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Automotive TIC Market worth $20.9 billion by 2028 – Exclusive Report by MarketsandMarkets™

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Automotive TIC Market is projected to grow from USD 17.7 billion in 2023 to USD 20.9 billion by 2028, registering a CAGR of 3.4% during the forecast period, according to a new report by MarketsandMarkets™. The growing demand of safer, efficient and fuel-efficient mobility alternative is expected to drive the demand for automotive TIC services around the world. For instance, the demand for TIC services for automotive components such as EV Battery, EV Motors, EV Chargers, among others, is expected to increase due to the increasing demand for safer and environmental friendly electric mobility.

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Browse in-depth TOC on “Automotive TIC Market“.
135 – Tables
70 – Figures       
270 – Pages

Automotive TIC Market Scope:

Report Coverage

Details

Market Size

USD 20.9 billion by 2028

Growth Rate

3.4% of CAGR

Largest Market

Europe 

Market Dynamics

Drivers, Restraints, Opportunities & Challenges

Forecast Period

2023-2028

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Vehicle Type (Passenger Cars, Commercial Vehicles), Service Type (Testing Services, Inspection Services, Certification Services), Sourcing Type (In-House, Outsourced), Application and Region

Geographies Covered

North America, Asia Pacific, Europe, and Rest of the World

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Increasing demand for hydrogen as an alternate fuel and autonomous vehicles

Key Market Drivers

Rapid advancements in the automotive industry

TIC services for commercial vehicles to be the fastest growing market by value during forecast period

The commercial vehicles segment includes vehicles primarily used for commercial purposes such as transporting goods, passengers, or specialized cargo. Commercial vehicles play a vital role in various industries, including logistics, transportation, construction, and public services. This segment includes a wide range of vehicles, including trucks, buses, vans, and other specialized vehicles designed to meet specific commercial requirements. Due to their larger size, higher payloads, and intricate functionalities, the commercial vehicle sector is subjected to rigorous safety regulations and compliance standards. Ensuring the safety and adherence to these standards is of utmost significance. Testing, Inspection, and Certification (TIC) services play a vital role in evaluating numerous aspects, encompassing structural integrity, braking systems, load capacity, emissions, and conformity to industry benchmarks. Commercial vehicles face unique challenges related to fuel efficiency, emissions control, and environmental impact. The increasing emphasis on sustainability and stringent regulations has driven the development of alternative fuel technologies and the adoption of electric and hybrid commercial vehicles. TIC services play a vital role in evaluating the performance and compliance of these vehicles, ensuring they meet the necessary environmental standards.

Outsourced TIC services to be the fastest growing segment by sourcing type during the forecast period

OEMs collaborate with external TIC providers who specialize in specific testing areas or possess industry certifications and accreditations. These providers offer a range of services, such as component testing, system verification, quality control inspections, regulatory compliance assessments, and certification support. Various automotive TIC providers outsource a range of services to meet industry requirements. SGS, Bureau Veritas, DEKRA, TÜV SÜD, and Intertek are notable TIC providers that cater to the automotive sector. These providers outsource a comprehensive suite of services, including testing, inspection, certification, and consulting. SGS and Bureau Veritas are known for their expertise in providing end-to-end TIC solutions for automotive companies, while DEKRA specializes in vehicle inspections, emissions testing, and homologation. TÜV SÜD is recognized for its broad range of TIC services, including technical advisory, while Intertek focuses on testing, inspection, certification, and supply chain assurance for automotive components and materials. The allocation of TIC services to providers may vary based on specific agreements and industry needs.

Europe is expected to be one of the leading market in the automotive TIC market”

The automotive TIC industry in Europe is characterized by a comprehensive range of services provided by industry-leading TIC service providers. These companies have established their headquarters and operations across different European countries, leveraging their expertise, advanced technologies, and extensive networks to meet the diverse needs of the automotive sector. Prominent TIC providers in Europe include DEKRA, TÜV SÜD, Bureau Veritas, TÜV Rheinland, and Intertek, to name a few. These companies offer a wide array of TIC services encompassing various aspects of automobile manufacturing, including safety, performance, emissions, and compliance with regulatory standards. Stringent safety regulations and standards enforced by the European Union bodies, such as the European Commission and European Automobile Manufacturers’ Association (ACEA), necessitate rigorous testing and certification processes to ensure the safety of vehicles and their components. The European automotive TIC market is poised for significant growth as the automotive sector continues to evolve and adapt to changing market dynamics and technological advancements. The focus on sustainability, environment-friendliness, and energy efficiency further amplifies the demand for TIC services, particularly in areas such as EV batteries, renewable energy sources, and emission testing. Additionally, strong collaborations and partnerships between OEMs, TIC providers, and regulatory bodies in Europe further enhance the growth prospects of the automotive TIC market in the region.

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Key Market Players:

The Automotive TIC Companies are DEKRA SE (Germany), TÜV SÜD Group (Germany), Applus+ (Spain), SGS Group (Switzerland), TÜV Rheinland Group (Germany), among others.

Recent Developments:

  • In April 2023, TUV Rheinland updated its certification program for hydrogen to ensure the safety and reliability of hydrogen technology and infrastructure. The new certification program covers various aspects of the hydrogen value chain, including production, storage, transportation, and usage. It also addresses emerging topics such as the use of hydrogen in fuel cells for mobility applications. The updated program reflects the latest technological and regulatory developments in the hydrogen industry and is designed to help companies and organizations meet the growing demand for safe and sustainable hydrogen solutions.
  • In March 2023, Applus+ launched eReformas, a digital platform that provides a more efficient and flexible inspection service for users of statutory vehicle inspection in Spain. Through the eReformas platform, customers can view and manage appointments, track the inspection process in real-time, receive alerts on their mobile devices, and even make online payments. Applus+ expects the eReformas platform to improve customer satisfaction and streamline the inspection process, ultimately resulting in safer vehicles on the road.
  • In March 2023, SGS announced that it has signed an agreement to sell its Automotive Asset Assessment and Retail Network Services operations to Zurich-based asset management firm, Conzzeta AG. The agreement includes selling the business, assets, and employees and transferring certain liabilities. The deal is expected to close in the second quarter of 2023, subject to customary closing conditions.
  • In November 2022, DEKRA has launched a cybersecurity certification program that covers all types of electric vehicle supply equipment (EVSE). The program is the first of its kind globally. It is based on well-known cybersecurity standards, such as ETSI EN 303 645 or IEC 62443, to help EVSE manufacturers ensure their products are equipped with appropriate security solutions against significant security threats.
  • In November 2022, SGS announced its membership in the Automotive Electronics Council’s (AEC) Technical Committee. The AEC is a leading forum for developing reliable, high-quality automotive electronic components standards. The collaboration with AEC will enable SGS to provide its customers with testing services for automotive electronic components that comply with AEC’s high-quality standards.
  • In May 2022, TÜV SÜD has developed a program to evaluate the sustainability of battery production in a pilot project with Microvast Holdings. Microvast Holdings is a leading supplier of battery technology for specialized and commercial vehicles. The sustainability assessment program by TÜV SÜD aims to assist manufacturers in developing more sustainable battery production processes, focusing on ecological, social, and economic aspects.

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Artificial Intelligence

Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website

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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.

“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
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WIO Taps Gracenote to Revolutionize Television Broadcast Reporting

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LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.

By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.
“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.
“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.
About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.
About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.
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IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility

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BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.

Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 
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