Press release
Key Emerging Trends in Testing, Inspection and Certification Market
According to a research report "Testing, Inspection and Certification Market with COVID-19 Impact Analysis by Service Type (Testing, Inspection, Certification), Sourcing Type (In-House, Outsourcing), Application and Geography - Global Forecast to 2026" published by MarketsandMarkets, the testing, inspection and certification market is projected to reach USD 249.4 billion by 2026 from USD 207.2 billion in 2021; it is expected to grow at a CAGR of 3.8% from 2021 to 2026. APAC has the largest market share for testing, inspection and certification and also has the highest growth rate and is expected to grow at the highest CAGR during the forecast period. Many economically advanced countries have their manufacturing units in developing economies of APAC, especially in China and India. These units are required to manufacture products in compliance with internationally accepted standards. The domestic markets in APAC are growing rapidly owing to the rising per capita income among the middle-class population. Moreover, there is growing consumer awareness about the importance of certification. The driver for the growth of the TIC market in APAC is the growing inclination of manufacturers to produce aerospace and aeronautical components, electrical and electronic products, and heavy machinery and equipment. Globalization has led to the standardization of products and goods used in the food & beverages, electronics, and automotive industries. The development of transport ways, such as water and road, has helped improve respective carriages and the standard of infrastructure required for the running and maintenance of modes of transport. TIC players are increasing their horizon by setting up their testing labs in APAC countries as the potential of APAC countries in applications such as consumer electronics and goods, automobiles, renewable energy solutions is depicting a double-digit growth.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=5352498
The in-house services segment, in market by sourcing type, of the testing, inspection and certification market is projected to hold a larger share during the forecast period
In-house testing services provide companies complete control over the entire process. This type of testing is conducted by companies who have core business expertise in such services. To perform in-house TIC activities, a company must build in-house capabilities in terms of technology, testing and measurement equipment, and skilled personnel. Approximately 60% of the TIC services are conducted in-house. This process is particularly evident in applications such as life sciences, utilities, and public sectors. The third-party TIC service is a cost-effective conformity assessment method that drives higher levels of compliance. It ensures greater consumer satisfaction with safer products, helps government agencies improve efficiencies and manage their market surveillance resources. It also helps manufacturers reduce in-house compliance costs and navigate global market requirements more easily. Operations carried out by companies offering in-house and outsourced TIC services may vary from application to application. Owing to the criticality of applications, industries such as the public sector and mining prefer in-house services rather than opting for outsourced TIC services. On the other hand, for applications in consumer goods and environmental industries, outsourced TIC services have a higher demand.
In applications, the consumer goods and retail segment is projected to hold the largest share of the testing, inspection and certification market during the forecast period
The consumer goods and retail segment accounted for the largest share of the testing, inspection and certification market in 2020. In a highly regulated marketplace, manufacturing and retailing activities are no longer limited to producing and selling goods. Third-party quality assessment agencies/laboratories are gaining traction worldwide as they provide the necessary expertise to ensure the quality and safety of products. Digital transformation of industries has led to their overall reshaping, thereby reforming testing, inspection, and certification methods. Presently, customers and clients face new types of risks in the form of duplication of technologies, usage of below standard components in different equipment, adulteration in food and food ingredients, etc. These risks have led to significant disruptions in the way services are being delivered to customers. For instance, Bureau Veritas has come up with platforms such as QuikTrak, the largest qualified inspector marketplace, and LEAD, for the digital sales and delivery of certification audits and tools, as well as for carrying out training programs. New tech-enabled TIC services harness cutting-edge technologies such as IoT, robotics, and analytics to transform the way services are delivered to customers. This has enabled TIC companies to remain highly proactive and predictive in response.
The testing, inspection and certification market in APAC is projected to have the highest CAGR during the forecast period (2021-2026)
The TIC market in APAC is expected to have the highest CAGR during the forecast period. High dependence of many European and American countries on APAC-based companies for medical devices, personal protection equipment (PPE) kits, pharmaceuticals, and other necessary equipment, increased research and development in the field of autonomous and connected cars (new and improved technologies), and improved lifestyles are the crucial factors driving the TIC market growth in APAC. Increased investments in R&D are leading to the expansion of application areas of TIC services in the automotive sector in North America, especially in the US. Considering huge manufacturing capabilities and exports, the APAC region is projected to account for the largest size of the TIC market. Many economically advanced countries have their manufacturing units in developing economies of APAC, especially in China and India. These units are required to manufacture products in compliance with internationally accepted standards. The domestic markets in APAC are growing rapidly owing to the rising per capita income among the middle-class population. Moreover, there is growing consumer awareness about the importance of certification. More than 45 countries, including China, Japan, India, Hong Kong, Taiwan, Singapore, Thailand, and Australia, are taken into consideration for the analysis of the TIC market in APAC.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=5352498
A few key TIC market players are SGS (Switzerland), Bureau Veritas (France), Intertek (UK), TÜV NORD (Germany), TÜV SÜD (Germany), Eurofins Scientific (Luxembourg), NTS (US), TÜV RHEINLAND (Germany), CETECOM (Germany), DEKRA SE (Germany), DNV GL (Norway), Element Materials Technology (UK), Mistras (US), ALS Limited (Australia), Applus+ (Spain) and UL (US).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Key Emerging Trends in Testing, Inspection and Certification Market here
News-ID: 2358400 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for TIC
Global Electrical & Electronics Testing, Inspection & Certification (TIC) Market …
According to Market Research Intellect, the global Electrical & Electronics Testing, Inspection & Certification (TIC) market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The market for Electrical & Electronics Testing, Inspection & Certification (TIC) is…
Global Testing, Inspection, & Certification (TIC) Market Size by Application, Ty …
USA, New Jersey- According to Market Research Intellect, the global Testing, Inspection, & Certification (TIC) market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The Testing, Inspection, and Certification (TIC) market has been experiencing strong growth driven by the increasing demand for quality assurance, safety, and…
Automotive Testing Inspection Certification (TIC) Market
The Automotive Testing Inspection Certification (TIC) Market Overview provides an in-depth analysis of market trends, dynamics, segmentation, geographical penetration, competitive landscape, and the impact of COVID-19 on various segments:
Market Summary:
The global automotive TIC market reached approximately USD 18 billion in 2022 and is expected to hit USD 25 billion by 2030, displaying a CAGR of 4.2% during 2023-2030.
The sector's growth is attributed to increasing traffic fatalities and heightened vehicle production,…
Aerospace Life Sciences Tic Market Size, Share, 2028
Aerospace Life Sciences TIC Market Report is expected to grow at CAGR 5.2% by 2028. Aerospace Life Sciences TIC Market Report was $XX Million in 2020 and is expected to reach $XX Billion by the forecasted period 2021 to 2028.
TIC stands for Test, Inspection and Certification. Therefore, TIC for aerospace and life sciences refers to services that ensure the safety of people while traveling by air transport. Aerospace and…
Global Automotive TIC Market Size – Forecasts to 2026
The results analyzed by GME showed that the Global Automotive TIC market will grow with a CAGR value of 4.1 percent, to hit xx billion USD by 2026. The demand will rise rapidly with the rising automotive industry and the increasing adoption of automotive electronics.
Browse 151 Market Data Tables and 111 Figures spread through 179 Pages and in-depth TOC on "Automotive TIC Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/global-automotive-tic-market-2584
By Service…
Tic Disorder Therapeutics- Pipeline Analysis 2018
Tic disorder is a type of mental disorder, characterized by sudden and nonrhythmic movements. According to the World Health Organisation (WHO), this disease can be categorized into five types; transient, combined vocal and multiple motor, unspecified, and chronic motor tic disorder.
Download the sample report @ https://www.pharmaproff.com/request-sample/1089
Some of the symptoms of the disease are facial grimacing, excessive blinking, uncontrollable movements of the legs, and sound such as throat clearing. Majorly…