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Impact Of Rising Road Accidents On The Automotive Testing, Inspection, And Certification (TIC) Market: An Emerging Driver Transforming The Automotive Testing, Inspection And Certification (TIC) Market Landscape
Automotive Testing, Inspection And Certification (TIC)
What Is the Projected Growth of the Automotive Testing, Inspection And Certification (TIC) Market?
The automotive testing, inspection, and certification (TIC) market has seen strong growth in recent years. It will increase from $21.56 billion in 2024 to $23.39 billion in 2025, at a CAGR of 8.5%. The market growth is attributed to the rise in vehicle recalls, the growth of connected vehicle technologies, and increasing concerns over consumer safety.
The automotive testing, inspection, and certification (TIC) market is projected to grow, reaching $31.98 billion by 2029 with a CAGR of 8.1%. Growth is driven by the increasing reliance on software solutions, rising risks due to accidents, industrialization, the popularity of electric vehicles, and vehicular pollution. Notable trends include advancements in ADAS, the rise of connected vehicles, and digitalization in automotive technologies.
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What Are the Different Automotive Testing, Inspection And Certification (TIC) Market Segments?
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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What Are the Primary Drivers Shaping the Automotive Testing, Inspection And Certification (TIC) Market?
The increasing number of road accidents is expected to drive the growth of the automotive testing, inspection, and certification (TIC) market. Factors such as distracted driving, weather conditions, and reckless driving contribute to the rise in accidents. TIC ensures that vehicles meet safety, reliability, and performance standards, reducing the risk of accidents. In 2022, there were 20,653 fatalities in the European Union, a 3.7% increase from 2021, emphasizing the role of automotive TIC in improving vehicle safety and contributing to market growth.
Which Companies Are Leading in 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 Automotive Testing, Inspection And Certification (TIC) Market Trends Are Gaining Traction Across Different Segments?
Key companies in the automotive testing, inspection, and certification (TIC) market are developing AI-powered platforms to enhance testing accuracy and efficiency. In March 2023, Applus+, a Spanish vehicle inspection services provider, launched eReformas, an AI-driven platform that digitizes the process of vehicle reforms at periodic technical inspection stations. The system analyzes uploaded documents for accuracy, making the inspection process more efficient.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Testing, Inspection And Certification (TIC) Market?
2. What is the CAGR expected in the Automotive Testing, Inspection And Certification (TIC) Market?
3. What Are the Key Innovations Transforming the Automotive Testing, Inspection And Certification (TIC) Industry?
4. Which Region Is Leading the Automotive Testing, Inspection And Certification (TIC) Market?
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