Global Vehicle Crash Test Equipment Market Size, Share, Growth Analysis, By Type(Accelerometers and Instrumented Dummies), By Application(Frontal Crash Test and Side Crash Test) - Industry Forecast 2024-2031

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).

Because a significant amount of data can be extracted from each test, conducting a crash test is generally costly. This typically involves employing high-speed data acquisition, at least one triaxial accelerometer, and a crash test dummy, among other equipment. For example, during this period, the China Association of Automobile Manufacturers (CAAM) reported a 42.4% year-over-year decline in passenger car sales. Crash tests play a crucial role in enhancing safety features for the public and consumers alike. Moreover, one of the primary drivers behind the growth of the automotive crash test market is the increasing global production of cars. These tests swiftly evaluate the structural integrity of vehicles and assign ratings based on their performance. Presently, crash test dummies capable of enduring up to 12 crashes and transmitting 37,200 data points each can cost between $100,000 and $1,000,000. Furthermore, the majority of testing facilities spend an average of $400,000 on the crash dummies they utilize. As safety standards and ratings continue to advance, it is expected that the cost of these dummies will also escalate.

Top-down and bottom-up approaches were used to estimate and validate the size of the global vehicle crash test equipment market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Vehicle Crash Test Equipment Market Segmental Analysis

Global vehicle crash test equipment market is segmented based on propulsion, type, application and region. By propulsion, the market is segmented into IC engine vehicles, electric vehicles, hybrid vehicles. By type, market is segmented into sled test systems, linear impactors, drop towers, crash simulation chambers, others. By application, the market segmented into handheld scan tool, mobile device-based scan tools, pc/laptop-based tools. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Vehicle Crash Test Equipment Market

Governments worldwide are enacting stringent safety standards and regulations for vehicles to mitigate road accidents and fatalities. Consequently, there's a burgeoning demand for vehicle crash test equipment, as manufacturers are compelled to adhere to these standards to market their vehicles. Moreover, the escalating incidence of road accidents globally is further fueling the demand for such equipment. Both governments and automotive manufacturers are making substantial investments in crash testing equipment to curtail the prevalence of fatalities and injuries resulting from road accidents.

Restraints in the Global Vehicle Crash Test Equipment Market

The absence of standardized crash testing protocols across various regions poses a potential obstacle to market growth. Varying regulations and testing standards in different regions create challenges for manufacturers striving to comply with multiple standards. This discrepancy complicates the process of ensuring compliance with diverse regulatory requirements, potentially impeding market expansion.

Market Trends of the Global Vehicle Crash Test Equipment Market

The utilization of simulation software in crash testing is experiencing an upward trajectory. This software enables quicker and more cost-efficient testing, thereby diminishing the reliance on physical testing. This trend is anticipated to persist as technological advancements enhance the accuracy and capabilities of simulation software.