The North America Hardware in the Loop Market would 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 would 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.
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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Scope of the Study
Market Segments Covered in the Report:
By Type
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
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 KBV 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
TABLE 1 North America Hardware in the Loop Market, 2018 - 2021, USD Million
TABLE 2 North America Hardware in the Loop Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Hardware in the Loop
TABLE 4 Product Launches And Product Expansions– Hardware in the Loop
TABLE 5 Acquisition and Mergers– Hardware in the Loop
TABLE 6 geographical Expansions – Hardware in the Loop
TABLE 7 North America Hardware in the Loop Market by Type, 2018 - 2021, USD Million
TABLE 8 North America Hardware in the Loop Market by Type, 2022 - 2028, USD Million
TABLE 9 North America Open Loop Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Open Loop Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Closed Loop Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Closed Loop Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Hardware in the Loop Market by Vertical, 2018 - 2021, USD Million
TABLE 14 North America Hardware in the Loop Market by Vertical, 2022 - 2028, USD Million
TABLE 15 North America Automobile Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Automobile Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Aerospace Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Aerospace Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Research & Education Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Research & Education Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Defense Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Defense Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Power Electronics Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Power Electronics Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Hardware in the Loop Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Hardware in the Loop Market by Country, 2022 - 2028, USD Million
TABLE 29 US Hardware in the Loop Market, 2018 - 2021, USD Million
TABLE 30 US Hardware in the Loop Market, 2022 - 2028, USD Million
TABLE 31 US Hardware in the Loop Market by Type, 2018 - 2021, USD Million
TABLE 32 US Hardware in the Loop Market by Type, 2022 - 2028, USD Million
TABLE 33 US Hardware in the Loop Market by Vertical, 2018 - 2021, USD Million
TABLE 34 US Hardware in the Loop Market by Vertical, 2022 - 2028, USD Million
TABLE 35 Canada Hardware in the Loop Market, 2018 - 2021, USD Million
TABLE 36 Canada Hardware in the Loop Market, 2022 - 2028, USD Million
TABLE 37 Canada Hardware in the Loop Market by Type, 2018 - 2021, USD Million
TABLE 38 Canada Hardware in the Loop Market by Type, 2022 - 2028, USD Million
TABLE 39 Canada Hardware in the Loop Market by Vertical, 2018 - 2021, USD Million
TABLE 40 Canada Hardware in the Loop Market by Vertical, 2022 - 2028, USD Million
TABLE 41 Mexico Hardware in the Loop Market, 2018 - 2021, USD Million
TABLE 42 Mexico Hardware in the Loop Market, 2022 - 2028, USD Million
TABLE 43 Mexico Hardware in the Loop Market by Type, 2018 - 2021, USD Million
TABLE 44 Mexico Hardware in the Loop Market by Type, 2022 - 2028, USD Million
TABLE 45 Mexico Hardware in the Loop Market by Vertical, 2018 - 2021, USD Million
TABLE 46 Mexico Hardware in the Loop Market by Vertical, 2022 - 2028, USD Million
TABLE 47 Rest of North America Hardware in the Loop Market, 2018 - 2021, USD Million
TABLE 48 Rest of North America Hardware in the Loop Market, 2022 - 2028, USD Million
TABLE 49 Rest of North America Hardware in the Loop Market by Type, 2018 - 2021, USD Million
TABLE 50 Rest of North America Hardware in the Loop Market by Type, 2022 - 2028, USD Million
TABLE 51 Rest of North America Hardware in the Loop Market by Vertical, 2018 - 2021, USD Million
TABLE 52 Rest of North America Hardware in the Loop Market by Vertical, 2022 - 2028, USD Million
TABLE 53 key information – Robert Bosch GmbH
TABLE 54 Key Information – National Instruments Corporation
TABLE 55 Key Information – dSPACE GmbH
TABLE 56 Key Information – Elektrobit Automotive GmbH
TABLE 57 Key Information – IPG Automotive GmbH
TABLE 58 Key information – Vector Informatik GmbH
TABLE 59 Key Information – OPAL-RT Technologies
TABLE 60 Key Information – Speedgoat GmbH
TABLE 61 Key Information – Acutronic Group
TABLE 62 Key Information – Plexim GmbH
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, JAn – 2022, Jul) Leading Players
FIG 5 Recent strategies and developments: Robert Bosch GmbH
FIG 6 Swot analysis: Robert bosch gmbh
FIG 7 Recent strategies and developments: dSPACE GmbH
FIG 8 Recent strategies and developments: Elektrobit Automotive GmbH
FIG 9 Recent strategies and developments: IPG Automotive GmbH
FIG 10 Recent strategies and developments: Vector Informatik GmbH