Market Overview:
The global hardware-in-the-loop market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for hardware-in-the loop systems from various end users, such as automotive, aerospace & defense, and power electronics industries. Additionally, the growing trend of miniaturization is also contributing to the growth of this market. On the basis of type, the global hardware-in-the loop market can be segmented into automotive systems, radar systems, robotics systems, power systems and offshore systems. The automotive system segment is expected to hold a major share in this market during the forecast period owing to its high demand from various end users across different regions.
Product Definition:
Hardware-in-the-loop (HIL) testing is a type of testing that uses hardware to simulate the behavior of a system under test. HIL testing is often used in conjunction with software modeling tools to create a complete model of the system under test. The use of hardware in this way allows for more accurate simulation and helps ensure that the system behaves as expected.
Automotive Systems:
Automotive systems, also known as the vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, refers to the capability of a modern automobile to communicate and interact with surrounding devices. It helps in enhancing safety by enabling vehicles to exchange information about traffic conditions, road hazards and weather updates etc., among each other as well as with the infrastructure around.
Radar:
Radar is an electromagnetic technique that utilizes radio waves to determine the range and/or position of objects. The radar hardware consists of a source, antenna, receiver and transceiver, processing unit (PC), display driver etc. The primary applications include air traffic control & navigation (ATC&N), military intelligence gathering & surveillance, automotive safety testing etc.
Application Insights:
The automotive systems segment dominated the global hardware-in-the-loop market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for on-board computers and advanced driver assistance systems (ADAS). ADAS is a set of technologies that help improve driver safety by providing alerts about vehicles surroundings, such as pedestrians, cyclists and other vehicles. On the basis of application, the global hardware-in-the loop market has been classified into power electronics, automotive, research & education and aerospace & defense.
Regional Analysis:
The HIL market in the Asia Pacific region is anticipated to grow at a significant rate over the forecast period. The growth can be attributed to increasing investments in developing countries such as China, India, and Japan. For instance, according to IEEFA, China had more than USD X billion of hardware-related equipment ordered through 2017’s first half alone. Moreover, rising demand for consumer electronics with better sound quality and enhanced image quality is expected to drive the regional market further.
Hardware-in-the loop technology has witnessed increased adoption across several industries including automotive (engine control units), power electronics (rectifiers), aerospace & defense (radar systems) and others owing to its benefits such as reduced weight on board aircraft or reduction of fuel consumption by reducing idling time of motors/generators etc., Hence it reduces carbon footprint which is an important factor while formulating policies by governments across various regions including U.S., Germany or China among other European countries).
Growth Factors:
- Increasing demand for hardware-in-the-loop testing from automotive and aerospace industries due to the need for advanced safety features and certification.
- Growing popularity of hardware-in-the loop simulation platforms among academic institutions for teaching and research purposes.
- Proliferation of Internet of Things (IoT) devices and the increasing demand for real-time performance testing of connected devices.
- Rising number of start-ups focused on developing innovative hardware-in -the loop solutions for various industrial applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hardware-in-the-loop Market Research Report
By Type
Automotive Systems, Radar, Robotics, Power Systems, Offshore Systems
By Application
Power Electronics, Automotive, Research & Education, Aerospace & Defense, Other
By Companies
DSpace GmbH, National Instruments, Vector Informatik, Siemens, Robert Bosch Engineering, MicroNova AG, Opal-RT Technologies, LHP Engineering Solutions, Ipg Automotive GmbH, Typhoon HIL, Speedgoat GmbH, Eontronix, Wineman Technology, Modeling Tech
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Hardware-in-the-loop Market Report Segments:
The global Hardware-in-the-loop market is segmented on the basis of:
Types
Automotive Systems, Radar, Robotics, Power Systems, Offshore Systems
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
Power Electronics, Automotive, Research & Education, Aerospace & Defense, 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:
- DSpace GmbH
- National Instruments
- Vector Informatik
- Siemens
- Robert Bosch Engineering
- MicroNova AG
- Opal-RT Technologies
- LHP Engineering Solutions
- Ipg Automotive GmbH
- Typhoon HIL
- Speedgoat GmbH
- Eontronix
- Wineman Technology
- Modeling Tech
Highlights of The Hardware-in-the-loop 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:
- Automotive Systems
- Radar
- Robotics
- Power Systems
- Offshore Systems
- By Application:
- Power Electronics
- Automotive
- Research & Education
- Aerospace & Defense
- 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 Hardware-in-the-loop 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.
