Testing, Inspection and Certification Market

Testing, Inspection and Certification Market with COVID-19 Impact Analysis by Service Type (Testing, Inspection, Certification), Sourcing Type (In-House, Outsourcing), Application and Geography - Global Forecast to 2026

Report Code: SE 3611 Aug, 2021, by marketsandmarkets.com

[471 Pages Report] The Testing, Inspection and Certification Market size is expected to reach USD $249.4 billion by 2026 from $207.2 billion in 2021, at a CAGR of 3.8% during the forecast period.

APAC has the largest market share for testing, inspection and certification and also has the highest growth rate and is expected to grow at the highest CAGR during the forecast period. The driver for the growth of the TIC market in APAC is the growing inclination of manufacturers to produce aerospace and aeronautical components, electrical and electronic products, and heavy machinery and equipment. Globalization has led to the standardization of products and goods used in the food & beverages, electronics, and automotive industries. The development of transport ways, such as water and road, has helped improve respective carriages and the standard of infrastructure required for the running and maintenance of modes of transport. TIC players are increasing their horizon by setting up their testing labs in APAC countries as the potential of APAC countries in applications such as consumer electronics and goods, automobiles, renewable energy solutions is depicting a double-digit growth.

The market is experiencing growth due to the adoption of advanced technologies in the industrial, healthcare, and consumer electronics sectors and the introduction of new services and solutions such as virtual inspections, visual inspection, and remote auditing in the middle of the COVID-19 pandemic. Particularly in the healthcare sector, TIC services are adopted in pharmaceutical, diagnostics, medical devices, clinical research, and digital health applications, which have been at the forefront in the battle against the COVID-19 pandemic. Pharma companies are developing drugs, antidotes, and vaccines to fight against the virus. Companies are even developing new test services to measure the severity of COVID-19 infection and treat patients. Various countries are spending huge amounts on the treatment of their citizens and R&D for vaccines. Skilled doctors, scientists, biologists, medical experts, nurses, and other life sciences professionals are leading major research programs worldwide. The COVID-19 pandemic has made many countries aware that their budgets toward the healthcare industry are not enough. They have to increase their spending to safeguard the world’s population from the ongoing crisis and such crises in the future. Life sciences companies need to work closely with various regulators and policymakers through empowered working groups to drive investments, growth, and jobs.

Testing, Inspection and Certification Market

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Market Dynamics:

Driver: Increasing focus of manufacturing companies to improve customer retention by offering quality products

Quality products help companies not only to achieve customer satisfaction and retention but also to reduce the risk and costs associated with product recalls. Companies gain a competitive edge by following quality management standards. Additionally, major certifications offered by recognized and credible authorities help such companies to improve their business creditability and overall efficiency. Companies communicate with customers via adverts and marketing strategies through which they assure customers about product quality. As a result, many people go for branded and certified products. Thus, branded companies earn better revenues. Moreover, governments encourage the use of certified products and services to ensure the safety of people. For instance, food product companies in India having the FSSAI certification authenticate that their products are manufactured under strict regulations and are safe to consume. Thus, the strong focus of manufacturing companies to deliver high-quality goods and services to sustain their market position has helped TIC players to capture almost all industries.

Restraint: High cost of TIC services due to diverse standards and regulations across different geographies

With internationalism in trades and businesses, distinct local regulations and standards are likely to create barriers to accepting products internationally. This creates conflicts between the local and international standards, thereby hindering the market growth. Variations in regulatory standards across different geographies lead to discrepancies in tax rates, thereby incurring additional costs from companies (hiring local staff to handle tax-related issues). TIC companies are subject to local laws and have to abide by the regulations and norms of countries in which they operate; this may hamper their efficiency. Also, the risk related to the standardization and quality of testing and certification services provided by TIC companies always exists.

Additionally, safety, emission, and fuel efficiency standards vary globally, especially in the US and Europe. The US and the EU have introduced a variety of anti-pollution policies to address the impact of pollutants, including carbon monoxide, nitrogen oxide, and non-methane organic oxides, on air quality. Permissible levels of emissions in the EU are different from those in the US. Automakers operating in the US must meet the Corporate Average Fuel Economy (CAFE) standards enforced by the National Highway Traffic Safety Administration (NHTSA). The EU does not directly set the fuel economy standards; however, greenhouse gas emission levels of new vehicles are regulated. Automobile manufacturers have developed personalized internal standards, which take care of the safety requirements of all geographic markets they operate in.

Thus, the presence of multiple rules and regulations across different countries further increases the associated costs of TIC services. This is because the product subjected to TIC services is required to pass all of the varied tests and market requirements of the respective governments. Moreover, specialized professionals are required to assess the products and perform tests following the regulations and directives applicable to the device under test so that the product will be widely accepted when shipped. Also, with changes in designs, features, and complexity of products, their manufacturing processes change. This leads to a constant change in prices and testing methods, which, in turn, increases the cost of TIC services.

Opportunity: Digital transformation of customer services

In 2020, consumers preferred shifting to the digital world, virtually in a variety of businesses, such as marketing, automation, customer relationship management (CRM) projects, social collaboration initiatives, and business process optimization efforts. The data is always being tracked and monitored for learning purposes. The data fetched from the people has to be safe and reliable; hence, countries are imposing several stringent regulations. For instance, China boosted its e-commerce regulations in early 2019 to counter online fraud and safeguard consumers. Similarly, new regulations across digital marketing and e-commerce applications would aim to formalize vendors and product verification and validation processes for the platforms that host them. To achieve the scale needed for compliance, e-commerce giants are expected to require assistance and consulting from TIC service providers to tackle challenges with respect to data privacy, trade, automation, and many others.

Challenge: Adoption of advanced technologies by smaller TIC players

Globalization has led to the penetration of multiple technologies across different end-use applications, for example, the use of robotic process automation in manufacturing, machine learning (ML) in digital marketing, artificial intelligence (AI) for chat boxes, and digital twin for customer experience. Technology has brought numerous changes in day-to-day operations and activities for personal and professional uses. This incredible pace of technology-driven change and the profound impact that technology has on different businesses is commendable. Technologies such as cognitive, blockchain, cybersecurity, and AR/VR are expected to become macro forces and will directly impact the way TIC players perceive the market today. The digital experience is expected to bring new market challenges in the near future for TIC players. For example, the augmented reality (AR) and virtual reality (VR) testing ecosystem is experiencing an increasingly competitive consumer landscape; brands are continuously trying to differentiate their products and services from the products and services offered by their competitors and drive more customer engagement. Testing of the AR/VR technology is a challenge due to the presence of an immersive component that makes any automated or lab testing difficult. Hardware testing is critical for VR devices. This testing helps manufacturers to ensure that the device is working properly, fits in the body of the target demographic, and is compatible with other devices needed to run the simulation. However, the adoption of testing, inspection, and certification services based on evolving technologies creates a challenge for smaller players operating in the TIC ecosystem because companies need to upgrade their TIC solutions and services, which requires huge capital to continuously carry out research and development activities.

In applications, the consumer goods and retail segment is projected to hold the largest share of the testing, inspection and certification market

The consumer goods and retail segment accounted for the largest share of the testing, inspection and certification market in 2020. In a highly regulated marketplace, manufacturing and retailing activities are no longer limited to producing and selling goods. Third-party quality assessment agencies/laboratories are gaining traction worldwide as they provide the necessary expertise to ensure the quality and safety of products. Digital transformation of industries has led to their overall reshaping, thereby reforming testing, inspection, and certification methods. Presently, customers and clients face new types of risks in the form of duplication of technologies, usage of below standard components in different equipment, adulteration in food and food ingredients, etc. These risks have led to significant disruptions in the way services are being delivered to customers. For instance, Bureau Veritas has come up with platforms such as QuikTrak, the largest qualified inspector marketplace, and LEAD, for the digital sales and delivery of certification audits and tools, as well as for carrying out training programs. New tech-enabled TIC services harness cutting-edge technologies such as IoT, robotics, and analytics to transform the way services are delivered to customers. This has enabled TIC companies to remain highly proactive and predictive in response.

The in-house services segment, in market by sourcing type, of the testing, inspection and certification market is projected to hold a larger share during the forecast period

In-house testing services provide companies complete control over the entire process. This type of testing is conducted by companies who have core business expertise in such services. To perform in-house TIC activities, a company must build in-house capabilities in terms of technology, testing and measurement equipment, and skilled personnel. Approximately 60% of the TIC services are conducted in-house. This process is particularly evident in applications such as life sciences, utilities, and public sectors. The third-party TIC service is a cost-effective conformity assessment method that drives higher levels of compliance. It ensures greater consumer satisfaction with safer products, helps government agencies improve efficiencies and manage their market surveillance resources. It also helps manufacturers reduce in-house compliance costs and navigate global market requirements more easily. Operations carried out by companies offering in-house and outsourced TIC services may vary from application to application. Owing to the criticality of applications, industries such as the public sector and mining prefer in-house services rather than opting for outsourced TIC services. On the other hand, for applications in consumer goods and environmental industries, outsourced TIC services have a higher demand.

