PUBLISHER: DataM Intelligence | PRODUCT CODE: 1255853
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1255853
The global automotive testing market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of XX% during the forecast period (2023-2030).
The automotive testing industry in India is dynamic and competitive, with numerous local and global firms driving the market's growth. The top five corporations control 39.46% of the respective market's share. SGS SA, URS Products and Testing Pvt. Limited, Intertek, The Automotive Research Association of India (ARAI) and Automotive Test Systems are key players in the market
To gain a competitive advantage, the major players are implementing various innovative strategies. The expansion of the Indian automotive testing market is attributed to the adoption of new production techniques, acquisitions and collaborations by key market players.
Manufacturers of light commercial vehicles (LCV) and medium commercial vehicles (MCV) around Europe seek to enhance safety features. Due to the escalating constraints from governmental and environmental authorities, the scope for automobile testing is anticipated to become a typical feature in LCVs and MCVs.
The demand for and uptake of automotive testing services in Germany is anticipated to rise along with increased automotive production and innovations like electrified and driverless vehicles. For instance, according to the IEA, Germany continued to be the leading European market in EVs sold in 2021, with electric vehicles making up 25% of all new cars sold.
Additionally, the independent testing institution (ISP) opened its brand-new EV battery testing facility in Salzbergen, northwest Germany, in March 2021. The facility is planned to provide complete testing services for an EV battery.
For instance, a modern independent test facility for electrical vehicle drive batteries was inaugurated by JTUV Rheinland in June 2022 at the Dutch-German Avantis business park. The laboratory is one of the biggest of its kind, covering an area of over 2,200 square meters.
Rising safety concerns and awareness of car testing and standards are some of the key issues. For example, a significant drawback of electric vehicles is their propensity to catch fire due to overheating the powertrain components, a big source of worry for owners.
Over the years, the electric vehicle catching fire has also resulted in severe harm, including the destruction of property and casualties among civilians. For instance, in France in 2019, there were numerous automobile fires and more than a billion losses of directed property.
The Ford business issued a recall for one of its plug-in hybrid Kuga electric vehicle models in UK after discovering that, in some cases, defective batteries had overheated while charging and caught fire. As a result, electric car manufacturers in the European region are becoming more interested in automotive testing services for electric vehicles.
For instance, Tesla spent a lot of time and money on R&D and its testing standards to improve its brand image among customers after three widely publicized vehicle fires caused a wave of negative press.
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
The global automotive testing market is segmented based on type, product, vertical and region.
System Testing in the automotive testing market are expected to hold a significant global market share. Automotive Test Systems will introduce its new PFM30 fuel flowmeter and turnkey solution for ADAS validation, including test track control, GST, robots, pedestrian targets & static targets, synchronization software and VIL. In addition, the company will show off its new calibration lab, which includes calibrators for accelerometers, load cells, steering robots, fuel flow meters, data loggers and speed sensors. Automotive Test Systems will open a new component testing lab and an ADAS lab as part of its testing services.
Wheel systems, braking systems, steering systems and propulsion systems are examples of automotive systems. The operation and condition of the tires, suspension unit, shock absorber, wheel bearing and wheel alignment are all examined to ensure that the vehicle's stability is not jeopardized.
The steering system influences the vehicle's directional stability. During the inspection, excessive free play in joints and linkages is checked.
The Asia-Pacific market would expand and this industry's development would be sped up by increasing urbanization and the creation of smart cities. Consumer spending has increased, driving the region's desire for automobiles.
Due to ongoing advances in security measures and technical advancements, Asia-Pacific is home to significant suppliers of automotive test equipment. Furthermore, many OEMs have either formed themselves or collaborated with domestic automakers due to low manufacturing costs and the accessibility of cheap labor.
An increase in consumer purchasing power is fueling the demand for cars in the area. Some OEMs have also created their production facilities or partnered with domestic automakers as a result of the low cost of production.
Most providers for the automotive testing market are based in Asia-Pacific, which is expected to grow at the fastest rate in the next years due to ongoing improvements in safety systems and technology.
Furthermore, as players employ different tactics for their expansion, the region can anticipate an increase in demand for automotive testing. For instance, to build a battery testing facility in Bangkok, TUV SUD collaborated with Thailand's Ministry of Industry and Thailand Automotive Institute (TAI) in April 2019.
Additionally, several helpful government initiatives in these regions to restore the automobile industry, which felt the heat of COVID-19, are anticipated to accelerate market expansion.
The major global players in the market include: SGS SA, Intertek Group Plc, Robert Bosch Gmbh, Anritsu, Siemens AG, D&V Electronics, TUV RHEINLAND, Dekra, UL Solutions, Rohde & Schwarz GmbH & Co KG, Element and AVL List GmbH.
The global automotive testing market report would provide approximately 93 tables, 80 figures and 212 Pages.
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