Aerospace & Life Sciences Testing, Inspection, and Certification Market - Global Opportunity Analysis and Industry Forecast to 2025

  • Report ID:MRMAT - 1041
  • Pages: 174
  • Mar 2019
  • Formats*: PDF
  • Category: Semiconductor & Electronics

1. Introduction
    1.1. Market Ecosystem
    1.2. Currency and Limitations
           1.2.1. Currency
           1.2.2. Limitations
    1.3. Key Stakeholders

2. Research Methodology
    2.1. Research Process
           2.1.1. Secondary Research
           2.1.2. Primary Research
           2.1.3. Market Size Estimation

3. Executive Summary
    3.1. Introduction

4. Market insights
    4.1. Introduction
    4.2. Market Drivers
           4.2.1. Continuous innovations and investments by Testing, Inspection, Certification (TIC) Service Providers
           4.2.2. Rising Product Safety and Quality Concerns across the Globe
           4.2.3. Growing Demand of Certified Products in Compliance with Standard Legislation
    4.3. Opportunities
           4.3.1. Increasing Number of Contracts/Collaborations in Aerospace & Life Sciences
           4.3.2. Growing Spending of Healthcare Research and Development
           4.3.3. Emerging Small and Medium Sized Companies in Aerospace & Life Sciences industry
           4.3.4. Gaining Popularity of PrognosTICs/DiagnosTICs and Health Management (PHM) in Aerospace & Life Sciences
    4.4. Challenges
           4.4.1. Digitization and Adoption of Advanced Technologies in Aerospace and Life Science Industry
           4.4.2. Existence of Diversified Regulations & Standards across Regions/Countries
    4.5. Restraints
           4.5.1. High Cost of TIC Services

5. Global Aerospace & Life Sciences Testing, inspection, Certification Market, by Service
    5.1. Introduction
    5.2. Testing
    5.3. Inspection
    5.4. Certification

6. Global Aerospace & Life Sciences Testing, inspection, Certification Market, by Sourcing
    6.1. Introduction
    6.2. In-House
    6.3. Outsourcing

7. Global Aerospace & Life Sciences Testing, inspection, Certification Market, by Application
    7.1. Introduction
    7.2. Life Sciences
           7.2.1. Biopharma/Pharmaceutical & Medical Devices Services
           7.2.2. Clinical & Laboratory Services
           7.2.3. Health, Beauty & Wellness
           7.2.4. Others
    7.3. Aerospace
           7.3.1. Aerospace Manufacturing Services
           7.3.2. Aviation Management Services
           7.3.3. Others

8. Aerospace & Life Sciences TIC Market, by Geography

    8.1. Introduction
    8.2. North America
           8.2.1. U.S.
           8.2.2. Canada
    8.3. Europe
           8.3.1. Germany
           8.3.2. U.K.
           8.3.3. France
           8.3.4. Italy
           8.3.5. Spain
           8.3.6. Rest of Europe
    8.4. Asia-Pacific
           8.4.1. China
           8.4.2. India
           8.4.3. Japan
           8.4.4. South Korea
           8.4.5. Rest of Asia-Pacific
    8.5. Latin America
    8.6. Middle East & Africa (MEA)

9. Competitive Landscape

10. Company Profiles
(Includes Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
      10.1. Eurofins Scientific
      10.2. TUV SUD
      10.3. SGS SA
      10.4. ALS Limited
      10.5. Applus+
      10.6. TUV Nord
      10.7. Intertek Group Plc
      10.8. Bureau Veritas
      10.9. DNV GL
      10.10. MISTRAS Group, Inc.

