Automotive Testing Market - Top 10 Leading player, Emerging Trends, Region By Forecast To 2030


Posted December 26, 2023 by DataMiintelligence

Accelerate innovation and ensure peak performance in the automotive industry with insights from the cutting-edge automotive testing market

 
Automotive Testing Market Size
Report on Global Automotive Testing Market reached USD million in 2022 and is projected to witness lucrative growth by reaching up to USD million by 2030. The market is growing at a CAGR of 4.2% during the forecast period (2023-2030).

Automotive testing involves putting complete vehicles, components and systems through various laboratory, virtual and real-world tests to ensure safety, reliability and compliance with safety laws.
Based on vertical, the passenger car segment is estimated to be the largest market for automotive testing in the forecast period. The segmental growth is due to rising customer purchasing power and demand for passenger automobiles in India. The sale volume of passenger vehicles far outstrips commercial vehicles and hence, it is leading in the segmentation.

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Automotive Testing Market Trends
The increasing utilization of electronic components in vehicle
Road accidents in India are a serious issue. India accounts for the largest road accident fatalities globally. According to the latest available data from the Ministry of Road Transport and Highways (MoRTH), more than 4.5 lakh road accidents occurred in 2019, causing more than 1.5 lakh fatalities.

Automotive Testing Market Segment Analysis
The global automotive testing market is segmented based on type, product, vertical and region.
The rising importance of vehicles to servive in harsh environmental conditions
Environmental Testing in automotive testing is expected to hold a signifcant market share at the global level. Environmental testing simulates the various climatic conditions and mechanical stresses that products are subjected to throughout their lives. Environmental testing will reveal flaws in a product's design or performance that could occur in service, especially at extreme temperatures.

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Key Players:-
The major global players include SGS SA, Intertek Group Plc, Robert Bosch Gmbh, Anritsu, Siemens AG, D&V Electronics, TÜV RHEINLAND, Dekra, UL Solutions, Rohde & Schwarz GmbH & Co KG, Element and AVL List GmbH.

Key Developments
• On February 4, 2019, SGS SA expanded and enhanced its automotive testing services by initiating airbag testing in its laboratory located in Gurgaon, India. The respective facility is accredited by National Accreditation Board for Testing and Calibration Laboratories (NABL) for ISO/IEC 17025 compliance.
• On May 27, 2021, Automotive Test Systems inaugurated a new testing facility for electric vehicles in Bangalore, India. The new facility would offer various tests for e-axle, electric motors and EV batteries, important components of electric vehicles.
• On September 14, 2020, DEKRA, a multinational automobile testing company based in Germany, has purchased Movon Corporation, a South Korean testing lab. To expand its vehicle testing network, the company intends to utilize Movon Corporation's electromagnetic compatibility (EMC) and radiofrequency (RF) testing laboratories.

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Issued By lokesh saini
Country India
Categories Automotive , Energy
Tags automotive testing market , datam intelligence , market report , market size , market share , market forecast , market trends
Last Updated December 26, 2023