Aerospace and Life Sciences TIC Market

The report "Aerospace and life sciences TIC Market by Sourcing type (In-house and Outsourced services), Service Type (Testing, Inspection and Certification), Application (Aerospace and life sciences) and Region - Forecast to 2025", is projected to grow from USD 31.3 billion in 2020 to USD 37.8 billion in 2025, at a CAGR of 3.8%. The growth can be attributed to the rising demand for certification to ensure safety as the awareness of the consumers are increasing and to ensure product reliability.

Browse 206 market data Tables and 48 Figures spread through 207 Pages and in-depth TOC on "Aerospace and life sciences TIC Market by Sourcing type (In-house and Outsourced services), Service Type (Testing, Inspection and Certification), Application (Aerospace and life sciences) and Region - Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/certificate-testing-market-32924426.html

Outsourced Services, by scanning type, is expected to grow at the highest CAGR during the forecast period

The demand toward outsourcing by manufacturing companies, and in specific instances, the privatization of state-owned laboratories and criticality in the manufacturing of components and parts are expected to continue to be a robust factor driving the progress of the aerospace and life sciences TIC market for outsourced services.

Certification service, by service type, is expected to grow at the highest CAGR during the forecast period

The aerospace and life sciences TIC market for certification services is expected to grow at the highest CAGR as certification services help in streamlining the processes and growth, manage counterfeit products and helps in accessing to international markets for trade.

Medical devices application, is expected to grow at the highest CAGR during the forecast period

This unpredictable pandemic has required health systems to respond to urgent mobilization of resources to mitigate risks associated with this deadly virus. In the process, it has caused immense stress on the healthcare workforce and hospital infrastructure and has posed enormous demand for test kits, ventilators among other innovative medical and diagnostics interventions which has led to the

India, by country, is expected to grow at the highest CAGR during the forecast period

One of the major reasons for India’s domination of the market is the presence huge R&D facilities, top class pharmaceutical manufacturing companies and advanced supply chain. As India is helping and collaborating with many countries in order to curb the effect of COVID-19, the demand for medical devices, medicines and necessities has led to the growth of Indian market in the forecast period.

A few key players operating in the Indian market are TÜV SÜD (Germany), SGS (Switzerland), Bureau Veritas (France), Intertek (UK) and Eurofins Scientific (Luxembourg)

Don’t miss out on business opportunities in Aerospace and life sciences TIC Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]