Hardware in the loop Market - Global Forecast to 2020 - New Study Released

From: Fast Market Research, Inc.
Published: Fri Dec 04 2015

Hardware in the loop Market by vertical (Automotive, Aerospace, Defense, Power Electronics, Research & Education & others) and by Geography (North America, Europe, Asia-Pacific, and RoW) - Global Forecast to 2020

The hardware in the loop market is expected to grow at a CAGR of 9.37% between 2015 and 2020. The increasing complexity in designing of embedded systems as well as testing it, and shortened time to market are the major drivers for the hardware in the loop market. Besides this, the HIL testing technique helps in improving the output with less time & cost investment and without damaging equipment or endangering lives. This factor is also fueling the growth of the hardware in the loop market.

The market for power electronics expected to grow at the highest CAGR

The hardware in the loop market in the power electronics sector is estimated to grow at a high CAGR during the forecast period. This is mainly due to the growing awareness about the advantages of HIL and the increasing use of hardware in the loop solutions for applications such as developing and testing of electronic grids, wind turbine generators, photovoltaic inverters, nuclear power plant control systems, and many more.

Full Report Details at
- http://www.fastmr.com/prod/1076666_hardware_loop_global_forecast.aspx?afid=302

APAC expected to be the fastest-growing market

The market in APAC is expected to grow at a high CAGR between 2015 and 2020. The rapid growth of the automotive industry in this region, in addition to the growth of aerospace and power electronics sectors has contributed to the growth of the hardware in the loop market in the APAC region.

Breakdown of profile of primary participants:

* By Company Type: Tier 1 - 22 %, Tier 2 - 35% and Tier 3 - 43%
* By Designation: C level - 29%, Director level - 37%, Others - 34%
* By Region: North America - 39%, Europe - 31%, APAC - 21%, RoW - 9%

Key players in the market include Vector Informatik GmbH (Germany), National Instruments Corporation (U.S.), DSpace GmbH (Germany), Typhoon HIL, Inc. (U.S.), AEgis Technologies Group, Inc. (U.S.), Opal-RT Technologies, Inc. (Canada), Siemens PLM Software, Inc. (U.S.), Robert Bosch Engineering and Business Solutions Private Limited (India), IPG Automotive GmbH (Germany), and Speedgoat GmbH (Switzerland) among others.

Reasons to buy the report:

* This report includes the market statistics pertaining to vertical, and geography along with their respective revenue.
* The Porter's five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the hardware in the loop market.
* Major drivers, restraints, challenges, and opportunities for the hardware in the loop market have been detailed in this report.
* Illustrative segmentation, analysis, and forecast for markets based on vertical, and geography has been conducted to give an overall view of the hardware in the loop market.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Signal Generator Market - Global Forecast to 2015 - 2020
- DIY Home Automation Market - Global Forecast to 2020
- Head-Mounted Display Market - Global Trend and Forecast to 2020
- Structural Health Monitoring (SHM) Market - Global Trend & Forecast to 2020
- mHealth Solutions Market - Global Forecast to 2020

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »