“The hardware in the loop market is expected to grow at a CAGR of 9.37% between 2015 and 2020. The increasing complexity in designing of embedded systems as well as testing it, and shortened time to market are the major drivers for the hardware in the loop market. Besides this, the HIL testing technique helps in improving the output with less time & cost investment and without damaging equipment or endangering lives. This factor is also fueling the growth of the hardware in the loop market.
The market for power electronics expected to grow at the highest CAGR
The hardware in the loop market in the power electronics sector is estimated to grow at a high CAGR during the forecast period. This is mainly due to the growing awareness about the advantages of HIL and the increasing use of hardware in the loop solutions for applications such as developing and testing of electronic grids, wind turbine generators, photovoltaic inverters, nuclear power plant control systems, and many more.
APAC expected to be the fastest-growing market
The market in APAC is expected to grow at a high CAGR between 2015 and 2020. The rapid growth of the automotive industry in this region, in addition to the growth of aerospace and power electronics sectors has contributed to the growth of the hardware in the loop market in the APAC region.
Breakdown of profile of primary participants:
• By Company Type: Tier 1 – 22 %, Tier 2 – 35% and Tier 3 – 43%
• By Designation: C level – 29%, Director level – 37%, Others – 34%
• By Region: North America – 39%, Europe – 31%, APAC – 21%, RoW – 9%
Key players in the market include Vector Informatik GmbH (Germany), National Instruments Corporation (U.S.), DSpace GmbH (Germany), Typhoon HIL, Inc. (U.S.), AEgis Technologies Group, Inc. (U.S.), Opal-RT Technologies, Inc. (Canada), Siemens PLM Software, Inc. (U.S.), Robert Bosch Engineering and Business Solutions Private Limited (India), IPG Automotive GmbH (Germany), and Speedgoat GmbH (Switzerland) among others.
Reasons to buy the report:
• This report includes the market statistics pertaining to vertical, and geography along with their respective revenue.
• The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the hardware in the loop market.
• Major drivers, restraints, challenges, and opportunities for the hardware in the loop market have been detailed in this report.
• Illustrative segmentation, analysis, and forecast for markets based on vertical, and geography has been conducted to give an overall view of the hardware in the loop market.
• A detailed competitive landscape includes key players, in-depth analysis, and revenue of key players.
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“TABLE OF CONTENTS
1 INTRODUCTION 11
1.1 OBJECTIVES OF THE STUDY 11
1.2 MARKET DEFINITION 11
1.3 MARKET SCOPE 12
1.3.1 YEAR CONSIDERED FOR THE STUDY 12
1.4 CURRENCY 13
1.5 STAKEHOLDERS 13
1.6 LIMITATIONS 13
2 RESEARCH METHODOLOGY 14
2.1 RESEARCH DATA 14
2.1.1 SECONDARY DATA 15
2.1.1.1 Key data from secondary sources 15
2.1.2 PRIMARY DATA 16
2.1.2.1 Breakdown of primary interviews 16
2.1.2.1.1 Key data from primary sources 17
2.2 MARKET SIZE ESTIMATION 18
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 20
