The testing, inspection, and certification (TIC) services ensure that a product meets the regulatory standards related to quality, technical safety, and performance. The implementation of new regulations & standards, outsourcing ....see more
The ultrasonic testing market is expected to grow from USD 2.92 billion in 2024 to USD 4.60 billion by 2029, at a compound annual growth rate (CAGR) of 9.5% during the forecast period.The key players Baker Hughes Company (US), EVIDENT (Japan), Eddyfi (Canada), Sonatest (US), NDT Systems Inc (US), SGS SOCIETE GENERALE DE SURVEILLANCE SA. (Switzerland), Intertek Group plc (UK), MISTRAS Group (US), DEKRA (Germany), Applus+ (Spain), TÜV Rheinland (Germany), Element Materials Technology (UK), Acoustic Control Systems (Germany), Amerapex Corporation (US), Ashtead Technology (Scotland), Acuren (US), Modsonic Instruments Mfg. Co. (P) Ltd. (India), SONOTEC GmbH (Germany), Applied Technical Services (US), Nexxis (Australia), Vertech Group (Australia), Guided Ultrasonics Ltd. (US), IRISNDT (Canada), Nanjing BKN Automation System Co., Ltd. (China), and OKOndt GROUP (US).
The global food certification market is projected to reach USD 7.72 in 2029 at a rate of 5.7% during the forecast period. The report profiles key players such as DEKRA (Germany), SGS (France), Intertek Group plc (UK), AsureQuality (New Zealand), and Bureau Veritas (France), LQRA (UK), DNV (Norway), TÜV SÜD (Germany), Kiwa (Netherlands), ALS (US), UL LLC (US), EAGLE Certification Group (US), INTL Certification Limited (UK), Assurecloud (Africa) and Control Union Certifications (Netherlands).
The global Aerospace testing market is expected to grow from USD 5.29 billion in 2024 to USD 6.68 billion by 2029, at a compound annual growth rate (CAGR) of 4.8% during the forecast period.The key players Element Materials Technology (UK), SGS SA (Switzerland), Intertek Group plc (UK), Applus+ (Spain), TÜV SÜD (Germany), TÜV Rheinland (Germany), TÜV NORD Group (Germany), Rohde & Schwarz (Germany), Eurofins Scientific (Luxembourg), The Boeing Company (US), Airbus (Netherlands), MISTRAS Group (US), Lockheed Martin Corporation (US), Bureau Veritas (France), and DEKRA (Germany).
The OTA Testing market is expected to grow from USD 2.23 billion in 2024 to USD 3.17 billion by 2029, at a compound annual growth rate (CAGR) of 7.3% during the forecast period.The key players Rhode & Schwarz (Germany), Keysight Technologies (US), Anritsu (Japan), SGS SA (Switzerland), Intertek Group plc (UK), National Instruments (US), UL LLC (US), Spirent Communications (UK), Bureau Veritas (France), and Eurofins Scientific (Luxembourg).
The test and measurement equipment market size is expected to grow from USD 38.91 billion in 2024 to USD 47.01 billion by 2029, at a compound annual growth rate (CAGR) of 3.9% during the forecast period. The key Players Keysight Technologies (US), Fortive (US), AMETEK.Inc. (US), Rohde & Schwarz (Germany), NATIONAL INSTRUMENTS CORP. (US), Teledyne Technologies (US), VIAVI Solutions Inc. (US), Anritsu (Japan), Yokogawa Electric Corporation (Japan), Advantest Corporation (Japan), EXFO Inc. (Canada), Fujian Lilliput Optoelectronics Technology Co., Ltd (OWON) (China), IKM Instrutek (Norway), Uni-Trend Technology (China) Co., Ltd. (China), Particle Measuring Systems is a Spectris Company (US), Mextech Technologies India Private Limited (India), RIGOL TECHNOLOGIES, Co. LTD. (China), Good Will Instrument Co., Ltd. (Taiwan), ADLINK Technology Inc. (Taiwan), Leader Electronics Corporation (Japan), Crystal Instruments Corporation (US), Astronics Corporation (US), Vaunix Technology Corporation (US), DS Instruments (US), Saluki Technology (Taiwan), and Insplorion (Sweden).
