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Electric Vehicle (EV) Test Equipment Market Trends

Report ID: GMI6043
Published Date: Jul 2024
Report Format: PDF

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Electric Vehicle Test Equipment Market Trends

The focus is shifting towards advanced diagnostic tools that enhance battery life and performance analysis. Innovations include real-time monitoring systems and automated testing protocols to ensure battery efficiency, safety, and durability. These advancements aim to improve the reliability and longevity of electric vehicle batteries under various conditions. For instance, in March 2024, Unico is entering the competitive battery testing landscape, driven by the escalating demand for stringent testing protocols as battery production ramps up. This strategic move supports the growing electric vehicle market, which increasingly relies on high-quality battery systems to ensure optimal performance and safety.

Moreover, the rise of autonomous driving tech has spurred a demand for EV test equipment. This equipment is tailored to assess the performance and safety of autonomous systems. It encompasses solutions for sensor validation, vehicle-to-vehicle communication, and real-world simulation scenarios. Moreover, connected testing solutions offer real-time monitoring and remote control, enhancing flexibility, scalability, and data-sharing. These features facilitate efficient test management, stakeholder collaboration, and streamlined testing processes.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

Electric vehicle test equipment market size was USD 634 million in 2023 and is expected to register 9.8% CAGR from 2024-2032 owing to the increasing adoption of EVs, driving the demand for advanced automotive testing technologies worldwide.

Electric vehicle (EV) test equipment industry from the passenger car segment held over 39% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to growing emphasis on developing specialized testing equipment for passenger electric vehicles.

Asia Pacific electric vehicle (EV) test equipment industry held 36% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to growing focus on developing advanced testing equipment tailored to the diverse climates and regulatory standards of the region.

National Instruments Corporation, Intertek Group Plc, Keysight Technologies, Inc., Tuv Rheinland, Durr Group, AVL, and Chroma ATE, are some of the major electric vehicle (EV) test equipment companies worldwide.