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.
Automotive embedded systems are being integrated into autonomous vehicles (self-driving cars). Here, real-time data is needed on traffic, pedestrian crossings, obstructions of any kind, and even weather forecasts. Additional features include the ability to control GPRS, emergency braking systems, radar systems, and comparable devices. In this way, the vehicle’s surroundings might be evaluated.
State regulations are dictating intricate control measures, such as restricting exhaust emissions or requiring airbags, that could only be carried out by computer-based systems. Even if it seems challenging in this situation to integrate the technology, total downtime is lowered. Because of this, market participants have chosen to collaborate in order to disperse functional architecture. In its most recent report, Future Market Insights covered these results and the necessary actions to take.
Get a holistic overview of the market from industry experts to evaluate and develop growth strategies. Download the sample:
http://www.futuremarketinsights.com/reports/sample/rep-gb-10913
Vehicles including motorbikes, passenger cars, trailers, commercial vehicles, and similar vehicles are catered to by the automotive homologation services. The overall market for automobile homologation services could be divided into in-house services and outsourced services depending on the kind of sourcing.
One of the notable technological advancements is driverless technology, which has the potential to completely alter the automotive industry. The main players offer services for Bluetooth compliance, cellular carrier and regulatory approvals, device durability testing, and similar things. The market as a whole should experience significant growth opportunities as a result of these developments.
It is a known fact that to export a vehicle to foreign country is not an easy task. There are various challenges that the manufacturer could face at the time of registration. The vehicles need to go through evaluation to demonstrate their prowess with the requirements worldwide. As such, homologation services come into picture. They help the manufacturer in enhancing product for meeting official standards pertaining to vehicles. Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Automotive Homologation Services Market’. It has worked on micros and macros with analysts and consultants at its discretion.
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.
Request for Customization:
https://www.futuremarketinsights.com/customization-available/rep-gb-10913
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.
Ask the Analyst:
https://www.futuremarketinsights.com/ask-question/rep-gb-10913
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
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn | Twitter | Blogs
