Automotive TIC Market Trends

Automotive TIC Market Trends

Automotive TIC is witnessing significant technological advancements in connected car technologies & electric vehicles. Connected cars, equipped with advanced telematics, infotainment systems, and V2X communication, require rigorous testing and certification to ensure cybersecurity, data privacy, and seamless integration. Similarly, the rise of EVs introduces new components, such as batteries and power electronics, necessitating specialized testing for safety, efficiency, and regulatory compliance.
 

The increasing complexity and integration of these technologies create a demand for comprehensive TIC services to verify performance, safety, and interoperability. As automotive innovation accelerates, TIC services become critical in validating new technologies, ensuring quality standards, and meeting evolving regulatory requirements, thereby driving market growth.
 

For instance, in October 2023, Jaguar Land Rover (JLR) inaugurated a new electric vehicle (EV) test facility in Whitley, England, as part of its strategic push towards electrification. This move is aimed at enhancing the company's capabilities to develop and test new electric models more efficiently. JLR plans to invest £15 billion (approximately $19 billion) over the next five years to bolster its EV lineup, which includes launching nine luxury electric vehicles by 2030. By conducting EV trials on-site at the new facility, JLR aims to reduce the costs associated with shipping prototype vehicles around the globe for testing.