Global TIC Market for Marine Industry – Analysis and Forecast (2025-2030)


Posted January 26, 2025 by researchindustry79

The growth of the market is being driven by the increasing demand for safe and reliable marine transportation, the growing adoption of connected devices and cloud-based technology.

 
Testing in TIC means an industry activity that assures manufactured products, individual components, and multi-component systems which are suitable for the predetermined purpose.

The demand for Testing, Inspection, and Certification (TIC) services in the marine industry is growing due to the increasing implementation of government regulations and industry standards, the imposition of certification requirements and substantial penalties for non-compliance. The TIC market for marine is characterized by various industry trends such as growing investment in AR and VR, cloud-based technology and mounting adoption of connected devices.

The marine industry operates in the four main areas namely commercial, naval, leisure, and offshore renewable energy. Owing to globalization, growth of the TIC market for marine industry has led to product standardization norms and has penetrated developed technologies across various industries such as marine, building & construction, automotive and electronics, industries.

The Global TIC Market for Marine Industry is Expected to Reach USD 12.6 Billion by 2030
The global TIC market for marine industry is projected to grow at a CAGR of 4% from 2025 to 2030. The growth of the market is being driven by the increasing demand for safe and reliable marine transportation, the growing adoption of connected devices and cloud-based technology, and the rising focus on environmental compliance.

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Key Drivers of Market Growth
Increasing demand for safe and reliable marine transportation
Growing adoption of connected devices and cloud-based technology
Rising focus on environmental compliance
Expansion of the global shipping industry
Increasing government regulations

Key Trends in the Market
Growing investment in AR and VR
Mounting adoption of connected devices and cloud-based technology
Digital sensoring
Increasing mergers and acquisitions by the industry players
Sustained consolidation of suppliers leading to globalization

Segmentation of the Market
The global TIC market for marine is segmented by type, application, and region.
By type, the market is segmented into testing, inspection, and certification.
By application, the market is segmented into ships, offshore structures, and ports.
By region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Key Players in the Market
The key players in the global TIC market for marine include SGS S.A., Bureau Veritas, Intertek Group plc, Eurofins Scientific, DEKRA SE, TUV SUD, DNV GL, Lloyd's Register, and China Classification Society.

The Future of the Market
The global TIC market for marine industry is expected to continue to grow in the coming years. The growth of the market will be driven by the increasing demand for safe and reliable marine transportation, the growing adoption of connected devices and cloud-based technology, and the rising focus on environmental compliance.

Conclusion
The global TIC market for marine is a large and growing market. The market is expected to continue to grow in the coming years, driven by the increasing demand for safe and reliable marine transportation, the growing adoption of connected devices and cloud-based technology, and the rising focus on environmental compliance.
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Issued By VynZ Research
Country United States
Categories Business , Industry
Tags tic market for marine industry , tic market for marine industry report
Last Updated January 26, 2025