Automotive Testing Market Size, Share, Growth 2024-2031
Automotive Testing Market Share
The Global Automotive Testing Market reached USD million in 2022 and is anticipated to experience significant growth, reaching up to USD million by 2031. The market is projected to grow at a CAGR of 4.2% during the forecast period (2024-2031).
Automotive testing encompasses the evaluation of entire vehicles, components, and systems through a series of laboratory, virtual, and real-world tests. These tests are designed to ensure safety, reliability, and adherence to safety regulations.
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Automotive Testing Market Dynamics
The increasing use of electronic components in vehicles is a critical factor in enhancing safety. Road accidents in India remain a significant concern, with the country recording the highest number of road fatalities worldwide. According to data from the Ministry of Road Transport and Highways (MoRTH), over 450,000 road accidents occurred in 2019, resulting in more than 150,000 fatalities.
Although various factors contribute to these accidents, the substandard quality of vehicles sold in India has been highlighted. The Global NCAP (New Car Assessment Program), an independent vehicle safety organization, conducted crash tests on popular models in India, revealing below-average ratings due to insufficient safety features and poor build quality.
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Automotive Testing Market Segmentations
By Product Type :Engine Dynamometer, Wheel Alignment Tester, Chassis Dynamometer, Vehicle Emission Tester.
By Application :Passenger Vehicle, Commercial Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle.
Key players are:
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SGS SA
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Intertek Group Plc
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Robert Bosch GmbH
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Anritsu
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Siemens AG
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D&V Electronics
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TÜV Rheinland
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Dekra
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UL Solutions
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Rohde & Schwarz GmbH & Co KG
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Element
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AVL List GmbH
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