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Hardware in the Loop Market worth $1,784.4 million by 2030 - Exclusive Report by MarketsandMarkets™

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MarketsandMarkets

29 Apr, 2025, 14:01 GMT

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DELRAY BEACH, Fla., April 29, 2025 /PRNewswire/ -- The hardware in the loop market is estimated to be valued at USD 1100.8 million in 2025 and is projected to reach USD 1,784.4 million by 2030, growing at a CAGR of 10.1% from 2025 to 2030 according to a new report by MarketsandMarkets™. The growth of this market can be attributed to the adoption in new application areas such as power electronics and industrial robotics and technological advancements in electric and autonomous vehicles. An increasing trend of software-defined vehicle systems is leading to frequent use of HIL systems for continuous software integration and testing. The growth of Industry 4.0 and smart manufacturing is creating demand for HIL within robotics and industrial automation. The demand for economic evaluation of renewable energy systems and grid-connected inverters will also accelerate the market growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11343527

Browse in-depth TOC on "Hardware in the Loop Market" 
200 – Tables
60 – Figures
230 – Pages

Hardware in the Loop Market Report Scope:

Report Coverage

Details

Market Revenue in 2025

$ 1100.8 million

Estimated Value by 2030

$ 1,784.4 million

Growth Rate

Poised to grow at a CAGR of 10.1%

Market Size Available for

2023–2030

Forecast Period

2025–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, Type, Vertical and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Reluctance to invest

Key Market Opportunities

Adoption in new application areas such as power electronics and industrial robotics

Key Market Drivers

Faster product development with early stages of testing using hardware in the loop

Automobile vertical to have largest market size during forecast period.

The automobile sector is expected to be the largest segment of the hardware-in-the-loop (HIL) market, as the complexity of modern vehicles increases, particularly due to electric drivetrains, advanced driver assistance systems (ADAS), and autonomous driving. HIL is critical to the rapid development, testing, and verification of electronic control units (ECUs) central to these developments. Automakers use HIL to reduce development cycles, verify functionality, and withstand rigorous safety and compliance audits. With the industry rapidly moving towards software-defined and connected vehicles, the need for reliable and scalable HIL platforms continues to accelerate.

Hardware segment expected to have largest market size during the forecast period.

Hardware like authentic sensors, actuators, and control units connect seamlessly with testing systems. It is poised to be the predominant offering in the HIL market, providing more authentic operational testing environments. Several industries prefer a dedicated hardware setup based on reliability and durability in testing and the capacity for high-speed, real-time simulations without latency. As the needs of testing continue to shift toward application testing needs, the use of customized hardware configurations will naturally evolve. The trend of hardware as a market offering will be fueled by continued advancements in compact and modular hardware systems that can scale across various testing environments.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=11343527

China to be largest market for hardware in the loop in Asia Pacific.

With its powerful automotive industry and heavy investment in electric vehicle (EV) production, China is expected to account for the largest share of the hardware-in-the-loop (HIL) industry in the Asia Pacific Region. In March 2022, BAIC Motor and Hyundai secured a joint venture by investing USD 942 million in the construction of a new EV manufacturing facility in China. This exemplifies China's determination to advance automotive technologies. This expansion will require further testing solutions like HIL systems for electronic control units (ECUs). Thus, China's focus on EV development and automotive advancement will make the country a powerful market force in the regional HIL market.

The report profiles key players in hardware-in-the-loop (HIL) companies such as dSPACE GmbH (Germany), Emerson Electric Co. (US), Vector Informatic GmbH (Germany), Elektrobit (Germany), OPAL-RT Technologies (Canada), Speedgoat GmbH (Switzerland), Robert Bosch GmbH (Germany), IPG Automotive GmbH (Germany), Acutronic Holding AG (Switzerland), Plexim GmbH (Switzerland), and Konrad GmbH (Germany).

Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=11343527

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Industrial Robotics Market by Robot (Articulated, SCARA, Cartesian, Parallel, Cylindrical, Collaborative), Payload (up to 16 kg, >16 to 60 kg, >60 to 225 kg, >225 kg), Offering (End Effectors, Controllers, Drive Units, Sensors) - Global Forecast to 2029

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar

MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/hardware-loop-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/hardware-loop.asp

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