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Aerospace and Life Sciences TIC Market by Sourcing type (In-house and Outsourced services), Service Type (Testing, Inspection and Certification), Application (Aerospace and Life Sciences) and Region - Forecast to 2025

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    Report

  • 199 Pages
  • September 2020
  • Region: Global
  • Markets and Markets
  • ID: 5144974
Description Jump to:

The aerospace and life sciences TIC market is expected to grow at a CAGR of 3.8% from USD 31.3 billion in 2020 to USD 37.8 billion. Some of the Factors such as implementation of advanced technologies such as AI, ML and 3D printing in aerospace and life sciences manufacturing operations and emergence to new services and solutions amidst COVID-19 such as virtual visual inspection, remote audit etc. in aerospace and life sciences components and equipment.

Aerospace and life sciences TIC market for testing services accounted for largest share in 2020

The growing demand for testing services due to the increasing number of specified standards by governments and international standardization institutions. The testing process is important because it allows inspection authorities and producers to identify faults before an actual stress test, where personnel and environmental safety are at risk. There are testing practices for every part used in aerospace manufacturing. As it is a critical industry, a single error can result in huge disasters and deaths. To avoid such mishaps, companies are conducting stress tests on aircraft using advanced testing capabilities.

Aerospace and life sciences TIC market for outsourced services offering accounted for largest share in 2020

The outsourced services depends on factors such as the industry’s requirements and a country’s federal structure and administrative rules. Over time, these factors may have a significant impact on the market size, irrespective of the underlying macroeconomic conditions. External TIC service providers help companies achieve higher product quality, as they employ testing personnel having expertise in a wide range of TIC methodologies. This facilitates high-quality assurance across products and equipment.

Aerospace and life sciences TIC market for medical devices application to grow at highest CAGR during forecast period

The TIC market for medical devices application is expected to grow at the highest CAGR during the forecast period considering the surge in the demand for medical equipment, ventilators, necessities in the pandemic to fight against the virus. Many automotive, aerospace and fast-moving consumer durables companies are diversifying their business portfolio in order to cater to counties where there are shortage of medical devices and necessities.

India is expected to be the fastest-growing market for TIC during forecast period

The TIC market in India is projected to grow at the highest CAGR during the forecast period. The highest CAGR is because of the presence of manufacturing capabilities in almost all domains such as maintenance parts and accessories of aerospace industry and pharmaceutical and medical devices. Moreover, the R&D from India has helped the increasing the market share of TIC services in the aerospace and life sciences TIC market.

Breakdown of the profile of primary participants:


  • By Company Type: Tier 1 – 60 %, Tier 2 – 25%, and Tier 3 – 15%
  • By Designation: C-level Executives – 50%, Directors - 30%, and Others -20%
  • By Region: APAC – 40 %, NA – 25%, Europe – 20%, and RoW –  15%

The major players profiled in this report include:


  • SGS (Switzerland)
  • Bureau Veritas (France)
  • Intertek (UK)
  • Eurofins Scientific (Luxembourg)
  • TÜV SÜD (Germany)
  • TÜV Rheinland (Germany)
  • TÜV Nord (Germany)
  • DNV GL (Norway)
  • Applus+ (Spain)
  • MISTRAS (US)
  • Element Materials Technology (US)
  • UL (US)
  • ALS Ltd. (Australia)

Research Coverage

The study segments the aerospace and life sciences TIC market report into sourcing type (In-house services and outsourced services), service type (testing, inspection and certification), application (medical and life sciences and aerospace). The study also provides market size for various segments regarding global regions.

Reasons to buy the report

The report would help the market leaders/new entrants in this market in the following ways:
1. This report segments the aerospace and life sciences TIC market comprehensively provides the closest approximations of the overall market size and those of the subsegments across different applications and regions.
2. The report provides a detailed analysis of the aerospace and life sciences TIC market with the help of competitive leadership mapping, including crucial companies in the market and their relations in the ecosystem.
3. The report helps stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
4. This report would help stakeholders understand their competitors better and gain insights to enhance their position in the business. The competitive landscape section includes the competitor ecosystem, product developments, partnerships, and mergers & acquisitions in the aerospace and life sciences TIC market.


