Testing, Inspection, and Certification Market by Service Type, Sourcing Type (In-house, Outsourced), Application (Consumer Goods & Retail, Agriculture & Food, Industrial & Manufacturing, Medical & Life Sciences) and Region - Global Forecast to 2029
[605 Pages Report] The global testing, inspection, and certification (TIC) market is expected to reach USD 280.6 billion by 2029 from USD 233.2 billion in 2024, at a CAGR of 3.8% during the forecast period. Stringent regulatory requirements across industries like healthcare and automotive, technological advancements such as AI and IoT enhancing testing capabilities, globalization necessitating adherence to diverse standards, and a heightened focus on quality, safety, and sustainability are among the factors driving the growth of the testing, inspection, and certification market.
Testing, Inspection, and Certification Market Forecast to 2029
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Testing, Inspection, & Certification (TIC) Market Dynamics:
Driver: Increasing need for interoperability testing owing to growing adoption of IoT
The increasing integration of connected technologies to enhance manufacturing efficiency and productivity, coupled with the rising demand for evaluating Internet of Things (IoT)-enabled products to ensure data and product security, is driving the growth of the testing, inspection, and certification market. While the deployment of IoT and connected devices offers opportunities for higher profit margins, it also presents significant challenges and risks for manufacturers and developers, particularly in light of escalating data breaches. To address these concerns, manufacturers are prioritizing the protection of connected devices and user data. Consequently, the TIC industry is actively responding to cybersecurity threats by adhering to essential standards and regulations such as ANSI/UL 2900, IEC 62443, and the National Institute of Standards and Technology (NIST) Cybersecurity Framework. The pervasive adoption of personal IoT devices like fitness wearables, along with the emergence of ecosystem-enabled smart home devices, has transformed interactions among customers, enterprises, and communication service providers. These devices facilitate automation and agility in various business processes, underscoring the importance of rigorous testing to ensure secure connectivity and optimal performance. In this connected landscape, global companies are restructuring their quality assurance and testing approaches, employing a blend of centralized and decentralized methods to effectively manage complex integrations and transformations in product development processes.
Restraint: Lack of uniformity in global TIC standards
The lack of uniformity in global Testing, Inspection, and Certification (TIC) standards poses a significant restraint for businesses operating in this sector. Diverse countries and regions often have their own sets of standards, regulations, and compliance requirements, leading to inconsistencies and complexities for companies providing TIC services. This lack of uniformity can create challenges in terms of navigating regulatory landscapes, conducting cross-border trade, and ensuring compliance with varying standards across different markets. Additionally, it can increase the cost and time involved in obtaining certifications and approvals for products and services, impacting operational efficiency and hindering market expansion efforts. Overall, the absence of standardized TIC standards on a global scale presents a notable challenge for industry stakeholders aiming to operate seamlessly across borders and ensure consistent quality and compliance across their offerings.
Opportunity: Use of blockchain technology in TIC services
Blockchain technology offers significant potential to transform certification processes, ensuring enhanced data security, transparency, and efficiency. Its features, including immutability, cryptography, and decentralization, guarantee tamper-proof records, secure data access, and resilience against cyber threats. By automating workflows, accelerating verification, and reducing costs, blockchain streamlines certification procedures, benefiting applications like product certifications, organic farming, education, and sustainability. However, challenges such as technology maturity, regulatory frameworks, and user adoption must be addressed for widespread implementation. Particularly in Testing, Inspection, and Certification (TIC) services, blockchain enhances data security and privacy through cryptographic techniques and a distributed ledger system, mitigating risks like data breaches and unauthorized access. It also ensures transparency by providing tamper-proof transaction records, valuable for domains like telecommunications billing. Moreover, blockchain enables product lifecycle tracking, ensuring authenticity and compliance, thus reducing counterfeit risks and enhancing supply chain efficiency. In telecommunications, it enhances network security, interoperability, and supports innovative models like decentralized communication networks and peer-to-peer data sharing.
Challenge: Slower adoption of advanced technologies by small and medium-sized TIC companies
Globalization has introduced various technologies into diverse end-use applications, such as robotic process automation in manufacturing, machine learning in digital marketing, AI for chatbots, and digital twins for enhancing customer experience. This rapid technological evolution significantly impacts daily operations and personal/professional activities. Advanced technologies like cognitive computing, blockchain, cybersecurity, and AR/VR are anticipated to become major forces, reshaping how TIC providers perceive the market. However, smaller TIC firms face obstacles in adopting these innovations due to substantial capital requirements for ongoing research and development. Additionally, utilizing advanced technology-based solutions for testing and certification poses challenges for new entrants and smaller players. In contrast, established TIC giants with robust financial resources can seamlessly integrate emerging technologies into their service offerings, spanning various applications. For instance, consumers can scan a QR code in-store to access a product's complete history, aiding informed purchase decisions. Nonetheless, integrating evolving technologies into existing service portfolios or certifying products and services across diverse applications remains a hurdle for smaller TIC players in the foreseeable future.
Testing, Inspection, and Certification Market Ecosystem
Prominent companies in this market include well-established, financially stable providers of testing, inspection, and certification services. These companies have been operating in the market for several years and possess a diversified service portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include SGS SA (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), Eurofins Scientific (Luxembourg), DEKRA (Germany), TÜV SÜD (Germany), DNV GL (Norway), TÜV RHEINLAND (Germany), Applus+ (Spain), ALS (Australia), TÜV NORD Group (Germany), Lloyd’s Register Group Services Limited (UK), MISTRAS Group (USA), ASTM (US), Element Materials Technology (UK), and UL LLC (US).
By sourcing type, the outsourced segment is expected to grow with the highest rate during the forecast period
There is a growing demand for specialized expertise and technical knowledge across various industries. Outsourcing TIC services allows companies to access a wide range of specialized skills and capabilities without the need for extensive in-house resources. This is particularly beneficial for companies facing complex regulatory requirements or those operating in niche markets. Additionally, outsourcing TIC services can offer cost advantages. By leveraging third-party providers, companies can avoid the high costs associated with maintaining in-house testing and inspection facilities, including equipment, staff, and infrastructure. Outsourcing allows for greater flexibility and scalability, enabling companies to adjust their testing and certification needs according to fluctuating demand.
By application, the agriculture & food application of the testing, inspection, and certification (TIC) market is experiencing notable growth
There is an increasing emphasis on food safety and quality standards globally. With rising consumer awareness about health and nutrition, there is a growing demand for certified agricultural products and food items that meet stringent quality and safety regulations. As a result, companies operating in the agriculture and food sector are increasingly turning to TIC services to ensure compliance with these standards and to demonstrate their commitment to quality to consumers.
During the forecast period Asia Pacific is projected to record largest market share of the overall testing, inspection, and certification market.
Testing, Inspection, and Certification Market by Region
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During the forecast, Asia Pacific is projected to account for the largest share of the testing, inspection, and certification market. The key driver for this expansion stems from the thriving consumer electronics sector in countries such as China, South Korea, and India. Asia Pacific stands out as the primary producer and consumer market globally for a wide array of electronic goods, including smartphones, laptops, and televisions. Additionally, it serves as a significant manufacturing center for medical devices and associated equipment. Consequently, the region is poised to dominate the testing, inspection, and certification (TIC) services market, benefiting from its extensive production capabilities and expansive consumer base. The region's robust manufacturing ecosystem, coupled with its burgeoning demand for electronic products, underscores its pivotal role in shaping the trajectory of the TIC industry. As Asia Pacific continues to solidify its position as a key player in the global electronics market, the demand for TIC services is expected to witness sustained growth, driven by the imperative to ensure compliance with regulatory standards and to maintain product quality and safety across diverse sectors.
