Press release
Transforming the Automotive Testing, Inspection And Certification (TIC) Market in 2025: Impact Of Rising Road Accidents On The Automotive Testing, Inspection, And Certification (TIC) Market
Automotive Testing, Inspection And Certification (TIC) Market share
The size of the market for automotive testing, inspection, and certification (TIC) has seen a significant increase in the past few years. The market, which stood at $21.56 billion in 2024, is projected to expand to $23.39 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.5%. Factors fueling this growth span from a surge in vehicle recalls, expansion in the automotive manufacturing field, advancements in connected vehicle technologies, enforcement of brand protection measures, to rising concerns regarding consumer safety.
The market size for automotive testing, inspection, and certification (TIC) is projected to experience substantial growth in the coming years. It is anticipated to expand to $31.98 billion in 2029 at a steady compound annual growth rate (CAGR) of 8.1%. Substantial factors contributing to the predicted growth during the forecast period are the increased dependence on software solutions, amplified risk perception due to accidents, expanding industrialization and infrastructure, growing inclination towards electric vehicles (EVs), and escalating vehicular pollution. Notable trends expected in the same period include the advancement of driver-assistance systems (ADAS), enhancements in vehicle connectivity, rising digitalization trends, and the emergence of new automotive technologies.
What Factors Are Fueling Growth in the Automotive Testing, Inspection And Certification (TIC) Market?
The escalating rate of road mishaps is anticipated to fuel the expansion of the automotive testing, inspection, and certification (TIC) market in the future. Increased road mishaps are attributed to distracted driving, impaired driving, adventurous driving, and adverse weather circumstances. Automotive testing, inspection, and certification (TIC) serve a vital function in mitigating road mishaps by verifying the compliance of vehicles and their components with stringent safety, reliability, and performance standards. For example, Eurostat, a government agency located in Luxembourg, published a report in March 2024 stating that around 20,653 individuals lost their lives in road mishaps across the European Union in 2022, a rise of 3.7% in comparison to 2021. As a result, the upsurge in accidents boosts the expansion of the automotive testing, inspection, and certification (TIC) market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18240&type=smp
Which Leading Companies Are Shaping the Growth of the Automotive Testing, Inspection And Certification (TIC) Market?
Major companies operating in the automotive testing, inspection and certification (TIC) market are Eurofins Scientific SE, SGS SA, Bureau Veritas SA, Intertek Group PLC, DEKRA, UL Solutions, Element Materials Technology, Exova Group Limited, ALS Limited, Apave Group, BSI Group(British Standards Institution), RINA, MISTRAS Group, Kiwa NV, NSF International, SAI Global, The Smithers Group Inc., Method Park, TÜV Rheinland, DNV GL(Det Norske Veritas Germanisher Lloyd)
What Are the Major Trends Shaping the Automotive Testing, Inspection And Certification (TIC) Market?
Leading firms in the automobile testing, inspection, and certification (TIC) market are concentrating on devising innovative solutions, including artificial intelligence-powered tools, to augment testing precision and productivity. These AI-infused systems for vehicle inspections utilize AI to automatically examine and assess vehicles' state, thereby increasing the accuracy and effectiveness of the inspection procedure. For instance, Applus+, a company based in Spain that offers vehicle inspection services, unveiled eReformas, an AI-based digital solution in Spain, in March 2023. eReformas is primarily used to digitalize the procedure of vehicle renovations or alterations at regular technical inspection (PTI) stations. Some of eReformas' distinctive features include the digitization of the document process, allowing users to visit the eReformas site, choose the desired service, and submit the necessary paperwork. The system automatically scrutinizes the documents to ensure accuracy and notifies the user of the outcome.
What Are the Key Segments of the Automotive Testing, Inspection And Certification (TIC) Market?