Table of Contents

1 Introduction
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 Aerospace and Life Sciences TIC Market Segmentation
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
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
Figure 4 Market Size Estimation Methodology: Supply-Side Approach
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
Figure 5 Data Triangulation
2.4 Limitations
Table 1 Study Limitations
2.5 Research Assumptions
Table 2 Assumptions
2.6 Covid-19 Assumptions
3 Executive Summary
Figure 6 Impact of Covid-19 on Aerospace and Life Sciences TIC Market
Figure 7 Aerospace and Life Sciences TIC Market, by Sourcing Type, 2020 & 2025
Figure 8 Aerospace and Life Sciences TIC Market, by Service Type, 2020 & 2025
Figure 9 Aerospace and Life Sciences TIC Market, by Application, 2020 & 2025
Figure 10 Aerospace and Life Sciences TIC Market, by Region, 2019
4 Premium Insights
4.1 Manufacturing of Aerospace and Life Sciences Products Requires Accuracy Due to Their Critical Nature
Figure 11 Development of New TIC Services Portfolio Amidst Covid-19 to Drive Market Growth During Forecast Period
4.2 Aerospace and Life Sciences TIC Market, by Sourcing Type
Figure 12 In-House Sourcing to Command a Larger Marker Share During Forecast Period
4.3 Aerospace and Life Sciences TIC Market, by Service Type
Figure 13 Testing Services to Hold Largest Share of Aerospace and Life Sciences TIC Market During Forecast Period
4.4 Aerospace and Life Sciences TIC Market, by Type
Figure 14 Aerospace Management Services to Lead Aerospace TIC Market Due to Increasing Adoption of Quality Management and Auditing Services
4.5 Aerospace and Life Sciences TIC Market, by Region
Figure 15 Us Held Largest Share of Aerospace and Life Sciences TIC Market in 2019
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Aerospace and Life Sciences TIC Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
Figure 17 Aerospace and Life Sciences TIC Market Drivers and Their Impact
5.2.1.1 Adoption of Advanced Technologies in Aerospace and Life Sciences Manufacturing Operations
5.2.1.2 Emergence of New TIC Services and Solutions Amidst Covid-19
5.2.2 Restraints
Figure 18 Aerospace and Life Sciences TIC Market Restraints and Their Impact
5.2.2.1 Cascading Effect of Covid-19 on TIC Industry
5.2.3 Opportunities
Figure 19 Aerospace and Life Sciences TIC Market Opportunities and Their Impact
5.2.3.1 Diversification of Businesses Due to Covid-19 to Generate New Revenue Pockets
5.2.4 Challenges
Figure 20 Aerospace and Life Sciences TIC Market Challenges and Their Impact
5.2.4.1 Disruptions in Supply Chains and Logistics
5.2.4.2 Lack of Skilled Workforce
5.3 Value Chain Analysis
Figure 21 Value Chain Analysis: Aerospace and Life Sciences TIC Market
5.4 Important Regulations for Aerospace and Life Sciences TIC Market
5.5 Technology Analysis
5.6 Patents
5.6.1 Patent 1
5.6.2 Patent 2
5.7 Key Industry Trends
Table 3 Major Trends in Aerospace and Life Sciences TIC Market
5.8 Covid-19 Impact Analysis
5.9 Impact on Value Chain
5.10 Impact on Market Dynamics
5.10.1 Country-Level Impact Analysis
5.10.1.1 Current Scenario
5.10.1.2 Expected Impact Analysis
5.11 Use Cases
5.11.1 Use Case 1: LFV
5.11.2 Use Case 2: Leading Food Manufacturer
6 Aerospace and Life Sciences TIC Market, by Sourcing Type
6.1 Introduction
Figure 22 Impact of Covid-19 on Aerospace and Life Sciences Outsourced TIC Services Market
Table 4 Pre- and Post-Covid-19 Scenario Analysis: Aerospace and Life Sciences Outsourced TIC Services Market, 2017–2025 (Usd Billion)
Figure 23 In-House Services to Account for Larger Size of Aerospace and Life Sciences TIC Market in 2020
Table 5 Aerospace and Life Sciences TIC Market, by Sourcing Type, 2017–2019 (Usd Million)
Table 6 Aerospace and Life Sciences TIC Market, by Sourcing Type, 2020–2025 (Usd Million)
6.2 In-House Services
6.2.1 In-House Testing Services to Continue to Capture Larger Market Share During Forecast Period
6.3 Outsourced Services
6.3.1 Market for Outsourced Services to Grow at Higher CAGR During 2020–2025
7 Aerospace and Life Sciences TIC Market, by Service Type
7.1 Introduction
Figure 24 Aerospace and Life Sciences TIC Market, by Service Type
Figure 25 Impact of Covid-19 on Aerospace and Life Sciences Certification Market
Table 7 Aerospace and Life Sciences Certification Market, 2017–2025 (Usd Billion)
Figure 26 Testing Services to Dominate Aerospace and Life Sciences TIC Market During Forecast Period
Table 8 Aerospace and Life Sciences TIC Market, by Service Type, 2017–2019 (Usd Million)
Table 9 Aerospace and Life Sciences TIC Market, by Service Type, 2020–2025 (Usd Million)
7.2 Testing Services
7.2.1 Safety and Security Concerns Have Led to An Increase in Testing Services Portfolio of TIC Players
7.3 Inspection Services
7.3.1 Disruptions in Technologies Have Led to Increase in Introduction and Adoption of New Inspection Services
7.4 Certification Services
7.4.1 Mandatory Compliances for Aircraft Parts and Medical Devices Drive Certification Market
7.5 Other Services
7.5.1 Comprehensive Services Pertaining to Health and Hygiene Are Critical to Aerospace and Life Sciences Sectors
8 Aerospace and Life Sciences TIC Market, by Application
8.1 Introduction
Figure 27 Impact of Covid-19 on Medical Devices Application
Table 10 Pre- and Post-Covid-19 Scenario Analysis: Medical Devices Application  Market, 2017–2025 (Usd Billion)
Figure 28 Medical Devices Play a Significant Role in Growth of Aerospace and Life Sciences TIC Market
Table 11 Aerospace and Life Sciences TIC Market, by Type, 2017–2019 (Usd Million)
Table 12 Aerospace and Life Sciences TIC Market, by Type, 2020–2025 (Usd Million)
8.2 Aerospace
8.2.1 Flight Tests, Traceability-To-Certification Management, and Certification Within Aviation Management Application Drive Aerospace TIC Market
8.2.2 Aerospace Manufacturing Services
8.2.3 Aviation Management Services
8.2.4 Others
Table 13 Aerospace TIC Market, by Type, 2017–2019 (Usd Million)
Table 14 Aerospace TIC Market, by Type, 2020–2025 (Usd Million)
8.3 Medical & Life Sciences
8.3.1 Demand for Tic-Approved Advanced Medical Devices Drives Growth of Medical & Life Sciences Applications
8.3.2 Medical Devices
8.3.3 Health, Beauty, and Wellness
8.3.4 Clinical Services
8.3.5 Laboratory Services
8.3.6 Biopharmaceuticals and Pharmaceuticals Services
8.3.7 Others
Table 15 Life Sciences TIC Market, by Type, 2017–2019 (Usd Million)
Table 16 Life Sciences TIC Market, by Type, 2020–2025 (Usd Million)
9 Geographic Analysis
9.1 Introduction
Figure 29 Geographic Snapshot: Aerospace and Life Sciences TIC Market in India to Grow at Highest CAGR During Forecast Period
Figure 30 North America to Hold Largest Share of Aerospace and Life Sciences TIC Market During Forecast Period
Table 17 Aerospace and Life Sciences TIC Market, by Region, 2017–2019 (Usd Million)
Table 18 Aerospace and Life Sciences TIC Market, by Region, 2020–2025 (Usd Million)
9.2 North America
Figure 31 Snapshot of Aerospace and Life Sciences TIC Market in North America
Table 19 Aerospace and Life Sciences TIC Market in North America, by Country,  2017–2019 (Usd Million)
Table 20 Aerospace and Life Sciences TIC Market in North America, by Country,  2020–2025 (Usd Million)
Table 21 Aerospace and Life Sciences TIC Market in North America, by Sourcing Type, 2017–2019 (Usd Million)
Table 22 Aerospace and Life Sciences TIC Market in North America, by Sourcing Type, 2020–2025 (Usd Million)
Table 23 Aerospace TIC Market in North America, by Type, 2017–2019 (Usd Million)