The global asset integrity management market is expected to grow from USD 23.9 billion in 2024 to USD 31.5 billion by 2029, at a compound annual growth rate (CAGR) of 5.7% during the forecast period.The key players SGS Société Générale de Surveillance SA. (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), TechnipFMC plc (UK), Aker Solutions (Norway), Applus+ (Spain), DNV AS (Norway), John Wood Group PLC (UK), Oceaneering International, Inc. (US), Fluor Corporation (US), Baker Hughes Company (US).
The wireless testing market Size is expected to grow from USD 22.6 billion in 2024 to USD 34.1 billion by 2029, at a compound annual growth rate (CAGR) of 8.6% during the forecast period.The key players SGS Group (Switzerland), Bureau Veritas (France), Intertek (UK), DEKRA SE (Germany), Anritsu (Japan), ALifecom Technology (Taiwan), Keysight Technologies (US), Rohde & Schwarz (Germany), VIAVI Solutions (US), TÜV NORD Group (Germany).
The global testing, inspection, and certification market is expected to grow from USD 233.2 billion in 2024 to USD 280.6 billion by 2029, at a compound annual growth rate (CAGR) of 3.8% during the forecast period.The key players SGS SA (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), Eurofins Scientific (Luxembourg), DEKRA (Germany), TÜV SÜD (Germany), DNV GL (Norway), TÜV RHEINLAND (Germany), Applus+ (Spain), ALS (Australia), TÜV NORD Group (Germany), Lloyd’s Register Group Services Limited (UK), MISTRAS Group (USA), ASTM (US), Element Materials Technology (UK), and UL LLC (US).
The NDT and inspection market is expected to grow from USD 11.6 billion in 2024 to USD 18.4 billion by 2029, at a compound annual growth rate (CAGR) of 9.6% during the forecast period.The key players General Electric (US), MISTRAS Group (US), Olympus Corporation (Japan), Ashtead Technology (Scotland), Nikon Metrology NV (UK), SGS Société Générale De Surveillance SA, (Switzerland), Magnaflux (US), Eddyfi Technologies (Canada), Sonatest (UK), Intertek Group plc (UK), Applus+ (Spain), Bureau Veritas (France), Comet Group (Switzerland), TUV Rheinland (Germany), FISCHER TECHNOLOGY INC. (US), Acuren (US), CREAFORM (Canada), Vidisco Ltd. (Israel), DEKRA (Germany), Team, Inc. (US), Labquip NDT (US), Cygnus Instruments Ltd. (UK), FPrimeC Solutions Inc. (Canada), Carestream Health (US), and Element Materials Technology (UK).
The global management system certification market size is expected to grow from USD 40.0 billion in 2024 to USD 49.5 billion by 2029, at a compound annual growth rate (CAGR) of 4.3% during the forecast period.The key playets Bureau Veritas (France), SGS (Switzerland), TÜV Rheinland (Germany), Intertek Group plc (UK), DEKRA SE (Germany), TÜV SÜD (Germany), Eurofins Scientific (Luxembourg), Applus+ (Spain), Lloyd's Register Group Limited (UK), and DNV GL (Norway).
The global medical device testing market is expected to grow from USD 10.6 billion in 2023 to USD 13.5 billion by 2028, at a compound annual growth rate (CAGR) of 4.9% during the forecast period.The Key players Eurofins Scientific (Luxembourg), Intertek Group plc (UK), SGS Société Générale de Surveillance SA. (Switzerland), Bureau Veritas (France), TÜV SÜD (Germany).
The calibration services market is expected to grow from USD 5.7 billion in 2023 to USD 8.1 billion by 2030, at a compound annual growth rate (CAGR) of 5.3% during the forecast period.The key players Keysight Technologies (US), Hexagon AB (Sweden), Rohde & Schwarz (Germany), Tektronix, Inc. (US), VIAVI Solutions Inc. (US), Omega Engineering, Inc. (US), Advantest Corporation (Japan), National Instruments Corporation (US), Anritsu (Japan), Trescal, Inc. (France), Pratt and Whitney Measurement Systems, Inc. (US), Kolb & Baumann GmbH & Co KG. (Germany), Renishaw plc. (UK), Feinmess Suhl GmbH (Germany), Octagon Precision India Pvt. Ltd. (India), TESA Brown & Sharpe (Part of Hexagon AB) (Switzerland), Mitutoyo (Japan), MSI Viking (US), Master Gage & Tool Co. (US), Tanson Instrument (India), and Micro Precision Calibration (US)
The NVH testing market size is expected to grow from USD 2.2 billion in 2023 to USD 3.0 billion by 2028, at a compound annual growth rate (CAGR) of 6.3% during the forecast period.The key players National Instruments Corporation (US), Siemens Digital Industries Software (US), Brüel & Kjær (Denmark), Axiometrix Solutions (US), HEAD acoustics GmbH (Germany), DEWESoft d.o.o (Slovenia), Prosig Ltd (UK), Signal.X Technologies LLC (US), and m+p international Mess- und Rechnertechnik GmbH (Germany), and Norsonis AS (Norway).
The global RF test equipment market is expected to grow from USD 3.5 billion in 2022 to USD 4.6 billion by 2027, at a compound annual growth rate (CAGR) of 6.1% during the forecast period.The key players Keysight Technologies, Inc. (US), Anritsu Group (Japan), Rohde & Schwarz (Germany), Tektronix, Inc. (US), Teledyne Technologies Incorporated (US), Berkeley Nucleonics Corporation (US), AnaPico (Switzerland), B&K Precision Corporation (US), National Instruments Corporation (US), Boonton Electronics (US), Tabor Electronics Ltd. (Israel).
The Environmental remediation market size is expected to grow from USD 109.3 billion in 2022 to USD 163.4 billion by 2027, at a compound annual growth rate (CAGR) of 8.4% during the forecast period.The key players Golder Associates (a WSP Company) (Canada), Clean Harbors Inc. (US), AECOM (US), Jacobs (US), Tetra Tech (US), DEME NV (Belgium), BRISEA Group, Inc. (BRISEA) (US), ENTACT, LLC (US), Terra Systems (US), Engineering and Maintenance Solutions (EMS) (Australia), and HDR, Inc. (US).
The hardware in the loop market size is expected to grow from USD 817 million in 2022 to USD 1,291 million by 2027, at a compound annual growth rate (CAGR) of 9.6% during the forecast period.The Key Players dSPACE GmbH (Germany), NATIONAL INSTRUMENTS CORP. (US), Vector Informatic GmbH (Germany), Elektrobit (Germany), OPAL-RT Technologies (Canada), Speedgoat GmbH (Switzerland), Robert Bosch GmbH (Germany), IPG Automotive GmbH (Germany), Acutronic Holding AG (Switzerland), Plexim GmbH (Switzerland), Konrad GmbH (Germany), MicroNova (Germany), LHP, Inc (US), Genuen (US), Typhoon HIL (US), ModelingTech (China), Bloomy Controls (US), Controllab (Netherlands), Pickering Interfaces (UK), Applus+ (Spain), Add2 Limited (UK), BlueHalo (US), Siemens (Germany), Spirent Communication (US), and UAV Navigation (Spain)
The automated test equipment (ATE) market is projected to reach USD 8.8 billion by 2027, it is expected to grow at a CAGR of 4.7 % during the forecast period. The report profiles key players in the automated test equipment market and analyzes their market shares. Players profiled in this report are Advantest Corporation (Japan), Teradyne (US), National Instruments (US), Chroma ATE (Taiwan), Astronics Corporation (US), STAr Technologies (Taiwan), Roos Instruments (US), Marvin Test Solutions (US), Cohu (US), and OMRON Corporation (Japan), TESEC Corporation(Japan), Danaher(US), ESPEC North America(US), JTAG Technologies(Netherlands), Vaunix(US), JFW Industries(US), Aemulus(Malaysia), Festo(Germany), Nikon Metrology(Belgium), Carl Zeiss AG (Germany), Viscom AG(Germany), Keysight Technologies(US), Artiflex Engineering(South Africa), Vitrox Corporation(Malaysia), Saki Corporation(Japan), Test Research Inc. (TRI)(Taiwan), ShenZhen J-wide Electronics Equipment Co., Ltd.(China), CHINO(US).
The Electron Microscopy and Sample Preparation Market is expected to grow from USD 2.2 billion in 2021 to USD 3.5 billion by 2026, at a CAGR of 9.5% during the forecast period. Bitmain (China), NVIDIA (US), Xilinx (US), Intel (US), Advanced Micro Devices (US), Ripple Labs (US), Ethereum Foundation (Switzerland), Bitfury Group (Netherlands), Coinbase (US), BitGo (US), Binance Holdings (China) Canaan Creative (China). Bitstamp (Luxemburg), Ifinex (Hong Kong), Ledger SAS (France), Xapo (Hong Kong), and Alcheminer (US), are a few major companies dominating the Electron microscopy and sample preparation market.
