Global Hardware in the Loop Market Size, Trends & Growth Opportunity, By Type (Open Loop Hil, Closed Loop Hil) By Vertical (Automotive, Defense, Power Electronics, Aerospace, Research & Education, Others) Region and Forecast till 2027
Report ID : QR1001323 | Industries : Semiconductors and Electronics | Published On :January 2022 | Page Count : 253Global Hardware in the Loop Market
Hardware-in-the-loop (HIL) simulation or HWIL, is a technique that is used in the development and test of complex real-time embedded systems. HIL simulation provides an effective platform by adding the complexity of the plant under control to the test platform. The complexity of the plant under control is included in test and development by adding a mathematical representation of all related dynamic systems. These mathematical representations are referred to as the “plant simulation”. The embedded system to be tested interacts with this plant simulation.
Drivers: Cost & Time Effective Technique
Hardware in Loop is a cost effective and time efficient technique, which is used in major applications such as automotive, defense ,Power Electronics, aerospace, research & education and Others. Hence is expected to boost the market in the given forecast period.
Restraints: Economic Slowdown and Reluctance To investment
Reluctance to invest due to additional cost requirement for dedicated HIL hardware and software and Economic Slowdown are the major factor that hinders the hardware-in-the-loop market growth for the given forecast period.
Know more about this report: request for sample pages
Impact of COVID-19
Most industries across the globe have negatively impacted due to Covid-19. Hardware in the loop market is negatively affected consumer demand has also subsequently decreased as individuals are directed towards eliminating not required expenses. Slowdown in the production process due to lockdowns , no labour force led to a decline in the market growth.
Segmentation By Type
Based on the Type the market is segmented into Open Loop HIL and Close Loop HIL. Based on product type, the open loop HIL segment accounts for a massive share in the market and is predicted to witness healthy growth in the forecast period. The open-loop HIL is less complicated in phrases of use and offers stable operation. It is extensively cheaper than the closed-loop HIL. Apart from being easy to construct and handy to use, this segment is easy to maintain too. Over the forecast period, the developers demand for the open-loop HIL in the household equipment, such as washing machines, electric bulb, electric hand driers, and bread toasters, among others, is probably to reinforce the market boom.
Segmentation by Vertical:
The Vertical is segmented into Automotive, Defense, Power Electronics, Aerospace, Research & Education and Others. The global hardware in the loop industry is driven by the thriving automotive and aerospace and defense industry. Hardware in the loop is an important component for the improvement of ECUs in the car industry. Hence, the growing adoption of ECU by the automotive industry, in order to meet diverse industry standards is likely to propel the demand for hardware in the loop. Over the forecast period, the growing demand HIL technology from the electronic companies, for various applications, such as nuclear power plants, chassis systems, wind turbine generators, developing and testing of digital grids, and photovoltaic inverters, among others, is likely to augment the boom of the market. The market is further expected to be aided by the growing expansion of the essential market players in the growing economies of the world.
Segmentation by Region
By Region the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The hardware in the loop industry in North America is driven by the growing investments towards the expansion of the real-time embedded systems in the United States of America and Canada. The market in the region is anticipated to be augmented by the rising demand for heavy machinery and large-sized equipment, owing to the rapid urbanisation and technological advancements in the infrastructure. The market in the region is further expected to be aided by the rising government expenditure towards research and education.
Competitive Landscape:
The major players in the market are Dspace GmbH, National Instruments Corp., Typhoon Hil,Inc., Aegis Technologies Group,Inc, Speedgoat GmbH, Oral RT Technologies, Inc. , Airbus Group SE, Honda Aircraft Company, Siemens Plm Software, Embraer S.A., Methodica Technologies, L.L.C.
Industrial Development:
In May 2019, Opal-RT Technologies,INC and NI had signed streategic agreement to work together to accelerate the development of hardware in the loop simulation technologies for the automotive market, with a focus on testing electric vehicles.
In june 2021, dSPACE, Anritsu Corporation, two companies dealing with Typhoon Hil,Inc, ting & measurement , simulation and validation were planning to demonstrate an integration of a 5g network emulator in a hardware in loop system introduce next generation automotive applications for connected vehicles.
Market taxonomy
By Type
- Open Loop Hil
- Closed Loop Hil
By Vertical
- Automotive
- Defense
- Power Electronics
- Aerospace
- Research & Education
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Global Hardware in the loop Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Hardware in the Loop Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Hardware in the Loop Market, By type
5.1 Y-o-Y Growth Comparison, By Form Type
5.2 Global Hardware in the loop Market Share Analysis, By Type
5.3 Global Hardware in the loop Market Size and Forecast, By Type
5.3.1 Open Loop HIL
5.3.2 Closed Loop HIL
6 Global Hardware in the loop Market, By Vertical
6.1 Y-o-Y Growth Comparison, By Vertical
6.2 Global Hardware in the loop Market Share Analysis, By Vertical
6.3 Global Hardware in the loop Market Size and Forecast, By Vertical
6.3.1 Automotive
6.3.2 Defense
6.3.3 Power Electronics
6.3.4 Aerospace
6.3.5 Research & Education
6.3.6 others
7 Global Hardware in the loop Market, By Region
7.1 Global Hardware in the loop Market Share Analysis, By Region
7.2 Global Hardware in the loop Market Share Analysis, By Region
7.3 Global Hardware in the loop Market Size and Forecast, By Region
8 North America Global Hardware in the loop Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Global Hardware in the loop Market Share Analysis,By Type
8.3 North America Global Hardware in the loop Market Size and Forecast, By Vertical
8.4 North America Global Hardware in the loop Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Global Hardware in the loop Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Global Hardware in the loop Market Share Analysis, By Type
9.3 Europe Global Hardware in the loop Market Size and Forecast, By Vertical
9.4 Europe Global Hardware in the loop Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Global Hardware in the loop Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Global Hardware in the loop Market Share Analysis, By Type
10.3 Asia Pacific Global Hardware in the Loop Market Size and Forecast, By Vertical
10.4 Asia Pacific Global Hardware in the loop Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.5 Rest of Asia Pacific
11 Latin America Global Hardware in the loop Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Global Hardware in the loop Market Share Analysis, By Type
11.3 Latin America Global Hardware in the loop Market Size and Forecast, Vertical
11.4 Latin America Global Hardware in the loop Market Size and Forecast, Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Global Hardware in the loop Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Global Hardware in the loop Market Share Analysis, By Form Type
12.3 Middle East Global Hardware in the loop Market Size and Forecast, By Vertical
12.4 Middle East Global Hardware in the loop Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.5. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Dspace GmbH
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 National Instruments Corp.
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Typhoon Hil,Inc.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Aegis Technologies Group,Inc
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Speedgoat GmbH
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Oral RT Technologies, Inc.
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Airbus Group SE
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Honda Aircraft Company
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Siemens Plm Software
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Embraer S.A.
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11 Methodica Technologies, L.L.C
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies