need to be changed so that it is able to simulate an environment that is very close to the real conditions; therefore, it is not possible to create a standard program for all applications. For instance, the programming of the hardware in the loop system for an automobile manufacturer to ensure the products are as per the controller area network (CAN) conformance will be quite different from that of an aerospace manufacturer for testing its aerospace control systems. For this task, extensive knowledge and training are required.
Market for closed loop system to hold the highest CAGR during the forecast period
The closed loop market is expected to grow at the highest CAGR during the forecast period. Protective relays, controllers, and other hardware equipment are connected to real-time simulation equipment for hardware in the loop simulation. These simulations have been 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.
Hardware in the loop market for automobile vertical to hold the highest market share from 2022 to 2027
The automobile vertical is expected to lead the market. The growth is precedential due to the increasing use of hardware in the loop technique in automobiles for developing enhanced ECUs, reducing time to market, and complying with various industry standards.
New technology developments in electric vehicles and autonomous driving require advancement in the testing of Battery Management Systems, LiDAR and computer vision, and other critical components. In January 2022, LeddarTech, a manufacturer of ADAS and AD sensing technology, developed LeddarEcho, a LiDAR simulation software for simulating LiDAR sensor model on dSPACE AURELION for hardware in the loop applications. This has replaced the requirement of using actual LiDAR sensors for the development of sensing platforms and perception systems.
Hardware in the loop market in Asia Pacific to hold the highest CAGR during the forecast period
Asia Pacific is expected to account for the highest share of the market by 2027 and register the highest growth rate from 2022 to 2027. 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 market. Some automobile manufacturers in Asia Pacific using the hardware in the loop technique are Subaru (Japan) and TATA Motors (India).
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Key Market Players
The hardware in the loop market is dominated by players such as dSPACE GmbH (Germany), NATIONAL INSTRUMENTS CORP. (US), Vector Informatic GmbH (Germany), Elektrobit (Germany), and OPAL-RT Technologies (Canada).
Hardware in the loop Market Report Scope
|
Report Metric |
Details |
| Estimated Value | USD 817 Million |
| Expected Value | USD 1,291 Million |
| Growth Rate | CAGR of 9.6% |
|
Market size available for years |
2018-2027 |
|
Base year considered |
2021 |
|
Forecast period |
2022-2027 |
|
On Demand Data Available |
2030 |
|
Segments covered |
|
|
Geographies covered |
|
| Market Leaders | dSPACE GmbH (Germany), Vector Informatic GmbH (Germany), Elektrobit (Germany), OPAL-RT Technologies (Canada), Speedgoat GmbH (Switzerland), Robert Bosch GmbH (Germany), IPG Automotive GmbH (Germany), Acutronic Holding AG (Switzerland), Plexim GmbH (Switzerland), Konrad GmbH (Germany), MicroNova (Germany) |
| Top Companies in North America | NATIONAL INSTRUMENTS CORP. (US), LHP, Inc (US), Genuen (US), and Typhoon HIL (US) |
|
Key Market Driver |
Technological advancements in electric and autonomous vehicles |
| Key Market Opportunity | Adoption in new application areas such as power electronics and industrial robotics |
| Largest Growing Region | Asia Pacific |
| Highest CAGR Segment | Power Electronics Vertical |
The study categorizes the hardware in the loop market based on type, and vertical at the regional and global levels.
Hardware in the loop market, by type
- Open loop
- Closed loop
Market, by vertical
- Automobile
- Aerospace
- Defense
- Power electronics
- Research & education
- Others
Market, By Region
- North America
- Europe
- APAC
- RoW
Recent Developments
- In April 2022, IPG Automotive announced SensInject to expand the hardware range with a new product to inject data from the camera, radar, and lidar sources for advanced automobile test systems.
- In March 2022, dSPACE and Avionics Interface Technologies jointly offer rapid control prototyping (RCP) and hardware in the loop (HIL) solutions for aerospace applications. By combining these products and their capabilities in dSPACE’s SCALEXIO Interface Solutions, both companies will support a broad range of avionics system development and test activities, including embedded system prototyping, avionics system integration, and avionics system verification.
- In March 2022, Vector Informatik acquired Gimpel Software. This acquisition extends that testing portfolio of embedded system testing by adding PC-lint Plus, a solution for comprehensive static code checking analysis of C and C++ coding language.
- In February 2022, Typhoon HIL released the latest version of hardware in the loop control center with the addition of a new communication protocol support for both distribution automation and e-mobility applications and new pre-built components for designing.
- In February 2022, OPAL-RT Technologies announced a collaborative agreement with Coordinador Electrico Nacional (CEN) of Chile to start using OPAL-RT's real-time simulation expertise and experience in the modeling of a digital twin of their electrical network. CEN is a technical, autonomous, and independent organization responsible for the Chilean power grid's secure, reliable, and economic operation.
- In December 2021, Speedgoat launched IO324, a configurable I/O module and versatile Simulink-programmable FPGA combining accurate analog and digital input and output channels with a large selection of standard interfaces.
Frequently Asked Questions (FAQs):
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 817 million in 2022 to USD 1,291 million by 2027, at a CAGR of 9.6%.
What are the major driving factors and opportunities in the hardware in the loop market?
Some of the major driving factors for the growth of this market include technological advancements in electric and autonomous vehicles, faster product development with early stages of testing using hardware in the loop, and growing demand in developing countries. Adoption in new application areas such as power electronics and industrial robotics are the key growth opportunities for the players operating in the market.
Who are the leading players in the global hardware in the loop market?
Companies such as dSPACE GmbH (Germany), NATIONAL INSTRUMENTS CORP. (US), Vector Informatic 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.
What are some of the technological advancements in the market?
Digital Twin is a technology where a plant or a system is virtually represented using real-time data for faster analysis using machine learning algorithms. Digital Twin technology has seen increased implementations on hardware in the loop for providing accurate simulation models of the system or plant. It acquires real-time data from the actual system and graphically or mathematically is represented as a model on the computer. Using hardware in the loop, Digital Twin can be simulated for various conditions to predict the system response and detect any abnormalities or flaws in the system while testing to improve the reliability and fault tolerance of the system. Digital Twin is increasingly used in aerospace vehicles and electric grid simulations.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 26)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 HARDWARE IN THE LOOP MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 30)
2.1 INTRODUCTION
FIGURE 2 MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 List of key primary interview participants
2.1.3.2 Breakdown of primary Interviews
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—IDENTIFICATION OF REVENUE GENERATED BY COMPANIES FROM HARDWARE IN THE LOOP OFFERINGS
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size using bottom-up analysis
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for arriving at market size using top-down analysis
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION: MARKET
2.4 RESEARCH ASSUMPTIONS
TABLE 1 RESEARCH ASSUMPTIONS: MARKET
2.5 LIMITATIONS
2.6 RISK ASSESSMENT
TABLE 2 LIMITATIONS AND ASSOCIATED RISKS
3 EXECUTIVE SUMMARY (Page No. - 42)
3.1 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
FIGURE 8 OPEN LOOP SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 9 AUTOMOBILE TO BE LARGEST VERTICAL SEGMENT OF MARKET DURING FORECAST PERIOD
FIGURE 10 ASIA PACIFIC MARKET TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
4 PREMIUM INSIGHTS (Page No. - 46)
4.1 ATTRACTIVE OPPORTUNITIES IN MARKET
FIGURE 11 GROWING DEMAND FOR HARDWARE IN THE LOOP TECHNIQUES ACROSS ELECTRIC VEHICLE TESTING AND AUTONOMOUS DRIVING
4.2 MARKET IN NORTH AMERICA, BY COUNTRY AND BY VERTICAL
