Press release
Testing, Inspection, and Certification (TIC) Market Projected to Reach USD 560.21 Billion by 2034 | Growing at a CAGR of 3.5%
Polaris Market Research has recently published its latest research report titled on the testing, inspection, and certification (TIC) market. The report covers all the key market aspects, including market share, size, top trends, and recent developments. In addition, major regions, top segments, and competitive landscape have been assessed.
The market for testing, inspection, and certification was valued at USD 398.11 billion in 2024. With a CAGR of 3.5% during 2025-2034, the market is projected to grow to USD 560.21 billion by 2034.
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Market Introduction
Testing, inspection, and certification (TIC) is a vital market that ensures products, systems, and services meet definite standards. It encompasses three key activities: testing, inspection, and certification. Testing involves analyzing materials or products to verify their properties and compliance with regulatory or industry benchmarks. Inspection is the process of examining products, equipment, or facilities during production or operation to ensure conformity with specified requirements. Certification is the formal attestation by an accredited body that a product, process, or system meets established standards.
TIC services play a crucial role in various sectors, including manufacturing, automotive, food and agriculture, pharmaceuticals, energy, and construction, by enhancing consumer trust, reducing risk, and supporting regulatory compliance.
Market Dynamics
Stringent Regulatory Standards: The growing stringency of government and industry regulations across various sectors acts as a major testing, inspection, and certification (TIC) market driver. These regulations are aimed at ensuring product quality, safety, and environmental compliance. Thus, they necessitate the involvement of TIC services to ensure adherence.
Globalization and Complex Supply Chains: The ongoing globalization trend and the growing complexity of supply chains worldwide are also driving market expansion. With businesses expanding their operations across borders and relying on complex networks of manufacturers and suppliers, the need for independent third-party verification becomes vital for ensuring quality and compliance at every stage.
Market Key Players
The competitive landscape of the market is characterized by the presence of both established players and new entrants. A few of the leading market participants are:
• Applus Services, S.A.
• Bureau Veritas S.A.
• DEKRA SE
• DNV AS
• Eurofins Scientific SE
• Intertek Group plc
• Lloyd's Register Group Limited
• SGS S.A.
• TÜV SÜD AG
• UL LLC
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Testing, Inspection, and Certification (TIC) Industry Developments
January 2025: SGS S.A. and Bureau Veritas S.A. announced the conclusion of their merger discussions without reaching an agreement. The potential combination of these two major industry players had the potential to significantly reshape the TIC landscape. However, with talks officially ended, both companies will now focus on advancing their respective independent growth strategies.
October 2024: Bureau Veritas completed the acquisition of Aligned Incentives, a company known for its AI-driven enterprise sustainability planning solutions. This strategic move is intended to strengthen Bureau Veritas's global sustainability offerings by leveraging Aligned Incentives' capabilities in life cycle assessment and ESG data management.
Segmental Analysis:
By Service Outlook (Revenue - USD Billion, 2020-2034)
Certification
Inspection
Testing
By Sourcing Outlook (Revenue - USD Billion, 2020-2034)
In-house
Outsourced
By Application Outlook (Revenue - USD Billion, 2020-2034)
Aerospace & Defense
Agriculture & Food
Automotive
Chemicals
Consumer Goods & Retail
Education
Energy & Power
Government
Healthcare
Infrastructure
Manufacturing
Mining
Oil, Gas & Petroleum
Public Sector
Supply Chain & Logistics
Others
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Regional Assessment
North America: North America accounts for the largest share of the global testing, inspection, and certification (TIC) market. The regional market dominance is primarily attributed to its mature industrial base and the implementation of stringent regulatory frameworks across key sectors. The presence of several established industries further fuels significant demand for comprehensive TIC services.
Asia Pacific: Asia Pacific is anticipated to exhibit the highest growth rate in the coming years. The regional market growth is driven by rapid industrialization, robust economic growth, and rising investments in manufacturing and infrastructure development across major economies like China and India. The increasing awareness about product quality and safety standards also contributes to market growth in Asia Pacific.
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