Top Testing, Inspection, And Certification (TIC) Companies

Testing, Inspection, And Certification (TIC) Market size was valued at USD 228.37 Billion in 2023 and is poised to grow from USD 237.05 Billion in 2024 to USD 296.49 Billion by 2032, growing at a CAGR of 3.8% during the forecast period (2025-2032).

Key vendors in Testing, Inspection, And Certification (TIC) Market are: Dekra Certification GmbH (Germany) ', 'ALS Limited (Australia) ', 'BSI Group (UK) ', 'Kiwa NV (Netherlands) ', 'SAI Global Limited (Australia) ', 'SGS SA (Switzerland) ', 'Bureau Veritas (France) ', 'Intertek Group plc (UK) ', 'Eurofins Scientific (Luxembourg) ', 'DEKRA (Germany) ', 'TÜV SÜD (Germany) ', 'DNV GL (Norway) ', 'TÜV RHEINLAND (Germany) ', 'Applus+ (Spain) ', 'ALS (Australia) ', 'TÜV NORD Group (Germany) ', 'Lloyd’s Register Group Services Limited (UK) ', 'MISTRAS Group (USA) ', 'Element Materials Technology (UK) ', 'UL LLC (US)'

The increasing adoption of smart technologies to improve production and output, and the increasing need to assess IoT devices for data and product quality, is becoming the primary growth in the TIC market. Hence, while IoT and smart connected devices provide more opportunities for achieving higher profit margins for the manufacturers and developers they are also associated with large risks and challenges for the same manufacturers and developers given the high incidence of data breaches. To counter these risks, the manufacturers are focusing on providing better protection to the devices and the data of the users. Thus, the TIC industry is already playing a proactive role in the prevention and mitigation of cybersecurity threats by following common standards and regulations like ANSI/UL 2900, IEC 62443, and NIST CSF. The usage of personal IoT devices which include fitness wearables and now emergence of smart home ecosystem devices has changed the dynamics of customer and enterprise and the communication service providers’ interactions. These devices bring automation and flexibility to different business activities, making it important to perform tests that would confirm the secure connection and the ideal performance of these solutions. 

Rising Use of Blockchain Technology in TIC Services: Blockchain technology holds significant potential to revolutionize certification processes by enhancing data security, transparency, and efficiency. Its key features—immutability, cryptography, and decentralization—ensure tamper-proof records, secure data access, and resilience against cyber threats. Blockchain can automate workflows, expedite verification processes, and reduce costs, thereby streamlining certification procedures. This is particularly beneficial for applications such as product certifications, organic farming, education, and sustainability. However, challenges like technological maturity, regulatory frameworks, and user adoption need to be addressed for widespread implementation.

Asia Pacific emerged as the largest TIC market in the world with a revenue scale of more than 30%. A significantly large proportion contributes to the fact that the economic development in countries such as China, India, Japan and South Korea has grown rapidly. The increase in industrial and manufacturing activities in these nations has led to higher growth in the opportunity for TIC market. Also, the development of a robust AI technology hub in Singapore creates a conducive environment for the TIC market since testing and inspection services depend on the growth of this technology.