FIGURE 12 US AND AUTOMOBILE VERTICAL TO BE LARGEST SHAREHOLDERS OF NORTH AMERICAN MARKET IN 2022
4.3 MARKET IN ASIA PACIFIC, BY VERTICAL
FIGURE 13 POWER ELECTRONICS VERTICAL TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
4.4 MARKET, BY COUNTRY
FIGURE 14 MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
5 MARKET OVERVIEW (Page No. - 49)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Technological advancements in electric and autonomous vehicles
5.2.1.2 Faster product development with early stages of testing using hardware in the loop
5.2.1.3 Growing demand in developing countries
FIGURE 16 MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High cost of ownership and technical complexity in implementation
FIGURE 17 MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Adoption in new application areas such as power electronics and industrial robotics
FIGURE 18 MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Complexity in creating real-time simulation
5.2.4.2 Reluctance to invest
FIGURE 19 MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 20 MARKET: VALUE CHAIN ANALYSIS
5.4 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 IMPACT OF PORTER’S FIVE FORCES ON MARKET, 2022–2027
5.5 KEY STAKEHOLDERS AND BUYING CRITERIA
5.5.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 21 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE VERTICALS
TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE VERTICALS (%)
5.5.2 BUYING CRITERIA
FIGURE 22 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
TABLE 5 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
5.6 ECOSYSTEM ANALYSIS
FIGURE 23 MARKET: ECOSYSTEM
TABLE 6 HARDWARE IN TH LOOP MARKET: SUPPLY CHAIN
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS
FIGURE 24 REVENUE SHIFT FOR MARKET
5.8 CASE STUDIES
5.8.1 MODULAR HARDWARE IN THE LOOP TEST SYSTEM FOR AUTOMOBILE ECU TESTING
5.8.2 ELECTRIC PARKING BRAKE HARDWARE IN THE LOOP AND DURABILITY TEST
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 DIGITAL TWIN
5.9.2 VIRTUAL ENVIRONMENT SIMULATION FOR AUTONOMOUS VEHICLES
5.10 PRICING ANALYSIS
TABLE 7 AVERAGE SELLING PRICE OF HARDWARE IN THE LOOP
5.11 TRADE ANALYSIS
TABLE 8 IMPORT DATA, BY COUNTRY, 2017–2021, (USD MILLION)
FIGURE 25 IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
TABLE 9 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
FIGURE 26 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
5.12 PATENT ANALYSIS
TABLE 10 IMPORTANT PATENTS IN MARKET, 2019–2021
5.13 TARIFF ANALYSIS
TABLE 11 MFN TARIFFS FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY US
TABLE 12 MFN TARIFFS FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY CHINA
TABLE 13 MFN TARIFF FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY GERMANY
5.14 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 14 MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.15 REGULATORY LANDSCAPE
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
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
6 HARDWARE IN THE LOOP MARKET, BY TYPE (Page No. - 77)
6.1 INTRODUCTION
FIGURE 27 MARKET, BY TYPE
FIGURE 28 MARKET, BY TYPE, 2022–2027
TABLE 18 MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 19 MARKET, BY TYPE, 2022–2027 (USD MILLION)
6.2 OPEN LOOP
6.2.1 USED FOR TESTING SIMPLE OPEN-LOOP CONTROLLERS
TABLE 20 OPEN LOOP: MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 21 OPEN LOOP: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
6.3 CLOSED LOOP
6.3.1 USED TO TEST AND VALIDATE COMPLEX CONTROLLERS AND CONTROL SYSTEMS IN DYNAMIC TEST PLATFORM
TABLE 22 CLOSED LOOP: MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 23 CLOSED LOOP: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
7 HARDWARE IN THE LOOP MARKET, BY VERTICAL (Page No. - 82)
7.1 INTRODUCTION
FIGURE 29 MARKET, BY VERTICAL
FIGURE 30 MARKET, BY VERTICAL, 2022–2027
TABLE 24 MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 25 MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
7.2 AUTOMOBILE
7.2.1 ELIMINATE ERRORS IN EARLY STAGE OF VEHICLE DEVELOPMENT
