Global Hardware in the Loop Industry Growth and Trends Forecast to 2031
Description
Summary
Hardware-in-the-loop (HIL) technique is used to analyze complex real-time embedded systems. The HIL system provides an effective platform which for reduce the complexity of the plant and control the test platform. HIL technology offers high-quality output and reduces the cost involved and time needed. Hence, it is widely preferred in many applications such as Aerospace & Defense, automotive, and others. Automotive sector adopts ECUs technology in accordance to meet various industry standards. Electronic companies use HIL technique in various applications such as nuclear power plant Chassis Systems, wind turbine generators, developing and testing of electronic grids, photovoltaic inverter, and so on.
According to APO Research, The global Hardware in the Loop market was estimated at US$ million in 2025 and is projected to reach a revised size of US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2026-2031.
North American market for Hardware in the Loop is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.
Asia-Pacific market for Hardware in the Loop is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.
Europe market for Hardware in the Loop is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.
The major global companies of Hardware in the Loop include dSpace GmbH, National Instruments, Vector Informatik, ETAS, Ipg Automotive GmbH, MicroNova AG, Aegis Technologies, HiRain Technologies and Opal-RT Technologies, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Hardware in the Loop, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hardware in the Loop.
The Hardware in the Loop market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Hardware in the Loop market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
Key Companies & Market Share Insights
In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, gross margin by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.
Hardware in the Loop Segment by Company
dSpace GmbH
National Instruments
Vector Informatik
ETAS
Ipg Automotive GmbH
MicroNova AG
Aegis Technologies
HiRain Technologies
Opal-RT Technologies
Eontronix
Typhoon HIL
LHP Engineering Solutions
Speedgoat GmbH
Wineman Technology (Genuen)
Modeling Tech
Hardware in the Loop Segment by Type
Closed Loop HIL
Open Loop HIL
Hardware in the Loop Segment by Application
Automotive
Aerospace & Defense
Power Electronics
Research & Education
Oil & Gas
Industrial Equipment
Industrial Components
Others
Hardware in the Loop Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Hardware in the Loop market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Hardware in the Loop and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Hardware in the Loop.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2020-2025, 2026-2031). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 5: Detailed analysis of Hardware in the Loop companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, revenue by country.
Chapter 12: Concluding Insights of the report
Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.
Hardware-in-the-loop (HIL) technique is used to analyze complex real-time embedded systems. The HIL system provides an effective platform which for reduce the complexity of the plant and control the test platform. HIL technology offers high-quality output and reduces the cost involved and time needed. Hence, it is widely preferred in many applications such as Aerospace & Defense, automotive, and others. Automotive sector adopts ECUs technology in accordance to meet various industry standards. Electronic companies use HIL technique in various applications such as nuclear power plant Chassis Systems, wind turbine generators, developing and testing of electronic grids, photovoltaic inverter, and so on.
According to APO Research, The global Hardware in the Loop market was estimated at US$ million in 2025 and is projected to reach a revised size of US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2026-2031.
North American market for Hardware in the Loop is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.
Asia-Pacific market for Hardware in the Loop is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.
Europe market for Hardware in the Loop is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.
The major global companies of Hardware in the Loop include dSpace GmbH, National Instruments, Vector Informatik, ETAS, Ipg Automotive GmbH, MicroNova AG, Aegis Technologies, HiRain Technologies and Opal-RT Technologies, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Hardware in the Loop, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hardware in the Loop.
The Hardware in the Loop market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Hardware in the Loop market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
Key Companies & Market Share Insights
In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, gross margin by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.
Hardware in the Loop Segment by Company
dSpace GmbH
National Instruments
Vector Informatik
ETAS
Ipg Automotive GmbH
MicroNova AG
Aegis Technologies
HiRain Technologies
Opal-RT Technologies
Eontronix
Typhoon HIL
LHP Engineering Solutions
Speedgoat GmbH
Wineman Technology (Genuen)
Modeling Tech
Hardware in the Loop Segment by Type
Closed Loop HIL
Open Loop HIL
Hardware in the Loop Segment by Application
Automotive
Aerospace & Defense
Power Electronics
Research & Education
Oil & Gas
Industrial Equipment
Industrial Components
Others
Hardware in the Loop Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Hardware in the Loop market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Hardware in the Loop and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Hardware in the Loop.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2020-2025, 2026-2031). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 5: Detailed analysis of Hardware in the Loop companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, revenue by country.
Chapter 12: Concluding Insights of the report
Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.
