Testing, Inspection, & Certification Market with COVID-19 Impact Analysis by Offering (In-house & Outsourced Services), Application (Consumer Goods & Retail, Agriculture & Food, Chemicals, Energy & Power, Automotive, IT & Telecommunications) & Geography - Global Forecast to 2025
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Request For Special Pricing[373 Pages Report] The TIC market is expected to grow at a CAGR% of 3.6% from USD 204.2 billion in 2020 to USD 243.7 billion in 2025. The primary reasons for this rise in demand is the increasing need for safety, surge in the illicit trade of counterfeit and pirated goods, advancements in networking and communication technologies, and inclination toward outsourced TIC services.
COVID-19 impact on global TIC market, by service type, in 2020
Many companies across the world have increased the manufacturing of medical equipment such as ventilators, personal protective equipment (PPE) kits, and N-95 masks, which has provided the players in the TIC market ample opportunities to test and certify these medical equipment. Many companies such as Eurofins and TÜV SÜD have started testing ventilators and masks. Thus, the escalated demand for testing services from the healthcare industry is driving the growth of the TIC market at present. If the coronavirus cases keep on increasing, it will surge the demand for these services in the next few months as well.
TIC Market Dynamics
Driver: Inclination toward outsourcing TIC services
Outsourcing TIC services to third-party service providers is a business practice used by multiple product and component manufacturers to ensure adherence to national and international standards of quality and safety, as well as to reduce recall costs and improve production efficiency by shifting non-core tasks, operations, jobs, or processes to an external third-party specialist for a long time. Outsourcing gives organizations more time to strengthen their core business processes, helps them reduce operational costs, and enables them to provide faster and better services. This facilitates improved productivity and process efficiency, thereby contributing to the increase in the company’s net income.
The trend of outsourcing TIC services to third-party specialists is being widely adopted by both private and government agencies (public firms).
Restraint: Diverse standards and regulations among many different nations
With globalization in trades and businesses, distinct local regulations and standards are likely to create barriers for the acceptance of products internationally. This creates conflicts between the local and international standards, thereby hindering the market growth. Variations in regulatory standards across different regions lead to discrepancies in tax rates, thereby incurring additional costs from companies (hiring local staff to handle tax-related issues, etc.). 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 provided by TIC companies always exists.
Opportunity: Rise in demand for TIC services globally
The TIC market has witnessed considerable change in terms of revenue shift from developed countries for the global key TIC players with extensive geographic reach to smaller economies. The revenue shift is largely a result of the ongoing trade war among countries such as the US and China. For instance, the trade war has led to the shift in revenue figures for the key TIC players from China to smaller economies such as Vietnam, Bangladesh, Sri Lanka, and Indonesia for application-specific testing, inspection, and certification services. Vietnam, which had a single recognizable furniture industry for the last 20 years, has benefited from the furniture industry as a result of trade war leading to shifting in demand for US-based furniture TIC services toward Vietnam instead of China. Currently, Vietnam is the second-largest exporter of furniture in Asia Pacific and fifth in the world, after China, Germany, Italy, and Poland. With an earlier focus on outdoor furniture, Vietnam has also started focusing on the new indoor furniture lines and has increased investment in advanced production techniques to meet the increasing demand. Also, a representative of the Ministry of Agriculture and Rural Development of Vietnam has plans to develop a world furniture center in the country, to capitalize on the country’s growth and also encourage trade. As of today, Vietnamese products enjoying zero tax, while Chinese manufacturers (the largest operator in the market) are subject to a 10% tariff. Key players operating in the Vietnamese TIC market offer a wide range of services, such as TIC services for outdoor domestic furniture, office furniture, Children’s furniture, and non-domestic furniture. For instance, SGS offers mechanical testing services for a wide range of furniture to comply with the global markets. A few of the major tests include ANSI BIFMA X5.1, ANSI BIFMA X5.5, ANSI BIFMA S6.5, ANSI SOHO S 6.5, ASTM F 1838, EN 12520, EN 1022, EN 1335, EN 13761, BS 4875, EN 581 Part 1, 2, 3, EN 14749, and EN 16121.
Challenge: Adoption of advanced technologies by smaller TIC players
Globalization has led to the penetration of multiple technologies across different end-use applications. 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 the technology is bringing about on the businesses is commendable. Technologies such as cognitive, blockchain, cybersecurity, and digital reality 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 instance, the augmented reality (AR) and virtual reality (VR) testing ecosystem is experiencing an increasingly competitive consumer landscape; brands are continuously trying to differentiate themselves and drive more customer engagement. Testing of the AR/VR technology is a challenge due to the presence of an immersive component that makes it difficult for any automated or lab testing. Hardware testing is a critical component of VR technology due to the presence of a separate hardware component to operate. Hardware testing helps manufacturers to ensure that the device is working properly, fits in the body of the target demographic, and also make sure that it is compatible with other devices needed to run the simulation. Adoption of testing, inspection, and certification services based on evolving technologies is creating a challenge for smaller players operating in the TIC ecosystem.
IN-House testing services are expected to witness the second largest market growth during the forecast period
In-house testing services provide companies complete control over the entire process. In-house testing is conducted by companies when it is associated with their core business expertise. To perform in-house TIC activities, a company must build in-house capabilities in terms of technology, test and measurement equipment, and skilled personnel. Approximately 60% of the testing, inspection, and certification services are conducted in-house. This process is particularly evident in applications such as life sciences, utilities, and public sectors. For instance, IBM has a dedicated in-house testing division to conduct its product testing. Certain industries, including food & beverages, agriculture, and chemicals, are focusing on developing their own dedicated in-house testing services. This is primarily due to their short product lifecycle.
The market for certification services to grow at highest CAGR in TIC market, by service type, in 2020
Certification services ensure product safety and performance attributes. Certification services mainly include customized audit and certification services with reference to quality, health and safety, environment, and social responsibility. These services aimed at improving business performance.
The market for agriculture and food application to grow at highest CAGR during forecast period
The agriculture and food industries are built on the principles of integrity, safety, and sustainability, and close monitoring of each principle is highly important. TIC services for the agriculture industry are required to ensure quality and improve the productivity of food products. These services also support companies playing a crucial role in trading agricultural commodities and food products by acquiring international certifications.
APAC to hold largest share of TIC market in 2020
The highest CAGR is due to the presence of giant manufacturing electronic companies in countries such as China, Japan, India, Vietnam, the Philippines, Bangladesh, etc.. The domestic markets in APAC are growing rapidly owing to the rising per capita income among the middle-class population. Moreover, there is a growing consumer awareness about the importance of certification. TIC players are increasing their horizons by setting up their testing labs in APAC countries due to high potential for various applications in this region.
Asia Pacific is the leading airbags & seatbelts market, globally, by volume as well as value, in 2019
Many economically advanced countries have their manufacturing units in the 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.
Scope of Report
|
Report Metric |
Details |
|
Market size available for years |
2016–2025 |
|
Base year considered |
2019 |
|
Forecast period |
2020–2025 |
|
Forecast units |
USD 243,702 Million |
|
Segments covered |
By application, by Service and By sourcing |
|
Geographies covered |
Asia Pacific, Europe, North America |
|
Companies covered |
SGS group, Bureau Veritas, Interek, Dekra SE, Eurofins Scientific, TUV SUD, DNV GL, APPLUS+ |
This research report categorizes the TIC market based on offering, end-use application, and region.
-TIC MARKET, BY SOURCING TYPE
- In-house services
- Outsourced services
- TIC MARKET, BY SERVICE TYPE
- Testing
- Inspection
- Certification
- Others
-TIC MARKET, BY APPLICATION
- Consumer Goods and Retail
- Agriculture and Food
- Chemicals
- Construction and Infrastructure
- Energy and Power
- Industrial manufacturing
- Medical and Life Sciences
- Mining
- Oil & Gas and Petroleum
- Public Sector
- Automotive
- Aerospace
- Marine
- Railways
- Supply Chain and Logistics
- IT and Telecommunications
- Sports & Entertainment
-GEOGRAPHIC
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- UK
- Italy
- Belgium
- Spain
- Switzerland
- Hungary
- Bulgaria
- Morocco
- Austria
- Turkey
- Croatia
- Ireland
- Greece
- Denmark
- Norway
- Netherlands
- Russia
- Poland
- Rest of Europe
- Asia Pacific (APAC)
- Japan
- China
- India
- Taiwan
- Thailand
- Indonesia
- Malaysia
- Korea Republic
- Australia
- South Korea
- Singapore
- Vietnam
- Hong Kong
- Bangladesh
- Philippines
- Rest of APAC
- Rest of the World (RoW)
- Brazil
- Argentina
- Saudi Arabia
- United Arab Emirates
- Peru
- Czech Republic
- Chile
- Colombia
- Venezuela
- Iran
- Iraq
- Qatar
- Oman
- Bahrain
- Egypt
- South Africa
- Rest of the Middle East and Africa
Recent Developments
- SGS opened a new textile laboratory in Ethiopia to provide a wide range of testing services for apparel and textile products.
- Intertek announced to expand its electromagnetic compatibility testing capabilities to cover electromagnetic fields. This expansion deals with human exposure at the workplace and measurements of such EMF fields to ascertain safety at the workplace for the employees to work.
- Bureau Veritas partnered with Cornis (Paris) to offer advanced blade inspection services for wind turbines.
Frequently Asked Questions (FAQ):
What is current size of global TIC market?
The global Tic market is estimated to be around 204.2 billion in 2020 and projected to reach 243.7 billion by 2025 at a CAGR of 3.60.
What is COVID-19 impact on global TIC market?
The COVID-19 pandemic has caused a huge strain on the economy, with many experts predicting that a recession as a part of the after-effects of the pandemic. Many organizations post-COVID-19 pandemic might strategize to downsizing by cutting business lines considered as non-critical. The companies shall cautiously return to work and should take the necessary precautions. They need to closely monitor all the latest developments and provide regular updates to their employees. The businesses across the wold need to return to normalcy; however, they have to undergo a drastic change to attract consumers after the crisis is over. As organizations recover, it would be essential to cast an eye on the future competitive landscape
Where will all these developments take the industry in the mid-to-long term?
Technology will continue to play a critical role in the TIC ecosystem. Key players operating in the TIC marketplace are integrating emerging technologies within their existing ecosystem, which has helped to improve methods of testing and inspection. Automation, computer simulation, and blockchain are among the prominent technologies underlining the TIC service modifications. Also, service providers introducing novel ways of interacting with customers, giving rise to new business models and new positioning options along the TIC value chain
Who are the winners of global TIC market?
Companies such as SGS group, Bureau Veritas, Interek, Dekra SE, Eurofins Scientific, TUV SUD, and DNV GL fall under the winners category. These companies cater to the requirements of their customers by providing customized products. They provide classification, technical assurance, software, and independent expert advisory services to the maritime, oil & gas, and energy industries. Moreover, the company offers certification services to customers across a wide range of industries .
What are some features of TIC?
The testing, inspection, and certification (TIC) market comprises companies that assist manufacturers and distributors in improving the marketability of their products. TIC services help manufacturers to improve productivity, comply with the global standards, enhance product quality, increase profitability, and ensure safety and brand security, thereby improving the product performance and mitigating all critical risks while strengthening their brands. These services aim to assure end users or consumers that manufacturers have followed national and international regulations and industry standards to maintain quality, safeguard public health, and ensure safety. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 36)
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 SEGMENTATION
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES MADE
2 RESEARCH METHODOLOGY (Page No. - 41)
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
2.2 MARKET SIZE ESTIMATION
FIGURE 3 PROCESS FLOW OF MARKET SIZE ESTIMATION
2.2.1 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE APPROACH
2.2.2 BOTTOM-UP APPROACH
2.2.3 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 4 DATA TRIANGULATION
2.4 LIMITATIONS
TABLE 1 STUDY LIMITATIONS
2.5 RESEARCH ASSUMPTION
TABLE 2 STUDY ASSUMPTIONS
2.6 COVID-19 ASSUMPTION
3 EXECUTIVE SUMMARY (Page No. - 52)
FIGURE 5 IMPACT OF COVID-19 ON TIC MARKET (2016–2025)
FIGURE 6 TIC TESTING MARKET, BY SERVICE TYPE (2019)
FIGURE 7 TIC TESTING MARKET, BY APPLICATION (2019)
FIGURE 8 TIC MARKET SHARE, BY REGION (2019)
4 PREMIUM INSIGHTS (Page No. - 56)
4.1 ATTRACTIVE OPPORTUNITIES IN TIC MARKET
FIGURE 9 RAPID ADOPTION OF PRODUCT STANDARDIZATION PRACTICES AND PENETRATION OF ADVANCED TECHNOLOGIES ACROSS MULTIPLE INDUSTRIES TO LEAD TIC MARKET GROWTH DURING FORECAST PERIOD
4.2 TIC MARKET, BY SERVICE
FIGURE 10 TESTING SERVICES TO HOLD LARGEST SIZE OF TIC MARKET IN 2020
4.3 TIC MARKET, BY APPLICATION
FIGURE 11 CONSUMER GOODS AND RETAIL APPLICATION TO ACCOUNT FOR LARGEST SIZE OF TIC MARKET IN 2020
