Global Automotive Testing, Inspection and Certification (TIC) Market, By Material (Alloys, Composites, Others), Service Type (Testing Service, Inspection Service, Certification Service, Others), Sourcing Type (In-House, Outsourced), Supply Chain Services (Design, Production, Distribution, Selling, Operation), Application (Telematics, Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems, Vehicle Inspection Services, Electrical Systems and Components, Interior and Exterior Materials and Components, Fuels Fluids and Lubricants, Homologation Testing, Others), Automotive Application (Functional Safety, Cockpit Controller, ADAS and Safety Controller, Chassis and Body Controller), Vehicle Type (Passengers Cars, Commercial Vehicle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Automotive Testing, Inspection and Certification (TIC) Market Analysis and Insights
The automotive testing, inspection and certification (TIC) market size is valued at USD 23.70 billion by 2028 and is expected to grow at a compound annual growth rate of 5.13% over the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive testing, inspection and certification (TIC) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
TIC services helps to improve the standard of the manufacturing process by testing, inspecting and certifying in compliance with regulations across the world. Automotive certification is the procedure of certifying automobiles or a specific component as per the wants set by a variety of statutory regulatory bodies. Automotive testing and certification plays an essential role to meet the regulatory standards.
The automotive testing, inspection and certification (TIC) market has a huge potential and is expected grow over the forecast period of 2021 to 2028, owing to the rise in trend of digitalization in the automotive due to COVID-19. In addition, the rise in automobile production in emerging economies and rapid shift in inclination toward outsourcing TIC services are also largely influencing the growth of the automotive testing, inspection and certification (TIC) market. Also the high disposable incomes in developing countries and rise in focus of governments to impose strict regulatory standards on the automotive industry are another driver anticipated to flourish the automotive testing, inspection and certification (TIC) market growth. Additionally, the adoption of automotive electronics to maintain passenger and vehicle safety is also expected to boost the growth of the automotive testing, inspection and certification (TIC) market in the above mentioned forecast period.
However, the market of automotive testing, inspection and certification (TIC) though has certain limitations which are expected to obstruct the potential growth of the market such as the varying regulations or standards across regions and declining global vehicle sales, whereas the long lead time required for overseas qualification tests can challenge the growth of the automotive testing, inspection and certification (TIC) market in the above mentioned forecast period.
In addition, the high adoption of electric vehicles and hybrid electric vehicles and authorization of periodic technical inspection (PTI) of vehicles by governments are projected to offer various growth opportunities for the automotive testing, inspection and certification (TIC) market in the forecast period of 2021 to 2028.
This automotive testing, inspection and certification (TIC) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive testing, inspection and certification (TIC) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Testing, Inspection and Certification (TIC) Market Scope and Market Size
The automotive testing, inspection and certification (TIC) market is segmented on the basis of material, service type, sourcing type, supply chain services, application, automotive application and vehicle type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of material, the automotive testing, inspection and certification (TIC) market is segmented into alloys, composites and others.
- Based on service type, the automotive testing, inspection and certification (TIC) market is segmented into testing service, inspection service, certification service and others.
- On the basis of sourcing type, the automotive testing, inspection and certification (TIC) market is segmented into in-house and outsourced.
- Based on supply chain services, the automotive testing, inspection and certification (TIC) market is segmented into design, production, distribution, selling and operation.
- The automotive testing, inspection and certification (TIC) market is segmented on the basis of application into telematics, electric vehicles, hybrid electric vehicles, and battery systems, vehicle inspection services, electrical systems and components, interior and exterior materials and components, fuels fluids and lubricants, homologation testing and others.
- On the basis of automotive services, the automotive testing, inspection and certification (TIC) market is segmented into functional safety, cockpit controller, ADAS and safety controller and chassis and body controller. ADAS and safety controller has further been segmented into adaptive cruise control (ACC), auto emergency braking (AEB), lane departure warning system (LDWS), tire pressure monitoring system (TPMS), pedestrian warning/protection system, traffic sign recognition, automotive night vision, blind spot detection, driver drowsiness detection, automatic parking and others. Cockpit controller has further been segmented into heads-up display (HUD), human-machine interface (HMI) and others.
- Based on vehicle type, the automotive testing, inspection and certification (TIC) market is segmented into passenger cars and commercial vehicle.
Automotive Testing, Inspection and Certification (TIC) Market Country Level Analysis
The automotive testing, inspection and certification (TIC) market is analyzed and market size, volume information is provided by country, material, service type, sourcing type, supply chain services, application, automotive application and vehicle type as referenced above.
The countries covered in the automotive testing, inspection and certification (TIC) market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the automotive testing, inspection and certification (TIC) market because of the rise in support from the government to promote the development of the automotive industry and increase in investment from the manufacturers and government within the automotive industry.
The country section of the automotive testing, inspection and certification (TIC) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Testing, Inspection and Certification (TIC) Market Share Analysis
The automotive testing, inspection and certification (TIC) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive testing, inspection and certification (TIC) market.
The major players covered in the automotive testing, inspection and certification (TIC) market report are TUV NORD GROUP, Eurofins Scientific, TÜV SÜD, ASTM, Element Materials Technology, DEKRA, Applus+, SGS SA, TÜV Rheinland, Bureau Veritas, Intertek Group plc,The British Standards Institution, Rina S.P.A., NSF International, ALS Limited, SAI Global Pty Limited, MISTRAS Group, Inc., DNV GL AS, UL LLC and Lloyd’s among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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