The global hardware in the loop market was valued at USD 750.3 million in 2021 and is projected to reach USD 1321.8 million by 2030, growing at a CAGR of 6% from 2022-2030.

Hardware-in-the-loop (HIL) market technology provides high-quality output, minimizes risks, is cost-effective and reduces the time needed. This, in turn, is anticipated to contribute to the hardware in the loop market growth in the forecast period.

Major market player included in this report are:
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.
Robert Bosch Engineering and Business Solutions Pvt. Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Industry Vertical
Defense
Automotive
Aerospace
Research & Education
Power Electronics
Others
By Product Type
Open Loop HIL
Closed-Loop HIL


By Region:
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rusia
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA

Furthermore, years considered for the study are as follows:

Historical year 2017, 2019
Base year 2021
Forecast period 2022 to 2030.

Target Audience of the Global Hardware in the Loop Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors