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Electric Vehicle Test Equipment Market by Vehicle Type, Application, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 173
  • SKU: IRTNTR74774
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The electric vehicle test equipment market is estimated to grow at a CAGR of 23.11% between 2022 and 2027. The size of the market is forecast to increase by USD 117.98 million. The growth of the market depends on serval factors, including the growing EV automotive industry, increasing government support, and the rise in technological advancements.

This report extensively covers market segmentation by vehicle type (hybrid electric vehicles, battery electric vehicles, and plug-in hybrid electric vehicles), application (EV component, EV charging, and powertrain), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Electric Vehicle Test Equipment Market During the Forecast Period?

Electric Vehicle Test Equipment Market Size

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Parent Market Analysis

Technavio categorizes the global electric vehicle (EV) test equipment market as a part of the global automotive components and accessories market within the global auto components market. The global automotive components and accessories market covers companies engaged in the production of parts and accessories for automobiles such as passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Electric Vehicle Test Equipment Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing EV automotive industry is notably driving the market growth, although factors such as the lack of appropriate skillsets for testing may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Electric Vehicle Test Equipment Market Driver

The growing EV automotive industry is a key factor driving the growth of the global EV test equipment market. The EV automotive industry consists of a number of companies that design, develop, manufacture, and sell various types of vehicles, such as hybrid EVs, plug-in hybrid EVs, and battery EVs. It has experienced significant growth globally, owing to a rise in sales. Global population growth is one of the main reasons behind the growth of the market as it leads to increased demand for electric vehicles.

Some of the major automobile-producing countries are China, the USA, Japan, Germany, and India. Many of his OEMs focus on developing technology that their customers need. Including electric vehicles in their product lines helps automakers meet stringent carbon emission requirements. Electric vehicle sales are on the rise. As the automotive industry grows, so does the need for EV test equipment to ensure vehicle safety and performance. Therefore, rapid growth in the automotive industry is expected to boost the demand for EV test equipment during the forecast period.

Significant Electric Vehicle Test Equipment Market Trend

The emergence of digital testing is a key trend in the global growth of the EV test equipment market. The advent of digital technology brings about a major change in electric vehicle testing. Many EV test equipment providers are harnessing cutting-edge technologies, such as a virtual testing platform, to transform their service offerings. Physical inspection of vehicles has largely been replaced by digital inspection.

Moreover, the department uses the system to test and tune electronic control units (ECUs) to improve technology that supports smart, connected cars. Such developments are expected to boost the demand for EV test equipment, resulting in growth in the focus market during the forecast period.

Major Electric Vehicle Test Equipment Market Challenge

Lack of proper testing skills is a major challenge to the growth of the global EV test equipment market. Even with the optimal configuration for testing engine and battery performance, it is essential to extract the correct information from the test system. A lack of knowledge about the information to be extracted can lead to undesirable results or errors in results. Measurement inaccuracies can therefore also be attributed to a lack of powertrain-specific skills. EV test system operators need a deep understanding of EV test procedures, driving cycles, and how the system works.

Tests are reproducible, but for measurement results to be accurate and comparable, operators must control variables that can affect the accuracy of test results. Additionally, improper selection of test system operators can lead to inaccurate measurements. Advances in test cycles and devices continue to meet evolving EV testing needs, but the market lacks such capabilities. Such factors will adversely affect the market in focus during the forecast period.

Key Electric Vehicle Test Equipment Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Electric Vehicle Test Equipment Market Share by Geography

Global Electric Vehicle Test Equipment Market Customer Landscape

Who are the Major Electric Vehicle Test Equipment Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

arbin.com - The company offers electric vehicle test equipment that can address the unique usage conditions that these batteries face on the road. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • ATESTEO GmbH & Co. KG
  • AVL List GmbH
  • Chroma ATE Inc.
  • comemso electronics GmbH
  • Crystal Instruments Corp.
  • Dewesoft d.o.o.
  • Durr AG
  • FEV Group GmbH
  • HORIBA Ltd.
  • Keysight Technologies Inc.
  • KUKA AG
  • Maccor Inc.
  • National Instruments Corp.
  • PCE Holding GmbH
  • Softing Automotive Electronics GmbH

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Electric Vehicle Test Equipment Market?

