Automotive Testing, Inspection, and Certification (TIC) Market by Service Type Testing Services, Inspection Services, Analysis and Industry Forecast, 2022-2029

The automotive testing, inspection, and certification (TIC) is used for providing services to the automotive TIC manufacturers for the purpose of improving the efficiency, productivity level and the manufacturing process to meet the desired standards. Furthermore, integration of smart sensors such as radar, light detection & ranging and others in the vehicles has enabled the remote monitoring & predicting the maintenance capabilities, which in turn reduces the need for on-site inspection. Thereby, advancements in TIC such as virtual reality (VR) and augmented reality (AR) will help replacing physical vehicle inspection with digital inspection. Therefore, replacement of physical inspection with digital inspection & predictive maintenance is expected to drive the growth of the global automotive testing, inspection, and certification market in near future.

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COVID-19 scenario Analysis:
• The automotive testing, inspection, & certification system manufacturers are facing issues such as unavailability of workforce and factory shutdown due to which a major decline in the consumer demand toward automotive testing, inspection, & certification is observed.
• The production and operations of automotive testing, inspection, & certification system manufacturers have been shutdown due to the government declared lockdown, owing mainly to the COVID-19.

Top impacting factors: Market scenario analysis, trends, drivers and impact analysis

Increase in automotive production & technological advancements, augmenting awareness among consumers regarding product quality & safety, and rise in instances of vehicle recalls due to component failure are driving the growth of the market. However, varying standards across different states is expected to hamper the growth of the market. On the contrary, mandate of periodic technical inspection of vehicles is expected to create an opportunity for the market investments.

The global automotive testing, inspection, and certification market trends are as follows:

Increase in automotive production & technological advancements

Rise in demand for automotive vehicles had led to an increase in production & technological advancements in a vehicle. For instance, more than 97 million vehicles were produced around the world in the year 2019. Furthermore, technological advancement such as virtual reality (VR) & augmented reality (AR) in automotive industry will help in digital inspection of the electronic system. The advancements in systems help in diagnosing problems and regulating fuel of automotive vehicles. Therefore, increase in automotive production & technological advancements is expected to boost the growth of the automotive testing, inspection, & certification market.

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Augmenting awareness among consumers regarding product quality & safety

Safety & security of the passengers has become a prime concern among the automotive consumers owing to the growing liberalization & globalization. Increasing risk of the life due to accidents on road is one of the major safety concerns, which is creating willingness among consumer to purchase vehicles with safety features. Therefore, increase in concerns for consumer safety is anticipated to boost the automotive testing, inspection, and certification market growth during the forecast period.

Key benefits of the report:
• This study presents the analytical depiction of the automotive testing, inspection & certification industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive testing, inspection, & certification market.
• The current market is quantitatively analyzed from 2019 to 2027 to highlight the automotive testing, inspection and certification market growth scenario.

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