TABLE 26 AUTOMOBILE VERTICAL: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 27 AUTOMOBILE VERTICAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 28 AUTOMOBILE VERTICAL: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 29 AUTOMOBILE VERTICAL: MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 30 AUTOMOBILE VERTICAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 31 AUTOMOBILE VERTICAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 32 AUTOMOBILE VERTICAL: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 33 AUTOMOBILE VERTICAL: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 34 AUTOMOBILE VERTICAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 35 AUTOMOBILE VERTICAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 36 AUTOMOBILE VERTICAL: MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 37 AUTOMOBILE VERTICAL: MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
7.3 AEROSPACE
7.3.1 HARDWARE IN THE LOOP SIMULATION ENABLES TESTING OF ECU FOR CRITICAL SYSTEMS
TABLE 38 AEROSPACE VERTICAL: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 39 AEROSPACE VERTICAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 40 AEROSPACE VERTICAL: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 41 AEROSPACE VERTICAL: MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 42 AEROSPACE VERTICAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 43 AEROSPACE VERTICAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 44 AEROSPACE VERTICAL: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 45 AEROSPACE VERTICAL: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 46 AEROSPACE VERTICAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 47 AEROSPACE VERTICAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 48 AEROSPACE VERTICAL: MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 49 AEROSPACE VERTICAL: MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
7.4 DEFENSE
7.4.1 COST-EFFECTIVE AND RELIABLE TESTING OF DEFENSE TECHNOLOGIES
TABLE 50 DEFENSE VERTICAL: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 51 DEFENSE VERTICAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 52 DEFENSE VERTICAL: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 53 DEFENSE VERTICAL: MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 54 DEFENSE VERTICAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 55 DEFENSE VERTICAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 56 DEFENSE VERTICAL: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 57 DEFENSE VERTICAL: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 58 DEFENSE VERTICAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 59 DEFENSE VERTICAL: MARKET, IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 60 DEFENSE VERTICAL: MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 61 DEFENSE VERTICAL: MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
7.5 POWER ELECTRONICS
7.5.1 TESTING OF POWER ELECTRONIC DEVICES CRUCIAL FOR CONTINUOUS TESTING AND SIMULATION OF VARIOUS SCENARIOS IN ELECTRIC GRIDS
TABLE 62 POWER ELECTRONICS VERTICAL: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 63 POWER ELECTRONICS VERTICAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 64 POWER ELECTRONICS VERTICAL: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 65 POWER ELECTRONICS VERTICAL: MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 66 POWER ELECTRONICS VERTICAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 67 POWER ELECTRONICS VERTICAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 68 POWER ELECTRONICS VERTICAL: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 69 POWER ELECTRONICS VERTICAL: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 70 POWER ELECTRONICS VERTICAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 71 POWER ELECTRONICS VERTICAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 72 POWER ELECTRONICS VERTICAL: MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 73 POWER ELECTRONICS VERTICAL: MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
7.6 RESEARCH & EDUCATION
7.6.1 HARDWARE IN THE LOOP SIMULATION PROVIDES RELIABLE VIRTUAL TESTING OF ECU FOR RESEARCH AND ACADEMIC STUDIES