Testing, Inspection and Certification Market by Region

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The testing, inspection and certification market in APAC is projected to have the highest CARG during the forecast period (2021-2026)
The TIC market in APAC is expected to have the highest CAGR during the forecast period. High dependence of many European and American countries on APAC-based companies for medical devices, personal protection equipment (PPE) kits, pharmaceuticals, and other necessary equipment, increased research and development in the field of autonomous and connected cars (new and improved technologies), and improved lifestyles are the crucial factors driving the TIC market growth in APAC. Increased investments in R&D are leading to the expansion of application areas of TIC services in the automotive sector in North America, especially in the US. Considering huge manufacturing capabilities and exports, the APAC region is projected to account for the largest size of the TIC market. Many economically advanced countries have their manufacturing units in developing economies of APAC, especially in China and India. These units are required to manufacture products in compliance with internationally accepted standards. The domestic markets in APAC are growing rapidly owing to the rising per capita income among the middle-class population. Moreover, there is growing consumer awareness about the importance of certification. More than 45 countries, including China, Japan, India, Hong Kong, Taiwan, Singapore, Thailand, and Australia, are taken into consideration for the analysis of the TIC market in APAC.

Top Key Players of testing, inspection, and certification Market:

  • SGS (Switzerland),
  • Bureau Veritas (France),
  • Intertek (UK),
  • TάV NORD (Germany),
  • TάV SάD (Germany),
  • Eurofins Scientific (Luxembourg), and..

NTS (US), TάV RHEINLAND (Germany), CETECOM (Germany), DEKRA SE (Germany), DNV GL (Norway), Element Materials Technology (UK), Mistras (US), ALS Limited (Australia), Applus+ (Spain) and UL (US).

Testing, Inspection and Certification (TIC) Market Size and Scope

Report Metric

Details

Market Size Available for Years

2018–2026

Forecast Period

2021–2026

Forecast Unit

Value (USD Million )

Segments Covered

Sourcing Type, Service Type, Application and Region

Base Year

2020

Recent Developments:

  1. In June 2021, SGS launched online Alpaca Fleece Testing Services in New Zealand, dedicated to the specific needs of breeders and farmers. Fleece testing technology allows breeders to track the overall progress of its selection programs. The determination of average fiber diameter can be used to identify the best end use for the fiber and also provides key information for purchasing decisions.
  2. In April 2021, Intertek announced the launch of a new suite of transaction due diligence solutions to support clients in their evaluation of quality, safety, sustainability, and regulatory risks throughout all stages of an investment, from acquisition, integration, and operational transformation to divestment or IPO.
  3. In December 2020, Bureau Veritas launched a complete portfolio of services dedicated to Electric Vehicle Charging Stations (EVCS), covering the full lifecycle—from design, construction, and commissioning to operations.
  4. In December 2020, DEKRA Organisational and Process Safety partnered with Saudi Binladin Group to fast-track progress toward becoming a world leader in safety performance.
  5. In September 2020, DNV GL and WattTime (US), a provider of technology solutions to achieve emission reductions, jointly announced a strategic partnership to incorporate WattTime’s emissions intelligence into DNV GL’s expertise in energy management and digital services for renewables, storage, and efficiency.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 41)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 TIC MARKET
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 46)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from 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
                    2.1.2.4 Key participants in primary processes across TIC value chain
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 PROCESS FLOW OF MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market size by bottom-up analysis
                               FIGURE 4 TIC MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market size by top-down analysis
                               FIGURE 5 TIC MARKET: TOP-DOWN APPROACH
           2.2.3 SUPPLY-SIDE ANALYSIS
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY MARKET PLAYERS IN TESTING, INSPECTION, AND CERTIFICATION MARKET
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.4 RISK ASSESSMENT
           TABLE 1 RISKS
    2.5 LIMITATIONS
           TABLE 2 STUDY LIMITATIONS
    2.6 RESEARCH ASSUMPTION
           TABLE 3 STUDY ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 57)
    3.1 EXECUTIVE SUMMARY
    3.2 SCENARIO ANALYSIS
           FIGURE 8 IMPACT OF COVID-19 ON GLOBAL TIC MARKET
           3.2.1 REALISTIC SCENARIO (POST-COVID-19)
           3.2.2 PESSIMISTIC SCENARIO (POST-COVID-19)
           3.2.3 OPTIMISTIC SCENARIO (POST-COVID-19)
                    FIGURE 9 TIC MARKET, BY SERVICE TYPE, 2021
                    FIGURE 10 TIC MARKET, BY APPLICATION, 2021 VS. 2026
                    FIGURE 11 TIC MARKET SHARE, BY REGION, 2020

4 PREMIUM INSIGHTS (Page No. - 62)
    4.1 INTRODUCTION OF INNOVATIVE TIC SERVICES IN RECENT TIMES HAS HELPED GOVERNMENT AGENCIES TO DISCOURAGE FAKE PRODUCTS
           FIGURE 12 PRODUCT STANDARDIZATION NORMS AND PENETRATION OF ADVANCED TECHNOLOGIES ACROSS MULTIPLE INDUSTRIES TO LEAD TIC MARKET GROWTH DURING FORECAST PERIOD
    4.2 TIC MARKET, BY SOURCING TYPE
           FIGURE 13 IN-HOUSE SERVICES TO HOLD LARGER SHARE OF TIC MARKET THAN OUTSOURCED SERVICES IN 2021
    4.3 TIC MARKET, BY APPLICATION
           FIGURE 14 CONSUMER GOODS AND RETAIL APPLICATION TO ACCOUNT FORLARGEST SIZE OF TIC MARKET IN 2021
    4.4 TIC MARKET, BY MEDICAL AND LIFE SCIENCES APPLICATION
           FIGURE 15 MEDICAL DEVICES TO CAPTURE LARGEST SIZE OF TIC MARKET FOR MEDICAL AND LIFE SCIENCES APPLICATION IN 2026
    4.5 TIC MARKET, BY REGION
           FIGURE 16 APAC TO EXHIBIT HIGHEST CAGR IN TIC MARKET DURING 2021–2026

