Latest Market Research Reports

   Testing Inspection And Certification Market Summary The global  testing, inspection, and certification (TIC) market  was valued at USD 399.39 billion in 2024 and is projected to reach USD 499.00 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.6% from 2025 to 2030. The market's growth is primarily fueled by the enforcement of stringent regulatory and compliance standards, increasing emphasis on product quality and safety, rising global trade activities, and technological advancements that improve the efficiency and scope of TIC services. Governments and regulatory authorities across the world mandate strict quality, safety, and environmental compliance, compelling businesses to implement comprehensive testing and certification protocols. Several sectors, including automotive, healthcare, construction, and energy, are increasingly subjected to evolving regulatory landscapes, which, in turn, stimulate the demand for TIC services. For example, in Oct...

  Testing Inspection And Certification Industry The global  testing, inspection, and certification market  size is anticipated to reach USD 499.0 billion by 2030, growing at a CAGR of 4.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The incremental deployment rates of testing, inspection, and certification (TIC) systems and solutions can be accredited to the rise in manufacturing activities worldwide. Furthermore, the onset of Industry 5.0 and the rise in connected systems further augments the need to deploy TIC-based technologies in tandem with manufacturing activities. The need to optimize manufacturing processes and end products has resulted in the manufacturing application segment capturing the highest growth rate of 6.4% over the forecast period. For instance, in January 2022, SGS, a Swiss international business that provides inspection, verification, testing, and certification services, has launched a new Vehicle Over the Air (OTA) perf...