Global Hardware in the Loop Market Report, History and Forecast 2015-2026, Breakdown Data by Companies, Key Regions, Types and Application

Hardware-in-the-loop (HIL) technique is used to analyze complex real-time embedded systems. The HIL system provides an effective platform which for reduce the complexity of the plant and control the test platform. HIL technology offers high-quality output and reduces the cost involved and time needed. Hence, it is widely preferred in many applications such as Aerospace & Defense, automotive, and others. Automotive sector adopts ECUs technology in accordance to meet various industry standards. Electronic companies use HIL technique in various applications such as nuclear power plant Chassis Systems, wind turbine generators, developing and testing of electronic grids, photovoltaic inverter, and so on.
The hardware in the loop includes two types: Closed Loop HIL and Open Loop HIL. As of 2019, Closed Loop HIL segment dominates the market contributing more than 87.6% of the total market hardware in the loop is major applied in Automotive, Aerospace, Power Electronics, Research & Education and others, in 2019, demand for automotive industry occupied the largest market, with 61.6% share, reach to 419.26 million dollars.
The hardware in the loop market is relative concentrated market; key players include dSpace GmbH, National Instruments, Vector Informatik, Siemens, Robert Bosch Engineering, Ipg Automotive GmbH, MicroNova AG, Opal-RT Technologies, LHP Engineering Solutions, Aegis Technologies, Typhoon HIL, Speedgoat GmbH, Modeling Tech, Eontronix and Wineman Technology the revenue of top five manufacturers’ accounts about 63.7% of the total revenue, in 2019. The high-end products mainly come from Europe and North America.

Market Analysis and Insights: Global Hardware in the Loop Market
The research report studies the Hardware in the Loop market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Hardware in the Loop market size is projected to reach US$ 905.7 million by 2026, from US$ 667 million in 2020, at a CAGR of 5.2% during 2021-2026.

Global Hardware in the Loop Scope and Segment
The global Hardware in the Loop market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Hardware in the Loop market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.

Segment by Type, the Hardware in the Loop market is segmented into
Closed Loop HIL
Open Loop HIL
As of 2019, closed loop HIL segment dominates the market contributing more than 85% of the total market.

Segment by Application, the Hardware in the Loop market is segmented into
Automotive
Aerospace & Defense
Power Electronics
Research & Education
Oil & Gas
Industrial Equipment
Industrial Components
Other
In 2019, demand for automotive industry occupied the largest market, with 59.12% share.

Global Hardware in the Loop market: regional analysis, the major regions covered in the report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.

The major vendors covered:
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