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Technical testing and analysis revenue is forecast to inch upwards at a compound annual rate of 3.2% over the five years through 2023-24 to £5.7 billion. Revenue has been volatile, though strong demand from the cybersecurity industry has driven growth.
The industry includes companies that conduct physical, chemical and other analytical tests on materials and products. Using models and mock-ups, companies certify consumer goods, motor vehicles, equipment, pressurised containers, food hygiene and nuclear plants. Animal and medical testing do not fall under the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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Methodology
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