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Hardware in the Loop Market

Hardware in the Loop Companies - dSPACE GmbH (Germany) and Emerson Electric Co. are the Key Players

The hardware in the loop market is estimated to be valued at USD 1,100.8 million in 2025 and is projected to reach USD 1,784.4 million by 2030, growing at a CAGR of 10.1%  from 2025 to 2030.

Two divergent approaches influence the hardware in the loop (HIL) marketplace. In the first approach, which differs from the more custom and scalable HIL solution efforts, companies like dSPACE GmbH and Emerson Electric Co. aim to combine precision simulation tools with real-time systems to enhance testing accuracy and reduce development times in the automotive and aerospace sectors. In the second approach, companies such as Siemens AG and Typhoon HIL focus on creating custom, scalable HIL solutions to meet the demand for developing standards in the context of emerging technological fields, such as artificial intelligence and electrification trends, across multiple industries.

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Major Hardware in the Loop Companies Include:

  • dSPACE GmbH (Germany)
  • Emerson Electric Co. (US)
  • Vector Informatic GmbH (Germany)
  • Elektrobit (Germany)
  • OPAL-RT Technologies (Canada)
  • Speedgoat GmbH (Switzerland)
  • Robert Bosch GmbH (Germany)
  • IPG Automotive GmbH (Germany)
  • Acutronic Holding AG (Switzerland)
  • Plexim GmbH (Switzerland)
  • Konrad GmbH (Germany)

Key players operating in the hardware in the loop market are dSPACE GmbH (Germany), Emerson Electric Co. (US), Vector Informatic GmbH (Germany), Elektrobit (Germany), OPAL-RT Technologies (Canada), Speedgoat GmbH (Switzerland), Robert Bosch GmbH (Germany), IPG Automotive GmbH (Germany), Acutronic Holding AG (Switzerland), Plexim GmbH (Switzerland), Konrad GmbH (Germany), MicroNova (Germany), LHP, Inc. (US), Genuen (US), Typhoon HIL (US), ModelingTech (China), Bloomy Controls (US), Controllab (Netherlands), Pickering Interfaces (UK), Applus+ (Spain), Add2 Limited (UK), BlueHalo (US), Siemens (Germany), Spirent Communication (US), and UAV Navigation (Spain).

dSPACE GmbH (Germany)

dSPACE is a major player in the hardware in the Loop (HIL) landscape, providing fully customizable and complete HIL solutions, especially in automotive, aerospace, and industrial automation spaces. The dSPACE HIL systems, which are based on a modular platform called SCALEXIO, allow the user to simulate and test complex electronic control units (ECUs) quickly and in real time. The company's market strategy focuses on customizability and seamless integration, allowing customers on each project to modify their HIL systems on an ongoing basis, based on applicable needs. The company also emphasizes early collaboration with OEMs and Tier 1 suppliers to ensure new technology standards, such as autonomous driving and electrification, are on course with their HIL environment(s). The significant investment in R&D means that dSPACE is committed to fully supporting end-to-end tool chains, from model-based design to testing and validation. This also supports dSPACE's evolving presence and impact on the HIL ecosystem over time. This is a key component of dSPACE's HIL system to respond to diverse customer needs while still being flexible and innovative.

Emerson Electric Co.

Emerson Electric Co. is one of the dominant players in the hardware in the Loop (HIL) market due to its remarkably flexible and software-centric approach to HIL. The company offers hardware in the loop product through National Instruments’ portfolio. NI's HIL products utilize the LabVIEW graphical programming environment and PXI-based modular hardware, which provides powerful real-time testing capabilities for embedded control systems in industries such as automotive, aerospace, and energy. A cornerstone of NI's strategy is its focus on open and customizable platforms that allow engineers to bring in third-party tools and grow systems as project complexity grows. Another priority of NI is to shorten time-to-market by facilitating rapid prototyping and iterative testing during the development lifecycle. In addition, NI's ecosystem allows the community to engage and share, making it easy for teams to overcome the barriers of re-using code and transitioning from a model-in-the-loop testing to full HIL testing. NI also collaborates with leading providers of certain technology solution areas to ensure the HIL platforms will support newly emerging standards such as ADAS and electric vehicle systems. Overall, the focus on openness, modularity, and speed to market gives NI a distinct advantage in the changing HIL landscape.

The hardware in the Loop (HIL) market is characterized by the presence of various well-established players, such as dSPACE, Emerson Electric Co., Vector Informatik, Elektrobit Automotive, and OPAL-RT Technologies, all of which branch off distinctive strengths and innovations that place them at the forefront of the market. dSPACE is a recognised provider with configurable and scalable HIL platforms, such as SCALEXIO, for real-time simulation to satisfy the demanding operational criteria of the automotive and aerospace industries for both autonomous systems and electrification. Emerson Electric Co. is known for its high-performance LabVIEW software and PXI-based modular hardware that support flexible, open HIL systems for rapid prototyping and scalable testing in many industrial applications. Vector Informatik is the dominant player in the automotive segment, offering tightly integrated HIL systems that complement its wider portfolio of embedded software tools to efficiently validate complex ECUs (electronic control units) and ADAS (advanced driver-assistance systems). Elektrobit Automotive has invested in its HIL system development to focus on software-defined vehicles that align with safety, connectivity, HIL solutions, and real-time responsiveness for next-generation vehicle architecture. OPAL-RT Technologies specializes in real-time simulation for various power systems and electric vehicles by providing hardware and models with high fidelity for power electronics and industrial applications.

Related Reports:

Hardware in the Loop Market by Offering (Hardware, Software and Consulting and System Design, System Integration, Maintenance and Support)), Type (Open Loop, Closed Loop), Vertical and Region - Global Forecast to 2030

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Hardware in the Loop Market Size,  Share & Growth Report
Report Code
SE 3883
RI Published ON
4/29/2025
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