Global Electric Vehicle Test Equipment Market 2024-2028
Technavio has been monitoring the electric vehicle test equipment market and is forecast to grow by USD 212.5 mn during 2023-2028, accelerating at a CAGR of 30.08% during the forecast period. Our report on the electric vehicle test equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing EV automotive industry, increasing government support, and rise in technological advancements.
Technavio's electric vehicle test equipment market is segmented as below:
By Vehicle Type
- Hybrid electric vehicles
- Battery electric vehicles
- Plug-in hybrid electric vehicles
By Application
- EV component
- EV charging
- Powertrain
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the emergence of digital testing as one of the prime reasons driving the electric vehicle test equipment market growth during the next few years. Also, growing popularity of remote testing services in electric buses and advanced analytics usage to optimize vehicle efficiency will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the electric vehicle test equipment market covers the following areas:
- Electric vehicle test equipment market sizing
- Electric vehicle test equipment market forecast
- Electric vehicle test equipment market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle test equipment market vendors that include Arbin Instruments, ATESTEO GmbH and Co. KG, AVL List GmbH, Chroma ATE Inc., comemso electronics GmbH, Crystal Instruments Corp., Dewesoft d.o.o., Durr AG, FEV Group GmbH, HORIBA Ltd., Keysight Technologies Inc., KUKA AG, Maccor Inc., National Instruments Corp., PCE Holding GmbH, Softing Automotive Electronics GmbH, SureView Instruments, TUV Rheinland AG, Unico LLC, and ZF Friedrichshafen AG. Also, the electric vehicle test equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.