TICstands for testing, inspection and certification of the manufacturingprocedures. The leading automotive TIC companies ensure that all themanufacturing procedures are compliant with global standards. This helps inimproving the overall quality of the products.

Growingdemand for automotive, stricter vehicle regulations and increasing cases ofvehicle recalls across the globe are propelling the automotive TIC companies’market internationally. Moreover, the ballooning demand for EVs and consumerawareness are also pushing the top automotive TIC companies intolimelight.

VerifiedMarket Research analysts added a new report titled ‘GlobalAutomotive TIC Companies’ Market Report’. In the report, analysts showed thatits value was USD 18.06 billion in 2018. In the lastsegment, the market experts projected its market cap to reach USD 32.53 billion by 2026. With the help of chartsand diagrams, it was showcased that the global market of automotive TICcompanies was growing at a CAGR of 7.04% from 2019 to 2026.

What are automotive TICcompanies?
TICservices improve the standard of the manufacturing process bytesting/inspecting/and certifying in compliance with regulations/standardsacross the world. This helps in the production of top quality, safe, andreliable automotive products. This is one of the major factors driving thegrowth of the automotive TIC services industry.

Automotivecertification is that the process of certifying automobiles as per the wantsset by various statutory regulatory bodies. Automotive testing andcertification plays an important role to meet the local and global regulatorystandards.

Inmost areas, it is mandatory to get approval to export automotive products orcomponents. With the increased emphasis on safety and environmental protection,the number of regulations applied to automobiles has increased globally. Therules and regulations imposed vary from country to country and automobile andspare manufacturers, suppliers need to align with these regulations.

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Top 10 automotive TIC companiesin the international market
EurofinsScientific

Eurofins Scientific is a Frenchorganization founded in 1987. The life-sciences company is known for itsindustry-leading analytical services. Eurofins has received many awards for itsworld-class methods for ensuring safety, identity, composition and authenticityof manufacturing procedures. In addition, the company also rigrougly checks theorigin, traceability and purity of products.

SGS
SGS is a Swiss brandthat delivers excellent quality services to the automotive industry. It is oneof the major automotive TIC companies in the world. With the goal of making aninterconnected world, it steers the techniques for improving operations,reducing risk and for developing smart solutions.

BureauVeritas

Bureau Veritas was established in1828. Since its inception, the organization has worked on improving theefficiency of its clients. With years of experience, the company has masteredthe art of TIC services. It offers multiple services to the automotiveindustry. It uses its futuristic approach for boosting quality, health andsafety and environmental protection plans.

Dekra

Dekra is a Germanenterprise. This business association is known for its vehicle inspectionservices. It diffuses safety with technology for ensuring safer humaninteraction with both the latest technology and environment.

DNV
With itsdeep expertise and experience, DNV is working onoptimizing the performance of its clients operating globally. It guides clientsto make critical decisions with ease. It is one of the most advanced automotiveTIC companies that tackles the real world challenges to bring out global leveltransformations.

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TÜVSÜD

TÜV SÜD is adding value byinspiring trust among individuals and organizations. This German brand startedits operations in 1866. Since then, it has worked on improving the quality ofproducts across multiple industries. Firstly, TÜV SÜD understands the newtechnology and then mitigates the associated risks for its internationalclients.

TÜVRheinland

TÜVRheinland isthe face of the automotive TIC companies’ segment. It has achieved top spot inthis list due to its strict compliance policies. It guides its global customersto understand and adapt to the latest technologies without any harm.

Applus+

Applus+ is a globallytrusted partner in the listicle of top automotive TIC companies. It has beenimproving the overall quality and safety of its clients’ assets andinfrastructures. Its portfolio is designed to offer complete end-to-endsolutions.

Intertek

Intertek is a British totalquality assurance provider. Its R&D division and global network has helpedit in improving the quality assurance services continuously over the past twodecades.

Lloyd’sRegister

Lloyd’s Register is one of leadingprofessional service providers for the engineering and technology domains. Itoperates in more than 75 countries to improve the performance of criticalinfrastructures.

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