11. Appendix

      11.1. Questionnaire
      11.2. Available Customization

List of Tables
Table 1 Global Aerospace & Life Sciences TIC Market Size, by Service, 2017-2025 (USD Million)
Table 2 Global Testing Services Market Size, by Country/Region, 2017-2025 (USD Million)
Table 3 Global Inspection Services Market Size, by Country/Region, 2017-2025 (USD Million)
Table 4 Global Certification Services Market Size, by Country/Region, 2017-2025 (USD Million)
Table 5 Global Aerospace & Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 6 Global in-House TIC Market Size, by Country/Region, 2017-2025 (USD Million)
Table 7 Global Outsourcing TIC Market Size, by Country/Region, 2017-2025 (USD Million)
Table 11 Global Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 12 Global Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 13 Global Life Sciences TIC Market Size, by Country/Region, 2017-2025 (USD Million)
Table 14 Global Biopharmaceutical/Pharmaceutical& Medical Devices Services TIC Market Size, by Country/Region, 2017-2025 (USD Million)
Table 15 Global Clinical & Laboratory Services TIC Market Size, by Country/Region, 2017-2025 (USD Million)
Table 16 Global Health, Beauty & Wellness TIC Market Size, by Country/Region, 2017-2025 (USD Million)
Table 17 Global Life Sciences Others TIC Market Size, by Country/Region, 2017-2025 (USD Million)
Table 18 Global Aerospace TIC Market Size, by Type, 2017-2025 (USD Million) 61
Table 19 Global Aerospace TIC Market Size, by Country/Region, 2017-2025 (USD Million)
Table 20 Global Aerospace Manufacturing Services TIC Market Size, by Country/Region, 2017-2025 (USD Million)
Table 21 Global Aviation Management Services TIC Market Size, by Country/Region, 2017-2025 (USD Million)
Table 22 Global Aerospace Others Services TIC Market Size, by Country/Region, 2017-2025 (USD Million)
Table 23 Aerospace & Life Sciences TIC Market Size, by Region, 2017-2025 (USD Million)
Table 25 North America: Aerospace & Life Sciences TIC Market Size, by Country, 2017-2025 (USD Million)
Table 26 North America: Aerospace and Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 27 North America: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 28 North America: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 29 North America: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 30 North America: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 31 U.S.: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 32 U.S.: Aerospace & Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 33 U.S.: Aerospace & Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 34 U.S.: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 35 U.S.: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 36 Canada: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 37 Canada: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 38 Canada: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 39 Canada: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 40 Canada: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 42 Europe: Aerospace and Life Sciences TIC Market Size, by Country, 2017-2025 (USD Million)
Table 43 Europe: Aerospace and Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 44 Europe: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 45 Europe: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 46 Europe: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 47 Europe: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 48 Germany: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 49 Germany: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 50 Germany: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 51 Germany: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 52 Germany: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 53 U.K.: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 54 U.K.: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 55 U.K.: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 56 U.K.: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 57 U.K.: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 58 France: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 59 France: Aerospace & Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 60 France: Aerospace & Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 61 France: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 62 France: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 63 Italy: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 64 Italy: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 65 Italy: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 66 Italy: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 67 Italy: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 68 Spain: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 69 Spain: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 70 Spain: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 71 Spain: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 72 Spain: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 73 RoE: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 74 RoE: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 75 RoE: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 76 RoE: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 77 RoE: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 79 Asia- Pacific: Aerospace & Life Sciences TIC Market Size, by Country, 2017-2025 (USD Million)
Table 80 Asia-Pacific: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 81 Asia-Pacific: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 82 Asia-Pacific: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 83 Asia-Pacific: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 84 Asia-Pacific: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 85 China: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 86 China: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 87 China: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 88 China: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 89 China: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 90 India: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 91 India: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 92 India: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 93 India: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 94 India: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 95 Japan: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 96 Japan: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 97 Japan: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 98 Japan: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 99 Japan: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 100 South Korea: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 101 South Korea: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 102 South Korea: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 103 South Korea: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 104 South Korea: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 105 RoAPAC: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 106 RoAPAC: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 107 RoAPAC: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 108 RoAPAC: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 109 RoAPAC: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 110 Latin America: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 111 Latin America: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 112 Latin America: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 113 Latin America: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 114 Latin America: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)
Table 115 MEA: Aerospace & Life Sciences TIC Market Size, by Services, 2017-2025 (USD Million)
Table 116 MEA: Aerospace and Life Sciences TIC Market Size, by Sourcing, 2017-2025 (USD Million)
Table 117 MEA: Aerospace and Life Sciences TIC Market Size, by Application, 2017-2025 (USD Million)
Table 118 MEA: Life Sciences TIC Market Size, by Type, 2017-2025 (USD Million)
Table 119 MEA: Aerospace TIC Market Size, by Type, 2017-2025 (USD Million)

