Semiconductors and Electronics

Automotive TIC Market By Classifications, Applications and Market Overview 2019-2026

Top Key Players - Applus Services SA, Bureau Veritas SA, Intertek Group PLC, Eurofins Scientific, Mistras Group, Inc, DNV GL Group AS, Rina S.P.A., Norges Elektriske Materiellkontroll

Global Automotive TIC Market report brings together a detailed study of the present and upcoming opportunities to elucidate the future investment in the ABC industry. The Global Automotive TIC Market report consists of drivers and restraints for the market which are obtained with the help of SWOT analysis, along with their impact on the demand over the forecast period. This market research report endows with the productive ideas which in turn help to make the product more effective and striking in the competitive market. This Global Automotive TIC Market industry analysis report speaks in detail about the manufacturing process, type and applications.

The Global Automotive TIC Market is expected to reach USD 31.6 billion by 2026, from USD 18.11 billion in 2018 growing at a CAGR of 7.2% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic year is 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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Automotive TIC validates the test and inspection results against the standard set by the government, international standardization and other. Currently, it is widely used by the manufacturer to show that their products are manufactured according to the government standardization and regulations. It also helps the manufacturer to improve the marketability of their products.  According to Statista, the consumer electronic segment amounts to USD 301,311 million in 2019. Most of the revenue is generated from China.

According to the International Council on Clean Transportation, new car registration in EU increased to 14.60 million in 2017. The strongest growth took place in the sports utility vehicle segment that is about 3.7 million new cars were SUVs. Thus the above factor proves the automotive industry is growing and will derive the demand of Automotive TIC.

Key Market Competitors: Global Automotive TIC Market

The key players operating in the global automotive TIC market are –

  • Applus Services SA
  • Bureau Veritas SA
  • Intertek Group PLC
  • Eurofins Scientific
  • SGS SA

The other players in the market are

  • TUV Nord Group
  • Eurofins Scientific
  • ASTM International
  • Element Materials Technology
  • Lloyd’s Register Group Limited
  • Mistras Group Inc
  • DNV GL Group AS
  • Rina S.P.A.
  • Norges Elektriske Materiellkontroll
  • Dekra Certification GmbH
  • ALS Limited
  • BSI Group
  • SAI Global Limited
  • UL LLC among other.

Competitive Landscape: Global Automotive TIC Market

The global automotive TIC market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Automotive TIC market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

In, July, 2018, SGS SA invested in new accreditations, laboratory services, testing facilities and parameters which will hlp the company with latest development, capabilities and new service available.

Table of Content:

01: Executive Summary

02: Scope of The Report

03: Market Landscape

04: Market Sizing

05: Market Segmentation by Product

06: Five Forces Analysis

07: Customer Landscape

08: Geographic Landscape

09: Decision Framework

10: Drivers and Challenges

11: Market Trends

12: Vendor Landscape

13: Vendor Analysis

Table of Contents Available For this Market Download Free TOC :

Market Drivers:

  • Growth in automotive production worldwide
  • Raising awareness about safety among consumers
  • Stringent regulations and standards in automotive industry

Market Restraint:

  • Varying regulations and standards across regions
  • Time consuming for the overseas qualification test

Segmentation: Global Automotive TIC Market

By Service Type

  • Testing Services
  • Inspection Services
  • Certification Services
  • Other Services

By Sourcing Type

  • In-House
  • Outsourced

By Application

  • Electrical Systems and Components
  • Telematics
  • Vehicle Inspection Services
  • Homologation Testing
  • Interior & Exterior Materials
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Key Insights in the report:

  • Historical and current market size and projection up to 2025
  • Market trends impacting the growth of the global automotive TIC market
  • Analyze and forecast automotive TIC market on the basis of service type, sourcing type, and application
  • Trends of key regional and country-level markets for service type, sourcing type, and application
  • Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. 

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Contact: Data Bridge Market Research

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