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Hardware-in-the-Loop (HIL) Testing Market Share

Report ID: GMI11217
Published Date: Sep 2024
Report Format: PDF

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Hardware-in-the-Loop Testing Market Share

National Instruments and MathWorks dominate the market with over 13% of the market share. National Instruments (NI) focuses on its strengths in modular hardware and integrated software solutions to deliver high-performance HIL systems. They emphasize real-time simulation, scalable testing environments, and robust data acquisition capabilities.

MathWorks leverages its expertise in simulation and modeling through MATLAB and Simulink to provide sophisticated tools for HIL testing. Their strategy includes enhancing interoperability with various hardware platforms and offering advanced analytical capabilities. These approaches ensure comprehensive HIL solutions that meet the complex testing needs of several industries.

Hardware-in-the-Loop Testing Market Companies

Major companies operating in the hardware-in-the-loop (HIL) testing industry are:

dSPACE GmbH
National Instruments
Robert Bosch
Opal-RT Technologies
Elektrobit
Allion Labs
MathWorks
Aptiv
Hinduja Tech
Sprient

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of hardware-in-the-loop (HIL) testing reached USD 844.6 million in 2023 and will record a 9% CAGR between 2024 and 2032, led by the rapid advancement in the automotive industry with EVs and autonomous driving systems.

The hardware segment held over 55% revenue share in 2023, bolstered by the increasing demand for high-performance and modular test systems.

North America market acquired a revenue share of 30% in 2023, due to the wider adoption of smart grid technologies.

dSPACE GmbH, National Instruments, Robert Bosch, Opal-RT Technologies, Elektrobit, Allion Labs, MathWorks, Aptiv, Hinduja Tech, and Sprient.