Hardware In The Loop Market 2030: Unlocking the Potential of Closed and Open Loops
Hardware In The Loop Market Growth & Trends The global hardware in the loop market is anticipated to reach USD 1.38 billion by 2030, expanding at a CAGR of 11.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing adoption of electric vehicles (EVs) has emerged as a significant driver of innovation and growth in the Hardware-in-the-Loop (HIL) market. EV manufacturers rely on HIL testing to validate the performance, efficiency, and safety of electric drivetrains, battery management systems, and vehicle control algorithms. HIL simulation enables engineers to assess the integration of electric propulsion systems with vehicle dynamics, ensuring seamless operation under various driving conditions. Moreover, HIL platforms facilitate testing for EV components such as regenerative braking systems, power electronics, and thermal management systems, optimizing their performance and reliability. As the demand for EVs continues to rise globally, the...