The global automotive homologation service market is worth US$ 1.37 Billion as of now and expected to reach US$ 1,885.6 Billion by the year 2032 at a CAGR of 3.2% between 2022 and 2032.
It appears that the process of automotive homologation is used to certify cars and/or vehicle parts whether they have conformed with the standards set by various statutory regulatory organisations. Governments from every continent have enacted requirements that must be followed for car parts or components to be eligible for export. Every car must adhere to the homologation standards, particularly in the areas of safety and the environment. By all means, the systems and components of automobiles should be approved in accordance with the national requirements of the final destinations.
The manufacturing of automobiles and replacement parts must strive to increase both passive and active vehicle safety, with an emphasis on environmental sustainability and safety.
The automobile homologation services cater to a variety of vehicles, including motorcycles, passenger cars, trailers, commercial vehicles, and similar vehicles. Depending on the type of sourcing, the overall market for vehicle homologation services could be split into in-house services and outsourced services.
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Driverless technology, which has the potential to totally change the automotive industry, is one of the noteworthy technological developments. The major players provide services for device durability testing, Bluetooth compliance, cellular carrier and regulatory approvals, and related topics. As a result of these developments, the market should have numerous prospects for growth.
It is common knowledge that exporting a vehicle to another country is not a simple process. The manufacturer may encounter a number of difficulties during registering. To prove they can meet regulations around the world, the vehicles must undergo examination. Homologation services are so necessary. They assist the company in improving the product so that it satisfies government requirements for cars. In its most recent industry analysis, named “Automotive Homologation Services Market,” Future Market Insights has provided insights that walk through these facts. It has, at its discretion, worked on micros and macros with analysts and consultants.
Key Takeaways from Automotive Homologation Services Market
- The Asia-Pacific holds the largest market share with Australia leading from the front. The Australian Transport Ministry, in 2020, started developing national regulatory framework for letting autonomous vehicles operate smoothly all across Australia.
- Coming to the Europe, the government of Germany is laying down legislations for commercializing the ‘driverless vehicle technology’ with immediate effect. It, in fact, holds the distinction of being the very first extensive legal framework covering homologation to get robot axis.
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Competitive Edge
- Intertek, in May 2022, did announce expanding the capabilities and services at its Transportation Technologies lab bas out of Plymouth (Devon) for meeting growing demand for reliable and safe testing from the automotive industry. The end-users include EVSE (Electric Vehicle Supply Equipment) and EVs (Electric Vehicles).
- The NHTSA (National Highway Traffic Safety Administration), of late, did announce a new AV test called ‘Automated vehicle Transparency and Engagement for Safe Testing Initiative test’ to help in keeping a tab on autonomous vehicles’ status in the US.
“With stringency with respect to applying norms to automobiles in the wake of growing focus on environmental protection and safety, the global automotive homologation services market is expected to stand in a good stead in the near future”, says an analyst from Future Market Insights.
Key Companies Profiled
- TÜV SÜD Group
- Intertek Group plc
- DEKRA SE
- Applus Services SA
- SGS S.A.
- Bureau Veritas
- Formel D Group
- The Smithers Group Inc.
- The Automotive Research Association of India
- AVL List GmbH
- TÜV Rheinland
- UL Solutions Inc.
- UTAC
What’s more with Automatic Homologation Services Market?
- The research study is based on service type (full vehicle homologation, components & systems homologation (display systems, steering control systems, wireless & wired communication systems, brake systems, engine & transmission systems, seating systems, safety & crash protection systems, door components & systems, windshield systems, fuel systems, roofing systems, interior materials & systems, tires & tire pressure monitoring system, and others), by application (domestic homologation and export oriented homologation), and by vehicle type (motorcycle, passenger vehicles, commercial vehicles, trailers, and agricultural equipment).
- Increasing industrial activities help in promotion of strategic overseas trade operations. This is the factor prompting automotive service providers to gain a competitive edge.
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Automotive Homologation Service Market Outlook by Category
By Service Type:
- Full Vehicle Homologation
- Components & Systems Homologation
- Display Systems
- Steering Control Systems
- Wireless & Communication Systems
- Brake Systems
- Engine & Transmission Systems
- Seating Systems
- Safety & Crash Protection Systems
- Door Components & Systems
- Windshield Systems
- Fuel Systems
- Roofing Systems
- Interior Materials & Systems
- Tires & Tire Pressure Monitoring System
- Other Components
By Application:
- Domestic Homologation
- Export Oriented Homologation
By Vehicle Type:
- Motorcycle
- Passenger Vehicles
- Commercial Vehicles
- Trailers
- Agricultural Equipment
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