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Electric Vehicle Test Equipment Market Driven by Stricter Regulations

Posted on by darion

Wilmington, Delaware, United States, Transparency Market Research Inc. – , July 4, 2024 (GLOBE NEWSWIRE) — The electric vehicle testing equipment market is expected to reach USD 270.0 million in 2023. reach 10.8% CAGR from 2024 to 2034, and by 2034 it is expected that the market reach USD 870.0 million.

There is a strong focus on battery performance, cycle life, and safety testing, which requires advanced test equipment because the battery is a critical component of electric vehicles. The evolution of wireless charging technology for electric vehicles is creating a new segment in test equipment to ensure safety, efficiency, and interoperability.

Collaboration between automakers, test labs and equipment manufacturers can lead to the development of innovative test solutions and the establishment of standard test protocols.

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Electric Vehicle Test Equipment Market: Key Players

This electric vehicle The test equipment market is characterized by the presence of numerous established players and emerging companies. The competitive landscape is influenced by factors such as technological innovation, product quality, pricing strategies, and strategic partnerships.

The following companies are among the well-known participants in the electric vehicle testing equipment market:

  • ALL-TEST Pro LLC
  • Arbin Instruments
  • AVL
  • CALTEST devices
  • Chen Tech Electric
  • Chroma ATE Inc.
  • DEKRA
  • DENSO CORPORATE
  • FEV Group GmbH
  • HORIBA
  • Intertek Group plc
  • KUKA AG
  • MAXEYE TECHNOLOGIES
  • Microtest Corporation
  • National Instruments Corp.
  • Softening AG
  • Teamtechnik GmbH
  • TÜV Rheinland

Key events

  • In 2023, Unico presented its new Unico Quantum Drive platform at the international battery seminar. This groundbreaking platform aims to help companies develop and validate electric vehicle batteries while reducing installation costs and ongoing operational expenses.

Key findings of the market report

  • Subsidies and initiatives promoting electric vehicles encourage manufacturers to expand their electric vehicle offerings, which increases the need for extensive testing during development and production.
  • The development of EV charging infrastructure requires reliable testing equipment to ensure performance, safety, and compatibility, which is driving market growth.
  • Enabling artificial intelligence and machine learning in test equipment helps with predictive maintenance, improved diagnostics, and automation of test processes, making testing more efficient and reliable.
  • To reduce charging times, it is necessary for test equipment to evaluate the performance and safety of fast charging systems, resulting in the need for specialized equipment.

Electric Vehicle Test Equipment Market Trends

  • The battery testing equipment segment is expected to drive the growth of the EV testing equipment market in terms of equipment type.
  • As EV adoption increases, the need for reliable and efficient batteries increases. This requires comprehensive battery testing to ensure performance, safety and durability, which drives the need for advanced battery testing equipment.
  • The hardware segment is expected to drive market growth.
  • Hardware components in electric vehicles, such as LiDAR, RADAR, cameras, and ultrasonic sensors, are becoming increasingly sophisticated. This complexity requires advanced test equipment to ensure all components function properly and integrate seamlessly.

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Global Electric Vehicle Testing Equipment Market: Regional Outlook

North America

  • Significant investments in electric vehicle charging infrastructure across North America are making electric vehicle ownership more feasible and convenient.
  • The region is a centre for automotive and technology innovation, and investment in research and development for electric vehicle technology is significant.

Asia and Pacific

  • Significant investment in expanding electric vehicle charging infrastructure in the region increases the feasibility of introducing electric vehicles.
  • Significant investments in research and development, as well as the creation of new production plants for electric vehicle components, are increasing the demand for advanced test equipment.

Electric Vehicle Test Equipment Market Segmentation

Type of equipment

  • AC/DC EVSE ATS
  • Battery Testing Equipment
  • Cellular Battery Testing
  • Testing modules/packages
  • Very high precision testing
  • Auxiliary
  • Central Data Solutions
  • Central monitoring and control solutions
  • Battery Test System Software
  • Opal-RT Real-time building management system HIL
  • Engine Test Equipment
  • Motor Stator Testing Systems
  • Engine rotor test systems
  • Motor Circuit Analysis (MCA) Test Equipment
  • Megaohmmeters
  • Resistance Testers
  • RCL Testers
  • Chassis dynamometers
  • Inverter testers
  • ATS On-Board Charger
  • EV Drive System Tests
  • Real-time simulation systems
  • Semiconductor Test Systems (STS)
  • Compact DAQ measurement kits
  • Others

Hi

  • Hardware
  • LiDAR
  • RADAR
  • Camera
  • Ultrasonic sensor
  • Others
  • Software
  • Others (HIL-SIL simulation, communication etc.)

Technology

  • Adaptive cruise control
  • Lane Keeping Assist and Lane Departure Warning
  • Tire Pressure Monitoring Systems
  • Blind spot detection
  • Adaptive front lighting systems
  • Night vision systems
  • Parking assistance systems
  • Automatic emergency braking
  • Frontal collision avoidance systems
  • Pedestrian Detection Systems
  • Road sign recognition
  • Traffic jam assistant
  • Driver Monitoring Systems/Drowsiness Monitoring Systems
  • Others

App

  • Battery systems
  • Electric motors and motor controllers
  • Charging systems
  • Power electronics
  • Vehicle control systems
  • Traction control
  • Regenerative braking
  • Stability control
  • Others
  • Others

Vehicle type

    • Two-wheelers
    • Passenger cars
    • Light commercial vehicles
    • Heavy trucks
    • Buses and coaches
    • Others

Type of electric vehicle

  • Battery Electric Vehicles (BEV)
  • Hybrid Electric Vehicles (HEV)
  • Plug-in hybrid vehicles (PHEV)
  • Fuel cell electric vehicles (FCEV)

The type of service

End User

  • OEM Manufacturers
  • Tier 1 Suppliers
  • Research and Academy
  • Others

Region

  • North America
  • South America
  • Europe
  • Asia and Pacific
  • Middle East and Africa

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