Dublin, Feb. 25, 2019 (GLOBE NEWSWIRE) -- The "Automotive Test Equipment Market by Vehicle Type, Product Type, Application, End Market & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The overall automotive test equipment market is estimated to be USD 2.23 billion in 2018, and is projected to grow at a CAGR of 3.95% from 2018 to 2025, to reach USD 2.92 billion by 2025.
Factors such as infrastructural investments and GDP growth in emerging economies are driving vehicle sales, thereby spurring the growth of the automotive test equipment market. The chassis dynamometer and engine dynamometer segments are estimated to be the fastest growing segments in the product type. They are estimated to grow at a CAGR of 5.94% and 5.40% respectively. The chassis dynamometer is expected to grow from USD 222.7 million in 2018 to USD 333.6 million by 2025. Similarly, the engine dynamometer is expected to grow from USD 226.7 million in 2018 to USD 327.6 million by 2025.
The automotive industry has witnessed a rapid evolution with continuous developments in engineering and technology. Technological advancements and the advent of disruptive trends such as connected, autonomous, and electric vehicles have proliferated the demand for electronics in vehicles. As a result, the demand for the high level of testing is hugely required for the overall safety of these vehicles. The test that is conducted before the vehicle hits the road helps the OEMs to gauze its success.
Automotive test equipment is used by OEMs in the testing and validation of vehicles. This equipment plays a vital role in the production and post-production stages of vehicle development. The vehicle testing process involves performance, emission, and various other tests that require different equipment to measure numerous parameters and thereby, detect defects or deviations from standards.
The emission norms related to automotive have been very stringent and OEMs are continuously developing and testing new ways to reduce emissions. This has even paved the way for a new era of vehicles like the electric and the hydrogen vehicles. These vehicles are emission free and abide by the laws set by the national and regional government authorities. Owing to the increasing demand for electric vehicles, the market for emission and engine related test equipment will grow at a slower rate in the coming years.
There have been advancements in the automotive electronics part as well. At present, 70% or more cost of a vehicle is related to the electronic architecture. However, before enabling various electronic comfort and safety features, the architecture is tested and made sure it functions with optimal accuracy. Tests related to ADAS safety are performed in relation to it. Earlier, a lot of physical crash testing was performed to gauze the condition of a vehicle in case of an accident.
However, huge advancements in the field of crash testing have come up and simulation now plays an important role in measuring these scenarios. Crash simulation testing not only helps OEMs to save cost but lowers the use of crash testing facilities. This has been a huge boom to the overall automotive test equipment market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Electric Vehicle Production and Autonomous Vehicle Testing
5.2.1.2 Increasing Electronic Architecture in Modern Vehicles
5.2.1.3 Rise in Stringent Emissions Norms to Prevent Environmental Impact
5.2.1.4 Technological Advancements in Automotive Test Equipment
5.2.2 Restraints
5.2.2.1 High Cost of Advanced Technology Equipment
5.2.2.2 Lack of Trained Workforce for Advanced Test Equipment
5.2.2.3 Lack of R&D Facilities for Automotive Test Equipment
5.2.3 Opportunities
5.2.3.1 Analyzing Real-Time Vehicle Data and Simulation Testing
5.2.3.2 Increased Demand for High-Performance Vehicles
5.2.3.3 Monetizing Vehicle Data
5.2.3.4 Growing Demand for Onboard Diagnostic Tools
5.2.4 Challenges
5.2.4.1 Maintaining A Balance Between High Cost & Performance of Test Equipment
6 Industry Trends
6.1 Value Chain Analysis
6.2 Key Trend Analysis
6.3 Porter's Five Forces Analysis
6.4 Regulatory Overview
6.4.1 Vehicle Testing Regulation
6.4.2 Engine Testing Regulation
6.4.3 Regulations for Greenhouse Gas Emissions From Passenger Cars and Trucks
6.4.4 Regulations for Smog, Soot, and Other Air Pollution From Passenger Cars & Trucks
6.4.5 Regulations for Greenhouse Gas Emissions From Commercial Trucks & Buses
6.4.6 Regulations for Smog, Soot, and Other Air Pollution From Commercial Trucks & Buses
6.5 Innovation Overview
6.5.1 ECU Testing
6.5.2 Simulation Testing
6.5.3 ADAS Testing
6.5.4 Battery Testing
7 Automotive Test Equipment Market, By Product Type
7.1 Introduction
7.2 Research Methodology
7.3 Engine Dynamometer
7.3.1 North America is Estimated to Be Second Largest Market
7.4 Chassis Dynamometer
7.4.1 Increasing Regulations Pertaining to Vehicle Testing Will Propel Chassis Dynamometer Market
7.5 Vehicle Emission Test System
7.5.1 North America is Projected to Be Fastest Growing Market
7.6 Wheel Alignment Tester
7.6.1 RoW is Projected to Have Highest Growth Rate
7.7 Key Industry Insights
8 Automotive Test Equipment Market, By Application
8.1 Introduction
8.2 Research Methodology
8.3 Mobile/Tablet Based Equipment
8.3.1 North America is Estimated to Lead the Market in 2018
8.4 PC/Laptop Based Equipment
8.4.1 RoW is the Fastest Growing Market for PC/Laptop Based Application
8.5 Key Industry Insights
9 Automotive Test Equipment Market, By End Market
9.1 Introduction
9.2 Research Methodology
9.3 Authorized Service Centers
9.3.1 Growing Vehicle PARC in Asia Pacific Will Drive Automotive Test Equipment Market of Authorized Service Center
9.4 OEM Assembly Plant
9.4.1 Growing Production in China and India Will Boost OEM Assembly Plants Automotive Test Equipment Market
9.5 OEM R&D/Technical Center
9.5.1 Growing Emphasis on Technological Development of Test Equipment Will Propel Automotive Test Equipment Market for OEM R&D/Technical Center
9.6 Key Industry Insights
10 Automotive Test Equipment Market, By Vehicle Type
10.1 Introduction
10.2 Research Methodology
10.3 Passenger Car
10.3.1 Increasing Passenger Car Production in Countries in Asia Pacific Region Will Drive the Market
10.4 Commercial Vehicle
10.4.1 Light Commercial Vehicle
10.4.2 Heavy Commercial Vehicle
10.5 Key Industry Insights
11 Automotive Test Equipment Market, By Advance Technology
11.1 Introduction
11.2 ADAS Testing
11.3 ECU Testing
11.4 Data Logger
11.5 Simulation Testing
11.5.1 Crash Impact Simulation
11.5.2 Autonomous Driving Simulator
11.6 EV Testing
12 Automotive Test Equipment Market, By Region
13 Competitive Landscape
14 Company Profiles
14.1 Key Players
14.1.1 Bosch
14.1.2 Siemens
14.1.3 Delphi Technologies
14.1.4 Continental
14.1.5 Vector Informatik
14.1.6 Honeywell
14.1.7 ABB
14.1.8 Softing
14.1.9 Horiba
14.1.10 SGS
14.1.11 ACTIA
14.2 Other Regional Key Players
14.2.1 Asia Pacific
14.2.1.1 Autel
14.2.1.2 Ampro Testing Machines
14.2.1.3 NSM Solutions
14.2.1.4 Sinfonia
14.2.1.5 Denso
14.2.2 Europe
14.2.2.1 DSA Daten- und Systemtechnik
14.2.2.2 Ipetronik
14.2.2.3 Racelogic
14.2.2.4 MAHA Maschinenbau Haldenwang
14.2.2.5 Rohde-Schwarz
14.2.2.6 TUV SUD
14.2.2.7 EM Test
14.2.2.8 AVL
14.2.3 North America
14.2.3.1 Fluke
14.2.3.2 Moog
14.2.3.3 Sierra Instruments
14.2.3.4 PTM Electronics
14.2.3.5 MTS
14.2.3.6 Intertek
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