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Automotive Test Equipment Market 2019 Upcoming Opportunities, Growth, Scope Analysis By Honeywell, Continental, Robert Bosch GmbH, Siemens AG, ABB, EM TEST GmbH, Moog, Inc., Presto StantestPvt., Delphi Automotive PLC
the Global Automotive Test Equipment Market is accounted for $2.07 billion in 2017 and is expected to reach $3.45 billion by 2026 growing at a CAGR of 5.8%. Some of the prominent factors boosting the market growth increase in severe emissions norms to prevent ecological impact and technological advancements in automotive test equipment. However, the lack of a skilled workforce for advanced testing equipment is hampering the development of the market.Get a Sample Copy of this Report @ https://marketprognosis.com/sample-request/19540
Automotive test equipment is mainly used for alteration of vehicle performance and executing the quality tests on the vehicle. It is used for measuring the engine wear, lubricant aeration, engine oil utilization, fuel dilution, and evaporation. These test equipment are also used for testing the impact on engine oil consumption, hand brake tension and for interaction between fuel and lubricant.
Based on the application, PC/Laptop based equipment are estimated to account for the largest market as Laptop based testing equipment is mainly a hardware and software package, covering all the essential cables, hardware, and software. The PC-based systems have characteristics such as the capability to plot and log sensor data, compute fuel efficiency, and approximate horsepower and torque. Also, many technicians prefer using PC/laptop based equipment for data mining and analysis from vehicle components.
By geography, the Asia Pacific region is approximated to account for the largest market size due to the growing acquisition power of customers has triggered the demand for automobiles in this region. Also, due to the availability of cheap labor and low making cost, many main OEMs have launched production plants in the region or united with major familial vehicle manufacturing companies.
Some of the key players in the Automotive Test Equipment market include Honeywell, Continental, Robert Bosch GmbH, Siemens AG, ABB Ltd., EM TEST GmbH, Moog, Inc., Presto StantestPvt. Ltd., Delphi Automotive PLC, Vector Informatik, Softing, Horiba, SGS, Sierra Instruments, Inc. and Yokogawa Corporation.
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Market Segments:
Vehicle Types Covered:
• Commercial Vehicle
• Passenger Car
Product Types Covered:
• Wheel Alignment Tester
• Engine Dynamometer
• Vehicle Emission Test System
• Chassis Dynamometer
Advance Technologies Covered:
• Electronic Control Unit (ECU)Testing
• Simulation Testing
• Autonomous Driving Simulator
• Crash Impact Simulation
• Advanced Driver-Assistance Systems (ADAS) Testing
• Data Logger
• Electric Vehicle (EV) Testing
Applications Covered:
• Personal Computer (PC)/Laptop Based Equipment
• Handheld Scan Tool
• Mobile/Tablet-Based Equipment
• Other Applications
End Users Covered:
• Original Equipment Manufacturer (OEM) Assembly Plant
• Authorized Service Centres
• Original Equipment Manufacturer (OEM) Research & Development (R&D)/Technical Center
What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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About Us
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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