Hardware in the Loop Market (HIL) – Global Industry Analysis by Product type, Application, Region and Forecast (2023-2029)


Hardware in the Loop Market (HIL) size is expected to reach nearly US$ 3.30 Bn by 2029 with the CAGR of 9.37% during the forecast period.

Hardware in the Loop Market (HIL) Dynamics:

The hardware in the loop (HIL) technique is used to analyze complex real-time embedded systems. Hardware in the loop system provides an effective platform to reduce the complexity of the plant and controls the test platform. HIL market technology offers high-quality output and reduces the cost involved and time needed. Hardware in the loop (HIL) is a cost-effective and time-effective technique; therefore, it is used in the major applications in the global hardware-in-the-loop market. This, in turn, is expected to contribute to the growth of the global market in the future.Hardware in the Loop MarketTo know about the Research Methodology :- Request Free Sample Report

Open-loop HIL provides a replay of model-generated or recorded-scenario data to the device under test without feedback signals from the DUT into the scenario behaviour. Closed-loop HIL, in contrast, offers a model-based simulation of the traffic and physical environment with feedback signals from the device under test to the simulation environment, for instance, validation of complex application behaviour or functional testing in complex environments, as well as autonomous driving, multiple vehicle interaction, and platooning algorithms.

The application in the automotive sector accounted for the dominant share in 2022. The growth is precedential owing to the increasing use of hardware in the loop technique in the automotive sector for developing enhanced ECUs, reducing time to market, and complying with various industry standards.

Global Hardware in the Loop Market (HIL) Regional Analysis:

Region-wise, North America accounted for the largest share of the global hardware in the looping market in 2022, the market in the region is expected to grow at a high CAGR during the forecast period. The leading position of North America can be attributed to the demand from the automotive and aerospace sectors in this region for the global hardware in the loop technique. This is a result of the US being among the leading automotive and aerospace manufacturers in the world.

Global hardware in the loop market (HIL) report includes PESTLE analysis, competitive landscape, and Porter’s five force model. Market attractive analysis wherein all the segments are benchmarked based on the market size, growth rate, and general attractiveness.

Global hardware in the loop market (HIL) Key Highlights:

Global hardware in the loop market (HIL) analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global hardware in the loop market (HIL)

Global hardware in the loop market (HIL) segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

Global hardware in the loop market (HIL) strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

The hardware in the loop market (HIL) analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global hardware in the loop market (HIL) are also profiled.

The report has considered the base year of 2022 and past four years trend. 2022 figures are at actuals, however due to different dynamics of year 2022, market forecast is not only dependent upon 2023, but on the basis of 2018-2022.

Global Hardware in the Loop Market (HIL) Scope: Inquire before buying






Global Hardware in the Loop Market (HIL)




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.76 Bn.




Forecast Period 2023 to 2029 CAGR:
9.37%
Market Size in 2029:
US $ 3.30 Bn.




 Segments Covered:
by Product type
Open Loop HIL
Closed Loop HIL




by Application
Automotive
Aerospace
Power Electronics
Research & Education
Other






Hardware in the Loop Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Hardware in the Loop Market,(HIL) Key Players are:

1.Typhoon Hil, Inc.
2.Airbus Group SE
3.Robert Bosch Engineering
4.Business Solutions Pvt. Ltd.
5.National Instruments Corp.
6.Speedgoat GmbH
7.Honda Aircraft Company
8.Aegis Technologies Group, Inc.
9.Siemens Plm Software, Inc.
10.Embraer S.A.
11.Dspace GmbH
12.Opal-RT Technologies, Inc.
13.pg Automotive GmbH.
14.IPG Automotive GmbH
15.Robert Bosch Engineering and Business Solutions Pvt. Ltd.

Frequently Asked Questions:

1. Which region has the largest share in Global Hardware in the Loop Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Hardware in the Loop Market?
Ans: The Global Hardware in the Loop Market is growing at a CAGR of 9.37% during forecasting period 2023-2029.

3. What is scope of the Global Hardware in the Loop Market report?
Ans: Global Hardware in the Loop Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Hardware in the Loop Market?
Ans: The important key players in the Global Hardware in the Loop Market are – Typhoon Hil, Inc., Airbus Group SE, Robert Bosch Engineering, Business Solutions Pvt. Ltd., National Instruments Corp., Speedgoat GmbH, Honda Aircraft Company, Aegis Technologies Group, Inc., Siemens Plm Software, Inc., Embraer S.A., Dspace GmbH, Opal-RT Technologies, Inc., pg Automotive GmbH., IPG Automotive GmbH, and Robert Bosch Engineering and Business Solutions Pvt. Ltd.

5. What is the study period of this Market?
Ans: The Global Hardware in the Loop Market is studied from 2022 to 2029. 





Global Hardware in the Loop Market (HIL)

1. Preface
1.1. Research Objectives
1.2. Report Scope and Market Segmentation
1.3. Research Highlights

2. Assumptions and Research Methodology
2.1. Abbreviations

3. Executive Summary
3.1. Global Hardware in the Loop Market (HIL) Size, by Value (US$ Mn)

4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.2.5. Emerging Technology
4.3. Market Analysis
4.3.1. Value Chain Analysis
4.3.2. Pricing Analysis
4.3.3. Market risk analysis
4.3.4. Porter’s Analysis

5. Global Hardware in the Loop Market (HIL) Analysis and Forecast
5.1. Global Hardware in the Loop Market (HIL) Analysis and Forecast
5.2. Global Hardware in the Loop Market (HIL) Size& Y-o-Y Growth Analysis
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Middle East & Africa
5.2.5. South America

6. Global Hardware in the Loop Market (HIL) Analysis and Forecast, by Application
6.1. Introduction and Definition
6.2. Global Hardware in the Loop Market (HIL) Value Share Analysis, by Application
6.3. Market Size (US$ Mn) Forecast, by Application
6.4. Global Hardware in the Loop Market (HIL) Analysis, by Application
6.5. Hardware in the Loop Market (HIL) Attractiveness Analysis, by Application

7. Global Hardware in the Loop Market (HIL) Analysis and Forecast, by Product type
7.1. Introduction and Definition
7.2. Global Hardware in the Loop Market (HIL) Value Share Analysis, by Product type
7.3. Market Size (US$ Mn) Forecast, by Product type
7.4. Global Hardware in the Loop Market (HIL) Analysis, by Product type
7.5. Global Hardware in the Loop Market (HIL) Attractiveness Analysis, by Product type

8. Global Hardware in the Loop Market (HIL) Analysis, by Region
8.1. Global Hardware in the Loop Market (HIL) Value Share Analysis, by Region
8.2. Market Size (US$ Mn) Forecast, by Region
8.3. Global Hardware in the Loop Market (HIL) Attractiveness Analysis, by Region

9. North America Hardware in the Loop Market (HIL) Analysis
9.1. North America Hardware in the Loop Market (HIL) Overview
9.2. North America Hardware in the Loop Market (HIL) Value Share Analysis, by Application
9.3. North America Hardware in the Loop Market (HIL) Forecast, by Application
9.3.1. Automotive
9.3.2. Aerospace
9.3.3. Power Electronics
9.3.4. RESEARCH & EDUCATION
9.3.5. Others
9.4. North America Hardware in the Loop Market (HIL) Value Share Analysis, by Product type
9.5. North America Hardware in the Loop Market (HIL) Forecast, by Product type
9.5.1. Open loop HIL
9.5.2. Close loop HIL
9.6. North America Hardware in the Loop Market (HIL) Value Share Analysis, by Country
9.7. North America Hardware in the Loop Market (HIL) Forecast, by Country
9.7.1. U.S.
9.7.2. Canada
9.8. North America Hardware in the Loop Market (HIL) Analysis, by Country
9.9. U.S. Hardware in the Loop Market (HIL) Forecast, by Application
9.9.1. Automotive
9.9.2. Aerospace
9.9.3. Power Electronics
9.9.4. RESEARCH & EDUCATION
9.9.5. Others
9.10. U.S. Hardware in the Loop Market (HIL) Forecast, by Product type
9.10.1. Open loop HIL
9.10.2. Close loop HIL
9.11. Canada Hardware in the Loop Market (HIL) Forecast, by Application
9.11.1. Automotive
9.11.2. Aerospace
9.11.3. Power Electronics
9.11.4. RESEARCH & EDUCATION
9.11.5. Others
9.12. Canada Hardware in the Loop Market (HIL) Forecast, by Product type
9.12.1. Open loop HIL
9.12.2. Close loop HIL
9.13. North America Hardware in the Loop Market (HIL) Attractiveness Analysis
9.13.1. by Application
9.13.2. by Product type
9.14. PEST Analysis
9.15. Key Trends
9.16. Key Developments

