Global Automotive Test Equipment Market – Overview
Automotive testing equipments have gained significant market portion due to the emphasis placed on testing automobiles before they are made available to end users. Market reports linked to the healthcare industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is anticipated to advance at an accelerated CAGR in the forecast period.
The need to perform checks on automobiles and test the performance of vehicles is reaching significant momentum as manufacturers aim to provide the best quality in the end products. The automobile industry is significantly emphasizing on the USP of safety, which is projected to expand the market share of automotive test equipment substantially in the forecast period.
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Key Players:
Robert Bosch GmbH (Germany), Honeywell International Inc. (U.S.), Siemens AG (Germany), ABB Ltd. (Switzerland), Delphi Automotive PLC (U.K.), Actia S.A. (France), Advantest Corp (Japan), Horiba Ltd. (Japan), Softing AG(Germany), ACTIA Group (France), EM TEST (Switzerland), Freese Enterprises Inc. (U.S.), Moog Inc. (U.S.), Sierra Instruments (U.S.) and Teradyne Inc. (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Test Equipment Market.
Industry/ Innovation/ Related News:
September 2017- Advantest Corp sold V93000 Platform with Universal Analog Pin Module to TDK-Micronas for Testing Full Range of Automotive Sensors. By acquiring this flexible system, the company gained a fully integrated solution for final testing of sensors and controllers for automotive and industrial applications.
May 2013- Moog Inc. showcased Electric and Hydraulic Simulation Tables at the Automotive Testing Expo Europe 2013. Moog’s also provided a wide range of automotive testing equipment and systems which included Electric Simulation Tables, Tire Coupled Simulation Systems, Electric and Hydraulic Actuators, Servo Valves, Test Controllers and Test Software for multi-axis test systems.
December 2008 – EM TEST launched the automotive test equipment along with the new iso control software for automotive testing. The software offers a wide range of benefits to the users such as structured user interface which allows easy setting up of tests, pulse windows which tells the user where the selected test stands and integrates external measuring devices for DUT monitoring and automated pulse verification.
May 2005- Horiba Ltd. completed the acquisition of SCHENCK-Development Test Systems. This was accomplished to help the plan of the management to double the sales of their engine measurement business. This acquisition helped the company in rapid extension of their emission measurement and powertrain research and development business activities as a total system supplier to the automotive industry.
Automotive Test Equipment Market – Segmentation
The Automotive Test Equipment Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Product Type – Wheel Alignment Tester, Engine Dynamometer, Chassis Dynamometer, Vehicle Emission Test System
Segmentation by Vehicle Type – Light Commercial Vehicle, Heavy Commercial Vehicle, Passenger Cars
Segmentation by application – Mobile Device based Scan Tool, Handheld Scan Tool, PC/ Laptop based Scan Tool and others
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
Automotive Test Equipment Market – Regional Analysis
The Asia-Pacific region is expected to dominate the global automotive test equipment market owing to the presence of the developing countries such as India and China, where the automotive industry is growing at a faster pace. The market in the Asia Pacific region is also growing owing to factors such as increasing number of vehicle manufacturing facilities due to low cost of production, increasing production capacity and growing demand for light and heavy vehicles.
The North America region is a matured market for automotive test equipment. The original equipment manufacturers in the region are focusing on efforts for improvement of the production quality for delivering quality product. The demand for automotive test equipment in the North America region is also being driven by the strict emission norms regarding CO2 and NOx emissions. Also, many original equipment manufacturers are setting up engine and assembly plants in Mexico and Canada, which is increasing the demand for automotive test equipment.
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