The Europe TIC Market is expected to grow from USD 50.1 billion in 2020 to USD 60.4 billion in 2025, at a CAGR of 3.8% during the forecast period. A few key players operating in the Germany market are TÜV SÜD (Germany), Applus (Spain), SGS (Switzerland), TÜV Nord (Germany), TÜV Rheinland (Germany), Bureau Veritas (France), Intertek (UK), Eurofins Scientific (Luxembourg)
The global fiber optics testing market is expected to reach USD 433 million by 2025, at a CAGR of 8.8% during the forecast period. The key market players in the market are UL LLC (US), Element Materials Technology (UK), Intertek (UK), NTS (US), TÜV Rheinland (Germany), VIAVI Solutions (US), Eurofins Scientific (Luxembourg), EXFO (Canada), Fujikura (Japan), L3Harris (US), and Fluke Corporation (US). These players are increasingly undertaking product launches, acquisitions, and expansions, to develop and introduce new fiber optics testing solutions in the market.
The Wireless Gas Detection Market is expected to grow from USD 1.5 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 4.8% during the forecast period. Honeywell International (US), DRÄGERWERK (Germany), Yokogawa Electric corporation (Japan), MSA Safety (US), Agilent Technologies (US), Teledyne Gas and Flame Detection (US), Siemens (Germany), United Electric Control (US), Sensidyne (US), Pem-tech (US), Airtest Technologies (Canada), Crowcon Detection Instruments (UK), Otis Instruments (US), Tek Troniks (UK), Emerson Electric (US), Ambetronics Engineering (India), GDS Corp (US), Bacharach (US), Onebee (India), and Gastronics (US) are a few major companies dominating the wireless gas detection market.
The Inline Metrology Market is expected to grow from USD 390 million in 2020 to USD 801 million by 2025, at a CAGR of 15.5% during the forecast period. Hexagon AB (Hexagon) (Sweden), Carl Zeiss (Germany), Perceptron (US), ABB Group (Switzerland), KUKA (Germany), Nikon Metrology (Belgium), AMETEK (US), LMI Technologies (US), Cognex (US), Jenoptik (Germany), KLA Corporation (US), FARO Technologies (US), and Renishaw (UK) are a few key players in the inline metrology market.
The Anechoic Chamber Market is expected to grow from USD 1.1 billion in 2020 to USD 1.5 billion by 2025, at a CAGR of 5.4% during the forecast period. Key players in the anechoic chamber market include TDK Corporation (Japan), ESCO (ETS) (US), MVG (France), Eckel Industries (USA), and Albatross Projects (Germany). TDK Corporation is an electronics company based in Tokyo, Japan.
The industrial radiography market is estimated to grow from USD 532 million in 2020 to USD 784 million by 2025; growing at a CAGR of 8.1% during the forecast period. Major players in the industrial radiography market are 3DX-Ray LTD (U.K.), Anritsu Corporation (Japan), Bosello HT (Italy), PerkinElmer, Inc. (U.S.), General Electric (U.S.), and FujiFilm Holdings Corporation.
The EMC Testing market is expected to grow from USD 2.1 billion in 2019 to USD 2.8 billion by 2024, at a CAGR of 5.4% during the forecast period. A few key players operating in the EMC testing market are SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins Scientific (Luxembourg), DEKRA (Germany), Yokogawa Electric (Japan), Keysight Technologies (US), Rohde & Schwarz (Germany), Fortive (US), AMETEK CTS (Switzerland).
The global fire testing market size was valued at USD 6.3 billion in 2019 and is projected to reach USD 8.6 billion by 2024; it is expected to grow at a CAGR of 6.4% during the forecast period. The key market players in the market are Intertek (UK), TUV SUD (Germany), IBM (US), SGS Group (Switzerland), Bureau Veritas SA (France), UL LLC (US), DEKRA SE (Germany), QIMA (Hong Kong), Applus+ (Spain), United Technologies (US), Element Materials Technology (UK), and International Fire Consultants Group (UK).
The environmental test chambers market is estimated to grow from USD 842 million in 2019 to USD 938 million by 2024 at a CAGR of 2.18%. The major drivers for this market include the increase in number of regulations in industries such as aerospace and defense, and automotive; growing requirement of monitoring the effects of various stress factors; and supportive government initiatives.
The overall wireless network test equipment market is expected to grow from USD 3.2 billion in 2018 to USD 4.7 billion by 2023 at a CAGR of 8.0%. The growth of the market is propelled by the growing mobile data traffic coupled with increasing adoption of smart devices, rising technological advancement toward networking and communication, and increasing interoperability of network technologies. Major players involved in the wireless network test equipment market include Anritsu (Japan), Infovista (Virginia), Keysight Technologies (US), Rohde & Schwarz (Germany), VIAVI (US), Accuver (US), Dingli Corporation (China), Empirix (US), EXFO (US), Spirent Communications (UK), Teoco (US), RADCOM (Israel), Gemalto (Netherlands), NETSCOUT (US), and Bird Technologies (US).
According to MarketsandMarkets, the global nanomechanical testing market is expected to grow from USD 279 million in 2018 to USD 345 million by 2023, at a CAGR of 3.65% during the forecast period. The increasing demand for testing various materials to understand its properties on a nanoscale would increase the market for nanomechanical testing services for several applications, such as life sciences, industrial manufacturing, and material development. Bruker Corporation (US), Micro Materials Limited (UK), Alemnis GmbH (Switzerland), MTS Systems Corporation (US), Quad Group, Inc. (US), Illinois Tool Works Inc. (US), Nanoscience Instruments (US), Biomomentum Inc. (Canada), Micro Materials Limited (UK), Nanomechanics Inc. (US), and Testometric Co., Ltd. (UK) are the major players in the nanomechanical testing market.
The global modular instruments market is estimated to be USD 1.33 billion in 2018; it is expected to reach USD 2.11 billion by 2023, at a CAGR of 9.6% from 2018 to 2023. The overall market is segmented based on platform type (PXI, AXIe, and VXI); application (R&D and manufacturing & installation); vertical (aerospace & defense, telecommunications, automotive & transportation, electronics and semiconductor, and others); and geography (North America, Europe, Asia Pacific, and Rest of the World). Some of the other prominent players in the market include Giga-tronics (US), Elma Electronic (Switzerland), Asis Pro (Israel), Guzik technical Enterprises (US), Test Evolution Corporation (US), Adlink Technology (Taiwan), Chroma ATE (Taiwan), GOEPEL Electronic (Germany), Marvin Test Solutions (US), and Bustec (UK).
The cargo inspection market is expected to grow from an estimated USD 2.38 billion in 2018 to USD 2.85 billion by 2023, at a CAGR of 3.66% between 2018 and 2023. Factors driving the growth of this market include the increasing demand for quality-assured commodity and increasing trade of various commodities. Trade houses across regions strive to enhance the quality and standards of goods that are imported and exported to overseas markets, especially in developed countries where stringent regulations are imposed on imported goods. Key players in this market are SGS Group (Switzerland), Bureau Veritas SA (France), Intertek Group plc (UK), ALS Limited (Australia), and Cotecna Inspection SA (Switzerland). Other companies covered in this report are SWISS APPROVAL International (Swisszerland), AIM Control Group (Vietnam), Cargo Inspection Group (UK), Alex Stewart International (UK), CWM Survey & Inspection BV (Netherlands), Peterson & Control Union (Netherlands), Alfred H Knight Group Ltd. (UK), CWM Survey & Inspection BV (Netherlands), Certispec Group (Canada), Qtech Control Limited (UK), Cargo Inspectors and Superitendence Co. Pvt. Ltd. (India), E.L. Johnson's Sons & Mowat Ltd. (UK), W K Webster & Co. Ltd. (UK), and Brooks Bell (UK).
The digital imaging market is expected to grow from USD 15.79 billion by 2018 to USD 24.08 billion by 2023, at a CAGR of 8.81% during the forecast period. Factors driving the growth of the digital imaging market include technological advantage over traditional methods, growing need of industrial automation, and increasing consumer awareness raising the bar of safety and quality standards. GE (US), Olympus (Japan), Hexagon (Sweden), Cognex (US), Nikon (Japan), OMRON (Japan), Ametek (US), Matrox (Canada), Teledyne Technologies (US), National Instruments (US), and Keyence (Japan) are a few key players in the digital imaging market.