10. Europe Hardware in the Loop Market (HIL) Analysis
10.1. Europe Hardware in the Loop Market (HIL) Overview
10.2. Europe Hardware in the Loop Market (HIL) Value Share Analysis, by Application
10.3. Europe Hardware in the Loop Market (HIL) Forecast, by Application
10.3.1. Automotive
10.3.2. Aerospace
10.3.3. Power Electronics
10.3.4. RESEARCH & EDUCATION
10.3.5. Others
10.4. Europe Hardware in the Loop Market (HIL) Value Share Analysis, by Product type
10.5. Europe Hardware in the Loop Market (HIL) Forecast, by Product type
10.5.1. Open loop HIL
10.5.2. Close loop HIL
10.6. Europe Hardware in the Loop Market (HIL) Value Share Analysis, by Country
10.7. Europe Hardware in the Loop Market (HIL) Forecast, by Country
10.7.1. Germany
10.7.2. U.K.
10.7.3. France
10.7.4. Italy
10.7.5. Spain
10.7.6. Rest of Europe
10.8. Europe Hardware in the Loop Market (HIL) Analysis, by Country/ Sub-region
10.9. Germany Hardware in the Loop Market (HIL) Forecast, by Application
10.9.1. Automotive
10.9.2. Aerospace
10.9.3. Power Electronics
10.9.4. RESEARCH & EDUCATION
10.9.5. Others
10.10. Germany Hardware in the Loop Market (HIL) Forecast, by Product type
10.10.1. Open loop HIL
10.10.2. Close loop HIL
10.11. U.K. Hardware in the Loop Market (HIL) Forecast, by Application
10.11.1. Automotive
10.11.2. Aerospace
10.11.3. Power Electronics
10.11.4. RESEARCH & EDUCATION
10.11.5. Others
10.12. U.K. Hardware in the Loop Market (HIL) Forecast, by Product type
10.12.1. Open loop HIL
10.12.2. Close loop HIL
10.13. France Hardware in the Loop Market (HIL) Forecast, by Application
10.13.1. Automotive
10.13.2. Aerospace
10.13.3. Power Electronics
10.13.4. RESEARCH & EDUCATION
10.13.5. Others
10.14. France Hardware in the Loop Market (HIL) Forecast, by Product type
10.14.1. Open loop HIL
10.14.2. Close loop HIL
10.15. Italy Hardware in the Loop Market (HIL) Forecast, by Application
10.15.1. Automotive
10.15.2. Aerospace
10.15.3. Power Electronics
10.15.4. RESEARCH & EDUCATION
10.15.5. Others
10.16. Italy Hardware in the Loop Market (HIL) Forecast, by Product type
10.16.1. Open loop HIL
10.16.2. Close loop HIL
10.17. Spain Hardware in the Loop Market (HIL) Forecast, by Application
10.17.1. Automotive
10.17.2. Aerospace
10.17.3. Power Electronics
10.17.4. RESEARCH & EDUCATION
10.17.5. Others
10.18. Spain Hardware in the Loop Market (HIL) Forecast, by Product type
10.18.1. Open loop HIL
10.18.2. Close loop HIL
10.19. Rest of Europe Hardware in the Loop Market (HIL) Forecast, by Application
10.19.1. Automotive
10.19.2. Aerospace
10.19.3. Power Electronics
10.19.4. RESEARCH & EDUCATION
10.19.5. Others
10.20. Rest of Europe Hardware in the Loop Market (HIL) Forecast, by Product type
10.20.1. Open loop HIL
10.20.2. Close loop HIL
10.21. Europe Hardware in the Loop Market (HIL) Attractiveness Analysis
10.21.1. by Application
10.21.2. by Product type
10.22. PEST Analysis
10.23. Key Trends
10.24. Key Developments

