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Automotive Testing, Inspection, and Certification (TIC) Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 143
  • SKU: IRTNTR44030
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The automotive testing, inspection, and certification (TIC) market share are expected to increase by USD 5.03 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.51%.

This automotive testing, inspection, and certification (TIC) market research report provide valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive testing, inspection, and certification (TIC) market segmentation by type (in-house and outsourced) and geography (Europe, North America, APAC, the Middle East and Africa, and South America). The automotive testing, inspection, and certification (TIC) market report also offer information on several market vendors, including ALS Ltd, Applus Services Technologies SL, Bureau Veritas SA, DEKRA SE, DNV Group AS, Element Materials Technology Group Ltd., Eurofins Scientific SE, Intertek Group Plc, LRQA Group Ltd, Mistras Group Inc., NSF International, RINA Spa, SAI Global Pty. Ltd., SGS SA, The British Standards Institution, The Smithers Group Inc, TUV NORD AG, TUV Rheinland AG, TUV SUD AG, and UL LLC among others.

What will the Automotive Testing, Inspection, And Certification (TIC) Market Size be During the Forecast Period?

Automotive Testing, Inspection, and Certification (TIC) Market Size

Download Report Sample to Unlock the Automotive Testing, Inspection, and Certification (TIC) Market Size for the Forecast Period and Other Important StatisTICs

 

Automotive Testing, Inspection, And Certification (TIC) Market: Key Drivers, Trends, and Challenges

The growing automotive industry is notably driving the automotive testing, inspection, and certification (TIC) market growth, although factors such as high lead time for the TIC process may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive testing, inspection, and certification (TIC) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Testing, Inspection, And Certification (TIC) Market Driver

The growing automotive industry is one of the major drivers impacting the automotive testing, inspection, and certification (TIC) market growth. The key players in the automobile industry are planning to start new subsidiaries for electric vehicles. For instance, in April 2020, Toyota announced a new electric car company with BYD Auto Co., Ltd. With the growth of the automotive industry, there is a rise in the need for proper TIC to ensure the safety and performance of vehicles. There is a significant focus on quality control for automotive manufacturing operations and additional safety, testing, and reporting measures. Testing is done on materials used for manufacturing vehicles, automotive lighting and components, and connected vehicle solutions. Vehicle inspection is done to ensure that the vehicles conform to safety and emission regulations mandated by national or subnational governments. TIC services assist manufacturers in improving the marketability of their products and reducing costs in the pre-production phases. So, the rapid growth of the automotive industry is expected to fuel the demand for automotive TIC during the forecast period.

Key Automotive Testing, Inspection, And Certification (TIC) Market Trend

The emergence of digital TIC is one of the major trends influencing the automotive testing, inspection, and certification (TIC) market growth. Physical inspection of vehicles is widely being replaced by digital inspection, predictive maintenance, and integrated sensors. For instance, smart sensors being integrated into vehicles provide a constant stream of data. The use of smart sensors enables round-the-clock remote monitoring and inspection capabilities of vehicles. It can also be used for safety and security checks and even for predictive maintenance. This reduces the need for on-site physical inspections and provides secure data generation and analyses. Furthermore, the implementation of virtual reality (VR) and augmented reality (AR) is helping in opening up significant opportunities in automotive TIC. AR is being used for TIC to improve service quality and efficiency. The use of AR technology helps in improving the testing of automated vehicles and can also reduce additional testing costs. AR combines the real world with the virtual world to create a faster, more efficient, and economical approach to testing automated vehicles. Advances such as digital TIC for vehicles provide growth opportunities and help OEMs improve their overall profit margins. Thus, such factors will propel the growth of the global automotive TIC market during the forecast period.

Key Automotive Testing, Inspection, And Certification (TIC) Market Challenge

High lead time for the TIC process is one of the major challenges impeding the automotive testing, inspection, and certification (TIC) market growth. The automotive TIC procedure is a lengthy process and takes a long time once a vehicle is manufactured. The automobile must be thoroughly inspected and approved by an inspection team of trained technicians and service managers before receiving certification. The certification bodies ensure each prospective vehicle is fitted with genuine parts and components before the certification process. Vehicles must pass an extensive examination and a thorough and rigorous inspection by factory-trained technicians who inspect vehicles for safety, performance, and wear. Different countries follow different regulations and standards related to automobiles. Vehicles manufactured need to comply with the standards specified for the country in which they are sold. So, in the case of exports, manufacturers have to undergo more procedures to make vehicles in compliance with the standards. Homologation is an important procedure in the automotive industry. To get certified based on WLTP, vehicles require new emission equipment such as particulate filters. So, manufacturers have to equip their vehicles with new components and conduct testing procedures. The process takes time, thereby increasing the overall lead time of the overall automotive TIC. Thus, such factors will hinder the growth of the global automotive TIC market during the forecast period.

