Automotive Testing Market Size, Share, Growth 2024-2031 |...

Automotive Testing Market Size, Share, Growth 2024-2031

Posted 2024-08-01 06:23:48

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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:

SGS SA
Intertek Group Plc
Robert Bosch GmbH
Anritsu
Siemens AG
D&V Electronics
TÜV Rheinland
Dekra
UL Solutions
Rohde & Schwarz GmbH & Co KG
Element
AVL List GmbH

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Related Reports

India Automotive Testing

https://www.datamintelligence.com/research-report/india-automotive-testing-market

Mexico Automotive Testing:

https://www.datamintelligence.com/research-report/mexico-automotive-testing-inspection-certification-market

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