Aerospace & Life Sciences Testing, Inspection, and Certification Market by Service Type (Testing, Inspection, Certification), Sourcing Type (In-house, Outsourced), Application (Aerospace, Medical & Life Sciences), and Geography - Global Forecast to 2023

Published: December 2017
No. of Pages: 154
Single User License: US $ 5650
Corporate User License: US $ 8650
ReportsandReports

“Aerospace & life sciences TIC market is projected to grow at a CAGR of 5.34% between 2017 and 2023”

The aerospace & life sciences Testing, Inspection, and Certification (TIC) market is estimated to be USD 30.45 billion in 2017 and is expected to be worth USD 41.60 billion by 2023, at a CAGR of 5.34% between 2017 and 2023. The growth of the aerospace & life sciences TIC market is driven by the enforcement of stringent government regulations and standards across various sectors, increasing consumption of products, and outsourcing of TIC services. The aerospace & life sciences TIC market is further driven by a surge in global counterfeiting and piracy activities. Small and medium-sized companies in the TIC ecosystem are providing new growth opportunities for the aerospace & life sciences TIC market. However, changing regulations across regions restrain the growth of the aerospace & life sciences TIC market.

“Aerospace & life sciences TIC market for certification services expected to grow at the highest CAGR during the forecast period”

There has been an increasing demand for certification services owing to the increasing number of specified standards by governments and international standardization institutions. Companies are more aware of their credibility and certifications demonstrate the compliance of their products with specific standards and improve its marketability.

“Aerospace & life sciences TIC market for in-house sourcing type accounted for the largest share in 2016”

Earlier, manufacturers and organizations had to adhere to limited standards and regulations; hence, it was possible for companies to build their in-house testing and inspection capabilities. In recent years, the standards pertaining to human/user safety and environmental safety have increased. However, this trend is shifting to the increase in outsourcing aerospace & life sciences TIC services to specialized third-party service providers as they drastically reduce the operational expenditure for the manufacturers.

“Aerospace & life sciences TIC market for medical & life sciences application to grow at the highest CAGR during the forecast period”

Increasing mandates to ensure the quality and improve the efficiency of medical devices and changing regulations in applications such as clinical services, health, beauty, and wellness products across the world would drive the adoption of aerospace & life sciences TIC services by manufacturers of medical equipment.

“APAC is expected to be the fastest-growing market for aerospace & life sciences TIC during the forecast period”

Many economically advanced countries have their manufacturing units in the developing economies of Asia Pacific (APAC), especially China and India. These units are required to manufacture products in compliance with internationally accepted standards. The aerospace & life sciences TIC market in the APAC region is projected to grow at the highest CAGR during the forecast period due to the outsourcing of testing, inspection, and certification of medical devices and clinical research services.

Breakdown of the profile of primary participants:

  • By Company Type: Tier 1 –53 %, Tier 2 –15%, and Tier 3 –32%
  • By Designation: C-Level Executives – 48%, Directors -27%, and Others -25%
  • By Region: North America –19%, Europe –43%, APAC –33%, and RoW –5%

The major players profiled in this report include:

  • SGS (Switzerland)
  • Bureau Veritas (France)
  • Intertek (UK)
  • Eurofins Scientific (Luxembourg)
  • TÜV SÜD (Germany)
  • DNV GL (Norway)
  • TÜV Rheinland (Germany)
  • Applus (Spain)
  • ALS (Australia)
  • TÜV Nord (Germany)
  • MISTRAS(US)
  • Element Materials Technology (UK)
  • UL (US)

Research Coverage

The study segments the aerospace & life sciences testing, inspection, and certification market report into service type (testing services, inspection services, certification services, and others), application(medical & life sciences, aerospace) and sourcing type (in-house and outsourced). The study also covers applications and provides the geographic forecast of the market size for various segments with regard to four main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Reasons to buy the report

The report would help the market leaders/new entrants in this market in the following ways:

  • This report segments the aerospace & life sciences testing, inspection, and certification market comprehensively and provides the closest approximations of the overall market size and those of the sub segments across different applications and regions.
  • The report provides the detailed analysis of the aerospace & life sciences testing, inspection, and certification market with the help of competitive leadership mapping including key companies in the market and their relations in the ecosystem.
  • The report helps stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
  • This report would help stakeholders understand their competitors better and gain insights to enhance their position in the business. The competitive landscape section includes the competitor ecosystem, product developments, partnerships, and mergers &acquisitions in the aerospace & life sciences testing, inspection, and certification market.

Published By: MarketsandMarkets
Product Code: MarketsandMarkets2364


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • Global and Chinese GPS Tracking Devices Industry, 2018 Market Research Report

    The 'Global and Chinese GPS Tracking Devices Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global GPS Tracking Devices industry with a focus on the Chinese market. The report provides key...

  • China Zener Diodes Market Research Report 2018

    The global Zener Diodes market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. China plays an important role in global market, with market size of xx m...

  • China Wearable Payments Devices Market Research Report 2018

    The global Wearable Payments Devices market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. China plays an important role in global market, with market...

  • China Vector Network Analyzer Market Research Report 2018

    The global Vector Network Analyzer market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. China plays an important role in global market, with market s...

  • China USB Car Chargers Market Research Report 2018

    The global USB Car Chargers market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. China plays an important role in global market, with market size of ...

  • China USB Cable Market Research Report 2018

    The global USB Cable market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. China plays an important role in global market, with market size of xx mill...

  • China Trimmer Capacitors Market Research Report 2018

    The global Trimmer Capacitors market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. China plays an important role in global market, with market size o...

  • China Smart Eyewear Technology Market Research Report 2018

    The global Smart Eyewear Technology market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. China plays an important role in global market, with market ...

  • China SIS HMA Market Research Report 2018

    The global SIS HMA market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. China plays an important role in global market, with market size of xx millio...

  • China Silicon Capacitors Market Research Report 2018

    The global Silicon Capacitors market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. China plays an important role in global market, with market size o...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: