HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: December 2017
Report Code: SE 3176

 

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The aerospace & life sciences TIC market is expected to increase from USD 28.77 Billion in 2016 to USD 41.60 Billion by 2023, at a CAGR of 5.34% between 2017 and 2023.

The years considered for the study are as follows:

  • Base Year: 2016
  • Estimated Year: 2017
  • Projected Year: 2023
  • Forecast Period: 2017–2023

The major objectives of the study are as follows:

  • Define, describe, and forecast the aerospace & life sciences Testing, Inspection, and Certification (TIC) market on the basis of service type, sourcing type, application, and geography
  • Forecast the market size, in terms of value, for various segments with regard to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) 
  • Provide detailed information regarding the major factors influencing the growth of the TIC market (drivers, restraints, opportunities, and challenges)
  • Analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the overall market
  • Study the complete value chain and allied industry segments, and perform a value chain analysis of the aerospace & life sciences TIC services landscape.
  • Analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the aerospace & life sciences TIC market
  • Profile the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders 
  • Analyze competitive developments such as partnerships and joint ventures, mergers and acquisitions, product developments, expansions, and research and development (R&D) in the aerospace & life sciences  TIC market

During this research study, major players of the aerospace & life sciences TIC ecosystem in various regions have been identified, and their offerings, regional presence, and distribution channels have been understood through in-depth discussions. To find the overall market size, top-down and bottom-up approaches have been used to estimate the market size of other individual markets by using percentage splits from secondary sources such as D&B Hoovers, Bloomberg Business, Factiva, and OneSource, as well as primary research. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interview of industry leaders such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The following figure shows the breakdown of the primaries on the basis of the company size, designation, and region conducted during the research study.

Testing Inspection and Certification (TIC) Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the aerospace & life sciences TIC market comprises a network of regulatory bodies, accreditation and standards organizations, third-party aerospace & life sciences TIC service providers, Research and Development (R&D) institutions, manufacturers, technology integrators, and distributors. Key companies in the aerospace and life sciences TIC market are SGS (Switzerland), Bureau Veritas (France), Intertek (UK), DEKRA (Germany), and TάV SάD (Germany). Prominent companies in the aerospace & life sciences TIC market includes the well-established, financially stable, and technical strong players that have been operating in the industry for several years and have diversified product portfolios, proprietary technologies, and strong distribution networks through collaborations and acquisitions.

Target Audience:

  • Raw Material and Testing Equipment Suppliers
  • Research Organizations
  • Original Equipment Manufacturers (OEMs)
  • Technology Standards Organizations, Forums, Alliances, and Associations
  • Technology Investors
  • Analysts and Strategic Business Planners
  • Government Bodies, Venture Capitalists, and Private Equity Firms
  • End users who want to know more about TIC and the latest standards in the TIC market

Report Scope:

By Service Type:

  • Testing Services
  • Inspection Services
  • Certification Services
  • Others (Auditing Services, Consulting Services, Technical Assistance & Training Services, Project Management Services, Asset Integrity Management Services, and Quality-Safety-Health-&-Environment Services)

By Sourcing Type:  

  • In-house
  • Outsourced

By Application:

  • Medical & Life Sciences
  • Aerospace

By Geography:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to the client’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further analysis of the aerospace & life sciences TIC market for additional countries

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Growth Opportunities in the Aerospace & Life Sciences TIC Market
    4.2 Aerospace & Life Sciences TIC Market, By Medical & Life Sciences Application
    4.3 North America: Aerospace & Life Sciences TIC Market, By Medical & Life Sciences Application
    4.4 Aerospace & Life Sciences TIC Market, By Aerospace Application
    4.5 Aerospace & Life Sciences TIC Market, By Geography

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for High-Quality Medical Devices in Life Sciences Application Across Developing Countries
                    5.2.1.2 Concerns Over Product Safety and Quality
           5.2.2 Restraints
                    5.2.2.1 Divergent Standards and Regulations for Aerospace & Life Sciences Applications Across Geographies
           5.2.3 Opportunities
                    5.2.3.1 Consolidation of Fragmented Markets
                    5.2.3.2 Growing Inclination Towards Outsourcing TIC Services
           5.2.4 Challenges
                    5.2.4.1 Long Lead-Time for Overseas Qualification Tests of Products

