According to the latest Frost & Sullivan analysis, the global autonomous car and EV test and measurement market is estimated to generate revenues of $1.6 bn by 2025, up from $1.2 bn in 2019
Global automotive industry is witnessing a hard slump in the traditional automobile sales. However, it is also now foreseeing immense opportunities the development of autonomous cars and electric vehicles as well as testing industry. According to the latest Frost & Sullivan analysis, Autonomous Car and Electric Vehicle Growth Opportunities in the Test and Measurement Market, Forecast to 2025, when the solutions offered by pure-play test & measurement OEMs as well as third party testing and certification service providers are combined, the global autonomous car and EV test and measurement market is estimated to generate revenues of $1.6 bn by 2025, up from $1.2 bn in 2019.
Among four types of testing - advanced driver-assistance systems (ADAS), EV, infotainment, and connected car - ADAS is estimated to have the highest growth, reaching $659.9 mn by 2025. This expansion can be attributed to the number of electronic control units (ECUs) and domain control units (DCUs) that are incorporated into a vehicle to make it fully autonomous and reduce its production time.
As autonomous vehicles gain traction, testing solutions that can assure the security of the fully autonomous car will also grow in popularity, presenting business prospects across various segments-
1. Upcoming ADAS and infotainment use-cases will further drive the use of Automotive Ethernet and the demand for solutions that can test the technology
2. Testing vendors should implement solutions that can test levels of automotive applications and protect the autonomous vehicle with adequate cybersecurity.
3. Testing vendors must provide testing expertise such as millimeter wave testing, to validate 5G network for autonomous car use-cases, as well as for testing dedicated short range communications (DSRC)
4. With the rise of Feature-on-Demand, Automotive OEMs would want to monetise on features that their customers subscribe to. Testing vendors should partner with providers of a wide range of in-car services that passengers or drivers could subscribe to.
There is a significant degree of overlap between infotainment, ADAS, and vehicle-to-everything (V2X) and F&S executives stress that this overlap will increase as vehicle autonomy continues to grow, which will require testing methodologies such as hardware-in-the-loop (HIL). It is the HIL that simulates real-world traffic in the lab environment and validates the performance of software embedded inside the ECUs and DCUs against the stimuli. The start-ups that continue to proliferate in the automotive industry pose a challenge to traditional automotive original equipment manufacturers (OEMs) in terms of innovation. HIL
Rohan Joy Thomas, Industrial Research Analyst at Frost & Sullivan, said testing vendors and OEMs must collaborate to build testing platforms that are customised to the requirements of the particular OEMs. Additionally, test and measurement solution providers must focus on engineering testing equipment that can test cloud- and 5G-based autonomous car technologies, he added.