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TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET ANALYSIS

Testing, Inspection, and Certification (TIC) Market, By Type (Management Systems Certification, Third-Party Inspection, ASME, Others), By Vertical (Oil and Gas, Chemicals, Life Sciences, Power & Utilities, Food, Beverages, and Agriculture Transportation, Automotive & Aerospace, Consumer Products and Goods, Construction, Metals and Minerals, Industrial Goods.), and By Region (North America, Latin America, Europe, Asia Pacific, and Middle East and Africa)

Market News

Global Testing, Inspection, and Certification (TIC) Market: Key Developments

  1. In January 2022, SGS announced its partnership with Microsoft. The new collaboration will enable the company to develop and innovate data, IoT, and AI-based TIC services that are sustainable and inclusive and can help its customers realize their full potential.
  2. In April 2021, Intertek Group was selected as an accredited testing laboratory under the US Food and Drug Administration’s (FDA) Accreditation Scheme for Conformity Assessment (ASCA) Pilot Program. With this recognition, 12 Medical Centers of Excellence within Intertek’s global network of labs have been authorized to assist manufacturers worldwide with medical device premarket testing.
  3. In January 2023, SGS partnered with the Fairness, Integrity, Safety, And Health (FISH) Standard for Crew (US), offering a voluntary, impartial, and recognized third-party certification scheme for labor practices. These labor practices are meant for board vessels engaged in global wild-capture fisheries to award FISH certification to Phoenix Processors Limited Partnership (PPLP) for two processor vessels: M/V Excellence and M/V Phoenix.
  4. In December 2022, ALS Limited (ALS) acquired the ExplorTech Division of Earthlabs Inc., formerly GoldSpot Discoveries Corp. (Canada), to deliver discovery-vectoring consulting services to clients. GoldSpot Discoveries Corp. is recognized as a global leader in AI and data science, using AI to transform the mineral discovery process.
  5. In December 2022, UL Solutions launched the SPIRE Qualification Program to meet the smart building assessment and verification demand. UL Solutions' SPIRE Qualification Program enables qualified third-party assessors to conduct SPIRE Smart Building Assessments and gain insights from UL Solutions smart building experts.
  6. In November 2022, TÜV Rheinland introduced a test standard (2 PfG 2796/02.22) to certify solar modules installed into unique buildings worldwide.

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