The global automotive test equipment market is estimated to grow from USD 2.2 billion in 2018 at a CAGR of 3.95% to reach USD 2.9 billion by 2025. Increased advancements in the test equipment technology will boost the automotive test equipment market.
Asia-Pacific is expected to be largest market for automotive test equipment. It is estimated to hold the largest market share, by value, in 2016. This can be mainly attributed to the rising vehicle production and the increasingly stringent safety standards for vehicles in the region.
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Report studies automotive test equipment market and forecasts its market size, by volume and value, based on type (chassis dynamometer, engine dynamometer, vehicle emission test system, and wheel alignment tester) and application (handheld scan tool, mobile device-based scan tool, PC/laptop-based scan tool, and vehicle emission test system) The increasing production of vehicles is expected to drive the automotive test equipment market in Asia-Pacific.
“Increasing adoption of mobiles in the automotive industry is expected to drive the mobile/tablet based equipment market.”
Ecosystem of automotive test equipment industry consists of manufacturers such as Robert Bosch GmbH (Germany), Siemens AG (Germany), and Honeywell International Inc. (U.S.), research institutes such as the Automotive Research Association of India (ARAI), European Automotive Research Partners Association (EARPA), and the United States Council for Automotive Research (USCAR), and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), & European Automobile Manufacturers Association (ACEA).
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The automotive test equipment market has been segmented on the basis of product, application, and vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles). In terms of product type, the vehicle emission test system segment is projected to grow at the highest CAGR from 2016 to 2021, followed by the engine dynamometer segment.
The automotive test equipment market has been segmented by application into handheld scan tool, mobile device-based scan tool, and PC/laptop-based scan tool. The handheld scan tool segment is expected to account for the largest market share, by value, in 2016.
Major players profiled in the report are:
- Robert Bosch GmbH
- Siemens AG
- Honeywell International Inc.
- ABB Ltd.
- Delphi Automotive PLC
- Softing AG
- Horiba Ltd.
- Actia S.A.
- AVL List GmbH
- SGS S.A.
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Testing vehicles requires sophisticated instruments and equipment, which add to the overall cost of test equipment. Additionally, the equipment needs to be updated to keep pace with changes or updates in regulations. Furthermore, the lack of R&D facilities for automotive testing lowers the quality of test equipment, and acts as a restraint for the automotive test equipment market.
The break-up of the primaries is as follows:
- By Company Type – Tier 1 – 42 %, Tier 2 – 26%, Others – 32%
- By Designation – C level – 40%, D level – 29%, Others – 31%
- By Region – North America – 38%, Europe – 22%, Asia-Pacific – 30%, RoW – 10%