The market share growth by the hybrid electric vehicles segment will be significant during the forecast period. The hybrid electric vehicles (HEVs) segment dominated the market in focus by vehicle type in 2022 in terms of market size. It is expected to witness significant growth during the forecast period owing to factors such as the growing popularity of HEVs, increasing production and launching of new models, and increasing complexity due to the combination of an internal combustion engine along with one or more electric motors.

Electric Vehicle Test Equipment Market Size

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The hybrid electric vehicles segment was valued at USD 20.48 million in 2017 and continue to grow by 2021As the popularity of HEVs is growing, major automakers are tapping into this opportunity by ramping up production and testing, which in turn increases the demand for EV test equipment. The market in focus will continue to grow during the forecast period due to increasing demand and high production figures. For instance, under its electrification campaign, Volkswagen plans to launch around 60 hybrid models by the end of 2030. Several international automakers are entering into JV with domestic brands to develop and produce numerous HEVs. Thus, the growing number of HEVs development is anticipated to increase the demand for HEVs test equipment for various vehicle components, such as motor and torque performance. This, in turn, will propel the growth of the market in focus during the forecast period.

Which are the Key Regions for the Electric Vehicle Test Equipment Market?

Electric Vehicle Test Equipment Market Share by Geography

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APAC is estimated to contribute 57% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Promising economic growth potential in emerging countries (such as China and India) and government initiatives are driving the regional market in focus during the forecast period. While market players are investing in technology to drive innovation in electric vehicles (EVs) testing equipment, players are also expanding production facilities and setting up new facilities to cater to growing regional demand and beyond. These factors are expanding the regional EV test equipment market demand during the forecast period.

However, automobile manufacturing has been recovering since 2021, with the initiation of the vaccination drive and the resumption of normalcy in the region. Various EV automakers are focusing on increasing production and reducing supply chain disruptions as their paramount goal after the COVID-19 outbreak has been contained. Also, automotive companies have been increasing their sales and investing in EV production with supportive government initiatives. The plan is expected to attract USD 14 billion in investments over five years. Such developments are anticipated to increase the demand for EV testing equipment, thereby driving the growth of the regional market in focus during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Vehicle Type (Hybrid electric vehicles, Battery electric vehicles, and Plug-in hybrid electric vehicles), Application (EV component, EV charging, and Powertrain), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).

  • Vehicle Type Outlook (USD Million, 2017 - 2027)
    • Hybrid electric vehicles
    • Battery electric vehicles
    • Plug-in hybrid electric vehicles
  • Application Outlook (USD Million, 2017 - 2027)
    • EV component
    • EV charging
    • Powertrain
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Electric Vehicle Test Equipment Market Scope

Report Coverage

Details

Page number

173

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 23.11%

Market growth 2023-2027

USD 117.98 million

Market structure

Fragmented

YoY growth 2022-2023(%)