2.3.1 ASSUMPTIONS 21
3 EXECUTIVE SUMMARY 22
4 PREMIUM INSIGHTS 27
4.1 ATTRACTIVE OPPORTUNITIES IN THE HARDWARE IN THE LOOP MARKET 27
4.2 HARDWARE IN THE LOOP MARKET, BY VERTICAL 28
4.3 HARDWARE IN THE LOOP MARKET, BY VERTICAL AND GEOGRAPHY 29
4.4 HARDWARE IN THE LOOP MARKET, BY GEOGRAPHY 30
5 MARKET OVERVIEW 32
5.1 INTRODUCTION 33
5.2 MARKET DYNAMICS 33
5.2.1 DRIVERS 34
5.2.1.1 Increasing complexity of embedded control systems 34
5.2.1.2 Decreasing time to market 34
5.2.1.3 Nondestructive testing 34
5.2.2 RESTRAINTS 35
5.2.2.1 Economic slowdown 35
5.2.3 OPPORTUNITIES 36
5.2.3.1 Adoption in new application areas such as power and industrial robotics 36
5.2.4 CHALLENGES 37
5.2.4.1 Complexity in creating real-time simulation 37
5.2.4.2 Reluctance to invest 37
6 INDUSTRY TRENDS 38
6.1 VALUE CHAIN ANALYSIS 38
6.2 PORTER’S FIVE FORCES MODEL 40
6.2.1 THREAT OF NEW ENTRANTS 41
6.2.2 THREAT OF SUBSTITUTES 42
6.2.3 BARGAINING POWER OF SUPPLIERS 43
6.2.4 BARGAINING POWER OF BUYERS 44
6.2.5 INTENSITY OF RIVALRY 45
7 HARDWARE IN THE LOOP MARKET, BY VERTICAL 46
7.1 INTRODUCTION 47
7.2 AUTOMOTIVE 49
7.3 AEROSPACE 52
7.4 DEFENSE 56
7.5 POWER ELECTRONICS 57
7.6 RESEARCH & EDUCATION 58
7.7 OTHERS 59
8 HARDWARE IN THE LOOP MARKET, BY GEOGRAPHY 60
8.1 INTRODUCTION 61
8.2 NORTH AMERICA 63
8.2.1 U.S. 66
8.2.2 CANADA 67
8.2.3 MEXICO 68
8.3 EUROPE 68
8.3.1 U.K. 71
8.3.2 GERMANY 72
8.3.3 FRANCE 73
8.4 ASIA-PACIFIC 73
8.4.1 JAPAN 76
8.4.2 CHINA 77
8.4.3 INDIA 78
8.5 REST OF THE WORLD 79
9 COMPETITIVE LANDSCAPE 80
9.1 OVERVIEW 80
9.2 MARKET RANKING ANALYSIS: HARDWARE IN THE LOOP MARKET 81
9.3 COMPETITIVE SITUATION 82
9.3.1 NEW PRODUCT LAUNCHES 84
9.3.2 PARTNERSHIP & AGREEMENT 85
9.3.3 EXPANSION, COLLABORATION, AND JOINT VENTURE 86
10 COMPANY PROFILE 87
(Overview, Products and Services, Financials, Strategy & Development)*
10.2 DSPACE GMBH 90
10.3 NATIONAL INSTRUMENTS CORP. 92
10.4 TYPHOON HIL, INC. 95
10.5 AEGIS TECHNOLOGIES GROUP, INC. 97
10.6 SPEEDGOAT GMBH 99
10.7 OPAL-RT TECHNOLOGIES, INC. 100
10.8 ROBERT BOSCH ENGINEERING AND BUSINESS SOLUTIONS PVT. LTD. 102
10.9 SIEMENS PLM SOFTWARE, INC. 103
10.10 IPG AUTOMOTIVE GMBH 104
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies
11 APPENDIX 105
11.1 INSIGHTS OF INDUSTRY EXPERTS 105
11.2 DISCUSSION GUIDE 106
11.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 108
11.4 AVAILABLE CUSTOMIZATIONS 108
11.5 RELATED REPORTS 109
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“LIST OF TABLES
TABLE 1 DRIVER ANALYSIS 35
TABLE 2 RESTRAINT ANALYSIS 35
TABLE 3 OPPORTUNITY ANALYSIS 36
TABLE 4 CHALLENGE ANALYSIS 37
TABLE 5 LIST OF COMPANIES CONSIDERED IN THE STUDY OF HARDWARE IN THE LOOP MARKET 39
TABLE 6 HARDWARE IN THE LOOP MARKET SIZE, BY VERTICAL, 2013–2020 (USD MILLION) 48
TABLE 7 HARDWARE IN THE LOOP MARKET FOR THE AUTOMOTIVE, BY GEOGRAPHY,
2013–2020 (USD MILLION) 50
TABLE 8 NORTH AMERICA: HARDWARE IN THE LOOP MARKET FOR THE AUTOMOTIVE,
BY COUNTRY, 2013-2020 (USD MILLION) 50
TABLE 9 EUROPE: HARDWARE IN THE LOOP MARKET FOR THE AUTOMOTIVE, BY COUNTRY, 2013-2020 (USD MILLION) 51
TABLE 10 APAC: HARDWARE IN THE LOOP MARKET FOR THE AUTOMOTIVE, BY COUNTRY, 2013-2020 (USD MILLION) 51
