The purpose of our comprehensive automotive testing inspection and certification (TIC) market analysis is to delve deeply into the market's intricate structure, offering forecasts for its various segments and sub-segments. Our report meticulously examines consumer needs across major regions, types, and applications within the global market, considering the industry's past, present, and future trajectories. Rather than relying on AI content detection, we've conducted thorough analysis based on market type, organizational size, on-premises availability, and end-user organization type.
Contained within the automotive testing inspection and certification (TIC) market report are detailed company profiles, product specifications, production values, market shares, and contact information for manufacturers and companies. We've diligently identified and analyzed emerging trends, major drivers, challenges, and opportunities within the market landscape. This research report serves as a crucial resource, offering both current and forthcoming technical and financial insights within the industry up to 2025. The comprehensive profiles of key market players and dominant brands enrich the report, providing a robust foundation for informed decision-making and facilitating robust business growth.
Data Bridge Market Research analyses that the automotive testing inspection and certification (TIC) market which was growing at a value of 17.85 billion in 2021 and is expected to reach the value of USD 33.54 billion by 2029, at a CAGR of 8.20% during the forecast period of 2022-2029.
Definition
The process of ensuring that a vehicle or component meets all applicable safety and performance requirements is referred to as "automotive testing, inspection, and certification" (TIC). Crash testing, noise vibration and harshness (NVH) testing, corrosion resistance testing, and emissions certification are all examples of TIC tests and inspections. The goal of TIC is to protect driver and passenger safety while also ensuring that vehicles meet environmental standards.
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Key Growth Drivers:
Imposition of various regulations and safety standards
The global automotive industry is governed by a variety of government regulations concerning passenger safety and environmental concerns. These regulations/standards have a direct impact on and influence the design of vehicle components. Strict government regulations require automakers to include safety features such as seatbelts, airbags, and crumple zones in their vehicles. Tariffs and other trade barriers are imposed by major regulatory bodies to penalise and discourage manufacturers from violating emission and safety standards. This compels automakers to create more fuel-efficient vehicles with lower emissions while also including safety features such as anti-skid braking systems (ABS), electronic brake-force distribution (EBD), airbags, and emission control systems such as catalytic converters with turbochargers and exhaust gas recirculation (EGR) systems.
Expansion of automotive industries in developing regions
Throughout the last decade, the automotive market in developed countries has remained stable and consistent in terms of production rate. In comparison, several emerging markets, particularly in the Asia Pacific region, have more than doubled their market size in recent years. As the automotive industry shifts away from mature markets and toward emerging markets, emerging markets are expected to hold the key to the modern-day automotive industry's consistent growth. In the early 2000s, emerging economies accounted for only one-fourth of total global automotive production, but by 2015, they accounted for more than half. This indicates that the automobile industry has experienced consistent growth, particularly in emerging economies.
The report emphasizes the participation of key entities, notably:
- SGS S.A. (Switzerland)
- Bureau Veritas S.A. (France)
- Intertek Group Plc. (U.K.)
- Dekra SE (Germany)
- TÜV SÜD (Germany)
- TÜV Rheinland Ag Group (U.S.)
- DNV GL (Norway)
- British Standards Institution (BSI) (U.K.)
- Norges Elektriske Materiellkontroll (NEMKO) (Norway)
- Eurofins Scientific SE (Luxembourg)
- Applus+ (Spain)
- TÜV Nord Group (Germany)
- Mistras Group (U.S.)
- Lloyd’s Register Group Limited (U.K.)
- Element Materials Technology Ltd.(U.K.)
Report Objective:
- Investigate the automotive testing inspection and certification (TIC) market, focusing on strategic movements like collaborations, agreements, mergers, and product launches.
- Explore market diversification avenues such as new products, unexplored regions, recent advancements, and investments in automotive testing inspection and certification (TIC) market.
- Streamline initial research efforts by identifying automotive testing inspection and certification (TIC) market growth, size, key players, and segments, saving valuable time.
- Highlight pivotal industry trends in the automotive testing inspection and certification (TIC) market to empower players in devising effective, sustainable strategies.
- Analyze micro markets for their individual growth trajectories, potential, and contributions to the overall market.
- Shape or refine business expansion strategies leveraging growth opportunities in both established and emerging markets.
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Key Market SegmentationService Type (Testing Services, Inspection Services, Certification Services, Other), Sourcing Type (In-House, Outsourced), Application (Electrical Systems and Components, Telematics, Vehicle Inspection Services, Homologation Testing, Interior and Exterior Materials, Others)
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