20.77

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 57%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Arbin Instruments, ATESTEO GmbH & Co. KG, AVL List GmbH, Chroma ATE Inc., comemso electronics GmbH, Crystal Instruments Corp., Dewesoft d.o.o., Durr AG, FEV Group GmbH, HORIBA Ltd., Keysight Technologies Inc., KUKA AG, Maccor Inc., National Instruments Corp., PCE Holding GmbH, Softing Automotive Electronics GmbH, SureView Instruments, TUV Rheinland AG, Unico LLC, and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Electric Vehicle Test Equipment Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the electric vehicle test equipment market between 2023 and 2027
  • Precise estimation of the size of the electric vehicle test equipment market size and its contribution the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of electric vehicle test equipment market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Vehicle Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global electric vehicle test equipment market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global electric vehicle test equipment market 2017 - 2021 ($ million)
    • 4.2 Vehicle type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Vehicle Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Vehicle Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Vehicle Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Vehicle Type
      • Exhibit 32: Chart on Comparison by Vehicle Type
      • Exhibit 33: Data Table on Comparison by Vehicle Type
    • 6.3 Hybrid electric vehicles - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Hybrid electric vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Hybrid electric vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Hybrid electric vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Hybrid electric vehicles - Year-over-year growth 2022-2027 (%)
    • 6.4 Battery electric vehicles - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Battery electric vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Battery electric vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Battery electric vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Battery electric vehicles - Year-over-year growth 2022-2027 (%)
    • 6.5 Plug-in hybrid electric vehicles - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Plug-in hybrid electric vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Plug-in hybrid electric vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Plug-in hybrid electric vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Plug-in hybrid electric vehicles - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Vehicle Type
      • Exhibit 46: Market opportunity by Vehicle Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 47: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 49: Chart on Comparison by Application
      • Exhibit 50: Data Table on Comparison by Application
    • 7.3 EV component - Market size and forecast 2022-2027
      • Exhibit 51: Chart on EV component - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on EV component - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on EV component - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on EV component - Year-over-year growth 2022-2027 (%)
    • 7.4 EV charging - Market size and forecast 2022-2027
      • Exhibit 55: Chart on EV charging - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on EV charging - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on EV charging - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on EV charging - Year-over-year growth 2022-2027 (%)
    • 7.5 Powertrain - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Powertrain - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Powertrain - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Powertrain - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Powertrain - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 63: Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Arbin Instruments
              • Exhibit 116: Arbin Instruments - Overview
              • Exhibit 117: Arbin Instruments - Product / Service
              • Exhibit 118: Arbin Instruments - Key offerings
            • 12.4 ATESTEO GmbH and Co. KG
              • Exhibit 119: ATESTEO GmbH and Co. KG - Overview
              • Exhibit 120: ATESTEO GmbH and Co. KG - Product / Service
              • Exhibit 121: ATESTEO GmbH and Co. KG - Key offerings
            • 12.5 AVL List GmbH
              • Exhibit 122: AVL List GmbH - Overview
              • Exhibit 123: AVL List GmbH - Product / Service
              • Exhibit 124: AVL List GmbH - Key offerings
            • 12.6 Chroma ATE Inc.
              • Exhibit 125: Chroma ATE Inc. - Overview
              • Exhibit 126: Chroma ATE Inc. - Business segments
              • Exhibit 127: Chroma ATE Inc. - Key offerings
              • Exhibit 128: Chroma ATE Inc. - Segment focus
            • 12.7 comemso electronics GmbH
              • Exhibit 129: comemso electronics GmbH - Overview
