The global Hardware-in-the-Loop (HIL) Simulation market size is predicted to grow from US$ 881 million in 2025 to US$ 1295 million in 2031; it is expected to grow at a CAGR of 6.6% from 2025 to 2031.
Global key players of hardware-in-the-loop (HIL) simulation include National Instruments, Vector Informatik, ETAS, Ipg Automotive GmbH and MicroNova AG, etc. Top 2 player occupy for a share about 45%. Europe is the largest market, with a share about 35%, followed by North America and China. In terms of product, system is the largest segment, with a share over 85%. In terms of application, automobile is the largest market, with a share over 70%.
The 鈥淗ardware-in-the-Loop (HIL) Simulation Industry Forecast鈥� looks at past sales and reviews total world Hardware-in-the-Loop (HIL) Simulation sales in 2024, providing a comprehensive analysis by region and market sector of projected Hardware-in-the-Loop (HIL) Simulation sales for 2025 through 2031. With Hardware-in-the-Loop (HIL) Simulation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hardware-in-the-Loop (HIL) Simulation industry.
This Insight Report provides a comprehensive analysis of the global Hardware-in-the-Loop (HIL) Simulation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Hardware-in-the-Loop (HIL) Simulation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Hardware-in-the-Loop (HIL) Simulation market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hardware-in-the-Loop (HIL) Simulation and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hardware-in-the-Loop (HIL) Simulation.
This report presents a comprehensive overview, market shares, and growth opportunities of Hardware-in-the-Loop (HIL) Simulation market by product type, application, key players and key regions and countries.
Segmentation by Type:
System
Service
Segmentation by Application:
Automobile
Aerospace
Electronic Power
Scientific Research and Education
Other Industries
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
dSpace GmbH
National Instruments
Vector Informatik
ETAS
Ipg Automotive GmbH
MicroNova AG
HiRain Technologies
Opal-RT Technologies
Shanghai KeLiang InformationTechnology Co., Ltd.
EON
Typhoon HIL
LHP Engineering Solutions
Speedgoat GmbH
Beijing Jiuzhou Huahai Technologies Co. Ltd.
Wineman Technology (Genuen)
ModelingTech Energy Technology Co., Ltd.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Hardware-in-the-Loop (HIL) Simulation Market Size (2020-2031)
2.1.2 Hardware-in-the-Loop (HIL) Simulation Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for Hardware-in-the-Loop (HIL) Simulation by Country/Region (2020, 2024 & 2031)
2.2 Hardware-in-the-Loop (HIL) Simulation Segment by Type
2.2.1 System
2.2.2 Service
2.3 Hardware-in-the-Loop (HIL) Simulation Market Size by Type
2.3.1 Hardware-in-the-Loop (HIL) Simulation Market Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global Hardware-in-the-Loop (HIL) Simulation Market Size Market Share by Type (2020-2025)
2.4 Hardware-in-the-Loop (HIL) Simulation Segment by Application
2.4.1 Automobile
2.4.2 Aerospace
2.4.3 Electronic Power
2.4.4 Scientific Research and Education
2.4.5 Other Industries
2.5 Hardware-in-the-Loop (HIL) Simulation Market Size by Application
2.5.1 Hardware-in-the-Loop (HIL) Simulation Market Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global Hardware-in-the-Loop (HIL) Simulation Market Size Market Share by Application (2020-2025)
3 Hardware-in-the-Loop (HIL) Simulation Market Size by Player
3.1 Hardware-in-the-Loop (HIL) Simulation Market Size Market Share by Player
3.1.1 Global Hardware-in-the-Loop (HIL) Simulation Revenue by Player (2020-2025)
3.1.2 Global Hardware-in-the-Loop (HIL) Simulation Revenue Market Share by Player (2020-2025)
3.2 Global Hardware-in-the-Loop (HIL) Simulation Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Hardware-in-the-Loop (HIL) Simulation by Region
4.1 Hardware-in-the-Loop (HIL) Simulation Market Size by Region (2020-2025)
4.2 Global Hardware-in-the-Loop (HIL) Simulation Annual Revenue by Country/Region (2020-2025)
4.3 Americas Hardware-in-the-Loop (HIL) Simulation Market Size Growth (2020-2025)
4.4 APAC Hardware-in-the-Loop (HIL) Simulation Market Size Growth (2020-2025)
4.5 Europe Hardware-in-the-Loop (HIL) Simulation Market Size Growth (2020-2025)
4.6 Middle East & Africa Hardware-in-the-Loop (HIL) Simulation Market Size Growth (2020-2025)
5 Americas
5.1 Americas Hardware-in-the-Loop (HIL) Simulation Market Size by Country (2020-2025)
5.2 Americas Hardware-in-the-Loop (HIL) Simulation Market Size by Type (2020-2025)
5.3 Americas Hardware-in-the-Loop (HIL) Simulation Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Hardware-in-the-Loop (HIL) Simulation Market Size by Region (2020-2025)
6.2 APAC Hardware-in-the-Loop (HIL) Simulation Market Size by Type (2020-2025)
6.3 APAC Hardware-in-the-Loop (HIL) Simulation Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Hardware-in-the-Loop (HIL) Simulation Market Size by Country (2020-2025)
7.2 Europe Hardware-in-the-Loop (HIL) Simulation Market Size by Type (2020-2025)