4.4 TIC MARKET, BY AGRICULTURE AND FOOD APPLICATION
FIGURE 12 COMMODITIES TO WITNESS HIGHEST CAGR IN TIC MARKET FOR AGRICULTURE AND FOOD APPLICATION DURING FORECAST PERIOD
4.5 TIC MARKET, BY REGION
FIGURE 13 US ACCOUNTED FOR LARGEST SHARE OF TIC MARKET IN 2019
5 MARKET OVERVIEW (Page No. - 59)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 14 TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
FIGURE 15 TIC MARKET DRIVERS AND THEIR IMPACT
5.2.1.1 Surge in illicit trade of counterfeit and pirated goods
FIGURE 16 FOOTWEAR AND CLOTHING CONTRIBUTE MOST TO FAKE GOODS TRADING (2016)
5.2.1.2 Inclination toward outsourcing TIC services
5.2.1.3 High demand for testing services to ensure effective interoperability of connected devices and networks
FIGURE 17 GLOBAL IOT CONNECTIONS, 2018–2025 (BILLION)
5.2.1.4 Advancements in networking and communication technologies
5.2.2 RESTRAINTS
FIGURE 18 TIC MARKET RESTRAINT AND ITS IMPACT
5.2.2.1 Diverse standards and regulations among many different nations
TABLE 3 COST ESTIMATION FOR DIFFERENT STAGES OF EMC TESTING
5.2.3 OPPORTUNITIES
FIGURE 19 TIC MARKET OPPORTUNITIES AND THEIR IMPACT
5.2.3.1 Rise in demand for TIC services globally
5.2.3.2 Growth opportunities for small and medium-sized businesses
FIGURE 20 COMPANY-WISE NUMBER OF ACQUISITIONS FROM 2013 TO 2017
5.2.4 CHALLENGES
FIGURE 21 TIC MARKET CHALLENGE AND ITS IMPACT
5.2.4.1 Adoption of advanced technologies by smaller TIC players
5.3 INDUSTRY TRENDS
5.3.1 VALUE CHAIN ANALYSIS
FIGURE 22 VALUE CHAIN ANALYSIS: TIC MARKET
5.3.2 KEY INDUSTRY TRENDS
TABLE 4 MAJOR TRENDS IN TIC MARKET
5.3.3 PEST ANALYSIS
5.3.3.1 Political factors
5.3.3.2 Economic factors
5.3.3.3 Social factors
5.3.3.4 Technological factors
5.4 IMPACT OF COVID-19 ON TIC MARKET
5.4.1 COVID DRIVERS
5.4.1.1 increased demand for TIC services in healthcare industry
5.4.1.2 Rise in adoption of TIC services to ensure food safety
5.4.2 POST-COVID CHALLENGES
5.4.2.1 Post-COVID challenges faced by testing, inspection, and certification industry players
6 TIC MARKET, BY SERVICE TYPE (Page No. - 73)
6.1 INTRODUCTION
6.2 IMPACT OF COVID-19 ON CERTIFICATION SERVICES
TABLE 5 TIC CERTIFICATION MARKET, 2016–2025 (USD MILLION)
FIGURE 23 TIC CERTIFICATION SERVICES MARKET (2020–2025)
FIGURE 24 TESTING SERVICES TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OFTIC MARKET DURING FORECAST PERIOD
TABLE 6 TIC MARKET, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 7 TIC MARKET, BY SERVICE TYPE, 2020–2025 (USD MILLION)
6.3 TESTING
6.3.1 FOOD AND DRUGS TESTING HAS LED TO INCREASE IN DEMAND FOR TIC SERVICES
6.4 INSPECTION
6.4.1 INSPECTION SERVICES ALLOW PRODUCTS TO MEET INDUSTRY STANDARDS AND GOVERNMENT NORMS TO MINIMIZE LOSSES DUE TO DEFECTIVE PRODUCTS
6.5 CERTIFICATION
6.5.1 COMPLIANCE TO ENSURE MARKETABILITY OF PRODUCT IS ACHIEVED THROUGH CERTIFICATION SERVICES
6.6 OTHERS
7 TIC MARKET, BY SOURCING TYPE (Page No. - 80)
7.1 INTRODUCTION
7.2 IMPACT OF COVID-19 ON OUTSOURCED SERVICES
TABLE 8 TIC OUTSOURCED SERVICES MARKET, 2016–2025 (USD MILLION)
FIGURE 25 TIC OUTSOURCED SERVICES MARKET (2016–2025)
FIGURE 26 IN-HOUSE SERVICES TO ACCOUNT FOR LARGEST SIZE OF TIC MARKET IN 2020
TABLE 9 TIC MARKET, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 10 TIC MARKET, BY SOURCING TYPE, 2020–2025 (USD MILLION)
7.3 IN-HOUSE SERVICES
7.3.1 IN-HOUSE TESTING SERVICES TO CONTINUE TO CAPTURE LARGER MARKET SHARE DURING FORECAST PERIOD
7.4 OUTSOURCED SERVICES
7.4.1 MARKET FOR OUTSOURCED SERVICES TO GROW AT HIGHER CAGR DURING 2020–2025
8 TIC MARKET, BY APPLICATION (Page No. - 85)
8.1 INTRODUCTION
8.2 IMPACT OF COVID-19 ON AGRICULTURE AND FOOD
TABLE 11 TIC AGRICULTURE AND FOOD MARKET, 2016–2025 (USD MILLION)
FIGURE 27 TIC AGRICULTURE AND FOOD MARKET, BY APPLICATION (2016–2025)
FIGURE 28 CONSUMER GOODS AND RETAIL APPLICATION TO HOLD LARGEST MARKET SIZE OF GLOBAL TIC MARKET IN 2020
TABLE 12 TIC MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 13 TIC MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
8.3 CONSUMER GOODS AND RETAIL
8.3.1 STRICT MEASURES ARE TAKEN TO TEST AND CERTIFY ELECTRICAL AND ELECTRONIC PRODUCTS WITHIN CONSUMER GOODS AND RETAIL APPLICATION
8.3.2 PERSONAL CARE AND BEAUTY PRODUCTS
8.3.3 HARD GOODS
8.3.4 SOFTLINES AND ACCESSORIES
8.3.5 TOYS AND JUVENILE PRODUCTS
8.3.6 ELECTRICAL AND ELECTRONICS
8.3.7 OTHERS
TABLE 14 TIC MARKET FOR CONSUMER GOODS AND RETAIL APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 15 TIC MARKET FOR CONSUMER GOODS AND RETAIL APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.4 AGRICULTURE AND FOOD
8.4.1 HIGH DEMAND FOR CERTIFIED FOOD PRODUCTS HAS DRIVEN MARKET FOR TIC SERVICES FOR AGRICULTURE AND FOOD APPLICATIONS
8.4.2 SEEDS AND CROPS
8.4.3 FERTILIZERS
8.4.4 COMMODITIES
8.4.5 FOOD
8.4.6 FORESTRY
8.4.7 OTHERS
TABLE 16 TIC MARKET FOR AGRICULTURE AND FOOD APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 17 TIC MARKET FOR AGRICULTURE AND FOOD APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.5 CHEMICALS
8.5.1 ASSET INTEGRITY MANAGEMENT SERVICES ENSURE PRODUCTIVITY, RELIABILITY, AND SAFETY OF PLANT ASSETS
8.5.2 ASSET INTEGRITY MANAGEMENT SERVICES
8.5.3 PROJECT LIFECYCLE SERVICES
8.5.4 FINISHED PRODUCT SERVICES
8.5.5 CHEMICAL FEEDSTOCK SERVICES
8.5.6 OTHERS
TABLE 18 TIC MARKET FOR CHEMICAL APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 19 TIC MARKET FOR CHEMICAL APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.6 CONSTRUCTION AND INFRASTRUCTURE
8.6.1 HEAVY MACHINERY HAVE TO UNDERPASS TESTING AND INSPECTION BEFORE THEIR COMMERCIALIZATION, THEREBY DEMANDING TIC SERVICES
8.6.2 PROJECT MANAGEMENT SERVICES
8.6.3 MATERIAL SERVICES
8.6.4 CONSTRUCTION MACHINERY AND EQUIPMENT SERVICES
8.6.5 FACILITIES MANAGEMENT AND INSPECTION SERVICES
8.6.6 OTHERS
TABLE 20 TIC MARKET FOR CONSTRUCTION AND INFRASTRUCTURE APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 21 TIC MARKET FOR CONSTRUCTION AND INFRASTRUCTURE APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.7 ENERGY & POWER
8.7.1 INCREASING DEMAND FOR NUCLEAR, WIND, AND SOLAR SOURCES PROPEL TIC MARKET GROWTH
8.7.2 ENERGY SOURCES
8.7.2.1 Nuclear
8.7.2.2 Wind
8.7.2.3 Solar
8.7.2.4 Alternative fuels
8.7.2.5 Fuel oils and gases
8.7.2.6 Coal
8.7.3 POWER GENERATION
8.7.4 POWER DISTRIBUTION
8.7.5 ASSET INTEGRITY MANAGEMENT SERVICES
8.7.6 PROJECT LIFECYCLE SERVICES
8.7.7 OTHERS
FIGURE 29 ENERGY SOURCES TO LEAD TIC MARKET FOR ENERGY & POWER APPLICATION IN 2020
