Global Automotive Testing, Inspection, And Certification (TIC) Market 2024-2028
The automotive testing, inspection, and certification (TIC) market is forecasted to grow by USD 6.48 bn during 2023-2028, accelerating at a CAGR of 6.4% during the forecast period. The report on the automotive testing, inspection, and certification (TIC) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing automotive industry worldwide, the increasing number of vehicle recalls, and the rise in technological advancements in automobiles.
Technavio's automotive testing, inspection, and certification (TIC) market is segmented as below:
By Type
By Vehicle Type
- Passenger cars
- Commercial vehicle
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the advent of over-the-air TIC for vehicles as one of the prime reasons driving the automotive testing, inspection, and certification (TIC) market growth during the next few years. Also, the emergence of digital tic and the rising need for tic activities in connected vehicles will lead to sizable demand in the market.
The report on the automotive testing, inspection, and certification (TIC) market covers the following areas:
- Automotive testing, inspection, and certification (TIC) market sizing
- Automotive testing, inspection, and certification (TIC) market forecast
- Automotive testing, inspection, and certification (TIC) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive testing, inspection, and certification (TIC) market vendors that include Apave Group, Applus Services S.A, British Standards Institution, Bureau Veritas SA, DEKRA SE, DNV Group AS, Element Materials Technology Group Ltd., Eurofins Scientific SE, Intertek Group Plc, Mistras Group Inc., Nemko, SGS SA, TUV NORD AG, TUV Rheinland AG, TUV SUD AG, and UL Solutions Inc.. Also, the automotive testing, inspection, and certification (TIC) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.