Press Release
Press Release
The hardware in the loop market is driven by the rising application of HIL (Hardware in the Loop) technology in the automotive industry, owing to the growing need to boost the efficiency of sensors, actuators, and various other mechanical components. The rising demand for power electronics in the automotive industry will further aid the market. Over the forecast period, the growing expansion of the major HIL technology providers in developing countries is likely to augment the market growth. The HIL technology is time and cost-effective and is likely to witness a significant increase in adoption by the aerospace industry.
In March 2019, NVIDIA Corporation (NASDAQ: NVDA) collaborated with Cognata Ltd. for large-scale hardware in the loop autonomous vehicle simulation. The NVIDIA DRIVE constellation-cloud-based validation platform will support Cognata’s scenario and traffic models. In November 2019, NATIONAL INSTRUMENTS CORP. (NASDAQ: NATI) announced the collaboration with ETAS GmbH, aimed towards advancing the Hardware in the loop validation.
In terms of region, North America is likely to account for a significant share in the market, owing to the rising investments towards the research and development activities in the aerospace and defense industry. Regions like the United States of America and Canada are anticipated to provide lucrative opportunities to the major automotive, aerospace and defense, and power electronics industries, which is likely to be an aiding factor of the market in the region.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global hardware in the loop industry are Robert Bosch Engineering and Business Solutions Private Limited, Seimens Aktiengesellschaft, IPG Automotive GmbH, dSPACE GmbH, Speedgoat GmbH, and NATIONAL INSTRUMENTS CORP., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.