              • Exhibit 130: comemso electronics GmbH - Product / Service
              • Exhibit 131: comemso electronics GmbH - Key offerings
            • 12.8 Dewesoft d.o.o.
              • Exhibit 132: Dewesoft d.o.o. - Overview
              • Exhibit 133: Dewesoft d.o.o. - Product / Service
              • Exhibit 134: Dewesoft d.o.o. - Key offerings
            • 12.9 Durr AG
              • Exhibit 135: Durr AG - Overview
              • Exhibit 136: Durr AG - Business segments
              • Exhibit 137: Durr AG - Key offerings
              • Exhibit 138: Durr AG - Segment focus
            • 12.10 HORIBA Ltd.
              • Exhibit 139: HORIBA Ltd. - Overview
              • Exhibit 140: HORIBA Ltd. - Business segments
              • Exhibit 141: HORIBA Ltd. - Key news
              • Exhibit 142: HORIBA Ltd. - Key offerings
              • Exhibit 143: HORIBA Ltd. - Segment focus
            • 12.11 Keysight Technologies Inc.
              • Exhibit 144: Keysight Technologies Inc. - Overview
              • Exhibit 145: Keysight Technologies Inc. - Business segments
              • Exhibit 146: Keysight Technologies Inc. - Key news
              • Exhibit 147: Keysight Technologies Inc. - Key offerings
              • Exhibit 148: Keysight Technologies Inc. - Segment focus
            • 12.12 KUKA AG
              • Exhibit 149: KUKA AG - Overview
              • Exhibit 150: KUKA AG - Business segments
              • Exhibit 151: KUKA AG - Key offerings
              • Exhibit 152: KUKA AG - Segment focus
            • 12.13 National Instruments Corp.
              • Exhibit 153: National Instruments Corp. - Overview
              • Exhibit 154: National Instruments Corp. - Product / Service
              • Exhibit 155: National Instruments Corp. - Key news
              • Exhibit 156: National Instruments Corp. - Key offerings
            • 12.14 Softing Automotive Electronics GmbH
              • Exhibit 157: Softing Automotive Electronics GmbH - Overview
              • Exhibit 158: Softing Automotive Electronics GmbH - Product / Service
              • Exhibit 159: Softing Automotive Electronics GmbH - Key offerings
            • 12.15 TUV Rheinland AG
              • Exhibit 160: TUV Rheinland AG - Overview
              • Exhibit 161: TUV Rheinland AG - Business segments
              • Exhibit 162: TUV Rheinland AG - Key offerings
              • Exhibit 163: TUV Rheinland AG - Segment focus
            • 12.16 Unico LLC
              • Exhibit 164: Unico LLC - Overview
              • Exhibit 165: Unico LLC - Product / Service
              • Exhibit 166: Unico LLC - Key offerings
            • 12.17 ZF Friedrichshafen AG
              • Exhibit 167: ZF Friedrichshafen AG - Overview
              • Exhibit 168: ZF Friedrichshafen AG - Business segments
              • Exhibit 169: ZF Friedrichshafen AG - Key news
              • Exhibit 170: ZF Friedrichshafen AG - Key offerings
              • Exhibit 171: ZF Friedrichshafen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 172: Inclusions checklist
                • Exhibit 173: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 174: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 175: Research methodology
                • Exhibit 176: Validation techniques employed for market sizing
                • Exhibit 177: Information sources
              • 13.5 List of abbreviations
                • Exhibit 178: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Electric Vehicle Test Equipment market growth will increase by $117.98 million during 2023-2027.
              The electric vehicle test equipment market is expected to grow at a CAGR of 23.11% during 2023-2027.
              Technavio has segmented the electric vehicle test equipment market by vehicle type (Hybrid electric vehicles, Battery electric vehicles, and Plug-in hybrid electric vehicles) ,application (EV component, EV charging, and Powertrain) , and geography (APAC, Europe, North America, South America, and Middle East and Africa).
              Arbin Instruments, ATESTEO GmbH and Co. KG, AVL List GmbH, Chroma ATE Inc., comemso electronics GmbH, Crystal Instruments Corp., Dewesoft d.o.o., Durr AG, FEV Group GmbH, HORIBA Ltd., Keysight Technologies Inc., KUKA AG, Maccor Inc., National Instruments Corp., PCE Holding GmbH, Softing Automotive Electronics GmbH, SureView Instruments, TUV Rheinland AG, Unico LLC, ZF Friedrichshafen AG are a few of the key vendors in the electric vehicle test equipment market.
              APAC will register the highest growth rate of 56.68% among the other regions. Therefore, the electric vehicle test equipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the electric vehicle test equipment market growth are:
              • Growing EV automotive industry
              • Emergence of digital testing
              The electric vehicle test equipment market vendors should focus on grabbing business opportunities from the hybrid electric vehicles segment as it accounted for the largest market share in the base year.
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