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Global Automotive Testing, Inspection And Certification (TIC) Market to Reach $31.98 Billion by 2029, Growing at 8.1% CAGR
Automotive Testing, Inspection And Certification (TIC)
The surge in road accidents is anticipated to accelerate the development of the automotive testing, inspection, and certification (TIC) sector. This increase in accidents can be attributed to distractions while driving, driving under the influence, reckless driving, and various weather conditions. The critical service the automotive testing, inspection, and certification (TIC) provides helps minimize the number of road accidents, as it ensures vehicles and their parts adhere to rigorous safety, reliability, and performance norms. For example, a March 2024 report from Eurostat, a government agency based in Luxembourg, indicated that around 20,653 individuals died in road accidents across the European Union in 2022, a 3.7% rise from 2021. Hence, the escalating number of accidents propels the growth of the automotive testing, inspection, and certification (TIC) industry.
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What Is the projected market size and growth rate for the automotive testing, inspection and certification (tic) market?
The size of the automotive testing, inspection, and certification (TIC) market has witnessed substantial growth recently. It is projected to expand from $21.56 billion in 2024 to $23.39 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.5%. The expansion during the past time period is due to rising incidences of vehicle recalls, growth in automotive production, advancement in connected vehicle technology, the advent of brand protection strategies, and growing attention to consumer safety.
Anticipated to surge in the ensuing years, the automotive testing, inspection, and certification (TIC) market is predicted to reach $31.98 billion in 2029, boasting a compound annual growth rate (CAGR) of 8.1%. This robust growth during the forecast period is ascribed to the growing dependence on software solutions, increased risk to life due to accidents, escalating industrialization and infrastructure progression, the burgeoning popularity of electric vehicles (EVs), and proliferating vehicular pollution. Emerging trends within this period involve advanced driver-assistance systems (ADAS), progress in connected vehicles, an uptick in digitalization trends, and the rise of novel automotive technologies.
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What new trends are reshaping the automotive testing, inspection and certification (tic) market and its opportunities?
Leading businesses in the automotive testing, inspection, and certification (TIC) sector are concentrating on creating innovative solutions such as artificial intelligence-enabled platforms to boost the precision and productivity of testing. These AI-enabled platforms for vehicular examination use AI technology to autonomously evaluate the state of vehicles, thereby refining the precision and efficacy of the inspection process. For example, in March 2023, Applus+, a Spain-based provider of vehicle inspection services, introduced a new digital tool called eReformas in Spain. This AI-powered platform streamlines the process of vehicle changes or alterations at periodic technical inspection (PTI) stations. eReformas' major highlights are its ability to digitize the paperwork process, enabling customers to visit the eReformas website to choose the required service and submit necessary documents. The system independently reviews the documents for validity and notifies the user of the outcome.
What major market segments define the scope and growth 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
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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.
Which key market leaders are driving the automotive testing, inspection and certification (tic) industry growth?
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)
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What Is Covered In The Automotive Testing, Inspection And Certification (TIC) Global Market Report?
•Market Size Forecast: Examine the automotive testing, inspection and certification (tic) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive testing, inspection and certification (tic) market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive testing, inspection and certification (tic) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive testing, inspection and certification (tic) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive testing, inspection and certification (tic) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive testing, inspection and certification (tic) market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive testing, inspection and certification (tic) market.
•Competitive Landscape: Review strategic developments in the automotive testing, inspection and certification (tic) market, including expansions, agreements, and new product launches.
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