Global Automotive Test Equipment Market 2017-2021
About Automotive Test Equipment
Automotive test equipment is required by automakers to ensure the safety of the passenger and compliance of the vehicle to governmental regulations before it is launched in the market. This equipment helps vehicles adhere to norms and undergo mandatory quality checks. The automotive test equipment sector is likely to experience certain challenges in the future in the form of cost pressure and the complexity of the system. Governmental norms and regulatory pressures in developing regions regarding the safety and emissions generated from automobiles are likely to become stringent.
Technavio’s analysts forecast the global automotive test equipment market to grow at a CAGR of 6.09% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive test equipment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Test Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive test equipment market: ABB, Delphi Automotive, HORIBA, and Robert Bosch.
Other Prominent Vendors in the market are: ACTIA Group, ADVANTEST, EM TEST, Freese Enterprises, Honeywell International, Moog, Presto Testing Instruments, Sierra Instruments, SPACE S.R.L, Técnicas Reunidas de Automoción, and Tesscorn.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing popularity of hybrid vehicles. Hybrid vehicles are the combination of diesel or petrol engine with an electric motor. The increased maintenance required for diesel engines coupled with emissions from vehicles has been riveting the automotive industry and leading to the development of hybrid vehicles.”
According to the report, one driver in the market is increased focus of customers on safety. Governments have implemented rules that require car manufacturers to maintain minimum level of safety features for passengers. Also, there are additional safety features provided by car manufacturers that ensure the safety of the driver and other passengers. Customers have shifted focus on the safety features of a car, which has become one of the deciding factors in purchasing a vehicle. This shift is mainly attributed to the increase in the number of road accidents, especially in regions where the rules for road safety are not followed.
Further, the report states that one challenge in the market is frequently changing emission norms. In order to increase the fuel efficiency of vehicles, reducing emissions, and ensuring the safety of customers, the government in each region has set certain standards that auto manufacturers must comply with. Also, vehicles that do not meet the minimum safety criteria are not allowed to be launched in the market. There are various quality checks and tests that a car is required to clear before it is launched. There are certain companies that provide the test equipment specific to a particular quality check for the vehicle.
ABB, Delphi Automotive, HORIBA, Robert Bosch, ACTIA Group, ADVANTEST, EM TEST, Freese Enterprises, Honeywell International, Moog, Presto Testing Instruments, Sierra Instruments, SPACE S.R.L, Técnicas Reunidas de Automoción, and Tesscorn.
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