APAC Testing, Inspection, and Certification (TIC) Market Size (2024 - 2029)

APAC Testing, Inspection & Certification (TIC) Market Analysis

The APAC Testing, Inspection, and Certification Market size is estimated at USD 75.62 billion in 2024, and is expected to reach USD 98.83 billion by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).

• The introduction of advanced technologies across various sectors has increased the demand for TIC services in the APAC region, as it promotes safe technology development and adoption while maintaining compliance. It also provides the necessary certifications as certain industries, including healthcare and pharmaceuticals, food and beverage, automotive, and industrial manufacturing, to name a few, require internationally certified products and technologies.
• Testing, inspection, and certification (TIC) play a significant role, primarily in ensuring that the infrastructure, services, and products meet the standards and regulations of safety and quality. Due to the high demand for inspection and testing at regular intervals across a few industries, such as oil and gas, the TIC market is expected to witness growth, irrespective of the industrial seasonality.
• The testing, inspection, and certification industry is a major contributor to the global and regional economies as it helps improve the quality of products used across various end-users. Furthermore, TIC services help reduce product recalls and maintain compliance with regulatory authorities and standards governing different industries.
• Testing, inspection, and certification services require third-party verification for certain products, which leads to a time-consuming process. The occurrence of time-consuming procedures for providing TIC to certain products hampers the export and import of products. Most companies find this a significant concern as time-consuming qualification testing leads to delays in importing the goods, further hindering the company's productivity. This critical challenge will thus dampen the growth of the TIC market.
• The COVID-19 pandemic had an impact on every industry, and the level of resilience varies depending on where demand and production have been negatively impacted and where demand has been resilient or even increased. Market players quickly adopted remote and digital testing to ensure they could continue providing their services. Overall, the TIC sector has been resilient in the face of the pandemic crisis despite operating constraints and customer challenges. Still, some sectors have been particularly hit by the economic downturn, moderately impacting the player's revenue and exposure to the end market.

APAC Testing, Inspection & Certification (TIC) Industry Segmentation

The testing, inspection, and certification industry consist of conformity assessment bodies that offer services ranging from auditing and inspection to testing, verification, quality assurance, and certification.

The study tracks the revenue accrued from the various types of TIC services that are provided across end-user industries in the Asia-Pacific by service providers. In addition, the study provides the TIC market trends, along with key vendor profiles. The study further analyzes the overall impact of COVID-19 on the ecosystem.

The Asia-Pacific testing, inspection, and certification (TIC) market study provides a comprehensive analysis of the market segmented by type (in-house and outsourced), by service type (testing and inspection, and certification), by end-user (industrial manufacturing, automotive and transportation, oil and gas, mining and downstream applications, food and agriculture, building and infrastructure, consumer goods and retail, and other end users), and by country (China, India, Japan, South Korea, Southeast Asia, and Rest of Asia-Pacific). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.