This automotive testing, inspection, and certification (TIC) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive testing, inspection, and certification (TIC) market as a part of the global research and consulting services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive testing, inspection, and certification (TIC) market during the forecast period.

Who are the Major Automotive Testing, Inspection, And Certification (TIC) Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ALS Ltd
  • Applus Services Technologies SL
  • Bureau Veritas SA
  • DEKRA SE
  • DNV Group AS
  • Element Materials Technology Group Ltd.
  • Eurofins Scientific SE
  • Intertek Group Plc
  • LRQA Group Ltd
  • Mistras Group Inc.
  • NSF International
  • RINA Spa
  • SAI Global Pty. Ltd.
  • SGS SA
  • The British Standards Institution
  • The Smithers Group Inc
  • TUV NORD AG
  • TUV Rheinland AG
  • TUV SUD AG
  • UL LLC

 

This statistical study of the automotive testing, inspection, and certification (TIC) market encompasses successful business strategies deployed by the key vendors. The automotive testing, inspection, and certification (TIC) market are fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ul.com - The company offers copper alloy that combines a range of properties suited to meet the requirements of many automotive, electronic, and aerospace industries.

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive testing, inspection, and certification (TIC) market forecast report offer in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Testing, Inspection, And Certification (TIC) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive testing, inspection, and certification (TIC) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automotive Testing, Inspection, And Certification (TIC) Market?

Automotive Testing, Inspection, and Certification (TIC) Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

36% of the market’s growth will originate from Europe during the forecast period. Germany and Italy are the key markets for the automotive testing, inspection, and certification (TIC) market in Europe. Market growth in this region will be faster than the growth of the market in other regions.

The increasing demand for lightweight and electric commercial vehicles in Europe will facilitate the automotive testing, inspection, and certification (TIC) market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 negatively impacted the growth of the automotive TIC market in Europe. Due to the pandemic, lockdowns were announced in most countries, such as Germany, France, Italy, and the UK. Automobile manufacturing units were closed, footfall declined at showrooms, and the sales of vehicles declined. Furthermore, owing to disruption in the automotive supply chain amid a reduction in the import of supplies, the value of the European automotive industry declined by approximately $2 billion.

What are the Revenue-generating Type Segments in the Automotive Testing, Inspection, And Certification (TIC) Market?

Automotive Testing, Inspection, and Certification (TIC) Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The automotive testing, inspection, and certification (TIC) market share growth in the in-house segment will be significant during the forecast period. In-house was the largest segment of the market in 2021 and will continue to be the largest segment of the market during the forecast period. In-house TIC refers to performing TIC activities within the company instead of relying on outsourcing.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive testing, inspection, and certification (TIC) market size and actionable market insights on post-COVID-19 impact on each segment.

 

Automotive Testing, Inspection, And Certification (TIC) Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.51%

Market growth 2022-2026

$ 5.03 billion

Market structure

Fragmented

YoY growth (%)

5.0

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 36%

Key consumer countries

US, China, Japan, Germany, and Italy

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ALS Ltd, Applus Services Technologies SL, Bureau Veritas SA, DEKRA SE, DNV Group AS, Element Materials Technology Group Ltd., Eurofins Scientific SE, Intertek Group Plc, LRQA Group Ltd, Mistras Group Inc., NSF International, RINA Spa, SAI Global Pty. Ltd., SGS SA, The British Standards Institution, The Smithers Group Inc, TUV NORD AG, TUV Rheinland AG, TUV SUD AG, and UL LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

