In a recent research report by QY Research, titled, “Global Hardware in the Loop Market Report, History and Forecast 2014-2025” analysts have studied various aspects of the market. These areas include market scope, drivers and restraints, segment analysis, regional analysis, key players, and competitive landscape. The analysis of each aspect of the market provides an in-depth and comprehensive understanding of the global hardware in the loop market. Researchers have used primary and secondary methodologies to thoroughly study the market. They have also analysed the historic and forecast data of the market revenue.
The global hardware in the loop market is expected to reach US$1008 mn in 2025, from US$653 mn in 2018, with a rising CAGR of 6.4% during 2019 to 2025.
Global Hardware in the Loop Market: Drivers and Restrains
The global hardware in the loop market is expected to grow substantially owing to its unique features to help with testing and development by adding mathematical representation of all related dynamic systems. This method is efficient as it has a higher-burden rate, enhanced quality of testing, tight development schedules, and early process human factor development. This simulation systems is used in automotive systems, radars, robotics, power systems, and offshore systems.
It is increasingly being used for development and test of complex real-time embedded systems, which is expected to contribute to the future growth of the global hardware in the loop market.
Global Hardware in the Loop Market: Segment Analysis
The global hardware in the loop market have two segments, type and application. The type segment includes open loop HIL and closed loop HIL. The application segment includes automotive, aerospace, power electronics, research and education, and others.
Global Hardware in the Loop Market: Regional Analysis
North America holds the largest share for the global hardware in the loop market. Asia Pacific is also likely to grow due to the rapid development is automotive and electronic sectors. Regions like South and North America, Europe, Asia Pacific (China and Japan), and South Korea and others are analysed in the report.
Global Hardware in the Loop Market: Key Players
The major manufacturers in the global hardware in the loop market includes DSpace GmbH, National Instruments, Vector Informatik, Siemens, LHP Engineering Solutions, Robert Bosch Engineering, Typhoon HIL, MicroNova AG, Opal-RT Technologies, Ipg Automotive GmbH, Speedgoat GmbH, Eontronix, Wineman Technology, and Modeling Tech.
Global Hardware in the Loop Market: Competitive Landscape
National Instruments, an Austin-based firm has announced its new partnership with German company ETAS. Both the companies have approved creation of their joint venture, ETAS NI Systems GmbH & Co. KG, which is expected to be fully operational by next year. The company aims to improve the test and validation of software in automotive electronics, including sensors and electronic control units. This is to help meet the industry’s current and future customer requirements.
This joint venture is expected to increase their competition in the market by introducing new and innovative technologies in the automotive industry. It will also strength their global footprint and increase their consumer base.
Full Report Overview@ https://www.qyresearch.com/index/detail/1089823/global-hardware-in-the-loop-market