About Automotive Performance Testing
Automotive performance testing is a process of analyzing the quality or capability of a vehicle. Performance testing in vehicles plays an important role to measure performance, stability, accuracy, and providing enhanced driver safety. Increasing ownership of personal vehicles with the increasing population will accelerate the demand for passenger car performance testing. Increasing applications of cutting-edge technologies in vehicles and emerging trends of self-driving vehicles across the globe will create significant opportunities for the performance testing of wireless automotive communication systems.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Players will contribute the maximum growth to Global Automotive Performance Testing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
VBOX Automotive (United Kingdom), Moog Inc. (United States), Siemens (Germany), Intertek (United Kingdom), DEKRA (Germany), Spirent (United Kingdom), IPG Automotive (Germany), Sushma Industries (India), Toyota (Japan) and AVL (Austria) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Automotive Performance Testing market by Type (Ride and Comfort Testing, Driving Simulator Testing, Fuel Tank Testing and Others), Application (Passenger Cars and Commercial Vehicles) and Region.
On the basis of geography, the market of Automotive Performance Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Solutions will boost the Automotive Performance Testing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Focus on Innovation and Development of Advanced Automotive Performance Testing Solutions
Market Growth Drivers:
Surging Demand of Advance Testing Solutions to Meet the Demand of Performance Testing and Increasing Demand of Ride and Comfort Testing for Passenger Cars
Challenges:
Challenges Associated with Performance Testing of Automotive Sensors
Restraints:
High Cost Associated with Vehicle Performance Testing Solutions
Opportunities:
Penetration of Connected and Autonomous Vehicles in the Market
Market Leaders and their expansionary development strategies
June 29, 2022 – UL Solutions, a global leader in applied safety science, today announced its acquisition of Data Test Labs, a Michigan-based company focusing on electrical, environmental and mechanical testing for automakers and their suppliers.
In December 2023, Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, has launched a new cloud-based development environment aimed at streamlining the software design process for automotive AI engineers. The new platform, AI Workbench, is an integrated virtual development environment that empowers automotive AI engineers to design, simulate and fine-tune their automotive software - all within the cloud.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Automotive Performance Testing Solution & Service Providers, Venture Capitalists and Private Equity Firms, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.