TABLE 11 ROW: HARDWARE IN THE LOOP MARKET FOR THE AUTOMOTIVE, BY COUNTRY, 2013-2020 (USD MILLION) 52
TABLE 12 HARDWARE IN THE LOOP MARKET FOR THE AEROSPACE, BY GEOGRAPHY,
2013–2020 (USD MILLION) 53
TABLE 13 NORTH AMERICA: HARDWARE IN THE LOOP MARKET FOR THE AEROSPACE,
BY COUNTRY, 2013-2020 (USD MILLION) 54
TABLE 14 EUROPE: HARDWARE IN THE LOOP MARKET FOR THE AEROSPACE, BY COUNTRY, 2013-2020 (USD MILLION) 54
TABLE 15 APAC: HARDWARE IN THE LOOP MARKET FOR THE AEROSPACE, BY COUNTRY, 2013-2020 (USD MILLION) 55
TABLE 16 ROW: HARDWARE IN THE LOOP MARKET FOR THE AEROSPACE, BY COUNTRY, 2013-2020 (USD MILLION) 55
TABLE 17 HARDWARE IN THE LOOP MARKET FOR THE DEFENSE, BY GEOGRAPHY,
2013–2020 (USD MILLION) 56
TABLE 18 HARDWARE IN THE LOOP MARKET FOR THE POWER ELECTRONICS, BY GEOGRAPHY, 2013–2020 (USD MILLION) 57
TABLE 19 HARDWARE IN THE LOOP MARKET FOR THE RESEARCH & EDUCATION SECTOR,
BY GEOGRAPHY, 2013–2020 (USD MILLION) 58
TABLE 20 HARDWARE IN THE LOOP MARKET FOR THE OTHER SECTOR, BY GEOGRAPHY, 2013–2020 (USD MILLION) 59
TABLE 21 HARDWARE IN THE LOOP MARKET SIZE, BY GEOGRAPHY,
2014–2020 (USD MILLION) 62
TABLE 22 NORTH AMERICA: HARDWARE IN THE LOOP MARKET SIZE, BY COUNTRY,
2013–2020 (USD MILLION) 65
TABLE 23 NORTH AMERICA: HARDWARE IN THE LOOP MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 65
TABLE 24 U.S.: HARDWARE IN THE LOOP MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 66
TABLE 25 CANADA: HARDWARE IN THE LOOP MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 67
TABLE 26 MEXICO: HARDWARE IN THE LOOP MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 68
TABLE 27 EUROPE: HARDWARE IN THE LOOP MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 70
TABLE 28 EUROPE: HARDWARE IN THE LOOP MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 70
TABLE 29 U.K.: HARDWARE IN THE LOOP MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 71
TABLE 30 GERMANY: HARDWARE IN THE LOOP MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 72
TABLE 31 FRANCE: HARDWARE IN THE LOOP MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 73
TABLE 32 APAC: HARDWARE IN THE LOOP MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 75
TABLE 33 APAC: HARDWARE IN THE LOOP MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 75
TABLE 34 JAPAN: HARDWARE IN THE LOOP MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 76
TABLE 35 CHINA: HARDWARE IN THE LOOP MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 77
TABLE 36 INDIA: HARDWARE IN THE LOOP MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 78
TABLE 37 ROW: HARDWARE IN THE LOOP MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 79
TABLE 38 ROW: HARDWARE IN THE LOOP MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 79
TABLE 39 HARDWARE IN THE LOOP MARKET: MARKET RANKING ANALYSIS 81
TABLE 40 NEW PRODUCT LAUNCHES, 2012-2015 84
TABLE 41 PARTNERSHIP & AGREEMENT, 2012-2015 85
TABLE 42 EXPANSION, COLLABORATION, AND JOINT VENTURE, 2012-2015 86
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“LIST OF FIGURES
FIGURE 1 MARKET SCOPE 12
FIGURE 2 YEARS CONSIDERED IN THE REPORT 13
FIGURE 3 HARDWARE IN THE LOOP MARKET: RESEARCH DESIGN 14
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 18
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 19
