The Automotive Testing & Inspection Market is witnessing unprecedented growth due to the increasing complexity of automotive systems, stringent regulatory standards, and the rising demand for advanced safety features. As vehicles become more technologically sophisticated, the need for robust testing and inspection processes becomes paramount to identify and rectify potential defects.
Dynamics Shaping the Market:
- Regulatory Compliance: The automotive industry is subject to stringent regulatory standards globally. Stricter emission norms, safety regulations, and quality standards drive the demand for comprehensive testing and inspection services. The market is directly influenced by the evolving regulatory landscape, necessitating continuous adaptation by industry players.
- Technological Advancements: The integration of advanced technologies such as electric vehicles, autonomous driving systems, and connected features has transformed the automotive landscape. As a result, testing and inspection procedures must evolve to address the unique challenges posed by these innovations. The market is witnessing a surge in demand for testing solutions tailored to these emerging technologies.
- Consumer Expectations: Modern consumers are increasingly conscious of safety, performance, and environmental impact when choosing vehicles. This has led to a growing emphasis on third-party testing and inspection services to validate manufacturers' claims and build trust among consumers. Meeting and exceeding consumer expectations is a driving force in the Automotive Testing & Inspection Market.
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Industrial Development:
The automotive testing and inspection sector has experienced significant industrial development, marked by advancements in testing methodologies, equipment, and facilities. The advent of virtual testing through simulation technologies has streamlined the development process, reducing time and costs. Furthermore, the emergence of testing facilities equipped to handle electric and autonomous vehicles reflects the industry's commitment to staying ahead of technological curves.
Future Trends:
- Increased Emphasis on Cybersecurity Testing: With the rise of connected and autonomous vehicles, the automotive industry faces new challenges related to cybersecurity. The future of automotive testing will see a heightened focus on ensuring the security of vehicle communication systems and protecting against cyber threats.
- Integration of Artificial Intelligence (AI): AI is poised to revolutionize automotive testing by enabling more efficient and predictive testing processes. Machine learning algorithms can analyze vast amounts of data to identify patterns and potential issues, contributing to faster and more accurate testing outcomes.
- Rise of Smart Testing Facilities: The future holds the prospect of smart testing facilities equipped with IoT sensors and data analytics. These facilities will offer real-time monitoring, predictive maintenance, and a more connected approach to testing and inspection processes.
Top Key Players:
- SGS Group: A global leader in inspection, verification, testing, and certification services, SGS Group has a strong presence in the Automotive Testing & Inspection Market. Their comprehensive range of services spans emissions testing, vehicle safety inspection, and compliance testing.
- Bureau Veritas: With a focus on quality, health, safety, and environmental (QHSE) standards, Bureau Veritas is a key player in automotive testing. Their expertise includes emissions testing, vehicle performance testing, and certification services.
- Intertek Group: Intertek Group is a leading provider of testing and inspection services for various industries, including automotive. Their services cover performance testing, safety testing, and quality assurance.
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The Automotive Testing, Inspection and Certification (TIC) sector consists of conformity assessment bodies that provide services ranging from auditing and inspection, to testing, verification, quality assurance and certification.The rising number of accidents, increasing automation in vehicles, advanced and more sophisticated components and features of a vehicle, increasing pollution, these are factors due to which demand for vehicle tasting and inspection is increasing day by day.In 2017, Europe dominated the automotive testing, inspection, and certification market with 43.7% share, thanks to the presence of some of the world?s leading automotive manufacturers and a steadily expanding domestic automotive industry.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-automotive-testing-inspection-certification-2019-2024-114North America also accounts for a significant share in the global market owing to the well-established automotive sector.
In regions like Europe and North America, stringent rules for periodic vehicle inspection and testing are laid down so as to ensure the safety of human life.
These regulations are also key drivers for the automotive testing, inspection, and certification market in these regions.According to this study, over the next five years the Automotive Testing, Inspection, and Certification market will register a 5.4% CAGR in terms of revenue, the global market size will reach US$ 18200 million by 2024, from US$ 14000 million in 2019.
In particular, this report presents the global revenue market share of key companies in Automotive Testing, Inspection, and Certification business, shared in Chapter 3.This report presents a comprehensive overview, market shares and growth opportunities of Automotive Testing, Inspection, and Certification market by product type, application, key companies and key regions.This study considers the Automotive Testing, Inspection, and Certification value generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.TestingInspectionSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.Passenger CarsCommercial VehiclesThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaSpainMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC CountriesThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report: Breakdown data in in Chapter 3.DEKRAT?V S?D GroupBureau VeritasApplus ServicesSGS GroupIntertek GroupT?V Rheinland GroupT?V Nord GroupResearch objectives:To study and analyze the global Automotive Testing, Inspection, and Certification market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Automotive Testing, Inspection, and Certification market by identifying its various subsegments.Focuses on the key global Automotive Testing, Inspection, and Certification players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Automotive Testing, Inspection, and Certification with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the size of Automotive Testing, Inspection, and Certification submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Get the Complete Report & TOC @ https://www.grandresearchstore.com/automotive-and-transportation/global-automotive-testing-inspection-certification-2019-2024-114Table of content1 Scope of the Report1.1 Market Introduction1.2 Research Objectives1.3 Years Considered1.4 Market Research Methodology1.5 Economic Indicators1.6 Currency Considered2 Executive Summary2.1 World Market Overview2.1.1 Global Automotive Testing, Inspection, and Certification Market Size 2014–20242.1.2 Automotive Testing, Inspection, and Certification Market Size CAGR by Region2.2 Automotive Testing, Inspection, and Certification Segment by Type2.2.1 Testing2.2.2 Inspection2.2.3 Certification2.3 Automotive Testing, Inspection, and Certification Market Size by Type2.3.1 Global Automotive Testing, Inspection, and Certification Market Size Market Share by Type (2014–2019)2.3.2 Global Automotive Testing, Inspection, and Certification Market Size Growth Rate by Type (2014–2019)2.4 Automotive Testing, Inspection, and Certification Segment by ApplicationCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