6 Aerospace & Life Sciences TIC Market, By Service Type (Page No. - 38)
    6.1 Introduction
    6.2 Testing
    6.3 Inspection
    6.4 Certification
    6.5 Others

7 Aerospace & Life Sciences TIC Market, By Sourcing Type (Page No. - 44)
    7.1 Introduction
    7.2 In-House
    7.3 Outsourced

8 Aerospace & Life Sciences TIC Market, By Application (Page No. - 68)
    8.1 Introduction
    8.2 Aerospace
           8.2.1 Aerospace Manufacturing Services
           8.2.2 Aviation Management Services
           8.2.3 Others
    8.3 Medical & Life Sciences
           8.3.1 Medical Devices
           8.3.2 Health, Beauty & Wellness
           8.3.3 Clinical Services
           8.3.4 Laboratory Services
           8.3.5 Biopharmaceutical & Pharmaceutical Services
           8.3.6 Others

9 Aerospace & Life Sciences TIC Market, By Region (Page No. - 81)
    9.1 Introduction
    9.2 North America
           9.2.1 Us
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Uk
           9.3.2 Germany
           9.3.3 France
           9.3.4 Italy
           9.3.5 Spain
           9.3.6 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 South Korea
           9.4.5 Australia
           9.4.6 Rest of APAC
    9.5 Rest of the World
           9.5.1 South America
           9.5.2 Middle East & Africa

10 Competitive Landscape (Page No. - 92)
     10.1 Overview
     10.2 Market Ranking
     10.3 Competitive Scenario
             10.3.1 New Service Launches
             10.3.2 Agreements
             10.3.3 Mergers and Acquisitions
             10.3.4 Expansions

11 Company Profiles (Page No. - 98)
(Business Overview, Services Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships)*
     11.1 SGS
     11.2 Bureau Veritas
     11.3 Intertek
     11.4 Eurofins Scientific
     11.5 TUV SUD
     11.6 DNV GL
     11.7 TUV Rheinland
     11.8 Applus+
     11.9 ALS Limited
     11.10 TUV Nord
     11.11 Mistras
     11.12 UL
     11.13 Element Materials Technology
     11.14 Key Innovators
             11.14.1 Avomeen Analytical Services
             11.14.2 Element Material Technology (Exova)
             11.14.3 Envigo
             11.14.4 Gateway Analytical
             11.14.5 Medistri

*Details on Business Overview, Services Offered, Strength of Service Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 147)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Report
     12.7 Author Details


List of Tables (71 Tables)

