The Europe Hardware in the Loop Market would witness market growth of 9.8% CAGR during the forecast period (2022-2028).
Reduced risks of failure are another important advantage of implementing HIL. Control system failure in complex operations can result in catastrophic failure, damaging equipment, or posing safety risks. Before operating physical equipment, controllers can be verified using HIL. This can be used to validate a new controller at the beginning of the project and to lessen the possibility that software updates to the controller will result in the introduction of additional failure modes as the project develops. Both applications lessen the possibility of running across unexpected hardware failure types.
HIL systems allow for concurrent development of control system components. The controller may be available in many control system development initiatives before the plant, power converter, and feedback sensors. The production controller can be tested using HIL before the other components are complete. This can speed up development overall and boost confidence in the controller. With HIL, a wide range of plant varieties can be tested. The development of the Information, Communication and Technology (ICT) sector has significantly impacted GDP growth, the productivity of workers, R&D spending, and other aspects of economies around the world. The market's rise is projected to be fueled by these factors.
The Economic Commission for Europe (ECE) has developed regulations for brake assist systems (BAS). Panic Brake Assist (PBA), which is classified as a Category C (sensitive to many criteria) Brake Assist System, is often a value-added feature of Electronic Stability Control (ESC) systems. The regulations discuss validating Category C Brake Assist System vehicle performance using hardware-in-the-loop (HIL) simulation. Additional capability for validating various ESC software and calibration versions is provided by HIL simulation.
The Germany market dominated the Europe Hardware in the Loop Market by Country in 2021; thereby, achieving a market value of $95.3 Million by 2028. The UK market is poised to grow at a CAGR of 8.9% during (2022 - 2028). Additionally, The France market would experience a CAGR of 10.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hardware in the Loop Market is Predict to reach $1.5 Billion by 2028, at a CAGR of 10.4%
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
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