Sourcing type segment performance in the global automotive testing, inspection, and certification market.
The global automotive testing, inspection, and certification market is expected to grow at a CAGR of 6.62% during the forecast period. Based on the sourcing type, the global automotive testing, inspection, and certification market has been segmented into in-house and outsourced.
In-house TIC refers to performing TIC activities within the company, instead of relying on outsourcing. Automotive manufacturers invest in necessary in-house infrastructure such as test and measurement equipment and skilled personnel to perform TIC activities in their manufacturing facilities such as in-house testing of the electronic control unit (ECU) and other core components.
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In-house TIC helps manufacturers to exert higher levels of control by keeping the services and personnel under direct control. Poor vehicle maintenance leads to crashes, equipment failure, and increased maintenance costs. Hence, it is important to conduct a routine inspection and ensure the maintenance of vehicles. The in-house TIC reduces these risks by enabling manufacturers to identify problems quickly and resolve them immediately. Hence, in-house segment is expected to continue to dominate the global automotive testing, inspection, and certification market during the forecast period.