MOUNTAIN VIEW, Calif., July 22, 2015 /PRNewswire/ -- The global automotive test systems market is evolving rapidly backed by stringent emission regulations and increasing safety requirements. This dynamic market is growing through a major transformation as integration between the mechatronics test system providers and electronics test system providers pave way to address the OEMs needs.
Recent analysis from Frost & Sullivan, Global Integrated Automotive Test Solutions and its Future (https://www.frost.com/nefd), finds that the overall market is expected to record a compound annual growth rate (CAGR) of 6.7 percent till 2021. The mechatronics segment is likely to register a CAGR of 4.9 percent and the electronics segment a CAGR of 8.8 percent till 2021.
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The mechatronics test systems segment, which includes chassis and engine dynamometers, vehicle emission testers, and wheel alignment testers, will provide significant growth opportunities over the next five years. The electronics test systems which comprises of ECU functional test systems and telematics & connectivity test systems is set to experience excellent growth driven by the increasing electrification of cars.
"Ensuring the effective functioning of all automotive components and systems can be achieved only by integrating several test systems," said Frost & Sullivan Measurement and Instrumentation Research Analyst Apoorva Ravikrishnan. "Bringing multiple technologies to one platform will also equip test systems providers with the technological capabilities to meet diverse OEM demands."
With several automotive OEMs pointing out the unreliability of test systems due to the lack of standardization, the research and development (R&D) of a compatible, standardized test procedure is crucial. Test providers must also strike a balance between flexibility, scalability and cost-efficiency.
"By 2020, most mechatronics test providers will move into the electronics test systems market in a bid to overcome the challenges associated with integration and standardization," anticipated Ravikrishnan. "FEV GmbH, one of the top market participants in the mechatronics test systems segment, has already entered the electronics testing domain by taking DGE Inc. under its wing."
In the long term, investing in extensive R&D for test solutions pertaining to automated systems in vehicles and autonomous cars will help integrated automotive test solution providers keep pace with advancements and cash in on the global market's enormous potential.
Global Integrated Automotive Test Solutions and its Future is part of the Electronic Devices (http://ww2.frost.com/research/industry/electronics-security/electronic-devices) Growth Partnership Service program. Frost & Sullivan's related studies include: Global Internet of Things (IoT) Testing and Monitoring Equipment Market, Global Test, Measurement, and Instrumentation Market, Global Condition Monitoring Equipment Market, and Global Network and Application Security Testing Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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SOURCE Frost & Sullivan