Global Automotive Test Equipment Market Size, Share, Forecast Report, 2020-2027

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Automotive Test Equipment Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Automotive Test Equipment market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global automotive test equipment market size is projected to grow at a CAGR of 4.1% during the forecast period, to reach USD 3.7 billion by 2025 from an estimated USD 3.0 billion in 2020. The automobile industry has witnessed a continuous increase in the integration of electronics architecture in vehicles. The rising demand for safety and comfort features has led to huge innovations and R&D efforts from OEMs and automotive suppliers for the testing of electronics components and compliance with government regulations. Moreover, the overall weight of the vehicles has increased due to the integration of electronic features. The regulations about vehicular fuel consumption and emissions will boost the demand for automotive test equipment market.

The COVID-19 pandemic has led to the suspension of vehicle production and supply disruptions, which have brought the automotive industry to a halt. Lower vehicle sales will be a major concern for automotive OEMs for the next few quarters. According to experts, there is a slim chance of vehicle sale recovery in 2020. However, the automotive test equipment might experience an increased growth rate, which can be attributed to the increasing regulations concerned with the GHG emission from the vehicles. The increasing energy conservation movement/regulations concerned with automobiles will also impact the automotive test equipment market positively.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Automotive Test Equipment market are included as given below:

The global automotive test equipment market is dominated by major players such as ABB (Switzerland), Robert Bosch GmbH (Germany), Horiba Ltd(Japan), Honeywell (US), Siemens AG (Germany), and Delphi Technologies (UK). These companies have strong distribution networks at a global level. In addition, these companies offer an extensive range of products in the aftermarket. The key strategies adopted by these companies to sustain their market position are new product development, partnership, and expansion.

The global Automotive Test Equipment market has been segmented as below:

Based on vehicle type:

Passenger Car

Commercial Vehicle

Based on product type:

Chassis dynamometer

Engine dynamometer

Vehicle emission test system

Wheel alignment tester

Fuel injection pump tester

Transmission dynamometer

Based on application type:

Mobile device-based equipment

PC/laptop-based equipment

Based on end-market type:

OEM assembly plant

OEM R&D/ technical center

Authorized service center

Based on advance technology size:

ADAS testing

ECU testing

Data logger system

Simulation testing

EV testing

Based on the region:

Asia Pacific

China

India

Japan

South Korea

North America

US

Canada

Mexico

Europe

France

Germany

Italy

Spain

UK

Rest of the World

Brazil

Russia

Reasons to Purchase this Report:

Estimates Automotive Test Equipment development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects