Testing, Inspection and Certification (TIC) Market Size By Service (Testing, Inspection, Certification), By Application (Agriculture & Food, Construction, Life Science, Consumer Products, Transportation, Energy, Oil, Gas & Chemical), Type & Forecast, 2023

Testing, Inspection and Certification (TIC) Market Size By Service (Testing, Inspection, Certification), By Application (Agriculture & Food, Construction, Life Science, Consumer Products, Transportation, Energy, Oil, Gas & Chemical), Type & Forecast, 2023-2032

Global Testing, Inspection and Certification (TIC) Services Market size will expand considerably through 2032. Growing advancement in testing, inspection, and certification services is a key driver behind market growth. These services are being integrated with automation and robotics to perform repetitive tasks with high accuracy, reduce human errors, and increase productivity. Automated testing equipment and robotic inspection systems are increasingly used in various sectors, including manufacturing, automotive, aerospace, and electronics. This may propel the demand for TIC services across these business spheres, which, in consequence, may favor market growth.

The overall testing, inspection and certification services market is classified based on services, type, application, and region.

In terms of services, the TIC services industry from the inspection segment will garner more than USD 50 billion in revenue by 2032. Growing need for safety and quality assurance across industries will contribute to segment expansion. Companies and regulatory bodies require inspections to verify that equipment, infrastructure, and processes comply with established safety standards and regulations. Inspections help identify potential hazards, defects, or non-compliance issues that could compromise safety or quality.

Based on type, the in-house TIC services market share will grow at a notable CAGR from 2023 to 2032. Low cost of in-house TIC services supports their mass adoption. Additionally, these services can result in faster turnaround times for testing, inspection, and certification processes. Instead of relying on external providers and their schedules, organizations have greater control over the timing and prioritization of TIC activities. This can lead to quicker decision-making, production release, and time-to-market for products or services.

With respect to application, TIC services market value from the consumer products segment will grow notably through 2032. Expanding international trade has increased the need for TIC services for consumer products. With the growth of global markets and international trade, consumer products are being imported and exported across borders at a higher rate. Different countries have varying regulations and standards for consumer products. TIC services play a crucial role in ensuring that products meet the requirements of target markets, facilitating international trade and consumer confidence.

On the regional front, Europe TIC services industry revenue will surpass USD 100 billion by 2032. Stringent product safety regulations are shaping the regional landscape. The region also has a well-established trade infrastructure, which has increased the demand for TIC services. The strong presence of industry leaders such as Applus+ and others focusing on product innovations will also contribute to regional growth.