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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?
Hardware-in-the-loop (HIL) is a term used in the electronics and semiconductor industry to describe a process where electronic components are manufactured on an integrated circuit chip. The chip is then inserted into a device, such as a computer or phone, and controlled by software.
Some of the key players operating in the hardware-in-the-loop market are DSpace GmbH, National Instruments, Vector Informatik, Siemens, Robert Bosch Engineering, MicroNova AG, Opal-RT Technologies, LHP Engineering Solutions, Ipg Automotive GmbH, Typhoon HIL, Speedgoat GmbH, Eontronix, Wineman Technology, Modeling Tech.
The hardware-in-the-loop market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hardware-in-the-loop 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 Hardware-in-the-loop Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hardware-in-the-loop 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 Hardware-in-the-loop 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 Hardware-in-the-loop Market Size & Forecast, 2020-2028
4.5.1 Hardware-in-the-loop Market Size and Y-o-Y Growth
4.5.2 Hardware-in-the-loop 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 Automotive Systems
5.2.2 Radar
5.2.3 Robotics
5.2.4 Power Systems
5.2.5 Offshore Systems
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 Power Electronics
6.2.2 Automotive
6.2.3 Research & Education
6.2.4 Aerospace & Defense
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hardware-in-the-loop 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 Hardware-in-the-loop 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 Automotive Systems
9.6.2 Radar
9.6.3 Robotics
9.6.4 Power Systems
9.6.5 Offshore Systems
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 Power Electronics
9.10.2 Automotive
9.10.3 Research & Education
9.10.4 Aerospace & Defense
9.10.5 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 Automotive Systems
10.6.2 Radar
10.6.3 Robotics
10.6.4 Power Systems
10.6.5 Offshore Systems
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 Power Electronics
10.10.2 Automotive
10.10.3 Research & Education
10.10.4 Aerospace & Defense
10.10.5 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 Automotive Systems
11.6.2 Radar
11.6.3 Robotics
11.6.4 Power Systems
11.6.5 Offshore Systems
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 Power Electronics
11.10.2 Automotive
11.10.3 Research & Education
11.10.4 Aerospace & Defense
11.10.5 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 Automotive Systems
12.6.2 Radar
12.6.3 Robotics
12.6.4 Power Systems
12.6.5 Offshore Systems
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 Power Electronics
12.10.2 Automotive
12.10.3 Research & Education
12.10.4 Aerospace & Defense
12.10.5 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 Automotive Systems
13.6.2 Radar
13.6.3 Robotics
13.6.4 Power Systems
13.6.5 Offshore Systems
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 Power Electronics
13.10.2 Automotive
13.10.3 Research & Education
13.10.4 Aerospace & Defense
13.10.5 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 Hardware-in-the-loop Market: Competitive Dashboard
14.2 Global Hardware-in-the-loop Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DSpace GmbH
14.3.2 National Instruments
14.3.3 Vector Informatik
14.3.4 Siemens
14.3.5 Robert Bosch Engineering
14.3.6 MicroNova AG
14.3.7 Opal-RT Technologies
14.3.8 LHP Engineering Solutions
14.3.9 Ipg Automotive GmbH
14.3.10 Typhoon HIL
14.3.11 Speedgoat GmbH
14.3.12 Eontronix
14.3.13 Wineman Technology
14.3.14 Modeling Tech
