Europe Hardware in the Loop Market Size, Share & Industry Trends Analysis Report By Type (Open Loop and Closed Loop), By Vertical (Automobile, Aerospace, Research & Education, Defense, Power Electronics), By Country and Growth Forecast, 2022 - 2028
The Europe Hardware in the Loop Market would witness market growth of 9.8% CAGR during the forecast period (2022-2028).
Reduced risks of failure are another important advantage of implementing HIL. Control system failure in complex operations can result in catastrophic failure, damaging equipment, or posing safety risks. Before operating physical equipment, controllers can be verified using HIL. This can be used to validate a new controller at the beginning of the project and to lessen the possibility that software updates to the controller will result in the introduction of additional failure modes as the project develops. Both applications lessen the possibility of running across unexpected hardware failure types.
HIL systems allow for concurrent development of control system components. The controller may be available in many control system development initiatives before the plant, power converter, and feedback sensors. The production controller can be tested using HIL before the other components are complete. This can speed up development overall and boost confidence in the controller. With HIL, a wide range of plant varieties can be tested. The development of the Information, Communication and Technology (ICT) sector has significantly impacted GDP growth, the productivity of workers, R&D spending, and other aspects of economies around the world. The market's rise is projected to be fueled by these factors.
The Economic Commission for Europe (ECE) has developed regulations for brake assist systems (BAS). Panic Brake Assist (PBA), which is classified as a Category C (sensitive to many criteria) Brake Assist System, is often a value-added feature of Electronic Stability Control (ESC) systems. The regulations discuss validating Category C Brake Assist System vehicle performance using hardware-in-the-loop (HIL) simulation. Additional capability for validating various ESC software and calibration versions is provided by HIL simulation.
The Germany market dominated the Europe Hardware in the Loop Market by Country in 2021; thereby, achieving a market value of $95.3 Million by 2028. The UK market is poised to grow at a CAGR of 8.9% during (2022 - 2028). Additionally, The France market would experience a CAGR of 10.6% during (2022 - 2028).
Based on Type, the market is segmented into Open Loop and Closed Loop. Based on Vertical, the market is segmented into Automobile, Aerospace, Research & Education, Defense, Power Electronics, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, National Instruments Corporation, dSPACE GmbH, Elektrobit Automotive GmbH (Continental AG), OPAL-RT Technologies, Speedgoat GmbH, Acutronic Group, Plexim GmbH, IPG Automotive GmbH and Vector Informatik GmbH
Scope of the Study
Market Segments covered in the Report:
By Type
- Open Loop
- Closed Loop
- Automobile
- Aerospace
- Research & Education
- Defense
- Power Electronics
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Robert Bosch GmbH
- National Instruments Corporation
- dSPACE GmbH
- Elektrobit Automotive GmbH (Continental AG)
- OPAL-RT Technologies
- Speedgoat GmbH
- Acutronic Group
- Plexim GmbH
- IPG Automotive GmbH
- Vector Informatik GmbH
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Hardware in the Loop Market, by Type
- 1.4.2 Europe Hardware in the Loop Market, by Vertical
- 1.4.3 Europe Hardware in the Loop Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Jan – 2022, Jul) Leading Players
- Chapter 4. Europe Hardware in the Loop Market by Type
- 4.1 Europe Open Loop Market by Country
- 4.2 Europe Closed Loop Market by Country
- Chapter 5. Europe Hardware in the Loop Market by Vertical
- 5.1 Europe Automobile Market by Country
- 5.2 Europe Aerospace Market by Country
- 5.3 Europe Research & Education Market by Country
- 5.4 Europe Defense Market by Country
- 5.5 Europe Power Electronics Market by Country
- 5.6 Europe Others Market by Country
- Chapter 6. Europe Hardware in the Loop Market by Country
- 6.1 Germany Hardware in the Loop Market
- 6.1.1 Germany Hardware in the Loop Market by Type
- 6.1.2 Germany Hardware in the Loop Market by Vertical
- 6.2 UK Hardware in the Loop Market
- 6.2.1 UK Hardware in the Loop Market by Type
- 6.2.2 UK Hardware in the Loop Market by Vertical
- 6.3 France Hardware in the Loop Market
- 6.3.1 France Hardware in the Loop Market by Type
- 6.3.2 France Hardware in the Loop Market by Vertical
- 6.4 Russia Hardware in the Loop Market
- 6.4.1 Russia Hardware in the Loop Market by Type
- 6.4.2 Russia Hardware in the Loop Market by Vertical
- 6.5 Spain Hardware in the Loop Market
- 6.5.1 Spain Hardware in the Loop Market by Type
- 6.5.2 Spain Hardware in the Loop Market by Vertical
- 6.6 Italy Hardware in the Loop Market
- 6.6.1 Italy Hardware in the Loop Market by Type
- 6.6.2 Italy Hardware in the Loop Market by Vertical
- 6.7 Rest of Europe Hardware in the Loop Market
- 6.7.1 Rest of Europe Hardware in the Loop Market by Type
- 6.7.2 Rest of Europe Hardware in the Loop Market by Vertical
- Chapter 7. Company Profiles
- 7.1 Robert Bosch GmbH
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Partnerships, Collaborations, and Agreements:
- 7.1.5.2 Acquisition and Mergers:
- 7.1.6 SWOT Analysis
- 7.2 National Instruments Corporation
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Partnerships, Collaborations, and Agreements:
- 7.3 dSPACE GmbH
- 7.3.1 Company Overview
- 7.3.2 Recent strategies and developments:
- 7.3.2.1 Partnerships, Collaborations, and Agreements:
- 7.3.2.2 Product Launches and Product Expansions:
- 7.3.2.3 Geographical Expansions:
- 7.4 Elektrobit Automotive GmbH (Continental AG)
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Partnerships, Collaborations, and Agreements:
- 7.4.5.2 Product Launches and Product Expansions:
- 7.5 IPG Automotive GmbH
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Partnerships, Collaborations, and Agreements:
- 7.5.2.2 Product Launches and Product Expansions:
- 7.6 Vector Informatik GmbH
- 7.6.1 Company Overview
- 7.6.2 Recent strategies and developments:
- 7.6.2.1 Partnerships, Collaborations, and Agreements:
- 7.6.2.2 Acquisition and Mergers:
- 7.7 OPAL-RT Technologies
- 7.7.1 Company Overview
- 7.7.2 Recent strategies and developments:
- 7.7.2.1 Partnerships, Collaborations, and Agreements:
- 7.8 Speedgoat GmbH
- 7.8.1 Company Overview
- 7.8.2 Recent strategies and developments:
- 7.8.2.1 Product Launches and Product Expansions:
- 7.9 Acutronic Group
- 7.9.1 Company Overview
- 7.10. Plexim GmbH
- 7.10.1 Company Overview
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