South Korea Testing, Inspection, And Certification Market Size & Outlook
South Korea testing, inspection, and certification market, 2018-2030 (US$M)
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South Korea testing, inspection, and certification market highlights
- The South Korea testing, inspection, and certification market generated a revenue of USD 10,689.8 million in 2024 and is expected to reach USD 14,139.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.6% from 2025 to 2030.
- In terms of segment, testing was the largest revenue generating service in 2024.
- Certification is the most lucrative service segment registering the fastest growth during the forecast period.
Testing, inspection, and certification market data book summary
| Market revenue in 2024 | USD 10,689.8 million |
| Market revenue in 2030 | USD 14,139.9 million |
| Growth rate | 4.6% (CAGR from 2025 to 2030) |
| Largest segment | Testing |
| Fastest growing segment | Certification |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Testing, Inspection, Certification |
| Key market players worldwide | ALS Ltd, Applus Services SA, Bureau Veritas SA, DEKRA Certification, Element Materials Technology, Eurofins Scientific SE, Intertek Group PLC, MISTRAS Group Inc, SGS AG |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.7% of the global testing, inspection, and certification market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China testing, inspection, and certification market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 69,089.4 million by 2030.
Testing was the largest segment with a revenue share of 80.98% in 2024. Horizon Databook has segmented the South Korea testing, inspection, and certification market based on testing, inspection, certification covering the revenue growth of each sub-segment from 2018 to 2030.
The TIC market in South Korea is propelled by a combination of technological innovation, export-driven industries, stringent regulations, and consumer demand for high-quality and safe products. South Korea’s strict data privacy laws, such as the Personal Information Protection Act (PIPA), require companies to undergo TIC processes for compliance.
With the rise in IoT devices, smart factories, and connected products, there is a growing emphasis on cybersecurity testing and certification. The South Korean government actively supports industrial growth through policies and initiatives that prioritize product safety and international competitiveness.
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Testing, Inspection, And Certification Market Scope
Testing, Inspection, And Certification Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea testing, inspection, and certification market size, by service, 2017-2030 (US$M)
South Korea Testing, Inspection, And Certification Market Outlook Share, 2024 & 2030 (US$M)
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