Hardware in the Loop (HIL) simulation is a technique that is used in the development and test of complex process systems. HIL simulation provides an effective platform by adding the complexity of the plant under control to the test platform. The complexity of the plant under control is included in test and development by adding a mathematical representation of all related dynamic systems. These mathematical representations are referred to as the “plant simulation.”
The hardware in the loop market is related concentrated market; the revenue of top ten manufacturers accounts about 70% of the total revenue in 2016. The high-end products mainly come from Europe and USA.
Market Analysis and Insights: Global Hardware in the Loop Market
In 2019, the global Hardware in the Loop market size was US$ 699 million and it is expected to reach US$ 1084.3 million by the end of 2026, with a CAGR of 6.4% during 2021-2026.
Global Hardware in the Loop Scope and Market Size
Hardware in the Loop market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Hardware in the Loop market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Hardware in the Loop market is segmented into Open Loop HIL, Closed Loop HIL, etc.
Segment by Application, the Hardware in the Loop market is segmented into Automotive, Aerospace, Power Electronics, Research & Education, etc.
Regional and Country-level Analysis
The Hardware in the Loop market is analysed and market size information is provided by regions (countries).
The key regions covered in the Hardware in the Loop market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and Hardware in the Loop Market Share Analysis
Hardware in the Loop market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Hardware in the Loop business, the date to enter into the Hardware in the Loop market, Hardware in the Loop product introduction, recent developments, etc.
The major vendors include DdSpace GmbH, National Instruments, Vector Informatik, Siemens, Robert Bosch Engineering, Ipg Automotive GmbH, MicroNova AG, Opal-RT Technologies, LHP Engineering Solutions, Typhoon HIL, Speedgoat GmbH, Modeling Tech, Eontronix, Wineman Technology, etc.

This report focuses on the global Hardware in the Loop status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Hardware in the Loop development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study

DdSpace GmbH
National Instruments
Vector Informatik
Siemens
Robert Bosch Engineering
Ipg Automotive GmbH
MicroNova AG
Opal-RT Technologies
LHP Engineering Solutions
Typhoon HIL
Speedgoat GmbH
Modeling Tech
Eontronix
Wineman Technology

Market segment by Type, the product can be split into

Open Loop HIL
Closed Loop HIL

Market segment by Application, split into

Automotive
Aerospace
Power Electronics
Research & Education

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:

To analyze global Hardware in the Loop status, future forecast, growth opportunity, key market and key players.
To present the Hardware in the Loop development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Hardware in the Loop are as follows:
History Year: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.