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Global Hardware in the Loop Market Size By Segmentations, Top Key Players, Trend, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 11/23/2022
  • NO OF PAGES
  • 281
  • CATEGORY
  • Information Technology
The competitive landscape analysis of Hardware in the Loop Market uncovers detailed company profiles, revenue shares, portfolio innovations, regional product footprint, key developmental strategies, pricing structure, target markets, and near-term plans of market leaders. This entire section helps readers gain an essence of what is driving competition and what would help them stand out to win new target markets.

Market estimates and forecast are backed by an extensive primary research, further complemented by on-point secondary research of Hardware in the Loop Market. The research analysts have invested significant time and effort in gathering critical industry information from KIPs such as OEMs, top suppliers and distributors, and government bodies.

Market Segmentations:
Global Hardware in the Loop Market: Top Key Players
dSpace GmbH
National Instruments
Vector Informatik
Siemens
Robert Bosch Engineering
MicroNova AG
Opal-RT Technologies
LHP Engineering Solutions
Ipg Automotive GmbH
Typhoon HIL
Speedgoat GmbH
Eontronix
Wineman Technology
Modeling Tech
Aegis Technologies
Hardware in the Loop Breakdown Data by Type
Open Loop HIL
Closed Loop HIL
As of 2019, closed loop HIL segment dominates the market contributing more than 85% of the total market.
Hardware in the Loop Breakdown Data by Application
Automotive
Aerospace
Power Electronics
Research and Educatio
Defense
Oil and Gas
Industrial Equipment
Industrial Components
Others
In 2019, demand for automotive industry occupied the largest market, with 59.12% share.


Global Hardware in the Loop Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

Reasons to Purchase Hardware in the Loop Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Hardware in the Loop Revenue
1.4 Market Analysis by Type
1.4.1 Global Hardware in the Loop Market Size Growth Rate by Type: 2022 VS 2030
1.4.2 Open Loop HIL
1.4.3 Closed Loop HIL
1.5 Market by Application
1.5.1 Global Hardware in the Loop Market Share by Application: 2022 VS 2030
1.5.2 Automotive
1.5.3 Aerospace
1.5.4 Power Electronics
1.5.5 Research and Educatio
1.5.6 Defense
1.5.7 Oil and Gas
1.5.8 Industrial Equipment
1.5.9 Industrial Components
1.5.10 Others
1.6 Coronavirus Disease 2019 (Covid-19): Hardware in the Loop Industry Impact
1.6.1 How the Covid-19 is Affecting the Hardware in the Loop Industry
1.6.1.1 Hardware in the Loop Business Impact Assessment - Covid-19
1.6.1.2 Supply Chain Challenges
1.6.1.3 COVID-19’s Impact On Crude Oil and Refined Products
1.6.2 Market Trends and Hardware in the Loop Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.6.3.2 Proposal for Hardware in the Loop Players to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered

2 Global Growth Trends by Regions
2.1 Hardware in the Loop Market Perspective (2016-2030)
2.2 Hardware in the Loop Growth Trends by Regions
2.2.1 Hardware in the Loop Market Size by Regions: 2016 VS 2022 VS 2030
2.2.2 Hardware in the Loop Historic Market Share by Regions (2016-2021)
2.2.3 Hardware in the Loop Forecasted Market Size by Regions (2022-2030)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porter’s Five Forces Analysis
2.3.5 Hardware in the Loop Market Growth Strategy
2.3.6 Primary Interviews with Key Hardware in the Loop Players (Opinion Leaders)

3 Competition Landscape by Key Players
3.1 Global Top Hardware in the Loop Players by Market Size
3.1.1 Global Top Hardware in the Loop Players by Revenue (2016-2021)
3.1.2 Global Hardware in the Loop Revenue Market Share by Players (2016-2021)
3.1.3 Global Hardware in the Loop Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Hardware in the Loop Market Concentration Ratio
3.2.1 Global Hardware in the Loop Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Hardware in the Loop Revenue in 2021
3.3 Hardware in the Loop Key Players Head office and Area Served
3.4 Key Players Hardware in the Loop Product Solution and Service
3.5 Date of Enter into Hardware in the Loop Market
3.6 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type (2016-2030)
4.1 Global Hardware in the Loop Historic Market Size by Type (2016-2021)
4.2 Global Hardware in the Loop Forecasted Market Size by Type (2022-2030)

5 Hardware in the Loop Breakdown Data by Application (2016-2030)
5.1 Global Hardware in the Loop Market Size by Application (2016-2021)
5.2 Global Hardware in the Loop Forecasted Market Size by Application (2022-2030)

6 North America
6.1 North America Hardware in the Loop Market Size (2016-2021)
6.2 Hardware in the Loop Key Players in North America (2016-2021)
6.3 North America Hardware in the Loop Market Size by Type (2016-2021)
6.4 North America Hardware in the Loop Market Size by Application (2016-2021)

7 Europe
7.1 Europe Hardware in the Loop Market Size (2016-2021)
7.2 Hardware in the Loop Key Players in Europe (2016-2021)
7.3 Europe Hardware in the Loop Market Size by Type (2016-2021)
7.4 Europe Hardware in the Loop Market Size by Application (2016-2021)

8 China
8.1 China Hardware in the Loop Market Size (2016-2021)
8.2 Hardware in the Loop Key Players in China (2016-2021)
8.3 China Hardware in the Loop Market Size by Type (2016-2021)
8.4 China Hardware in the Loop Market Size by Application (2016-2021)

9 India
9.1 India Hardware in the Loop Market Size (2016-2021)
9.2 Hardware in the Loop Key Players in India (2016-2021)
9.3 India Hardware in the Loop Market Size by Type (2016-2021)
9.4 India Hardware in the Loop Market Size by Application (2016-2021)

