According to a new market research report, “Global Certificate Testing Market by Products (Electronics & Automotive) and Geography (APAC, Europe, North America, South America, and ROW) - Forecasts and Trends to 2012 - 2020” , the total market for Global Certificate Testing will be worth of $27.46 Billion by 2020 at an estimated CAGR of 7.22%.
Browse 53 market data tables and 54 figures spread through 188 pages and in-depth TOC on “Global Certificate Testing Market - Forecasts and Trends to 2012 - 2020"
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Certificate testing industry serves a wide range of end market which includes agriculture, automotive, oil and gas, food, life sciences, industrial, petrochemical, maritime, commodities, chemicals and pharmaceuticals, electronics, textiles, and many more. This report covers a detailed analysis on electronics and automotive market segments. The purpose of these services is to ensure quality and safety of the products so as to reassure the end-users that a manufacturer has indeed followed international standards and regulations, which ensure the environmental protection, public health and safety.
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The certificate testing market covers the industry on the basis of products and geography. The products section includes electronics and automotive products. The electronics product comprises semiconductor, advanced materials, telecommunications, and others. The semiconductor products are further categorized into electromagnetics, microelectronics, sensors, optoelectronics, and others; advanced materials consist of superconductors and other materials. The automotive segment comprises major products, namely, electrical system and components, EV, HEV and battery systems, Telematics, engine R&D and emission testing, fuels, fluids and lubricants, interior and exterior materials and components, and others. The geographic analysis covers the major regions, namely, North America, South America, Europe, Asia-Pacific, and Rest of the World.
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The major drivers for the certificate testing market are stringent regulatory standards, outsourcing of testing and certification services, and awareness among the end-users and more. There are restraints in the market such as lack of internationally accepted standards and local government mandates. Rapid growth in emerging economies and the shift of the manufacturers to these economies provide opportunities for the global certificate testing market.
Some of the key players in this market include SGS Group (Switzerland), BSI Group (U.K.), Dekra Certification GmbH (Germany), Bureau Veritas S.A. (France), Intertek Group PLC (U.K.), Dekra Certification GmbH (Germany), TUV SUD (Germany), TUV Rheinland Group (Germany), TUV Nord Group (Germany), and UL LLC (U.S.). Asia-Pacific is anticipated to be the leading market for the certificate testing industry throughout the forecasted period due to rapid developments and growth in international trade.
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