5 MARKET OVERVIEW (Page No. - 65)
    5.1 INTRODUCTION
    5.2 VALUE CHAIN ANALYSIS
           FIGURE 17 VALUE CHAIN ANALYSIS: TIC MARKET
    5.3 MARKET DYNAMICS
           FIGURE 18 TIC MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.3.1 DRIVERS
                    5.3.1.1 Increasing focus of manufacturing companies to improve customer retention by offering quality products
                    5.3.1.2 Surging demand for interoperability testing for connected devices and IoT
                    5.3.1.3 Growing indulgence in unlawful trade of counterfeit and flawed pharmaceutical products
                               FIGURE 19 PERCENTAGE OF SEIZED FAKE PHARMACEUTICAL PRODUCTS (2016)
           5.3.2 RESTRAINTS
                    5.3.2.1 High cost of TIC services due to diverse standards and regulations across different geographies
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Digital transformation of customer services
                    5.3.3.2 Rapid adoption of breakthrough technologies
           5.3.4 CHALLENGES
                    5.3.4.1 Adoption of advanced technologies by smaller TIC players
                               FIGURE 20 TIC MARKET: ECOSYSTEM
                               TABLE 4 TIC MARKET: ROLE ACROSS VALUE CHAIN
    5.4 LIST OF KEY EMERGING/UPCOMING SERVICES
           TABLE 5 UPCOMING TIC SERVICES
    5.5 DEMAND-SIDE ANALYSIS
           5.5.1 MARKET PENETRATION OF KEY SERVICES IN DEMAND POST-COVID
                    FIGURE 21 KEY SERVICES MARKET PENETRATION
    5.6 LIST OF KEY PLAYERS OFFERING NEW SERVICES
           FIGURE 22 KEY TIC MARKET PLAYERS WITH NEW OR IMPROVED SERVICE OFFERINGS, 2020
    5.7 TIC MARKET HOTBEDS, 2026
           FIGURE 23 TIC MARKET GROWTH AREAS, 2026
    5.8 REVENUE SHIFT AND NEW REVENUE POCKETS FOR TIC MARKET PLAYERS
           FIGURE 24 REVENUE SHIFT IN TIC MARKET
    5.9 REGULATORY BODIES
    5.10 SERVICE PROVIDERS
    5.11 END USERS
    5.12 PORTER’S FIVE FORCES ANALYSIS
                    TABLE 6 PORTER’S FIVE FORCES ANALYSIS WITH THEIR WEIGHTED IMPACT, 2020
           5.12.1 THREAT OF NEW ENTRANTS
           5.12.2 THREAT OF SUBSTITUTES
           5.12.3 BARGAINING POWER OF SUPPLIERS
           5.12.4 BARGAINING POWER OF BUYERS
           5.12.5 COMPETITIVE RIVALRY
    5.13 TECHNOLOGY ANALYSIS
           5.13.1 TIC MARKET
           5.13.2 SUBSTITUTE TECHNOLOGY
    5.14 KEY INDUSTRY TRENDS
                    TABLE 7 MAJOR TRENDS IN TIC MARKET
    5.15 PRICING ANALYSIS
                    TABLE 8 COST ESTIMATION FOR DIFFERENT STAGES OF EMC TESTING
    5.16 PATENT ANALYSIS
                    TABLE 9 IMPORTANT INNOVATIONS AND PATENT REGISTRATION, 2012–2020
    5.17 TRADE ANALYSIS
           5.17.1 EXPORT SCENARIO OF INSTRUMENTS AND APPLIANCES USED IN MEDICAL, SURGICAL, DENTAL, OR VETERINARY SCIENCES
                    FIGURE 25 EXPORT OF INSTRUMENTS AND APPLIANCES USED IN MEDICAL, SURGICAL, DENTAL, OR VETERINARY SCIENCES, 2015–2019
                    TABLE 10 EXPORT SCENARIO FOR HS CODE: 9018-COMPLIANT PRODUCTS, BY COUNTRY, 2015–2019 (USD THOUSAND)
           5.17.2 IMPORT SCENARIO OF INSTRUMENTS AND APPLIANCES USED IN MEDICAL, SURGICAL, DENTAL, OR VETERINARY SCIENCES
                    FIGURE 26 IMPORT OF INSTRUMENTS AND APPLIANCES USED IN MEDICAL, SURGICAL, DENTAL, OR VETERINARY SCIENCES, 2015–2019
                    TABLE 11 IMPORT SCENARIO FOR HS CODE: 9018-COMPLIANT PRODUCTS, BY COUNTRY, 2015–2019 (USD THOUSAND)
    5.18 IMPORTANT REGULATIONS IN TIC MARKET
    5.19 COVID-19 IMPACT ANALYSIS
           5.19.1 IMPACT ON VALUE CHAIN
                    5.19.1.1 Impact on market
                    5.19.1.2 Expected impact analysis
                    5.19.1.3 Pre- and Post-COVID Impact Analysis
                               5.19.1.3.1 Global COVID Impact Analysis
                               5.19.1.3.2 COVID impact analysis: TIC market in North America
                               FIGURE 27 TIC MARKET IN NORTH AMERICA: IMPACT OF COVID
                               5.19.1.3.3 COVID impact analysis: TIC market in Europe
                               FIGURE 28 TIC MARKET IN EUROPE: IMPACT OF COVID
                               5.19.1.3.4 COVID impact analysis: TIC market in APAC
                               FIGURE 29 TIC MARKET IN APAC: IMPACT OF COVID
                               5.19.1.3.5 COVID impact analysis: TIC market in RoW
                               FIGURE 30 TIC MARKET IN ROW: IMPACT OF COVID
    5.20 CASE STUDY ANALYSIS
           5.20.1 PIPELINES AND PLATFORMS
                    5.20.1.1 Applus+ adopted inspection services for its customized remote visual tanks and pipelines
           5.20.2 STEEL MANUFACTURING
                    5.20.2.1 TάV SάD helped manufacturing company with specific inspection services
           5.20.3 GAS SUPPLIES
                    5.20.3.1 Element provides niche testing and assurance services to Airbus company

6 TIC MARKET, BY SERVICE TYPE (Page No. - 93)
    6.1 INTRODUCTION
           FIGURE 31 TESTING SERVICES CONTINUE TO DOMINATE TIC MARKET DURING FORECAST PERIOD
           TABLE 12 TIC MARKET, BY SERVICE TYPE, 2017–2020 (USD BILLION)
           TABLE 13 TIC MARKET, BY SERVICE TYPE, 2021–2026 (USD BILLION)
    6.2 TESTING
           6.2.1 INCREASED NEED TO TEST MEDICAL DEVICES DRIVES DEMAND FOR TESTING SERVICES
    6.3 INSPECTION
           6.3.1 ESCALATED DEMAND FOR ESSENTIAL COMMODITIES TO BOOST GROWTH OF MARKET FOR INSPECTION SERVICES
    6.4 CERTIFICATION
           6.4.1 PRODUCT MARKETABILITY CAN BE ACHIEVED THROUGH CERTIFICATION SERVICES
    6.5 OTHERS

7 TIC MARKET, BY SOURCING TYPE (Page No. - 99)
    7.1 INTRODUCTION
           FIGURE 32 IN-HOUSE TIC SERVICES TO ACCOUNT FOR LARGER MARKET SIZE GLOBALLY IN 2021
           TABLE 14 TIC MARKET, BY SOURCING TYPE, 2017–2020 (USD BILLION)
           TABLE 15 TIC MARKET, BY SOURCING TYPE, 2021–2026 (USD BILLION)
    7.2 IN-HOUSE SERVICES
           7.2.1 IN-HOUSE TESTING SERVICES WOULD CAPTURE LARGER MARKET SHARE IN COMING YEARS
    7.3 OUTSOURCED SERVICES
           7.3.1 MARKET FOR OUTSOURCED SERVICES TO GROW AT HIGHER CAGR CONSIDERING THEIR CONVENIENCE AND ACCURACY

