The hardware in the loop is expected to grow at a CAGR of 8% from 584.73 M USD in 2016

Hardware-in-loop (HiL) simulation focuses on testing of Electronic Control Units (ECU) in virtual real time environment in order to scrutinize the behavior of controller under test. Use of HiL simulation in development process reduces time and cost involved in verification and validation of the ECU's development. Generally, HiL systems developed using dSPACE, National Instruments and other platforms used in automotive industry are very costly and sophisticated. The reason the use of a HIL process is becoming more prevalent in all industries is driven by two major factors: time to market and complexity.

The hardware in the loop is expected to grow at a CAGR of 8% from 584.73 M USD in 2016 to reach 927.5 M USD by 2022 in global market. The hardware in the loop market is related concentrated market; the revenue of top ten manufacturers accounts about 70% of the total revenue in 2016. The high-end products mainly come from Europe and USA.

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Innovation and Development of simulation test projects has led to the increasing demand for Hardware in the loop. Increasing simulation test projects across the globe, especially in the Asia-Pacific is another major factor, driving the growth of the HIL system market during the forecast period.

With increased focus on costumed simulation test, the HIL system market is likely to witness a growth in coming years.

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