Key Market Players
SGS SA (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), Eurofins Scientific (Luxembourg), DEKRA (Germany), TÜV SÜD (Germany), DNV GL (Norway), TÜV RHEINLAND (Germany), Applus+ (Spain), ALS (Australia), TÜV NORD Group (Germany), Lloyd’s Register Group Services Limited (UK), MISTRAS Group (USA), Element Materials Technology (UK), and UL LLC (US) are some of the key players in the testing, inspection, and certification companies.
Testing, Inspection, & Certification (TIC) Market Report Scope
Report Metric |
Details |
Estimated Value |
USD 233.2 billion |
Expected Value |
USD 280.6 billion |
Growth Rate |
CAGR of 3.8% |
Market Size Availability for Years |
2020–2029 |
Base Year |
2023 |
Forecast Period |
2024–2029 |
Forecast Units |
Value (USD) |
Segments Covered |
By service type, sourcing type, application, and region |
Geographies Covered |
North America, Europe, Asia Pacific, and RoW |
Companies Covered |
SGS SA (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), Eurofins Scientific (Luxembourg), DEKRA (Germany), TÜV SÜD (Germany), DNV GL (Norway), TÜV RHEINLAND (Germany), Applus+ (Spain), ALS (Australia), TÜV NORD Group (Germany), Lloyd’s Register Group Services Limited (UK), MISTRAS Group (USA), ASTM (US), Element Materials Technology (UK), and UL LLC (US) are some of the key players in the testing, inspection, and certification market. |
Testing, Inspection, and Certification Market Highlights
This research report categorizes the Testing, inspection, and certification market based on offering, type, panel size, location, vertical, and region.
Segment |
Subsegment |
By Service Type |
|
By Sourcing Type |
|
By Application |
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By Region |
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Recent Developments
- In December 2023, UL LLC and Hyundai Mobis North America signed a memorandum of understanding (MOU) to enhance the safety and performance of electric vehicle batteries. Through leveraging the UL LLC North America Advanced Battery Laboratory in Michigan, this partnership seeks to facilitate the safe and widespread deployment of electric vehicle battery technology amid the increasing global adoption of electric vehicles.
- In November 2023, Intertek Group plc partnered with Emitech Group to broaden its European electrical testing capabilities. Emitech Group is an independent testing and engineering expert accredited with EN 17025 and EN 17065.
- In October 2023, TÜV Rheinland acquired Burotec, a Spanish business group offering comprehensive inspection, engineering, and security services. This acquisition enhances TÜV Rheinland’s voluntary services activities and expands its service portfolio in Spain.
- In September 2023, DNV GL introduced its newest service specification, DNV-SE-0656, which is designed to verify Power-to-X (PtX) facilities. This updated specification encompasses PtX and process facilities, offering a comprehensive framework for independent risk-based verification or certification. PtX involves the conversion of electricity into various fuels, including hydrogen, methane, ammonia, kerosene, and methanol. Typically, this process utilizes renewable electricity and biogenic carbon dioxide (CO2) to minimize greenhouse gas (GHG) emissions during fuel production and utilization.
- In July 2023, SGS SA provided verification and assessment services for infrastructure and energy subsystems in railways. These accreditations, along with the company’s existing accreditations for rolling stock and control, command, and signaling subsystems, enabled the completion of the full Technical Specifications for Interoperability (TSI) certification process for railway subsystems.
Frequently Asked Questions (FAQs):
Which are the major companies in the testing, inspection, and certification market? What are their major strategies to strengthen their market presence?
The major companies in the testing, inspection, and certification market are – SGS SA (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), Eurofins Scientific (Luxembourg), DEKRA (Germany), TÜV SÜD (Germany), DNV GL (Norway), TÜV RHEINLAND (Germany), Applus+ (Spain), ALS (Australia), TÜV NORD Group (Germany), Lloyd’s Register Group Services Limited (UK), MISTRAS Group (USA), Element Materials Technology (UK), and UL LLC (US). Each player have expansive service portfolios, focuses strategic merger & acquisitions, and a drive for innovation. They compete by diversifying offerings, targeting emerging markets, investing in digitalization and sustainability solutions, while focusing on expertise in key sectors like maritime and technical assessment. Adapting to client needs and embracing innovation remain crucial for success in this dynamic market.
