Acumen research and consulting estimates that the global automotive TIC market is anticipated to reach market size of around US$ 25,000 Mn by 2027 and is anticipated to grow at a CAGR of around 6% in terms of revenue during the forecast period 2020 – 2027.
The performance of the car manufacturers and suppliers is driven by the testing, inspection, and certification (TIC). Safety and quality are increasingly a key driver of market growth. The automotive industry is also expected to follow strict requirements to comply with national and international health regulations and mandates. The increased development of new and hybrid electric vehicles offers the players in the automotive TIC market is a lucrative opportunity during the projected period.
Market Insights
TIC promotes the production of high-quality parts of vehicles and provides vehicle industries with continuous creativity and enhancement of advanced technology to improve the health, protection and physical performance of mobility. The rising use of electronic devices in cars has contributed to demand for test equipment. Special caution should be taken in the implementation of computer devices to test them in order to ensure their usefulness on a daily basis. The increasing number of cases of vehicle device failures has contributed to increased TIC acceptance. The defects in products incur immense costs and lead to the unhappiness of the consumer. In order to take TIC, professional training is needed to perform, understand the algorithms and to implement the TIC, it also includes a specific infrastructure.
In the US, the laws regulating automobile inspection are state-dependent. Some states like Delaware, District of Columbia, North Carolina and Hawaii require a yearly inspection of commercial vehicles and cars and a biennial inspection of passenger vehicles for testing the roadworthiness and safety of road vehicles. In order to provide road protection and comply with traffic regulations, the Land Transport Department has mandated all licensed vehicles to be regularly screened and inspected. For starters, passenger cars must be checked two years after registration in the US, and commercial vehicles must undergo an annual inspection after registration of the vehicle. In the headquarters for TIC, companies are mainly in mainly APAC and the European countries where they generate their revenues. There are about 200 automobile facilities throughout the EU, according to a European Commission Report (2018). In recent years, players in European markets have seen a decline in their sales due to increased demand from emerging countries such as Brazil, Russia, India and China, as well as Europe's financial crisis. The market observed during the forecast period is projected to be guided by steady advances in vehicle by car, vehicle by infrastructure and in-vehicle entertainment technology. Owing to the involvement of leading automobile firms such as Robert Bosch GmbH, Volkswagen AG, Germany, and Daimler AG (Germany), Europe is an important center for the automotive industry. In developing Asia Pacific economies, a number of economically advanced countries have their production units, particularly in China and India. These units are required by globally agreed requirements to produce their goods. Asia Pacific domestic markets are growing rapidly because of the middle-class population's increasing per capita income in these countries.
Key Players
Major players included in this report are Bureau Veritas, DEKRA, MISTRAS Group, Inc., TUV SUD, DNV GL, Intertek Group, TUV Rheinland, ALS Limited, Applus+, TUV NORD GROUP, and others. Applus+ mainly provides services such as registration, engineering, inspection, testing, and technical assistance to various industries. The company's Applus+ Automotive and Applus+ IDIADA business segments play a critical role in the automotive TIC market. A few of the significant factors driving the company's growth in the sector are the introduction of regulatory inspection programs by emerging countries and the insistence of strictly inspection laws in US, coupled with the increasing number of vehicles and the high frequency of inspection services requested by their owners in the EU. Applus+ is present in over 70 countries and has 350 offices and laboratories globally. The company aspires to lead in each of its business segments by making high-return strategic investments. Strategic acquisitions and contracts are the major strategies adopted by the company to enhance its brand name and reputation.