8 TIC MARKET, BY APPLICATION (Page No. - 103)
    8.1 INTRODUCTION
           FIGURE 33 CONSUMER GOODS AND RETAIL APPLICATION TO HOLD LARGEST SIZE OF TIC MARKET IN 2026
           TABLE 16 TIC MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 17 TIC MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
    8.2 CONSUMER GOODS & RETAIL
           8.2.1 TIC SERVICES ENSURE SAFETY AND ACCEPTABILITY OF PERSONAL CARE & BEAUTY PRODUCTS
           8.2.2 PERSONAL CARE & BEAUTY PRODUCTS
           8.2.3 HARD GOODS
           8.2.4 SOFTLINES & ACCESSORIES
           8.2.5 TOYS & JUVENILE PRODUCTS
           8.2.6 ELECTRICAL & ELECTRONICS
           8.2.7 OTHERS
                    TABLE 18 TIC MARKET FOR CONSUMER GOODS AND RETAIL APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 19 TIC MARKET FOR CONSUMER GOODS & RETAIL APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.3 AGRICULTURE & FOOD
           8.3.1 CERTIFICATION SERVICES ENSURE HIGH-QUALITY PRODUCTION OF AGRICULTURE AND FOOD PRODUCTS
           8.3.2 SEEDS & CROPS
           8.3.3 FERTILIZERS
           8.3.4 COMMODITIES
           8.3.5 FOOD
           8.3.6 MEAT
           8.3.7 FORESTRY
           8.3.8 OTHERS
                    TABLE 20 TIC MARKET FOR AGRICULTURE & FOOD APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 21 TIC MARKET FOR AGRICULTURE & FOOD APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.4 CHEMICAL
           8.4.1 STRINGENT REGULATIONS IMPOSED BY GOVERNMENT ON CHEMICAL MANUFACTURING COMPANIES WORLDWIDE HAVE CREATED DEMAND FOR TESTING AND CERTIFICATION SERVICES
           8.4.2 ASSET INTEGRITY MANAGEMENT SERVICES
           8.4.3 PROJECT LIFECYCLE SERVICES
           8.4.4 FINISHED PRODUCT SERVICES
           8.4.5 CHEMICAL FEEDSTOCK SERVICES
           8.4.6 OTHERS
                    TABLE 22 TIC MARKET FOR CHEMICAL APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 23 TIC MARKET FOR CHEMICAL APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.5 CONSTRUCTION & INFRASTRUCTURE
           8.5.1 TRANSFORMATION OF CONVENTIONAL PROCESSES TO DIGITAL HAS ENCOURAGED TIC COMPANIES TO INTRODUCE NEWER CONSTRUCTION-RELATED SERVICES
           8.5.2 PROJECT MANAGEMENT SERVICES
           8.5.3 MATERIAL SERVICES
           8.5.4 CONSTRUCTION MACHINERY & EQUIPMENT SERVICES
           8.5.5 FACILITIES MANAGEMENT & INSPECTION SERVICES
           8.5.6 OTHERS
                    TABLE 24 TIC MARKET FOR CONSTRUCTION & INFRASTRUCTURE APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 25 TIC MARKET FOR CONSTRUCTION & INFRASTRUCTURE APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.6 ENERGY & POWER
           8.6.1 INCENTIVIZATION ON RENEWABLE ENERGY PROJECTS BY VARIOUS GOVERNMENTS IS FUELLING DEMAND FOR TIC SERVICES TO ENSURE IMPROVED PERFORMANCE OF POWER PLANTS
           8.6.2 ENERGY SOURCES
                    8.6.2.1 Nuclear
                    8.6.2.2 Wind
                    8.6.2.3 Solar
                    8.6.2.4 Alternative fuels
                    8.6.2.5 Fuel oil & gases
                    8.6.2.6 Coal
           8.6.3 POWER GENERATION
           8.6.4 POWER DISTRIBUTION
           8.6.5 ASSET INTEGRITY MANAGEMENT SERVICES
           8.6.6 PROJECT LIFECYCLE SERVICES
           8.6.7 OTHERS
                    TABLE 26 TIC MARKET FOR ENERGY & POWER APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 27 TIC MARKET FOR ENERGY & POWER APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.7 INDUSTRIAL & MANUFACTURING
           8.7.1 QUALITY, SAFETY, AND PERFORMANCE OF PRODUCTS IN INDUSTRIAL AND MANUFACTURING ARE ENSURED USING TIC SERVICES
           8.7.2 SUPPLIER-RELATED SERVICES
           8.7.3 PRODUCTION- & PRODUCT-RELATED SERVICES
           8.7.4 PROJECT-RELATED SERVICES
           8.7.5 OTHERS
                    TABLE 28 TIC MARKET FOR INDUSTRIAL & MANUFACTURING APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 29 TIC MARKET FOR INDUSTRIAL & MANUFACTURING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.8 MEDICAL & LIFE SCIENCES
           8.8.1 PANDEMIC HAS OPENED DOORS FOR NEWER AND ADVANCED HEALTHCARE PRODUCTS THAT REQUIRE RIGOROUS TIC SERVICES
           8.8.2 MEDICAL DEVICES
           8.8.3 HEALTH, BEAUTY, & WELLNESS
           8.8.4 CLINICAL SERVICES
           8.8.5 LABORATORY SERVICES
           8.8.6 BIOPHARMACEUTICAL & PHARMACEUTICAL SERVICES
           8.8.7 OTHERS
                    TABLE 30 TIC MARKET FOR MEDICAL & LIFE SCIENCES APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 31 TIC MARKET FOR MEDICAL & LIFE SCIENCES APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.9 MINING
           8.9.1 SAFETY OF LABORERS AND AVOIDANCE OF DANGEROUS ACCIDENTS IS PUSHING DEMAND FOR TIC SERVICES FOR MINING APPLICATIONS
           8.9.2 INSPECTION & SAMPLING SERVICES
           8.9.3 ANALYTICAL SERVICES
           8.9.4 EXPLORATION SERVICES
           8.9.5 METALLURGY & PROCESS DESIGN SERVICES
           8.9.6 PRODUCTION & PLANT SERVICES
           8.9.7 SITE OPERATION & CLOSURE SERVICES
           8.9.8 PROJECT RISK ASSESSMENT & MITIGATION SERVICES
           8.9.9 OTHERS
                    FIGURE 34 EXPLORATION SERVICES TO HOLD LARGEST SIZE OF TIC MARKET FOR MINING APPLICATION IN 2021
                    TABLE 32 TIC MARKET FOR MINING APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 33 TIC MARKET FOR MINING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.10 OIL & GAS AND PETROLEUM
           8.10.1 STRINGENT TESTING AND INSPECTION SERVICES ARE REQUIRED THROUGHOUT OIL & GAS AND PETROLEUM VALUE CHAIN TO AVOID DISCREPANCIES IN QUALITY OF FUEL
           8.10.2 UPSTREAM
           8.10.3 DOWNSTREAM
           8.10.4 BIOFUELS AND FEEDSTOCK
           8.10.5 PETROCHEMICALS
           8.10.6 ASSET INTEGRITY MANAGEMENT
           8.10.7 PROJECT LIFECYCLE
           8.10.8 OTHERS
                    TABLE 34 TIC MARKET FOR OIL & GAS AND PETROLEUM APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 35 TIC MARKET FOR OIL & GAS AND PETROLEUM APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.11 PUBLIC SECTOR
           8.11.1 PRODUCT CONFORMITY ASSESSMENT SERVICES
           8.11.2 MONITORING SERVICES
           8.11.3 VALUATION SERVICES
           8.11.4 OTHERS
                    TABLE 36 TIC MARKET FOR PUBLIC SECTOR APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 37 TIC MARKET FOR PUBLIC SECTOR APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.12 AUTOMOTIVE
           8.12.1 INVESTMENTS IN ELECTRIC VEHICLES AND NEWER TECHNOLOGIES ARE PAVING WAY FOR TIC SERVICES IN AUTOMOTIVE INDUSTRY
           8.12.2 ELECTRICAL SYSTEMS AND COMPONENTS
           8.12.3 ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS
           8.12.4 TELEMATICS
           8.12.5 FUELS, FLUIDS, & LUBRICANTS
           8.12.6 INTERIOR & EXTERIOR MATERIALS AND COMPONENTS
           8.12.7 VEHICLE INSPECTION SERVICES (VIS)
           8.12.8 HOMOLOGATION TESTING
           8.12.9 OTHERS
                    TABLE 38 TIC MARKET FOR AUTOMOTIVE APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 39 TIC MARKET FOR AUTOMOTIVE APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.13 AEROSPACE
           8.13.1 NEW TIC SERVICES IN AEROSPACE INDUSTRY HAVE HELPED SURVIVE IN TOUGH TIMES DURING COVID PANDEMIC
           8.13.2 AEROSPACE MANUFACTURING SERVICES
           8.13.3 AVIATION MANAGEMENT SERVICES
           8.13.4 OTHERS
                    TABLE 40 TIC MARKET FOR AEROSPACE APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 41 TIC MARKET FOR AEROSPACE APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.14 MARINE
           8.14.1 INTER-TRADE RELATIONS AMONG COUNTRIES WITH STRINGENT IMPORT AND EXPORT REGULATIONS PUSHING DEMAND FOR TIC SERVICES FROM MARINE SECTOR
           8.14.2 MARINE FUEL SYSTEM AND COMPONENT SERVICES
           8.14.3 SHIP CLASSIFICATION SERVICES
           8.14.4 MARINE MATERIAL & EQUIPMENT SERVICES
           8.14.5 OTHERS
                    TABLE 42 TIC MARKET FOR MARINE APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 43 TIC MARKET FOR MARINE APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.15 RAILWAY
           8.15.1 ENFORCEMENT OF NEW LAWS AND MULTIPLE SAFETY TESTS HAS ENSURED STABLE MARKET SHARE FOR RAIL APPLICATION
           8.15.2 RAIL CONSTRUCTION & PRODUCTION MONITORING
           8.15.3 INFRASTRUCTURE MANAGEMENT
           8.15.4 OTHERS
                    TABLE 44 TIC MARKET FOR RAILWAY APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 45 TIC MARKET FOR RAILWAY APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.16 SUPPLY CHAIN & LOGISTICS
           8.16.1 INSPECTION SERVICES ARE IN DEMAND FOR LOGISTICS AND SUPPLY CHAIN APPLICATIONS
           8.16.2 PACKAGING & HANDLING
           8.16.3 RISK MANAGEMENT
           8.16.4 OTHERS
                    TABLE 46 TIC MARKET FOR SUPPLY CHAIN & LOGISTICS APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 47 TIC MARKET FOR SUPPLY CHAIN AND LOGISTICS APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.17 IT AND TELECOM
           8.17.1 REMOTE WORKING AND WORK FROM HOME OPTIONS INTRODUCED DURING PANDEMIC HAVE INCREASED MARKET SHARE OF IT & TELECOM APPLICATION IN TIC ECOSYSTEM
           8.17.2 TELECOM & IT INFRASTRUCTURE EQUIPMENT
           8.17.3 MODULES & DEVICES
                    TABLE 48 TIC MARKET FOR IT & TELECOM APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 49 TIC MARKET FOR IT & TELECOM APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.18 SPORTS & ENTERTAINMENT
           8.18.1 INSPECTION AND CERTIFICATION SERVICES TO BE ADOPTED BY SPORTS & ENTERTAINMENT INDUSTRY TO ENSURE PRODUCT AUTHENTICITY AND SAFETY
           8.18.2 SPORTS VENUES & FACILITIES
           8.18.3 SPORTING GOODS & PROTECTIVE EQUIPMENT
                    TABLE 50 TIC MARKET FOR SPORTS & ENTERTAINMENT APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 51 TIC MARKET FOR SPORTS & ENTERTAINMENT APPLICATION, BY TYPE, 2021–2026 (USD MILLION)

