DUBLIN--(BUSINESS WIRE)--The "Automotive Testing, Inspection and Certification Global Market Report 2022: Ukraine-Russia War Impact" report has been added to ResearchAndMarkets.com's offering.
The global automotive testing, inspection, and certification market is expected to grow from $19.8 billion in 2021 to $20.34 billion in 2022 at a compound annual growth rate (CAGR) of 2.7%. The automotive testing, inspection, and certification market is expected to grow to $23.31 billion in 2026 at a CAGR of 3.5%.
North America will be the largest region in the automotive testing, inspection, and certification market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive testing, inspection, and certification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
An increase in automobile production is expected to propel the growth of the automotive testing, inspection, and certification market going forward. Automobiles refer to passenger vehicles with four wheels and an internal combustion gasoline or diesel engine, and are intended for use on public highways. Automotive testing, inspection, and certification help automobiles to be safe and strong and assist in proving the longevity of the engine or shocks.
For instance, in March 2021, according to the Society of Indian Automobile Manufacturers, an India-based national body representing the Indian automobile industry, sales of commercial vehicles grew overall, rising from 5.7 million to 7.2 million units. From April 2021 to March 2022, compared to the prior year, sales of medium and heavy commercial vehicles climbed from 1.6 million to 2.4 million units, and sales of light commercial vehicles increased from 4 million to 4.8 million units.
Furthermore, according to the Alliance for Automotive Innovation, a US-based trade association, automotive sales will increase by 14 million units in 2020. Therefore, the increase in automobile production is driving the growth of the automotive testing, inspection, and certification market.
Advancements in TIC such as virtual reality (VR) and augmented reality (AR) have emerged as the new trends gaining popularity in the automotive testing, inspection, and certification market. Major companies operating in the automotive testing, inspection, and certification market are focused on developing and adopting virtual reality and augmented reality technologies to sustain their position in the market.
For instance, in March 2019, Mechdyne, a US-based technology partner specialising in AV & VR solutions, announced the availability of CAVE systems for immersive virtual reality (VR) constructed using Direct View LED display technology. With the use of these CAVEs, automotive manufacturers can test and modify designs with extreme accuracy. According to Mechdyne, the DV-LED CAVE provides clarity to pictures in both 2D and 3D, requires less maintenance, and occupies less space in the facility than in the traditional projection-based CAVE environment.
Reasons to Purchase
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Scope
Markets Covered:
1) By Service Type: Testing Services; Inspection Services; Certification Services; Other Services
2) By Sourcing Type: In-house; Outsourced
3) By Application: Electrical Systems and Components; Telematics; Interior and Exterior Materials and Components; Fluids and Lubricants; Vehicle Inspection Services; Homologation Testing; Other Applications
Key Topics Covered:
1. Executive Summary
2. Automotive Testing, Inspection and Certification Market Characteristics
3. Automotive Testing, Inspection and Certification Market Trends And Strategies
4. Automotive Testing, Inspection and Certification Market - Macro Economic Scenario
5. Automotive Testing, Inspection and Certification Market Size And Growth
6. Automotive Testing, Inspection and Certification Market Segmentation
7. Automotive Testing, Inspection and Certification Market Regional And Country Analysis
8. Asia-Pacific Automotive Testing, Inspection and Certification Market
9. China Automotive Testing, Inspection and Certification Market
10. India Automotive Testing, Inspection and Certification Market
11. Japan Automotive Testing, Inspection and Certification Market
12. Australia Automotive Testing, Inspection and Certification Market
13. Indonesia Automotive Testing, Inspection and Certification Market
14. South Korea Automotive Testing, Inspection and Certification Market
15. Western Europe Automotive Testing, Inspection and Certification Market
16. UK Automotive Testing, Inspection and Certification Market
17. Germany Automotive Testing, Inspection and Certification Market
18. France Automotive Testing, Inspection and Certification Market
19. Eastern Europe Automotive Testing, Inspection and Certification Market
20. Russia Automotive Testing, Inspection and Certification Market
21. North America Automotive Testing, Inspection and Certification Market
22. USA Automotive Testing, Inspection and Certification Market
23. South America Automotive Testing, Inspection and Certification Market
24. Brazil Automotive Testing, Inspection and Certification Market
25. Middle East Automotive Testing, Inspection and Certification Market
26. Africa Automotive Testing, Inspection and Certification Market
27. Automotive Testing, Inspection and Certification Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Testing, Inspection and Certification Market
29. Automotive Testing, Inspection and Certification Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
- SGS S.A.
- Bureau Veritas S.A.
- Intertek Group Plc.
- Dekra SE
- TUV SUD
- Applus Services S.A.
- TUV Rheinland Ag Group
- Eurofins Scientific SE
- MISTRAS Group Inc.
- Element Materials Technology
- The British Standards Institution
- TUV Nord Group
- NSF International
- RINA S.p.A
- ALS Limited
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