10 Key Players Profiles
10.1 dSpace GmbH
10.1.1 dSpace GmbH Company Details
10.1.2 dSpace GmbH Business Overview and Its Total Revenue
10.1.3 dSpace GmbH Hardware in the Loop Introduction
10.1.4 dSpace GmbH Revenue in Hardware in the Loop Business (2016-2021)
10.1.5 dSpace GmbH Recent Development
10.2 National Instruments
10.2.1 National Instruments Company Details
10.2.2 National Instruments Business Overview and Its Total Revenue
10.2.3 National Instruments Hardware in the Loop Introduction
10.2.4 National Instruments Revenue in Hardware in the Loop Business (2016-2021)
10.2.5 National Instruments Recent Development
10.3 Vector Informatik
10.3.1 Vector Informatik Company Details
10.3.2 Vector Informatik Business Overview and Its Total Revenue
10.3.3 Vector Informatik Hardware in the Loop Introduction
10.3.4 Vector Informatik Revenue in Hardware in the Loop Business (2016-2021)
10.3.5 Vector Informatik Recent Development
10.4 Siemens
10.4.1 Siemens Company Details
10.4.2 Siemens Business Overview and Its Total Revenue
10.4.3 Siemens Hardware in the Loop Introduction
10.4.4 Siemens Revenue in Hardware in the Loop Business (2016-2021)
10.4.5 Siemens Recent Development
10.5 Robert Bosch Engineering
10.5.1 Robert Bosch Engineering Company Details
10.5.2 Robert Bosch Engineering Business Overview and Its Total Revenue
10.5.3 Robert Bosch Engineering Hardware in the Loop Introduction
10.5.4 Robert Bosch Engineering Revenue in Hardware in the Loop Business (2016-2021)
10.5.5 Robert Bosch Engineering Recent Development
10.6 MicroNova AG
10.6.1 MicroNova AG Company Details
10.6.2 MicroNova AG Business Overview and Its Total Revenue
10.6.3 MicroNova AG Hardware in the Loop Introduction
10.6.4 MicroNova AG Revenue in Hardware in the Loop Business (2016-2021)
10.6.5 MicroNova AG Recent Development
10.7 Opal-RT Technologies
10.7.1 Opal-RT Technologies Company Details
10.7.2 Opal-RT Technologies Business Overview and Its Total Revenue
10.7.3 Opal-RT Technologies Hardware in the Loop Introduction
10.7.4 Opal-RT Technologies Revenue in Hardware in the Loop Business (2016-2021)
10.7.5 Opal-RT Technologies Recent Development
10.8 LHP Engineering Solutions
10.8.1 LHP Engineering Solutions Company Details
10.8.2 LHP Engineering Solutions Business Overview and Its Total Revenue
10.8.3 LHP Engineering Solutions Hardware in the Loop Introduction
10.8.4 LHP Engineering Solutions Revenue in Hardware in the Loop Business (2016-2021)
10.8.5 LHP Engineering Solutions Recent Development
10.9 Ipg Automotive GmbH
10.9.1 Ipg Automotive GmbH Company Details
10.9.2 Ipg Automotive GmbH Business Overview and Its Total Revenue
10.9.3 Ipg Automotive GmbH Hardware in the Loop Introduction
10.9.4 Ipg Automotive GmbH Revenue in Hardware in the Loop Business (2016-2021)
10.9.5 Ipg Automotive GmbH Recent Development
10.10 Typhoon HIL
10.10.1 Typhoon HIL Company Details
10.10.2 Typhoon HIL Business Overview and Its Total Revenue
10.10.3 Typhoon HIL Hardware in the Loop Introduction
10.10.4 Typhoon HIL Revenue in Hardware in the Loop Business (2016-2021)
10.10.5 Typhoon HIL Recent Development
10.11 Speedgoat GmbH
10.11.1 Speedgoat GmbH Company Details
10.11.2 Speedgoat GmbH Business Overview and Its Total Revenue
10.11.3 Speedgoat GmbH Hardware in the Loop Introduction
10.11.4 Speedgoat GmbH Revenue in Hardware in the Loop Business (2016-2021)
10.11.5 Speedgoat GmbH Recent Development
10.12 Eontronix
10.12.1 Eontronix Company Details
10.12.2 Eontronix Business Overview and Its Total Revenue
10.12.3 Eontronix Hardware in the Loop Introduction
10.12.4 Eontronix Revenue in Hardware in the Loop Business (2016-2021)
10.12.5 Eontronix Recent Development
10.13 Wineman Technology
10.13.1 Wineman Technology Company Details
10.13.2 Wineman Technology Business Overview and Its Total Revenue
10.13.3 Wineman Technology Hardware in the Loop Introduction
10.13.4 Wineman Technology Revenue in Hardware in the Loop Business (2016-2021)
10.13.5 Wineman Technology Recent Development
10.14 Modeling Tech
10.14.1 Modeling Tech Company Details
10.14.2 Modeling Tech Business Overview and Its Total Revenue
10.14.3 Modeling Tech Hardware in the Loop Introduction
10.14.4 Modeling Tech Revenue in Hardware in the Loop Business (2016-2021)
10.14.5 Modeling Tech Recent Development
10.15 Aegis Technologies
10.15.1 Aegis Technologies Company Details
10.15.2 Aegis Technologies Business Overview and Its Total Revenue
10.15.3 Aegis Technologies Hardware in the Loop Introduction
10.15.4 Aegis Technologies Revenue in Hardware in the Loop Business (2016-2021)
10.15.5 Aegis Technologies Recent Development

11 Analyst's Viewpoints/Conclusions

12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.2 Data Source
12.2 Disclaimer
12.3 Author Details

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Conduct frequent client communications
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  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.

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