TABLE 22 TIC MARKET FOR ENERGY & POWER APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 23 TIC MARKET FOR ENERGY & POWER APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.8 INDUSTRIAL AND MANUFACTURING
8.8.1 TIC SERVICES PLAY CRITICAL ROLE IN QUALITY, CONFORMITY, AND SAFETY OF INDUSTRIAL PRODUCTS IN SUPPLY CHAIN OF INDUSTRIAL AND MANUFACTURING ECOSYSTEM
8.8.2 SUPPLIER-RELATED SERVICES
8.8.3 PRODUCTION- AND PRODUCT-RELATED SERVICES
8.8.4 PROJECT-RELATED SERVICES
8.8.5 OTHERS
TABLE 24 TIC MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 25 TIC MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.9 MEDICAL AND LIFE SCIENCES
8.9.1 TIC APPROVED ADVANCED MEDICAL DEVICES THAT ARE IN DEMAND WORLDWIDE DRIVE GROWTH OF MEDICAL AND LIFE SCIENCES APPLICATIONS
8.9.2 MEDICAL DEVICES
8.9.3 HEALTH, BEAUTY, AND WELLNESS
8.9.4 CLINICAL SERVICES
8.9.5 LABORATORY SERVICES
8.9.6 BIOPHARMACEUTICAL AND PHARMACEUTICAL SERVICES
8.9.7 OTHERS
TABLE 26 TIC MARKET FOR MEDICAL AND LIFE SCIENCES APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 27 TIC MARKET FOR MEDICAL AND LIFE SCIENCES APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.1 MINING
8.10.1 EXPLORATION SERVICES AND PRODUCTION & PLANT SERVICES CONTRIBUTE SIGNIFICANTLY TO GROWTH OF TIC MARKET FOR MINING APPLICATION
8.10.2 INSPECTION AND SAMPLING SERVICES
8.10.3 ANALYTICAL SERVICES
8.10.4 EXPLORATION SERVICES
8.10.5 METALLURGY AND PROCESS DESIGN SERVICES
8.10.6 PRODUCTION AND PLANT SERVICES
8.10.7 SITE OPERATIONS AND CLOSURE SERVICES
8.10.8 PROJECT RISK ASSESSMENT AND MITIGATION SERVICES
8.10.9 OTHERS
FIGURE 30 EXPLORATION SERVICES TO HOLD LARGEST SIZE OF TIC MARKET FOR MINING APPLICATION IN 2020
TABLE 28 TIC MARKET FOR MINING APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 29 TIC MARKET FOR MINING APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.11 OIL & GAS AND PETROLEUM
8.11.1 NEED FOR HIGH-QUALITY ANALYTICAL TESTING SERVICES AND SPECIALIST KNOWLEDGE IN UPSTREAM SEGMENT OF OIL & GAS AND PETROLEUM APPLICATION ACCELERATE DEMAND FOR TIC SERVICES
8.11.2 UPSTREAM
8.11.3 DOWNSTREAM
8.11.4 BIOFUELS AND FEEDSTOCK
8.11.5 PETROCHEMICALS
8.11.6 ASSET INTEGRITY MANAGEMENT
8.11.7 PROJECT LIFECYCLE
8.11.8 OTHERS
FIGURE 31 UPSTREAM SERVICES TO LEAD TIC MARKET FOR OIL & GAS AND PETROLEUM APPLICATION IN 2020
TABLE 30 TIC MARKET FOR OIL & GAS AND PETROLEUM APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 31 TIC MARKET FOR OIL & GAS AND PETROLEUM APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.12 PUBLIC SECTOR
8.12.1 PRODUCT CONFORMITY ASSESSMENT (PCA) REQUIRES TIC SERVICES TO ENSURE PRODUCTS MEET COUNTRY-LEVEL REGULATIONS
8.12.2 PRODUCT CONFORMITY ASSESSMENT SERVICES
8.12.3 MONITORING SERVICES
8.12.4 VALUATION SERVICES
8.12.5 OTHERS
TABLE 32 TIC MARKET FOR PUBLIC SECTOR APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 33 TIC MARKET FOR PUBLIC SECTOR APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.13 AUTOMOTIVE
8.13.1 VEHICLE INSPECTION SERVICES (VIS) IN AUTOMOTIVE INDUSTRY FOSTER GROWTH OF TIC MARKET
8.13.2 ELECTRICAL SYSTEMS AND COMPONENTS
8.13.3 ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS
8.13.4 TELEMATICS
8.13.5 FUELS, FLUIDS, AND LUBRICANTS
8.13.6 INTERIOR AND EXTERIOR MATERIALS AND COMPONENTS
8.13.7 VEHICLE INSPECTION SERVICES (VIS)
8.13.8 HOMOLOGATION TESTING
8.13.9 OTHERS
TABLE 34 TIC MARKET FOR AUTOMOTIVE APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 35 TIC MARKET FOR AUTOMOTIVE APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.14 AEROSPACE
8.14.1 FLIGHT TESTS, TRACEABILITY-TO-CERTIFICATION MANAGEMENT, AND CERTIFICATION WITHIN AVIATION MANAGEMENT APPLICATION PLAY CRUCIAL ROLE IN GROWTH OF TIC MARKET
8.14.2 AEROSPACE MANUFACTURING SERVICES
8.14.3 AVIATION MANAGEMENT SERVICES
8.14.4 OTHERS
TABLE 36 TIC MARKET FOR AEROSPACE APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 37 TIC MARKET FOR AEROSPACE APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.15 MARINE
8.15.1 TIC SERVICES PLAY VITAL ROLE IN MARINE FUEL SYSTEM AND COMPONENT TESTING IN MARINE APPLICATIONS
8.15.2 MARINE FUEL SYSTEM AND COMPONENT SERVICES
8.15.3 SHIP CLASSIFICATION SERVICES
8.15.4 MARINE MATERIAL AND EQUIPMENT SERVICES
8.15.5 OTHERS
TABLE 38 TIC MARKET FOR MARINE APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 39 TIC MARKET FOR MARINE APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.16 RAILWAYS
8.16.1 RAIL CONSTRUCTION AND PRODUCTION MONITORING ACTIVITIES AUGMENT DEMAND FOR TIC SERVICES
8.16.2 RAIL CONSTRUCTION AND PRODUCTION MONITORING
8.16.3 INFRASTRUCTURE MANAGEMENT
8.16.4 OTHERS
TABLE 40 TIC MARKET FOR RAILWAYS APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 41 TIC MARKET FOR RAILWAYS APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.17 SUPPLY CHAIN AND LOGISTICS
8.17.1 TIC SERVICES ARE IMPLEMENTED IN SUPPLY CHAIN AND LOGISTICS APPLICATIONS TO PROTECT PACKAGING FROM DAMAGE OR DEGRADATION
8.17.2 PACKAGING & HANDLING
8.17.3 RISK MANAGEMENT
8.17.4 OTHERS
TABLE 42 TIC MARKET FOR SUPPLY CHAIN AND LOGISTICS APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 43 TIC MARKET FOR SUPPLY CHAIN AND LOGISTICS APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.18 IT AND TELECOM
8.18.1 TESTING OF MODULES TO MEET REGULATORY REQUIREMENTS IN IT AND TELECOM SECTOR DUE TO VARIATIONS IN COUNTRY-LEVEL REGULATIONS WILL BOOST DEMAND FOR TIC SERVICES
8.18.2 TELECOM AND IT INFRASTRUCTURE EQUIPMENT
8.18.3 MODULES AND DEVICES
TABLE 44 TIC MARKET FOR IT & TELECOM APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 45 TIC MARKET FOR IT & TELECOM APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
8.19 SPORTS & ENTERTAINMENT
8.19.1 THREATS OF PRODUCT RECALLS, AND INJURIES AND POTENTIAL FATALITIES DRIVE DEMAND FOR TIC SERVICES IN SPORTS & ENTERTAINMENT APPLICATION
8.19.2 SPORTS VENUES AND FACILITIES
8.19.3 SPORTING GOODS AND PROTECTIVE EQUIPMENT
TABLE 46 TIC MARKET FOR SPORTS & ENTERTAINMENT APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 47 TIC MARKET FOR SPORTS & ENTERTAINMENT APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
9 GEOGRAPHIC ANALYSIS (Page No. - 136)
9.1 INTRODUCTION
FIGURE 32 GEOGRAPHIC SNAPSHOT: VIETNAM TO GROW AT THE FASTEST CAGR DURING THE FORECAST PERIOD
FIGURE 33 APAC TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF TIC MARKET DURING FORECAST PERIOD
TABLE 48 TIC MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 49 TIC MARKET, BY REGION, 2020–2025 (USD MILLION)
9.2 NORTH AMERICA
FIGURE 34 SNAPSHOT OF TIC MARKET IN NORTH AMERICA
