Market Overview:
As per the latest research report published by DataM Intelligence, the global “Indian Automotive TIC (testing, inspection, certification) Market” was valued at US$ 845.17 million in 2022 and is projected to reach US$ 3,638.78 million by 2030. The market is growing at a tremendous CAGR of 23.6% during the forecast period (2023-2030).

The industry that offers testing, inspection, and certification services for automobiles in India is the Indian automotive TIC market. The related market is a crucial component of India's automobile industry, which is one of the world's largest. The TIC services must ensure compliance with government rules, safety norms, and vehicle quality criteria.

The Indian government has imposed strict rules on the automobile sector, which has raised demand for TIC services. Domestic and foreign businesses offer various services in the Indian automotive TIC sector, including emission testing, safety testing, vehicle inspection, and certification. With rising vehicle demand in India and the necessity for regulatory compliance, the Indian automotive TIC market and Indian automotive TIC market shares will likely grow in the coming years.

For More Insights: https://www.datamintelligence.com/download-sample/indian-automotive-testing-inspection-certification-market

Market Drivers:
The utilization of electronic systems is expanding in the automobile industry.
Testing is a process that ensures that produced items and component systems are appropriate for their intended purpose. Testing is performed before, during, and after manufacture to ensure product quality. The growing use of electronic vehicle devices has boosted the demand for testing services. Electronic systems require extra care when testing to function correctly regularly.

For instance, the rising usage of telematics control units (TCU), infotainment, and other electronic components, such as on-board diagnostics (OBD), electronic control units (ECU), and anti-lock braking systems, is expected to capture around two-thirds of the Indian automotive electronics market (ABS). As a result, the increasing usage of electronic systems in the automobile sector provides prospects for the Indian automotive TIC (testing, inspection, certification) business. It increases market shares, particularly in the Indian testing market.

Market Opportunities:
The increasing usage of personal care and cleaning products creates lucrative opportunities.
The testing, inspection, and certification (TIC) industry for automobiles in India is highly concentrated among a select group of important public and private businesses. The few public testing firms, including the Global Centre of Automotive Technology (iCAT), Vehicle Research & Development Establishment (VRDE), and Automotive Research Association of India (ARAI), are chronically underfunded and lack the most cutting-edge high-tech tools required to keep up with the industry's changing trends.

Market Restraints:
Private-sector testing organizations in sophisticated automobile markets like the United States and Germany do not do high-value research and development. In India, the value addition of R&D to automobile testing is relatively low, even for such a large automotive market. As a result, a lack of R&D facilities for automotive testing limits India's TIC (testing, inspection, certification) market share.

Segmentation Analysis:
The global Indian Automotive TIC (testing, inspection, certification) Market is segmented by type, product and, vertical. By type it further classified into Autonomous and Connected Vehicles, Automotive Fluids, Electrical Components and Electronics, Electro Mobility / Electric Vehicles, Materials and Components - Composites, Plastics and Metals, Engine and Gears, Environmental Testing, System Testing, Others. By product Engine Dynamo Meter, Wheel Alignment Tester, Chassis Dynamo Meter, Vehicle Emission Tester, Transmission Dynamometer, Fuel Injection Pump Tester, Advanced Battery Analyzer, Durability Tester, Endurance Tester, Flammability Tester, Gas Analyzer, Impact Or Crush Testers, Torsional Fatigue Tester, Vibration Tester, Others. By vertical Passenger Vehicle, Commercial Vehicle.

Read Full Report: https://www.datamintelligence.com/research-report/indian-automotive-testing-inspection-certification-market

Type Based Market Insights:
In 2023, autonomous and connected vehicles have a 4.85% market share of the type category in India's automotive TIC (testing, inspection, certification) industry and were valued at roughly US$ 49.687. Vehicle intelligence and networking are critical components of a new global transportation solution. It is fast evolving to build highly automated and even partially autonomous vehicles for road use.
Furthermore, autonomous and connected vehicles will provide enormous future social, industrial, economic, and environmental benefits. Significant expenditures in research and development are being made worldwide to ensure that these solutions are brought to market as quickly as possible.