11. Asia Pacific Hardware in the Loop Market (HIL) Analysis
11.1. Asia Pacific Hardware in the Loop Market (HIL) Overview
11.2. Asia Pacific Hardware in the Loop Market (HIL) Value Share Analysis, by Application
11.3. Asia Pacific Hardware in the Loop Market (HIL) Forecast, by Application
11.3.1. Automotive
11.3.2. Aerospace
11.3.3. Power Electronics
11.3.4. RESEARCH & EDUCATION
11.3.5. Others
11.4. Asia Pacific Hardware in the Loop Market (HIL) Value Share Analysis, by Product type
11.5. Asia Pacific Hardware in the Loop Market (HIL) Forecast, by Product type
11.5.1. Open loop HIL
11.5.2. Close loop HIL
11.6. Asia Pacific Hardware in the Loop Market (HIL) Value Share Analysis, by Country
11.7. Asia Pacific Hardware in the Loop Market (HIL) Forecast, by Country
11.7.1. China
11.7.2. India
11.7.3. Japan
11.7.4. ASEAN
11.7.5. Rest of Asia Pacific
11.8. Asia Pacific Hardware in the Loop Market (HIL) Analysis, by Country/ Sub-region
11.9. China Hardware in the Loop Market (HIL) Forecast, by Application
11.9.1. Automotive
11.9.2. Aerospace
11.9.3. Power Electronics
11.9.4. RESEARCH & EDUCATION
11.9.5. Others
11.10. Tank Level China Hardware in the Loop Market (HIL) Forecast, by Product type
11.10.1. Open loop HIL
11.10.2. Close loop HIL
11.11. India Hardware in the Loop Market (HIL) Forecast, by Application
11.11.1. Automotive
11.11.2. Aerospace
11.11.3. Power Electronics
11.11.4. RESEARCH & EDUCATION
11.11.5. Others
11.12. India Hardware in the Loop Market (HIL) Forecast, by Product type
11.12.1. Open loop HIL
11.12.2. Close loop HIL
11.13. Japan Hardware in the Loop Market (HIL) Forecast, by Application
11.13.1. Automotive
11.13.2. Aerospace
11.13.3. Power Electronics
11.13.4. RESEARCH & EDUCATION
11.13.5. Others
11.14. Japan Hardware in the Loop Market (HIL) Forecast, by Product type
11.14.1. Open loop HIL
11.14.2. Close loop HIL
11.15. ASEAN Hardware in the Loop Market (HIL) Forecast, by Application
11.15.1. Automotive
11.15.2. Aerospace
11.15.3. Power Electronics
11.15.4. RESEARCH & EDUCATION
11.15.5. Others
11.16. ASEAN Hardware in the Loop Market (HIL) Forecast, by Product type
11.16.1. Open loop HIL
11.16.2. Close loop HIL
11.17. Rest of Asia Pacific Hardware in the Loop Market (HIL) Forecast, by Application
11.17.1. Automotive
11.17.2. Aerospace
11.17.3. Power Electronics
11.17.4. RESEARCH & EDUCATION
11.17.5. Others
11.18. Rest of Asia Pacific Hardware in the Loop Market (HIL) Forecast, by Product type
11.18.1. Open loop HIL
11.18.2. Close loop HIL
11.19. Asia Pacific Hardware in the Loop Market (HIL) Attractiveness Analysis
11.19.1. by Application
11.19.2. by Product type
11.20. PEST Analysis
11.21. Key Trends
11.22. Key Developments

12. Middle East & Africa Hardware in the Loop Market (HIL) Analysis
12.1. Middle East & Africa Hardware in the Loop Market (HIL) Overview
12.2. Middle East & Africa Hardware in the Loop Market (HIL) Value Share Analysis, by Application
12.3. Middle East & Africa Hardware in the Loop Market (HIL) Forecast, by Application
12.3.1. Automotive
12.3.2. Aerospace
12.3.3. Power Electronics
12.3.4. RESEARCH & EDUCATION
12.3.5. Others
12.4. Middle East & Africa Hardware in the Loop Market (HIL) Value Share Analysis, by Product type
12.5. Middle East & Africa Hardware in the Loop Market (HIL) Forecast, by Product type
12.5.1. Open loop HIL
12.5.2. Close loop HIL
12.6. Middle East & Africa Hardware in the Loop Market (HIL) Value Share Analysis, by Country
12.7. Middle East & Africa Hardware in the Loop Market (HIL) Forecast, by Country
12.7.1. GCC
12.7.2. South Africa
12.7.3. Rest of Middle East & Africa
12.8. Middle East & Africa Hardware in the Loop Market (HIL) Analysis, by Country/ Sub-region
12.9. GCC Hardware in the Loop Market (HIL) Forecast, by Application
12.9.1. Automotive
12.9.2. Aerospace
12.9.3. Power Electronics
12.9.4. RESEARCH & EDUCATION
12.9.5. Others
12.10. GCC Hardware in the Loop Market (HIL) Forecast, by Product type
12.10.1. Open loop HIL
12.10.2. Close loop HIL
12.11. South Africa Hardware in the Loop Market (HIL) Forecast, by Application
12.11.1. Automotive
12.11.2. Aerospace
12.11.3. Power Electronics
12.11.4. RESEARCH & EDUCATION
12.11.5. Others
12.12. South Africa Hardware in the Loop Market (HIL) Forecast, by Product type
12.12.1. Open loop HIL
12.12.2. Close loop HIL
12.13. Rest of Middle East & Africa Hardware in the Loop Market (HIL) Forecast, by Application
12.13.1. Automotive
12.13.2. Aerospace
12.13.3. Power Electronics
12.13.4. RESEARCH & EDUCATION
12.13.5. Others
12.14. Rest of Middle East & Africa Hardware in the Loop Market (HIL) Forecast, by Product type
12.14.1. Open loop HIL
12.14.2. Close loop HIL
12.15. Middle East & Africa Hardware in the Loop Market (HIL) Attractiveness Analysis
12.15.1. by Application
12.15.2. by Product type
12.16. PEST Analysis
12.17. Key Trends
12.18. Key Developments