TABLE 74 RESEARCH & EDUCATION VERTICAL: HARDWARE IN THE LOOP MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 75 RESEARCH & EDUCATION VERTICAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 76 RESEARCH & EDUCATION VERTICAL: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 77 RESEARCH & EDUCATION VERTICAL: MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 78 RESEARCH & EDUCATION VERTICAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 79 RESEARCH & EDUCATION VERTICAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 80 RESEARCH & EDUCATION VERTICAL: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 81 RESEARCH & EDUCATION VERTICAL: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 82 RESEARCH & EDUCATION VERTICAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 83 RESEARCH & EDUCATION VERTICAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 84 RESEARCH & EDUCATION VERTICAL: MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 85 RESEARCH & EDUCATION VERTICAL: MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
7.7 OTHERS
TABLE 86 OTHER VERTICALS: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 87 OTHER VERTICALS: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 88 OTHER VERTICALS: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 89 OTHER VERTICALS: MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 90 OTHER VERTICALS: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 91 OTHER VERTICALS: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 92 OTHER VERTICALS: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 93 OTHER VERTICALS: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 94 OTHER VERTICALS: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 95 OTHER VERTICALS: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 96 OTHER VERTICALS: MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 97 OTHER VERTICALS: MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
8 HARDWARE IN THE LOOP MARKET, BY REGION (Page No. - 108)
8.1 INTRODUCTION
FIGURE 31 MARKET, BY REGION, 2022–2027
TABLE 98 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 99 MARKET, BY REGION, 2022–2027 (USD MILLION)
8.2 NORTH AMERICA
FIGURE 32 NORTH AMERICA: MARKET SNAPSHOT
TABLE 100 NORTH AMERICA: MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 101 NORTH AMERICA: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 102 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 103 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
8.2.1 US
8.2.1.1 Leads the market in North America
8.2.2 CANADA
8.2.2.1 Electric vehicles to boost demand for hardware in the loop testing of equipment and various control systems
8.2.3 MEXICO
8.2.3.1 Growing investments from automobile manufacturers to propel demand for hardware in the loop systems
8.3 EUROPE
FIGURE 33 EUROPE: HARDWARE IN THE LOOP MARKET SNAPSHOT
TABLE 104 EUROPE: MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 105 EUROPE: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 106 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 107 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
8.3.1 UK
8.3.1.1 Development of power infrastructure with the addition of renewable energy sources to further boost demand for testing power electronics
8.3.2 GERMANY
8.3.2.1 Leads technological development in electronics, automobiles, industrial automation, and power generation and transmission
8.3.3 FRANCE
8.3.3.1 Increasing trend of robotics to enhance the market for testing and simulation
8.3.4 REST OF EUROPE
8.4 ASIA PACIFIC
FIGURE 34 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 108 ASIA PACIFIC: MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 109 ASIA PACIFIC: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 110 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 111 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
8.4.1 CHINA
8.4.1.1 To witness highest growth globally
8.4.2 INDIA
8.4.2.1 Development of electric vehicles to create potential for new plants for testing and simulation
8.4.3 JAPAN
8.4.3.1 Growth of power electronics sector for testing inverters and DC-DC converters
8.4.4 REST OF ASIA PACIFIC
8.5 ROW
TABLE 112 ROW: MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 113 ROW: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 114 ROW: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 115 ROW: MARKET, BY REGION, 2022–2027 (USD MILLION)
8.5.1 SOUTH AMERICA
8.5.1.1 Automobile manufacturers to boost development of electric vehicles
8.5.2 MIDDLE EAST & AFRICA
