Automotive TIC Services Market CAGR of 4.8% in the Forecast Period 2021-2027

Astute Analytica’s recently published report on the global Automotive TIC Services Market offers the latest data and determines growth prospects and challenges. A tool for evaluating the potential for new goods and services is the constraints and opportunity analysis. This aids businesses in locating and forecasting market opportunities. 

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The study also contains a compilation of qualitative and quantitative evaluations made by subject-matter experts in their fields as well as representatives from various industries found all along the supply chain. 

The Automotive TIC services market is currently valued to be around US$ 17.2 billion industry and is expected to grow at an approx. CAGR of 4.8% in the forecast period 2021-2027.  The paper discusses further findings that researchers made based on the comprehensive data and also offers information on the state of the market. The paper discusses kinds and applications based on various nations and important locations. The market’s most active companies are described in detail with regard to attributes like corporate portfolio, business strategy, financial overview, recent developments, and industry share. 

Leading Companies 

The major players in the market are Applus Services S.A., Bureau Veritas, Dekra Se, Element Materials Technology, Eurofins Scientific, Lloyd’s Register Group Limited, Intertek Group PLC, TÜV NORD Group, TUV Rheinland AG Group and TUV SUD SGS among others.

We continuously monitor the direct impact COVID-19 (Update Omicron mutations study) has on the market, in addition to the indirect influence of related industries. The report will contain the observations. 

The geographical regions are divided into several major categories for production, consumption, revenue (in US dollars), and market share in this analysis. We’ll discuss the predicted growth of the market in this region between 2021 and 2031. 

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Segmentation Overview 

Segmentation Automotive TIC Services Market

The Global Automotive TIC Services market has been segmented based on service type, source type, application, supply chain services and region. These major segments are further categorized into sub-segments to study the market in detail.

By Service Type:

  • Testing Service
  • Inspection Service
  • Certification Service

By Source:

  • In-house
  • Outsource

By Application:

  • Advanced Driver Assistance Systems (ADAS) Testing
  • Electrical and Electronics Market
  • Electric Vehicles and Battery Systems
  • Fuels, Fluids, and Lubricants
  • Homologation Testing
  • Interior and Exterior Material Components
  • Telematics
  • OEM Testing
  • Vehicle Inspection Services
  • Others

By Supply Chain Services:

  • Design
  • Production
  • Distribution
  • Selling
  • Operation

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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