Japan Testing, Inspection and Certification Market | Annual growth rate of 3.26% in 2022

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Internal segment to offer maximum business opportunities | Increase in vehicle recalls due to failure of various parts and components coupled with emergence of digital ICT to drive market growth

NEW YORK, February 15, 2022 /PRNewswire/ — The Testing, Inspection and Certification Market Share in Japan should increase by $3.07 billion from 2021 to 2026, at an accelerated CAGR of 3.94% according to recent Technavio market research. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major investment pockets.

Technavio has announced its latest market research report titled Japan Testing, Inspection and Certification Market by Type and Service – Forecast and Analysis 2022-2026

ICT market vendors in Japan should focus on seizing business opportunities inner segment since it had the largest market share during the reference year.

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Segmentation analysis and forecasts

The growth in Japan testing, inspection and certification market share by internal segment will be significant during the forecast period. This growth is attributed to the significant increase in automotive manufacturers’ investments in the necessary internal infrastructure such as test and measurement equipment and qualified personnel to perform automotive ICT activities in their manufacturing facilities, including internal testing of the electronic control unit (ECU) and other basic components

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Testing, Inspection and Certification Market Japan Quick Facts-

  • Total Pages: 120

  • Companies: 10+ – Including AmSpec Services LLC, Apave Group, Bureau Veritas SA, COTECNA INSPECTION SA, Intertek Group Plc, Japan Inspection Co. Ltd., SGS SA, TUV Rheinland AG, TUV SUD and UL LLC, among others.

  • Blanket: Main Drivers, Trends and Challenges; Product information and news; Value chain analysis; Parent market analysis; Landscape of vendors; COVID Impact and Recovery Analysis

  • segments: Type (in-house and outsourced) and Service (testing and inspection service and certification service)

Overview of Suppliers-

The market for testing, inspection and certification in Japan is fragmented and vendors are deploying growth strategies such as technological innovations to compete in the market.

  • AmSpec Services LLC – The company offers a wide range of analyzes on a multitude of products and also offers professional and reliable inspection services to its customers.

  • Bureau Veritas SA- The company offers testing and certification services focusing on different categories such as high chair, badminton racket.

  • COTECNA INSPECTION SA- The company offers testing services that ensure products meet all necessary quality, safety and durability standards.

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Latest Market Drivers and Trends-

For example, in April 2019, Suzuki recalled 2 million vehicles due to improper inspections and several other defects, including false fuel efficiency data. In March 2020, Toyota Motor Corp has recalled 3.2 million vehicles worldwide to fix the fuel pump issue that causes the engine to stall. In January 2020Honda Motor Co. recalled 57,377 vehicles across 16 models, including the Life mini-vehicle, in Japan due to Takata Corp. airbags. defective. Such incidents have increased the need for strict ICT of vehicles during manufacturing to prevent accidents and reduce human and financial losses, which is likely to fuel the demand for ICT services during the forecast period.

Many ICT service providers are harnessing advanced technologies such as robotics and analytics to transform their service offerings. Physical inspection of vehicles is largely replaced by digital inspection, predictive maintenance and integrated sensors. For example, smart sensors built into vehicles provide a constant stream of data. The use of smart sensors enables 24-hour remote monitoring and inspection capabilities of vehicles. This reduces the need for physical on-site inspections and provides secure data generation and analytics. Moreover, the implementation of Virtual Reality (VR) and Augmented Reality (AR) helps to open significant opportunities in ICT. Advances such as digital ICT for vehicles provide opportunities for growth and help OEMs improve their profit margins. These factors will drive the growth of the market over the forecast period.

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Japan Testing, Inspection and Certification Market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 3.94%

Market Growth 2022-2026

$3.07 billion

Market structure

Fragmented

Annual growth (%)

3.26

Regional analysis

North America, APAC, Europe, South America and MEA

Successful market contribution

100% Japan

Main consumer countries

United States, China, Germany, Japan and United Kingdom

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

AmSpec Services LLC, Apave Group, Bureau Veritas SA, COTECNA INSPECTION SA, Intertek Group Plc, Japan Inspection Co. Ltd., SGS SA, TUV Rheinland AG, TUV SUD and UL LLC

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Customization overview

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Summary

Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

Five forces analysis

Market segmentation by type

Market segmentation by service

  • Market segments

  • Comparison by service

  • Testing and Inspection Service – Market size and forecast 2021-2026

  • Certification Service – Market size and forecast 2021-2026

  • Market opportunity by service

Customer landscape

  • Market factors

  • Market challenges

  • Market trends

Supplier Landscape

  • Supplier Landscape

  • Landscape disturbance

Vendor analysis

appendix

About Us
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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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