8.5.2.1 Growing investment opportunities from automobile manufacturers
9 COMPETITIVE LANDSCAPE (Page No. - 125)
9.1 OVERVIEW
9.2 MARKET EVALUATION FRAMEWORK
TABLE 116 OVERVIEW OF STRATEGIES DEPLOYED BY KEY HARDWARE IN THE LOOP PLAYERS
9.2.1 PRODUCT PORTFOLIO
9.2.2 REGIONAL FOCUS
9.2.3 MANUFACTURING FOOTPRINT
9.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
9.3 MARKET SHARE ANALYSIS: MARKET, 2021
TABLE 117 DEGREE OF COMPETITION
9.4 COMPANY EVALUATION MATRIX
9.4.1 STARS
9.4.2 EMERGING LEADERS
9.4.3 PERVASIVE COMPANIES
9.4.4 PARTICIPANTS
FIGURE 35 COMPANY EVALUATION MATRIX, 2021
9.5 START-UP/SME EVALUATION MATRIX
9.5.1 PROGRESSIVE COMPANIES
9.5.2 RESPONSIVE COMPANIES
9.5.3 DYNAMIC COMPANIES
9.5.4 STARTING BLOCKS
FIGURE 36 START-UP/SME EVALUATION MATRIX, 2021
9.6 MARKET: COMPANY FOOTPRINT
TABLE 118 COMPANY FOOTPRINT (25 COMPANIES)
TABLE 119 FOOTPRINT OF DIFFERENT TYPES OF HARDWARE IN THE LOOP OFFERED BY DIFFERENT COMPANIES
TABLE 120 FOOTPRINT OF DIFFERENT COMPANIES ACROSS DIFFERENT VERTICALS
TABLE 121 REGIONAL FOOTPRINT OF DIFFERENT COMPANIES
9.7 COMPETITIVE BENCHMARKING
TABLE 122 MARKET: DETAILED LIST OF KEY START-UPS/SMES
TABLE 123 MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
9.8 COMPETITIVE SITUATIONS AND TRENDS
9.8.1 PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 124 PRODUCT LAUNCHES, NOVEMBER 2019–APRIL 2022
9.8.2 DEALS
TABLE 125 DEALS, NOVEMBER 2019–MARCH 2022
10 COMPANY PROFILES (Page No. - 145)
(Business overview, Products offered, Recent Developments, MNM view)*
10.1 KEY PLAYERS
10.1.1 DSPACE
TABLE 126 DSPACE: COMPANY OVERVIEW
TABLE 127 DSPACE: PRODUCT OFFERINGS
10.1.2 NATIONAL INSTRUMENTS
TABLE 128 NATIONAL INSTRUMENTS: COMPANY OVERVIEW
FIGURE 37 NATIONAL INSTRUMENTS: COMPANY SNAPSHOT
TABLE 129 NATIONAL INSTRUMENTS: PRODUCT OFFERINGS
10.1.3 VECTOR INFORMATIK
TABLE 130 VECTOR INFORMATIK: COMPANY OVERVIEW
TABLE 131 VECTOR INFORMATIK: PRODUCT OFFERINGS
10.1.4 ELEKTROBIT AUTOMOTIVE
TABLE 132 ELEKTROBIT AUTOMOTIVE: COMPANY OVERVIEW
TABLE 133 ELEKTROBIT AUTOMOTIVE: PRODUCT OFFERINGS
10.1.5 OPAL-RT TECHNOLOGIES
TABLE 134 OPAL-RT TECHNOLOGIES: COMPANY OVERVIEW
TABLE 135 OPAL RT TECHNOLOGIES: PRODUCT OFFERINGS
10.1.6 SPEEDGOAT
TABLE 136 SPEEDGOAT: BUSINESS OVERVIEW
TABLE 137 SPEEDGOAT: PRODUCT OFFERINGS
10.1.7 BOSCH
TABLE 138 BOSCH: BUSINESS OVERVIEW
FIGURE 38 BOSCH: COMPANY SNAPSHOT
TABLE 139 BOSCH: PRODUCT OFFERINGS
10.1.8 IPG AUTOMOTIVE
TABLE 140 IPG AUTOMOTIVE: COMPANY OVERVIEW
TABLE 141 IPG AUTOMOTIVE: PRODUCT OFFERINGS
10.1.9 ACUTRONIC
TABLE 142 ACUTRONIC: COMPANY OVERVIEW
TABLE 143 ACUTRONIC: PRODUCT OFFERINGS
10.1.10 PLEXIM
TABLE 144 PLEXIM: COMPANY OVERVIEW
TABLE 145 PLEXIM: PRODUCT OFFERINGS
10.1.11 KONRAD TECHNOLOGIES
TABLE 146 KONRAD TECHNOLOGIES: COMPANY OVERVIEW
TABLE 147 KONRAD TECHNOLOGIES: PRODUCT OFFERINGS
10.1.12 MICRONOVA
TABLE 148 MICRONOVA: COMPANY OVERVIEW
TABLE 149 MICRONOVA: PRODUCT OFFERINGS
10.1.13 LHP ENGINEERING SOLUTION
TABLE 150 LHP ENGINEERING SOLUTION: COMPANY OVERVIEW
TABLE 151 LHP ENGINEERING SOLUTION: PRODUCT OFFERINGS
10.1.14 GENUEN
TABLE 152 GENUEN: COMPANY OVERVIEW
TABLE 153 GENUEN: PRODUCT OFFERINGS
10.1.15 TYPHOON HIL
TABLE 154 TYPHOON HIL: BUSINESS OVERVIEW
TABLE 155 TYPHOON HIL: PRODUCT OFFERINGS
10.2 OTHER PLAYERS
10.2.1 MODELINGTECH
TABLE 156 MODELINGTECH: COMPANY OVERVIEW
10.2.2 BLOOMY CONTROLS
TABLE 157 BLOOMY CONTROLS: COMPANY OVERVIEW
10.2.3 CONTROLLAB
TABLE 158 CONTROLLAB: COMPANY OVERVIEW
10.2.4 PICKERING INTERFACES
TABLE 159 PICKERING INTERFACES: COMPANY OVERVIEW
10.2.5 APPLUS+
TABLE 160 APPLUS+: COMPANY OVERVIEW
10.2.6 ADD2 LIMITED
TABLE 161 ADD2 LIMITED: COMPANY OVERVIEW
10.2.7 BLUEHALO
TABLE 162 BLUEHALO: COMPANY OVERVIEW
10.2.8 SIEMENS
TABLE 163 SIEMENS: COMPANY OVERVIEW
10.2.9 SPIRENT COMMUNICATIONS
TABLE 164 SPIRENT COMMUNICATIONS: COMPANY OVERVIEW
10.2.10 UAV NAVIGATION
TABLE 165 UAV NAVIGATION: COMPANY OVERVIEW
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
11 APPENDIX (Page No. - 187)
11.1 DISCUSSION GUIDE
11.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
11.3 CUSTOMIZATION OPTIONS
11.4 RELATED REPORTS
11.5 AUTHOR DETAILS
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 as well as to 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. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated through primary research.