Which application of TIC market is likely to drive market growth in coming years?
The surge in personalized medicine and drug development is fueling the requirement for thorough testing and certification across medical devices, pharmaceuticals, and biologics. Progressions in biotechnology and gene editing necessitate rigorous safety and efficacy evaluations, while escalating healthcare regulations drive the need for compliance testing and certification.
How certification services in testing, inspection, and certification market is likely to drive market growth in coming years?
Certification services in the testing, inspection, and certification (TIC) market are poised to drive significant growth, propelled by key factors such as increased regulations, a focus on quality and brand reputation, expanding global trade, technological advancements, sustainability concerns, demand for specialized certifications, and heightened awareness. While challenges persist, including market fragmentation and competition, the outlook remains positive. Leveraging technological innovations, adapting to regulatory changes, and offering specialized services will be crucial for certification service providers to seize growth opportunities. Additionally, regional variations, industry dynamics, and data security considerations should be factored in. Mergers and acquisitions may reshape the landscape, emphasizing the importance of addressing data privacy and security to ensure the credibility of certification services.
What are the drivers and opportunities for the testing, inspection, and certification market?
The burgeoning TIC market is driven by diverse factors, including stringent regulatory requirements across sectors like food safety and environmental protection, prompting a need for compliance-focused TIC services. Advancements in AI, automation, and IoT enhance testing and inspection capabilities, while global trade expansion necessitates adherence to diverse standards, driving demand for international TIC services. Heightened focus on product safety and quality, emerging markets in Asia, Africa, and Latin America, and the adoption of digital and automated solutions further propel market growth. Additionally, growing environmental concerns, increasing cyber security threats, infrastructure investments, and rising disposable incomes in developing nations contribute to the expanding TIC landscape. By seizing these opportunities, TIC companies can bolster their market presence and innovate in this dynamic industry.
What are the restraints and challenges for the testing, inspection, and certification market?
The high cost of services due to specialized equipment and compliance needs, technological disruptions demanding heavy investments and talent acquisition, intense competition leading to price wars and scalability issues, navigating complex regulatory landscapes across regions and sectors, and adapting to sustainability standards while engaging stakeholders transparently. These are the restraints and challenges in the testing, inspection, and certification market.
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The study involved four major activities in estimating the size of the testing, inspection, and certification market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.
Secondary Research
Revenues of companies offering testing, inspection, and certification systems have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.
In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the testing, inspection, and certification market. Secondary sources considered for this research study include government sources, corporate filings, and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.
Secondary research has been mainly used to obtain key information about the supply chain of Testing, inspection, and certification systems to identify key players based on their products and prevailing industry trends in the Testing, inspection, and certification market by offering, type, panel size, location, vertical, and region. Secondary research also helped obtain market information- and technology-oriented key developments undertaken by market players to expand their presence and increase their market share.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the current scenario of the Testing, inspection, and certification market through secondary research. Several primary interviews have been conducted with the key opinion leaders from the demand and supply sides across four main regions—North America, Europe, Asia Pacific, and the Rest of Europe. Approximately 25% of the primary interviews were conducted with the demand-side respondents, while approximately 75% were conducted with the supply-side respondents. The primary data has been collected through questionnaires, emails, and telephone interviews.
After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up procedure has been employed to arrive at the overall size of the testing, inspection, and certification market.
- More than 40 companies offering testing, inspection, and certification services have been identified, and their services have been mapped based on certification service type, application, and region.
- The global testing, inspection, and certification (TIC) market size has been derived through the data sanity method. The revenues of testing, inspection, and certification service providers have been analyzed through annual reports and press releases and summed up to derive the overall market size.
- For each company, a percentage has been assigned to the overall revenue to derive the revenues from the testing, inspection, and certification segment.