FIGURE 6 MARKET BREAKDOWN AND DATA TRIANGULATION 20
FIGURE 7 HARDWARE IN THE LOOP MARKET SEGMENTATION 23
FIGURE 8 HARDWARE IN THE LOOP: MARKET SIZE ANALYSIS, (2013-2020) USD MILLION 23
FIGURE 9 HARDWARE IN THE LOOP MARKET SNAPSHOT (2015–2020): APPLICATION
IN AUTOMOTIVE SECTOR EXPECTED TO DOMINATE THE MARKET DURING THE FORECAST PERIOD 24
FIGURE 10 NORTH AMERICA ACCOUNTED FOR THE LARGEST SHARE IN THE HARDWARE
IN THE LOOP MARKET IN 2014 25
FIGURE 11 THE HARDWARE IN THE LOOP MARKET EXPECTED TO GROW AT A MODERATE CAGR DURING THE FORECAST PERIOD 27
FIGURE 12 APPLICATION IN POWER ELECTRONICS EXPECTED TO WITNESS HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 28
FIGURE 13 APPLICATION IN AUTOMOTIVE SECTOR ESTIMATED TO HOLD THE LARGEST SHARE OF THE GLOBAL HARDWARE IN THE LOOP IN 2015 29
FIGURE 14 GROWTH IN APAC EXPECTED TO BE DRIVEN BY EMERGING ECONOMIES SUCH
AS CHINA AND INDIA 30
FIGURE 15 COMPARISON BETWEEN DIFFERENT ”IN THE LOOP” TESTING MODELS 31
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR THE HARDWARE IN THE LOOP MARKET 33
FIGURE 17 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDITION IS DONE DURING
THE SOFTWARE DEVELOPMENT & ASSEMBLY PHASE 38
FIGURE 18 PORTER’S FIVE FORCES ANALYSIS 40
FIGURE 19 PORTERS ANALYSIS: HARDWARE IN THE LOOP MARKET 41
FIGURE 20 THREAT OF NEW ENTRANTS 41
FIGURE 21 THREAT OF SUBSTITUTES 42
FIGURE 22 BARGAINING POWER OF SUPPLIERS 43
FIGURE 23 BARGAINING POWER OF BUYERS 44
FIGURE 24 INTENSITY OF RIVALRY 45
FIGURE 25 HARDWARE IN THE LOOP MARKET: SEGMENTATION 47
FIGURE 26 APPLICATION IN THE AUTOMOTIVE EXPECTED TO LEAD THE HARDWARE
IN THE LOOP MARKET, 2015 47
FIGURE 27 APAC EXPECTED TO WITNESS THE HIGHEST GROWTH IN THE AUTOMOTIVE DURING THE FORECAST PERIOD 49
FIGURE 28 NORTH AMERICA EXPECTED TO LEAD THE MARKET FOR THE AEROSPACE IN 2015 53
FIGURE 29 APAC EXPECTED TO WITNESS HIGHEST GROWTH DURING THE FORECAST PERIOD 56
FIGURE 30 NORTH AMERICA AND EUROPE EXPECTED TO BE LARGE MARKETS FOR APPLICATION IN THE RESEARCH & EDUCATION SECTOR 58
FIGURE 31 GEOGRAPHIC SNAPSHOT (2014): RAPIDLY GROWING MARKETS SUCH AS CHINA AND INDIA ARE EMERGING AS NEW HOTSPOTS 61
FIGURE 32 APAC IS THE FASTEST GROWING REGION IN THE HARDWARE IN THE LOOP MARKET 62
FIGURE 33 HARDWARE IN THE LOOP MARKET SNAPSHOT FOR NORTH AMERICA: DEMAND EXPECTED TO BE DRIVEN BY THE AUTOMOTIVE SECTOR 64
FIGURE 34 HARDWARE IN THE LOOP MARKET SNAPSHOT FOR EUROPE: DEMAND EXPECTED TO BE DRIVEN BY THE AUTOMOTIVE SECTOR 69
FIGURE 35 HARDWARE IN THE LOOP MARKET SNAPSHOT FOR APAC: DEMAND EXPECTED
TO BE DRIVEN BY THE AUTOMOTIVE SECTOR 74
FIGURE 36 COMPANIES ADOPTED NEW PRODUCT LAUNCHES AS THE KEY GROWTH STRATEGY (2012 –2015) 80
FIGURE 37 MARKET EVOLUTION FRAMEWORK-SIGNIFICANT NEW PRODUCT DEVELOPMENT HAS FUELED GROWTH AND INNOVATION FROM 2012 TO 2015 82
FIGURE 38 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES DOMINATED
THE OVERALL DEVELOPMENTS HAPPENED IN THE HIL FROM 2012 TO 2015 83
FIGURE 39 VECTOR INFORMATIK GMBH: SWOT ANALYSIS 89
FIGURE 40 DSPACE GMBH: SWOT ANALYSIS 91
FIGURE 41 NATIONAL INSTRUMENTS CORP.: COMPANY SNAPSHOT 92
FIGURE 42 NATIONAL INSTRUMENTS CORP.: SWOT ANALYSIS 94
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