USD 251.04 billion
Vehicle Crash Test Equipment Market Size, Share, Growth Analysis, By Type(Accelerometers and Instrumented Dummies), By Application(Frontal Crash Test and Side Crash Test), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25C2062 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
59
|Figures:
75
Vehicle Crash Test Equipment Market Insights
Global Vehicle Crash Test Equipment Market size was valued at USD 251.04 billion in 2022 and is poised to grow from USD 264.35 billion in 2023 to USD 399.57 billion by 2031, at a CAGR of 5.3% during the forecast period (2024-2031).
Global vehicle crash test equipment market is expected to grow significantly in the coming years as automakers and regulatory bodies continue to prioritize vehicle safety and enhance crashworthiness standards. Growing awareness among consumers and increased focus on vehicle safety have significantly influenced the automotive industry. Consumers are now more concerned about the safety features and crashworthiness of vehicles. Automakers and manufacturers need to invest in crash test equipment to develop safer vehicles and gain a competitive edge in the market. Moreover, advancements in crash test equipment technology have expanded testing capabilities and improved accuracy in assessing vehicle safety. Innovative testing systems, such as high-speed cameras, advanced sensors, and computer simulations, enable more precise measurements and analysis of crash impacts. These advancements drive the adoption of modern crash test equipment in the automotive industry. Also, the automotive industry is increasingly using lightweight materials, such as aluminum and advanced high-strength steels, to enhance fuel efficiency and reduce vehicle weight. Crash test equipment plays a vital role in evaluating the crashworthiness of vehicles built with these materials, ensuring that they maintain structural integrity and passenger safety. The growing adoption of electric vehicles (EVs) and autonomous vehicles (AVs) requires dedicated crash test equipment to assess their safety performance. EVs have different structural considerations due to battery placement, while AVs require testing to evaluate their sensor systems, response algorithms, and crash avoidance capabilities.
US Vehicle Crash Test Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
IC Engine Vehicle
Fastest Growth
Hybrid Vehicle
Growth Rate
5.3% CAGR
Global Vehicle Crash Test Equipment Market 2022-2030 ($ Bn)
Country Share for North America Region (%)
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Vehicle Crash Test Equipment Market Segmental Analysis
Global Vehicle Crash Test Equipment market is segmented by type, application, and region. Based on type, the market can be segmented into accelerometers and instrumented dummies. Based on application, the market is segmented into frontal crash test and side crash test. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Vehicle Crash Test Equipment Market Analysis by Type
By type, the market can be segmented into accelerometers and instrumented dummies. Accelerometers dominated the global vehicle crash test equipment market. Their high prevalence can be attributed to their fundamental role in crash testing and the necessity of accurate measurements for assessing vehicle safety performance. Accelerometers are considered a standard tool in crash test facilities worldwide, ensuring the reliable evaluation of vehicle safety.
The demand for instrumented dummies is expected to experience rapid growth in the coming years. This can be attributed to several factors, including ongoing advancements in dummy technology, increasing awareness about occupant safety, and stringent government regulations mandating comprehensive crash testing for vehicle certification. The continuous focus on improving occupant protection and understanding injury mechanisms will drive the adoption and growth of instrumented dummies.
Vehicle Crash Test Equipment Market Analysis by Application
By application, the market can be segmented into frontal crash test and side crash test. Frontal crash tests dominated the global vehicle crash test equipment market. This is primarily due to the significant focus placed on frontal crash safety by regulatory bodies and manufacturers. Governments worldwide have implemented stringent safety standards and regulations that necessitate comprehensive frontal crash testing for vehicle certification. As a result, crash test equipment designed specifically for frontal crash tests has become a standard requirement in the automotive industry.
The demand for side crash test equipment is expected to grow at fastest CAGR in the coming years. This growth can be attributed to the increasing awareness of side impact injuries and fatalities, along with the rising adoption of advanced safety systems specifically designed for side collision protection. Moreover, as automotive manufacturers strive to enhance overall vehicle safety and achieve top safety ratings, the importance of conducting thorough side crash tests and investing in suitable crash test equipment will continue to drive the growth of this segment.
Global Vehicle Crash Test Equipment Market By Propulsion
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Vehicle Crash Test Equipment Market Regional Insights
North America dominated the global market, which is home to some of the largest automobile manufacturers in the world. The region is expected to hold a significant share of the global market, owing to the increasing demand for advanced safety features in vehicles and the presence of stringent government regulations regarding vehicle safety. In addition, the rising demand for electric and autonomous vehicles in the region is expected to drive the demand for specialized crash testing equipment.
The APAC region is expected to witness the highest growth rate in the global vehicle crash test equipment market. The region is dominated by countries such as China, Japan, and India, which are home to some of the fastest-growing automotive industries in the world. The increasing adoption of safety regulations and the rising demand for advanced safety features in vehicles are driving the growth of the market in the region. In addition, the increasing demand for electric and autonomous vehicles is expected to drive the demand for specialized crash testing equipment in the region.
