Testing in TIC is a process that ensures components, products, and systems to meet their intended purpose. Inspection and testing are the operating parts of quality control, which is the most critical factor for the survival of any manufacturing company. Quality control directly supports other factors such as productivity, cost, on-time delivery, and market share.

Rail is one of the important transport solutions due to pollution and urbanization. Globalization has led to product standardization norms and has penetrated various technologies across many industries that has resulted in the growth of the TIC market during the forecast period 2025-2030. The rail project is complex which has to meet rigorous complex standards.

Rapid urbanization, mandatory safety regulations, advancement in networking and communication technology, the inclination of outsourcing testing, inspection, and certification services has propelled the growth of the TIC market in railway industry. TIC provides a number of advantages related to its credibility and image, compliance with legal and regulatory requirements, less turnover of employees, high level of cost control improvement, and fast improvement of different processes. Also, the railway industry needs TIC to optimize the cost of the asset, minimize the downtime throughout the lifecycle, and have access to new rail projects.
The Global TIC Market for Railway Industry is Expected to Grow at a CAGR of 2.6% by 2030.

The global TIC market for the railway industry is expected to grow at a CAGR of 2.6% during the forecast period 2023-2030. The growth of the market is attributed to factors such as increasing demand for safe and reliable rail transport, growing urbanization, and rising adoption of advanced technologies in the railway industry.

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Key Trends in the Global TIC Market for Railway Industry
Increasing demand for safe and reliable rail transport: The global railway industry is witnessing significant growth due to the increasing demand for safe and reliable rail transport. This is being driven by factors such as rising urbanization, growing environmental concerns, and increasing government support for the development of the railway sector.

Growing urbanization: The global population is increasingly urbanizing, which is leading to an increase in the demand for rail transport. This is because rail transport is a more efficient and environmentally friendly mode of transportation than road transport.

Rising adoption of advanced technologies: The railway industry is adopting advanced technologies such as drones, smart sensors, and digital communication platforms. This is helping to improve the efficiency and safety of rail transport.

Opportunities in the Global TIC Market for Railway Industry
New industry rail trends: The global railway industry is witnessing the emergence of new trends such as rolling stock hybridization and high-speed rail. These trends are expected to create new opportunities for the growth of the TIC market in the railway industry.

Growing demand for biometric information, AI, and cloud computing: Rail companies are working to provide various solutions that offer biometric information, AI, and cloud computing. This is expected to create new opportunities for the growth of the TIC market in the railway industry.

Challenges in the Global TIC Market for Railway Industry
COVID-19 pandemic: The COVID-19 pandemic has had a significant impact on the global railway industry. This has led to a decline in passenger traffic and freight movement. This has in turn impacted the demand for TIC services in the railway industry.

Stringent government regulations: The railway industry is subject to stringent government regulations. This can pose a challenge for the growth of the TIC market in the railway industry.

Companies Mentioned in the Report
SGS S.A.
Bureau Veritas
Intertek Group plc
Eurofins Scientific
DEKRA SE
TUV NORD Group
ALS Limited
DNV GL
Bureau Veritas SA

Conclusion
The global TIC market for railway industry is expected to grow at a CAGR of 2.6% during the forecast period 2023-2030. The growth of the market is attributed to factors such as increasing demand for safe and reliable rail transport, growing urbanization, and rising adoption of advanced technologies in the railway industry. However, the COVID-19 pandemic and stringent government regulations pose challenges for the growth of the market.