TABLE 50 TIC MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 51 TIC MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 52 TIC MARKET IN NORTH AMERICA, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 53 TIC MARKET IN NORTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 54 TIC MARKET IN NORTH AMERICA, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 55 TIC MARKET IN NORTH AMERICA, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 56 TIC MARKET IN NORTH AMERICA, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 57 TIC MARKET IN NORTH AMERICA, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.2.1 US
9.2.1.1 Increased investments in developing next-generation technologies such as artificial intelligence and digital twin
TABLE 58 TIC MARKET IN US, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 59 TIC MARKET IN US, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 60 TIC MARKET IN US, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 61 TIC MARKET IN US, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.2.2 CANADA
9.2.2.1 Growing demand for TIC services across manufacturing and telecommunications industries
TABLE 62 TIC MARKET IN CANADA, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 63 TIC MARKET IN CANADA, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 64 TIC MARKET IN CANADA, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 65 TIC MARKET IN CANADA, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 66 TIC MARKET IN CANADA, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 67 TIC MARKET IN CANADA, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.2.3 MEXICO
9.2.3.1 Huge potential for growth in automotive and aerospace TIC services
TABLE 68 TIC MARKET IN MEXICO, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 69 TIC MARKET IN MEXICO, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 70 TIC MARKET IN MEXICO, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 71 TIC MARKET IN MEXICO, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 72 TIC MARKET IN MEXICO, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 73 TIC MARKET IN MEXICO, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.3 EUROPE
FIGURE 35 SNAPSHOT OF TIC MARKET IN EUROPE
TABLE 74 TIC MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 75 TIC MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 76 TIC MARKET IN EUROPE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 77 TIC MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 78 TIC MARKET IN EUROPE, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 79 TIC MARKET IN EUROPE, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 80 TIC MARKET IN EUROPE, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 81 TIC MARKET IN EUROPE, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.3.1 GERMANY
9.3.1.1 Industry 4.0 creates space for TIC ecosystem in automotive and medical applications across country
TABLE 82 TIC MARKET IN GERMANY, BY APPLICATION, 2016-2019 (USD MILLION)
TABLE 83 TIC MARKET IN GERMANY, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 84 TIC MARKET IN GERMANY, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 85 TIC MARKET IN GERMANY, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 86 TIC MARKET IN GERMANY, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 87 TIC MARKET IN GERMANY, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.3.2 UK
9.3.2.1 Adoption of newer technologies and enforcement of strict regulations across agriculture and food application will create new growth opportunities for TIC market in UK
TABLE 88 TIC MARKET IN UK, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 89 TIC MARKET IN UK, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 90 TIC MARKET IN UK, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 91 TIC MARKET IN UK, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 92 TIC MARKET IN UK, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 93 TIC MARKET IN UK, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.3.3 FRANCE
9.3.3.1 Exports have seen significant growth, thereby fueling demand for TIC services
TABLE 94 TIC MARKET IN FRANCE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 95 TIC MARKET IN FRANCE, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 96 TIC MARKET IN FRANCE, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 97 TIC MARKET IN FRANCE, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 98 TIC MARKET IN FRANCE, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 99 TIC MARKET IN FRANCE, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.3.4 ITALY
9.3.4.1 Government strives to maintain product standards and meet international regulatory measures
TABLE 100 TIC MARKET IN ITALY, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 101 TIC MARKET IN ITALY, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 102 TIC MARKET IN ITALY, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 103 TIC MARKET IN ITALY, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 104 TIC MARKET IN ITALY, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 105 TIC MARKET IN ITALY, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.3.5 SPAIN
9.3.5.1 Privatization in aerospace industry has seen huge development and is creating opportunities for TIC players
TABLE 106 TIC MARKET IN SPAIN, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 107 TIC MARKET IN SPAIN, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 108 TIC MARKET IN SPAIN, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 109 TIC MARKET IN SPAIN, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 110 TIC MARKET IN SPAIN, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 111 TIC MARKET IN SPAIN, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.3.6 BELGIUM
9.3.6.1 Petroleum and chocolate industries are driving TIC market growth in Belgium
TABLE 112 TIC MARKET IN BELGIUM, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 113 TIC MARKET IN BELGIUM, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 114 TIC MARKET IN BELGIUM, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 115 TIC MARKET IN BELGIUM, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 116 TIC MARKET IN BELGIUM, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 117 TIC MARKET IN BELGIUM, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.3.7 RUSSIA
9.3.7.1 TIC players witnessing scope and opportunities in petroleum and exports sectors