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What are the Key Data Covered in this Automotive Testing, Inspection, And Certification (TIC) Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive testing, inspection, and certification (TIC) market growth during the next five years
  • Precise estimation of the automotive testing, inspection, and certification (TIC) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive testing, inspection, and certification (TIC) industry across Europe, North America, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive testing, inspection, and certification (TIC) market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 In-house - Market size and forecast 2021-2026
      • Exhibit 28: Chart on In-house - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on In-house - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on In-house - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on In-house - Year-over-year growth 2021-2026 (%)
    • 5.4 Outsourced - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Outsourced - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Outsourced - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Outsourced - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Outsourced - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 Italy - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Italy - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Italy - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Applus Services Technologies SL
              • Exhibit 89: Applus Services Technologies SL - Overview
              • Exhibit 90: Applus Services Technologies SL - Business segments
              • Exhibit 91: Applus Services Technologies SL - Key offerings
              • Exhibit 92: Applus Services Technologies SL - Segment focus
            • 10.4 Bureau Veritas SA
              • Exhibit 93: Bureau Veritas SA - Overview
              • Exhibit 94: Bureau Veritas SA - Business segments
              • Exhibit 95: Bureau Veritas SA - Key news
              • Exhibit 96: Bureau Veritas SA - Key offerings
              • Exhibit 97: Bureau Veritas SA - Segment focus
            • 10.5 DEKRA SE
              • Exhibit 98: DEKRA SE - Overview
              • Exhibit 99: DEKRA SE - Business segments
              • Exhibit 100: DEKRA SE - Key offerings
              • Exhibit 101: DEKRA SE - Segment focus
            • 10.6 Eurofins Scientific SE
              • Exhibit 102: Eurofins Scientific SE - Overview
              • Exhibit 103: Eurofins Scientific SE - Business segments
              • Exhibit 104: Eurofins Scientific SE - Key news
              • Exhibit 105: Eurofins Scientific SE - Key offerings
              • Exhibit 106: Eurofins Scientific SE - Segment focus
            • 10.7 Intertek Group Plc
              • Exhibit 107: Intertek Group Plc - Overview
              • Exhibit 108: Intertek Group Plc - Business segments
              • Exhibit 109: Intertek Group Plc - Key news
              • Exhibit 110: Intertek Group Plc - Key offerings
              • Exhibit 111: Intertek Group Plc - Segment focus
            • 10.8 Mistras Group Inc.
              • Exhibit 112: Mistras Group Inc. - Overview
              • Exhibit 113: Mistras Group Inc. - Business segments
              • Exhibit 114: Mistras Group Inc. - Key offerings
              • Exhibit 115: Mistras Group Inc. - Segment focus
            • 10.9 RINA Spa
              • Exhibit 116: RINA Spa - Overview
              • Exhibit 117: RINA Spa - Product / Service
              • Exhibit 118: RINA Spa - Key offerings
            • 10.10 SGS SA
              • Exhibit 119: SGS SA - Overview
              • Exhibit 120: SGS SA - Business segments
              • Exhibit 121: SGS SA - Key offerings
              • Exhibit 122: SGS SA - Segment focus
            • 10.11 TUV NORD AG
              • Exhibit 123: TUV NORD AG - Overview
              • Exhibit 124: TUV NORD AG - Business segments
              • Exhibit 125: TUV NORD AG - Key news
              • Exhibit 126: TUV NORD AG - Key offerings
              • Exhibit 127: TUV NORD AG - Segment focus
            • 10.12 TUV SUD AG
              • Exhibit 128: TUV SUD AG - Overview
              • Exhibit 129: TUV SUD AG - Business segments
              • Exhibit 130: TUV SUD AG - Key offerings
              • Exhibit 131: TUV SUD AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 132: Inclusions checklist
                • Exhibit 133: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Automotive Testing, Inspection, and Certification (TIC) market growth will increase by $5030.93 million during 2022-2026.
                The automotive testing, inspection, and certification (tic) market is expected to grow at a CAGR of 5.51% during 2022-2026.
                Technavio has segmented the automotive testing, inspection, and certification (tic) market by type (In-house and Outsourced) and geographic (Europe, North America, APAC, Middle East and Africa, and South America).
                ALS Ltd, Applus Services Technologies SL, Bureau Veritas SA, DEKRA SE, DNV Group AS, Element Materials Technology Group Ltd., Eurofins Scientific SE, Intertek Group Plc, LRQA Group Ltd, Mistras Group Inc., NSF International, RINA Spa, SAI Global Pty. Ltd., SGS SA, The British Standards Institution, The Smithers Group Inc, TUV NORD AG, TUV Rheinland AG, TUV SUD AG, UL LLC are a few of the key vendors in the automotive testing, inspection, and certification (tic) market.
                Europe will register the highest growth rate of 36.42% among the other regions. Therefore, the automotive testing, inspection, and certification (tic) market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the automotive testing, inspection, and certification (tic) market growth are:
                • Growing automotive industry
                • Advent of over-the-air TIC for vehicles
                The automotive testing, inspection, and certification (tic) market vendors should focus on grabbing business opportunities from the in-house segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
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                • What are the factors influencing the growth of the parent market?
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