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Increasing Growth of TIC Services in the Automotive Industry

The growth of the automotive TIC market can be attributed to the increasing automobile production in emerging economies, growing inclination toward outsourcing TIC services, rising focus of governments to impose strict regulatory standards on the automotive industry, surging adoption of automotive electronics to maintain passenger and vehicle safety, augmenting awareness among consumers regarding product quality and safety, and increasing instances of vehicle recalls due to component failures. The market penetration of the automotive TIC market is also analyzed for both pre-and post-COVID-19 s

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Increasing Growth of TIC Services in the Automotive Industry

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  1. Automotive TIC Market by Technology, Size, Demands, and Key Players, 2025

  2. Scope of The Report Research report categorizes the Automotive TIC Market based on Services, Application, Geography and Region. • By Services • Testing • Inspection • Certification • By Application • Vehicle Inspection • Electrical & Components And More…

  3. Key Segments The global automotive TIC market is expected to grow from USD 16.5 billion in 2020 to USD 20.4 billion by 2025; it is expected to grow at a CAGR of 4.3%. 1 The growth of this market can be attributed to the increasing automobile production in emerging economies, growing inclination toward outsourcing TIC services, rising focus of governments to impose strict regulatory standards on the automotive industry, surging adoption of automotive electronics. 2 3 Browse 182 market data Tables and 35 Figures spread through 220 Pages and in-depth TOC on "Automotive TIC Market - Global Forecast to 2025" Vehicle inspection services to account for largest size of automotive inspection market, by application, during forecast period In-house automotive TIC service market for electric vehicles, hybrid electric vehicles, and battery systems is expected to grow at highest CAGR during forecast period US held the largest share of North American automotive TIC market 4 5

  4. Automotive TIC Market Growth Rate 2025 2020 CAGR of 4.3%  Market Size of $ 16.5 billion Market Size of $ 20.4 billion

  5. Key Vendors Vendors • DEKRA SE (DEKRA) (Germany) • TÜV SÜD Group (TÜV SÜD) (Germany) • Applus Services S.A. (Applus+) (Spain) • SGS Group (SGS) (Switzerland) • TÜV Nord Group (TÜV Nord) (Germany) View Report Here - https://www.marketsandmarkets.com/Market-Reports/automotive-tic-market-175873215.html

  6. Top Region.. • North America • Europe • APAC • RoW View Report Here - https://www.marketsandmarkets.com/Market-Reports/automotive-tic-market-175873215.html

  7. Frequently Asked Questions (FAQ) in Our Report • Where service type drive the automotive TIC market during the forecast period? • Which application is hold the largest market share of automotive TIC market during the forecast period? • Which are the major strategies adopted by leading companies in the automotive TIC market? • What are the key trends prevalent in the automotive TIC market? • How will COVID-19 impact on the automotive TIC market?

  8. MarketsandMarkets’ Value Proposition How are we different? • Most-detailed market segmentation in industry • In-depth analysis of patents & profiles of key market players providing a competitive landscape • Market data for segments such as technologies, services & applications across geographies • High level analysis of major market segments and identification of opportunities

  9. MarketsandMarkets’ Delivery Model Here's how we can help you... • Research coverage can be a wide range in varied or niche categories in the published data or custom-made as per client's projects • Assess New Product Development from inception to launch • Optimize investments in established brands and recommend new approaches in global territories • Discover potential in new geographical markets and analyze how to successfully expand into them • Analyze the Challenges, Opportunities, Market structures, Drivers and Competitive Landscape

  10. MarketsandMarkets’ Our Expertise Our Expertise • Compelling Business cases Market size Estimations • Company & Market Best Practices • Entry or Go-To-Market strategies • Market Dynamics, Positioning and Segmentations • Competitive Landscaping and Benchmarking • Opportunity Analysis • Economic Forecasting • Industry-specific Technology solutions • Roadmap Analysis

  11. Stay in touch Our Report Covers – Market Scenarios, Vendor landscape & Industry Road Maps. Get Free 10% Customization in this report sales@marketsandmarkets.com Or you can visit us: https://www.marketsandmarkets.com/ USA address MarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Corporate Headquarters MarketsandMarkets™ Research Private Ltd. Tower B5, office 101,Magarpatta SEZ,Hadapsar, Pune-411013, India+1-888-600-6441

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