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The Worldwide Hardware in the Loop Industry is Projected to Reach $1.2 Billion by 2027DUBLIN, Sept. 29, 2022 /PRNewswire/ -- The "Global Hardware in the Loop Market by Type (Open Loop, Closed Loop), Vertical (Automobile, Aerospace, Defense, Power Electronics, Research & Education) and Region (North America, APAC, Europe, Rest of the World) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
Many industries such as automobile, aerospace, defense, semiconductor, and energy are continuously working on reducing the time period utilized in product development stages where electronic controls are a crucial part of the product. Model-based design techniques such as V-cycle are implemented by companies to speed up the development of control systems during the development phase of a product. Hardware in the loop is used in the last stage of the V-cycle product development of control systems. In aircraft, complex electromechanical systems such as propulsion control systems, avionics, and flight control systems have electronic controllers and mechanical components. With the advancement in these systems, their complexity also increases, which requires rigorous testing, thus increasing the product development time. Hardware in the loop testing provides benefits such as early testing using a virtual environment and system simulations; this allows testing of the controllers and components, which can be tested in tandem with the product development phase. This reduces the time duration of the testing and development phases. Closed Loop: The fastest type in hardware in the loop market Closed loop testing is done on controllers that have a feedback loop. It is important to correct any error or drift in the output of the machine as the controller will receive a signal from the actuator or sensor. Hardware in the loop test system can mimic this functionality by utilizing a physics or mathematical model for simulating the machine, system, or plant. This will ensure the controller is operating in the desired state to achieve the output and is correcting any error in the output. The rising implementation of autonomous driving and ADAS across the automotive sector is expected to boost the demand for closed loop hardware in the loop systems in the future Power electronics: Fastest vertical of hardware in the loop market Hardware in the loop testing helps in testing power electronic devices, such as electric motors and converters, by simulating the load connected to it; this helps in faster and reliable testing of these devices.LS Electric, a South Korean company providing power electronics solutions, used Typhoon HIL system to resolve some of the control engineering problems. The company faced the challenge of setting up a strong controller design for 15 Power Electronic Building Block (PEBB), with verification for parallel operation and communication performance. Using Typhoon HIL solution's real-time verification on a microsecond time-step scale, it was able to verify its high-speed controller for multiple PEBB operations with the aim of increasing the efficiency, reliability, and longevity of the system. US: The highest market share in North American hardware in the loop market The US has the largest aerospace market. Hardware in the loop testing is widely adopted by the manufacturers and suppliers of aerospace equipment in the country. General Electric, Lockheed Martin, Boeing, SpaceX, and Blue Origin are some of the prominent players in the aerospace and defense industries. The power electronics sector is strong in the country, with major manufacturers such as Texas Instruments, Magna Power Electronics, and Colorado Power Electronics catering to the power grid, power generation, and distribution applications in the US. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Hardware in the Loop Market, by Type 7 Hardware in the Loop Market, by Vertical 8 Hardware in the Loop Market, by Region 9 Competitive Landscape 10 Company Profiles 11 Appendix For more information about this report visit https://www.researchandmarkets.com/r/axnebn Media Contact: Research and Markets Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/the-worldwide-hardware-in-the-loop-industry-is-projected-to-reach-1-2-billion-by-2027--301636695.html SOURCE Research and Markets |