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Allied Market Research

Automotive Test Equipment Market by Product Type (Chassis Dynamometer, Engine, Dynamometer, Wheel Alignment Tester and Vehicle Emission Test System), End Market (OEM/R&D/ Technical Center, OEM Assembly Paint and Authorized Serviced Centers), Vehicle Type (Commercial Vehicles and Passenger Cars), Application (Mobile/tablet-based Equipment and PC/laptop-based Equipment) and Advanced Technology (ECU Testing, Data Logger, Simulation Testing, ADAS Testing and EV Testing): Global Opportunity Analysis and Industry Forecast, 2021–2027

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Aug 2021 | 513 Views
   
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COVID-19

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Automatic test equipment or automated test equipment is any apparatus that performs tests on a device. Tests are performed using automation to quickly perform measurements and evaluate the test results. Automatic test equipment can be a simple computer-controlled digital multi meter, or a complicated system containing dozens of complex test instruments. In addition, it is widely used in the electronic manufacturing industry to test electronic components and in military applications such as radar and wireless communication. Thus, rapid usage of this equipment leads to the growth of the automotive test equipment market in near future.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

 Product Type, End Market, Vehicle Type, Application, Advanced Technology

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Continental AG, Softing AG, ACTIA Group, ABB, Delphi Technologies, Vector Informatik GmbH, Siemens, SGS SA, Robert Bosch GmbH, Horiba; Honeywell International Inc., PTM Electronics, DENSO CORPORATION, and DSA Daten- und Systemtechnik GmbH

 

COVID-19 scenario analysis:

  • COVID-19 pandemic has major impacts on all aspects of industries, including the automotive sector, along with major manufacturers.
  • The downturn in productivity, disruption in automotive supply chain, and lockdown of manufacturing units have severely impacted the new car demand, supply, and registrations.
  • More use of vehicles results in more use of test equipment. However, due to COVID-19, there is no traffic and no demand for automotive test equipment.
  • COVID-19 pandemic has restricted travel and use of vehicles. These are expected to restart only when the situation is stable.
  • Original equipment manufacturers (OEMs) have also halted production, which has further decreased the demand for automotive test equipment.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

The significant factors that impact the growth of the automotive test equipment market are growth in adoption of autonomous vehicles and rise in concerns regarding the environment. However, high level of cost and implementation of advance testing equipment hamper the growth of the automotive test equipment market. Furthermore, increase in demand for vehicles and technological upgrades are expected to fuel the automotive test equipment market growth.

Growth in adoption of autonomous vehicles

Autonomous vehicles can drive themselves from starting point to a predetermined destination. The rise in adoption of autonomous vehicles leads to rapid increase in requirement of test equipment. Thus, increase in demand for autonomous vehicles leads to the growth of the automotive test equipment market in near future.

Rise in concerns regarding the environment

Rise in concerns regarding the environment and presence of strict regulations to curb emissions from vehicles have increased the demand for test equipment. Thus, increase in demand for test equipment leads to the growth of the automotive test equipment market in near future.

Key segments covered:

Segments

Sub-segments

   Product Type

  • Chassis Dynamometer
  • Engine Dynamometer
  • Wheel Alignment Tester
  • Vehicle Emission Test System

  End Market

  • OEM/R&D/ Technical Center
  • OEM Assembly Paint
  • Authorized Serviced Centers

  Vehicle Type

  • Commercial Vehicles
  • Passenger Cars

  Application

  • Mobile/tablet-based Equipment
  • PC/laptop-based Equipment

  Advanced Technology 

  • ECU Testing
  • Data Logger
  • Simulation Testing
  • ADAS Testing
  • EV Testing

 

Key benefits of the report:

  • This study presents the analytical depiction of the automotive test equipment market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the automotive test equipment market share.
  • The current market is analyzed from 2020 to 2027 to highlight the automotive test equipment market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the automotive test equipment market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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