Testing, Inspection, and Certification (TIC) services for electric vehicles are essential for raising the production standards and quality of these vehicles, as well as for guaranteeing that they comply with local laws and regulations. The purpose of these services is to guarantee the security of users, tools, buildings, and the environment. As a result, governments across the globe have prioritized enforcing strict regulatory standards for the testing of electric vehicles. Both in established and emerging countries, the automobile sector is seeing a growing trend toward digitalization and an increase in the manufacturing of electric vehicles.
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At the core of our study is a comprehensive analysis of the market ecosystem for the Electric Vehicle TIC (Testing, Inspection and Certification) market. We study the functions and interdependencies of various market stakeholders, employing trusted methodologies such as SWOT Analysis, Porter's Five Forces Analysis, and Price Trend Analysis. Through meticulous segmentation analysis and extensive geographical coverage, we offer a deep understanding of regional trends.
Top Key Players of Electric Vehicle TIC (Testing, Inspection and Certification) Market:
DEKRA SE (DEKRA) (Germany) TÜV SÜD Group (Germany) Applus Services S.A. (Applus+) (Spain) SGS Group (Switzerland) Bureau Veritas S.A.(France) Intertek Group PLC (Intertek) (UK) Eurofins Scientific (Luxembourg) Element Materials Technology (UK) Lloyd’s Register Group Limited(UK) MISTRAS Group Inc. (US) UL LLC (US) DNV GL Group AS (Norway) British Standards Institution (BSI) (UK) RINA S.p.A (Italy) Norges Elektriske Materiellkontroll (Norway) NSF International (US) EQS - Engineering,Quality and Safety (Portugal)
Electric Vehicle TIC (Testing, Inspection and Certification) Market Segmentation:
By Service Type
- Testing
- Inspection
- Certification
By Application
- Safety and Security
- Connectors
- Communication
- EV Charging
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Market Drivers:
The market for biometric vehicle access is anticipated to increase in the future due to the rising number of auto theft incidents. The unlawful taking of another person's vehicle without that person's knowledge or permission is known as car theft. car theft can be effectively discouraged by using biometric car access, which offers a highly personalized and secure means of vehicle entry. For example, in March 2023, the US-based non-profit National Insurance Crime Bureau, which fights insurance fraud and theft, reported that the number of vehicles stolen nationwide each month surpassed 75,000. In 2022, there were over 1 million vehicles stolen, a 7% increase from 2021. Consequently, the market for biometric vehicle access is driven by the rising incidence of auto theft.
Conclusion:
The Electric Vehicle Testing, Inspection, and Certification (TIC) market play a crucial role in ensuring the safety, compliance, and performance of electric vehicles (EVs). As the automotive industry undergoes a significant transformation towards electrification, the demand for TIC services has seen substantial growth.
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