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Electric Vehicle (EV) Test Equipment Market Trends

Report ID: GMI6043
Published Date: Jun 2023
Report Format: PDF

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Electric Vehicle Test Equipment Market Trends

With the development of autonomous driving technology, there is an increasing need for EV test equipment that focuses on evaluating the performance and safety of autonomous systems. This includes testing solutions for sensor validation, vehicle-to-vehicle communication, and real-world simulation scenarios. Moreover, connected testing solutions enable real-time monitoring and remote control of testing equipment, providing flexibility, scalability & data-sharing capabilities. This allows efficient test management, collaboration among stakeholders, and streamlined testing processes.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of electric vehicle (EV) test equipment was worth USD 533.8 million in 2022 and is anticipated to observe around 9.5% CAGR between 2023 and 2032, says this GMI report.

Electric vehicle test equipment market revenue from the passenger car segment crossed USD 300 million in 2022 and will record more than 8.5% CAGR from 2023 to 2032 owing to the need for testing equipment to ensure the safety, performance, and compliance of passenger vehicles.

Asia Pacific electric vehicle test equipment market held approximately 35% of the market share in 2022 and will surpass USD 450 million by 2032 owing to the presence of numerous electric vehicle manufacturers, battery manufacturers, and suppliers of EV-related technologies in the region.

Horiba Ltd., AVL Chroma ATE, Dynomerk Controls, Intertek Group Plc, TÜV Rheinland, Keysight Technologies, Inc., Toyo System Co., Ltd., Maccor Inc., Durr Group, Wonik Pne Co., Ltd., and National Instruments Corporation.