North America Hardware-In-The-Loop (HIL) Market Size By Type (Open Loop, Closed Loop), By Vertical (Automobile, Aerospace, Research & Education), By Geographic Scope And Forecast
Published Date: July - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
North America Hardware-In-The-Loop (HIL) Market Size By Type (Open Loop, Closed Loop), By Vertical (Automobile, Aerospace, Research & Education), By Geographic Scope And Forecast
North America Hardware-In-The-Loop (HIL) Market Size And Forecast
North America Hardware-In-The-Loop (HIL) Market size was valued at USD 323.36 Million in 2024 and is projected to reach USD 653.09 Million by 2031,growing at a CAGR of 10.82% from 2024 to 2031.
HIL systems are widely utilized in sectors like automotive, aerospace, and industrial automation for creating and testing electronic control units (ECUs), sensors, actuators, and other components. The North America Hardware-In-The-Loop (HIL) Market has grown and evolved significantly in recent years, owing to technological breakthroughs, increased need for sophisticated system testing, and the rapid development of autonomous cars and aerospace applications. Hardware-in-the-Loop testing has become an essential part of product development and validation in a variety of industries, including automotive, aerospace, and defense.
North America Hardware-In-The-Loop (HIL) Market Definition
Hardware-in-the-Loop (HIL) is a simulation approach primarily used in engineering and system development to test and validate complex systems and components. Hardware-in-the-loop simulation is the industry standard for creating and testing the most sophisticated control, protection, and monitoring systems. The growth of HIL is the outcome of two primary challenges influencing product development across all sectors at the momenttime-to-market and system complexity. Hardware-in-the-loop (HIL) testing is an important approach in modern engineering and research, allowing for the validation and optimization of complex systems in a variety of sectors. Its capacity to bridge the gap between real hardware and virtual simulations allows for more cost-effective, safe, and thorough testing, resulting in the creation of more dependable and efficient products and systems.
Hardware-in-the-loop (HIL) is a complex and adaptable testing and validation technology utilized in a variety of sectors, most notably aerospace, automotive, and robotics. The process of modeling and assessing the performance of a real physical system or component by integrating it with a computerised simulation environment is known as HIL testing. Engineers and researchers may use this approach to test and fine-tune the behavior of complex systems in a controlled and repeatable way, ensuring that they match design criteria and perform reliably before deployment.
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North America Hardware-In-The-Loop (HIL) Market Overview
Hardware-in-the-Loop (HIL) is a testing approach used in a variety of sectors to evaluate and verify the functioning of complex systems. It entails linking a physical system or component (hardware) to a simulated environment (software) in order to test and assess the hardware’s real-world operation in a controlled and repeatable manner. HIL systems are widely utilized in sectors like as automotive, aerospace, and industrial automation for creating and testing electronic control units (ECUs), sensors, actuators, and other components. The North American Hardware-in-the-Loop (HIL) market has grown and evolved significantly in recent years, owing to technological breakthroughs, increased need for sophisticated system testing, and the rapid development of autonomous cars and aerospace applications.
Hardware-in-the-Loop testing has become an essential part of product development and validation in a variety of industries, including automotive, aerospace, and defense. The growing complexity of systems across a number of sectors is one of the main factors driving the North American HIL market. Comprehensive testing and validation are essential as goods grow increasingly complex and linked. Engineers may model and test complicated interactions using HIL technology, ensuring that systems function effectively and securely. More complicated systems have emerged as a result of technology’s ongoing advancements, notably in the automobile and aerospace sectors. The dependability and safety of these systems must be ensured by HIL testing, which is a key factor in market expansion. In North America, the adoption of HIL technology is primarily driven by the automobile industry.
Automakers have made significant investments in HIL testing as a result of the complexity of automotive systems, such as ADAS and autonomous driving features, rising. HIL testing is essential for guaranteeing the safety and dependability of autonomous cars as they develop. The automobile industry’s transition to electric and autonomous cars has made vehicle systems more complicated. HIL testing is essential for confirming the reliability and security of these sophisticated systems. Automotive components such as ECUs, sensors, and controllers are extensively tested using HIL systems. They are crucial in the development and validation of autonomous vehicle systems. HIL simulations are used to test the functionality of aircraft and defense equipment’s avionics, control, and communication systems.
HIL testing is critical in the development and validation of power electronics systems to ensure efficiency and safety criteria are met. HIL testing has also been adopted by the aerospace and defense sectors to validate sophisticated avionics and control systems. HIL simulations aid in the verification of the performance of aviation systems and unmanned aerial vehicles (UAVs), ensuring that they meet demanding safety and quality criteria. The emphasis on renewable energy sources and grid modernization in the energy industry has created a demand for HIL testing to maintain the stability and efficiency of power systems. The market is constrained by high initial investment and a scarcity of experts with the essential skills to run and maintain HIL devices.