13. South America Hardware in the Loop Market (HIL) Analysis
13.1. South America Hardware in the Loop Market (HIL) Overview
13.2. South America Hardware in the Loop Market (HIL) Value Share Analysis, by Application
13.3. South America Hardware in the Loop Market (HIL) Forecast, by Application
13.3.1. Automotive
13.3.2. Aerospace
13.3.3. Power Electronics
13.3.4. RESEARCH & EDUCATION
13.3.5. Others
13.4. South America Hardware in the Loop Market (HIL) Value Share Analysis, by Product type
13.5. South America Hardware in the Loop Market (HIL) Forecast, by Product type
13.5.1. Open loop HIL
13.5.2. Close loop HIL
13.6. South America Hardware in the Loop Market (HIL) Value Share Analysis, by Country
13.7. South America Hardware in the Loop Market (HIL) Forecast, by Country
13.7.1. Brazil
13.7.2. Mexico
13.7.3. Rest of South America
13.8. South America Hardware in the Loop Market (HIL) Analysis, by Country/ Sub-region
13.9. Brazil Hardware in the Loop Market (HIL) Forecast, by Application
13.9.1. Automotive
13.9.2. Aerospace
13.9.3. Power Electronics
13.9.4. RESEARCH & EDUCATION
13.9.5. Others
13.10. Brazil Hardware in the Loop Market (HIL) Forecast, by Product type
13.10.1. Open loop HIL
13.10.2. Close loop HIL
13.11. Mexico Hardware in the Loop Market (HIL) Forecast, by Application
13.11.1. Automotive
13.11.2. Aerospace
13.11.3. Power Electronics
13.11.4. RESEARCH & EDUCATION
13.11.5. Others
13.12. Mexico Hardware in the Loop Market (HIL) Forecast, by Product type
13.12.1. Open loop HIL
13.12.2. Close loop HIL
13.13. Rest of South America Hardware in the Loop Market (HIL) Forecast, by Application
13.13.1. Automotive
13.13.2. Aerospace
13.13.3. Power Electronics
13.13.4. RESEARCH & EDUCATION
13.13.5. Others
13.14. Rest of South America Hardware in the Loop Market (HIL) Forecast, by Product type
13.14.1. Open loop HIL
13.14.2. Close loop HIL
13.15. South America Hardware in the Loop Market (HIL) Attractiveness Analysis
13.15.1. by Application
13.15.2. by Product type
13.16. PEST Analysis
13.17. Key Trends
13.18. Key Developments

14. Competitive Landscape
14.1. Market Share Analysis, by Key Players
14.2. Competition Matrix
14.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
14.2.2. Market Consolidation
14.2.2.1. M&A by regions, investment, applications
M&A Key Players, forward integration, backward integration
14.3. Company Profiles: Key Player
14.3.1. Typhoon Hil, Inc.
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Business Strategy
14.3.1.4. Recent Developments
14.3.1.5. Manufacturing Footprint
14.3.2. Airbus Group SE
14.3.3. Robert Bosch Engineering
14.3.4. Business Solutions Pvt. Ltd.
14.3.5. National Instruments Corp.
14.3.6. Speedgoat GmbH
14.3.7. Honda Aircraft Company
14.3.8. Aegis Technologies Group, Inc.
14.3.9. Siemens Plm Software, Inc.
14.3.10. Embraer S.A.
14.3.11. Dspace GmbH
14.3.12. Opal-RT Technologies, Inc.
14.3.13. pg Automotive GmbH

15. Primary Key Insights
  • INQUIRE BEFORE BUYING