Table 1 Aerospace & Life Sciences TIC Market, By Service Type, 2014–2023 (USD Billion)
Table 2 Aerospace & Life Sciences TIC Market for Testing Services, By Application, 2014–2023 (USD Billion)
Table 3 Aerospace & Life Sciences TIC Market for Inspection Services, By Application, 2014–2023 (USD Billion)
Table 4 Aerospace & Life Sciences TIC Market for Certification Services, By Application, 2014–2023 (USD Billion)
Table 5 Aerospace & Life Sciences TIC Market for Other Service Types, By Application, 2014–2023 (USD Million)
Table 6 Aerospace & Life Sciences TIC Market, By Sourcing Type, 2014–2023 (USD Billion)
Table 7 Aerospace & Life Sciences TIC Market for In-House Sourcing Type, By Medical & Life Sciences Application, 2014–2023 (USD Billion)
Table 8 In-House Aerospace & Life Sciences TIC Market for Medical & Life Sciences Application, By Region, 2014–2023 (USD Billion)
Table 9 In-House Aerospace & Life Sciences TIC Market for Medical & Life Sciences Application in North America, By Country, 2014–2023 (USD Million)
Table 10 In-House Aerospace & Life Sciences TIC Market for Medical & Life Sciences Application in Europe, By Country, 2014–2023 (USD Million)
Table 11 In-House Aerospace & Life Sciences TIC Market for Medical & Life Sciences Application in APAC, By Country, 2014–2023 (USD Million)
Table 12 In-House Aerospace & Life Sciences TIC Market for Medical & Life Sciences Application in RoW, By Region, 2014–2023 (USD Million)
Table 13 In-House Aerospace & Life Sciences TIC Market for Medical Devices, By Region, 2014–2023 (USD Million)
Table 14 In-House Aerospace & Life Sciences TIC Market for Health, Beauty & Wellness, By Region, 2014–2023 (USD Million)
Table 15 In-House Aerospace & Life Sciences TIC Market for Clinical Services, By Region, 2014–2023 (USD Million)
Table 16 In-House Aerospace & Life Sciences TIC Market for Laboratory Services, By Region, 2014–2023 (USD Million)
Table 17 In-House Aerospace & Life Sciences TIC Market for Biopharmaceutical and Pharmaceutical Services, By Region, 2014–2023 (USD Million)
Table 18 In-House Aerospace & Life Sciences TIC Market for Other Medical & Life Sciences Application, By Region, 2014–2023 (USD Million)
Table 19 Aerospace & Life Sciences TIC Market for In-House Sourcing Type, By Aerospace Application, 2014–2023 (USD Billion)
Table 20 In-House Aerospace & Life Sciences TIC Market for Aerospace Application, By Region, 2014–2023 (USD Million)
Table 21 In-House Aerospace & Life Sciences TIC Market for Aerospace Application in North America, By Country, 2014–2023 (USD Million)
Table 22 In-House Aerospace & Life Sciences TIC Market for Aerospace Application in Europe, By Country, 2014–2023 (USD Million)
Table 23 In-House Aerospace & Life Sciences TIC Market for Aerospace Application in APAC, By Country, 2014–2023 (USD Million)
Table 24 In-House Aerospace & Life Sciences TIC Market for Aerospace Application in RoW, By Region, 2014–2023 (USD Million)
Table 25 In-House Aerospace & Life Sciences TIC Market for Aerospace Manufacturing Services, By Region, 2014–2023 (USD Million)
Table 26 In-House Aerospace & Life Sciences TIC Market for Aviation Management Services, By Region, 2014–2023 (USD Million)
Table 27 In-House Aerospace & Life Sciences TIC Market for Other Aerospace Applications, By Region, 2014–2023 (USD Million)
Table 28 Outsourced Aerospace & Life Sciences TIC Market, By Medical & Life Sciences Application, 2014–2023 (USD Billion)
Table 29 Outsourced Aerospace & Life Sciences TIC Market for Medical & Life Sciences Application, By Region, 2014–2023 (USD Billion)
Table 30 Outsourced Aerospace & Life Sciences TIC Market for Medical & Life Sciences in North America, By Country, 2014–2023 (USD Million)
Table 31 Outsourced Aerospace & Life Sciences TIC Market for Medical & Life Sciences Application in Europe, By Country, 2014–2023 (USD Million)
Table 32 Outsourced Aerospace & Life Sciences TIC Market for Medical & Life Sciences Application in APAC, By Country, 2014–2023 (USD Million)
Table 33 Outsourced Aerospace & Life Sciences TIC Market for Medical & Life Sciences Application in RoW, By Region, 2014–2023 (USD Million)
