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Automotive Testing, Inspection And Certification (TIC) Market Size, Share, Growth, Trends And Opportunities
Automotive Testing, Inspection And Certification (TIC) Global Market Report 2024
As per the report, the automotive testing, inspection and certification (TIC) market size has grown strongly in recent years. It will grow from $19.98 billion in 2023 to $21.56 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The automotive testing, inspection and certification (TIC) market size is expected to see strong growth in the next few years. It will grow to $29.57 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
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What Is Driving The Growth Of The Global Automotive Testing, Inspection And Certification (TIC) Market?
Impact Of Rising Road Accidents On The Automotive Testing, Inspection, And Certification (TIC) Market
The increasing number of road accidents is expected to propel the growth of the automotive testing, inspection, and certification (TIC) market going forward. The rise in road accidents is due to distracted driving, driving under the influence, reckless driving, and weather conditions. Automotive testing, inspection, and certification (TIC) plays a crucial role in reducing road accidents by ensuring that vehicles and their components meet high safety, reliability, and performance standards.
What Is The Key Trend In The Global Automotive Testing, Inspection And Certification (TIC) Market?
AI-Powered Platforms Revolutionize Automotive Testing, Inspection, And Certification Market
Major companies operating in the automotive testing, inspection, and certification (TIC) market are focusing on developing advanced solutions, such as artificial intelligence-powered platforms, to enhance testing accuracy and efficiency. Artificial intelligence-powered platforms for vehicle inspection refer to systems that use AI technology to automatically analyze and assess the condition of vehicles, improving accuracy and efficiency in the inspection process.
How Is The Global Automotive Testing, Inspection And Certification (TIC) Market Segmented?
The automotive testing, inspection and certification (TIC) market covered in this report is segmented -
1) By Service Type: Testing Services, Inspection Services, Certification Services, Other Service Types
2) By Sourcing Type: In-House, Outsourced
3) By Vehicle Type: Passenger Cars, Commerical Vehicles
4) By Application: Electrical Systems And Components, Telematics, Vehicle Inspection Services, Homologation Testing, Interior And Exterior Materials, Other Applications
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How Is The Competitive Landscape Of The Global Automotive Testing, Inspection And Certification (TIC) Market?
Major companies operating in the automotive testing, inspection and certification (TIC) market are Eurofins Scientific SE, SGS SA, Bureau Veritas SA, Intertek Group PLC, DEKRA, UL Solutions, Element Materials Technology, Exova Group Limited, ALS Limited, Apave Group, BSI Group(British Standards Institution), RINA, MISTRAS Group, Kiwa NV, NSF International, SAI Global, The Smithers Group Inc., Method Park, TÜV Rheinland, DNV GL(Det Norske Veritas Germanisher Lloyd)
Contents Of The Global Automotive Testing, Inspection And Certification (TIC) Market
1. Executive Summary
2. Automotive Testing, Inspection And Certification (TIC) Market Report Structure
3. Automotive Testing, Inspection And Certification (TIC) Market Trends And Strategies
4. Automotive Testing, Inspection And Certification (TIC) Market - Macro Economic Scenario
5. Automotive Testing, Inspection And Certification (TIC) Market Size And Growth
…..
27. Automotive Testing, Inspection And Certification (TIC) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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