List of Figure
Figure 1 Scope of the Global Aerospace & Life Sciences TIC Market
Figure 2 Key Stakeholders of Global Aerospace & Life Science TIC Market
Figure 3 Research Process
Figure 4 Key Executives Interviewed
Figure 5 Primary Research Techniques
Figure 6 Market Size Estimation
Figure 7 Global Aerospace & Life Sciences TIC Market, 2019-2025
Figure 8 Testing Services Segment is Expected to Dominate the Aerospace & Life Sciences TIC Services Market till 2025
Figure 9 In- House Segment is Expected to Dominate The Aerospace & Life Sciences TIC Market Size, by Sourcing till 2025
Figure 10 Life Sciences is Estimated to be the Largest Segment in Aerospace & Life Sciences TIC Market Size, by Application till 2025
Figure 11 Biopharmaceutical/Pharmaceutical& Medical Devices Services is Estimated to be the Largest Segment in Life Sciences TIC Market, by Type till 2025
Figure 12 Aerospace Manufacturing Services Is Estimated To Be the Largest Segment in Aerospace TIC Market, by Type till 2025
Figure 13 North America Dominated the Global Aerospace & Life Sciences Market in 2018
Figure 14 Aerospace & Life Sciences Testing, Inspection, and Certification (TIC) Market: Industry Insights
Figure 15 Number of Product Recalls, 2017
Figure 16 Demand of Highly Certified Products in Aerospace and Life Sciences Industry
Figure 17 Number of Health Partnerships/Collaborations across Globe 2016
Figure 18 Us Based Pharmaceutical Companies Spending on R&D across The globe (2013-2017)
Figure 19 Us Spending On Medical & Healthcare R&D, By Sector (2013-2017)
Figure 20 Number of Medicines In Clinical Stages (2014-2016)
Figure 21 Number & Growth of SME in Aerospace Industry, In Developing Countries (Brazil, India, & China)
Figure 22 Share of SME in Life Sciences around the Globe
Figure 23 Implementation of ICAO’s SARP, by Country, 2015 43
Figure 24 Global Aerospace & Life Sciences TIC Market Size, by Service, 2019-2025 (USD Million)
Figure 25 Global Aerospace and Life Sciences TIC Market Size, by Sourcing, 2019-2025 (USD Million)
Figure 26 Global Aerospace and Life Sciences TIC Market Size, by Application, 2019-2025 (USD Million)
Figure 27 Global Aerospace Production Share, by Country, 2016 (%)
Figure 28 Aerospace & Life Sciences TIC Market Size, by Region, 2019-2025 (USD Million)
Figure 29 U.S.: Aerospace Industry Sales & Export Value In 2017
Figure 30 U.S.: Civil Aircraft Production, by Type, 2016-2017
Figure 31 U.S.: Spacecraft System, by Type, 2016-2017
Figure 32 Us: Based Pharmaceutical Companies Spending On R&D in the Country 2013-2017
Figure 33 Canada: Pharmaceutical Companies Spending On R&D 2014-2016
Figure 34 Canada: Aerospace Manufacturing Industry R&D 2017
Figure 35 Germany: Aerospace Industry Snapshot
Figure 36 Germany: Government Spending On Health R&D 2013-2016
Figure 37 U.K.: Government Spending On Health R&D, 2013-2016
Figure 38 U.K.: Aerospace Turnover, 2012-2016
Figure 39 France: Number of Pharma/Biotech Products in Different Stages of Developments
Figure 40 Italy: Pharma/Biotech Products in Different Stages of Developments
Figure 41 Spain: Aerospace Turnover 2010-2015
Figure 42 China: Aerospace Industry
Figure 43 India: Increasing Air Passengers 2010-2020
Figure 44 South Korea: Increasing Aerospace Production 2017-2028
Figure 45 Australia: Local Aerospace Production Value 2015-2018
Figure 46 Latin America: Aerospace Snapshot
Figure 47 Competitive Landscape
Figure 48 Eurofins Scientific: Financial Overview (2015-2017)
Figure 49 TUV SUD: Financial Overview (2015-2017)
Figure 50 SGS: Financial Overview (2016-2018)
Figure 51 ALS Limited: Financial Overview (2015-2017)
Figure 52 Applus+: Financial Overview (2015-2017)
Figure 53 TUV Nord: Financial Overview (2015-2017)
Figure 54 Intertek Group Plc: Financial Overview (2015-2017)
Figure 55 Bureau Veritas: Financial Overview (2015-2017)
Figure 56 DNV GL: Financial Overview (2015-2017)
Figure 57 MISTRAS Group, Inc.: Financial Overview (2015-2017)

