Automotive TIC Market by Service Type, Sourcing Type, Application and Geography – Global Forecast to 2023 –

The “Automotive
TIC Market by Service Type, Sourcing Type, Application and Geography –
Global Forecast to 2023” report has been added to’s

The automotive TIC market is expected to grow from USD 19.51 billion in
2018 to USD 27.66 billion by 2023, at a CAGR of 7.23% from 2018 to 2023.

In the automotive TIC ecosystem, certification services validate the
test and inspection results against a range of pre-specified standards
set by governments, international standardization institutions, or

In the current scenario, certification services are widely used by
manufacturers to demonstrate that their products adhere to
government/regulatory mandates, as well as to improve the marketability
of their offerings. The market for certification services is likely to
grow at a higher CAGR owing to the increasing concentration of the
third-party service providers in this market.

The share of in-house automotive TIC market will be more in comparison
with the outsourced type during the forecast period. A company must
invest in necessary in-house infrastructure in terms of technology, test
and measurement equipment, and skilled personal/experts to perform
automotive TIC activities in their manufacturing facilities. In the
automotive application, in-house testing for ECUs and other core
components is done by automotive manufacturers at their manufacturing

In the current scenario, the automotive TIC market is primarily governed
by in-house players owing to critical quality concerns and company
norms. Most of the tier I and II automotive companies are equipped with
in-house setup owing to their large production base. These companies are
financially strong and are capable of performing TIC activates.

Market Dynamics





Companies Profiled

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