Hardware-in-the-loop (HIL) technique is used to analyze complex real-time embedded systems. The HIL system provides an effective platform which for reduce the complexity of the plant and control the test platform. HIL technology offers high-quality output and reduces the cost involved and time needed. Hence, it is widely preferred in many applications such as aerospace, automotive, and others. Automotive sector adopts ECUs technology in accordance to meet various industry standards. Electronic companies use HIL technique in various applications such as nuclear power plant control systems, wind turbine generators, developing and testing of electronic grids, photovoltaic inverter, and so on.
This report aims to provide a comprehensive presentation of the global market for Hardware-in-the-loop, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hardware-in-the-loop. This report contains market size and forecasts of Hardware-in-the-loop in global, including the following market information:
Global Hardware-in-the-loop Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Hardware-in-the-loop market was valued at US$ 520.6 million in 2022 and is projected to reach US$ 664.2 million by 2029, at a CAGR of 3.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Automotive Systems Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Hardware-in-the-loop include DSpace GmbH, National Instruments, Vector Informatik, Siemens, Robert Bosch Engineering, MicroNova AG, Opal-RT Technologies, LHP Engineering Solutions and Ipg Automotive GmbH, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Hardware-in-the-loop companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Hardware-in-the-loop Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Hardware-in-the-loop Market Segment Percentages, by Type, 2022 (%)
- Automotive Systems
- Radar
- Robotics
- Power Systems
- Offshore Systems
Global Hardware-in-the-loop Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Hardware-in-the-loop Market Segment Percentages, by Application, 2022 (%)
- Power Electronics
- Automotive
- Research & Education
- Aerospace & Defense
- Other
Global Hardware-in-the-loop Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Hardware-in-the-loop Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Hardware-in-the-loop revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Hardware-in-the-loop revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- 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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Hardware-in-the-loop, market overview.
Chapter 2: Global Hardware-in-the-loop market size in revenue.
Chapter 3: Detailed analysis of Hardware-in-the-loop company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Hardware-in-the-loop in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
