Reliability and Efficiency: Pillars of the Effective Product Offerings by Top Automotive Test Equipment Manufacturers

The growing endeavor of industry players to develop advanced testing technologies is anticipated to open doors to new opportunities in the automotive test equipment space over the forthcoming years. In a bid to enhance the reliability and efficiency of testing processes, market players are placing a greater emphasis on investing in R&D activities for developing solutions that could provide precise results.

Some of the key application areas of the product include powertrain integration, charging infrastructure, electric motors, and battery systems in hybrid and electric vehicles. Test equipment also finds application in the efficacy evaluation of safety systems, comprising anti-lock brakes, seat belts, airbags, and electronic stability control.

Increasing industrialization and an escalating demand for commercial vehicles and passenger cars across various regions is anticipated to fare well for the market over the ensuing years. In light of these developments, automotive test equipment is vital for complying with government regulations and addressing environmental concerns. The products help in measuring fuel efficiency and emission levels. Citing an instance, the European Union mandates the installation of onboard diagnostics systems on vehicles. These systems would notify the driver regarding malfunctions in emission control systems through performance monitoring.

According to Fortune Business Insights, the global market size of automotive test equipment stood at USD 10.11 billion in 2022. The market is anticipated to expand from USD 10.42 billion in 2023 to USD 13.20 billion by 2030, exhibiting a CAGR of 3.44% over the study period. Considering the competitive landscape, top automotive test equipment manufacturers are implementing and adopting numerous strategies for outpacing their competitors. Some of the steps deployed by key players comprise acquisitions and collaborations. Besides, they are also keen to establish new test centers and launch new products to gain a competitive edge in the market.

Enlisted below are some of the top automotive test equipment manufacturers in the market:

1. Horiba, Ltd

Specialized in the production of precision instruments, Horiba Ltd., caters to the analysis and measurement requirements across various industries. The major application areas targeted by the company include environmental, scientific, medical, and automotive. The company’s interest in R&D activities has helped them in bringing a range of reliable industry leading products to the market.

Horiba is touted to secure a robust market foothold owing to its extensive experience, strategic expansion, and product portfolio. The automotive test equipment portfolio of the company includes emissions test systems, brake test systems, driveline test systems, and engine test systems.

2. AVL

AVL is focused on its expertise in the field of testing, development, and simulation of key mobility technologies within the auto sector and other industries. The Austria-based company is centered on the introduction of advanced technologies for the promotion of sustainable mobility and benefiting the environment.

Operating through three business segments, testing solutions, simulation solutions, and engineering solutions, AVL conducts its business through 90 locations at the global level. In addition, the company is focused on continuous investments in R&D activities.

3. MAHA Maschinenbau Haldenwang GmbH & Co. KG:

MAHA Maschinenbau Haldenwang GmbH & Co. KG, is one of the largest Automotive Test Equipment manufacturers at the global level. Operating at two production sites in the U.S. and Germany, the company has a global workforce of more than 1,000. The company provides products under various brands, such as ATT Workshop Testing Technology, SLiFT, MAHA, HETRA Heavy Duty Lifting Technology, and others.

MAHA’s product portfolio comprises lifting technology, brake testing technology, emission measurement technology, vehicle testing technology, headlight testing technology, performance measurement technology, and others.

4. Vector Informatik GmbH

Vector Informatik GmbH provides offerings in the field of automotive electronics development. The German-based company has over 4,000 employees at 33 locations at the global level. The company offers solutions for a range of applications that are complex in terms of quality and functionality. The major areas of application comprise aerospace, commercial vehicles, automotive, control technology, and medical sectors.

The range of tools offered by Vector for automotive engineers comprise CANdelaStudio, BASELABS Create Embedded, and CANoe Test Package EV, and others.

5. Continental AG

Continental AG is specialized in the production and distribution of automotive and transportation products. The German multinational company provides infotainment solutions, brake systems, tires, systems, and components for powertrains and chassis, technical elastomers, and vehicle electronics.

The Continental Group is categorized into group sectors, including Tires, Automotive, ContiTech, and Contract Manufacturing.

An Analysis of the Regional Landscape: Asia Pacific to Emerge as Key Revenue Hub

The increasing sales of electric vehicles (EV) in the Asia Pacific region is expected to drive the automotive test equipment demand for emissions testing, quality control, and safety evaluations. The region is a key manufacturing hub for the automotive sector and has recorded an increase in vehicle sales and production over the past years.  

Furthermore, Europe is set to register an escalating product demand given the upsurge in electric vehicle adoption in the region. Vehicle manufacturers in Europe require specialized equipment for assessing the compatibility of charging infrastructure, which is poised to favor the demand for a range of test equipment.

The market growth in North America can be attributed to strict safety regulations in Canada and the U.S. For instance, in April 2023, the U.S. EPA (Environmental Protection Agency) announced new standards for the reduction of harmful air pollutant emissions from medium-duty and light-duty vehicles beginning with model year 2027. In light of such regulations, automotive test equipment records a high significance in the region on account of constant developments in automotive technology.

Rising Autonomous Vehicle Demand to Augur Well for the Market in the Coming Years

In the years to come, the increasing autonomous vehicle demand across the globe is expected to propel the product adoption across various applications. The modernization in the auto sector is set to raise the product demand for assessing sensors, navigation systems, infotainment systems, and ECUs (Engine Control Units) installed in modern vehicles. The soaring urbanization and growing vehicle requirement for meeting the commuting needs of the escalating urban population are additional factors poised to impel the industry expansion.