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The Japan - Testing, Inspection and Certification (TIC) Market size is estimated to grow at a CAGR of 3.71% between 2023 and 2028. The market size is forecast to increase by USD 3.10 billion. The growth of the market depends on several factors stringent government regulations to ensure product and environmental safety, the rising need for interoperability testing due to the increased adoption of IoT and the rise in trade of counterfeit and defective pharmaceutical products.
The report includes a comprehensive outlook on the Japan Testing, Inspection, And Certification Market, offering forecasts for the industry segmented by Service Type, which comprises testing and inspection service and certification service. Additionally, it categorizes Source into in-house and outsourced, and covers End-user, including infrastructure, energy and power, healthcare, manufacturing, and others. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Japan Testing, Inspection, And Certification Market Forecast 2024-2028
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Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The increase in the trade of counterfeit and defective pharmaceutical products has positively impacted the Japan - testing, inspection and certification (TIC) market. This illicit trade poses grave threats to public health and safety, necessitating stringent measures for testing, inspection, and certification to mitigate the risks associated with counterfeit and substandard pharmaceutical goods. The increase in such fraudulent activities has prompted heightened demand for testing, inspection, and certification services to combat the proliferation of counterfeit and substandard pharmaceuticals in the Japanese market.
Moreover, by engaging actively in certification activities, testing, inspection, and certification organizations reinforce the credibility of genuine pharmaceutical products, instilling trust amongst consumers and healthcare providers while simultaneously combating the influx of counterfeit and substandard pharmaceuticals in the Japanese market. Thus, such factors are expected to increase the demand for testing, inspection, and certification services, which will drive the growth of the market during the forecast period.
The emergence of over-the-air (OTA) testing, inspection, and certification has transformed the landscape of vehicle testing in Japan significantly, revolutionizing the validation of automotive electronic systems, software updates, and connectivity features. OTA testing has gained prominence as an important method to assess and certify the performance, security, and compliance of automotive software and electronic components, offering a wide array of benefits for automotive manufacturers, service providers, and end-users. Additionally, OTA testing facilitates the validation of cybersecurity measures and data integrity within automotive software and electronic systems.
Moreover, by incorporating stringent cybersecurity assessments through OTA testing, automotive manufacturers can fortify the security posture of their vehicles, safeguarding sensitive user data, and upholding regulatory compliance in Japan's dynamic automotive industry. Thus, the above-mentioned factors are expected to increase the adoption of testing, inspection, and certification, which will drive the growth of the Japan testing, inspection and certification (TIC) market during the forecast period.
The Japan - testing, inspection and certification (TIC) market has been adversely affected by the low adoption rate of innovative technologies. This situation has hindered progress and limited the industry's ability to capitalize on the potential benefits of cutting-edge solutions. The impact of this low adoption rate can be observed across various sectors within the Japan - testing, inspection and certification market, including manufacturing, construction, and electronics. Additionally, the low adoption rate of innovative technologies has resulted in missed opportunities for testing, inspection, and certification companies to optimize their operations and expand their service offerings.
However, the inertia to adopt these technologies has limited their ability to innovate and diversify their service portfolios, ultimately impacting their growth potential. Thus, such factors are expected to hinder the growth of the market during the forecast period.
The testing and inspection service segment is estimated to witness significant growth during the forecast period. The testing and inspection service segment holds a significant share in the Japan - testing, inspection and certification (TIC) market, with a commitment to ensuring the safety, quality, and compliance of products and services across various industries. This segment encompasses a wide range of activities, from material testing to quality control inspections, and plays a pivotal role in upholding Japan's reputation for rigorous standards and reliability in Japan - testing, inspection and certification market.
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The testing and inspection service segment was the largest and was valued at USD 10.37 billion in 2018. Additionally, the food and agriculture sector in Japan benefits from testing and inspection services to verify the safety and quality of food products. From microbiological testing to chemical residue analysis, these services help ensure compliance with stringent food safety regulations and international standards. Japan's commitment to maintaining the integrity of its food and agriculture products through comprehensive testing and inspection services further solidifies the influential role of the Japan - testing, inspection and certification market in the food and agriculture sector. Thus, the above-mentioned advantages are expected to increase the adoption of testing and inspection services among various end-user industries, which will propel the growth of the testing and inspection segment of the market during the forecast period.
Based on source, the market has been segmented into in-house and outsourced. The in-house?segment will account for the largest share of this segment.?The in-house segment holds a significant share in the Japan - testing, inspection and certification market and plays a crucial role in ensuring product quality and safety within various industries. The in-house segment also allows companies to respond more effectively to Japan - testing, inspection and certification market demands and regulatory changes, as they can adapt their testing and certification procedures swiftly without relying on external service providers and their turnaround times. Furthermore, it fosters a culture of continuous improvement and innovation as companies strive to enhance their internal testing, inspection, and certification capabilities. Therefore, such advantages are expected to increase the adoption of testing, inspection, and certification in the in-house segment, which will propel the growth of the in-house segment of the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
American Bureau of Shipping - The company offers product testing, inspection and certification through ABS Quality Evaluation ABS QE Audit Process certificates, under its subsidiary called ABS Group of Companies Inc.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including American Bureau of Shipping, AmSpec LLC, Apave Group, Applus Services S.A., AsureQuality Ltd., Bureau Veritas SA, Cotecna Inspection SA, DEKRA SE, DNV Group AS, Element Materials Technology Group Ltd., Eurofins Scientific SE, Helmsman Quality and Technology Services Co. Ltd., Intertek Group Plc, Japan Inspection Co. Ltd., L and T Technology Services Ltd., SGS SA, TUV NORD Group, TUV Rheinland AG, TUV SUD AG, and UL Solutions Inc.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The Japan Testing, Inspection, And Certification Market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Japan Testing, Inspection, And Certification Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.71% |
Market Growth 2024-2028 |
USD 3.10 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.21 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
American Bureau of Shipping, AmSpec LLC, Apave Group, Applus Services S.A., AsureQuality Ltd., Bureau Veritas SA, Cotecna Inspection SA, DEKRA SE, DNV Group AS, Element Materials Technology Group Ltd., Eurofins Scientific SE, Helmsman Quality and Technology Services Co. Ltd., Intertek Group Plc, Japan Inspection Co. Ltd., L and T Technology Services Ltd., SGS SA, TUV NORD Group, TUV Rheinland AG, TUV SUD AG, and UL Solutions Inc. |
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, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service Type
7 Market Segmentation by Source
8 Market Segmentation by End-user
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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