Testing, Inspection, and Certification Market for the Transportation Industry - Growth, Trends, COVID-19 Impact, and Forecasts (2024 - 2029)

Transportation Industry Testing, Inspection, & Certification Industry Overview

The testing, inspection, and certification market for the transportation industry is highly competitive, with many local and international players active in the market. International participants operate in the market through partnerships with local players. With the market expected to broaden and yield more opportunities, more players are expected to enter. The key players in the market studied include Bureau Veritas, Element Metech, and SGS SA, among others. These major players have adopted various growth strategies, such as new product launches, mergers and acquisitions, expansions, partnerships, joint ventures, and others, to strengthen their position in this market.

• September 2022 - Element Material Technology announced the acquisition of National Technical Systems, a North America-based TIC service provider for space, defense, aerospace, and connected technologies. The acquisition aligns with the company's expansion plan in the American region.
• January 2022 - Malaysia Aviation Group and Bureau Veritas have signed an agreement to deploy the SafeGuard label, which addresses the specific risks to all places where people live and work by assuring that protective measures are correctly set up and implemented. As part of MAG's efforts to strengthen destination and operational readiness, its subsidiaries Malaysia Airlines, AeroDarat Services, Firefly, and MASwings have completed a certification audit conducted by Bureau Veritas.