Table of Contents
112 Pages
- 1 Market Overview
- 2 Hardware in the Loop Market by Type
- 3 Hardware in the Loop Market by Application
- 4 Global Market Dynamics
- 5 Competitive Insights by Company
- 6 Company Profiles
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Concluding Insights
- 13 Appendix
1.1 Product Definition
1.2 Global Market Growth Prospects
1.3 Global Hardware in the Loop Market Size Overview by Region 2020 VS 2024 VS 2031
1.4 Global Hardware in the Loop Market Size by Region (2020-2031)
1.4.1 Global Hardware in the Loop Market Size by Region (2020-2025)
1.4.2 Global Hardware in the Loop Market Size by Region (2026-2031)
1.5 Key Regions Hardware in the Loop Market Size (2020-2031)
1.5.1 North America Hardware in the Loop Market Size Growth Rate (2020-2031)
1.5.2 Europe Hardware in the Loop Market Size Growth Rate (2020-2031)
1.5.3 Asia-Pacific Hardware in the Loop Market Size Growth Rate (2020-2031)
1.5.4 South America Hardware in the Loop Market Size Growth Rate (2020-2031)
1.5.5 Middle East & Africa Hardware in the Loop Market Size Growth Rate (2020-2031)
2.1 Type Introduction
2.1.1 Closed Loop HIL
2.1.2 Open Loop HIL
2.2 Global Hardware in the Loop Market Size by Type
2.2.1 Global Hardware in the Loop Market Size Overview by Type (2020-2031)
2.2.2 Global Hardware in the Loop Historic Market Size Review by Type (2020-2025)
2.2.3 Global Hardware in the Loop Market Size Forecasted by Type (2026-2031)
2.3 Global Hardware in the Loop Market Size by Regions
2.3.1 North America Hardware in the Loop Market Size Breakdown by Type (2020-2025)
2.3.2 Europe Hardware in the Loop Market Size Breakdown by Type (2020-2025)
2.3.3 Asia-Pacific Hardware in the Loop Market Size Breakdown by Type (2020-2025)
2.3.4 South America Hardware in the Loop Market Size Breakdown by Type (2020-2025)
2.3.5 Middle East and Africa Hardware in the Loop Market Size Breakdown by Type (2020-2025)
3.1 Type Introduction
3.1.1 Automotive
3.1.2 Aerospace & Defense
3.1.3 Power Electronics
3.1.4 Research & Education
3.1.5 Oil & Gas
3.1.6 Industrial Equipment
3.1.7 Industrial Components
3.1.8 Others
3.2 Global Hardware in the Loop Market Size by Application
3.2.1 Global Hardware in the Loop Market Size Overview by Application (2020-2031)
3.2.2 Global Hardware in the Loop Historic Market Size Review by Application (2020-2025)
3.2.3 Global Hardware in the Loop Market Size Forecasted by Application (2026-2031)
3.3 Global Hardware in the Loop Market Size by Regions
3.3.1 North America Hardware in the Loop Market Size Breakdown by Application (2020-2025)
3.3.2 Europe Hardware in the Loop Market Size Breakdown by Application (2020-2025)
3.3.3 Asia-Pacific Hardware in the Loop Market Size Breakdown by Application (2020-2025)
3.3.4 South America Hardware in the Loop Market Size Breakdown by Application (2020-2025)
3.3.5 Middle East and Africa Hardware in the Loop Market Size Breakdown by Application (2020-2025)
4.1 Hardware in the Loop Industry Trends
4.2 Hardware in the Loop Industry Drivers
4.3 Hardware in the Loop Industry Opportunities and Challenges
4.4 Hardware in the Loop Industry Restraints
5.1 Global Top Players by Hardware in the Loop Revenue (2020-2025)
5.2 Global Hardware in the Loop Industry Company Ranking, 2023 VS 2024 VS 2025
5.3 Global Hardware in the Loop Key Company Headquarters & Area Served
5.4 Global Hardware in the Loop Company, Product Type & Application
5.5 Global Hardware in the Loop Company Commercialization Time
5.6 Market Competitive Analysis
5.6.1 Global Hardware in the Loop Market CR5 and HHI
5.6.2 Global Top 5 and 10 Hardware in the Loop Players Market Share by Revenue in 2024
5.6.3 2024 Hardware in the Loop Tier 1, Tier 2, and Tier 3
6.1 dSpace GmbH
6.1.1 dSpace GmbH Comapny Information
6.1.2 dSpace GmbH Business Overview
6.1.3 dSpace GmbH Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.1.4 dSpace GmbH Hardware in the Loop Product Portfolio
6.1.5 dSpace GmbH Recent Developments
6.2 National Instruments
6.2.1 National Instruments Comapny Information
6.2.2 National Instruments Business Overview
6.2.3 National Instruments Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.2.4 National Instruments Hardware in the Loop Product Portfolio
6.2.5 National Instruments Recent Developments
6.3 Vector Informatik
6.3.1 Vector Informatik Comapny Information
6.3.2 Vector Informatik Business Overview
6.3.3 Vector Informatik Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.3.4 Vector Informatik Hardware in the Loop Product Portfolio
6.3.5 Vector Informatik Recent Developments
6.4 ETAS
6.4.1 ETAS Comapny Information
6.4.2 ETAS Business Overview
6.4.3 ETAS Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.4.4 ETAS Hardware in the Loop Product Portfolio
6.4.5 ETAS Recent Developments
