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 complexity of automotive technologies and the stringent regulatory landscape have created a strong demand for TIC services in the automotive sector. TIC companies are vital in conducting thorough testing and inspection processes to ensure safety standards and regulations compliance. With the rise of new automotive technologies such as electric vehicles, connected cars, and advanced driver assistance systems, the need for TIC services has intensified. As the automotive industry continues to evolve and new technologies emerge, the automotive TIC market is poised to experience sustained growth as it provides essential services to ensure safety, compliance, and quality in the automotive ecosystem.
Rapid advancements in the automotive industry
With the rise in connected vehicle technologies, there is a growing focus on cybersecurity, interoperability testing, and over-the-air (OTA) updates, among others. TIC providers are incorporating comprehensive cybersecurity testing and certification to identify vulnerabilities and mitigate risks. TIC providers also test interoperability to ensure seamless communication and compatibility between different devices, platforms, and networks. TIC providers are involved in the testing and certifying OTA update processes to ensure their reliability, security, and effectiveness. ADAS technologies are evolving towards autonomous driving. TIC providers are focusing on testing and certifying vehicles’ autonomous capabilities, including sensor accuracy, object detection, decision-making algorithms, and system performance under various driving conditions. TIC providers are involved in testing and certifying the integration of AI and machine learning models in ADAS systems to ensure accuracy, reliability, and safety. With the rise of electric vehicles, there is a focus on testing and certification of batteries, charging stations and infrastructure components, and EVs’ efficiency and range optimization, among others.
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Increasing demand for hydrogen as an alternate fuel and autonomous vehicles
The rising focus on hydrogen fuel cell vehicles (FCVs) has led to a surge in the need for TIC services related to hydrogen fuel technology certification. TIC providers ensure the safety, performance, and compliance of hydrogen storage and distribution systems, fuel cell components, and refueling infrastructure. This includes testing and certifying hydrogen tanks, fuel cells, and hydrogen fueling stations. Autonomous vehicles (AVs) bring forth novel technologies, components, and systems that require rigorous testing and inspection to adhere to safety standards and regulations. TIC services are essential in assessing the dependability and safety of AV components like batteries, charging systems, sensors, and control systems. TIC providers carry out extensive testing and inspection to validate performance, detect potential hazards, and ensure compliance with safety standards, instilling consumer assurance in the safety of these vehicles.
Asia Pacific to be the largest and the fastest growing market by value during the forecast period
Asia Pacific is expected to be the largest and fastest-growing region during the forecast period. In the Asia Pacific region, several TIC providers operate to address the safety, emission regulations, and other certifications set by countries such as China, Japan, and India. These countries have established stringent regulations and standards to ensure the safety, quality, and environmental performance of automotive vehicles and components. TIC providers in the region play a crucial role in conducting safety inspections, emission testing, and certification services to ensure compliance with these regulations. They help automobile manufacturers and suppliers navigate the complex regulatory landscape and obtain the necessary certifications required for their products to enter these markets. By offering comprehensive TIC services, these providers contribute to enhancing road safety, minimizing environmental impact, and fostering consumer confidence in the automotive sector across the Asia Pacific region. Consumer awareness about the importance of certification is on the rise.
Key Market Players
The automotive TIC market is dominated by DEKRA SE (Germany), TÜV SÜD (Germany), Applus+ (Spain), SGS Group (Switzerland), and TÜV Rheinland AG Group (Germany), among others.
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