The optical measurement market is expected to reach USD 5.14 Billion by 2023 from USD 3.68 Billion in 2018, at a CAGR of 6.87% between 2018 and 2023. Factors such as the growing demand for 3D metrology services, adoption of advanced optical measurement solutions, and increasing in R&D spending are driving the growth of the optical measurement market. Key players in the ecosystem of the optical measurement market profiled in this report are Hexagon (Sweden), Faro Technologies (US), Jenoptik (Germany), Keyence (Japan), Mitutoyo (Japan), Nikon (Japan), Vision Engineering (UK), Zygo Corporation (US), GOM (Germany), and Carl Zeiss (Germany).
The positive material identification (PMI) market is expected to grow from USD 1.99 Billion in 2018 to USD 2.89 Billion by 2023, at a CAGR of 7.79% between 2018 and 2023. The growth of this market is mainly driven by stringent safety regulations by governments and quality control requirements, declining efficiencies of aging assets and the subsequent need for operational safety, and innovative technological advancements in PMI equipment. SGS Olympus, Thermo Fisher, Bruker, Hitachi, SGS, Bureau Veritas, Intertek, TUV SUD, and Element Materials Technology are the major players included in the report with market ranking analysis. The report also covers other key players involved in this market. Tribogeincs, Torontech, Sciaps, QSX Instruments, and Xenemetrix are few other key players in the market.
The acoustic emission testing market is expected to be valued at USD 349.9 million by 2023, from USD 226.6 million in 2017, at a CAGR of 7.32% between 2018 and 2023. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023. The report profiles the most promising players in the market. The competitive landscape presents an interesting picture, where a large number of big and small players have become a force to reckon with. The key players in this market are TUV Rheinland (Germany), MISTRAS (US), TUV Nord (Germany), Parker Hannifin (US), TUV Austria (Austria), General Electric (GE, US), Acoustic Emission Consulting (AEC, US), Vallen Systeme (Germany), KRN Services (US), and Score Atlanta (US).
The pre-shipment inspection market is expected to increase from USD 11.60 Billion in 2018 to USD 14.83 Billion by 2023, at a CAGR of 5.04% between 2018 and 2023. The growth of this market is mainly driven by the growing consumer spending and ongoing rapid urbanization in emerging markets, increasing incidents of product recalls across the world, and surging counterfeiting and piracy activities. SGS (Switzerland), Bureau Veritas (France), Intertek (UK), DEKRA (Germany), and Cotecna (Switzerland) are the major players included in the report with their market share analysis. The report also covers various innovators involved in this market. Cayley Aerospace (US), Guangdong Inspection (China), Asia Quality Focus (Hong Kong), Solarbuyer (US), AIM Control Group (Vietnam) are a few innovators in the market.
The global film thickness measurement market is valued at USD 370.6 Million in 2016 and is anticipated to grow at a CAGR of 4.9% to reach USD 521.9 Million by 2023. In terms of volume, the overall film thickness measurement market is estimated to register a shipment of 239.6 thousand units in 2016 and is likely to witness a shipment of 366.6 thousand units by 2023, at a CAGR of 6.1% between 2017 and 2023. Major players operating in the film thickness measurement market include ALTANA (Germany), Bruker (US), DeFelsko (US), Elcometer (UK), ElektroPhysik (Germany), Fischer Technology (US), Hamamatsu (Japan), HORIBA (Japan), Keyence (Japan), KLA-Tencor (US), Nanometrics (US), Otsuka Electronics (Japan), Rudolph Technologies (US), SCREEN Holdings (Japan), and Spectris (UK).
A solar simulator is a device that provides illumination approximating natural sunlight. The simulator is widely used to provide a controllable indoor test facility under laboratory conditions for the testing of solar cells. The solar simulator market is expected to be valued at USD 8.44 billion by 2022, growing at a CAGR of 6.5% between 2017 and 2022. Some of the key factors driving this market growth are the growing demand for photovoltaics (PV) and the increasing demand from renewable energy industries.
The container weighing system market is estimated to be worth USD 3.95 Billion by 2022, at a CAGR of 4.6% during the forecast period. For the purpose of this study, the base year considered is 2016 and the market forecast is provided for the period between 2017 and 2022. This report aims to estimate the market size and future growth potential of the container weighing system market on the basis of different segments such as offering, medium, vertical, and region. It also analyzes subsegments with respect to individual growth trends, future prospects, and contribution to the market.
Water Quality Monitoring Market was valued at USD 2.95 Billion in 2015 and is expected to reach USD 4.69 Billion by 2025, growing at a CAGR of 4.54% between 2016 and 2025. The major factor driving this market is the development of government policies and initiatives to protect the environment from the adverse effects of pollution. This drives the adoption of pollution monitoring instruments across the globe.