TABLE 118 TIC MARKET IN RUSSIA, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 119 TIC MARKET IN RUSSIA, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 120 TIC MARKET IN RUSSIA, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 121 TIC MARKET IN RUSSIA, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 122 TIC MARKET IN RUSSIA, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 123 TIC MARKET IN RUSSIA, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.3.8 NETHERLANDS
9.3.8.1 Increasing innovations in Netherlands has led to increase in product offerings, thereby fostering demand for tic services
TABLE 124 TIC MARKET IN NETHERLANDS, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 125 TIC MARKET IN NETHERLANDS, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 126 TIC MARKET IN NETHERLANDS, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 127 TIC MARKET IN NETHERLANDS, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 128 TIC MARKET IN NETHERLANDS, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 129 TIC MARKET IN NETHERLANDS, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.3.9 SWITZERLAND
9.3.9.1 Consumer goods and retail industry is booming, thereby surging demand for TIC services
TABLE 130 TIC MARKET IN SWITZERLAND, BY APPLICATION, 2016–2019 (USD THOUSAND)
TABLE 131 TIC MARKET IN SWITZERLAND, BY APPLICATION, 2020–2025 (USD THOUSAND)
TABLE 132 TIC MARKET IN SWITZERLAND, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 133 TIC MARKET IN SWITZERLAND, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 134 TIC MARKET IN SWITZERLAND, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 135 TIC MARKET IN SWITZERLAND, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.3.10 HUNGARY
9.3.10.1 E-commerce industry invites plethora of opportunities for TIC players in Hungary
9.3.11 POLAND
9.3.11.1 Technologies such as IoT, cloud computing, and cybersecurity are and boosting TIC market 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 Growing focus on electronic manufacturing to improve global ranking
9.3.14 MOROCCO
9.3.14.1 Agro-industrial and renewable companies to contribute to TIC market growth in Morocco
9.3.15 NORWAY
9.3.15.1 Exports and petroleum industries contribute in improving global rankings
9.3.16 ROMANIA
9.3.16.1 Software and service industries have helped generate employment in Romania
9.3.17 AUSTRIA
9.3.17.1 Logistics and telecommunication sectors to pull demand for TIC services in Austria
9.3.18 TURKEY
9.3.18.1 Turkey has become new hub for start-ups and innovative companies that encourages TIC service providers to stretch their services in turkey
9.3.19 CROATIA
9.3.19.1 Developmental strategies in Croatia to boost demand for TIC services
9.3.20 IRELAND
9.3.20.1 Innovative technologies help Ireland to improve global ranking
9.3.21 GREECE
9.3.21.1 Strategic location has helped in fishing, mining, and export industries
9.3.22 REST OF EUROPE (ROE)
9.4 ASIA PACIFIC
FIGURE 36 SNAPSHOT OF TIC MARKET IN APAC
TABLE 136 TIC MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 137 TIC MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 138 TIC MARKET IN APAC, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 139 TIC MARKET IN APAC, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 140 TIC MARKET IN APAC, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 141 TIC MARKET IN APAC, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 142 TIC MARKET IN APAC, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 143 TIC MARKET IN APAC, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.4.1 CHINA
9.4.1.1 Growing development in technology and medical space has encouraged TIC service providers
TABLE 144 TIC MARKET IN CHINA, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 145 TIC MARKET IN CHINA, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 146 TIC MARKET IN CHINA, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 147 TIC MARKET IN CHINA, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 148 TIC MARKET IN CHINA, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 149 TIC MARKET IN CHINA, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.4.2 JAPAN
9.4.2.1 Stringent telecommunication compliances to ensure safety and security of its harmful effects on human beings
TABLE 150 TIC MARKET IN JAPAN, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 151 TIC MARKET IN JAPAN, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 152 TIC MARKET IN JAPAN, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 153 TIC MARKET IN JAPAN, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 154 TIC MARKET IN JAPAN, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 155 TIC MARKET IN JAPAN, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.4.3 INDIA
9.4.3.1 Demand for TIC services is increasing with rising investments in infrastructure and construction sectors
TABLE 156 TIC MARKET IN INDIA, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 157 TIC MARKET IN INDIA, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 158 TIC MARKET IN INDIA, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 159 TIC MARKET IN INDIA, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 160 TIC MARKET IN INDIA, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 161 TIC MARKET IN INDIA, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.4.4 SOUTH KOREA
9.4.4.1 Huge potential in exports and manufacturing industries including electronics and medical devices
TABLE 162 TIC MARKET IN SOUTH KOREA, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 163 TIC MARKET IN SOUTH KOREA, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 164 TIC MARKET IN SOUTH KOREA, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 165 TIC MARKET IN SOUTH KOREA, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 166 TIC MARKET IN SOUTH KOREA, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 167 TIC MARKET IN SOUTH KOREA, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.4.5 AUSTRALIA
9.4.5.1 Healthcare and mining industries support growth of Australian TIC market
TABLE 168 TIC MARKET IN AUSTRALIA, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 169 TIC MARKET IN AUSTRALIA, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 170 TIC MARKET IN AUSTRALIA, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 171 TIC MARKET IN AUSTRALIA, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 172 TIC MARKET IN AUSTRALIA, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 173 TIC MARKET IN AUSTRALIA, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.4.6 SINGAPORE
9.4.6.1 Stringent government policies in electric and electronic products create demand for TIC services
TABLE 174 TIC MARKET IN SINGAPORE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 175 TIC MARKET IN SINGAPORE, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 176 TIC MARKET IN SINGAPORE, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 177 TIC MARKET IN SINGAPORE, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 178 TIC MARKET IN SINGAPORE, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 179 TIC MARKET IN SINGAPORE, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.4.7 THAILAND
9.4.7.1 Telecommunication and manufacturing industries contribute TIC market growth in Thailand
TABLE 180 TIC MARKET IN THAILAND, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 181 TIC MARKET IN THAILAND, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 182 TIC MARKET IN THAILAND, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 183 TIC MARKET IN THAILAND, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 184 TIC MARKET IN THAILAND, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 185 TIC MARKET IN THAILAND, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.4.8 INDONESIA
9.4.8.1 Mandatory testing of electronic products in country
TABLE 186 TIC MARKET IN INDONESIA, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 187 TIC MARKET IN INDONESIA, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 188 TIC MARKET IN INDONESIA, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 189 TIC MARKET IN INDONESIA, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 190 TIC MARKET IN INDONESIA, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 191 TIC MARKET IN INDONESIA, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.4.9 MALAYSIA
9.4.9.1 Electrical & electronics, banking and IT sectors foster Malaysian market growth
9.4.10 VIETNAM
9.4.10.1 Mandatory testing, inspection, and certification of cosmetic products accelerates TIC market growth
9.4.11 TAIWAN
9.4.11.1 Huge potential in automotive, cosmetics, and telecommunications industries boosts demand for TIC services
9.4.12 HONG KONG
9.4.12.1 Stringent and mandatory norms set by government create opportunities for TIC players in Hong Kong
9.4.13 BANGLADESH
9.4.13.1 Textiles industry and investments made in energy & power industry contribute to TIC market growth
9.4.14 PHILIPPINES
9.4.14.1 Growing ICT sector accelerates demand for TIC services in Philippines
9.4.15 REST OF APAC (ROAPAC)
9.5 REST OF THE WORLD
FIGURE 37 SNAPSHOT OF TIC MARKET IN ROW
TABLE 192 TIC MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
TABLE 193 TIC MARKET IN ROW, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 194 TIC MARKET IN ROW, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 195 TIC MARKET IN ROW, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 196 TIC MARKET IN ROW, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 197 TIC MARKET IN ROW, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 198 TIC MARKET IN ROW, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 199 TIC MARKET IN ROW, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.5.1 BRAZIL
9.5.1.1 Opportunities created by favorable government policies in energy, infrastructure, defense, and healthcare industries
TABLE 200 TIC MARKET IN BRAZIL, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 201 TIC MARKET IN BRAZIL, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 202 TIC MARKET IN BRAZIL, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 203 TIC MARKET IN BRAZIL, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 204 TIC MARKET IN BRAZIL, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 205 TIC MARKET IN BRAZIL, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.5.2 ARGENTINA
9.5.2.1 Mutual agreements and contracts have increased imports and export of products, ultimately fueling demand for tic services in Argentina
TABLE 206 TIC MARKET IN ARGENTINA, BY APPLICATION, 2016–2019 (USD THOUSANDS)
TABLE 207 TIC MARKET IN ARGENTINA, BY APPLICATION, 2020–2025 (USD THOUSANDS)
TABLE 208 TIC MARKET IN ARGENTINA, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 209 TIC MARKET IN ARGENTINA, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 210 TIC MARKET IN ARGENTINA, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 211 TIC MARKET IN ARGENTINA, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.5.3 SAUDI ARABIA
9.5.3.1 Existence of oil reserves creates new revenue pockets for TIC service providers
TABLE 212 TIC MARKET IN SAUDI ARABIA, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 213 TIC MARKET IN SAUDI ARABIA, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 214 TIC MARKET IN SAUDI ARABIA, BY SERVICE TYPE, 2016–2019 (USD MILLION)
TABLE 215 TIC MARKET IN SAUDI ARABIA, BY SERVICE TYPE, 2020–2025 (USD MILLION)
TABLE 216 TIC MARKET IN SAUDI ARABIA, BY SOURCING TYPE, 2016–2019 (USD MILLION)
TABLE 217 TIC MARKET IN SAUDI ARABIA, BY SOURCING TYPE, 2020–2025 (USD MILLION)
9.5.4 UNITED ARAB EMIRATES
9.5.4.1 Development in manufacturing sector to surge demand for TIC services in UAE
9.5.5 PERU
9.5.5.1 Building and constructing sectors to expand TIC market in Peru
9.5.6 CZECH REPUBLIC
9.5.6.1 Economy of Czech Republic is backed by automotive manufacturing
9.5.7 CHILE
9.5.7.1 Innovative and latest technologies are shaping market in Chile and motivating the tic companies to broaden their market in Chile
9.5.8 COLOMBIA
9.5.8.1 Medical and pharmaceutical industries are booming in Columbia
9.5.9 VENEZUELA
9.5.9.1 Oil & Gas and Petroleum industry to provide growth opportunities to TIC market
9.5.10 IRAN
9.5.10.1 Stringent and tight regulations for imported products to ensure safety and reliability to create demand for TIC services
9.5.11 IRAQ
9.5.11.1 Booming consumer goods and retail industry in Iraq to 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 accelerate demand for tic market in Bahrain
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, power & energy, and communications
9.5.17 REST OF MIDDLE EAST AND AFRICA
10 COMPETITIVE LANDSCAPE (Page No. - 271)
10.1 OVERVIEW
FIGURE 38 TIC MARKET TOP 5 COMPANIES (2019)
10.2 RANKING ANALYSIS: TIC MARKET
FIGURE 39 RANKING OF TOP 5 PLAYERS IN TIC MARKET (2019)
10.3 COMPETITIVE LEADERSHIP MAPPING, 2019
10.3.1 VISIONARY LEADERS
10.3.2 DYNAMIC DIFFERENTIATORS
10.3.3 INNOVATORS
10.3.4 EMERGING COMPANIES
FIGURE 40 TIC MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
10.3.5 STRENGTH OF SERVICE PORTFOLIO
FIGURE 41 SERVICE PORTFOLIO ANALYSIS OF TOP PLAYERS IN TIC MARKET
10.3.6 BUSINESS STRATEGY EXCELLENCE
FIGURE 42 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN TIC MARKET
10.4 COMPETITIVE SITUATION AND TRENDS
10.4.1 SERVICE EXPANSIONS
TABLE 218 SERVICE EXPANSIONS, 2019
10.4.2 SERVICE LAUNCHES AND DEVELOPMENTS
TABLE 219 SERVICE LAUNCHES AND DEVELOPMENTS, 2019
10.4.3 ACQUISITIONS
TABLE 220 ACQUISITIONS, 2019
10.4.4 PARTNERSHIPS AND AGREEMENTS
TABLE 221 PARTNERSHIPS AND AGREEMENTS, 2019 & 2020
11 COMPANY PROFILES (Page No. - 279)
11.1 INTRODUCTION
(Business Overview, Services Offered, Recent Developments, COVID-19-related Developments SWOT Analysis, and MnM View)*
11.2 KEY PLAYERS
11.2.1 SGS GROUP
FIGURE 43 SGS GROUP: COMPANY SNAPSHOT
11.2.2 BUREAU VERITAS
FIGURE 44 BUREAU VERITAS: COMPANY SNAPSHOT
11.2.3 INTERTEK
FIGURE 45 INTERTEK: COMPANY SNAPSHOT
11.2.4 DEKRA SE
FIGURE 46 DEKRA SE: COMPANY SNAPSHOT
11.2.5 EUROFINS SCIENTIFIC
FIGURE 47 EUROFINS SCIENTIFIC: COMPANY SNAPSHOT
11.2.6 TÜV SÜD
FIGURE 48 TÜV SÜD: COMPANY SNAPSHOT
11.2.7 DNV GL
FIGURE 49 DNV GL: COMPANY SNAPSHOT
11.2.8 TÜV RHEINLAND
FIGURE 50 TÜV RHEINLAND: COMPANY SNAPSHOT
11.2.9 APPLUS+
FIGURE 51 APPLUS+: COMPANY SNAPSHOT
11.2.10 ALS LIMITED
FIGURE 52 ALS LIMITED: COMPANY SNAPSHOT
11.2.11 TÜV NORD GROUP
FIGURE 53 TÜV NORD GROUP: COMPANY SNAPSHOT
11.2.12 LLOYD’S REGISTER GROUP LIMITED
FIGURE 54 LLOYD’S REGISTER GROUP LIMITED: COMPANY SNAPSHOT
11.2.13 MISTRAS
FIGURE 55 MISTRAS: COMPANY SNAPSHOT
11.2.14 ELEMENT MATERIALS TECHNOLOGY
11.2.15 UL LLC
11.3 OTHER IMPORTANT PLAYERS AND ASSOCIATIONS
11.3.1 IRCLASS
11.3.2 QS TESTING
11.3.3 THOMAS BELL-WRIGHT INTERNATIONAL CONSULTANTS
11.3.4 TIC SERA
11.3.5 HOHENSTEIN
11.3.6 APAVE INTERNATIONAL
11.3.7 SAI GLOBAL
11.3.8 ASTM INTERNATIONAL
11.3.9 VDE TESTING INSTITUTE
11.3.10 KEYSTONE COMPLIANCE
11.3.11 WASHINGTON LABORATORIES LTD.
11.3.12 FORCE TECHNOLOGY
11.3.13 KIWA INSPECTA
11.3.14 RINA S.P.A.
11.3.15 TECHNICKÁ INŠPEKCIA
11.3.16 TÜRK LOYDU
11.3.17 SAFETY ASSESSMENT FEDERATION (SAFED)
11.3.18 HV TECHNOLOGIES INC.
11.4 KEY INNOVATORS
11.4.1 AVOMEEN ANALYTICAL SERVICES
11.4.2 ENVIGO
11.4.3 GATEWAY ANALYTICAL
11.4.4 MEDISTRI SA
*Details Business Overview, Services Offered, Recent Developments, COVID-19-related Developments SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
12 ADJACENT AND RELATED MARKETS (Page No. - 356)
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 TIC ECOSYSTEM AND INTERCONNECTED MARKETS
FIGURE 56 AUTOMOTIVE TIC MARKET, BY APPLICATION, 2019–2024
12.4 AUTOMOTIVE TIC MARKET, BY APPLICATION
12.4.1 ELECTRICAL SYSTEMS AND COMPONENTS
TABLE 222 AUTOMOTIVE TIC MARKET FOR ELECTRICAL SYSTEMS AND COMPONENTS, BY REGION, 2016–2024 (USD MILLION)
12.4.2 ELECTRICAL VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS
TABLE 223 AUTOMOTIVE TIC MARKET FOR ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS, BY REGION, 2016–2024 (USD MILLION)
12.4.3 TELEMATICS
TABLE 224 AUTOMOTIVE TIC MARKET FOR TELEMATICS, BY REGION, 2016–2024 (USD MILLION)
12.4.4 FUELS, FLUIDS, AND LUBRICANTS
TABLE 225 AUTOMOTIVE TIC MARKET FOR FUELS, FLUIDS, AND LUBRICANTS, BY REGION, 2016–2024 (USD MILLION)
12.4.5 INTERIOR AND EXTERIOR MATERIALS AND COMPONENTS
TABLE 226 AUTOMOTIVE TIC MARKET FOR INTERIOR & EXTERIOR MATERIALS AND COMPONENTS, BY REGION, 2016–2024 (USD MILLION)
12.4.6 VEHICLE INSPECTION SERVICES (VIS)
TABLE 227 AUTOMOTIVE TIC MARKET FOR VEHICLE INSPECTION SERVICES, BY REGION, 2016–2024 (USD MILLION)
12.4.7 HOMOLOGATION TESTING
TABLE 228 AUTOMOTIVE TIC MARKET FOR HOMOLOGATION TESTING, BY REGION, 2016–2024 (USD MILLION)
12.4.8 OTHERS
TABLE 229 AUTOMOTIVE TIC MARKET FOR OTHER APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
12.5 AUTOMOTIVE TIC MARKET, BY REGION
12.5.1 NORTH AMERICA
TABLE 230 AUTOMOTIVE TIC MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2024 (USD MILLION)
12.5.2 EUROPE
TABLE 231 AUTOMOTIVE TIC MARKET IN EUROPE, BY COUNTRY, 2016–2024 (USD MILLION)
12.5.3 APAC
TABLE 232 AUTOMOTIVE TIC MARKET IN APAC, BY COUNTRY, 2016–2024 (USD MILLION)
12.5.4 ROW
TABLE 233 AUTOMOTIVE TIC MARKET IN ROW, BY REGION, 2016–2024 (USD MILLION)
13 APPENDIX (Page No. - 366)
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the TIC market. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources were referred to for identifying and collecting information important for this study. These secondary sources include biometric technologies journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the TIC market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information, as well as to verify and validate the critical numbers arrived at.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the TIC market and other dependent submarkets listed in this report.
- Key players in the industry and markets were identified through extensive secondary research.
- In terms of value, the industry’s supply chain and market size were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed wherever applicable. The data was triangulated by studying various factors and trends identified from both demand and supply sides in government, consumer electronics, healthcare, banking & finance, travel & immigration, automotive, and military & defense verticals, among others.
Report Objectives
The following are the primary objectives of the study.
- To define, describe, and forecast the TIC market based on the testing method, offering, end-use application, and geography
- To forecast the market size of various segments with respect to 4 main regions: North America, Europe, Asia Pacific, and Rest of the World
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To strategically profile the key players and comprehensively analyze their market ranking and core competencies, along with detailing the competitive landscape for market leaders
- To analyze the competitive developments such as agreements, contracts, partnerships, acquisitions, and product launches & developments carried out in the TIC market
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With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information:
Detailed analysis and profiling of additional market players (up to 5)
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- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Testing, Inspection, & Certification Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
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Growth opportunities and latent adjacency in Testing, Inspection, & Certification Market