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Electric Vehicle Testing, Inspection, and Certification (TIC) Market Size - By Offering (Testing, Inspection, Certification), By Vehicle (Passenger vehicle, Commercial vehicle), By Sourcing (In-house, Outsourcing), By Application & Global Forecast, 2024 -

Publisher Global Market Insights
Published Feb 16, 2024
Length 250 Pages
SKU # GMI18677938

Description

Electric Vehicle Testing, Inspection, and Certification (TIC) Market Size - By Offering (Testing, Inspection, Certification), By Vehicle (Passenger vehicle, Commercial vehicle), By Sourcing (In-house, Outsourcing), By Application & Global Forecast, 2024 - 2032


Electric Vehicle Testing, Inspection, and Certification (TIC) Market size is projected to expand at over 9% CAGR from 2024 to 2032. The stringent government regulations for mandating safety standards and emissions compliance are driving the demand for testing and certification services. The high adoption of electric vehicles (EVs) worldwide, coupled with advancements in EV technology is creating the need for comprehensive testing and validation to ensure performance and reliability.

In 2022, EU witnessed the sales of around 56,500 electric vans. This rising sales of EVs is escalating the demand for EV TIC services. The growing consumer awareness regarding sustainability and environmental concerns is further boosting the preference for certified EVs. The evolution of autonomous and connected vehicle technologies is driving the need for specialized testing and certification services. The expansion of EV manufacturing facilities and the emergence of new players is also providing an impetus for the market development.

The EV TIC market is segregated into offering, vehicle, sourcing, application, and region.

In terms of offering, the industry revenue from the inspection segment is slated to rise at substantial rate between 2024 and 2032, due to the increasing regulatory requirements for safety and emissions standards. The complexity of EV components is necessitating thorough inspection services to ensure quality and reliability. The ever-rising consumer demand for certified EVs is also reinforcing the need for comprehensive inspection offerings.

EV testing, inspection, and certification industry revenue from the safety and security application segment is anticipated to rise at significant rate between 2024 and 2032, on account of the stringent regulatory mandates to ensure the safety and reliability of electric vehicles. The rising concerns about cybersecurity threats in connected vehicles is driving the demand for comprehensive testing and certification services. The growing focus on enhancing consumer confidence in the safety of EVs will also boost the segment growth.

Regionally, the Europe EV testing, inspection, and certification market is projected to depict significant CAGR from 2024 to 2032. The rollout of strict regulatory standards to reduce emissions is driving the demand for comprehensive testing and certification services. The increasing adoption of EVs across the region, supported by government incentives and environmental policies is boosting the need for validation and safety assurance. The presence of leading automotive manufacturers and their active investments in EV technology will further augment the regional market progression.

Table of Contents

250 Pages
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360 degree synopsis, 2018-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Manufactures/OEMs
3.2.2 TIC service providers
3.2.3 End-users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Increasing demand for electric vehicles
3.8.1.2 Stringent government regulations related to passenger safety
3.8.1.3 Rapid advancements in electric vehicle technology
3.8.1.4 Supportive government initiatives for electric vehicle
3.8.2 Industry pitfalls & challenges
3.8.2.1 High testing costs
3.8.2.2 Evolution of regulatory standards
3.9 Growth potential analysis
3.10 Porter's analysis
3.10.1 Supplier power
3.10.2 Buyer power
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Industry rivalry
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Offering, 2018-2032 ($Bn)
5.1 Key trends
5.2 Testing
5.3 Inspection
5.4 Certification
Chapter 6 Market Estimates & Forecast, By Vehicle, 2018-2032 ($Bn)
6.1 Key trends
6.2 Passenger vehicle
6.3 Commercial vehicle
Chapter 7 Market Estimates & Forecast, By Sourcing, 2018-2032 ($Bn)
7.1 Key trends
7.2 In-house
7.3 Outsourcing
Chapter 8 Market Estimates & Forecast, By Application, 2018-2032 ($Bn)
8.1 Key trends
8.2 Safety and security
8.3 Communication
8.4 EV charging
8.5 Connectors
8.6 Others
Chapter 9 Market Estimates & Forecast, By Region, 2018-2032 ($Bn)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.3.7 Nordics
9.3.8 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 ANZ
9.4.6 Southeast Asia
9.4.7 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.5.4 Rest of Latin America
9.6 MEA
9.6.1 South Africa
9.6.2 Saudi Arabia
9.6.3 UAE
9.6.4 Rest of MEA
Chapter 10 Company Profiles
10.1 ALS Limited
10.2 Applus+
10.3 Bureau Veritas
10.4 CSA Group
10.5 DEKRA SE
10.6 DNV GL
10.7 Eurofins Scientific
10.8 Exponent, Inc.
10.9 iASYS Technology Solutions
10.10 Intertek Group plc
10.11 Materials Technology
10.12 MET Laboratories, Inc.
10.13 National Technical Systems (NTS)
10.14 Nemko AS
10.15 SGS SA
10.16 Smithers
10.17 The British Standards Institution
10.18 TUV Rheinland
10.19 TUV SUD
10.20 UL LLC

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