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LAMEA 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

  • 86 Pages
  • August 2022
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5659359
The Latin America, Middle East and Africa Hardware in the Loop Market is expected to witness market growth of 13.8% CAGR during the forecast period (2022-2028).

When only using physical systems, it is frequently impossible to test fault modes thoroughly. With HIL, defects can be brought about by software and timed to a variety of circumstances. HIL provides all of these functionalities and more while greatly reducing the drawbacks of conventional testing techniques. HIL simulation has become the norm for a wide range of businesses all over the world by lowering risk, cost, and the overall time needed to test complicated embedded systems.

The cost of the implementation of the testing strategy includes the costs of all resources and labor. The time it takes to design and test a product has an impact on how quickly it may be sold. Usually, the safety factor and development time are converted into a cost measure. Particular situations which propel the usage of HIL simulation are better testing quality, constrained development schedules, a plant with a high load rate, and early process human factor development.

The reliability of the simulation software is crucial for HIL testing to be useful. Hardware that not only takes into account system requirements like I/O and connector type but also allows for testing of real-world scenarios and fault insertions must be linked with simulation software. HIL simulators come in a variety of sizes, computing powers, complexity levels, and costs.

The HIL testing system is mainly prevalent in the automotive industry in this region as most of its development remains in a nascent phase. Defense is another area where rapid testing and research have allowed for the use and growth of hardware in the loop test beds. Saudi Arabia was the sixth-largest spender on defense in the world in 2020, and it will continue to advance its Vision 2030 goal of localizing more than half of its military spending by 2030 by investing billions more in defense in 2022. Over the next ten years, the General Authority for Military Industries (GAMI) intends to spend more than $10 billion on the military sector and a similar amount on R&D.

The Brazil market dominated the LAMEA Hardware in the Loop Market by Country in 2021; thereby, achieving a market value of $24.3 Million by 2028. The Argentina market is anticipated to grow at a CAGR of 14.4% during (2022 - 2028). Additionally, The UAE market is expected to exhibit a CAGR of 13.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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 LAMEA Hardware in the Loop Market, by Type
1.4.2 LAMEA Hardware in the Loop Market, by Vertical
1.4.3 LAMEA 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. LAMEA Hardware in the Loop Market by Type
4.1 LAMEA Open Loop Market by Country
4.2 LAMEA Closed Loop Market by Country
Chapter 5. LAMEA Hardware in the Loop Market by Vertical
5.1 LAMEA Automobile Market by Country
5.2 LAMEA Aerospace Market by Country
5.3 LAMEA Research & Education Market by Country
5.4 LAMEA Defense Market by Country
5.5 LAMEA Power Electronics Market by Country
5.6 LAMEA Others Market by Country
Chapter 6. LAMEA Hardware in the Loop Market by Country
6.1 Brazil Hardware in the Loop Market
6.1.1 Brazil Hardware in the Loop Market by Type
6.1.2 Brazil Hardware in the Loop Market by Vertical
6.2 Argentina Hardware in the Loop Market
6.2.1 Argentina Hardware in the Loop Market by Type
6.2.2 Argentina Hardware in the Loop Market by Vertical
6.3 UAE Hardware in the Loop Market
6.3.1 UAE Hardware in the Loop Market by Type
6.3.2 UAE Hardware in the Loop Market by Vertical
6.4 Saudi Arabia Hardware in the Loop Market
6.4.1 Saudi Arabia Hardware in the Loop Market by Type
6.4.2 Saudi Arabia Hardware in the Loop Market by Vertical
6.5 South Africa Hardware in the Loop Market
6.5.1 South Africa Hardware in the Loop Market by Type
6.5.2 South Africa Hardware in the Loop Market by Vertical
6.6 Nigeria Hardware in the Loop Market
6.6.1 Nigeria Hardware in the Loop Market by Type
6.6.2 Nigeria Hardware in the Loop Market by Vertical
6.7 Rest of LAMEA Hardware in the Loop Market
6.7.1 Rest of LAMEA Hardware in the Loop Market by Type
6.7.2 Rest of LAMEA 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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