The global Automotive TIC market is expected to grow from USD 16.5 billion in 2022 to USD 20.4 billion by 2027; it is expected to grow at a CAGR of 4.3%.
The automotive testing, inspection, and certification (TIC) market has a huge possibility and is predictable to grow over the forecast period of 2022 to 2027, owing to the rise in the trend of digitalization in the automotive due to COVID-19. In calculation, the rise in automobile production in emerging economies and rapid shift in inclination toward outsourcing TIC services are also largely manipulating the growth of the automotive testing, inspection, and certification (TIC) market. Also, the high disposable profits in evolving countries and rise in focus of governments to execute strict monitoring standards on the automotive industry are other drivers anticipated to flourish the automotive testing, inspection, and certification (TIC) market growth. Moreover, the adoption of automotive electronics to maintain passenger and vehicle safety is also expected to boost the growth of the automotive testing, inspection, and certification (TIC) market in the above-mentioned forecast period. However, the market of automotive testing, examination, and certification (TIC) have certain limitations which are expected to obstruct the potential growth of the market such as the varying regulations or standards across regions and declining global vehicle sales, whereas the long lead time required for overseas qualification tests can challenge the growth of the automotive testing, inspection, and certification (TIC) market in the above-mentioned forecast period.
The Global Automotive TIC Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Dekra Se, TUV SUD Group, Applus Services S.A., SGS Group, TUV Nord Group, TUV Rheinland AG Group, Bureau Veritas S.A., Intertek Group PLC, Eurofins Scientific, and Element Materials Technology.
May 2021 - Applus acquired IMA Dresden, a leading testing laboratory in Europe which is a well-diversified structural and materials testing laboratory, with a good reputation for excellence and a European leader in most of its key markets of railway, aerospace & defense, wind power, building products, medical devices and automotive.
April 2021 - DEKRA announced that it has been listed as MFi Authorized Test Laboratory to offer selected CarPlay certification testing, pre-testing, and advisory services for vehicle, telecommunications, and infotainment system manufacturers, which are licensees of Apple's MFi program. The MFi Program includes third-party hardware accessories that use Apple's MFi licensed technology to connect electronically to over 1.5 billion active Apple devices worldwide.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
The Asia-Pacific region is estimated to command the largest share of the global automotive TIC market in 2022, followed by Europe, North America, Latin America, and the Middle East & Africa. The economic development of the region, growing per capita income, rising per capita consumption with a large population base, high economic growth rate, and investment openings due to satisfactory government policies are attracting several global automotive players to expand their presence in the APAC region. This, in turn, is supporting the technological evolution of the automobile manufacturing and services industry in this region; consequently, supporting the expansion of the automotive TIC services market in this region. Furthermore, rising vehicle production, increasing demand for autonomous & luxury vehicles, growing sales of electric cars, strict government regulations for vehicle safety & quality, and technological development in the automotive sector is also reassuring automobile market development, consequently, driving the growth of the automotive TIC services market in the Asia Pacific region.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 4.3 % over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Dekra Se, TUV SUD Group, Applus Services S.A., SGS Group, TUV Nord Group, TUV Rheinland AG Group, Bureau Veritas S.A., Intertek Group PLC, Eurofins Scientific, and Element Materials Technology |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 159 |
Customization Available | Yes, the report can be customized as per your needs |
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Who are the key players in Automotive TIC Market?
Dekra Se, TUV SUD Group, Applus Services S.A., SGS Group, TUV Nord Group, TUV Rheinland AG Group, Bureau Veritas S.A., Intertek Group PLC, Eurofins Scientific, and Element Materials Technology
What regions does this Automotive TIC Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Automotive TIC Market?
Testing, Inspection, Certification
What are the major end-use applications of the Automotive TIC Market?
Passenger Cars, Commercial Vehicles, Other
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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