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North America Hardware in the Loop Market Size, Share & Industry Trends Analysis Report By Type (Open Loop and Closed Loop), By Vertical (Automobile, Aerospace, Research & Education, Defense, Power Electronics), By Country and Growth Forecast, 2022 - 2028

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    Report

  • 79 Pages
  • August 2022
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5659142
The North America Hardware in the Loop Market is expected to witness market growth of 10.0% CAGR during the forecast period (2022-2028).

Software regression testing and hardware simulation based on real-world environments are two common HIL used in the transportation sector. Regression testing for software includes the extensive testing of all currently used functionality again to make sure nothing has been broken every time a new software feature is implemented.

Through the use of ECU simulation models, reusable test scripts, and test-case development, HIL systems can automate and significantly accelerate this process. When HIL enables putting a device under test (DUT) through the rigors of genuine hardware signals and loads that simulate the real-world transducers found in a car or aircraft, this is referred to as real-world hardware simulation.

The controller hardware and software can be properly configured for optimum performance by giving the DUT more precise conditions and scenarios. In addition to the countless technological developments like 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI), the increase in internet connectivity around the world has forwarded economic growth in the last two decades.

North America is a world leader in the fields of robotics, space, and power electronics. So, it finds most of its HIL systems being used in these fields only. The development of HIL systems for better and larger projects has fuelled the research for improved technology. This has resulted in increased research for more precise HILs as well. The Federal Highway Administration (FHWA) has taken the lead in the research and development of cutting-edge linked automation systems that have the potential to significantly improve mobility, safety, and the environment.

The US market dominated the North America Hardware in the Loop Market by Country in 2021; thereby, achieving a market value of $291 Million by 2028. The Canada market is anticipated to grow at a CAGR of 12.5% during (2022 - 2028). Additionally, The Mexico market is expected to witness a CAGR of 11.5% during (2022 - 2028).

Based on Type, the market is segmented into Open Loop and Closed Loop. Based on Vertical, the market is segmented into Automobile, Aerospace, Research & Education, Defense, Power Electronics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, National Instruments Corporation, dSPACE GmbH, Elektrobit Automotive GmbH (Continental AG), OPAL-RT Technologies, Speedgoat GmbH, Acutronic Group, Plexim GmbH, IPG Automotive GmbH and Vector Informatik GmbH>

Scope of the Study

Market Segments Covered in the Report:

By Type
  • Open Loop
  • Closed Loop
By Vertical
  • Automobile
  • Aerospace
  • Research & Education
  • Defense
  • Power Electronics
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Robert Bosch GmbH
  • National Instruments Corporation
  • dSPACE GmbH
  • Elektrobit Automotive GmbH (Continental AG)
  • OPAL-RT Technologies
  • Speedgoat GmbH
  • Acutronic Group
  • Plexim GmbH
  • IPG Automotive GmbH
  • Vector Informatik GmbH

Unique Offerings from the Publisher

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Hardware in the Loop Market, by Type
1.4.2 North America Hardware in the Loop Market, by Vertical
1.4.3 North America Hardware in the Loop Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Jan - 2022, Jul) Leading Players
Chapter 4. North America Hardware in the Loop Market by Type
4.1 North America Open Loop Market by Country
4.2 North America Closed Loop Market by Country
Chapter 5. North America Hardware in the Loop Market by Vertical
5.1 North America Automobile Market by Country
5.2 North America Aerospace Market by Country
5.3 North America Research & Education Market by Country
5.4 North America Defense Market by Country
5.5 North America Power Electronics Market by Country
5.6 North America Others Market by Country
Chapter 6. North America Hardware in the Loop Market by Country
6.1 US Hardware in the Loop Market
6.1.1 US Hardware in the Loop Market by Type
6.1.2 US Hardware in the Loop Market by Vertical
6.2 Canada Hardware in the Loop Market
6.2.1 Canada Hardware in the Loop Market by Type
6.2.2 Canada Hardware in the Loop Market by Vertical
6.3 Mexico Hardware in the Loop Market
6.3.1 Mexico Hardware in the Loop Market by Type
6.3.2 Mexico Hardware in the Loop Market by Vertical
6.4 Rest of North America Hardware in the Loop Market
6.4.1 Rest of North America Hardware in the Loop Market by Type
6.4.2 Rest of North America Hardware in the Loop Market by Vertical
Chapter 7. Company Profiles
7.1 Robert Bosch GmbH
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 National Instruments Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.3 dSPACE GmbH
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Partnerships, Collaborations, and Agreements:
7.3.2.2 Product Launches and Product Expansions:
7.3.2.3 Geographical Expansions:
7.4 Elektrobit Automotive GmbH (Continental AG)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Product Launches and Product Expansions:
7.5 IPG Automotive GmbH
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Product Launches and Product Expansions:
7.6 Vector Informatik GmbH
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Acquisition and Mergers:
7.7 OPAL-RT Technologies
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 Speedgoat GmbH
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.9 Acutronic Group
7.9.1 Company Overview
7.10. Plexim GmbH
7.10.1 Company Overview

Companies Mentioned

  • Robert Bosch GmbH
  • National Instruments Corporation
  • dSPACE GmbH
  • Elektrobit Automotive GmbH (Continental AG)
  • OPAL-RT Technologies
  • Speedgoat GmbH
  • Acutronic Group
  • Plexim GmbH
  • IPG Automotive GmbH
  • Vector Informatik GmbH

Methodology

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