Home > Media & Technology > Testing > Hardware-in-the-Loop (HIL) Testing Market

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

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

Hardware-in-the-Loop Testing Market Trends

The increasing complexity and adoption of aerospace and defense systems is significantly driving the hardware-in-the-loop (HIL) testing industry growth. As aerospace technology advances with the development of next-generation aircraft, satellites, and defense systems, the need for rigorous testing becomes more critical. HIL testing provides a way to simulate and evaluate complex interactions between hardware and software components in a controlled environment, which is essential for ensuring the reliability and safety of these high-stakes systems. With ongoing investments in aerospace innovation and increasing focus on mission-critical systems, the demand for HIL testing solutions is growing.
 

For instance, in March 2024, GE Aerospace invested over USD 650 Million in manufacturing technology and facilities. This will assist the company to increase production and strengthen quality to support its commercial and defense customers. The aerospace and defense sectors demand high precision and performance from their systems, making HIL testing a valuable tool for validating these advanced technologies.

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.

Hardware-in-the-Loop Testing Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 340
  • Countries covered: 25
  • Pages: 250
 Download Free Sample