The global market for Hardware in the Loop was valued at US$ 778 million in the year 2024 and is projected to reach a revised size of US$ 1164 million by 2031, growing at a CAGR of 6.0% during the forecast period.
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.
This report aims to provide a comprehensive presentation of the global market for Hardware in the Loop, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hardware in the Loop.
The Hardware in the Loop market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Hardware in the Loop market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Hardware in the Loop companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Closed Loop HIL
Open Loop HIL
Segment by Application
Automotive
Aerospace & Defense
Power Electronics
Research & Education
Oil & Gas
Industrial Equipment
Industrial Components
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Hardware in the Loop company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Hardware in the Loop Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Closed Loop HIL
1.2.3 Open Loop HIL
1.3 Market by Application
1.3.1 Global Hardware in the Loop Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Automotive
1.3.3 Aerospace & Defense
1.3.4 Power Electronics
1.3.5 Research & Education
1.3.6 Oil & Gas
1.3.7 Industrial Equipment
1.3.8 Industrial Components
1.3.9 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Hardware in the Loop Market Perspective (2020-2031)
2.2 Global Hardware in the Loop Growth Trends by Region
2.2.1 Global Hardware in the Loop Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Hardware in the Loop Historic Market Size by Region (2020-2025)
2.2.3 Hardware in the Loop Forecasted Market Size by Region (2026-2031)
2.3 Hardware in the Loop Market Dynamics
2.3.1 Hardware in the Loop Industry Trends
2.3.2 Hardware in the Loop Market Drivers
2.3.3 Hardware in the Loop Market Challenges
2.3.4 Hardware in the Loop Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Hardware in the Loop Players by Revenue
3.1.1 Global Top Hardware in the Loop Players by Revenue (2020-2025)
3.1.2 Global Hardware in the Loop Revenue Market Share by Players (2020-2025)
3.2 Global Hardware in the Loop Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Hardware in the Loop Revenue
3.4 Global Hardware in the Loop Market Concentration Ratio
3.4.1 Global Hardware in the Loop Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Hardware in the Loop Revenue in 2024
3.5 Global Key Players of Hardware in the Loop Head office and Area Served
3.6 Global Key Players of Hardware in the Loop, Product and Application
3.7 Global Key Players of Hardware in the Loop, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Hardware in the Loop Breakdown Data by Type
4.1 Global Hardware in the Loop Historic Market Size by Type (2020-2025)
4.2 Global Hardware in the Loop Forecasted Market Size by Type (2026-2031)
5 Hardware in the Loop Breakdown Data by Application
5.1 Global Hardware in the Loop Historic Market Size by Application (2020-2025)
5.2 Global Hardware in the Loop Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Hardware in the Loop Market Size (2020-2031)
6.2 North America Hardware in the Loop Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Hardware in the Loop Market Size by Country (2020-2025)
6.4 North America Hardware in the Loop Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Hardware in the Loop Market Size (2020-2031)
7.2 Europe Hardware in the Loop Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Hardware in the Loop Market Size by Country (2020-2025)
7.4 Europe Hardware in the Loop Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Hardware in the Loop Market Size (2020-2031)
8.2 Asia-Pacific Hardware in the Loop Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Hardware in the Loop Market Size by Region (2020-2025)
8.4 Asia-Pacific Hardware in the Loop Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Hardware in the Loop Market Size (2020-2031)
9.2 Latin America Hardware in the Loop Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Hardware in the Loop Market Size by Country (2020-2025)
9.4 Latin America Hardware in the Loop Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Hardware in the Loop Market Size (2020-2031)
10.2 Middle East & Africa Hardware in the Loop Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Hardware in the Loop Market Size by Country (2020-2025)
