The global Hardware in the Loop market size is predicted to grow from US$ 761 million in 2025 to US$ 1094 million in 2031; it is expected to grow at a CAGR of 6.2% from 2025 to 2031.
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 major players in global hardware in the loop market include dSpace GmbH, National Instruments, Vector Informatik, etc. The top 2 players occupy about 50% shares of the global market. Europe and North America are main markets, they occupy over 60% of the global market.
The 鈥淗ardware in the Loop Industry Forecast鈥� looks at past sales and reviews total world Hardware in the Loop sales in 2024, providing a comprehensive analysis by region and market sector of projected Hardware in the Loop sales for 2025 through 2031. With Hardware in the Loop 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 industry.
This Insight Report provides a comprehensive analysis of the global Hardware in the Loop 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 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 market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hardware in the Loop 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.
This report presents a comprehensive overview, market shares, and growth opportunities of Hardware in the Loop market by product type, application, key players and key regions and countries.
Segmentation by Type:
Closed Loop HIL
Open Loop HIL
Segmentation by Application:
Automotive
Aerospace & Defense
Power Electronics
Research & Education
Oil & Gas
Industrial Equipment
Industrial Components
Others
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
Aegis Technologies
HiRain Technologies
Opal-RT Technologies
Eontronix
Typhoon HIL
LHP Engineering Solutions
Speedgoat GmbH
Wineman Technology (Genuen)
Modeling Tech
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 Market Size (2020-2031)
2.1.2 Hardware in the Loop Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for Hardware in the Loop by Country/Region (2020, 2024 & 2031)
2.2 Hardware in the Loop Segment by Type
2.2.1 Closed Loop HIL
2.2.2 Open Loop HIL
2.3 Hardware in the Loop Market Size by Type
2.3.1 Hardware in the Loop Market Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global Hardware in the Loop Market Size Market Share by Type (2020-2025)
2.4 Hardware in the Loop Segment by Application
2.4.1 Automotive
2.4.2 Aerospace & Defense
2.4.3 Power Electronics
2.4.4 Research & Education
2.4.5 Oil & Gas
2.4.6 Industrial Equipment
2.4.7 Industrial Components
2.4.8 Others
2.5 Hardware in the Loop Market Size by Application
2.5.1 Hardware in the Loop Market Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global Hardware in the Loop Market Size Market Share by Application (2020-2025)
3 Hardware in the Loop Market Size by Player
3.1 Hardware in the Loop Market Size Market Share by Player
3.1.1 Global Hardware in the Loop Revenue by Player (2020-2025)
3.1.2 Global Hardware in the Loop Revenue Market Share by Player (2020-2025)
3.2 Global Hardware in the Loop 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 by Region
4.1 Hardware in the Loop Market Size by Region (2020-2025)
4.2 Global Hardware in the Loop Annual Revenue by Country/Region (2020-2025)
4.3 Americas Hardware in the Loop Market Size Growth (2020-2025)
4.4 APAC Hardware in the Loop Market Size Growth (2020-2025)
4.5 Europe Hardware in the Loop Market Size Growth (2020-2025)
4.6 Middle East & Africa Hardware in the Loop Market Size Growth (2020-2025)
5 Americas
5.1 Americas Hardware in the Loop Market Size by Country (2020-2025)
5.2 Americas Hardware in the Loop Market Size by Type (2020-2025)
5.3 Americas Hardware in the Loop 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 Market Size by Region (2020-2025)
6.2 APAC Hardware in the Loop Market Size by Type (2020-2025)
6.3 APAC Hardware in the Loop 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 Market Size by Country (2020-2025)
7.2 Europe Hardware in the Loop Market Size by Type (2020-2025)
7.3 Europe Hardware in the Loop 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 by Region (2020-2025)
8.2 Middle East & Africa Hardware in the Loop Market Size by Type (2020-2025)
8.3 Middle East & Africa Hardware in the Loop 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 Market Forecast
10.1 Global Hardware in the Loop Forecast by Region (2026-2031)
10.1.1 Global Hardware in the Loop Forecast by Region (2026-2031)
10.1.2 Americas Hardware in the Loop Forecast
10.1.3 APAC Hardware in the Loop Forecast
10.1.4 Europe Hardware in the Loop Forecast
10.1.5 Middle East & Africa Hardware in the Loop Forecast