9 GEOGRAPHIC ANALYSIS (Page No. - 159)
    9.1 INTRODUCTION
           FIGURE 35 GEOGRAPHIC SNAPSHOT: RAPIDLY GROWING COUNTRIES SUCH AS INDIA AND CHINA EMERGING AS POTENTIAL MARKETS
           FIGURE 36 APAC TO LEAD TIC MARKET DURING FORECAST PERIOD
           TABLE 52 TIC MARKET, BY REGION, 2017–2020 (USD BILLION)
           TABLE 53 TIC MARKET, BY REGION, 2021–2026 (USD BILLION)
    9.2 NORTH AMERICA
           FIGURE 37 SNAPSHOT OF TIC MARKET IN NORTH AMERICA
           TABLE 54 TIC MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD BILLION)
           TABLE 55 TIC MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 56 TIC MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 57 TIC MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
           TABLE 58 TIC MARKET IN NORTH AMERICA, BY SERVICE TYPE, 2017–2020 (USD MILLION)
           TABLE 59 TIC MARKET IN NORTH AMERICA, BY SERVICE TYPE, 2021–2026 (USD MILLION)
           TABLE 60 TIC MARKET IN NORTH AMERICA, BY SOURCING TYPE, 2017–2020 (USD MILLION)
           TABLE 61 TIC MARKET IN NORTH AMERICA, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.2.1 US
                    9.2.1.1 Increased investments in next-generation technologies such as artificial intelligence, machine learning, and digital twin
                               TABLE 62 TIC MARKET IN US, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 63 TIC MARKET IN US, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 64 TIC MARKET IN US, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 65 TIC MARKET IN US, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 66 TIC MARKET IN US, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 67 TIC MARKET IN US, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.2.2 CANADA
                    9.2.2.1 High demand for TIC services across consumer goods and retail applications
                               TABLE 68 TIC MARKET IN CANADA, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 69 TIC MARKET IN CANADA, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 70 TIC MARKET IN CANADA, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 71 TIC MARKET IN CANADA, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 72 TIC MARKET IN CANADA, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 73 TIC MARKET IN CANADA, BY SOURCING TYPE, 2021–2026 (USD MILLION)
                               9.2.3 MEXICO
                    9.2.3.1 Huge demand for TIC services by players from automotive and aerospace sectors
                               TABLE 74 TIC MARKET IN MEXICO, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 75 TIC MARKET IN MEXICO, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 76 TIC MARKET IN MEXICO, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 77 TIC MARKET IN MEXICO, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 78 TIC MARKET IN MEXICO, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 79 TIC MARKET IN MEXICO, BY SOURCING TYPE, 2021–2026 (USD MILLION)
    9.3 EUROPE
           FIGURE 38 SNAPSHOT OF TIC MARKET IN EUROPE
           TABLE 80 TIC MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 81 TIC MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 82 TIC MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 83 TIC MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
           TABLE 84 TIC MARKET IN EUROPE, BY SERVICE TYPE, 2017–2020 (USD MILLION)
           TABLE 85 TIC MARKET IN EUROPE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
           TABLE 86 TIC MARKET IN EUROPE, BY SOURCING TYPE, 2017–2020 (USD MILLION)
           TABLE 87 TIC MARKET IN EUROPE, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.3.1 GERMANY
                    9.3.1.1 Industry 4.0 creates opportunities for providers of TIC services for automotive and medical applications across country
                               TABLE 88 TIC MARKET IN GERMANY, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 89 TIC MARKET IN GERMANY, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 90 TIC MARKET IN GERMANY, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 91 TIC MARKET IN GERMANY, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 92 TIC MARKET IN GERMANY, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 93 TIC MARKET IN GERMANY, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.3.2 UK
                    9.3.2.1 Adoption of innovative technologies and implementation of severe regulations will create growth opportunities for TIC market in UK across agriculture and food applications
                               TABLE 94 TIC MARKET IN UK, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 95 TIC MARKET IN UK, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 96 TIC MARKET IN UK, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 97 TIC MARKET IN UK, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 98 TIC MARKET IN UK, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 99 TIC MARKET IN UK, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.3.3 FRANCE
                    9.3.3.1 Pharma industry has seen significant growth in middle of pandemic, thereby fueling demand for TIC services
                               TABLE 100 TIC MARKET IN FRANCE, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 101 TIC MARKET IN FRANCE, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 102 TIC MARKET IN FRANCE, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 103 TIC MARKET IN FRANCE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 104 TIC MARKET IN FRANCE, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 105 TIC MARKET IN FRANCE, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.3.4 ITALY
                    9.3.4.1 Government efforts to maintain product standards and meet global regulations
                               TABLE 106 TIC MARKET IN ITALY, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 107 TIC MARKET IN ITALY, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 108 TIC MARKET IN ITALY, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 109 TIC MARKET IN ITALY, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 110 TIC MARKET IN ITALY, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 111 TIC MARKET IN ITALY, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.3.5 SPAIN
                    9.3.5.1 Privatization of aerospace industry to create opportunities for TIC players
                               TABLE 112 TIC MARKET IN SPAIN, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 113 TIC MARKET IN SPAIN, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 114 TIC MARKET IN SPAIN, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 115 TIC MARKET IN SPAIN, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 116 TIC MARKET IN SPAIN, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 117 TIC MARKET IN SPAIN, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.3.6 BELGIUM
                    9.3.6.1 Thriving petroleum and chocolate industries to boost TIC market growth in Belgium
                               TABLE 118 TIC MARKET IN BELGIUM, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 119 TIC MARKET IN BELGIUM, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 120 TIC MARKET IN BELGIUM, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 121 TIC MARKET IN BELGIUM, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 122 TIC MARKET IN BELGIUM, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 123 TIC MARKET IN BELGIUM, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.3.7 RUSSIA
                    9.3.7.1 TIC services have demand from food and agriculture industries
                               TABLE 124 TIC MARKET IN RUSSIA, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 125 TIC MARKET IN RUSSIA, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 126 TIC MARKET IN RUSSIA, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 127 TIC MARKET IN RUSSIA, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 128 TIC MARKET IN RUSSIA, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 129 TIC MARKET IN RUSSIA, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.3.8 NETHERLANDS
                    9.3.8.1 Strong focus on innovations leading to product launches, thereby boosting demand for TIC services
                               TABLE 130 TIC MARKET IN NETHERLANDS, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 131 TIC MARKET IN NETHERLANDS, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 132 TIC MARKET IN NETHERLANDS, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 133 TIC MARKET IN NETHERLANDS, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 134 TIC MARKET IN NETHERLANDS, BY SOURCING TYPE, 2017–2020 (USD BILLION)
                               TABLE 135 TIC MARKET IN NETHERLANDS, BY SOURCING TYPE, 2021–2026 (USD BILLION)
           9.3.9 SWITZERLAND
                    9.3.9.1 Booming consumer goods and retail industries create demand for TIC services
                               TABLE 136 TIC MARKET IN SWITZERLAND, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 137 TIC MARKET IN SWITZERLAND, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 138 TIC MARKET IN SWITZERLAND, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 139 TIC MARKET IN SWITZERLAND, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 140 TIC MARKET IN SWITZERLAND, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 141 TIC MARKET IN SWITZERLAND, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.3.10 HUNGARY
                    9.3.10.1 E-commerce industry in Hungary provides growth opportunities to TIC players
           9.3.11 POLAND
                    9.3.11.1 Technologies such as IoT, cloud computing, and cybersecurity boost TIC market growth in Poland
           9.3.12 BULGARIA
                    9.3.12.1 Huge potential for manufacturing companies in TIC ecosystem
           9.3.13 SWEDEN
                    9.3.13.1 Strong focus of Sweden on electronic manufacturing to improve global ranking would foster TIC market growth
           9.3.14 NORWAY
                    9.3.14.1 Exports and petroleum industries contribute most to improve global ranking of country
           9.3.15 ROMANIA
                    9.3.15.1 Software and service industries have helped generating employment in Romania
           9.3.16 AUSTRIA
                    9.3.16.1 Logistics and telecommunications sectors to promote for TIC market growth in Austria
           9.3.17 TURKEY
                    9.3.17.1 Start-ups and innovative companies from Turkey stimulate demand for TIC services
           9.3.18 CROATIA
                    9.3.18.1 Developmental strategies adopted to ensure growth of tourism and sports industries in Croatia to create demand for TIC services
           9.3.19 IRELAND
                    9.3.19.1 Innovative technologies such as digital marketing and industrial robots help Ireland to improve global ranking
           9.3.20 GREECE
                    9.3.20.1 Strategic location of country helps fishing, mining, and export industries to flourish
           9.3.21 CZECH REPUBLIC
                    9.3.21.1 Strong focus on widening automotive manufacturing capabilities creates demand for TIC services in Czech Republic
           9.3.22 LATVIA
                    9.3.22.1 Supply chain and logistics functions help Latvia to stabilize its national economy
           9.3.23 DENMARK
                    9.3.23.1 Strong membership with international bodies ensure quality products in Denmark
           9.3.24 LITHUANIA
                    9.3.24.1 Food industry to foster demand for TIC services in Lithuania
           9.3.25 ESTONIA
                    9.3.25.1 Strict norms and import regulations generate need for non-conventional TIC services
           9.3.26 REST OF EUROPE (ROE)
    9.4 ASIA PACIFIC
           FIGURE 39 SNAPSHOT OF TIC MARKET IN APAC
           TABLE 142 TIC MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 143 TIC MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 144 TIC MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 145 TIC MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
           TABLE 146 TIC MARKET IN APAC, BY SERVICE TYPE, 2017–2020 (USD MILLION)
           TABLE 147 TIC MARKET IN APAC, BY SERVICE TYPE, 2021–2026 (USD MILLION)
           TABLE 148 TIC MARKET IN APAC, BY SOURCING TYPE, 2017–2020 (USD MILLION)
           TABLE 149 TIC MARKET IN APAC, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.1 CHINA
                    9.4.1.1 Rapid technological advances and increased demand for medical products foster TIC market growth
                               TABLE 150 TIC MARKET IN CHINA, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 151 TIC MARKET IN CHINA, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 152 TIC MARKET IN CHINA, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 153 TIC MARKET IN CHINA, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 154 TIC MARKET IN CHINA, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 155 TIC MARKET IN CHINA, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.2 JAPAN
                    9.4.2.1 Stringent regulatory norms pertaining to food & beverages and telecommunications to ensure safety and security of human beings would fuel demand for TIC services
                               TABLE 156 TIC MARKET IN JAPAN, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 157 TIC MARKET IN JAPAN, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 158 TIC MARKET IN JAPAN, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 159 TIC MARKET IN JAPAN, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 160 TIC MARKET IN JAPAN, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 161 TIC MARKET IN JAPAN, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.3 INDIA
                    9.4.3.1 Increased demand for TIC services to test and certify COVID-19 vaccine and medical devices
                               TABLE 162 TIC MARKET IN INDIA, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 163 TIC MARKET IN INDIA, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 164 TIC MARKET IN INDIA, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 165 TIC MARKET IN INDIA, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 166 TIC MARKET IN INDIA, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 167 TIC MARKET IN INDIA, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.4 SOUTH KOREA
                    9.4.4.1 Huge potential in exports of electronics and medical devices stimulates need for TIC services
                               TABLE 168 TIC MARKET IN SOUTH KOREA, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 169 TIC MARKET IN SOUTH KOREA, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 170 TIC MARKET IN SOUTH KOREA, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 171 TIC MARKET IN SOUTH KOREA, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 172 TIC MARKET IN SOUTH KOREA, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 173 TIC MARKET IN SOUTH KOREA, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.5 AUSTRALIA
                    9.4.5.1 Stringent regulations in healthcare and mining industries accelerate growth of Australian TIC market
                               TABLE 174 TIC MARKET IN AUSTRALIA, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 175 TIC MARKET IN AUSTRALIA, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 176 TIC MARKET IN AUSTRALIA, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 177 TIC MARKET IN AUSTRALIA, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 178 TIC MARKET IN AUSTRALIA, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 179 TIC MARKET IN AUSTRALIA, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.6 SINGAPORE
                    9.4.6.1 Strict government policies for electric and electronic products push demand for TIC services
                               TABLE 180 TIC MARKET IN SINGAPORE, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 181 TIC MARKET IN SINGAPORE, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 182 TIC MARKET IN SINGAPORE, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 183 TIC MARKET IN SINGAPORE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 184 TIC MARKET IN SINGAPORE, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 185 TIC MARKET IN SINGAPORE, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.7 THAILAND
                    9.4.7.1 Booming telecommunications and manufacturing industries contribute TIC market growth in Thailand
                               TABLE 186 TIC MARKET IN THAILAND, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 187 TIC MARKET IN THAILAND, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 188 TIC MARKET IN THAILAND, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 189 TIC MARKET IN THAILAND, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 190 TIC MARKET IN THAILAND, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 191 TIC MARKET IN THAILAND, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.8 INDONESIA
                    9.4.8.1 Increasing mandates for testing electronic products in country to fuel market growth
                               TABLE 192 TIC MARKET IN INDONESIA, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 193 TIC MARKET IN INDONESIA, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 194 TIC MARKET IN INDONESIA, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 195 TIC MARKET IN INDONESIA, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 196 TIC MARKET IN INDONESIA, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 197 TIC MARKET IN INDONESIA, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.9 MALAYSIA
                    9.4.9.1 Surging demand for TIC services from electrical & electronics, banking, and IT sectors in Malaysia
                               TABLE 198 TIC MARKET IN MALAYSIA, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 199 TIC MARKET IN MALAYSIA, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 200 TIC MARKET IN MALAYSIA, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 201 TIC MARKET IN MALAYSIA, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 202 TIC MARKET IN MALAYSIA, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 203 TIC MARKET IN MALAYSIA, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.10 VIETNAM
                    9.4.10.1 Binding regulations for testing, inspection, and certification of cosmetic ingredients and products
                               TABLE 204 TIC MARKET IN VIETNAM, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 205 TIC MARKET IN VIETNAM, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 206 TIC MARKET IN VIETNAM, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 207 TIC MARKET IN VIETNAM, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 208 TIC MARKET IN VIETNAM, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 209 TIC MARKET IN VIETNAM, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.11 TAIWAN
                    9.4.11.1 Flourishing automotive, cosmetics, and telecommunications industries to promote demand for TIC services
                               TABLE 210 TIC MARKET IN TAIWAN, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 211 TIC MARKET IN TAIWAN, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 212 TIC MARKET IN TAIWAN, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 213 TIC MARKET IN TAIWAN, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 214 TIC MARKET IN TAIWAN, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 215 TIC MARKET IN TAIWAN, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.12 HONG KONG
                    9.4.12.1 Uncompromising norms set by government to ensure safety, electromagnetic compatibility, and performance of consumer products
                               TABLE 216 TIC MARKET IN HONG KONG, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 217 TIC MARKET IN HONG KONG, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 218 TIC MARKET IN HONG KONG, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 219 TIC MARKET IN HONG KONG, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 220 TIC MARKET IN HONG KONG, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 221 TIC MARKET IN HONG KONG, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.13 BANGLADESH
                    9.4.13.1 Booming textiles industry and stringent rules to ensure quality products manufactured by consumer goods and retail companies
                               TABLE 222 TIC MARKET IN BANGLADESH, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 223 TIC MARKET IN BANGLADESH, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 224 TIC MARKET IN BANGLADESH, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 225 TIC MARKET IN BANGLADESH, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 226 TIC MARKET IN BANGLADESH, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 227 TIC MARKET IN BANGLADESH, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.14 PHILIPPINES
                    9.4.14.1 Growing ICT sector and availability of online product certification
                               TABLE 228 TIC MARKET IN PHILIPPINES, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 229 TIC MARKET IN PHILIPPINES, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 230 TIC MARKET IN PHILIPPINES, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 231 TIC MARKET IN PHILIPPINES, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 232 TIC MARKET IN PHILIPPINES, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 233 TIC MARKET IN PHILIPPINES, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.4.15 REST OF APAC (ROAPAC)
                    TABLE 234 TIC MARKET IN REST OF APAC, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 235 TIC MARKET IN REST OF APAC, BY APPLICATION, 2021–2026 (USD MILLION)
                    TABLE 236 TIC MARKET IN REST OF APAC, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                    TABLE 237 TIC MARKET IN REST OF APAC, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                    TABLE 238 TIC MARKET IN REST OF APAC, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                    TABLE 239 TIC MARKET IN REST OF APAC, BY SOURCING TYPE, 2021–2026 (USD MILLION)
    9.5 REST OF THE WORLD
           FIGURE 40 SNAPSHOT OF TIC MARKET IN ROW
           TABLE 240 TIC MARKET IN ROW, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 241 TIC MARKET IN ROW, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 242 TIC MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 243 TIC MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
           TABLE 244 TIC MARKET IN ROW, BY SERVICE TYPE, 2017–2020 (USD MILLION)
           TABLE 245 TIC MARKET IN ROW, BY SERVICE TYPE, 2021–2026 (USD MILLION)
           TABLE 246 TIC MARKET IN ROW, BY SOURCING TYPE, 2017–2020 (USD BILLION)
           TABLE 247 TIC MARKET IN ROW, BY SOURCING TYPE, 2021–2026 (USD BILLION)
           9.5.1 BRAZIL
                    9.5.1.1 Opportunities created by favorable government policies in healthcare, energy, infrastructure, and defense industries
                               TABLE 248 TIC MARKET IN BRAZIL, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 249 TIC MARKET IN BRAZIL, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 250 TIC MARKET IN BRAZIL, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 251 TIC MARKET IN BRAZIL, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 252 TIC MARKET IN BRAZIL, BY SOURCING TYPE, 2017–2020 (USD BILLION)
                               TABLE 253 TIC MARKET IN BRAZIL, BY SOURCING TYPE, 2021–2026 (USD BILLION)
           9.5.2 ARGENTINA
                    9.5.2.1 Mutual agreements and contracts for import and export of products ultimately boost demand for TIC services in Argentina
                               TABLE 254 TIC MARKET IN ARGENTINA, BY APPLICATION, 2017–2020 (USD THOUSAND)
                               TABLE 255 TIC MARKET IN ARGENTINA, BY APPLICATION, 2021–2026 (USD THOUSAND)
                               TABLE 256 TIC MARKET IN ARGENTINA, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 257 TIC MARKET IN ARGENTINA, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 258 TIC MARKET IN ARGENTINA, BY SOURCING TYPE, 2017–2020 (USD MILLION)
                               TABLE 259 TIC MARKET IN ARGENTINA, BY SOURCING TYPE, 2021–2026 (USD MILLION)
           9.5.3 SAUDI ARABIA
                    9.5.3.1 Existence of oil reserves creates new revenue pockets for TIC service providers
                               TABLE 260 TIC MARKET IN SAUDI ARABIA, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 261 TIC MARKET IN SAUDI ARABIA, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 262 TIC MARKET IN SAUDI ARABIA, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                               TABLE 263 TIC MARKET IN SAUDI ARABIA, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                               TABLE 264 TIC MARKET IN SAUDI ARABIA, BY SOURCING TYPE, 2017–2020 (USD BILLION)
                               TABLE 265 TIC MARKET IN SAUDI ARABIA, BY SOURCING TYPE, 2021–2026 (USD BILLION)
           9.5.4 MOROCCO
                    9.5.4.1 Agro-industrial and renewable companies to contribute most to TIC market growth in Morocco
           9.5.5 UNITED ARAB EMIRATES
                    9.5.5.1 Development in manufacturing sector to surge demand for TIC services in UAE
           9.5.6 PERU
                    9.5.6.1 Building and construction activities in Peru to widen horizon of TIC market players
           9.5.7 CHILE
                    9.5.7.1 Mandatory certification of consumer electronics shaping and motivating TIC companies to provide services in Chile
           9.5.8 COLOMBIA
                    9.5.8.1 Booming medical and pharmaceuticals industries in Columbia encourage TIC market growth
           9.5.9 VENEZUELA
                    9.5.9.1 Oil & gas and petroleum industries would provide growth opportunities for TIC market
           9.5.10 IRAN
                    9.5.10.1 Stringent and tight regulations for imported products would require TIC services to ensure safety and reliability
           9.5.11 IRAQ
                    9.5.11.1 Booming consumer goods and retail industries in Iraq would foster TIC market growth
           9.5.12 QATAR
                    9.5.12.1 Oil & gas industry in Qatar promotes TIC market growth
           9.5.13 OMAN
                    9.5.13.1 Huge opportunities in telecom and agriculture sectors to boost demand for TIC services
           9.5.14 BAHRAIN
                    9.5.14.1 Stringent certification and inspection policies in medical and pharmaceuticals industry create need for TIC services
           9.5.15 EGYPT
                    9.5.15.1 Renewable energy and logistics sector giving TIC players several growth opportunities
           9.5.16 SOUTH AFRICA
                    9.5.16.1 Industries affecting TIC market in South Africa are exports, energy & power, and communication
           9.5.17 REST OF MIDDLE EAST AND AFRICA

