The global automotive test equipment market size is projected to grow at a CAGR of 4.1% during the forecast period to reach USD 3.7 billion by 2025 from an estimated USD 3.0 billion in 2020. The base year for the report is 2019, and the forecast period is from 2020 to 2025. The growth of the automotive test equipment market is influenced by factors such as the rise in stringent emission norms to prevent environmental impact, increasing electronic architecture in modern vehicles, and technological advancements in automotive test equipment. Additionally, increasing electric vehicle production and autonomous vehicle testing will drive the testing market for advanced technology such as ECU testing, data logger system, ADAS testing, and simulation testing.
The major automotive test equipment market players include Bosch (Germany), Siemens (Germany), ABB (Switzerland), Delphi (UK), Honeywell (US), Horiba (Japan), AVL (Austria), and Actia (France). These players have adopted various growth strategies, such as partnerships, agreements, collaborations, and new product launches, to expand further their presence in the global automotive test equipment market. New product launches have been the most dominating strategy adopted by major players from 2017 to 2020, which helped them to innovate their offerings and broaden their customer base. For instance, Bosch has improved the scope of its applications of diesel test benches, allowing even more flexible use and increased utilization. Authorized diesel experts equipped with Bosch EPS 708 and EPS 815 diesel test benches can now test and maintain common-rail pumps by the Continental brand VDO. Another major strategy followed by the leading players is expansions. For instance, Continental opened its third R&D center in Singapore, which leverages Singapore’s strong research capabilities to develop, test, and commercialize mobility solutions to serve the region’s increasing mobility needs.
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Bosch is the world leader in the automotive test equipment market. The company is continuously delivering new technologies in the automotive test equipment market. Siemens is the second-largest player in the automotive test equipment. It is followed by Honeywell, Delphi, and ABB. In November 2018, Bosch developed a diesel test bench, named, DCI 700. It allows accurate and reliable testing of all Bosch and third-party manufacturer common rail injectors for cars and commercial vehicles.
Another important player in the industry is Siemens, which is continuously expanding its automotive test equipment products. In June 2018, Siemens announced the latest release of Simcenter Testlab software, its suite of data collection, analytics, and modeling software for test-based performance engineering in the core fields of noise and vibration, acoustics, and durability. This software is likely to provide a testing platform for several automotive scanning tools.
Automotive Test Equipment Market By Product (Engine, Chassis, and Transmission Dynamometer, Vehicle Emission, Wheel Alignment, & Fuel Injection Pump Tester), End Market, Vehicle, Application, Advance Technology, and Region - Global Forecast to 2025"
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