Technology News & Trends

Transparency Market Research have recently published a new research report that gives details about the global testing, inspection, and certification (TIC) market. As per the research report, the testing, inspection, and certification market stood at an initial valuation of US$184,545.5 mn in 2016. This figure is expected to reach around US$299,628.6 mn by the fall of 2026. Such eye-catching growth of the global market is expected to be achieved with a strong CAGR of 5.8% over the course of the given forecast period of 2017 to 2025. The global testing, inspection, and certification market has a highly fragmented but intensely competed vendor landscape. Such characteristic vendor landscape is because of the presence of large number of companies operating in the market. Many leading companies in the testing, inspection, and certification market are adopting aggressive business strategies such as takeovers and mergers to bolster their product portfolio. In addition to this, new pl...

The global automotive, testing, inspection, and certification market features a highly fragmented vendor landscape, states Transparency Market Research (TMR) in a new publication. Mergers and acquisitions is a key growth strategy adopted by large players in this market. This is serving to consolidate the business landscape, and increase the market share of large players. Some of the key companies operating in the global automotive, testing, and certification market are Bureau Veritas, Intertek Group, DNV GL, Applus+, TUV NORD GROUP, SGS SA, DEKRA, TUV SD, TUV Rheinland, and MISTRAS Group Inc. According to the TMR report, the global automotive, testing, inspection, and certification market is likely to exhibit a CAGR of 11.11% between 2017 and 2025, for the market to be valued at US$24.8 bn in 2025. The market was valued at US$9.7bn in 2016. The global automotive testing, inspection, and certification market is being benefitted from a number of favorable factors. Surge i...