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.
The process of automotive homologation appears to be used to certify whether automobiles and/or vehicle components have conformed with the standards imposed by various statutory regulating authorities. Governments on every continent have put in place rules that must be followed for vehicle parts or components to be accepted for export. Every car must adhere to the homologation standards, especially those pertaining to the environment and safety. In all cases, the systems and components of vehicles should be certified to meet the national requirements of the final destinations.
Production of autos and replacement parts must aim for increased passive and active vehicle safety, with an emphasis on both safety and environmental sustainability.
The automobile homologation services cover a wide range of equivalent vehicles, including motorcycles, cars, trailers, and commercial trucks. Depending on the type of sourcing, the entire market for automotive homologation services could be split into in-house services and outsourced services.
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One of the notable technological advancements is driverless technology, which has the potential to completely alter the car sector. The major players offer services for cellular carrier and regulatory approvals, Bluetooth compliance, device durability testing, and similar topics. These changes should provide the market with a wide range of growth opportunities.
It is common knowledge that exporting a car to another country is challenging. The manufacturer could encounter a number of problems when registering. In order to prove that they can follow rules everywhere, the cars must undergo inspection. Homologation services are desperately needed. They assist the company in improving its products to ensure that they meet government requirements for autos. In its most recent market study, “Automotive Homologation Services Market,” Future Market Insights provided insights that navigate through these facts. On micros and macros, it has, at its discretion, worked 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.
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
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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