Global Vehicle Crash Test Equipment Market Size By Region
- Largest
- Fastest
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Vehicle Crash Test Equipment Market Dynamics
Vehicle Crash Test Equipment Market Drivers
Increasing focus on vehicle safety regulations and standards
- One of the key drivers of growth in the global vehicle crash test equipment market is the increasing focus on vehicle safety regulations and standards. Governments and regulatory bodies around the world are implementing stringent safety standards for vehicles, mandating the use of advanced safety technologies and testing procedures. This has resulted in a growing demand for crash testing equipment, as automakers strive to meet these requirements and ensure the safety of their vehicles. Additionally, the increasing awareness and concern among consumers regarding vehicle safety is also driving the demand for advanced crash testing equipment.
Vehicle Crash Test Equipment Market Restraints
High cost associated with the development and maintenance
- One of the key restraints in the global vehicle crash test equipment market is the high cost associated with the development and maintenance of advanced crash testing equipment. The equipment requires significant investment in terms of research and development, as well as regular upgrades to meet changing safety regulations and technological advancements. This can make it difficult for smaller players in the market to compete and limit the adoption of advanced crash testing equipment, particularly in developing regions where the cost may be prohibitive.
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Vehicle Crash Test Equipment Market Competitive Landscape
The global vehicle crash test equipment market is highly competitive, with numerous players vying for market share. The market is characterized by the presence of both established players and new entrants, with a range of product offerings and technological capabilities. The key competitive strategies employed by companies include product innovation, partnerships and collaborations, mergers and acquisitions, and geographical expansion. The market is expected to remain highly competitive in the coming years, driven by the increasing demand for vehicle safety testing and the development of advanced safety technologies.
Vehicle Crash Test Equipment Market Top Player’s Company Profiles
- MESSRING Systembau GmbH (Germany)
- Applus+ IDIADA (Spain)
- DEWETRON GmbH (Austria)
- Konrad Technologies GmbH (Germany)
- Humanetics Innovative Solutions, Inc. (US)
- Mechanical Simulation Corporation (US)
- Calspan Corporation (US)
- Siemens AG (Germany)
- SGS SA (Switzerland)
- DSD Testing GmbH (Germany)
- Aries Ingeniería y Sistemas, S.A. (Spain)
- ECA Group (France)
- Microsys Engineering GmbH (Germany)
- Racelogic Ltd. (UK)
- AEB Elettronica S.p.A. (Italy)
- Japan Radio Co., Ltd. (Japan)
- Kistler Group (Switzerland)
Vehicle Crash Test Equipment Market Recent Developments
- In April 2024, Tata Technologies and the BMW Group are teaming up to establish a joint venture aimed at fulfilling the engineering and software requirements of the renowned luxury car maker. This newly formed technological partnership, set to handle global projects for BMW, is anticipated to create more than 2,000 jobs domestically. Additionally, sources suggest that the company is likely to establish engineering and R&D centers in Bengaluru, Pune, and Chennai.
- In March 2024, Altmin India, a prominent manufacturer of Lithium-ion phosphate (LFP) and other cathode active materials, has entered into a collaboration agreement with WMG, University of Warwick in the UK. The aim is to strengthen the global battery materials supply chain. This partnership entails close collaboration between Altmin and WMG to enhance cathode materials and create multiple cell designs across various form factors.
- In August 2023, the Centre introduced the nation's inaugural crash-testing safety rating system, known as the Bharat New Car Assessment Programme (NCAP). This rating initiative, announced the previous year, was officially launched by Union Minister of Road Transport and Highways Nitin Gadkari.
Vehicle Crash Test Equipment Key Market Trends
- One of the key trends in the global vehicle crash test equipment market is the development of advanced testing technologies that enable more accurate and realistic simulations of real-world crash scenarios. This includes the use of advanced sensors and data analytics tools that can provide detailed insights into the performance of vehicle safety systems. Another trend is the increasing adoption of electric and autonomous vehicles, which require specialized testing equipment to ensure their safety. Additionally, the integration of advanced technologies such as artificial intelligence and machine learning is expected to drive further innovation in the market.
Vehicle Crash Test Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global vehicle crash test equipment market analysis, the market growth is driven by the increasing demand for advanced safety technologies in vehicles and the rising adoption of electric and autonomous vehicles. The market is characterized by the presence of numerous players, both established and new entrants, competing for market share through product innovation, partnerships, and collaborations. The development of advanced testing technologies and the integration of artificial intelligence and machine learning are expected to drive further innovation in the market. However, the high cost associated with developing and maintaining advanced testing equipment can be a key restraint for smaller players in the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 251.04 billion |
| Market size value in 2031 | USD 399.57 billion |
| Growth Rate | 5.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Vehicle Crash Test Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Vehicle Crash Test Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Vehicle Crash Test Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vehicle Crash Test Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vehicle Crash Test Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vehicle Crash Test Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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