EV Test Equipment Companies

AVL (Austria), TUV Rheinland (Germany) and HORIBA (Japan) are leading players in EV Test Equipment Market

The global EV test equipment market size is projected to reach USD 242 million by 2027, from an estimated USD 79 million in 2022, at a CAGR of 25.2%. The base year for the report is 2021, and the forecast period is from 2022 to 2027. The introduction of autonomous and semi-autonomous vehicles, increasing adoption of the connected vehicle technology, growing EV sales, and monetization of real-time data are expected to boost the growth of the EV test equipment market.

There have been a rising number of innovations in the EV test equipment market. This can be attributed to the increasing demand for emission-free and efficient electric vehicles, driver safety, charging stations, and vehicle diagnosis feature that increases the durability of EVs. There is a growing demand for EV test equipment due to the increasing focus on the development of innovative battery technologies, high demand for vehicle electronic functions, and stringent emission standards. OEMs are working alongside test equipment/platform suppliers and integrators to develop cost-effective, high-quality, quick operation, and accurate EV test systems. A similar trend is expected to continue in the future. The demand for various EV test equipment is projected to increase with the launch of newer vehicle models equipped with complex architecture and electronic systems. This increased demand will lead to increased R&D activities, resulting in the development of newer and advanced test systems, particularly in the US, Japan, and European countries.

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The EV test equipment market is dominated by players such as AVL (Austria), Durr Group (Germany), TUV Rheinland (Germany), Chroma ATE (Taiwan), KUKA AG (Germany), HORIBA (Japan), and Softing AG (Germany). These companies developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth EV test equipment market.

AVL is one of the leading players in the EV test equipment market. AVL offers different test equipment/solutions, such as battery testing systems, e-drive test systems, power electronics test systems, and fuel cell test systems. Its instrumentation and test system segment includes processes from supporting and managing to measuring and controlling the challenges faced by vehicles or vehicle components while functioning. AVL has a diverse portfolio of services in integrating EV test equipment and simulating solutions, which cater to the requirements of different automotive OEMs across the globe. Additionally, in May 2020, AVL announced that it is supporting ISP, an independent test institute in setting new battery test center in Salzbergen, Germany. Both companies will be expanding the testing capacities in the facility. Also, in January 2021, AVL collaborated with Rohde & Schwarz (Germany) to integrate Rohde & Schwarz’s radar test system in AVL’s DRIVINGCUBE. This will create new possibilities for testing radar-based ADAS functions and validating autonomous driving functions on the Vehicle-in-the-Loop testbed

Horiba LTD. is another renowned player in this market. The company has manufacturing bases in Europe, the Americas, and Asia. For the EV test equipment market, the company offers products such as e-drive testing, dynamometers, and powertrain testing systems. HORIBA provides various electric and hybrid vehicle test stands including component level (e-motor, engine, and powertrain) and complete vehicle testing (TITAN Powertrain test stands and VULCAN chassis dynamometer). In april 2022, The company completed the construction of a new facility in Magdeburg-Barleben, Saxony-Anhalt, as well as the expansion of its North Rhine-Westphalia branch in Leichlingen. As a result, it will be able to address the growing need for innovative technologies in the domains of electromobility, new energy, and process and environmental engineering, while also creating up to 270 new employment opportunities. In October 2021, HORIBA expanded its fuel consumption measurement offering with the HyFQ-2000 series, which now offers hydrogen and compressed natural gas (CNG) measurement capabilities. The companys electrification portfolio in the Fuel Cell Electric Vehicle (FCEV) industry is now even more extensive.

TUV Rheinland, Chroma ATE, Intertek, Kuka AG, Softing AG, FEV Group, and SGS are some of the other players in this market. In October 2020, FEV Group launched a fully integrated turnkey solution for testing the latest generation high-voltage batteries. In January 2022, Chroma ATE acquired ESS to work on bringing innovations into the semiconductor test market, which includes aerospace, electric/self-driving vehicles, 5G, AIoT, and biomedical test equipment. The company anticipates that the prospects created by this synergy will provide a solid foundation for future growth. In November 2021, Intertek established a state-of-the-art testing center. Powered by cutting-edge technology, the center will significantly expand Interteks automotive portfolio, allowing manufacturers to accelerate their equipment and systems capabilities in the rapidly evolving world of electric and hybrid vehicles. In January 2022, KUKA and Ford Otosan (Turkey) signed a new framework deal for the delivery of more than 700 robots for Fords next-generation electric and connected commercial vehicle projects at Fords Kocaeli and Istanbul facilities.

Related Reports:

EV Test Equipment Market by Vehicle Type (Passenger Car and Commercial Vehicle), Electric Vehicle Type (BEV, PHEV & HEV), Equipment Type, Application Type (EV Component, EV Charging, and Powertrain) and Region - Global Forecast to 2027

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

EV Test Equipment Market Size,  Share & Growth Report
Report Code
AT 7857
RI Published ON
6/14/2022
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