In-depth Automotive Test Equipment Market Synopsis
The MMR offers a concise depiction of the “Automotive Test Equipment Market” industry, delivering an in-depth analysis of the Automotive Test Equipment Market. The comprehensive industry overview meticulously delves into the market's dimensions, encompassing various market dynamics such as strategies, market revenue, pricing analysis, micro and macro market trends, scenarios, and industry benchmarks. It extensively covers regional consumer preferences, market sizes, and industrial competition.
Automotive Test Equipment Market Growth Estimated:
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 4.1% from 2023 to 2029, reaching nearly US$ 4.30 Bn.
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Extent of the Market Report and Research Approach Automotive Test Equipment Market
The sizing of specific segments within the Automotive Test Equipment market was determined utilizing diverse secondary sources including industry associations, white papers, and journals. Primary methods incorporated surveys, questionnaires, and telephonic interviews with esteemed professionals, industry specialists, market leaders, entrepreneurs, and marketing experts. Employing PESTLE analysis facilitated comprehension of the potential impact of micro and macro-economic factors on the Automotive Test Equipment Market.
Thorough scrutiny of industry rivalry, comprising market leaders, followers, and emerging entrants, was conducted. Extensive primary research validated and confirmed crucial statistics attained post-comprehensive Automotive Test Equipment market engineering and calculations, encompassing market statistics, size estimations, forecasts, breakdowns, and data triangulation. Secondary data was gathered from annual reports, articles, paid and free databases, etc. The bottom-up approach was utilized to estimate regional and Automotive Test Equipment market sizes.
Automotive Test Equipment Market Divisibility
Global Automotive Test Equipment Market, by Vehicle Type (2022-2029)
• Passenger Car
• Commercial Vehicle
The market is divided into two segments based on the kind of vehicle: passenger cars and commercial vehicles. In the projected period of 2023–2029, the passenger car segment is anticipated to increase at a CAGR of sharply higher rates. As consumer buying power has increased and demand for passenger automobiles has increased in both developed and emerging countries, the market for automotive test equipment for passenger vehicles has expanded. The need for automobile test equipment has grown in tandem with the tightening of laws in several countries regarding emissions and vehicle safety performance.
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
The market is divided into categories based on the product type, including wheel alignment testers, fuel injection pump testers, gearbox dynamometers, vehicle emission test systems, chassis dynamometers and engine dynamometers. By 2029, the chassis dynamometer sector is anticipated to have the biggest market share. Low manufacturing and an expansion in the number of auto plants in developing nations are the causes of this. It also helps determine how well a vehicle's powertrain is operating overall and is commonly utilised for mileage accumulation and emission testing. The wheel alignment tester, vehicle emission test system, and engine dynamometer product categories are all included in the automotive test equipment market. A dynamometer can be used to measure force, torque, or power.
Global Automotive Test Equipment Market, by Application Type (2022-2029)
• Mobile device-based equipment
• PC/laptop-based equipment
The market is divided into two segments based on the kind of application: equipment based on mobile devices and equipment based on PCs and laptops. During the projected period of 2023–2029, the PC/laptop-based equipment category is anticipated to grow significantly at a CAGR . The bulk of testing equipment for PCs and laptops consists of a hardware and software package that contains all the necessary cables, hardware, and software. These PC-based systems come with capabilities to estimate horsepower and torque, figure out fuel economy, and map and log sensor data. Furthermore, many mechanics prefer to use PC/laptop based applications for data extraction and analysis from automotive components.
Global Automotive Test Equipment Market, by End-Market Type (2022-2029)
• OEM assembly plant
• OEM R&D/ technical center
• Authorized service center
Global Automotive Test Equipment Market, by Advance Technology Size (2022-2029)
• ADAS testing
• ECU testing
• Data logger system
• Simulation testing
• EV testing
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Localised Perspectives on the Automotive Test Equipment Industry
Regional analytics span across North America, South America, Asia Pacific, Europe, the Middle East, and Africa. The report entails a comprehensive elucidation of market sizes, trends, competition, and technology adoption on a regional basis.
The Automotive Test Equipment Market's Principal 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
Section Heading: Automotive Test Equipment Industry
Part 01: Executive Summary
Part 02: Scope of the Automotive Test Equipment Market Report
Part 03: Automotive Test Equipment Market Landscape
Part 04: Automotive Test Equipment Market Sizing
Part 05: Automotive Test Equipment Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Principal Products/Services:
- Historical Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curves by region (2018 to 2021)
- Industrial Manipulator Market Size, Share, and Forecast by different segments | 2023−2029
- Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Industrial Manipulator Market Segmentation – In-depth analysis by Type, Application, and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Market Leaders, Market Followers, Regional players
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s Analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
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