Hardware in the loop Market by vertical (Automotive, Aerospace, Defense, Power Electronics, Research & Education & others) and by Geography (North America, Europe, Asia-Pacific, and RoW) - Global Forecast to 2020

The hardware in the loop market was valued at USD 480.8 Million in 2014 and is estimated to reach USD 826.7 million by 2020, expected to grow at a CAGR of 9.37% between 2015 and 2020. The base year used for this study is 2014 and the forecast period is 2015 to 2020. This report provides a detailed analysis of the hardware in the loop market based on verticals and regions. It has been estimated that the automotive sector would hold a large share of the hardware in the loop market. However, the market in the power electronics sector is expected to grow at a high CAGR of more than 10% between 2015 and 2020. The increasing complexity in designing of embedded systems as well as testing it, and shortened time to market are the major drivers for the hardware in the loop market. Besides this, the HIL testing technique helps in improving the output with less time & cost investment and without damaging equipment or endangering lives.

To estimate the size of the hardware in the loop market, we have considered top players in the market and their rankings in the said market. This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts. All the percentage splits and segment breakdown of the market is based on secondary and primary research. The breakdown of profiles of primary is depicted in the below figure:

To know about the assumptions considered for the study, download the pdf brochure

Study answers several questions for the target audiences, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments

The target audience:

• Technology providers
• HIL system designers and manufacturers
• Research organizations and consulting companies
• Associations, forums, and alliances related to hardware in the loop technology
• Investors
• Key players

Report Scope:

In this report, the hardware in the loop market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Market, by Vertical: automotive, aerospace, defense, power electronics, research & education, and others.
• Market, by Geography: North America (sub-segmented into the U.S., Canada, and Mexico), Europe (sub-segmented into the U.K., Germany, France, and others), Asia-Pacific (sub-segmented into China, Japan, India, and others), and the Rest of the World (sub-segmented into Latin America and the Middle East)
• Competitive Landscape: Market ranking analysis.
• Company Profiles: Detailed analysis of the major companies present in the hardware in the loop market.

Available customizations:

With the given market data, MarketsandMarkets offers customizations as per a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 11)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Year Considered for the Study
    1.4 Currency
    1.5 Stakeholders
    1.6 Limitations

2 Research Methodology (Page No. - 14)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Interviews
                               2.1.2.1.1 Key Data From Primary Sources
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
           2.3.1 Assumptions

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Opportunities in the Hardware in the Loop Market
    4.2 Hardware in the Loop Market, By Vertical
    4.3 Hardware in the Loop Market, By Vertical and Geography
    4.4 Hardware in the Loop Market, By Geography

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Complexity of Embedded Control Systems
                    5.2.1.2 Decreasing Time to Market
                    5.2.1.3 Nondestructive Testing
           5.2.2 Restraints
                    5.2.2.1 Economic Slowdown
           5.2.3 Opportunities
                    5.2.3.1 Adoption in New Application Areas Such as Power and Industrial Robotics
           5.2.4 Challenges
                    5.2.4.1 Complexity in Creating Real-Time Simulation
                    5.2.4.2 Reluctance to Invest

6 Industry Trends (Page No. - 38)
    6.1 Value Chain Analysis
    6.2 Porter’s Five Forces Model
           6.2.1 Threat of New Entrants
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Suppliers
           6.2.4 Bargaining Power of Buyers
           6.2.5 Intensity of Rivalry

7 Hardware in the Loop Market, By Vertical (Page No. - 46)
    7.1 Introduction
    7.2 Automotive
    7.3 Aerospace
    7.4 Defense
    7.5 Power Electronics
    7.6 Research & Education
    7.7 Others

8 Hardware in the Loop Market, By Geography (Page No. - 60)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 U.K.
           8.3.2 Germany
           8.3.3 France
    8.4 Asia-Pacific
           8.4.1 Japan
           8.4.2 China
           8.4.3 India
    8.5 Rest of the World

9 Competitive Landscape (Page No. - 80)
    9.1 Overview
    9.2 Market Ranking Analysis: Hardware in the Loop Market
    9.3 Competitive Situation
           9.3.1 New Product Launches
           9.3.2 Partnership & Agreement
           9.3.3 Expansion, Collaboration, and Joint Venture

10 Company Profile (Page No. - 87)
     10.1 Introduction
(Overview, Products and Services, Financials, Strategy & Development)*
     10.2 Dspace GmbH
     10.3 National Instruments Corp.
     10.4 Typhoon Hil, Inc.
     10.5 Aegis Technologies Group, Inc.
     10.6 Speedgoat GmbH
     10.7 Opal-RT Technologies, Inc.
     10.8 Robert Bosch Engineering and Business Solutions Pvt. Ltd.
     10.9 Siemens Plm Software, Inc.
     10.10 Ipg Automotive GmbH

