Hardware-in-the-loop Market by Application (Defense, Aerospace, Automotive, Power Electronics, Research & Education, and Others), Global Opportunity Analysis and Industry Forecast, 2021–2027

Hardware-in-the-loop (HIL) is a simulation system which is used in development and test of complex real-time embedded systems. Also, these systems provide simulation of the physical part of a machine or system. The machine or physical part of the system is connected with the control system, through actuators and sensors, where the simulation replicates the exact copy of actual hardware interconnection. Further, if the simulator is designed well, it accurately mimics the tasks and are widely used to test control system. Whereas, HIL testing is a process of signaling a controller that is connected to a test system to simulate reality and tricks the controller into thinking it is in the assembled product. With the help of HIL testing and design, development iteration can easily run through thousands of possible scenarios to properly exercise controller operations, as these simulations visualize the real-world system. These systems are widely used in automotive and aerospace applications which is propelling the growth of hardware-in-the-loop market. For example, airplanes, missiles, and unmanned aerial vehicles have sophisticated autopilots. A HIL device mimics autopilot embedded system into thinking that it is operating with real-world inputs and outputs, in real-time. In simple terms, the autopilot system is fooled into thinking that the aircraft is flying.

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Modernization in vehicles with advance features such as Advanced Driver-Assistance Systems (ADAS), cameras, and radar rises the complexity associated with embedded control systems. In addition, this complexity is further heightened when one electronic control units (ECUs) in a vehicle equates to enormous number of signals that represents various functions and I/O types. To overcome this comprehensive test coverage challenge, HIL simulation and testing is used to reduce test overhead and catastrophic schedule impacts. These factors are expected to drive the growth of the market. However, reluctance to invest due to additional cost requirement for dedicated HIL hardware and software is a factor that hinders the hardware-in-the-loop market growth. Furthermore, high adoption in a wide range of applications such as power and industrial robotics, act as an opportunistic factor to propel growth of the market during the forecast period.

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The global hardware-in-the-loop market is segmented into industry vertical and region. By industry vertical, it is classified into defense, aerospace, automotive, power electronics, research & education, and others. Region-wise, the global market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
This report provides profiles of the key players in the hardware-in-the-loop market analysis, which include dSPACE GmbH, Embraer S.A., Speedgoat GmbH, Typhoon Hil, Inc., IPG Automotive GmbH, Honda Aircraft Company, Siemens Plm Software, Inc., National Instruments Corp., Opal-RT Technologies, Inc., Aegis Technologies Group, Inc., and Robert Bosch Engineering and Business Solutions Pvt. Ltd.

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KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global hardware-in-the-loop market share along with future estimations to elucidate the imminent investment pockets.
Information about key drivers, restraints, opportunities, current hardware-in-the-loop market trends and their impact analysis on the global market is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the hardware-in-the-loop industry.
The quantitative analysis of the market from 2018 to 2026 is provided to determine the hardware-in-the-loop market potential.

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