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TIC Market for Automotive Industry

<br>The testing, inspection, and certification market in the automotive industry was USD 17 billion in 2020, registering a CAGR of 4.3% during the forecast period 2021-2027. Testing in TIC means an industry activity that assures manufactured products, individual components, and multi-component systems are suitable for the predetermined purpose. Inspection and testing are the operating parts of quality control, which is the most critical factor for the survival of any manufacturing company.

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TIC Market for Automotive Industry

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  1. Global TIC Market for Automotive Industry

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global TIC Market for Automotive Industry The testing, inspection, and certification market in the automotive industry was USD 17 billion in 2020, registering a CAGR of 4.3% during the forecast period 2021-2027. Testing in TIC means an industry activity that assures manufactured products, individual components, and multi-component systems are suitable for the predetermined purpose. Inspection and testing are the operating parts of quality control, which is the most critical factor for the survival of any manufacturing company. Quality control directly supports other factors such as cost, productivity, on-time delivery, and market share. The testing, inspection, and certification market report is composed of conformity assessment agencies, which provide services from audit and inspection to testing, verification, quality assurance, and certification.

  4. Global TIC Market for Automotive Industry The rising demand for high quality and safety such as anti-skid braking systems, electronic brake-force distribution (EBD), airbags, and emission control systems, such as catalytic converters using turbochargers, and exhaust gas recirculation (EGR) systems, etc. are the key drivers for the growth of the TIC market in the automotive industry. Moreover, the automotive industry is required to meet the mandated specific norms and have to comply with national and international safety regulations and standards, rising automobile production in developing economies, rising inclination of outsourcing testing, inspection, and certification services, mounting adoption of automotive electronics to offer passenger and vehicle safety, growing instances of vehicle recalls due to component failures are the factors attributed to the growth of TIC market in the automotive industry. The shift in trend towards digital inspection rather than physical vehicle inspection and predictive maintenance is anticipated to propel the growth of the global automotive TIC market during the forecast period 2021-2027.

  5. Global TIC Market for Automotive Industry Bureau Veritas has launched a complete portfolio of services on Electric Vehicle Charging Stations (EVCS) which covers the full lifecycle—from design, construction, and commissioning to operations. Applus+ Automotive division in the US won 4 contract extensions for statutory vehicle inspections. These contracts are reinforcing Applus+ as a strong player in the US market, proving its commitment to providing governments, manufacturers, and traders with the best solutions in improving vehicle safety and reducing harmful vehicle emissions. Some of the key players operating in the TIC market in the automotive industry: Intertek Group plc, Bureau Veritas, UL LLC, SGS SA, Eurofins Scientific, TUV Rheinland, Lloyd Register Group Limited, DEKRA SE, Applus+, and DNV GL.

  6. For Sample Report :- https://www.vynzresearch.com/semiconductor-electronics/tic-market-for-automotive-industry/request-sample www.vynzresearch.com

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