Aerospace & Life Sciences TIC Market is expected to grow from USD 28.56 Billion in 2016 to USD 43.10 Billion by 2024, at a CAGR of 5.28% between 2017 and 2024. (Detailed analysis of the market CAGR is provided in the report).
Increasing incidents of product recall globally, enforcement of stringent government regulations and standards across various sectors, growing consumption of goods in emerging countries, and surge in global counterfeiting and piracy activities are the major factors driving the growth of aerospace and life sciences TIC market. However, different standards and regulations across geographies is the key factor restraining the market growth.
Further key findings from the report:
• From the sourcing type segment, aerospace & life sciences TIC market for outsourced sourcing type held the largest share of a market in 2016. Increased regulations to conduct in-house tests, make it costly to conduct in-house tests. Therefore demand for outsourcing methods in aerospace and life sciences TIC market is increased, as the outsourcing method offers cost-effective testing
• Testing services accounted for the largest share of aerospace & life sciences TIC market in 2016 owing to increasing demand for good-quality and standard products across various industries. It is necessary to ensure that the products have met the quality, performance, and safety related standards in order to increase the marketability of the products
• The aerospace & life sciences TIC market for medical & life sciences application accounted for the largest share in 2016. This can be attributed to increasingly stringent standards and regulations in medical & life sciences application. Applications in medical & life sciences such as clinical services, biopharmaceutical, and pharmaceutical services, and laboratory services are required to meet the highest levels of safety and reliability for the safety of consumers, this further drives the growth of medical and life sciences application
• North America held the largest share of the overall aerospace & life sciences TIC market in 2016. This can be attributed to increased demand from export-oriented developed economies and the high quality and standard of medical devices from this region. Additionally, clinical services, laboratory services, and medical services have increased demand for aerospace & life sciences TIC services, further contributing to the growth of a market
• Among geographical regions, APAC is anticipated to grow at the highest CAGR during the forecast period owing to increased demand for testing, inspection, and certification of medical devices and clinical research services in this region
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Key Highlights:
• Analysis of competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Aerospace & Life Sciences TIC Market
• The objective of the report is to provide a detailed analysis of the Aerospace & Life Sciences TIC Market on the basis of service type, sourcing type, application, and geography
• Complete quantitative analysis of the industry from 2017 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Analysis of the Aerospace & Life Sciences TIC Market with respect to individual growth trends, prospects, and contribution to the total market
• Segment wise business performance detailed in a report will be worthwhile for the organizations willing to enhance its business
• Provides detailed information regarding the major factors influencing the growth of the Aerospace & Life Sciences TIC Market (drivers, restraints, opportunities, and challenges)
• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business
Years that have been considered for the study are as follows:
• Base Year – 2016
• Estimated Year – 2017
• Forecast Period – 2017 to 2024
For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered
Research Methodology
Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Aerospace & Life Sciences TIC Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Aerospace & Life Sciences TIC Market globally.
Key Players in the Aerospace & Life Sciences TIC Market Are:
• SGS
• Intertek
• Bureau Veritas
• TUV SUD
• Eurofins Scientific
• TUV Rheinland
• DNV GL
• Applus+
• ALS Limited
• Mistras
• TUV Nord
• Element Materials Technology
• UL
• Gateway Analytical
• Avomeen Analytical Services
• Element Material Technology (Exova)
• Envigo
• Medistri
Key Target Audience:
• Raw Material and Testing Equipment Suppliers
• Original Equipment Manufacturers (OEMs)
• End-users/enterprise-users
• Research institutes and organizations
• Government bodies, venture capitalists, and private equity firms
• Market research and consulting firms
• Enterprise data center professionals
Scope of the report:
Research report categorizes the Aerospace & Life Sciences TIC Market based on service type, sourcing type, application and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Aerospace & Life Sciences TIC Market with key developments in companies and market trends.
Aerospace & Life Sciences TIC Market, By Service Type:
• Testing
• Inspection
• Certification
Aerospace & Life Sciences TIC Market, by Sourcing Type:
• In-House
• Outsourced
Aerospace & Life Sciences TIC Market, By Application:
• Aerospace
• Medical & Life Sciences
Aerospace & Life Sciences TIC Market, By Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
MAJOR TOC OF THE REPORT
Chapter One: Aerospace & Life Sciences TIC Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Aerospace & Life Sciences TIC Market Competition, by Players
Chapter Four: Global Aerospace & Life Sciences TIC Market Size by Regions
Chapter Five: North America Aerospace & Life Sciences TIC Revenue by Countries
Chapter Six: Europe Aerospace & Life Sciences TIC Revenue by Countries
Chapter Seven: Asia-Pacific Aerospace & Life Sciences TIC Revenue by Countries
Chapter Eight: South America Aerospace & Life Sciences TIC Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Aerospace & Life Sciences TIC by Countries
Chapter Ten: Global Aerospace & Life Sciences TIC Market Segment by Type
Chapter Eleven: Global Aerospace & Life Sciences TIC Market Segment by Application
Chapter Twelve: Global Aerospace & Life Sciences TIC Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Aerospace & Life Sciences TIC Market Report at: https://www.maximizemarketresearch.com/market-report/aerospace-life-sciences-tic-market/3112/
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