The Testing Inspection and Certification (TIC) Market is projected to grow from USD 63.33 Billion in 2024 to USD 92.75 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.88% during the forecast period (2024 - 2032). Additionally, the market size for Testing Inspection and Certification (TIC) was valued at USD 59.9808 billion in 2023.
This growth is fueled by the rising demand for testing and certification services in the food and beverages, textile, and pharmaceutical industries are the key market drivers enhancing the market growth
Figure 1: Testing Inspection and Certification (TIC) Market Size, 2024-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Increasing trade in counterfeit & defective pharmaceutical products is driving the market growth
Counterfeit and pirated goods are rising worldwide, impacting consumer electronics, medical devices, oil & gas, and aerospace industries. Counterfeit pharmaceuticals, in particular, pose a significant threat, with counterfeiters exploiting high-profit margins, weak penalties, and consumers' vulnerability to deception. The availability of substandard drugs underscores the need for robust quality control processes, including testing, inspection, and certification. This factor drives the market CAGR.
Rapid technological advancements are also reshaping various industries, including healthcare and electric vehicles (EVs). In healthcare, wearable devices like smartwatches enable early prediction and treatment of health issues, while precision medicine allows personalized treatment based on individual characteristics. In the EV sector, testing and certification services are crucial in ensuring battery performance, safety, and charging system interoperability. Additionally, technologies like IoT, computer vision, and machine learning have driven the development of differentiated products and services, increasing the demand for testing, inspection, and certification across the value chain. Thus, driving the Testing Inspection and Certification (TIC) market revenue.
Based on Sourcing Type, the Testing Inspection and Certification (TIC) market segmentation include outsourcing in-house. The outsourcing segment dominated the market because outsourcing allows companies to access specialized expertise and resources that may not be available in-house. Organizations can benefit from their extensive knowledge and experience in conducting testing, inspection, and certification activities by partnering with external TIC providers. Secondly, outsourcing TIC services can help companies reduce costs and improve operational efficiency. Instead of investing in building and maintaining their own TIC infrastructure, outsourcing allows businesses to leverage the existing infrastructure of service providers, resulting in cost savings.
The Testing Inspection and Certification (TIC) market segmentation is based on service type and includes testing services, inspection services, and services of certification. The testing services segment dominated the market because testing is critical to ensuring product quality, safety, and compliance with regulatory standards. Companies across various industries rely on testing services to validate their products' performance, reliability, and safety. Testing services involve conducting rigorous tests and assessments to identify defects, weaknesses, or non-compliance issues.
Based on end-user type, the Testing Inspection and Certification (TIC) market segmentation includes oil and gas, automotive, textile, aerospace, petroleum, and food. The oil and gas sector is renowned for its intricate and hazardous operations. These services involve testing materials, inspecting equipment and infrastructure, and certifying adherence to industry standards, guaranteeing integrity and safety in the sector.
Based on application type, the Testing Inspection and Certification (TIC) market segmentation includes commercial and industrial. The commercial segment dominated the market because commercial entities, including businesses and organizations across various industries, require TIC services to ensure compliance with regulations, maintain quality standards, and mitigate risks. Commercial enterprises seek testing, inspection, and certification services for their products, facilities, and operations to meet industry-specific requirements, demonstrate compliance with regulatory frameworks, and enhance consumer trust.
Figure2: Testing Inspection and Certification (TIC) Market, by Application, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American Testing Inspection and Certification (TIC) market will dominate this market due to factors such as the presence of the electronic sector, increased trade, and growth in the software, defense, and aviation industry. In addition, the growing number of established health clubs and fitness facilities will boost the market growth in this Region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: TESTING INSPECTION AND CERTIFICATION (TIC) MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
EuropeTesting Inspection and Certification (TIC) market accounts for the second-largest market share due to the factors that contribute to the testing, inspection, and certification market are the presence of a high-tech automation division, extensive vehicle testing, and inspection services, automotive products availability, along the burgeoning automobile industry. Further, the GermanTesting Inspection and Certification (TIC) market witnessed the largest market share, and the UK Testing Inspection and Certification (TIC) market was the fastest-growing market in the European Region.
The Asia-Pacific Testing Inspection and Certification (TIC) Market is expected to grow fastest from 2023 to 2032. The growth of the Testing Inspection and Certification (TIC) market is fueled by rising demand for services and stringent government regulations to ensure health and security. Additionally, China dominates the TIC market with the largest market share, and the Indian Testing Inspection and Certification (TIC) market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Testing Inspection and Certification (TIC) market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Testing Inspection and Certification (TIC) industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Testing Inspection and Certification (TIC) industry to benefit clients and increase the market sector. The Testing Inspection and Certification (TIC) industry has offered some of the most significant advantages in recent years. Major players in the Testing Inspection and Certification (TIC) market, includingBureau Veritas SA (France), SGS Group (Switzerland), Dekra Certification GmbH (Germany), ALS Limited (Australia), Intertek Group plc (the U.K.) ASTM International (U.S.) SAI Limited (Australia) BSI Group (U.K.) UL LLC (U.S.) MISTRAS Group Inc. (U.S.)., and others are attempting to increase market demand by investing in research and development operations.
