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.
For complimentary access to more information on this research, please visit: http://bit.ly/1M6KE6v
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 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.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Global Integrated Automotive Test Solutions and its Future
Corporate Communications – North America
P: (210) 247.2481
F: (210) 348.1003