The global aerospace and life sciences TIC market is projected to reach $42.2 billion by 2025 from $30.3 billion in 2019, growing at a CAGR of 5.6% during the forecast period. TIC services improve the quality of manufacturing process by testing, inspecting, and certifying in compliance with regulations/standards across the globe. This helps in the production of high quality, safe, and reliable aerospace products/components, pharmaceuticals/biopharmaceuticals/ & medical devices, and other life science products. Factors such as increasing production in aerospace & life sciences, adoption of new materials in aircraft, and stringent aviation regulations & certification standards for the aircraft safety; and rising investments in the life sciences & aerospace industries, and growing demand for good-quality and standard products across the industry are driving the market growth.

Rising product safety and quality concerns across the globe are driving the growth of aerospace and life sciences TIC market

Regulatory bodies such as FDA and EMA in life sciences industry are strongly emphasizing on the product quality & safety. This creates pressure on the medical device/pharmaceutical and other life science products manufacturers to achieve the standard compilation such as testing, inspection, and certification. In the life science industry, some of the manufacturers have recalled the products due to the product contamination. For instance, in February 2018, Kareway Products, Inc (US) recalled Sterile Eye Irrigation Solution namely Gericare Eye Wash due to product contamination. Similarly, in February 2018, Apace Packaging LLC, recalled Acyclovir 400mg Tablets due to product mix-up. Such product issues are increasing concerns over product safety & quality from patients, physicians, and health authorities. This scenario is expected to support the necessity of TIC and expected to drive the growth of TIC market in Life sciences industry.

Furthermore, aerospace industry has shown tremendous growth over the last decade owing to developments in digital technologies and telecommunications. This further encourages the aircraft/spacecraft manufacturers to develop advanced aerospace products with increased safety & quality concerns, which further increases the necessity of TIC. Such developments & concerns are expected to drive the growth of TIC market in aerospace industry across the globe.

Increasing number of contracts/collaborations in aerospace & life sciences industries is expected to provide key opportunities for the growth of TIC market

Increasing number of contracts between government and companies in aerospace & life sciences industry are creating significant opportunities for companies operating in this space. For instance, in the US, Lockheed Martin (manufactures aerospace and defense equipment), Boeing Company (commercial plane manufacturer), and Northrop Grumman Corporation (builds spacecraft & military planes) have collaborated with government at national or regional level. Through such contracts, the aerospace companies are trying to increase the production of aircraft. Approximately, 38% growth has been recorded in aerospace related contracts between aerospace companies and government over the past five years which is expected to be more in the coming years.