10 COMPETITIVE LANDSCAPE (Page No. - 320)
     10.1 OVERVIEW
               FIGURE 41 SERVICE LAUNCH EMERGED AS KEY STRATEGY ADOPTED BY MARKET PLAYERS FROM JANUARY 2017 TO JUNE 2020
     10.2 MARKET SHARE AND RANKING ANALYSIS OF KEY COMPANIES, 2020
               TABLE 266 DEGREE OF COMPETITION
               FIGURE 42 MARKET RANK OF TOP PLAYERS OF TIC MARKET
     10.3 FIVE-YEAR REVENUE ANALYSIS OF MAJOR PLAYERS IN TIC MARKET
               FIGURE 43 TIC MARKET: FIVE-YEAR REVENUE SNAPSHOT OF MAJOR PLAYERS, 2015–2019 (USD MILLION)
     10.4 COMPANY EVALUATION MATRIX, 2019
             10.4.1 STAR
             10.4.2 EMERGING LEADER
             10.4.3 PERVASIVE
             10.4.4 PARTICIPANT
                       FIGURE 44 TIC MARKET, COMPANY EVALUATION MATRIX (2020)
     10.5 STARTUP/SME EVALUATION MATRIX, 2020
             10.5.1 PROGRESSIVE COMPANY
             10.5.2 RESPONSIVE COMPANY
             10.5.3 DYNAMIC COMPANY
             10.5.4 STARTING BLOCK
                       FIGURE 45 TIC MARKET, START-UP/SME EVALUATION MATRIX (2020)
     10.6 COMPANY FOOTPRINT
               TABLE 267 COMPANY FOOTPRINT: TIC MARKET
               TABLE 268 COMPANY APPLICATION FOOTPRINT: TIC MARKET
               TABLE 269 COMPANY REGION FOOTPRINT: TIC MARKET
     10.7 COMPETITIVE SITUATIONS AND TRENDS
               TABLE 270 SERVICE LAUNCHES, JANUARY 2020 TO JUNE 2021
             10.7.1 DEALS
                       TABLE 271 DEALS, JANUARY 2020 TO JANUARY 2021

