The global
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.
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.
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 well known that exporting a car to another nation is a difficult task. While registering, the manufacturer could run into a number of issues. The cars must go through inspection in order to demonstrate that they can adhere to regulations everywhere. The need for homologation services is immense. They help the business make product improvements so that it complies with government standards for automobiles. Future Market Insights has offered insights that walk through these data in its most recent industry report, titled “Automotive Homologation Services Market.” It has, at its discretion, collaborated with analysts and consultants on micros and macros.
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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.
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
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and the Pacific
- Middle East & Africa (MEA
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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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