In addition, the pharma/biopharma & medical device manufacturers are encouraging to build public-private partnerships/collaborations with governments which enable the manufacturers to support the development of new technologies and offer better solutions in life sciences and expand their production across the globe. For instance, in August 2018, GE Healthcare in support of Swedish government launched an innovation center to promote the commercialization of innovative technologies and enhance the manufacturing capabilities in life sciences which further support the testing of new products in the life sciences industry.

These contracts/collaborations in aerospace and life sciences industries are enabling the companies to improve product’s quality, safety, and help them to achieve standard regulatory compliance.


Key Findings in the Global Aerospace and Life Sciences TIC Market Study:

Inspections segment will witness the fastest growth in the services segment of the aerospace & life sciences TIC market during the forecast period (2019–2025)

Inspection involves the checking of products according to standard regulations/guidelines and particular specifications/requirements to achieve the product compliance. Inspection process reviews the appearance, structure, and functions related to the products and address the quality defects associated with the products prior reaching customers. This enables the products manufacturers to recheck the product features and helps the manufacturers to deliver highly efficient products to the customers and thereby increase customer support across the globe.

Growing number of product recalls due to product related issues, such as faulty components & parts in aerospace, product contamination & product mix up in life sciences, and improper inspection procedures have created the demand for inspection services in aerospace & life sciences industries.

In- house sourcing dominates the global aerospace & life sciences TIC market

TIC companies and product manufacturers have built their own in-house testing, inspection, and certification services and evaluate the safety, quality, & efficiency of the products in line with regulatory requirements. In-house testing is helpful to maintain higher visibility and higher degree of control over processes and improves the delivery performance. Moreover, disadvantages associated with outsourced services including unexpected hidden costs, like logistics costs and others is also enabling the manufacturers to focus more on in-house testing.

Life sciences industry dominates the global aerospace & life sciences TIC market

Life sciences industry is further segmented into biopharma/pharmaceutical & medical devices services; clinical & laboratory services; health, beauty & wellness; and others. Growing concerns over the safety & quality of medical implants and pharmaceutical & biopharmaceutical products, increased product recalls, strong recommendation from regulators to ensure the product quality & safety, rising demand of more efficient & safety personalized solutions, and growing consumption of organic source based high quality & safety food products are driving the growth of TIC market in life sciences industry.

Asia Pacific: The fastest growing regional market

Asia Pacific comprising of China, India, Korea, Japan, and Rest of Asia Pacific (RoAPAC) will witness the fastest growth during the forecast period (2019–2025). Factors such as strong support from the government to promote the development of aviation industry, growing number of aviation passengers, increasing initiatives to support innovative research and expand professional networks, growing number of small and medium enterprises (SME) in aerospace industry, rising funds/investments in life sciences, growing partnership programs, rapid urbanization and improved regulatory system, and increasing demand for low cost and high quality & safety products in life sciences industry are helping TIC services to experience significant growth in the APAC region.

Key Players

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 5 years (2015–2019). The key players profiled in the global Aerospace & Life sciences TIC market report are Eurofins Scientific, TUV SUD, SGS SA, ALS Limited, Applus+, TUV Nord, Intertek Group Plc, Bureau Veritas, DNV GL, and MISTRAS Group, Inc.

Scope of the Report:

Market by Service

  • Testing
  • Inspection
  • Certification

Market by Sourcing

  • In-house
  • Outsourcing

Market by Application

  • Life sciences
  • Biopharma/Pharmaceutical & Medical Devices Services
  • Clinical & Laboratory Services
  • Health, Beauty & Wellness
  • Others
  • Aerospace
  • Aerospace Manufacturing Services
  • Aviation Management Services
  • Others

Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia Pacific (APAC)
    • China
    • Japan
    • Korea
    • India
    • Rest of APAC (RoAPAC)
  • Latin America and Middle East Africa
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