11 COMPANY PROFILES (Page No. - 339)
     11.1 INTRODUCTION
(Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
             11.1.1 SGS GROUP
                       TABLE 272 SGS GROUP: BUSINESS OVERVIEW
                       FIGURE 46 SGS GROUP: COMPANY SNAPSHOT
                       TABLE 273 SGS GROUP: SERVICE LAUNCHES
                       TABLE 274 SGS GROUP: DEALS
             11.1.2 BUREAU VERITAS
                       TABLE 275 BUREAU VERITAS: BUSINESS OVERVIEW
                       FIGURE 47 BUREAU VERITAS: COMPANY SNAPSHOT
                       TABLE 276 BUREAU VERITAS: SERVICE LAUNCHES
                       TABLE 277 BUREAU VERITAS: DEALS
             11.1.3 INTERTEK
                       TABLE 278 INTERTEK: BUSINESS OVERVIEW
                       FIGURE 48 INTERTEK: COMPANY SNAPSHOT
                       TABLE 279 INTERTEK: SERVICE LAUNCHES
                       TABLE 280 INTERTEK: DEALS
             11.1.4 DEKRA SE
                       TABLE 281 DEKRA SE: BUSINESS OVERVIEW
                       FIGURE 49 DEKRA SE: COMPANY SNAPSHOT
                       TABLE 282 DEKRA SE: PRODUCT LAUNCHES
                       TABLE 283 DEKRA SE: DEALS
             11.1.5 EUROFINS SCIENTIFIC
                       TABLE 284 EUROFINS SCIENTIFIC: BUSINESS OVERVIEW
                       FIGURE 50 EUROFINS SCIENTIFIC: COMPANY SNAPSHOT
                       TABLE 285 EUROFINS SCIENTIFIC: PRODUCT LAUNCHES
                       TABLE 286 EUROFINS SCIENTIFIC: DEALS
             11.1.6 TάV SάD
                       TABLE 287 TάV SάD: BUSINESS OVERVIEW
                       FIGURE 51 TάV SάD: COMPANY SNAPSHOT
                       TABLE 288 TάV SάD: PRODUCT LAUNCHES
                       TABLE 289 TάV SάD: DEALS
             11.1.7 DNV GL
                       TABLE 290 DNV GL: BUSINESS OVERVIEW
                       FIGURE 52 DNV GL: COMPANY SNAPSHOT
                       TABLE 291 DNV GL: PRODUCT LAUNCHES
                       TABLE 292 DNV GL: DEALS
             11.1.8 APPLUS+
                       TABLE 293 APPLUS+: BUSINESS OVERVIEW
                       FIGURE 53 APPLUS+: COMPANY SNAPSHOT
                       TABLE 294 APPLUS+: PRODUCT LAUNCHES
                       TABLE 295 APPLUS+: DEALS
             11.1.9 ALS LIMITED
                       TABLE 296 ALS LIMITED: BUSINESS OVERVIEW
                       FIGURE 54 ALS LIMITED: COMPANY SNAPSHOT
                       TABLE 297 ALS LIMITED: PRODUCT LAUNCHES
                       TABLE 298 ACUITY BRANDS: DEALS
             11.1.10 TάV NORD GROUP
                       TABLE 299 TάV NORD: BUSINESS OVERVIEW
                       FIGURE 55 TάV NORD GROUP: COMPANY SNAPSHOT
                       TABLE 300 TάV NORD: PRODUCT LAUNCHES
                       TABLE 301 TάV NORD: DEALS
             11.1.11 LLOYD’S REGISTER GROUP LIMITED
                       TABLE 302 LLOYD’S REGISTER GROUP LIMITED: BUSINESS OVERVIEW
                       FIGURE 56 LLOYD’S REGISTER GROUP LIMITED: COMPANY SNAPSHOT
                       TABLE 303 LLOYD’S REGISTER GROUP LIMITED: PRODUCT LAUNCHES
                       TABLE 304 LEGRAND: DEALS
             11.1.12 MISTRAS
                       TABLE 305 MISTRAS: BUSINESS OVERVIEW
                       FIGURE 57 MISTRAS: COMPANY SNAPSHOT
                       TABLE 306 MISTRAS: DEALS
             11.1.13 ELEMENT MATERIALS TECHNOLOGY
                       TABLE 307 ELEMENT MATERIALS TECHNOLOGY: BUSINESS OVERVIEW
                       TABLE 308 ELEMENT MATERIALS TECHNOLOGY: DEALS
             11.1.14 UL LLC
                       TABLE 309 UL LLC: BUSINESS OVERVIEW
                       TABLE 310 UL LLC: PRODUCT LAUNCHES
                       TABLE 311 UL LLC: DEALS
             11.1.15 APAVE INTERNATIONAL
                       TABLE 312 APAVE INTERNATIONAL: BUSINESS OVERVIEW
                       TABLE 313 APAVE INTERNATIONAL: DEALS
*Details on Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
     11.2 SME PLAYERS
             11.2.1 IRCLASS
             11.2.2 QS TESTING
             11.2.3 THOMAS BELL-WRIGHT INTERNATIONAL CONSULTANTS
             11.2.4 TIC SERA
             11.2.5 HOHENSTEIN
             11.2.6 SAI GLOBAL
             11.2.7 ASTM INTERNATIONAL
             11.2.8 VDE TESTING INSTITUTE
             11.2.9 KEYSTONE COMPLIANCE
             11.2.10 WASHINGTON LABORATORIES LTD.
             11.2.11 FORCE TECHNOLOGY
             11.2.12 KIWA INSPECTA
             11.2.13 RINA S.P.A.
             11.2.14 TECHNICKΑ INŠPEKCIA
             11.2.15 TάRK LOYDU
             11.2.16 SAFETY ASSESSMENT FEDERATION (SAFED)
             11.2.17 PRIME GROUP
             11.2.18 HV TECHNOLOGIES INC.
             11.2.19 CORE LABORATORIES
             11.2.20 NATIONAL COLLATERAL MANAGEMENT SERVICE LIMITED (NCML)
             11.2.21 AMSPEC
             11.2.22 ASUREQUALITY
             11.2.23 MEDISTRI SA
             11.2.24 AVOMEEN ANALYTICAL SERVICES
             11.2.25 ENVIGO
             11.2.26 GATEWAY ANALYTICAL
             11.2.27 GULF INSPECTION INTERNATIONAL CO.
             11.2.28 NIPPON KAIJI KENTEI KYOKAI (NKKK)
             11.2.29 HUMBER INSPECTION INTERNATIONAL LTD.
             11.2.30 NQAQSR NORTH AMERICA
             11.2.31 BALTIC CONTROL LTD.
             11.2.32 BRITISH STANDARDS INSTITUTE (BSI)