- Each company's percentage has been assigned after analyzing various factors, including service offerings, geographic presence, initiatives, and recent developments/strategies adopted for growth in the testing, inspection, and certification (TIC) market.
- For the CAGR, the market trend analysis of testing, inspection, and certification was conducted by understanding the industry penetration rate and the demand for the supply of testing, inspection, and certification services in different sectors.
- Estimates at every level were verified and validated by discussing with key opinion leaders, including CXOs, directors, operation managers, and domain experts in MarketsandMarkets.
- Various paid and unpaid information sources, such as annual reports, press releases, white papers, and databases, have been studied.
The top-down approach has been used to estimate and validate the total size of the Testing, inspection, and certification market.
- The report focused on top-line investments and expenditures in the ecosystems of various industries. The testing, inspection, and certification (TIC) market has been further segmented based on sourcing type, service type, and application.
- Further information has been derived from the market revenue generated by the key testing, inspection, and certification service providers.
- Multiple on-field discussions have been carried out with key opinion leaders from each major company involved in providing testing, inspection, and certification services.
- The geographic splits have been estimated using secondary sources based on various factors such as the number of players in a specific country, region, and major applications.
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides in the testing, inspection, and certification market.
Market Definition
The testing, inspection, and certification market refers to a sector encompassing organizations and services involved in assessing the quality, safety, compliance, and performance of products, processes, and systems across various industries. TIC services are offered by testing laboratories, inspection agencies, certification bodies, and conformity assessment entities. These entities conduct evaluations, inspections, and audits to ensure that products meet regulatory standards, industry requirements, and customer expectations. TIC services play a crucial role in verifying the quality and safety of goods and services, facilitating trade, protecting consumers, and enhancing confidence in products and processes.
Testing, inspection, and certification services help producers improve productivity, meet global standards, and enhance product and service quality. These services (i.e., testing; inspection; verification; validation; certification; auditing; consulting; technical assistance and training; environmental quality, safety and health assessment; asset integrity management; and project management services) can be adopted for any product, service, or process, irrespective of the sector in which the company operates. The demand for quality products has increased remarkably, reinforcing the need to ensure that the manufactured products meet national and international safety- and quality-related regulations.
Key Stakeholders
- Raw material and testing equipment suppliers
- Research organizations
- Original equipment manufacturers (OEMs)
- Technology standards organizations, forums, alliances, and associations
- Technology investors
- Analysts and strategic business planners
- Government bodies, venture capitalists, and private equity firms
- End users who want to know more about testing, inspection, and certification services and the latest standards in the market
Report Objectives
- To define, segment, and forecast the testing, inspection, and certification (TIC) market size, by service type, sourcing type, application, and region, in terms of value
- To forecast the market size for various segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW), in terms of value
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market growth
- To understand and analyze the impact of evolving technologies on the overall value chain of the testing, inspection, and certification market and upcoming trends in the ecosystem
- To forecast and compare the market size of pre-recession with that of the post-recession at the regional level
- To highlight the impact of Porter’s five forces on the testing, inspection, and certification ecosystem and analyze the underlying market opportunities
- To analyze the associated use cases in the testing, inspection, and certification (TIC) business
- To provide information about the key industry trends and associated regulations impacting the global testing, inspection, and certification market
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To strategically profile key players and comprehensively analyze their market ranking and core competencies2, along with detailing the competitive landscape for market leaders
- To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the market
- To benchmark market players, which analyzes the players based on various parameters within the broad categories of business strategy excellence and strength of product portfolio
- To study the strategies and game-changing developments, such as agreements, partnerships, collaborations, acquisitions, and service launches, among other developments, in the testing, inspection, and certification market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the company‘s specific needs. The following customization options are available for the report.
Country-Wise Information:
- Detailed analysis of smart irrigation-related hardware-controllers, sensors, and water flow meters in each country
Company Information:
- Detailed analysis and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Testing, Inspection, and Certification Market
Interested in New/emerging areas of testing in line with new/emerging technologies