10.4 Middle East & Africa Hardware in the Loop Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 dSpace GmbH
11.1.1 dSpace GmbH Company Details
11.1.2 dSpace GmbH Business Overview
11.1.3 dSpace GmbH Hardware in the Loop Introduction
11.1.4 dSpace GmbH Revenue in Hardware in the Loop Business (2020-2025)
11.1.5 dSpace GmbH Recent Development
11.2 National Instruments
11.2.1 National Instruments Company Details
11.2.2 National Instruments Business Overview
11.2.3 National Instruments Hardware in the Loop Introduction
11.2.4 National Instruments Revenue in Hardware in the Loop Business (2020-2025)
11.2.5 National Instruments Recent Development
11.3 Vector Informatik
11.3.1 Vector Informatik Company Details
11.3.2 Vector Informatik Business Overview
11.3.3 Vector Informatik Hardware in the Loop Introduction
11.3.4 Vector Informatik Revenue in Hardware in the Loop Business (2020-2025)
11.3.5 Vector Informatik Recent Development
11.4 ETAS
11.4.1 ETAS Company Details
11.4.2 ETAS Business Overview
11.4.3 ETAS Hardware in the Loop Introduction
11.4.4 ETAS Revenue in Hardware in the Loop Business (2020-2025)
11.4.5 ETAS Recent Development
11.5 Ipg Automotive GmbH
11.5.1 Ipg Automotive GmbH Company Details
11.5.2 Ipg Automotive GmbH Business Overview
11.5.3 Ipg Automotive GmbH Hardware in the Loop Introduction
11.5.4 Ipg Automotive GmbH Revenue in Hardware in the Loop Business (2020-2025)
11.5.5 Ipg Automotive GmbH Recent Development
11.6 MicroNova AG
11.6.1 MicroNova AG Company Details
11.6.2 MicroNova AG Business Overview
11.6.3 MicroNova AG Hardware in the Loop Introduction
11.6.4 MicroNova AG Revenue in Hardware in the Loop Business (2020-2025)
11.6.5 MicroNova AG Recent Development
11.7 Aegis Technologies
11.7.1 Aegis Technologies Company Details
11.7.2 Aegis Technologies Business Overview
11.7.3 Aegis Technologies Hardware in the Loop Introduction
11.7.4 Aegis Technologies Revenue in Hardware in the Loop Business (2020-2025)
11.7.5 Aegis Technologies Recent Development
11.8 HiRain Technologies
11.8.1 HiRain Technologies Company Details
11.8.2 HiRain Technologies Business Overview
11.8.3 HiRain Technologies Hardware in the Loop Introduction
11.8.4 HiRain Technologies Revenue in Hardware in the Loop Business (2020-2025)
11.8.5 HiRain Technologies Recent Development
11.9 Opal-RT Technologies
11.9.1 Opal-RT Technologies Company Details
11.9.2 Opal-RT Technologies Business Overview
11.9.3 Opal-RT Technologies Hardware in the Loop Introduction
11.9.4 Opal-RT Technologies Revenue in Hardware in the Loop Business (2020-2025)
11.9.5 Opal-RT Technologies Recent Development
11.10 Eontronix
11.10.1 Eontronix Company Details
11.10.2 Eontronix Business Overview
11.10.3 Eontronix Hardware in the Loop Introduction
11.10.4 Eontronix Revenue in Hardware in the Loop Business (2020-2025)
11.10.5 Eontronix Recent Development
11.11 Typhoon HIL
11.11.1 Typhoon HIL Company Details
11.11.2 Typhoon HIL Business Overview
11.11.3 Typhoon HIL Hardware in the Loop Introduction
11.11.4 Typhoon HIL Revenue in Hardware in the Loop Business (2020-2025)
11.11.5 Typhoon HIL Recent Development
11.12 LHP Engineering Solutions
11.12.1 LHP Engineering Solutions Company Details
11.12.2 LHP Engineering Solutions Business Overview
11.12.3 LHP Engineering Solutions Hardware in the Loop Introduction
11.12.4 LHP Engineering Solutions Revenue in Hardware in the Loop Business (2020-2025)
11.12.5 LHP Engineering Solutions Recent Development
11.13 Speedgoat GmbH
11.13.1 Speedgoat GmbH Company Details
11.13.2 Speedgoat GmbH Business Overview
11.13.3 Speedgoat GmbH Hardware in the Loop Introduction
11.13.4 Speedgoat GmbH Revenue in Hardware in the Loop Business (2020-2025)
11.13.5 Speedgoat GmbH Recent Development
11.14 Wineman Technology (Genuen)
11.14.1 Wineman Technology (Genuen) Company Details
11.14.2 Wineman Technology (Genuen) Business Overview
11.14.3 Wineman Technology (Genuen) Hardware in the Loop Introduction
11.14.4 Wineman Technology (Genuen) Revenue in Hardware in the Loop Business (2020-2025)
11.14.5 Wineman Technology (Genuen) Recent Development
11.15 Modeling Tech
11.15.1 Modeling Tech Company Details
11.15.2 Modeling Tech Business Overview
11.15.3 Modeling Tech Hardware in the Loop Introduction
11.15.4 Modeling Tech Revenue in Hardware in the Loop Business (2020-2025)
11.15.5 Modeling Tech Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
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
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*If Applicable.