Competitive Landscape:
Some of the prominent companies contributing to the Indian Automotive TIC market growth include SGS SA, Automotive Test Systems, The Automotive Research Association of India (ARAI), URS Products and Testing Pvt. Limited, iCAT, TÜV Rheinland, Embitel, Sigma Test & Research Centre, AVL List GmbH and DEKRA.

Covid-19 Impact analysis:
The COVID-19 pandemic has had a significant impact on the Indian Automotive TIC market. The market witnessed a decline in demand due to the pandemic-induced lockdowns and the consequent drop in economic activity. The restrictions on movement and the closure of production facilities have led to a decrease in the demand for testing, inspection, and certification services.
The automotive industry is one of the largest consumers of TIC services, and the pandemic has hit this sector particularly hard. As a result, the demand for TIC services in the automotive industry has also declined significantly. The decline in demand has been further exacerbated by the supply chain disruptions and the shortage of raw materials.

Key Developments:
• Automotive Test Systems inaugurated a new testing facility for electric vehicles in Bangalore, India, on May 27, 2021. The new laboratory would perform numerous testing on e-axles, electric motors, and EV batteries, all of which are critical components of electric vehicles.
• Omega Seiki Mobility (OSM), an electric car manufacturer, announced a collaboration with the Indira Gandhi Delhi Technical University for Women (IGDTUW) to construct a center of excellence and an R&D (research and development) center in India by December 30, 2021. A memorandum of agreement (MoU) has been signed by the two partners. The partnership will focus on developing and constructing a cutting-edge testing facility and equipment and EV battery charging. Furthermore, OSM will work with IGDTUW students on automotive component design, testing, product development, prototyping, manufacturing, and full vehicle development for EVs, battery packs, and telematics.

Additional Benefits Post Purchase:
1) Unlimited Analyst support for a period of 1 year.
2) Any query with regard to the scope offered will be addressed within 24- 48 hours.
3) An Excel sheet with market numbers will be provided separately.

The Full Report has the below insights:
• The report offers a comprehensive evaluation of the market in terms of market value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2021-2022) and verifiable projections about market size during the forecast period (2023-2030).
• Visualize the composition of the global Indian automotive TIC market segmentation by type, product, vertical, highlighting the key commercial assets and players.
o By Type: Autonomous and Connected Vehicles, Automotive Fluids, Electrical Components and Electronics, Electro Mobility / Electric Vehicles, Materials and Components - Composites, Plastics and Metals, Engine and Gears, Environmental Testing, System Testing, Others
o By Product: Engine Dynamo Meter, Wheel Alignment Tester, Chassis Dynamo Meter, Vehicle Emission Tester, Transmission Dynamometer, Fuel Injection Pump Tester, Advanced Battery Analyzer, Durability Tester, Endurance Tester, Flammability Tester, Gas Analyzer, Impact Or Crush Testers, Torsional Fatigue Tester, Vibration Tester, Others
o By Vertical: Passenger Vehicle, Commercial Vehicle.
• Identify commercial opportunities in the global Indian automotive TIC market by analyzing trends and co-development deals.
• The report also covers data insights on various industry forces such as Porter's five forces analysis, supply chain analysis, pricing analysis, regulatory analysis.
• Excel data sheet with thousands of data points of global Indian automotive TIC market -level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in Excel for the key product of all major market players
• The report will provide access to approximately 61 market data tables, 64 figures and close to 180 pages.

About DataM Intelligence:
DataM Intelligence 4Market Research is a market intelligence platform that gives access to syndicated, customized reports and consulting to its clients in one place. As a firm with rich experience in research and consulting across multiple domains, we are a one-stop solution that will cater to the needs of clients in key business areas. With coverage across 10 major industries in the marketplace research, DataM Intelligence benefits thousands of companies by helping them take their innovations early to the market by providing a complete view of the market with statistical forecasts. Our strategy-centric framework and value-added services will let individuals and corporates ease access and custom personalization to research and markets.