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Emerging Automotive Test Equipment Market Trends: Advancements In Automotive Test Equipment Shaping the Future of the Industry
Automotive Test Equipment
Automotive Test Equipment Market Size Growth Forecast: What to Expect by 2025?
The market size for automotive test equipment has significantly expanded over the past few years. It is projected to rise from $14.87 billion in 2024 to $15.7 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%. The expansion during the historic period is attributable to factors such as regulatory compliance, customer concerns regarding safety, increasing intricate nature of vehicles, and worldwide spread of automotive production.
How Will the Automotive Test Equipment Market Size Evolve and Grow by 2029?
The market size of automotive test equipment is projected to experience substantial expansion in the upcoming years, reaching $20.81 billion in 2029 with a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth during the predicted period include the rise of electric and autonomous vehicles, environmental evaluations for electric vehicles, testing of software and firmware, cybersecurity evaluations, shift towards shared mobility, and end-of-line testing. Key trends within the forecast period encompass connectivity and advanced driver-assistance systems (ADAS), industry 4.0 coupled with intelligent manufacturing, electromagnetic compatibility (EMC) testing, integration of artificial intelligence (AI), as well as simulation and virtual testing.
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What Drivers Are Propelling the Growth of Automotive Test Equipment Market Forward?
The rise in the use of autonomous vehicles is anticipated to boost the expansion of the automotive test equipment market. An increase in affordable autonomous vehicles and the growing customer attraction towards highly secure, self-driving features in vehicles to lighten their driving load has resulted in the amplified adoption of autonomous vehicles worldwide. To ensure that these vehicles meet global regulations and safety standards, manufacturers of autonomous vehicles rely on automotive test equipment, thereby heightening its demand. For example, a report by the Insurance Institute for Highway Safety, a non-profit organization based in the US, cited in December 2022 that American roads are projected to have 3.5 million autonomous vehicles by 2025, and by 2030 that figure is anticipated to rise to 4.5 million. Consequently, the escalating demand for semi-autonomous and autonomous vehicles fuels the development of the automotive smart display market. The anticipated surge in the adoption of autonomous vehicles is thus expected to engender greater demand for automotive test equipment during the forecast period.
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Which Emerging Trends Are Transforming the Automotive Test Equipment Market in 2025?
Leading corporations in the automotive test equipment sector are prioritizing the creation of technologically superior products such as ADAS testing tools to enhance the safety, performance, and trustworthiness of contemporary vehicles. ADAS testing tools are specifically designed instruments and systems used to validate, scrutinize, and ensure the safety of Advanced Driver Assistance Systems (ADAS) in vehicles, verifying their flawless operation under varied conditions. Specifically, in March 2023, AB Dynamics, a UK-based company experienced in automotive testing and validation solutions, introduced their ADAS/AV test tool named LaunchPad Spin. Designed to mimic complex urban testing situations, it can simulate dynamic movements and adapt to different vulnerable road user (VRU) targets at a top speed of 30 km/h (20 mph). It is equipped with torque-vectoring driven wheels and a precisely steered front wheel that can rotate 360 degrees non-stop. This distinct combination offers the platform unparalleled maneuverability in the market, skillfully embodying abrupt changes in direction that offer both drivers and AEB systems limited response time.
What Are the Key Segments in the Automotive Test Equipment Market?
The automotive test equipment market covered in this report is segmented -
1) By Product Type: Chassis Dynamometer, Engine Dynamometer, Vehicle Emission Test system, Wheel Alignment Tester
2) By Vehicle Type: Passenger Car, Commercial Vehicles
3) By End User: Original Equipment Manufacturer (OEM) assembly plant, Original Equipment Manufacturer (OEM) R&D, technical center, Authorized Service Center
Subsegments:
1) By Chassis Dynamometer: Eddy Current Chassis Dynamometers, Load Control Chassis Dynamometers, All-Wheel Drive Chassis Dynamometers,
2) By Engine Dynamometer: Hydraulic Engine Dynamometers, Electrical Engine Dynamometers, AC Or DC Engine Dynamometers
3) By Vehicle Emission Test System: Portable Emission Measurement Systems (PEMS), On-Board Diagnostics (OBD) Systems, Exhaust Gas Analyzers
4) By Wheel Alignment Tester: 2D Wheel Alignment Systems, 3D Wheel Alignment Systems, Portable Wheel Alignment Systems
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Who Are the Key Players Shaping the Automotive Test Equipment Market's Competitive Landscape?
Major companies operating in the automotive test equipment market include Robert Bosch GmbH, Vector Informatik GmbH, Asea Brown Boveri Ltd., Siemens AG, Actia SA, Continental AG, Horiba Ltd., Softing AG, Teradyne Inc., MTS Systems Corporation, Denso Corporation, Technischer Überwachungsverein SÜD, PTM Electronics Inc., MAHA Maschinenbau Haldenwang GmbH & Co. KG, DSA Daten- und Systemtechnik GmbH, Millbrook Proving Ground Ltd., Sierra Instruments Inc., Snap-on Incorporated, AVL List GmbH, Delphi Technologies, SGS SA, Honeywell International Inc., SAKOR Technologies Inc., National Instruments Corporation, Cosworth Ltd., Danaher Corporation, MK Test Systems Ltd., Sun Electric Corporation, Cincinnati Test Systems Inc., Dewesoft d. o. o
What Geographic Markets Are Powering Growth in the Automotive Test Equipment Market?
Asia-Pacific was the largest region in the automotive test equipment market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive test equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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