10.2 Americas Hardware in the Loop Forecast by Country (2026-2031)
10.2.1 United States Market Hardware in the Loop Forecast
10.2.2 Canada Market Hardware in the Loop Forecast
10.2.3 Mexico Market Hardware in the Loop Forecast
10.2.4 Brazil Market Hardware in the Loop Forecast
10.3 APAC Hardware in the Loop Forecast by Region (2026-2031)
10.3.1 China Hardware in the Loop Market Forecast
10.3.2 Japan Market Hardware in the Loop Forecast
10.3.3 Korea Market Hardware in the Loop Forecast
10.3.4 Southeast Asia Market Hardware in the Loop Forecast
10.3.5 India Market Hardware in the Loop Forecast
10.3.6 Australia Market Hardware in the Loop Forecast
10.4 Europe Hardware in the Loop Forecast by Country (2026-2031)
10.4.1 Germany Market Hardware in the Loop Forecast
10.4.2 France Market Hardware in the Loop Forecast
10.4.3 UK Market Hardware in the Loop Forecast
10.4.4 Italy Market Hardware in the Loop Forecast
10.4.5 Russia Market Hardware in the Loop Forecast
10.5 Middle East & Africa Hardware in the Loop Forecast by Region (2026-2031)
10.5.1 Egypt Market Hardware in the Loop Forecast
10.5.2 South Africa Market Hardware in the Loop Forecast
10.5.3 Israel Market Hardware in the Loop Forecast
10.5.4 Turkey Market Hardware in the Loop Forecast
10.6 Global Hardware in the Loop Forecast by Type (2026-2031)
10.7 Global Hardware in the Loop Forecast by Application (2026-2031)
10.7.1 GCC Countries Market Hardware in the Loop 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 Product Offered
11.1.3 dSpace GmbH Hardware in the Loop 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 Product Offered
11.2.3 National Instruments Hardware in the Loop 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 Product Offered
11.3.3 Vector Informatik Hardware in the Loop 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 Product Offered
11.4.3 ETAS Hardware in the Loop 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 Product Offered
11.5.3 Ipg Automotive GmbH Hardware in the Loop 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 Product Offered
11.6.3 MicroNova AG Hardware in the Loop 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 Aegis Technologies
11.7.1 Aegis Technologies Company Information
11.7.2 Aegis Technologies Hardware in the Loop Product Offered
11.7.3 Aegis Technologies Hardware in the Loop Revenue, Gross Margin and Market Share (2020-2025)
11.7.4 Aegis Technologies Main Business Overview
11.7.5 Aegis Technologies Latest Developments
11.8 HiRain Technologies
11.8.1 HiRain Technologies Company Information
11.8.2 HiRain Technologies Hardware in the Loop Product Offered
11.8.3 HiRain Technologies Hardware in the Loop Revenue, Gross Margin and Market Share (2020-2025)
11.8.4 HiRain Technologies Main Business Overview
11.8.5 HiRain Technologies Latest Developments
11.9 Opal-RT Technologies
11.9.1 Opal-RT Technologies Company Information
11.9.2 Opal-RT Technologies Hardware in the Loop Product Offered
11.9.3 Opal-RT Technologies Hardware in the Loop Revenue, Gross Margin and Market Share (2020-2025)
11.9.4 Opal-RT Technologies Main Business Overview
11.9.5 Opal-RT Technologies Latest Developments
11.10 Eontronix
11.10.1 Eontronix Company Information
11.10.2 Eontronix Hardware in the Loop Product Offered
11.10.3 Eontronix Hardware in the Loop Revenue, Gross Margin and Market Share (2020-2025)
11.10.4 Eontronix Main Business Overview
11.10.5 Eontronix Latest Developments
11.11 Typhoon HIL
11.11.1 Typhoon HIL Company Information
11.11.2 Typhoon HIL Hardware in the Loop Product Offered
11.11.3 Typhoon HIL Hardware in the Loop 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 Product Offered
11.12.3 LHP Engineering Solutions Hardware in the Loop 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 Product Offered
11.13.3 Speedgoat GmbH Hardware in the Loop 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 Wineman Technology (Genuen)
11.14.1 Wineman Technology (Genuen) Company Information
11.14.2 Wineman Technology (Genuen) Hardware in the Loop Product Offered
11.14.3 Wineman Technology (Genuen) Hardware in the Loop Revenue, Gross Margin and Market Share (2020-2025)
11.14.4 Wineman Technology (Genuen) Main Business Overview
11.14.5 Wineman Technology (Genuen) Latest Developments
11.15 Modeling Tech
11.15.1 Modeling Tech Company Information
11.15.2 Modeling Tech Hardware in the Loop Product Offered
11.15.3 Modeling Tech Hardware in the Loop Revenue, Gross Margin and Market Share (2020-2025)
11.15.4 Modeling Tech Main Business Overview
11.15.5 Modeling Tech Latest Developments
12 Research Findings and Conclusion
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*If Applicable.