Press release
Automotive TIC Market including DEKRA SE (Germany), TÜV SÜD (Germany), Applus+ (Spain), SGS Group (Switzerland) and Other Players
"Growing demand for testing, inspection and certification to ensure vehicles safety and development in automobile technologies will increase demand for automotive TIC services in coming years."
The global automotive TIC market is projected to grow from USD 17.7 billion in 2023 to USD 20.9 billion by 2028, registering a CAGR of 3.4%. The increasing focus on sustainability and environmental regulations in the automotive industry has led to a shift in demand for TIC services. With the rise of electric vehicles and the need for accurate emissions testing and certification, TIC providers play a crucial role in ensuring compliance with environmental standards. Additionally, the emergence of new technologies such as advanced driver assistance systems and autonomous vehicles, has created opportunities for TIC companies to offer testing and certification services for these innovative solutions. Furthermore, the automotive TIC market has benefited from the increasing complexity of vehicle components and systems, requiring comprehensive testing and inspection to guarantee safety and performance. As the automotive industry continues to evolve and adapt to changing market demands, the need for quality assurance, safety compliance, and environmental sustainability will drive the growth of automotive TIC market.
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"TIC for vehicle inspection services to be the largest segment in North American market during the forecast period"
TIC for vehicle inspection is expected to be the largest segment during the forecast period. North America has stringent regulations regarding vehicle safety, emissions, and overall compliance with standards. Vehicle inspection services are essential for verifying and ensuring that vehicles meet these regulatory requirements and are safe and roadworthy. Consumer awareness and demand for quality and reliable vehicles contribute to the growth of vehicle inspection services. Buyers in North America are increasingly conscious of safety and quality aspects and often seek independent inspections to assess the condition and reliability of used vehicles.
"TIC for Connectivity and Telematics to be a promising segment during the forecast period"
Telematics refers to the integration of telecommunication and informatics in an automobile. It combines consumer communications and information features, including hands-free voice communications, navigation, in-car computing, and wireless networking with the standard functions of automotive entertainment systems. Rapid digitalization and technological advancements across the Asia Pacific region have led to increased connectivity and integration of vehicles with various digital platforms and services. Telematics systems involving telecommunications and informatics enable vehicles to communicate, exchange data, and access services in real-time. This connectivity enhances vehicle functionality, safety, and user experience, driving the demand for TIC services to ensure telematics systems' reliability, security, and compliance. The increasing consumer demand for connected car features and services is driving the demand for telematics and connectivity in the automotive market. Consumers are seeking enhanced convenience, entertainment, and safety features in their vehicles, such as in-car infotainment systems, navigation, emergency services, and remote-control capabilities. TIC services play a vital role in certifying these connected car systems' functionality, interoperability, and cybersecurity, providing assurance to consumers and automotive manufacturers.
The automotive industry is undergoing a profound transformation, with technological advancements and changing consumer expectations driving innovation. In this landscape of evolution, the future of Automotive Testing, Inspection, and Certification (TIC) is poised to play a crucial role in ensuring safety, reliability, and compliance.
As vehicles become increasingly autonomous, electric, and interconnected, the TIC sector must adapt to these shifts. Rigorous testing and validation processes will be essential to ensure the safe deployment of autonomous vehicles. TIC companies will need to develop advanced simulation techniques, real-world scenario testing, and comprehensive validation procedures to instill confidence in these cutting-edge technologies.
Electric vehicles (EVs) are another focal point. TIC services will need to encompass not only the safety of battery systems and charging infrastructure but also the overall performance and efficiency of EVs. Accurate range prediction, battery longevity assessments, and efficient charging protocols will become integral components of automotive TIC.
Moreover, as regulatory frameworks evolve, TIC will need to stay ahead of compliance requirements. This will entail close collaboration with governmental bodies and industry stakeholders to establish standardized testing procedures and certification protocols.
Incorporating emerging technologies like artificial intelligence and the Internet of Things, the future of automotive TIC holds the promise of streamlined processes, predictive maintenance, and enhanced data-driven insights. The TIC sector's adaptability and proactive approach to these changes will be pivotal in fostering trust among consumers, manufacturers, and regulatory authorities in the dynamic automotive landscape of tomorrow.
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The global automotive TIC market is projected to grow from USD 17.7 billion in 2023 to USD 20.9 billion by 2028, registering a CAGR of 3.4%. The increasing focus on sustainability and environmental regulations in the automotive industry has led to a shift in demand for TIC services. With the rise of electric vehicles and the need for accurate emissions testing and certification, TIC providers play a crucial role in ensuring compliance with environmental standards. Additionally, the emergence of new technologies such as advanced driver assistance systems and autonomous vehicles, has created opportunities for TIC companies to offer testing and certification services for these innovative solutions. Furthermore, the automotive TIC market has benefited from the increasing complexity of vehicle components and systems, requiring comprehensive testing and inspection to guarantee safety and performance. As the automotive industry continues to evolve and adapt to changing market demands, the need for quality assurance, safety compliance, and environmental sustainability will drive the growth of automotive TIC market.
Download Free Sample PDF @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1561871
"TIC for vehicle inspection services to be the largest segment in North American market during the forecast period"
TIC for vehicle inspection is expected to be the largest segment during the forecast period. North America has stringent regulations regarding vehicle safety, emissions, and overall compliance with standards. Vehicle inspection services are essential for verifying and ensuring that vehicles meet these regulatory requirements and are safe and roadworthy. Consumer awareness and demand for quality and reliable vehicles contribute to the growth of vehicle inspection services. Buyers in North America are increasingly conscious of safety and quality aspects and often seek independent inspections to assess the condition and reliability of used vehicles.
"TIC for Connectivity and Telematics to be a promising segment during the forecast period"
Telematics refers to the integration of telecommunication and informatics in an automobile. It combines consumer communications and information features, including hands-free voice communications, navigation, in-car computing, and wireless networking with the standard functions of automotive entertainment systems. Rapid digitalization and technological advancements across the Asia Pacific region have led to increased connectivity and integration of vehicles with various digital platforms and services. Telematics systems involving telecommunications and informatics enable vehicles to communicate, exchange data, and access services in real-time. This connectivity enhances vehicle functionality, safety, and user experience, driving the demand for TIC services to ensure telematics systems' reliability, security, and compliance. The increasing consumer demand for connected car features and services is driving the demand for telematics and connectivity in the automotive market. Consumers are seeking enhanced convenience, entertainment, and safety features in their vehicles, such as in-car infotainment systems, navigation, emergency services, and remote-control capabilities. TIC services play a vital role in certifying these connected car systems' functionality, interoperability, and cybersecurity, providing assurance to consumers and automotive manufacturers.
The automotive industry is undergoing a profound transformation, with technological advancements and changing consumer expectations driving innovation. In this landscape of evolution, the future of Automotive Testing, Inspection, and Certification (TIC) is poised to play a crucial role in ensuring safety, reliability, and compliance.
As vehicles become increasingly autonomous, electric, and interconnected, the TIC sector must adapt to these shifts. Rigorous testing and validation processes will be essential to ensure the safe deployment of autonomous vehicles. TIC companies will need to develop advanced simulation techniques, real-world scenario testing, and comprehensive validation procedures to instill confidence in these cutting-edge technologies.
Electric vehicles (EVs) are another focal point. TIC services will need to encompass not only the safety of battery systems and charging infrastructure but also the overall performance and efficiency of EVs. Accurate range prediction, battery longevity assessments, and efficient charging protocols will become integral components of automotive TIC.
Moreover, as regulatory frameworks evolve, TIC will need to stay ahead of compliance requirements. This will entail close collaboration with governmental bodies and industry stakeholders to establish standardized testing procedures and certification protocols.
Incorporating emerging technologies like artificial intelligence and the Internet of Things, the future of automotive TIC holds the promise of streamlined processes, predictive maintenance, and enhanced data-driven insights. The TIC sector's adaptability and proactive approach to these changes will be pivotal in fostering trust among consumers, manufacturers, and regulatory authorities in the dynamic automotive landscape of tomorrow.
Download Complete Report @ https://www.reportsnreports.com/purchase.aspx?name=1561871
ReportsnReports - Your Market Research Librarian
Corporate Headquarters
Tower B5, office 101, Magarpatta SEZ,
Hadapsar, Pune-411013, India.
+ 1 347 333 3771
sales@reportsandreports.com
ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.
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