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Automotive Testing, Inspection And Certification (TIC) Market Size to Reach $30.93 Billion by 2029 | Growth at 7.6% CAGR Forecast
Automotive Testing, Inspection And Certification (TIC) Market
What is the Projected Market Size of the Automotive Testing, Inspection And Certification (TIC) Industry?
In recent times, there has been a significant expansion in the size of the automotive testing, inspection and certification (tic) market. The market, which was valued at $21.56 billion in 2024, is projected to increase to $23.09 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. The substantial growth previously witnessed is credited to a surge in vehicle recalls, expansion in the automobile manufacturing sector, advancement in connected vehicle technologies, the emergence of brand protection policies, and growing worries about consumer safety.
What Will Be the Size of the Automotive Testing, Inspection And Certification (TIC) Market by 2029?
The size of the automotive testing, inspection and certification (tic) market is expected to significantly increase over the coming few years, growing to an estimated $30.93 billion by 2029, with a compound annual growth rate (CAGR) of 7.6%. This growth in the forecasted period is due in part to a growing dependence on software solutions, an elevated risk to life due to accidents, expanding industrialisation and infrastructure development, increased popularity and use of electric vehicles (EVs), and an escalation in vehicular pollution. The forecast period also sees key trends including the advancement of driver-assistance systems (ADAS), the development of connected vehicles, an upswing in digitalisation trends, and the emergence of new automotive technologies.
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What Are the Key Drivers Accelerating Growth in the Automotive Testing, Inspection And Certification (TIC) Market?
The escalation in road mishaps is anticipated to stimulate the expansion of the automotive testing, inspection, and certification (TIC) market in future. Factors such as distracted driving, drunk driving, rash driving, and poor weather conditions contribute to the rising number of road accidents. The critical function of automotive testing, inspection, and certification (TIC) in minimizing road accidents is to ensure high safety, reliability, and performance standards of vehicles and their respective parts. As per a report by Eurostat, a government agency based in Luxembourg, published in March 2024, reported approximately 20,653 casualties in the European Union due to road accidents in 2022, marking an increase of 3.7% in comparison to 2021. Hence, the spike in accident numbers is leading to the growth of the automotive testing, inspection, and certification (TIC) market.
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How Is the Automotive Testing, Inspection And Certification (TIC) Market Segmented by Type, Application, and Region?
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
What Are the Key Trends Driving Growth in the Automotive Testing, Inspection And Certification (TIC) Market?
Leading firms in the automotive testing, inspection and certification (TIC) market, are leaning towards creating advanced solutions like AI-based platforms to amplify precision and efficiency in testing. The AI-based platforms for vehicle inspection imply systems that employ AI technology to automatically evaluate and gauge the vehicle condition, which results in enhanced accuracy and efficiency during the inspection process. For example, Applus+, a renowned vehicle inspection service provider from Spain, unveiled its new digital solution named eReformas in Spain in March 2023. eReformas is an AI-enabled platform which digitalizes the process of vehicle modifications or reforms, mainly at periodic technical inspection (PTI) stations. The fundamental capabilities of eReformas consist of digitalizing the process of documentation, wherein the customers are able to access the site of eReformas, select their needed service and upload the necessary documents. The system independently scrutinizes the documents for verifying their authenticity and notifies the users about the outcome.
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Who Are the Leading Companies Driving Growth 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)
Which Is the Leading Region in the Global 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.
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