Hardware in the Loop Market

dSPACE GmbH (Germany), NATIONAL INSTRUMENTS CORP. (US) and Vector Informatic GmbH (Germany) are the Key Players in the Hardware in the Loop Market

The hardware in the loop market is estimated to be valued at USD 817 million in 2022 and is projected to reach USD 1,291 million by 2027, growing at a CAGR of 9.6% from 2022 to 2027. Product launches, acquisitions, partnerships, collaborations, strategic alliances, and expansions are the major growth strategies adopted by the market players. These strategies have helped these major players to efficiently fulfil the growing demand for hardware in the loop from end-user industries and expand their global footprint by offering their products across major regions.

Key players operating in the hardware in the loop market are dSPACE GmbH (Germany), NATIONAL INSTRUMENTS CORP. (US), 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), LHP, Inc (US), Genuen (US), Typhoon HIL (US), ModelingTech (China), Bloomy Controls (US), Controllab (Netherlands), Pickering Interfaces (UK), Applus+ (Spain), Add2 Limited (UK), BlueHalo (US), Siemens (Germany), Spirent Communication (US), and UAV Navigation (Spain).

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dSPACE ranked first in the hardware in the loop market in 2021, with an approximate 18–20% share. The company designs tools for the development of ECU testing and mechatronic systems. Automobile OEMs use the company’s end-to-end solutions to test software and hardware components of new vehicle testing, prototyping, and development. Engineers rely on dSPACE’s expertise in aerospace and industrial automation. The company provides software and hardware products for automotive, aerospace, commercial vehicle, electric drives, industrial automation, medical engineering, and research and education. dSPACE provides hardware, software, and prebuild systems for hardware in the loop test applications. The company has a turnkey hardware in the loop system and test benches for ADAS, Automobile ECU and network, BMS, Power Electronics, and mechatronic test systems. The company has a presence in Germany, France, the UK, Croatia, the Czech Republic, Sweden, Poland, the US, Canada, Japan, India, China, South Korea, Australia, New Zealand, and Brazil.

National Instruments secured the second position in the hardware in the loop market in 2021, with an approximate share of 16–18%. The company develops technology for automated test equipment and virtual instrumentation software to connect instruments with computers to automate the testing and measurement of equipment and systems. The company provides the integration of modular hardware and open, flexible software systems, to cater advancing test and measurement needs of engineers and scientists. The major applications provided by the company are for test and measurement and industrial automation fields, such as instrumentation control, data acquisition, automated testing, laboratory automation, factory automation, physiological monitoring, numerical analysis and data visualization, and machine vision. National Instruments reports its business operations under one segment. It offers PC systems, multifunction input and output (I/O) devices, distributed measurement and control systems, high-performance test equipment, systems engineering software, and accessories. The company also offers services related to commissioning, calibration, training, and related repairs for its products. The company offers hardware in the loop solutions for automobile systems, power electronic systems, and industrial systems. National Instruments develops a hardware in the loop software suite in which LabVIEW integrated a development environment with application software and modules specifically designed for hardware in the loop and Real-Time Test applications. LabVIEW is a graphical software platform to visualize hardware configuration, measurement data, and debugging of application software.

Vector Informatik ranked third in the hardware in the loop market in 2021, with an approximate share of 14–16%. The company is an expert in automobile electronics. The company focuses on technology for networking electronic systems based on the serial bus systems CAN, LIN, FlexRay, MOST, and CAN-based protocols such as SAE J1939 and CANopen. It manufactures hardware and software related to automotive embedded systems and software, ECU testing, diagnostics, automotive ethernet, automotive cybersecurity, and engineering services, such as consulting and ECU calibration. The company caters to customers in research, education, automotive, aerospace, commercial vehicles and heavy machinery, industry 4.0, IIoT, and rail transportation. The company offers hardware in the loop system for automobile applications. It provides modular and customized hardware in the loop hardware with software for automating, managing, measuring, and reporting hardware in the loop tests. The company has its presence in 31 locations in Germany, Austria, France, Italy, the UK, Sweden, the US, India, China, Japan, South Korea, and Brazil

Related Reports:

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

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Hardware in the Loop Market Size,  Share & Growth Report
Report Code
SE 3883
RI Published ON
8/18/2022
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