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

11 Appendix (Page No. - 105)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Introducing RT: Real Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports

List of Tables (42 Tables)

Table 1 Driver Analysis
Table 2 Restraint Analysis
Table 3 Opportunity Analysis
Table 4 Challenge Analysis
Table 5 List of Companies Considered in the Study of Hardware in the Loop Market
Table 6 Hardware in the Loop Market Size, By Vertical, 2013–2020 (USD Million)
Table 7 Hardware in the Loop Market for the Automotive, By Geography, 2013–2020 (USD Million)
Table 8 North America: Hardware in the Loop Market for the Automotive, By Country, 2013-2020 (USD Million)
Table 9 Europe: Hardware in the Loop Market for the Automotive, By Country, 2013-2020 (USD Million)
Table 10 APAC: Hardware in the Loop Market for the Automotive, By Country, 2013-2020 (USD Million)
Table 11 RoW: Hardware in the Loop Market for the Automotive, By Country, 2013-2020 (USD Million)
Table 12 Hardware in the Loop Market for the Aerospace, By Geography, 2013–2020 (USD Million)
Table 13 North America: Hardware in the Loop Market for the Aerospace, By Country, 2013-2020 (USD Million)
Table 14 Europe: Hardware in the Loop Market for the Aerospace, By Country, 2013-2020 (USD Million)
Table 15 APAC: Hardware in the Loop Market for the Aerospace, By Country, 2013-2020 (USD Million)
Table 16 RoW: Hardware in the Loop Market for the Aerospace, By Country, 2013-2020 (USD Million)
Table 17 Hardware in the Loop Market for the Defense, By Geography, 2013–2020 (USD Million)
Table 18 Hardware in the Loop Market for the Power Electronics, By Geography, 2013–2020 (USD Million)
Table 19 Hardware in the Loop Market for the Research & Education Sector, By Geography, 2013–2020 (USD Million)
Table 20 Hardware in the Loop Market for the Other Sector, By Geography, 2013–2020 (USD Million)
Table 21 Hardware in the Loop Market Size, By Geography, 2014–2020 (USD Million)
Table 22 North America: Hardware in the Loop Market Size, By Country, 2013–2020 (USD Million)
Table 23 North America: Hardware in the Loop Market Size, By Application, 2013–2020 (USD Million)
Table 24 U.S.: Hardware in the Loop Market Size, By Application, 2013–2020 (USD Million)
Table 25 Canada: Hardware in the Loop Market Size, By Application, 2013–2020 (USD Million)
Table 26 Mexico: Hardware in the Loop Market Size, By Application, 2013–2020 (USD Million)
Table 27 Europe: Hardware in the Loop Market Size, By Country, 2013-2020 (USD Million)
Table 28 Europe: Hardware in the Loop Market Size, By Application, 2013–2020 (USD Million)
Table 29 U.K.: Hardware in the Loop Market Size, By Application, 2013-2020 (USD Million)
Table 30 Germany: Hardware in the Loop Market Size, By Application, 2013-2020 (USD Million)
Table 31 France: Hardware in the Loop Market Size, By Application, 2013-2020 (USD Million)
Table 32 APAC: Hardware in the Loop Market Size, By Country, 2013-2020 (USD Million)
Table 33 APAC: Hardware in the Loop Market Size, By Application, 2013–2020 (USD Million)
Table 34 Japan: Hardware in the Loop Market Size, By Application, 2013-2020 (USD Million)
Table 35 China: Hardware in the Loop Market Size, By Application, 2013-2020 (USD Million)
Table 36 India: Hardware in the Loop Market Size, By Application, 2013-2020 (USD Million)
Table 37 RoW: Hardware in the Loop Market Size, By Region, 2013-2020 (USD Million)
Table 38 RoW: Hardware in the Loop Market Size, By Application, 2013-2020 (USD Million)
Table 39 Hardware in the Loop Market: Market Ranking Analysis
Table 40 New Product Launches, 2012-2015
Table 41 Partnership & Agreement, 2012-2015
Table 42 Expansion, Collaboration, and Joint Venture, 2012-2015

List of Figures (42 Figures)