North America Hardware-In-The-Loop (HIL) MarketSegmentation Analysis
The North America Hardware-In-The-Loop (HIL) Market is segmented on the basis of Type, Vertical, and Geography.
North America Hardware-In-The-Loop (HIL) Market, By Type
Open Loop
Closed Loop
To Get a Summarized Market Report By Type-
Based on Type, The market is segmented into Open Loop and Closed Loop. The closed-loop segment is dominating the growth of the market. Closed-loop HIL systems may simulate complicated and dynamic scenarios that are similar to real-world operational circumstances. This realism is crucial for evaluating product functioning and performance, particularly in safety-sensitive sectors such as automotive and aerospace. Closed-loop HIL systems are very versatile and may be tailored to the unique requirements of many industries and projects. They may also be scaled up or down to meet your needs.
North America Hardware-In-The-Loop (HIL) Market, By Vertical
Automobile
Aerospace
Research & Education
Defense
Power Electronics
Oil and Gas
Others
Based on Vertical, The market is segmented into Automobile, Aerospace, Research & Education, Defense, Power Electronics, Oil and Gas, and Others. The automobile segment is dominating the growth of the market. The increased emphasis on vehicle safety is one of the key drivers of the HIL market in the automobile sector. The complexity of onboard electronic systems has expanded tremendously as vehicle technologies have advanced. These technologies, which include advanced driver assistance systems (ADAS) and autonomous driving capabilities, must go through extensive testing to guarantee they work perfectly in real-world circumstances. HIL testing creates a controlled environment for mimicking diverse driving circumstances, allowing manufacturers to examine and certify safety-critical equipment without putting people’s lives in danger.
North America Hardware-In-The-Loop (HIL) Market, By Geography
U.S.
Canada
Mexico
To Get a Summarized Market Report By Geography-
On the basis of Geography, The North America Hardware-In-The-Loop (HIL) Market is classified into U.S., Canada, and Mexico. In 2022, U.S. accounted the largest market share of the North American hardware-in-the-loop market due to its strong automotive and aerospace sectors, technical leadership, significant R&D investments, and adherence to regulatory compliance. HIL systems’ flexibility means that they have uses in a variety of industries, thus reinforcing their market presence. As industries continue to innovate and require more complex testing solutions, the United States is well-positioned to maintain its leadership in the North American HIL market.
Key Players
The “North America Hardware-In-The-Loop (HIL) Market” study report will provide valuable insight with an emphasis on the market. The major players in the market are Methodica Technologies, Acutronic USA Inc., Dspace Gmbh, Elektrobit, Genuen, IPG Automotive USA, Inc., LHP Inc., National Instruments Corp, Opal-Rt Technologies Inc., Plexim Inc., Robert Bosch Gmbh, Siemens Digital Industries Software, Speedgoat Inc., Typhoon Hill, Vector North America Inc., VI-Grade, Konrad Technologies.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Key Developments
In July 2023, a technology relationship has been established between dSPACE and FEV, a world-renowned engineering company for the automotive sector. In order to supply customers in the automotive industry with power HIL test benches that are completely integrated into test centers, the two firms have formed a partnership agreement.
In October 2022, The latest solution from National Instruments Corp for autonomous driving (AD) and advanced driver assistance systems (ADAS) is a unified test system architecture that allows users to switch between hardware-in-the-loop (HIL) testing and data replay iteratively.
In May 2022, with SensInject, the company’s hardware lineup was broadened. SensInject’s platform will expand its hardware selection by adding a new product to inject data from sources like as cameras, radar, and lidar.
In August 2020, a Joint Study Agreement (JSA) has been signed by Pertamina Power NORTH AMERICA (Pertamina NRE), Keppel Infrastructure (Keppel New Energy Pte. Ltd.), and Chevron Corporation (Chevron New Energies) to investigate the development of specific green hydrogen and green ammonia projects using renewable energy, primarily in Sumatera, NORTH AMERICA
Report Scope
Report Attributes
Details
Study Period
2021-2031
Base Year
2024
Forecast Period
2024-2031
Historical Period
2021-2023
Unit
Value (USD Million)
Key Companies Profiled
Methodica Technologies, Acutronic USA Inc., Dspace Gmbh, Elektrobit, Genuen, IPG Automotive USA, Inc., LHP Inc., National Instruments Corp.
Segments Covered
By Type
By Vertical
By Geography
Customization scope
Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
Research Methodology of Market Research
Table of Content
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List Tables Figures
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