List of Major Secondary Sources
|
SOURCE |
WEB LINK |
|
European Automobile Manufacturers' Association |
https://www.acea.auto/ |
|
European Space Agency |
https://www.esa.int/ |
|
US Department of Transportation |
https://www.transportation.gov/automobiles |
|
United States Department of Energy |
https://www.energy.gov/ |
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 demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both 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. The key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire procedure involved the study of annual and financial reports of top players and extensive interviews with industry leaders such as chief executive officers (CEOs), vice presidents (VPs), directors, and marketing executives. All percentage shares and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Bottom-Up Approach
The bottom-up approach was used to arrive at the overall size of the hardware in the loop market from the revenues of key players and their shares in the market. The overall market size was calculated based on the revenues of key players identified in the market.
- Identifying various verticals contributing to the growth of the market
- Analyzing major hardware in the loop providers and studying their portfolios and solution offerings
- Analyzing trends pertaining to hardware in the loops, including type and verticals,
- to help understand the demand generated by companies dependent on the hardware in the loop industry
- Tracking the ongoing and upcoming hardware in the loop developments by various companies or end users, and forecasting the market based on these developments and other critical parameters
- Conducting multiple discussions with key opinion leaders to understand the types of contracts signed and products and systems offered by market players, to help analyze the break-up of the scope of work carried out by each major hardware in the loop company
- Conducting multiple discussions with key opinion leaders to understand the current technologies in the market and analyzing the break-up of the scope of work carried out by each major hardware in the loop company
- Arriving at the market estimates by analyzing revenues of these companies generated from various countries through the subscriptions offered for hardware in the loop products and then combining the same to get the market estimates based on region
- Verifying and crosschecking the estimates at every level by the discussion with key opinion leaders, including directors, operation managers, and then finally with the domain experts in MarketsandMarkets
- Referring to various paid and unpaid sources of information such as annual reports, press releases, white papers, blogs, news, and databases to validate the market estimations
Top-Down Approach
In the top-down approach, the overall size of the hardware in the loop market that was derived through percentage splits obtained from secondary and primary research was used to estimate the size of the individual markets (mentioned in the market segmentation).
For the calculation of the size of specific market segments, the overall size of the market was considered to implement the top-down approach. The bottom-up approach was also implemented for the data extracted from secondary research to validate the obtained market size of different segments.
The market share of each company was estimated to verify the revenue share used earlier in the bottom-up approach. With the data triangulation procedure and validation of data through primaries, the sizes of the overall parent market and each market were determined and confirmed in this study. The data triangulation procedure used for this study is explained in the next section.
- Focusing initially on top-line investments and expenditures made in the hardware in the loop ecosystem
- Splitting the market considering the types of hardware in the loops used in different verticals and increased use of hardware in the loops them, along with the key developments in the major market area
- Collecting information related to revenue generated by players through the segments offering hardware in the loop
- Conducting multiple on-field discussions with key opinion leaders across each major company involved in the development of hardware in the loops
- Estimating the geographic split with the use of secondary sources based on numerous factors such as the number of players in a specific country or region and hardware in the loops used in various verticals
- Verifying and crosschecking the estimates at every level by discussions with key opinion leaders, including directors, operation managers, and then finally with the domain experts in MarketsandMarkets.
Data Triangulation
After arriving at the overall size of the hardware in the loop market from the market size estimation process explained above, the total market was split into several segments and subsegments. Data triangulation procedures were employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both, demand, and supply sides. In addition to this, the market size was validated using top-down and bottom-up approaches
Study 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 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 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 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
Growth opportunities and latent adjacency in Hardware in the Loop Market
Is this report includes the profile of Danlaw?
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.
Interested in HiL market for Automotive industry
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.