Automotive Test Systems Market Size and Growth
The global Automotive Test Systems market was valued at $1.2 billion in 2020 and is expected to reach $1.8 billion by 2026, growing at a CAGR of 6.8% during the forecast period. The market is driven by increasing demand for automotive safety and performance testing, technological advancements, and stringent regulations.
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Companies Covered
(Covid 19 Impact Covered)
◍ HORIBA
◍ Bosch
◍ Siemens
◍ AVL List
◍ ABB
◍ Meidensha
◍ ACTIA
◍ MTS
The competitive landscape of the Automotive Test Systems Market includes key players such as HORIBA, Bosch, Siemens, AVL List, ABB, Meidensha, ACTIA, and MTS. These companies offer a range of automotive testing solutions to support R&D, quality control, and compliance testing. Sales revenue figures for some companies: HORIBA - $1.5 billion, Bosch - $78 billion, Siemens - $95 billion.
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