Table 34 Outsourced Aerospace & Life Sciences TIC Market for Medical Devices, By Region, 2014–2023 (USD Million)
Table 35 Outsourced Aerospace & Life Sciences TIC Market for Health, Beauty & Wellness, By Region, 2014–2023 (USD Million)
Table 36 Outsourced Aerospace & Life Sciences TIC Market for Clinical Services, By Region, 2014–2023 (USD Million)
Table 37 Outsourced Aerospace & Life Sciences TIC Market for Laboratory Services, By Region, 2014–2023 (USD Million)
Table 38 Outsourced Aerospace & Life Sciences TIC Market for Biopharmaceutical and Pharmaceutical Services, By Region, 2014–2023 (USD Million)
Table 39 Outsourced Aerospace & Life Sciences TIC Market for Other Medical & Life Sciences Application, By Region, 2014–2023 (USD Million)
Table 40 Aerospace & Life Sciences TIC Market for Outsourced Sourcing Type, By Aerospace Application, 2014–2023 (USD Million)
Table 41 Outsourced Aerospace & Life Sciences TIC Market for Aerospace Application, By Region, 2014–2023 (USD Million)
Table 42 Outsourced Aerospace & Life Sciences TIC Market for Aerospace Application in North America, By Country, 2014–2023 (USD Million)
Table 43 Outsourced Aerospace & Life Sciences TIC Market for Aerospace Application in Europe, By Country, 2014–2023 (USD Million)
Table 44 Outsourced Aerospace & Life Sciences TIC Market for Aerospace Application in APAC, By Country, 2014–2023 (USD Million)
Table 45 Outsourced Aerospace & Life Sciences TIC Market for Aerospace Application in RoW, By Region, 2014–2023 (USD Million)
Table 46 Outsourced Aerospace & Life Sciences TIC Market for Aerospace Manufacturing Services, By Region, 2014–2023 (USD Million)
Table 47 Outsourced Aerospace & Life Sciences TIC Market for Aviation Management Services, By Region, 2014–2023 (USD Million)
Table 48 Outsourced Aerospace & Life Sciences TIC Market for Other Aerospace Application, By Region, 2014–2023 (USD Million)
Table 49 Aerospace & Life Sciences TIC Market, By Application, 2014–2023 (USD Billion)
Table 50 Aerospace & Life Sciences TIC Market, By Aerospace Application, 2014–2023 (USD Billion)
Table 51 Aerospace & Life Sciences TIC Market for Aerospace Manufacturing Services, By Sourcing Type, 2014–2023 (USD Billion)
Table 52 Aerospace & Life Sciences TIC Market for Aviation Management Services, By Sourcing Type, 2014–2023 (USD Billion)
Table 53 Aerospace & Life Sciences TIC Market for Other Aerospace Application, By Sourcing Type, 2014–2023 (USD Million)
Table 54 Aerospace & Life Sciences TIC Market for Medical Devices, By Medical & Life Sciences Application, 2014–2023 (USD Billion)
Table 55 Aerospace & Life Sciences TIC Market for Medical Devices, By Technology, 2014–2023 (USD Million)
Table 56 Aerospace & Life Sciences TIC Market for Medical Devices, By Sourcing Type, 2014–2023 (USD Billion)
Table 57 Aerospace & Life Sciences TIC Market for Health, Beauty & Wellness, By Sourcing Type, 2014–2023 (USD Billion)
Table 58 Aerospace & Life Sciences TIC Market for Clinical Services, By Sourcing Type, 2014–2023 (USD Billion)
Table 59 Aerospace & Life Sciences TIC Market for Laboratory Services, By Sourcing Type, 2014–2023 (USD Billion)
Table 60 Aerospace & Life Sciences TIC Market for Biopharmaceutical and Pharmaceutical Services, By Sourcing Type, 2014–2023 (USD Billion)
Table 61 Aerospace & Life Sciences TIC Market for Other Medical & Life Sciences Application, By Sourcing Type, 2014–2023 (USD Million)
Table 62 Aerospace & Life Sciences TIC Market, By Region, 2014–2023 (USD Billion)
Table 63 Aerospace & Life Sciences TIC Market in North America, By Country, 2014–2023 (USD Billion)
Table 64 Aerospace & Life Sciences TIC Market in Europe, By Country, 2014–2023 (USD Billion)
Table 65 Aerospace & Life Sciences TIC Market in APAC, By Country, 2014–2023 (USD Billion)
Table 66 Aerospace & Life Sciences TIC Market in RoW, By Region, 2014–2023 (USD Billion)
Table 67 Market Ranking of the Top 5 Players in Aerospace & Life Sciences TIC Market, 2016
Table 68 New Service Launches (2015–2017)
Table 69 Agreements (2015–2017)
Table 70 Mergers and Acquisitions (2015-2017)
Table 71 Expansions (2016–2017)


