What is Automotive Performance Testing?
Automotive performance testing is a process of analyzing the quality or capability of a vehicle. Performance testing in vehicles plays an important role to measure performance, stability, accuracy, and providing enhanced driver safety. Increasing ownership of personal vehicles with the increasing population will accelerate the demand for passenger car performance testing. Increasing applications of cutting-edge technologies in vehicles and emerging trends of self-driving vehicles across the globe will create significant opportunities for the performance testing of wireless automotive communication systems.
The market study is broken down by Type (Ride and Comfort Testing, Driving Simulator Testing, Fuel Tank Testing and Others), by Application (Passenger Cars and Commercial Vehicles) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from European will contribute to the maximum growth of Global Automotive Performance Testing market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
VBOX Automotive (United Kingdom), Moog Inc. (United States), Siemens (Germany), Intertek (United Kingdom), DEKRA (Germany), Spirent (United Kingdom), IPG Automotive (Germany), Sushma Industries (India), Toyota (Japan) and AVL (Austria) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Automotive Performance Testing market by Type, Application and Region.
On the basis of geography, the market of Automotive Performance Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Solutions will boost the Automotive Performance Testing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Increased Focus on Innovation and Development of Advanced Automotive Performance Testing Solutions
Market Drivers
- Surging Demand of Advance Testing Solutions to Meet the Demand of Performance Testing
- Increasing Demand of Ride and Comfort Testing for Passenger Cars
Opportunities
- Penetration of Connected and Autonomous Vehicles in the Market
Restraints
- High Cost Associated with Vehicle Performance Testing Solutions
Challenges
- Challenges Associated with Performance Testing of Automotive Sensors
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Automotive Performance Testing Solution & Service Providers, Venture Capitalists and Private Equity Firms, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.