The automotive testing, inspection and certification (TIC) market covered in this report is segmented -
1) By Service Type: Testing Services, Inspection Services, Certification Services, Other Service Types
2) By Sourcing Type: In-House, Outsourced
3) By Vehicle Type: Passenger Cars, Commercial Vehicles
4) By Application: Electrical Systems And Components, Telematics, Vehicle Inspection Services, Homologation Testing, Interior And Exterior Materials, Other Applications
Subsegments:
1) By Testing Services: Performance Testing, Emissions Testing, Safety And Crash Testing, Durability And Reliability Testing, Environmental Testing (Weather, Noise), Component Testing (Engine, Transmission), Vehicle Dynamics Testing
2) By Inspection Services: Quality Inspection, Visual And Dimensional Inspection, Non-Destructive Testing (NDT), Functional Inspection, Compliance Inspection (Regulatory Standards), Pre-Shipment Inspection
3) By Certification Services: Regulatory Certification (ISO, DOT, ECE), Emissions And Environmental Compliance Certification, Safety And Crash Test Certification, Quality Assurance And Industry Standards Certification, Component And Material Certification
4) By Other Service Types: Consulting Services, Training And Development Services, Calibration Services, Warranty And Repair Services, Product Lifecycle Management Services
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automotive-testing-inspection-and-certification-tic-global-market-report
Which Region Dominates the Automotive Testing, Inspection And Certification (TIC) Market?
Asia-Pacific was the largest region in the automotive testing, inspection and certification (TIC) market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive testing, inspection and certification (TIC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Testing, Inspection And Certification (TIC) Global Market Report?
- Market Size Analysis: Analyze the Automotive Testing, Inspection And Certification (TIC) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Testing, Inspection And Certification (TIC) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Testing, Inspection And Certification (TIC) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Testing, Inspection And Certification (TIC) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18240
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Transforming the Automotive Testing, Inspection And Certification (TIC) Market in 2025: Impact Of Rising Road Accidents On The Automotive Testing, Inspection, And Certification (TIC) Market here
News-ID: 3858832 • Views: …
More Releases from The Business Research Company
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
More Releases for Test
Vitamin Test Market: Global Vitamin Test Analysis and Forecast (2023-2029)Vitami …
12.04.2024: Vitamin Test Market Overview
The development of companion diagnostic tools and advances in personalised treatment are driving considerable growth and revolution in the oncology Vitamin Test market. In the era of precision medicine, where healthcare is increasingly customised for individual individuals based on their own genetic and molecular profiles, this market segment is essential. Ongoing innovation and development define the oncology Vitamin Test market. To find particular biomarkers, genetic mutations,…
CAGR 8.1% Homecare Pregnancy Test Kits Market By Type of Test (Urine Test For H …
The Homecare Pregnancy Test Kits market report by Reports and Data provides an extensive overview of the vital elements of the Homecare Pregnancy Test Kits market and factors such as the drivers, restraints, latest trends, supervisory scenario, competitive landscape, technological advancements, and others. Further, it mentions the market shares associated with the market in terms of both value and volume along with the segmentation. Space-age industrial and digitalization tools are…
Home Safety Test Kits Market, Home Safety Test Kits Market Trends, Home Safety T …
“Home Safety Test Kits Market” 2020-2025 Research Report is a professional and in-depth study on the current state of the market. Global Home Safety Test Kits market containing a complete view of the market size, business share, profit estimates, SWOT analysis and the regional landscape of the Industry. The report explains key challenges and future development prospects of the market. The Global Home Safety Test Kits analysis is provided for…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Hearing Screening and Diagnostic Devices Market Demands with Major Tests: pure T …
New Market Research Reports Title "Hearing Screening And Diagnostic Devices Market 2018" Has Been Added to Crystal Market Research Report database.
Hearing Screening and Diagnostic Devices - Competitive Insights:
The leading players in the market are Gn Otometrics A/S, Otodynamics, Nashua Hearing Group, Siemens Healthineers, Natus Medical Incorporated, Interacoustics A/S, Neurosoft S.A, Accent Hearing Pty Ltd, MAICO Diagnostics GmbH and IntriCon Corporation. The major players in the market are profiled in detail…
Global Low Temperature Test Equipment Market Outlook 2017 : Ektron Tek, IEC Test …
Global Low Temperature Test Equipment Market 2017-2022
A market study ” Global Low Temperature Test Equipment Market ” examines the performance of the Low Temperature Test Equipment market 2017. It encloses an in-depth Research of the Low Temperature Test Equipment market state and the competitive landscape globally. This report analyzes the potential of Low Temperature Test Equipment market in the present and the future prospects from various angles in detail.
The Global…