List of Figures (32 Figures)

Figure 1 Market Segmentation
Figure 2 Process Flow of Market Size Estimation
Figure 3 Aerospace & Life Sciences TIC Market: Research Design
Figure 4 Data Triangulation
Figure 5 Aerospace & Life Sciences TIC Market, By Application, 2017 vs 2023 (USD Billion)
Figure 6 Aerospace & Life Sciences TIC Market, By Service Type, 2017 vs 2023 (USD Billion)
Figure 7 Aerospace & Life Sciences TIC Market, By Sourcing Type, 2017 vs 2023, (USD Billion)
Figure 8 North America Estimated to Lead the Aerospace & Life Sciences TIC Market in 2017
Figure 9 Growing Concerns for Product Quality and Safety to Propel Growth in the Market
Figure 10 Medical Devices Application to Lead the Aerospace & Life Sciences TIC Market During the Forecast Period
Figure 11 Medical Devices Estimated to Hold the Largest Share of the Medical & Life Science TIC Market in North America in 2017
Figure 12 Aviation Management Services to Be the Largest Aerospace Application By 2023
Figure 13 US Estimated to Hold the Largest Share of the Aerospace & Life Sciences TIC Market in 2017
Figure 14 Market Dynamics: Overview
Figure 15 Testing Services is Expected to Grow at the Highest Rate During the Forecast Period
Figure 16 Medical Devices Application is Expected to Grow at Highest CAGR in In-House Aerospace & Life Sciences TIC Market, By Medical & Life Science Application During the Forecast Period
Figure 17 Geographic Snapshot: Rapidly Growing Countries, Such as India and China are Emerging as Potential New Markets
Figure 18 Market Snapshot: North America
Figure 19 Market Snapshot: Asia Pacific
Figure 20 Key Development By Leading Players in Aerospace & Lifesciences TIC Market Between 2013-2017
Figure 21 Market Evolution Framework — Mergers and Acquisitions Was the Major Growth Strategy Adopted By the Key Players Between 2013 and 2017
Figure 22 SGS: Company Snapshot
Figure 23 Bureau Veritas: Company Snapshot
Figure 24 Intertek: Company Snapshot
Figure 25 Eurofins Scientific: Company Snapshot
Figure 26 TUV SUD: Company Snapshot
Figure 27 DNV GL: Company Snapshot
Figure 28 TUV Rheinland: Company Snapshot
Figure 29 Applus+: Company Snapshot
Figure 30 ALS Limited: Company Snapshot
Figure 31 TUV Nord: Company Snapshot
Figure 32 Mistras: Company Snapshot

The aerospace & life sciences Testing, Inspection, and Certification (TIC) market is expected to increase from USD 30.45 Billion in 2017 to USD 41.60 Billion by 2023, at a CAGR of 5.34% between 2017 and 2023. The growth of this market is mainly driven by growing consumption of goods in emerging countries, increasing incidents of product recalls globally, the surge in global counterfeiting and piracy activities, and the imposition of rigorous government regulations and standards across various sectors.

The aerospace & life sciences TIC market for testing services accounted for the largest share in 2016. There is an increasing demand for testing services in most applications owing to the rising demand for good-quality and standard products across the industry. Manufacturers are required to ensure the products have met the quality, technical, safety, and performance regulatory standards to increase the marketability of their products.

The 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 and become mandatory for certain category of products.

The aerospace & life sciences TIC market for the medical & life sciences application held the largest share in 2016. The medical & life sciences industry is subject to a variety of stringent regulations, standards, and legislation. The medical & life sciences application includes medical devices, health, beauty & wellness, clinical services, laboratory services, and biopharmaceutical and pharmaceutical services. These industries are required to meet the highest levels of safety and reliability for the safety of consumers and assets.

By region, North America accounted for the largest share of the aerospace & life sciences TIC market in 2016, owing to increased demand from export-oriented developed economies and the high quality and standard of medical devices from the region. North America also invests heavily in the aerospace and healthcare sectors. Major application of TIC services in these countries include medical devices, clinical services, and laboratory services.  These applications have a significant demand for aerospace & life sciences TIC services, which would help them to comply with international standards.

Testing Inspection and Certification (TIC) Market

Divergent standards and regulations across geographies is the restraining factor for the growth of the aerospace & life sciences TIC market.

SGS (Switzerland) is one of the leading companies in the aerospace & life sciences TIC market, followed by Bureau Veritas (France). SGS is highly focused on its continued growth through acquisitions, strategic partnerships, and expansions to gain a competitive advantage. Bureau Veritas focuses on acquiring small companies. It has acquired more than 100 companies in the past 10 years.

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