Market Overview:
The global hardware in the loop market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market is segmented by type, application, and region. By type, the market is divided into open loop HIL and closed loop HIL. Closed loop HIL dominates the market with a share of more than 85%. By application, automotive industry occupies the largest share of 61% in 2018.
Product Definition:
Hardware in the Loop is a term used to describe the use of physical hardware in a simulation or emulation environment. This can include everything from discrete electronic components and systems, to full-scale physical prototypes. Hardware in the Loop testing is often used to verify system performance and correctness before software or firmware is finalized. It can also be used as part of validation and verification processes for safety-critical systems.
Open Loop HIL:
Hardware in the Loop (HIL) is a design method where all the electronic components are integrated on one printed circuit board. The HIL method reduces the number of wires and hence helps to reduce costs and time in manufacturing. Open loop HIL has many advantages over closed-loop HIL, which includes open-loop gain setting option, external component access without soldering, etc.
Closed Loop HIL:
Closed-loop HIL is a hardware implementation of the software defined in Open Loop HIL. It uses an integrated circuit (IC) as a medium to implement the algorithms without any further external components. The IC used can be an Application Specific Integrated Circuit (ASIC), Field Programmable Gate Array (FPGA), or another custom logic device. In this process, all the external inputs and outputs are internally generated by programmed microprocessors present inside closed-loop systems.
Application Insights:
The automotive application segment is projected to witness significant growth over the forecast period. The growing demand for in-vehicle infotainment systems and advanced driver assistance systems (ADAS) is expected to drive the industry. Furthermore, rising demand for connectivity features such as navigation, music, and Bluetooth is anticipated to fuel market growth over the forecast period.
Hardware in the loo provides a real-time digital representation of an automobile¢â‚¬â„¢s state by providing vital vehicle information into a user interface that can be controlled through remote devices such as smartphones or laptops., In addition, it also enables users to record driving data and share via social media websites.
The aerospace segment occupied a significant market share with more than 10% of global revenue in 2017 due to increasing passenger traffic on commercial aircrafts coupled with technological advancements that have increased aircraft safety standards across all major regions globally.
Regional Analysis:
The Asia Pacific region is expected to witness the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing government investments in R&D and rising adoption of closed-loop hardware implementation for power electronics applications. In addition, growing demand for energy-efficient products is anticipated to drive regional market growth over the forecast period.
North America accounted for a significant share in the global industry owing to high demand from end-use industries such as aerospace & defense, industrial automation, medical equipment & devices manufacturing and oil & gas sector. Moreover, presence of major players such as National Instruments Corporation; Analog Devices Inc.; Texas Instruments Inc.; Maxim Integrated Products Inc.; and others has contributed significantly towards regional growth., Demand For Hardware In The Loop Is Rising Rapidly Due To Its Advantages Such As Lower Power Consumption And High Efficiency Than Software Based HIL Systems., Hardware Implementation Is Also More Robust And Can Work Under Unusual Conditions.
Growth Factors:
- Increasing demand for Hardware in the Loop systems from automotive and aerospace industries for advanced testing and simulation.
- Proliferation of new hardware platforms and technologies that need to be tested in real-world conditions before release to market.
- Growing demand for HIL systems from original equipment manufacturers (OEMs) and Tier 1 suppliers for development of autonomous vehicles, electric vehicles, etc.
- Development of new software tools and applications that can take advantage of Hardware in the Loop capabilities to improve system performance or reduce development time/costs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hardware in the Loop Market Research Report
By Type
Open Loop HIL, Closed Loop HIL, As of 2018, closed loop HIL segment dominates the market contributing more than 85% of the total market., Hardware in the Loo
By Application
Automotive, Aerospace, Power Electronics, Research & Educatio, Defense, Oil & Gas, Industrial Equipment, Industrial Components, Other, In 2018, demand for automotive industry occupied the largest market, with 61% share.
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, Aegis Technologies, Hardware in the Loo
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
245
Number of Tables & Figures
172
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
Open Loop HIL, Closed Loop HIL, As of 2018, closed loop HIL segment dominates the market contributing more than 85% of the total market., Hardware in the Loo
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, Aerospace, Power Electronics, Research & Educatio, Defense, Oil & Gas, Industrial Equipment, Industrial Components, Other, In 2018, demand for automotive industry occupied the largest market, with 61% share.
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
- Aegis Technologies
- Hardware in the Loo
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:
- Open Loop HIL
- Closed Loop HIL
- As of 2018, closed loop HIL segment dominates the market contributing more than 85% of the total market.
- Hardware in the Loo
- By Application:
- Automotive
- Aerospace
- Power Electronics
- Research & Educatio
- Defense
- Oil & Gas
- Industrial Equipment
- Industrial Components
- Other
- In 2018, demand for automotive industry occupied the largest market, with 61% share.
- 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 to describe a process where hardware and software work together to control or monitor an industrial process.
Some of the major companies 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, Aegis Technologies, Hardware in the Loo.
The hardware in the loop market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hardware in the Loop Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hardware in the Loop Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hardware in the Loop Market - Supply Chain
4.5. Global Hardware in the Loop Market Forecast
4.5.1. Hardware in the Loop Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hardware in the Loop Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hardware in the Loop Market Absolute $ Opportunity
5. Global Hardware in the Loop Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hardware in the Loop Market Size and Volume Forecast by Type
5.3.1. Open Loop HIL
5.3.2. Closed Loop HIL
5.3.3. As of 2018, closed loop HIL segment dominates the market contributing more than 85% of the total market.
5.3.4. Hardware in the Loo
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hardware in the Loop Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hardware in the Loop Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace
6.3.3. Power Electronics
6.3.4. Research & Educatio
6.3.5. Defense
6.3.6. Oil & Gas
6.3.7. Industrial Equipment
6.3.8. Industrial Components
6.3.9. Other
6.3.10. In 2018, demand for automotive industry occupied the largest market, with 61% share.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hardware in the Loop Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hardware in the Loop Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hardware in the Loop Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hardware in the Loop Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hardware in the Loop Demand Share Forecast, 2019-2026
9. North America Hardware in the Loop Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hardware in the Loop Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hardware in the Loop Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace
9.4.3. Power Electronics
9.4.4. Research & Educatio
9.4.5. Defense
9.4.6. Oil & Gas
9.4.7. Industrial Equipment
9.4.8. Industrial Components
9.4.9. Other
9.4.10. In 2018, demand for automotive industry occupied the largest market, with 61% share.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hardware in the Loop Market Size and Volume Forecast by Type
9.7.1. Open Loop HIL
9.7.2. Closed Loop HIL
9.7.3. As of 2018, closed loop HIL segment dominates the market contributing more than 85% of the total market.
9.7.4. Hardware in the Loo
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hardware in the Loop Demand Share Forecast, 2019-2026
10. Latin America Hardware in the Loop Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hardware in the Loop Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hardware in the Loop Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace
10.4.3. Power Electronics
10.4.4. Research & Educatio
10.4.5. Defense
10.4.6. Oil & Gas
10.4.7. Industrial Equipment
10.4.8. Industrial Components
10.4.9. Other
10.4.10. In 2018, demand for automotive industry occupied the largest market, with 61% share.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hardware in the Loop Market Size and Volume Forecast by Type
10.7.1. Open Loop HIL
10.7.2. Closed Loop HIL
10.7.3. As of 2018, closed loop HIL segment dominates the market contributing more than 85% of the total market.
10.7.4. Hardware in the Loo
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hardware in the Loop Demand Share Forecast, 2019-2026
11. Europe Hardware in the Loop Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hardware in the Loop Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hardware in the Loop Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace
11.4.3. Power Electronics
11.4.4. Research & Educatio
11.4.5. Defense
11.4.6. Oil & Gas
11.4.7. Industrial Equipment
11.4.8. Industrial Components
11.4.9. Other
11.4.10. In 2018, demand for automotive industry occupied the largest market, with 61% share.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Euroe Hardware in the Loop Market Size and Volume Forecast by Type
11.7.1. Open Loop HIL
11.7.2. Closed Loop HIL
11.7.3. As of 2018, closed loop HIL segment dominates the market contributing more than 85% of the total market.
11.7.4. Hardware in the Loo
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hardware in the Loop Demand Share, 2019-2026
12. Asia Pacific Hardware in the Loop Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hardware in the Loop Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hardware in the Loop Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace
12.4.3. Power Electronics
12.4.4. Research & Educatio
12.4.5. Defense
12.4.6. Oil & Gas
12.4.7. Industrial Equipment
12.4.8. Industrial Components
12.4.9. Other
12.4.10. In 2018, demand for automotive industry occupied the largest market, with 61% share.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hardware in the Loop Market Size and Volume Forecast by Type
12.7.1. Open Loop HIL
12.7.2. Closed Loop HIL
12.7.3. As of 2018, closed loop HIL segment dominates the market contributing more than 85% of the total market.
12.7.4. Hardware in the Loo
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hardware in the Loop Demand Share, 2019-2026
13. Middle East & Africa Hardware in the Loop Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hardware in the Loop Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hardware in the Loop Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace
13.4.3. Power Electronics
13.4.4. Research & Educatio
13.4.5. Defense
13.4.6. Oil & Gas
13.4.7. Industrial Equipment
13.4.8. Industrial Components
13.4.9. Other
13.4.10. In 2018, demand for automotive industry occupied the largest market, with 61% share.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hardware in the Loop Market Size and Volume Forecast by Type
13.7.1. Open Loop HIL
13.7.2. Closed Loop HIL
13.7.3. As of 2018, closed loop HIL segment dominates the market contributing more than 85% of the total market.
13.7.4. Hardware in the Loo
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hardware in the Loop Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hardware in the Loop Market: Market Share Analysis
14.2. Hardware in the Loop Distributors and Customers
14.3. Hardware in the Loop Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DSpace GmbH
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. National Instruments
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vector Informatik
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Robert Bosch Engineering
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MicroNova AG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Opal-RT Technologies
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LHP Engineering Solutions
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ipg Automotive GmbH
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Typhoon HIL
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Speedgoat GmbH
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Eontronix
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Wineman Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Modeling Tech
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
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