What is Vehicle Crash Testing Services Market?
A crash test is a type of destructive testing that is frequently carried out to check that various modes of transportation (see automobile safety) or connected systems and components meet safe design standards in terms of crashworthiness and crash compatibility. The growing need for safety and comfort features has sparked significant innovation and R&D work from OEMs and automotive suppliers for the compliance testing of electronic components. Additionally, the incorporation of technological elements has led to an increase in the overall weight of cars. Regulations on pollutants and fuel consumption for vehicles will increase market demand.
Highlights from Vehicle Crash Testing Services Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Euro NCAP (Belgium), IAV GmbH (Germany), National Highway Traffic Safety Administration (United States), Insurance Institute for Highway Safety (United States), Collision Safety Consultants (United States), Autoliv (Sweden), Humanetics (United States), ZF Friedrichshafen (Germany), Takata Corporation (Japan) and Centre for Training and Academic Guidance (CTAG) (India) |
The players present in the market are focusing on mergers and acquisitions to enhance their market presence and sustain the market. And making investments in innovative solutions to strengthen and protect the passengers.
Euro NCAP (Belgium), IAV GmbH (Germany), National Highway Traffic Safety Administration (United States), Insurance Institute for Highway Safety (United States), Collision Safety Consultants (United States), Autoliv (Sweden), Humanetics (United States), ZF Friedrichshafen (Germany), Takata Corporation (Japan) and Centre for Training and Academic Guidance (CTAG) (India) are some of the key players profiled in the study. Vehicle Crash Testing Services Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Passenger Vehicle and Commercial Vehicle |
Type | Frontal-impact Tests, Side-impact Tests, Pole-impact Tests and Others |
On the basis of geography, the market of Vehicle Crash Testing Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Vehicle Crash Testing Services Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Focus on Vehicle Saftey Standards and Raise the Speed in its Crash Tests
- Rising Demand for Quality Vehicles
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Influencing Trends | - The Popularity of Faster Vehicles
- Emerging Technologies of Automobiles over the Globe
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Restraints | - Lack of Perfection in the Crash Testing Services
- High Cost Associated with the Crash Testing Services
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Road Blocks / Challenges | - Concerns with the Safety Mechanisms with Crash Tests
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Gaps & Opportunities | - Increasing Government Initiatives to Vehicle Crash Test Speed to Reflect Faster Traffic
- Introduction of High-Tech Solutions to Improve the Interpretation and Testing Parameters for Vehicles
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Key Target Audience
Vehicle Crash Testing Services Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 10th February 2022, Hyundai announced the establishment of a Safety Test and Investigation Laboratory (STIL) at its Michigan-based research and development center, Hyundai America Technical Center, Inc. (HATCI). The new facility will enhance current safety testing and analysis even more. A 500-meter track, a forensics lab, a field collision investigation lab, and a Vehicle Dynamics Area (VDA) pad are all expected to be operational by the fall of 2023. The investment is concentrated on strengthening Hyundai's commitment to safety by recognizing vehicle field concerns, avoiding collisions, and protecting passengers. Over USD 50 million has been invested in the new facility.
The Indian government aims to improve car safety standards and will raise the speed in its crash tests as better roads increase the likelihood of faster vehicles being involved in accidents and add to one of the world's worst car-crash death tolls.