Automotive Test Equipment Market Overview
A comprehensive analysis of the “Automotive Test Equipment Market” has been provided by the Automotive Test Equipment research company Maximise Market Research. Key business insights, demand analysis, pricing analysis, and a competitive landscape are all included in the report.
Automotive Test Equipment Market size was valued at US$ 3.24 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 1% from 2023 to 2029, reaching nearly US$ 30 Bn.
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Automotive Test Equipment Market Scope and Methodology:
An extensive study of market participants in the Automotive Test Equipment market is provided in the report. It offers a thorough examination of the international, regional, national, and local Automotive Test Equipment markets. The competition analysis section identifies key market participants from a variety of geographical areas and provides information on their revenue, financial condition, portfolio, and technological advancements. Based on certain criteria, a segment-by-segment analysis of the Automotive Test Equipment market is carried out to identify the positive and negative market growth influences. The study provides projections for market size, growth rate, and present and future trends in the Automotive Test Equipment market by analysing primary and secondary data sources. The market size estimation for various segments is validated using the bottom-up methodology. Both primary and secondary data are included in the report.
Utilising tools like SWOT analysis, PESTLE analysis, and Porter’s Five Forces analysis, both qualitative and quantitative research approaches are used. These analytical tools offer insightful data about the Automotive Test Equipment market, including factors that are driving and inhibiting growth. Overall, the study helps investors, stakeholders, and market observers of the Automotive Test Equipment market make wise decisions by acting as a thorough reference.
Automotive Test Equipment Market Regional Insights
The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis provides the Automotive Test Equipment market status of various countries included in the report. The Automotive Test Equipment market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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What is Automotive Test Equipment Segmentation?
1 Global Automotive Test Equipment Market, by Vehicle Type (2022-2029)
• Passenger Car
• Commercial Vehicle
The market is divided into two categories based on the kind of vehicle: passenger cars and commercial vehicles. The passenger car segment is anticipated to expand quickly at a CAGR from 2023 to 2029. Due to rising consumer buying power and increased demand for passenger automobiles in both developed and emerging countries, there has been an increase in the market for automotive test equipment for passenger vehicles. A number of countries’ stricter rules on emissions and vehicle safety performance have boosted the demand for automotive test equipment.
2 Global Automotive Test Equipment Market, by Product Type (2022-2029)
• Chassis dynamometer
• Engine dynamometer
• Vehicle emission test system
• Wheel alignment tester
• Fuel injection pump tester
• Transmission dynamometer
Chassis dynamometer, Engine dynamometer, Vehicle Emission Test System, Wheel Alignment Tester, Fuel Injection Pump Tester, and Transmission Dynamometer are the market segments based on Product Type. By 2029, the chassis dynamometer sector is anticipated to have the biggest market share. Low production and a rise in the number of auto plants in developing nations are to blame for this. It helps assess how well a vehicle’s drivetrain functions overall and is typically utilised for mileage accumulation and emission testing. Product categories for the engine dynamometer, wheel alignment tester, and vehicle emission test system are also available on the market for automotive test equipment. A dynamometer can be used to measure power, force, or torque. For simulated road loading, the chassis dynamometer and engine dynamometer are used.
3 Global Automotive Test Equipment Market, by Application Type (2022-2029)
• Mobile device-based equipment
• PC/laptop-based equipment
The market is divided into mobile device-based equipment and PC/laptop-based equipment according to the application type. The PC/laptop-based equipment market is anticipated to expand quickly between 2023 and 2029 at a CAGR. A hardware and software kit with all the necessary cables, hardware, and software makes up the majority of PC/laptop-based testing equipment. These computer-based systems have tools for visualising and logging sensor data, calculating fuel efficiency, and calculating horsepower and torque. Additionally, a lot of mechanics prefer PC/laptop based data extraction and analysis tools from automobile components.
4 Global Automotive Test Equipment Market, by End-Market Type (2022-2029)
• OEM assembly plant
• OEM R&D/ technical center
• Authorized service center
5 Global Automotive Test Equipment Market, by Advance Technology Size (2022-2029)
• ADAS testing
• ECU testing
• Data logger system
• Simulation testing
• EV testing
Who are Automotive Test Equipment Key Players?
1. Honeywell Industrial Inc.
2. Siemens AG
3. Robert Bosch GmbH
4. ABB Ltd
5. Delphi Automotive PLC
6. Softing AG
7. Horiba Ltd.
8. SGS S.A
9. Actia S.A.
10. AVL List GmbH
11. Sierra Instruments
12. SPACE S.R.L
13. Moog
14. ADVANTEST
15. Freese Enterprises
16. Continental AG
17. Vector Informatik GmbH
18. PTM Electronics
19. DENSO CORPORATION
20. Millbrook Proving Ground
21. TÜV SÜD
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Key questions answered in the Automotive Test Equipment Market are:
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