Global Hardware in the Loop Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Hardware in the Loop Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Hardware in the loop (HIL) is a method utilized for developing and testing real-time embedded systems that are highly complex. Thorough tests are required for verifying and validating design, but modern systems are becoming more complex, which makes testing quite challenging. HIL helps overcome the challenges of testing complex systems without requiring an assembled product in the said field because testing completed products require considerable test overhead. It is a matter of unpredictable time. It can replicate the physical parts of a system with simulation. In HIL testing, actual signals from a controller are linked to a test system that simulates real-life situations making the controller believe that it is in an assembled product. Though it is mainly used for testing control systems, it is used in diverse applications, including aerospace, automotive, electronics, and wind turbines.

Market Overview:

The latest research study on the global Hardware in the Loop market finds that the global Hardware in the Loop market reached a value of USD 910.34 million in 2023. It’s expected that the market will achieve USD 1574.66 million by 2029, exhibiting a CAGR of 9.56% during the forecast period.

Industry Development Trends under Global Inflation

Hardware in the loop (HIL) simulators refer to a technique that is used in the testing and development of complex real-time embedded systems. Hardware in the loop enables simulation which can replace the physical parts of the system or the machine. It provides an effective platform that could help companies in hardware installation and set up to eliminate the dependency of hardware in the testing process. HIL simulators have major applicability in test control systems. Mechanical structures and marine engineering are generally designed in parallel in offshore and marine application control systems. HIL simulation solves the major problem of continuous testing even before the integration of the hardware. HIL simulation also reduces the risk of personal injuries, equipment damage, and delays, by finding the error prior to final integration.

Traditionally, testing of control systems has been done on actual machinery (i.e., plant) out in the field, on the entire system, or on a powered test bed in a lab. This method can be exceedingly costly, ineffective, and even dangerous while providing testing fidelity. HIL testing is a fantastic alternative to conventional testing techniques. When using a simulator with inputs and outputs (I/Os) capable of interacting with control systems and other equipment, a computer model exactly replicating the physical plant replaces it during HIL simulation. By precisely simulating the plant and its dynamics, as well as sensors and actuators, the HIL simulator can provide thorough closed-loop testing without the requirement for testing on actual systems.

In fields like aviation or automotive where operations are particularly complicated, HIL has been employed for years. HIL can supplement the testing of physical plants to offer a number of benefits. One such benefit is reduced testing costs. A significant investment in HIL can be justified by the high costs associated with testing complex machinery like airplane subsystems. By adding HIL as a supplementary tool, field research can be minimized.

Drivers of Hardware In The Loop Market

Rising Application of HIL Technology in Various Sectors to Boost the Growth of the Hardware in the Loop Industry

The global hardware in the loop industry is driven by the thriving automotive and aerospace industry. Hardware in the loop is a crucial component for the development of ECUs in the automotive industry. Hence, the growing adoption of ECU by the automotive industry, in order to meet various industry standards is likely to propel the demand for hardware in the loop. Over the forecast period, the growing demand for HIL technology from the electronic companies, for various applications, such as nuclear power plants, chassis systems, wind turbine generators, developing and testing of electronic grids, and photovoltaic inverters, among others, is likely to augment the growth of the market. The market is further expected to be aided by the growing expansion of the major market players in the developing economies of the world.

Restraints of Hardware In The Loop Market

High cost of ownership and technical complexity in implementation

Hardware in the loop is a complex technique to be implemented as designing the mathematical model can be complex based on the variables and the function block added to the system. The level of complexity in a HIL simulator to run at ultra-high speed or to use dedicated I0 to generate high frequencies is very high. Wires transport information at very high frequencies in the original machines or on the platform, and copying the same structure at a small level may increase the complexity of using HIL simulators.

Region Overview:

In 2022, the share of the Hardware in the Loop market in United States stood at 26.09%.

Company Overview:

DSpace GmbH
dSPACE GmbH, located in Paderborn, Germany, is one of the world's leading providers of tools for developing electronic control units. dSPACE offers its customers solutions and know-how that help advance innovations with software- and hardware-based simulations.

National Instruments

National Instruments Corporation, doing business as NI, is an American multinational company with international operation. Headquartered in Austin, Texas, it is a producer of automated test equipment and virtual instrumentation software.

DSpace GmbH is one of the major players operating in the Hardware in the Loop market, holding a share of 19.32% in 2023.

Segmentation Overview:

By type, Closed Loop HIL segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Automobile segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Hardware in the Loop market covered in Chapter 3:

Modeling Tech
MicroNova AG
DSpace GmbH
Elektrobit
Vector Informatik
Robert Bosch GmbH
National Instruments
Speedgoat GmbH
Typhoon HIL
IPG Automotive GmbH
OPAL-RT Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Hardware in the Loop market from 2019 to 2030 is primarily split into:

Open Loop HIL
Closed Loop HIL

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hardware in the Loop market from 2019 to 2030 covers:

Automobile
Aerospace
Research & Education
Power Electronics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)