7.3 Europe Hardware-in-the-Loop (HIL) Simulation Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Hardware-in-the-Loop (HIL) Simulation by Region (2020-2025)
8.2 Middle East & Africa Hardware-in-the-Loop (HIL) Simulation Market Size by Type (2020-2025)
8.3 Middle East & Africa Hardware-in-the-Loop (HIL) Simulation Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Hardware-in-the-Loop (HIL) Simulation Market Forecast
10.1 Global Hardware-in-the-Loop (HIL) Simulation Forecast by Region (2026-2031)
10.1.1 Global Hardware-in-the-Loop (HIL) Simulation Forecast by Region (2026-2031)
10.1.2 Americas Hardware-in-the-Loop (HIL) Simulation Forecast
10.1.3 APAC Hardware-in-the-Loop (HIL) Simulation Forecast
10.1.4 Europe Hardware-in-the-Loop (HIL) Simulation Forecast
10.1.5 Middle East & Africa Hardware-in-the-Loop (HIL) Simulation Forecast
10.2 Americas Hardware-in-the-Loop (HIL) Simulation Forecast by Country (2026-2031)
10.2.1 United States Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.2.2 Canada Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.2.3 Mexico Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.2.4 Brazil Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.3 APAC Hardware-in-the-Loop (HIL) Simulation Forecast by Region (2026-2031)
10.3.1 China Hardware-in-the-Loop (HIL) Simulation Market Forecast
10.3.2 Japan Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.3.3 Korea Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.3.4 Southeast Asia Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.3.5 India Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.3.6 Australia Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.4 Europe Hardware-in-the-Loop (HIL) Simulation Forecast by Country (2026-2031)
10.4.1 Germany Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.4.2 France Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.4.3 UK Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.4.4 Italy Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.4.5 Russia Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.5 Middle East & Africa Hardware-in-the-Loop (HIL) Simulation Forecast by Region (2026-2031)
10.5.1 Egypt Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.5.2 South Africa Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.5.3 Israel Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.5.4 Turkey Market Hardware-in-the-Loop (HIL) Simulation Forecast
10.6 Global Hardware-in-the-Loop (HIL) Simulation Forecast by Type (2026-2031)
10.7 Global Hardware-in-the-Loop (HIL) Simulation Forecast by Application (2026-2031)
10.7.1 GCC Countries Market Hardware-in-the-Loop (HIL) Simulation Forecast
11 Key Players Analysis
11.1 dSpace GmbH
11.1.1 dSpace GmbH Company Information
11.1.2 dSpace GmbH Hardware-in-the-Loop (HIL) Simulation Product Offered
11.1.3 dSpace GmbH Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.1.4 dSpace GmbH Main Business Overview
11.1.5 dSpace GmbH Latest Developments
11.2 National Instruments
11.2.1 National Instruments Company Information
11.2.2 National Instruments Hardware-in-the-Loop (HIL) Simulation Product Offered
11.2.3 National Instruments Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.2.4 National Instruments Main Business Overview
11.2.5 National Instruments Latest Developments
11.3 Vector Informatik
11.3.1 Vector Informatik Company Information
11.3.2 Vector Informatik Hardware-in-the-Loop (HIL) Simulation Product Offered
11.3.3 Vector Informatik Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.3.4 Vector Informatik Main Business Overview
11.3.5 Vector Informatik Latest Developments
11.4 ETAS
11.4.1 ETAS Company Information
11.4.2 ETAS Hardware-in-the-Loop (HIL) Simulation Product Offered
11.4.3 ETAS Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.4.4 ETAS Main Business Overview
11.4.5 ETAS Latest Developments
11.5 Ipg Automotive GmbH
11.5.1 Ipg Automotive GmbH Company Information
11.5.2 Ipg Automotive GmbH Hardware-in-the-Loop (HIL) Simulation Product Offered
11.5.3 Ipg Automotive GmbH Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.5.4 Ipg Automotive GmbH Main Business Overview
11.5.5 Ipg Automotive GmbH Latest Developments
11.6 MicroNova AG
11.6.1 MicroNova AG Company Information
11.6.2 MicroNova AG Hardware-in-the-Loop (HIL) Simulation Product Offered
11.6.3 MicroNova AG Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.6.4 MicroNova AG Main Business Overview
11.6.5 MicroNova AG Latest Developments
11.7 HiRain Technologies
11.7.1 HiRain Technologies Company Information
11.7.2 HiRain Technologies Hardware-in-the-Loop (HIL) Simulation Product Offered
11.7.3 HiRain Technologies Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.7.4 HiRain Technologies Main Business Overview
11.7.5 HiRain Technologies Latest Developments
11.8 Opal-RT Technologies
11.8.1 Opal-RT Technologies Company Information
11.8.2 Opal-RT Technologies Hardware-in-the-Loop (HIL) Simulation Product Offered
11.8.3 Opal-RT Technologies Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.8.4 Opal-RT Technologies Main Business Overview
