From GlobeNewswire: 2025-06-09 09:10:00

The Hardware in the Loop Market is expected to reach USD 1982.74 million by 2032, with a CAGR of 10.87% from 2025-2032, driven by the increasing need for real-time testing in industries like automotive and electronics.

In 2024, North America dominated the HIL market with a 32.2% revenue share, while Asia Pacific is expected to register the highest CAGR from 2025-2032, led by companies like Toyota and Honda.

In 2024, the Closed Loop HIL segment led the market with a 53.5% share, while the aerospace and defense sector is expected to witness the highest CAGR from 2025-2032.

Leading market players in the HIL industry include dSPACE, National Instruments, and Siemens, offering essential hardware and software solutions for real-time testing and simulation.

Recent developments include Vector and MdynamiX releasing a compact test bench for steer-by-wire systems, and OPAL-RT Technologies opening a new UK office for real-time simulation and integration in power systems and aerospace.



Read more at GlobeNewswire: Hardware in the Loop Market Size to Hit USD 1982.74 million