NEW YORK, May 5, 2015 /PRNewswire/ -- Scope
The research strives to provide a detailed analysis of the global integrated automotive test solutions market and its mechatronics test systems and electronics test systems segments. It also provides a detailed analysis about key sectors that investors will need to concentrate on to leverage its enormous potential in the future. Mechatronics test systems like chassis and engine dynamometers, vehicle emission testers, and wheel alignment testers will experience stable growth while electronics test systems such as Engine Control Unit (ECU) functional test systems will experience solid growth in the future.
Key Findings
•The test systems market for the automotive industry, which comprises both mechatronics test systems and electronics test systems, is expected to grow at a CAGR of xx% from 2014 to 2021 and reach $xxbillion by 2021.
•The mechatronics test systems segment will experience stable growth from 2014 to 2021 with a CAGR of xx%. Emission norms such as the Euro VI and VII, Environmental Protection Agency (EPA), and 2020 European Automobile Manufacturers' Association (ACEA), and fuel economy standards such as Corporate Average Fuel Efficiency (CAFE) and Corporate Average Fuel Consumption (CAFC) are major contributors to global growth.
•Powertrain technologies evolving in accordance with the varying strategies adopted by Original Equipment Manufacturers (OEMs) and the increasing emphasis on safety systems, such as brake and wheel systems in Asia-Pacific (APAC) countries, contribute to growth.
•The electronics test systems segment will experience excellent growth at a CAGR of xx%, as the requirements for telematics and connectivity testing increases.
•The Chinese market, which had the highest production of cars in 2014, is increasing its focus on telematics systems testing, thereby opening an avenue of opportunities in APAC for test systems providers.
•Telematics continues to be significant in the European and North American markets, as automotive OEMs increasingly utilize telematics systems to gain a competitive edge in these regions.
•Automotive OEMs want flexible and scalable test systems to meet their Research And Development (R&D) requirements; however, precision and modularity of test systems are the top priorities during manufacturing.
•Test providers are expanding globally and opening up to several mergers and acquisitions in the market. For instance, SGS acquired Commercial Aging Services (North America), Advanced Testing and Engineering (North America), and Gonzalo de Miguel Redondo (Europe).
•Test providers involved in endeavors pertaining to partial, semi-, and fully automated systems in cars, along with Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) connectivity, will have the expertise to meet the substantial testing requirements by 2021.
•APAC is expected to experience the highest growth, with China being a major contributor, followed by India.
•North America and Europe will have stabilized growth during the forecast period; while LATAM will only be a small contributor.
•Complete vehicle test systems will become essential, as sub-system and system level testing fails to meet automotive industry requirements effectively because of the lack of standardization in test systems.
•Simulation testing is also increasing in importance due to the growing demand to understand vehicle behavior and functionality under real-world conditions. This is especially true for autonomous driving.
Aim
•The aim of this research is to provide an elaborate assessment of the current scenario and future opportunities for test systems in the automotive industry—which comprises both mechatronics and electronics test systems.
Objectives
•To provide a strategic overview of key technology and market trends that will shape future test systems market in the automotive industry.
•To elaborately assess the important trends that impacted the market in North America, Europe, and APAC in 2014.
•To provide a strategic market analysis and forecast of the global test systems market for passenger vehicles from 2015 to 2021.
•To deliver a strategic market analysis and forecast of the mechatronics test systems segment for passenger cars along with an analysis of future opportunities.
•To deliver a strategic market analysis and forecast for the electronics test systems segment for passenger cars along with an analysis of future opportunities.
•To provide an actionable set of recommendations for market participants.
Read the full report: http://www.reportlinker.com/p02912451-summary/view-report.html
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