SGS is a company based in Geneva, Switzerland, specializing in inspection, verification, testing, and certification services. With a vast network of 97,000 employees and 2,650 offices and laboratories worldwide, SGS has established itself as a leader in its industry. It has been recognized by Forbes 2000 multiple times, including in 2015, 2016, 2017, 2020, and 2021. SGS has recently partnered with the Fairness, Integrity, Safety, And Health (FISH) Standard for Crew (US) to provide a credible third-party certification scheme for labor practices in the wild-capture fisheries sector. As part of this collaboration, SGS has awarded FISH certification to Phoenix Processors Limited Partnership (PPLP) for two of their processor's vessels, M/V Excellence and M/V Phoenix.
UL is a renowned safety science company headquartered in Northbrook, Illinois. It consists of three entities: UL Research Institutes, UL Standards & Engagement, and UL Solutions. One of the notable initiatives by UL Solutions is the SPIRE Qualification Program, designed to cater to the growing need for smart building assessment and verification. This program allows certified third-party assessors to conduct SPIRE Smart Building Assessments and tap into the expertise of UL Solutions' smart building specialists.
GBureau Veritas SA (France)
SGS Group (Switzerland)
Dekra Certification GmbH (Germany)
ALS Limited (Australia)
Intertek Group plc. (the U.K.)
ASTM International (U.S.)
SAI Limited (Australia)
BSI Group (U.K.)
UL LLC (U.S.)
MISTRAS Group, Inc. (U.S.)
January 2024:
UL Solutions, a global leader in applied safety science, today announced its first certification using a digital model of the product being tested, granted to technology company Siemens, a milestone that has potentially wide-ranging implications for product innovation and speed to market.
December 2023:
ALS finalized the acquisition of the ExplorTech Division from Earthlabs Inc, previously known as GoldSpot Discoveries Corp. This strategic move bolsters ALS's presence in the environmental testing and consulting domain. With ExplorTech's proficiency in geochemistry, metallurgy, and environmental analysis, ALS's current capabilities are enriched. This acquisition is anticipated to augment ALS's capacity to deliver holistic services to clientele across sectors including mining, energy, and environmental management.
December 2023:
ALS has acquired Algoritmos, bolstering its position as a prominent environmental services provider. With Algoritmos' extensive range of testing services and experienced staff, ALS enhances its capabilities to meet environmental regulatory requirements. This strategic acquisition aligns with ALS' commitment to diversification and advancement in the market, driving operational effectiveness and impact.
December 2023:Bureau Veritas announces the acquisition of Impactiva Group S.A., a renowned leader in quality assurance for the footwear and apparel industry. Impactiva, established in 2003, offers innovative solutions to optimize production quality across factories in Asia, Europe, and Africa. The acquisition signifies a significant move in enhancing quality assurance practices within the footwear and apparel industry, offering comprehensive support to clients worldwide.
September 2022:
SGS, a leading testing, inspection, and certification company, has acquired Penumbra Security, Inc. This acquisition expands SGS's cybersecurity capabilities and footprint in the US. Penumbra specializes in information security conformance testing for multinational companies. SGS aims to strengthen its position as a global leader in cybersecurity within the TIC industry.
Outsourcing
In-house
Testing services
Inspection services
Services of certification
Oil and gas
Automotive
Textile
Aerospace
Petroleum
Food
Commercial
Industrial
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Middle East
Africa
Latin America
| Attribute/Metric | Details |
| Market Size 2023 | USD 59.98 billion |
| Market Size 2024 | USD 63.33 billion |
| Market Size 2032 | USD 92.75 billion |
| Compound Annual Growth Rate (CAGR) | 4.88% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Sourcing Type, Service Type, End Users, Application, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Bureau Veritas SA (France) SGS Group (Switzerland) Dekra Certification GmbH (Germany) ALS Limited (Australia) Intertek Group plc (the U.K.) ASTM International (U.S.) |
| Key Market Opportunities | In addition, there are growing manufacturing units in emerging countries such as China, India, and Singapore. |
| Key Market Dynamics | Robust industry fundamentals and regulatory frameworks influence the growth of the TIC market in various end-user sectors. |
Testing Inspection Certification Market Highlights:
Frequently Asked Questions (FAQ) :
The Testing Inspection and Certification (TIC) market size was valued at USD 59.98 billion in 2023.
The market is anticipated to grow at a CAGR of 4.88% during the forecast period 2024-2032.
North America had the largest share of the market
The key players in the market are Bureau Veritas SA (France), SGS Group (Switzerland), Dekra Certification GmbH (Germany), ALS Limited (Australia), Intertek Group plc (the U.K.)
The OutsourcingTesting Inspection and Certification (TIC) category dominated the market in 2022.
The commercial had the largest share of the market.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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