DUBLIN–(BUSINESS WIRE)–The “Global In-Loop Hardware Market by Type (Open-Loop, Closed-Loop), Vertical (Automotive, Aerospace, Defense, Power Electronics, Research & Education), and Region (North America, APAC, Europe, Rest of the World) – Forecast to 2027″ report has been added to from ResearchAndMarkets.com offer.
The in-the-loop hardware market size is estimated to be USD 817 Million in 2022 and is projected to reach USD 1,291 Million by 2027, growing at a CAGR of 9.6% from 2022 to 2027.
Many industries such as automotive, aerospace, defense, semiconductors and energy continuously strive to reduce the time period used in product development stages where electronic controls are a part crucial to the product. Model-based design techniques such as the V-cycle are implemented by companies to accelerate the development of control systems during the development phase of a product. The hardware in the loop is used in the final stage of the control systems v-cycle product development.
In aircraft, complex electromechanical systems such as propulsion control systems, avionics, and flight control systems have electronic controllers and mechanical components. With the advancement of these systems, their complexity also increases, which requires rigorous testing, thus increasing the product development time. Loopback hardware testing provides benefits such as early testing using a virtual environment and system simulations; this allows testing of controllers and components, which can be tested in tandem with the product development phase. This reduces the duration of the testing and development phases.
Closed loop: the fastest type of material on the loop market
Closed-loop tests are performed on controllers that have a feedback loop. It is important to correct any error or drift in the output of the machine as the controller will receive a signal from the actuator or sensor. Loop test system hardware can mimic this functionality by using a physical or mathematical model to simulate the machine, system, or plant. This will ensure that the controller is operating in the desired state to get the output and corrects any errors in the output. Growing implementation of autonomous driving and ADAS in the automotive sector is expected to drive the demand for closed-loop hardware in loop systems in the future
Power electronics: fastest vertical hardware on the loop market
Loopback hardware testing helps test power electronic devices, such as electric motors and converters, by simulating the load connected to them; this allows these devices to be tested more quickly and reliably. LS Electric, a South Korean company providing power electronics solutions, used the Typhoon HIL system to solve some of the control engineering issues.
The company took on the challenge of implementing a solid controller design for 15 Power Electronic Building Block (PEBB), with verification of parallel operations and communication performance. Using real-time verification of the Typhoon HIL solution on a microsecond timescale, he was able to verify his high-speed controller for multiple PEBB operations with the goal of increasing the efficiency, reliability, and longevity of the system.
United States: Highest market share of North American hardware in the buckle market
The United States has the largest aerospace market. Loopback hardware testing is widely adopted by aerospace equipment manufacturers and suppliers nationwide. General Electric, Lockheed Martin, Boeing, SpaceX and Blue Origin are among the major players in the aerospace and defense sectors. The power electronics industry is strong in the country, with major manufacturers such as Texas Instruments, Magna Power Electronics, and Colorado Power Electronics servicing the power grid, power generation, and distribution applications to United States.
Market dynamics
Drivers
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Technological Advances in Electric and Autonomous Vehicles
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Faster product development with early stages of testing using hardware in the loop
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Growing demand in developing countries
Constraints
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High cost of ownership and technical complexity of implementation
Opportunities
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Adoption in new application areas such as power electronics and industrial robotics
Challenges
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Complexity of creating a real-time simulation
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Reluctance to invest
Companies cited
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Acutronics
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Add2 Limited
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Apps+
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Flowery controls
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Bluehalo
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Bosch
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Control laboratory
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dspace
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Electrobit Automotive
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Authentic
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IPG Automotive
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Konrad Technologies
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Lhp Engineering Solution
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Micronova
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Modelingtech
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National instruments
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Opale-Rt Technologies
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Pickering Interfaces
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plexim
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Siemens
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fast goat
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Spiritual Communications
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Typhoon Hill
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UAV navigation
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Vector Computing
For more information on this report, visit https://www.researchandmarkets.com/r/9cb0fg