Remote Testing, Inspection, and Certification (TIC) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Remote Testing Inspection and Certification Market
The remote testing inspection and certification market size was valued at USD 72.40 billion in 2021, and the market is now projected to grow from USD 85.08 billion in 2022 to USD 281.17 billion by 2029, exhibiting a CAGR of 18.6% during the forecast period of 2021-2029.
Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the remote testing inspection and certification market growth. Additionally, manpower shortages affected manufacturing plants and slowed production due to movement restrictions and lockdowns in several regions. Stopped providing on-site maintenance and installations market growth sputtered amid the pandemic. Due to the pandemic, market participants are launching digital tools and services to provide clients with remote TIC services.
Technological development and growing digitalization will fuel the growth of the remote testing, inspection, and certification (tic) market during forecast period. The way TIC solutions and services are provided has been totally revolutionized by digital technologies. Leading this change are the new players that have entered the industry, followed by established firms that are implementing the newest technology to remain competitive in the quickly evolving market. Traditional businesses like SGS are also employing technologies to offer remote TIC services, while newer startups like Super.AI have fully automated the process of remote testing, inspection, and certification using artificial intelligence. When used, digital technologies—like smart sensors—offer remote monitoring and inspection capabilities, negating the need for time-consuming and expensive on-site testing. As a result, TIC service providers are remotely monitoring hardware such as elevators and pressure tanks. Additionally, the market for connectivity standards is growing for applications like smart home networks, connected autos, and other IoT-enabled devices due to rising safety concerns and regulations. This market has accelerated due to the increased necessity for connectivity standards.
Growing demand for augmented inspections will support the remote testing inspection and certification market growth during forecast period. By using technology, remote TIC enables surveyors, certified auditors, and inspectors to conduct inspections without physically being on the site. Fully remote inspection, hybrid inspection, and augmented inspection are the three general categories into which such remote testing and inspection fall.
Comprehensive Analysis of Remote Testing Inspection and Certification Market
The remote testing inspection and certification market and machinery and equipment industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by types of devices, by service type, by sourcing type, by technology and by industry. The Device segmentations include UAVs/Drones, Remotely Operated Underwater Vehicles, Robotic Crawlers, Robotic Arms, & Remote Cameras, By Service Type segmentations include Testing, Inspection, and Certification), By Sourcing Type segmentations include In-house & Outsource, By Technology segmentations include Cloud & Cybersecurity, Big Data & Analytics, Blockchain, VR/AR, 5G/6G Networks, By Industry segmentations include Consumer Goods & Retail, Agriculture & Food, Oil & Gas, Manufacturing, Aerospace, Healthcare, Chemicals etc.
The Europe region lead the remote testing inspection and certification market by benefitting a market size of USD 24.11 billion in 2021 due to Technological development and growing digitalization and Growing demand for augmented inspections.
The top players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include, SGS SA (Switzerland), Bureau Veritas (France), DEKRA (Germany), Intertek Group PLC (U.K.), TÜV SÜD AG(Germany), Applus+ (Spain), DNV(Norway), Socotec Group (France), Cotecna (Switzerland), Element Materials Technology (U.K.), Super.AI. (U.S.) these market players provide a level-playing competitive landscape.
In March 2022, The Irish gas assessment testing and instrumentation company Gas Analysis Services (GAS) was purchased by SGS. Enhancing the company's proficiency in high purity gas testing together with essential abilities and knowledge is the aim of this purchase.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2018-2020
Growth Rate
CAGR of 18.6% from 2022 to 2029
Unit
Value (USD Billion)
Segmentation
By Device
Unmanned Aerial Vehicles (UAVs)/Drones
Remotely Operated Underwater Vehicles(ROVs)
Robotic Crawlers
Robotic Arms
Remote Cameras
By Service Type
Testing
Inspection
Certification
By Sourcing Type
In-house
Outsource
By Technology
Cloud and Cybersecurity
Big Data and Analytics
Blockchain
Virtual/Augmented Reality (VR/AR)
5G/6G Networks
By Industry
Consumer Goods & Retail
Agriculture & Food
Oil & Gas
Manufacturing
Aerospace
Healthcare
Chemicals
Automotive
Construction
Others (Energy, Maritime)
By Region
North America (By Device, By Service Type, By Sourcing Type, By Technology, By Industry)
U.S.
Canada
Mexico
South America (By Device, By Service Type, By Sourcing Type, By Technology, By Industry)
Brazil
Argentina
Rest of South America
Europe (By Device, By Service Type, By Sourcing Type, By Technology, By Industry)
U.K.
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe
Middle East & Africa (By Device, By Service Type, By Sourcing Type, By Technology, By Industry)
Turkey
Israel
GCC
North Africa
South Africa
Rest of Middle East and Africa
Asia Pacific (By Device, By Service Type, By Sourcing Type, By Technology, By Industry)
China
India
Japan
South Korea
ASEAN
Rest of Asia Pacific
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