The threat detection systems market was valued at USD 48.38 Billion in 2015 and is expected to reach USD 119.17 Billion by 2022, at a CAGR of 13.11% during the forecast period. The growth of this market is driven by the increase in the terrorist activities and rising territorial conflicts and geopolitical instabilities. Government regulations also play an important role in the increasing demand for the threat detections systems.
The overall spectrum analyzer market was valued at USD 999.2 Million in 2015 and is expected to reach USD 1,750.0 Million by 2022, at a CAGR of 8.48% between 2016 and 2022. The growth of the studied market is driven by factors such as the rising demand for wireless technology, growth in the demand for spectrum analyzers with multi-tasking capabilities, technological advancements leading to innovation in product offering, significant advancements in terms of bandwidth & frequency, and the growing trend of portability in the studied market.
The eddy current testing (ECT) market is expected to be worth USD 1,682.9 Million by 2022, at a CAGR of 9.82% between 2016 and 2022. ECT measures and identifies defects and cracks in conductive material. Eddy current testing has its applications in various industries such as aerospace, automotive, oil & gas, manufacturing, and power generation. The report provides a description of each of the application areas of eddy current testing. The market within this study has been classified on the basis of ECT types into conventional eddy current, remote field testing, eddy current array, alternating current field measurement, pulsed eddy current testing, near-field testing, near-field array, and partial saturation eddy current.
The global NDT services market size was valued at USD 4.77 Billion in 2015 and is expected to increase to USD 8.55 Billion by 2022. It is expected to grow at a CAGR of 8.52% between 2016 and 2022. The key market drivers for this market are the outsourcing of NDT services to third party service providers, aging infrastructure and the availability of different NDT methods according to the industry requirements for quality inspection. NDT has its applications in various industries such as aerospace & defense, automotive, oil & gas, infrastructure, and power generation.
Service laboratory is a process of identifying faults and defects in the products. It is the most widely used process across several industries under high quality reliability platform. Service laboratory equipment helps in analyzing the root cause of failure of an end product, device, or system in order to develop corrective action plan. It helps in improving next generation versions of the product or other products. Once the root cause for quality and productivity related problems has been identified for the manufacturing process to overcome failure mode, the service laboratory equipment is used. These instruments include scanning electron microscope (SEM), transmission electron microscope (TEM), and secondary ion mass spectroscopy (SIMS). The overall service laboratory market was valued at USD 3.75 Billion in 2014 and is expected to grow at a CAGR of 6.45% from 2014 to 2020.
The textile industry is majorly being driven by the rising production of textiles and increasing trading of textile products. The production and trading of textiles requires testing, inspection, and certification services to ensure that they conform to quality related standards, which also helps them gain recognition worldwide. The global TIC is expected to reach USD 7,221.01 Million by 2020, at an estimated CAGR of 4.6% between 2015 and 2020.
The average lifespan of most electronic gadgets has been persistently sinking. Fast obsolescence of electronic gadgets has become one of the major factors leading to the generation of electronic waste. The electronic items which have reached end-of-life for the user are termed as e-waste. These items contain materials that have high value but at the same time, they can lead to environmental risks if they are land filled or incinerated. The e-waste management market was worth USD 1.66 Billion in 2014 and is estimated to grow at a CAGR of 20.6% between 2015 and 2020.
The non-destructive testing (NDT) method involves inspecting, testing, and evaluating assemblies, materials, or components to identify any discontinuities or differences in their characteristics, without hampering the work performed by the component or system. In other words, an NDT inspection can be performed on the component or system without affecting its current working condition. The total North American electromagnetic NDT market is expected to reach $223.76 Million by 2020, at a CAGR of 8.84% between 2015 and 2020.
Certificate testing industry serves a wide range of end market which includes agriculture, automotive, oil and gas, food, life sciences, industrial, petrochemical, maritime, commodities, chemicals and pharmaceuticals, electronics, textiles, and many more. This report covers a detailed analysis on electronics and automotive market segments. The purpose of these services is to ensure quality and safety of the products so as to reassure the end-users that a manufacturer has indeed followed international standards and regulations, which ensure the environmental protection, public health and safety. Global Certificate Testing will be worth of $27.46 Billion by 2020 at an estimated CAGR of 7.22%.