11.8.5 Opal-RT Technologies Latest Developments
11.9 Shanghai KeLiang InformationTechnology Co., Ltd.
11.9.1 Shanghai KeLiang InformationTechnology Co., Ltd. Company Information
11.9.2 Shanghai KeLiang InformationTechnology Co., Ltd. Hardware-in-the-Loop (HIL) Simulation Product Offered
11.9.3 Shanghai KeLiang InformationTechnology Co., Ltd. Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.9.4 Shanghai KeLiang InformationTechnology Co., Ltd. Main Business Overview
11.9.5 Shanghai KeLiang InformationTechnology Co., Ltd. Latest Developments
11.10 EON
11.10.1 EON Company Information
11.10.2 EON Hardware-in-the-Loop (HIL) Simulation Product Offered
11.10.3 EON Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.10.4 EON Main Business Overview
11.10.5 EON Latest Developments
11.11 Typhoon HIL
11.11.1 Typhoon HIL Company Information
11.11.2 Typhoon HIL Hardware-in-the-Loop (HIL) Simulation Product Offered
11.11.3 Typhoon HIL Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.11.4 Typhoon HIL Main Business Overview
11.11.5 Typhoon HIL Latest Developments
11.12 LHP Engineering Solutions
11.12.1 LHP Engineering Solutions Company Information
11.12.2 LHP Engineering Solutions Hardware-in-the-Loop (HIL) Simulation Product Offered
11.12.3 LHP Engineering Solutions Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.12.4 LHP Engineering Solutions Main Business Overview
11.12.5 LHP Engineering Solutions Latest Developments
11.13 Speedgoat GmbH
11.13.1 Speedgoat GmbH Company Information
11.13.2 Speedgoat GmbH Hardware-in-the-Loop (HIL) Simulation Product Offered
11.13.3 Speedgoat GmbH Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.13.4 Speedgoat GmbH Main Business Overview
11.13.5 Speedgoat GmbH Latest Developments
11.14 Beijing Jiuzhou Huahai Technologies Co. Ltd.
11.14.1 Beijing Jiuzhou Huahai Technologies Co. Ltd. Company Information
11.14.2 Beijing Jiuzhou Huahai Technologies Co. Ltd. Hardware-in-the-Loop (HIL) Simulation Product Offered
11.14.3 Beijing Jiuzhou Huahai Technologies Co. Ltd. Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.14.4 Beijing Jiuzhou Huahai Technologies Co. Ltd. Main Business Overview
11.14.5 Beijing Jiuzhou Huahai Technologies Co. Ltd. Latest Developments
11.15 Wineman Technology (Genuen)
11.15.1 Wineman Technology (Genuen) Company Information
11.15.2 Wineman Technology (Genuen) Hardware-in-the-Loop (HIL) Simulation Product Offered
11.15.3 Wineman Technology (Genuen) Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.15.4 Wineman Technology (Genuen) Main Business Overview
11.15.5 Wineman Technology (Genuen) Latest Developments
11.16 ModelingTech Energy Technology Co., Ltd.
11.16.1 ModelingTech Energy Technology Co., Ltd. Company Information
11.16.2 ModelingTech Energy Technology Co., Ltd. Hardware-in-the-Loop (HIL) Simulation Product Offered
11.16.3 ModelingTech Energy Technology Co., Ltd. Hardware-in-the-Loop (HIL) Simulation Revenue, Gross Margin and Market Share (2020-2025)
11.16.4 ModelingTech Energy Technology Co., Ltd. Main Business Overview
11.16.5 ModelingTech Energy Technology Co., Ltd. Latest Developments
12 Research Findings and Conclusion
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*If Applicable.
