Testing, Inspection, And Certification Market Growth & Trends

 

The global testing, inspection, and certification market size is anticipated to reach USD 499.0 billion by 2030, growing at a CAGR of 4.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The incremental deployment rates of testing, inspection, and certification (TIC) systems and solutions can be accredited to the rise in manufacturing activities worldwide. Furthermore, the onset of Industry 5.0 and the rise in connected systems further augments the need to deploy TIC-based technologies in tandem with manufacturing activities.

 

The need to optimize manufacturing processes and end products has resulted in the manufacturing application segment capturing the highest growth rate of 6.4% over the forecast period. For instance, in January 2022, SGS, a Swiss international business that provides inspection, verification, testing, and certification services, has launched a new Vehicle Over the Air (OTA) performance testing laboratory in Suzhou, China. The lab will assist automotive manufacturers in helping them test, validate, and comply with evolving wireless standards and regulations. It fully integrates beneficial resources in automobile, communication, electronics, and reliability testing to provide commercial customers with technical verification, quality improvement product certification, and technology development services.

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The integration of cloud technology with the TIC market is one of the significant market drivers. The need to access data instantly, automate certification, and issue reports on a real-time basis highlights the importance of storing essential TIC-related data in the cloud. Moreover, cybersecurity concerns such as increasing instances of cyberattack and data privacy threats further highlight the importance of a safe cloud architecture to safeguard data from people with malicious intent.

This is expected to help in general data regulation, security certifications, and software testing. For instance, in February 2022, Intertek Group plc, one of the prominent providers in connectivity testing and cybersecurity, established its Acucert, the first ISO/IEC certified cybersecurity testing lab in Mumbai, India. Acucert has significant expertise in IT system and software testing while meeting stringent quality control standards. Further opening a new testing lab would help them promote internationally and nationally.

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Testing, Inspection, And Certification Market Segmentation

Grand View Research has segmented the global testing, inspection, and certification market report based on service type, sourcing type, application, and region:

Testing, Inspection, And Certification Service Type Outlook (Revenue, USD Billion, 2017 - 2030)

  • Testing
  • Inspection
  • Certification

Testing, Inspection, And Certification Sourcing Type Outlook (Revenue, USD Billion, 2017 - 2030)

  • In-house
  • Outsourced

Testing, Inspection, And Certification Application Outlook (Revenue, USD Billion, 2017 - 2030)

  • Consumer Goods & Retail
  • Agriculture & Food
  • Chemicals
  • Infrastructure
  • Energy & Power
  • Education
  • Government
  • Manufacturing
  • Healthcare
  • Mining
  • Oil & Gas And Petroleum
  • Public Sector
  • Automotive
  • Aerospace & Defense
  • Supply Chain & Logistics
  • Others

List of Key Players of Testing, Inspection, And Certification (TIC) Market

  • ALS Limited
  • Applus+
  • Bureau Veritas SA
  • DEKRA SE
  • DNV GL
  • Element Materials Technology
  • Eurofins Scientific
  • Intertek Group plc
  • MISTRAS Group, Inc.
  • SGS SA
  • TÜV NORD GROUP
  • TÜV Rheinland
  • TÜV SÜD
  • UL LLC.

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About Us:

 Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.

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