6.5 Ipg Automotive GmbH
6.5.1 Ipg Automotive GmbH Comapny Information
6.5.2 Ipg Automotive GmbH Business Overview
6.5.3 Ipg Automotive GmbH Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.5.4 Ipg Automotive GmbH Hardware in the Loop Product Portfolio
6.5.5 Ipg Automotive GmbH Recent Developments
6.6 MicroNova AG
6.6.1 MicroNova AG Comapny Information
6.6.2 MicroNova AG Business Overview
6.6.3 MicroNova AG Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.6.4 MicroNova AG Hardware in the Loop Product Portfolio
6.6.5 MicroNova AG Recent Developments
6.7 Aegis Technologies
6.7.1 Aegis Technologies Comapny Information
6.7.2 Aegis Technologies Business Overview
6.7.3 Aegis Technologies Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.7.4 Aegis Technologies Hardware in the Loop Product Portfolio
6.7.5 Aegis Technologies Recent Developments
6.8 HiRain Technologies
6.8.1 HiRain Technologies Comapny Information
6.8.2 HiRain Technologies Business Overview
6.8.3 HiRain Technologies Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.8.4 HiRain Technologies Hardware in the Loop Product Portfolio
6.8.5 HiRain Technologies Recent Developments
6.9 Opal-RT Technologies
6.9.1 Opal-RT Technologies Comapny Information
6.9.2 Opal-RT Technologies Business Overview
6.9.3 Opal-RT Technologies Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.9.4 Opal-RT Technologies Hardware in the Loop Product Portfolio
6.9.5 Opal-RT Technologies Recent Developments
6.10 Eontronix
6.10.1 Eontronix Comapny Information
6.10.2 Eontronix Business Overview
6.10.3 Eontronix Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.10.4 Eontronix Hardware in the Loop Product Portfolio
6.10.5 Eontronix Recent Developments
6.11 Typhoon HIL
6.11.1 Typhoon HIL Comapny Information
6.11.2 Typhoon HIL Business Overview
6.11.3 Typhoon HIL Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.11.4 Typhoon HIL Hardware in the Loop Product Portfolio
6.11.5 Typhoon HIL Recent Developments
6.12 LHP Engineering Solutions
6.12.1 LHP Engineering Solutions Comapny Information
6.12.2 LHP Engineering Solutions Business Overview
6.12.3 LHP Engineering Solutions Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.12.4 LHP Engineering Solutions Hardware in the Loop Product Portfolio
6.12.5 LHP Engineering Solutions Recent Developments
6.13 Speedgoat GmbH
6.13.1 Speedgoat GmbH Comapny Information
6.13.2 Speedgoat GmbH Business Overview
6.13.3 Speedgoat GmbH Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.13.4 Speedgoat GmbH Hardware in the Loop Product Portfolio
6.13.5 Speedgoat GmbH Recent Developments
6.14 Wineman Technology (Genuen)
6.14.1 Wineman Technology (Genuen) Comapny Information
6.14.2 Wineman Technology (Genuen) Business Overview
6.14.3 Wineman Technology (Genuen) Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.14.4 Wineman Technology (Genuen) Hardware in the Loop Product Portfolio
6.14.5 Wineman Technology (Genuen) Recent Developments
6.15 Modeling Tech
6.15.1 Modeling Tech Comapny Information
6.15.2 Modeling Tech Business Overview
6.15.3 Modeling Tech Hardware in the Loop Revenue, Global Share and Gross Margin (2020-2025)
6.15.4 Modeling Tech Hardware in the Loop Product Portfolio
6.15.5 Modeling Tech Recent Developments
7.1 North America Hardware in the Loop Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
7.2 North America Hardware in the Loop Market Size by Country (2020-2025)
7.3 North America Hardware in the Loop Market Size Forecast by Country (2026-2031)
8.1 Europe Hardware in the Loop Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
8.2 Europe Hardware in the Loop Market Size by Country (2020-2025)
8.3 Europe Hardware in the Loop Market Size Forecast by Country (2026-2031)
9.1 Asia-Pacific Hardware in the Loop Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
9.2 Asia-Pacific Hardware in the Loop Market Size by Country (2020-2025)
9.3 Asia-Pacific Hardware in the Loop Market Size Forecast by Country (2026-2031)
10.1 South America Hardware in the Loop Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
10.2 South America Hardware in the Loop Market Size by Country (2020-2025)
10.3 South America Hardware in the Loop Market Size Forecast by Country (2026-2031)
11.1 Middle East & Africa Hardware in the Loop Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
11.2 Middle East & Africa Hardware in the Loop Market Size by Country (2020-2025)
11.3 Middle East & Africa Hardware in the Loop Market Size Forecast by Country (2026-2031)
13.1 Reasons for Doing This Study
13.2 Research Methodology
13.3 Research Process
13.4 Authors List of This Report
13.5 Data Source
13.5.1 Secondary Sources
13.5.2 Primary Sources
Pricing
Currency Rates
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