Report overview
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 & Defense, 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 Chassis 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$ 713.4 million in 2022 and is projected to reach US$ 1054.5 million by 2029, at a CAGR of 5.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global hardware in the loop market include dSpace GmbH, National Instruments, Vector Informatik, etc. The top 2 players occupy about 50% shares of the global market. Europe and North America are main markets, they occupy over 60% of the global market.
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 (%)
Closed Loop HIL
Open Loop HIL
Global Hardware in the Loop Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Hardware in the Loop Market Segment Percentages, by Application, 2022 (%)
Automotive
Aerospace & Defense
Power Electronics
Research & Education
Oil & Gas
Industrial Equipment
Industrial Components
Others
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
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
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
ETAS
Ipg Automotive GmbH
MicroNova AG
Aegis Technologies
HiRain Technologies
Opal-RT Technologies
Eontronix
Typhoon HIL
LHP Engineering Solutions
Speedgoat GmbH
Wineman Technology (Genuen)
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.