12 APPENDIX (Page No. - 464)
     12.1 INSIGHTS OF INDUSTRY EXPERTS
     12.2 DISCUSSION GUIDE
     12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.4 AVAILABLE CUSTOMIZATIONS
     12.5 RELATED REPORTS
     12.6 AUTHOR DETAILS  

This study involves the usage of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for this technical, market-oriented, and commercial study of the testing, inspection and certification market. Primary sources include several industry experts from the core and related industries, along with preferred service providers, and technology developers. In-depth interviews have been conducted with key industry participants, subject matter experts (SMEs), C-level executives of key companies operating in the testing, inspection and certification market, and industry consultants, among other experts, to obtain and verify qualitative and quantitative information, as well as to assess prospects. The following illustrative figure shows the market research methodology applied in making this report on the testing, inspection and certification market.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include annual reports, press releases, and investor presentations of companies, white papers, journals and certified publications, and articles from recognized authors, websites, directories, and databases, among others. Secondary research has been conducted to obtain key information about the supply chain and value chain of the industry, the total pool of key players, segmentation of the market according to the industry trends (to the bottommost level), geographic markets, and key developments from both market- and technology oriented perspectives. The secondary data has been collected and analysed to arrive at the overall market size, which has further been validated by primary research.

Primary Research

Several primary interviews have been conducted with market experts from both the demand and supply sides. The primary data has been collected through questionnaires, emails, and telephonic interviews. Primary sources include industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related executives from various key companies and organizations operating in the TIC market. Approximately 40% and 60% of the primary interviews have been conducted with parties from the demand and supply sides, respectively.

Testing, Inspection and Certification Market Size, and Share

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

Market Size Estimation

In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the overall TIC market and other dependent submarkets. Key players in the market have been identified through secondary research, and their market positions in the respective geographies have been determined through both primary and secondary research. This entire procedure includes studying the annual and financial reports of top market players and extensive interviews with industry leaders such as CEOs, VPs, directors, and marketing executives for key insights (qualitative and quantitative).

All percentage shares and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the market breakdown and data triangulation procedures have been employed, wherever applicable. Data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using top-down and bottom-up approaches.

Study Objectives

  • To define and forecast the testing, inspection, and certification (TIC) market, by service type, sourcing type, application, and geography, in terms of value
  • To forecast the market size of various segments with respect to 4 main regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market growth
  • To understand and analyze the impact of evolving technologies on the overall value chain of the TIC market and upcoming trends in the ecosystem.
  • To forecast and compare the market size of pre-COVID with that of the post-pandemic at global and at regional levels.
  • To highlight the impact of Porter’s five forces on the TIC ecosystem and analyze the underlying market opportunities.
  • To analyze the associated use cases in the TIC business and their impact on the business strategies adopted by key players.
  • To provide key industry trends and associated important regulations impacting the global TIC market.
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market.
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies2, along with detailing the competitive landscape for market leaders.
  • To analyze competitive developments, such as agreements, partnerships, mergers, acquisitions, and service launches and developments in the TIC market.

Report Scope

The report covers the demand and supply side segmentation of the testing, inspection and certification market. The supply-side market segmentation includes sourcing type and service type, whereas the demand-side market segmentation includes application and region. The following figure represents an overview of the micro-markets covered in the report.

Testing, Inspection and Certification Market Size, and Share

The following are the years considered:

Testing, Inspection and Certification Market Size, and Share

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for this report:

Regional Analysis

  • Country-wise breakdown of the testing, inspection and certification market for North America, Europe, APAC, and RoW

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Testing, Inspection and Certification Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Testing, Inspection and Certification Market

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