Top Automotive Test Equipment Companies

Global Automotive Test Equipment Market size was valued at USD 2.55 Billion in 2023 and is poised to grow from USD 2.7 Billion in 2024 to USD 4.11 Billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032).

Automotive test equipment providers should focus on developing new testing solutions for electric vehicles as their sales increase. Autonomous vehicles are also slated to offer new business scope for market players in the future. Presence of top automotive OEMs in Asia Pacific and Europe regions make them the most lucrative regions for companies as per this global automotive test equipment market forecast through 2032. 'Robert Bosch GmbH', 'Siemens', 'Delphi Technologies (PHINIA Inc.)', 'Continental AG', 'Honeywell International Inc.', 'ABB', 'Softing AG', 'HORIBA', 'SGS Société Générale de Surveillance SA', 'Anthony Best Dynamics Limited.'

The growing disposable income of people and changes in the standard of living have led to an increased demand for vehicles on a global level. As automakers manufacture more cars to meet growing consumer demand, they require advanced testing solutions to ensure quality, safety, and regulatory compliance. Rapid expansion of the automotive industry through increased sales is slated to drive the global automotive test equipment market outlook.

Expansion of EV and Battery Testing Solutions: Automotive test equipment companies are expected to focus on the R&D of specialized test equipment tailored for battery performance, charging systems, and power electronics. Growing sales of electric vehicles and the need for advanced solutions to evaluate fast-charging capabilities, energy efficiency, and battery lifespan make this an indispensable automotive test equipment market trend for all companies around the world.

Why is Asia Pacific a Preferred Market for Automotive Test Equipment Companies?