Figure 1 Market Scope
Figure 2 Years Considered in the Report
Figure 3 Hardware in the Loop Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Breakdown and Data Triangulation
Figure 7 Hardware in the Loop Market Segmentation
Figure 8 Hardware in the Loop: Market Size Analysis, (2013-2020) USD Million
Figure 9 Hardware in the Loop Market Snapshot (2015–2020): Application in Automotive Sector Expected to Dominate the Market During the Forecast Period
Figure 10 North America Accounted for the Largest Share in the Hardware in the Loop Market in 2014
Figure 11 The Hardware in the Loop Market Expected to Grow at A Moderate CAGR During the Forecast Period
Figure 12 Application in Power Electronics Expected to Witness Highest Growth Rate During the Forecast Period
Figure 13 Application in Automotive Sector Estimated to Hold the Largest Share of the Global Hardware in the Loop in 2015
Figure 14 Growth in APAC Expected to Be Driven By Emerging Economies Such as China and India
Figure 15 Comparison Between Different ”In the Loop” Testing Models
Figure 16 Drivers, Restraints, Opportunities, and Challenges for the Hardware in the Loop Market
Figure 17 Value Chain Analysis: Major Value Addition is Done During the Software Development & Assembly Phase
Figure 18 Porter’s Five Forces Analysis
Figure 19 Porters Analysis: Hardware in the Loop Market
Figure 20 Threat of New Entrants
Figure 21 Threat of Substitutes
Figure 22 Bargaining Power of Suppliers
Figure 23 Bargaining Power of Buyers
Figure 24 Intensity of Rivalry
Figure 25 Hardware in the Loop Market: Segmentation
Figure 26 Application in the Automotive Expected to Lead the Hardware in the Loop Market, 2015
Figure 27 APAC Expected to Witness the Highest Growth in the Automotive During the Forecast Period
Figure 28 North America Expected to Lead the Market for the Aerospace in 2015
Figure 29 APAC Expected to Witness Highest Growth During the Forecast Period
Figure 30 North America and Europe Expected to Be Large Markets for Application in the Research & Education Sector
Figure 31 Geographic Snapshot (2014): Rapidly Growing Markets Such as China and India are Emerging as New Hotspots
Figure 32 APAC is the Fastest Growing Region in the Hardware in the Loop Market
Figure 33 Hardware in the Loop Market Snapshot for North America: Demand Expected to Be Driven By the Automotive Sector
Figure 34 Hardware in the Loop Market Snapshot for Europe: Demand Expected to Be Driven By the Automotive Sector
Figure 35 Hardware in the Loop Market Snapshot for APAC: Demand Expected to Be Driven By the Automotive Sector
Figure 36 Companies Adopted New Product Launches as the Key Growth Strategy (2012 –2015)
Figure 37 Market Evolution Framework-Significant New Product Development has Fueled Growth and Innovation From 2012 to 2015
Figure 38 Battle for Market Share: New Product Launches Dominated the Overall Developments Happened in the Hil From 2012 to 2015
Figure 39 Vector Informatik GmbH: SWOT Analysis
Figure 40 Dspace GmbH: SWOT Analysis
Figure 41 National Instruments Corp.: Company Snapshot
Figure 42 National Instruments Corp.: SWOT Analysis

The hardware in the loop market was valued at USD 480.8 million in 2014 and is expected to grow at a CAGR of 9.37% between 2015 and 2020. The growth of this market is propelled by the ability of the HIL technology to help provide high quality output with reduced time and cost. This makes it ideal for use in a wide range of applications areas such as automotive and aerospace, where time to market is an important factor for success.

Automotive followed by aerospace are leading application sectors of the hardware in the loop market. The leading position of the automotive sector can be attributed to the fact that the HIL technology is used widely by automotive companies for developing enhanced ECUs, reducing time to market, and complying with various industry standards. The hardware in the loop technique is non-destructive and time- & cost-effective; these features help drive the growth of the hardware in the loop market in the aerospace sector. Embraer S.A. (Brazil), Honda Aircraft Company (U.S.), and Airbus Group SE (France) are some of the companies in the aerospace sector which are using HIL technique.

The market for power electronics is expected to grow at a high CAGR during the forecast period. Companies in this sector are using the HIL technique in developing and testing of electronic grids, wind turbine generators, photovoltaic inverter, nuclear power plant control systems, and many more.

North America accounted for the largest share of the hardware in the loop market in 2014; the market in the region is expected to grow at a high CAGR between 2015 and 2020. The leading position of North America can be attributed to the demand from automotive and aerospace sectors in this region for the hardware in the loop technique. This is a result of the U.S. being amongst the leading automotive and aerospace manufacturers in the world.

One of the key restraining factors in the hardware in the loop market is the reluctance of manufacturers to invest in the HIL technique due to economic slowdown as manufacturers tend to cut down their expenses. There is a reluctance to do the investment as a substantial amount of investments are required in the initial stage of the HIL system procurement. The impact of this restraining factor will decrease with the time as the economy in slowdown-struck countries starts to recover.

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