How Has the Automotive Test Equipment Market Grown and What is its Future Projection?
The automotive test equipment market has witnessed substantial growth in recent years. Rising from $14.87 billion in 2024 to an estimated $15.7 billion in 2025, the market is projected to burgeon at a compound annual growth rate (CAGR) of 5.6%. Factors such as adherence to safety and regulatory standards, consumer safety concerns, and the increasing complexity of vehicles have all contributed notably to the market’s upswing.
Furthermore, the size of the automotive test equipment market is anticipated to exhibit strong growth in the forthcoming years, reaching $20.81 billion by 2029, with a forecast CAGR of 7.3%. This acceleration can be ascribed to the advent of electric and autonomous vehicles, the demand for environmental testing for electric vehicles, software and firmware testing, cybersecurity, and the shift towards shared mobility.
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What is Driving the Growth of the Automotive Test Equipment Market?
Growth in the adoption of autonomous vehicles is expected to propel the growth of the automotive test equipment market. The prevalence of affordable autonomous vehicles and growing customer preferences for secured vehicles with autonomous features have led to a surge in their adoption. This has, in turn, increased the demand for automotive test equipment as these tools are quintessential for autonomous vehicle manufacturers to ensure their creation’s performance meets international regulations and safety criteria.
Which Key Market Segments are Driving the Automotive Test Equipment Market?
1. By Product Type: Chassis Dynamometer, Engine Dynamometer, Vehicle Emission Test system, Wheel Alignment Tester
2. By Vehicle Type: Passenger Car, Commercial Vehicles
3. By End User: Original Equipment Manufacturer (OEM) assembly plant, Original Equipment Manufacturer (OEM) R&D, technical center, Authorized Service Center
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Which Major Players Should You Look Out For in the Automotive Test Equipment Market?
Major players in the automotive test equipment market include Robert Bosch GmbH, Vector Informatik GmbH, Asea Brown Boveri Ltd., Siemens AG, Actia SA, Continental AG, Horiba Ltd., Softing AG, Teradyne Inc., MTS Systems Corporation, Denso Corporation, Technischer Überwachungsverein SÜD, PTM Electronics Inc., MAHA Maschinenbau Haldenwang GmbH & Co. KG, DSA Daten- und Systemtechnik GmbH, Millbrook Proving Ground Ltd., Sierra Instruments Inc., Snap-on Incorporated, AVL List GmbH, Delphi Technologies, SGS SA, Honeywell International Inc., SAKOR Technologies Inc., National Instruments Corporation, Cosworth Ltd., Danaher Corporation, MK Test Systems Ltd., Sun Electric Corporation, Cincinnati Test Systems Inc., Dewesoft d. o. o.
What Are the Emerging Trends in the Automotive Test Equipment Market?
Major companies in the automotive test equipment market are focusing on developing technologically advanced testing apparatus, such as Advanced Driver Assistance Systems (ADAS) test equipment. For example, in March 2023, AB Dynamics, a UK-based provider of automotive test and verification solutions, launched the ADAS/AV test equipment called LaunchPad Spin, showcasing the market’s innovative trends.
Which Region Dominates the Automotive Test Equipment Market and Which Will be the Fastest Growing?
In 2024, Asia-Pacific was the largest region in the automotive test equipment market and is slated to be the quickest growing region in the forthcoming years. Other regions covered in this report are Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Automotive Test Equipment Market Report 2025 Offer?
Automotive test equipment supports the testing of vehicle systems and components to ensure their safety, efficiency, and reliability. The Automotive Test Equipment Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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