The automotive testing, inspection, and certification (TIC) is used for providing services to the automotive TIC manufacturers for the purpose of improving the efficiency, productivity level and the manufacturing process to meet the desired standards.which in turn reduces the need for on-site inspection. Thereby, advancements in TIC such as virtual reality (VR) and augmented reality (AR) will help replacing physical vehicle inspection with digital inspection.
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COVID-19 scenario Analysis:
- The automotive testing, inspection, & certification system manufacturers are facing issues such as unavailability of workforce and factory shutdown due to which a major decline in the consumer demand toward automotive testing, inspection, & certification is observed.
- The production and operations of automotive testing, inspection, & certification system manufacturers have been shutdown due to the government declared lockdown, owing mainly to the COVID-19.
Market scenario analysis, trends, drivers and impact analysis
Increase in automotive production & technological advancements, augmenting awareness among consumers regarding product quality & safety, and rise in instances of vehicle recalls due to component failure are driving the growth of the market.
Increase in automotive production & technological advancements
Rise in demand for automotive vehicles had led to an increase in production & technological advancements in a vehicle. For instance, more than 97 million vehicles were produced around the world in the year 2019. Furthermore, technological advancement such as virtual reality (VR) & augmented reality (AR) in automotive industry will help in digital inspection of the electronic system.
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Augmenting awareness among consumers regarding product quality & safety
Increasing risk of the life due to accidents on road is one of the major safety concerns, which is creating willingness among consumer to purchase vehicles with safety features. Therefore, increase in concerns for consumer safety is anticipated to boost the automotive testing, inspection, and certification market growth during the forecast period.
Key benefits of the report:
- This study presents the analytical depiction of the automotive testing, inspection & certification industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive testing, inspection, & certification market.
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