Global Hardware in the Loop Market Growth (Status and Outlook) 2025-2031

Global Hardware in the Loop Market Growth (Status and Outlook) 2025-2031

The global Hardware in the Loop market size is predicted to grow from US$ 761 million in 2025 to US$ 1094 million in 2031; it is expected to grow at a CAGR of 6.2% from 2025 to 2031.

Hardware-in-the-loop (HIL) technique is used to analyze complex real-time embedded systems. The HIL system provides an effective platform which for reduce the complexity of the plant and control the test platform. HIL technology offers high-quality output and reduces the cost involved and time needed. Hence, it is widely preferred in many applications such as Aerospace & Defense, automotive, and others. Automotive sector adopts ECUs technology in accordance to meet various industry standards. Electronic companies use HIL technique in various applications such as nuclear power plant Chassis Systems, wind turbine generators, developing and testing of electronic grids, photovoltaic inverter, and so on.

The major players in global hardware in the loop market include dSpace GmbH, National Instruments, Vector Informatik, etc. The top 2 players occupy about 50% shares of the global market. Europe and North America are main markets, they occupy over 60% of the global market.

LPI (LP Information)' newest research report, the “Hardware in the Loop Industry Forecast” looks at past sales and reviews total world Hardware in the Loop sales in 2024, providing a comprehensive analysis by region and market sector of projected Hardware in the Loop sales for 2025 through 2031. With Hardware in the Loop sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hardware in the Loop industry.

This Insight Report provides a comprehensive analysis of the global Hardware in the Loop landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Hardware in the Loop portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hardware in the Loop market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hardware in the Loop and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hardware in the Loop.

This report presents a comprehensive overview, market shares, and growth opportunities of Hardware in the Loop market by product type, application, key players and key regions and countries.

Segmentation by Type:
Closed Loop HIL
Open Loop HIL

Segmentation by Application:
Automotive
Aerospace & Defense
Power Electronics
Research & Education
Oil & Gas
Industrial Equipment
Industrial Components
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
dSpace GmbH
National Instruments
Vector Informatik
ETAS
Ipg Automotive GmbH
MicroNova AG
Aegis Technologies
HiRain Technologies
Opal-RT Technologies
Eontronix
Typhoon HIL
LHP Engineering Solutions
Speedgoat GmbH
Wineman Technology (Genuen)
Modeling Tech