The global automotive TIC market is segmented as below:
Market Segmentation
Automotive TIC Market By Service Type
Testing Services
Inspection Services
Certification Services
Other Services
Automotive TIC Market By Sourcing Type
In-House
Outsourced
Automotive TIC Market By Application
Electrical Systems and Components
Telematics
Vehicle Inspection Services
Homologation Testing
Interior & Exterior Materials
Others
Automotive TIC Market By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Automotive TIC
1.1. Definition and Scope
1.1.1. Definition of Automotive TIC
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Automotive TIC Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Automotive TIC Market By Service Type
1.2.3. Automotive TIC Market By Sourcing Type
1.2.4. Automotive TIC Market By Application
1.2.5. Automotive TIC Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Automotive TIC Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Automotive TIC Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Automotive TIC Major Manufacturers in 2019
CHAPTER 5. Automotive TIC Market By Service Type
5.1. Introduction
5.2. Automotive TIC Revenue By Service Type
5.2.1. Automotive TIC Revenue (US$ Mn) and Forecast, By Service Type, 2016-2027
5.2.2. Testing Services
5.2.2.1. Testing Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Inspection Services
5.2.3.1. Inspection Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Certification Services
5.2.4.1. Certification Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. Other Services
5.2.5.1. Other Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Automotive TIC Market Revenue By Sourcing Type
6.1. Introduction
6.2. Automotive TIC Revenue (US$ Mn) By Sourcing Type
6.2.1. Automotive TIC Revenue (US$ Mn) and Forecast By Sourcing Type, 2016 - 2027
6.2.2. In-House
6.2.2.1. In-House Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Outsourced
6.2.3.1. Outsourced Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Automotive TIC Market By Application
7.1. Introduction
7.2. Automotive TIC Revenue (US$ Mn) By Application
7.2.1. Automotive TIC Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
7.2.2. Electrical Systems and Components
7.2.2.1. Electrical Systems and Components Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Telematics
7.2.3.1. Telematics Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.4. Vehicle Inspection Services
7.2.4.1. Vehicle Inspection Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.5. Homologation Testing
7.2.5.1. Homologation Testing Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.6. Interior & Exterior Materials
7.2.6.1. Interior & Exterior Materials Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.7. Others
7.2.7.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Automotive TIC Market By Country
8.1. North America Automotive TIC Overview
8.2. U.S.
8.2.1. U.S. Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
8.2.2. U.S. Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016-2027
8.2.3. U.S. Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3. Canada
8.3.1. Canada Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
8.3.2. Canada Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016-2027
8.3.3. Canada Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Automotive TIC Market By Country
9.1. Europe Bioanlytical Testing Services Market Overview
9.2. U.K.
9.2.1. U.K. Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
9.2.2. U.K. Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016-2027
9.2.3. U.K. Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3. Germany
9.3.1. Germany Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
9.3.2. Germany Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016-2027
9.3.3. Germany Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4. France
9.4.1. France Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
9.4.2. France Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016-2027
9.4.3. France Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5. Spain
9.5.1. Spain Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
9.5.2. Spain Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016-2027
9.5.3. Spain Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
9.6.2. Rest of Europe Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016-2027
9.6.3. Rest of Europe Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Automotive TIC Market By Country
10.1. Asia Pacific Automotive TIC Market Overview
10.2. China
10.2.1. China Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
10.2.2. China Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016 - 2027
10.2.3. China Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3. Japan
10.3.1. Japan Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
10.3.2. Japan Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016 - 2027
10.3.3. Japan Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4. India
10.4.1. India Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
10.4.2. India Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016 - 2027
10.4.3. India Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5. Australia
10.5.1. Australia Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
10.5.2. Australia Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016 - 2027
10.5.3. Australia Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
10.6.2. South Korea Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016 - 2027
10.6.3. South Korea Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
10.7.2. Rest of Asia-Pacific Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016 - 2027
10.7.3. Rest of Asia-Pacific Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Automotive TIC Market By Country
11.1. Latin America Automotive TIC Market Overview
11.2. Brazil
11.2.1. Brazil Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
11.2.2. Brazil Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016 - 2027
11.2.3. Brazil Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
11.3.2. Mexico Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016 - 2027
11.3.3. Mexico Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
11.4.2. Rest of Latin America Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016 - 2027
CHAPTER 12. Middle East & Africa Automotive TIC Market By Country
12.1. Middle East & Africa Automotive TIC Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
12.2.2. Saudi Arabia Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016 - 2027
12.2.3. Saudi Arabia Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3. UAE
12.3.1. UAE Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
12.3.2. UAE Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016 - 2027
12.3.3. UAE Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Automotive TIC Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
12.4.2. Rest of Middle East & Africa Automotive TIC Market Revenue (US$ Mn) and Forecast By Sourcing Type, 2016 - 2027
12.4.3. Rest of Middle East & Africa Automotive TIC Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
CHAPTER 13. PLAYER ANALYSIS OF AUTOMOTIVE TIC
13.1. Automotive TIC Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Automotive TIC Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1. Bureau Veritas
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Bureau Veritas 2019 Automotive TIC Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. DEKRA
14.3. MISTRAS Group
14.4. TUV SUD
14.5. DNV GL
14.6. Intertek Group
14.7. TÜV Rheinland
14.8. ALS Limited
14.9. Applus+
14.10. TUV NORD GROUP
14.11. Others
