Automotive Test Equipment Market Size Forecast: $20.1 Billion by 2029 | Global Outlook

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What Is the Projected Market Size Valuation of the Automotive Test Equipment Market by 2025?
The market size of automotive test equipment has been demonstrating consistent growth throughout the recent years. Its value is projected to elevate from $14.87 billion in 2024 to $15.49 billion in 2025, illustrating a compound annual growth rate (CAGR) of 4.2%. The historical growth of this market can be traced back to factors such as safety and regulatory compliance, concerns surrounding consumer safety, an increase in vehicle complexity, and the globalization of the automotive manufacturing process.

What Is the Estimated Market Growth Value for the Automotive Test Equipment Industry in 2029?
In the coming years, there is expected to be a significant increase in the size of the automotive test equipment market, with projections estimating it to reach a value of $20.1 billion by 2029. This expansion, at a compound annual growth rate (CAGR) of 6.7%, can be linked to several important factors. These include the emergence of electric and autonomous vehicles, the testing for environmental compatibility of these vehicles, testing for software, firmware, and cybersecurity, the move towards shared mobility, and the implementation of end-of-line testing procedures. Within the forecast time-frame, key trends to look out for include the integration of connectivity and advanced driver-assistance systems (ADAS), the implementation of industry 4.0 and smart manufacturing techniques, electromagnetic compatibility (EMC) testing, the introduction of artificial intelligence (AI), and increased use of simulation and virtual testing methodologies.

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What Are the Growth Drivers and Opportunities in the Automotive Test Equipment Market?
The automotive test equipment market growth is anticipated to be driven by the rising acceptance of autonomous vehicles. The affordability and growing customer preference of autonomous vehicles due to their enhanced security features and ease of driving are major contributors to the global adoption rate. In order to ensure these vehicles meet global compliance and safety standards, manufacturers depend heavily on automotive test equipment. This increases the demand for these testing tools. A report by the Insurance Institute for Highway Safety, a US-based non-profit organization, predicted in December 2022 that by 2025, 3.5 million autonomous vehicles will be on American streets and by 2030, this number is estimated to rise to 4.5 million. Consequently, the escalating demand for semi-autonomous and autonomous vehicles is propelling the growth of the automotive smart display market. As such, the burgeoning adoption of autonomous vehicles is projected to stimulate the demand for automotive test equipment in the forecast period.

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What Are the Primary Segments Covered in the Global Automotive Test Equipment Market Report?
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

What Are the Top Growth Trends in the Automotive Test Equipment Market?
Major players in the auto testing equipment market are concentrating on creating technologically superior products like ADAS testing equipment, ensuring the safety, dependability, and performance of contemporary vehicles. ADAS testing equipment includes specific tools and systems used for assessing and confirming the safety, precision, and performance of Advanced Driver Assistance Systems (ADAS) in vehicles under varied conditions. For instance, in March 2023, AB Dynamics, a company based in the UK that provides automotive test and validation solutions, introduced the ADAS/AV test gear called LaunchPad Spin. This equipment is tailored to mimic complicated city test scenarios by replicating dynamic movements and accommodating different vulnerable road user (VRU) targets with a maximum speed of 30 km/h (20 mph). It has torque vectoring driven wheels and a precision directed front wheel capable of constant 360-degree rotation without end stop. This distinctive combination gives the platform a claimed industry-leading maneuverability, accurately depicting abrupt direction changes that leaves drivers or AEB systems with limited reaction time.

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Which Companies Are Shaping the Future of the Automotive Test Equipment Market?
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

Which Region Holds the Largest Market Share in the Automotive Test Equipment Industry?
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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