Market Overview:
The global electric vehicle test solution market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe. Electric vehicles are environment-friendly and have low running costs as compared to traditional petrol or diesel-powered vehicles, which is driving their adoption in various regions. Additionally, governments are providing incentives and subsidies for electric vehicle purchases, which is also aiding in their growth. The global electric vehicle test solution market can be segmented on the basis of type into test system and test service. Test system includes hardware such as power supplies, data acquisition systems, controllers etc., while test service includes services such as testing & validation, consulting & engineering services etc. On the basis of application, the market can be segmented into automotive manufacturer, automotive parts manufacturer and other applications such as transportation & logistics etc. Geographically, the global electric vehicle test solution market can be segmented into North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China) and Middle East & Africa (South Africa).
Product Definition:
Electric Vehicle Test Solution is a software application that is used to test the performance and functionality of electric vehicles. The importance of Electric Vehicle Test Solution is that it helps automakers to ensure that their electric vehicles meet all safety and performance requirements before they are released to the public.
Test System:
The global test system market size was valued at USD 2.8 billion in 2016 and is expected to witness a CAGR of XX% over the forecast period. Test system plays an important role in electric vehicle manufacturing as it ensures quality, reliability, and durability of the product under severe operating conditions such as high/low temperatures, vibrations & shocks, dust & dirt etc.
Test Service:
Test service is a software-based solution that provides functional and performance test coverage for electric vehicles. It also helps in ensuring quality, reliability, and durability of the vehicle. Test service monitors various aspects such as charging cycles, temperature control system functioning, battery performance during charge & discharge cycles among others to ensure overall stability of the EVTES systems.
The global electric vehicle (EV) test solution market was valued at USD 1.6 billion in 2018.
Application Insights:
Automotive parts manufacturers led the global electric vehicle test solution market in 2017, owing to the growing demand for electric motors and batteries. These parts are sensitive to environmental conditions such as temperature and humidity. Testing these components ensures that they perform according to design specifications under normal operating conditions, which helps reduce product returns and enhance customer satisfaction.
The automotive manufacturer segment is expected to witness significant growth over the forecast period due to increasing government support for promoting Electric Vehicles (EVs) production in countries like China, Japan, South Korea and Germany. Other applications include aerospace & defense industry testing as well as electronics & semiconductor testing laboratories.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its lead over the forecast period owing to increasing R&D investments by key companies and an increase in consumer preference for EVs. Europe is also likely to be a significant contributor due to favorable government policies, such as subsidies on EV charging infrastructure and tax incentives on electric vehicles. Asia Pacific is anticipated to register the highest CAGR during the forecast period owing to growing demand from countries, such as China and India, which account for a large share of global vehicle production.
The Middle East & Africa (MEA) segment has been one of the most impacted markets by political instability coupled with economic slowdown in major economies including Egypt and Saudi Arabia that were among top consumers of electric vehicles globally in 2017.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020. This growth can be attributed to the increasing demand for environment-friendly and fuel-efficient vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles through various initiatives and subsidies. For instance, in China, the government offers a subsidy of up to ,800 on each electric vehicle purchase.
- Development of charging infrastructure: The development of charging infrastructure is crucial for the growth of the electric vehicle market as it enables easy charging of vehicles anywhere anytime. Major players in this market are investing heavily in developing advanced charging technologies such as wireless charging and fast-charging stations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Test Solution Market Research Report
By Type
Test System, Test Service
By Application
Automotive Manufacturer, Automotive Parts Manufacturer, Other
By Companies
AVL List, Liance Electromechanical, CTL, Horiba, ThyssenKrupp, W-Ibeda, Xiang Yi Power Testing, LangDi Measurement, Chengbang Haoran Measurement, Eontronix, Chroma ATE Inc, MTS Systems Corporation, Ricardo, IAV, Intertek, Instron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Test Solution Market Report Segments:
The global Electric Vehicle Test Solution market is segmented on the basis of:
Types
Test System, Test Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Manufacturer, Automotive Parts Manufacturer, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AVL List
- Liance Electromechanical
- CTL
- Horiba
- ThyssenKrupp
- W-Ibeda
- Xiang Yi Power Testing
- LangDi Measurement
- Chengbang Haoran Measurement
- Eontronix
- Chroma ATE Inc
- MTS Systems Corporation
- Ricardo
- IAV
- Intertek
- Instron
Highlights of The Electric Vehicle Test Solution Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Test System
- Test Service
- By Application:
- Automotive Manufacturer
- Automotive Parts Manufacturer
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Vehicle Test Solution Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric Vehicle Test Solution is a software application that helps electric vehicle owners and operators to test their vehicles in real-world conditions. It includes features such as battery simulation, charging simulation, and weather forecasting.
Some of the key players operating in the electric vehicle test solution market are AVL List, Liance Electromechanical, CTL, Horiba, ThyssenKrupp, W-Ibeda, Xiang Yi Power Testing, LangDi Measurement, Chengbang Haoran Measurement, Eontronix, Chroma ATE Inc, MTS Systems Corporation, Ricardo, IAV, Intertek, Instron.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicle Test Solution Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Vehicle Test Solution Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicle Test Solution Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Vehicle Test Solution Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Vehicle Test Solution Market Size & Forecast, 2020-2028
4.5.1 Electric Vehicle Test Solution Market Size and Y-o-Y Growth
4.5.2 Electric Vehicle Test Solution Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Test System
5.2.2 Test Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive Manufacturer
6.2.2 Automotive Parts Manufacturer
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicle Test Solution Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Vehicle Test Solution Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Test System
9.6.2 Test Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive Manufacturer
9.10.2 Automotive Parts Manufacturer
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Test System
10.6.2 Test Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive Manufacturer
10.10.2 Automotive Parts Manufacturer
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Test System
11.6.2 Test Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive Manufacturer
11.10.2 Automotive Parts Manufacturer
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Test System
12.6.2 Test Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive Manufacturer
12.10.2 Automotive Parts Manufacturer
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Test System
13.6.2 Test Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive Manufacturer
13.10.2 Automotive Parts Manufacturer
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Vehicle Test Solution Market: Competitive Dashboard
14.2 Global Electric Vehicle Test Solution Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AVL List
14.3.2 Liance Electromechanical
14.3.3 CTL
14.3.4 Horiba
14.3.5 ThyssenKrupp
14.3.6 W-Ibeda
14.3.7 Xiang Yi Power Testing
14.3.8 LangDi Measurement
14.3.9 Chengbang Haoran Measurement
14.3.10 Eontronix
14.3.11 Chroma ATE Inc
14.3.12 MTS Systems Corporation
14.3.13 Ricardo
14.3.14 IAV
14.3.15 Intertek
14.3.16 Instron
