Gobal hardware in the loop (HiL) market value will reach 927.5 million dollars by 2022

Author: QYResearch  |   Published Date: 2018-04-11   |   Views: 245

Publisher: QYResearch

Published Date: 2018-04-11


 Use of HiL simulation in development process reduces time and cost involved in verification and validation of the ECU's development. Generally, HiL systems developed using dSPACE, National Instruments and other platforms used in automotive industry are very costly and sophisticated. The reason the use of a HIL process is becoming more prevalent in all industries is driven by two major factors: time to market and complexity.

The hardware in the loop is expected to grow at a CAGR of 8% from 584.73 million USD in 2016 to reach 927.5 million USD by 2022 in global market. The hardware in the loop market is related concentrated market; the revenue of top ten manufacturers accounts about 70% of the total revenue in 2016. The high-end products mainly come from Europe and USA.

Innovation and Development of simulation test projects has led to the increasing demand for Hardware in the loop. Increasing simulation test projects across the globe, especially in the Asia-Pacific is another major factor, driving the growth of the HIL system market during the forecast period.

With increased focus on costumed simulation test, the HIL system market is likely to witness a growth in coming years.

The Global Hardware in the Loop Market Professional Survey Report 2017 report released by QYResearch provides a basic overview of the Hardware-in-loop industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Hardware-in-loop industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Click to view the full report:http://www.qyresearchglobal.com/goods-1229784.html
QYResearchglobal focus on market survey and report 
Media contact: press@qyresearch.com

QYR Clients

  • csl
  • croozer
  • crital alert
  • cristal
  • corveneng
  • coperion
  • contijpi medical
  • compass minerals
More Clients...