Table 24 Aerospace TIC Market in North America, by Type, 2020–2025 (Usd Million)
Table 25 Life Sciences TIC Market in North America, by Type, 2017–2019 (Usd Million)
Table 26 Life Sciences TIC Market in North America, by Type, 2020–2025 (Usd Million)
9.2.1 US
9.2.1.1 Huge Aviation Market in Country Helps Us in Leading North American Aerospace and Life Sciences TIC Market
Table 27 Aerospace and Life Sciences TIC Market in Us, by Sourcing Type,  2017–2019 (Usd Million)
Table 28 Aerospace and Life Sciences TIC Market in Us, by Sourcing Type,  2020-2025 (Usd Million)
Table 29 Aerospace TIC Market in Us, by Type, 2017–2019 (Usd Million)
Table 30 Aerospace TIC Market in Us, by Type, 2020–2025 (Usd Million)
Table 31 Life Sciences TIC Market in Us, by Type, 2017–2019 (Usd Million)
Table 32 Life Sciences TIC Market in Us, by Type, 2020–2025 (Usd Million)
9.2.2 Canada
9.2.2.1 Growing Demand for TIC Services Across Aviation Components and New Testing Services in Biotechnology Drive Market in Canada
Table 33 Aerospace and Life Sciences TIC Market in Canada, by Sourcing Type,  2017–2019 (Usd Million)
Table 34 Aerospace and Life Sciences TIC Market in Canada, by Sourcing Type,  2020–2025 (Usd Million)
Table 35 Aerospace TIC Market in Canada, by Type, 2017–2019 (Usd Million)
Table 36 Aerospace TIC Market in Canada, by Type, 2020–2025 (Usd Million)
Table 37 Life Sciences TIC Market in Canada, by Type, 2017–2019 (Usd Million)
Table 38 Life Sciences TIC Market in Canada, by Type, 2020–2025 (Usd Million)
9.2.3 Mexico
9.2.3.1 Huge Potential for Growth in Medical Equipment and Aerospace TIC Services Segments
Table 39 Aerospace and Life Sciences TIC Market in Mexico, by Sourcing Type,  2017–2019 (Usd Million)
Table 40 Aerospace and Life Sciences TIC Market in Mexico, by Sourcing Type,  2020–2025 (Usd Million)
Table 41 Aerospace TIC Market in Mexico, by Type, 2017–2019 USD Million)
Table 42 Aerospace TIC Market in Mexico, by Type, 2020–2025 (Usd Million)
Table 43 Life Sciences TIC Market in Mexico, by Type, 2017–2019 (Usd Million)
Table 44 Life Sciences TIC Market in Mexico, by Type, 2020–2025 (Usd Million)
9.3 Europe
Figure 32 Snapshot of Aerospace and Life Sciences TIC Market in Europe
Table 45 Aerospace and Life Sciences TIC Market in Europe, by Country,  2017–2019 (Usd Million)
Table 46 Aerospace and Life Sciences TIC Market in Europe, by Country,  2020–2025 (Usd Million)
Table 47 Aerospace and Life Sciences TIC Market in Europe, by Sourcing Type,  2017–2019 (Usd Million)
Table 48 Aerospace and Life Sciences TIC Market in Europe, by Sourcing Type,  2020–2025 (Usd Million)
Table 49 Aerospace TIC Market in Europe, by Type, 2017–2019 (Usd Million)
Table 50 Aerospace TIC Market in Europe, by Type, 2020–2025 (Usd Million)
Table 51 Life Sciences TIC Market in Europe, by Type, 2017–2019 (Usd Million)
Table 52 Life Sciences TIC Market in Europe, by Type, 2020–2025 (Usd Million)
9.3.1 Germany
9.3.1.1 Huge R&D Centers and Awareness for Healthcare Have Driven Market for Life Sciences in Germany
Table 53 Aerospace and Life Sciences TIC Market in Germany, by Sourcing Type,  2019–2025 (Usd Million)
Table 54 Aerospace and Life Sciences TIC Market in Germany, by Sourcing Type,  2020–2025 (Usd Million)
Table 55 Aerospace TIC Market in Germany, by Type, 2017–2019 (Usd Million)
Table 56 Aerospace TIC Market in Germany, by Type, 2020–2025 (Usd Million)
Table 57 Life Sciences TIC Market in Germany, by Type, 2017–2019 (Usd Million)
Table 58 Life Sciences TIC Market in Germany, by Type, 2020–2025 (Usd Million)
9.3.2 UK
9.3.2.1 Government Investments in Research and Development Activities Ensure New Growth Opportunities for Aerospace TIC Market in UK
Table 59 Aerospace and Life Sciences TIC Market in Uk, by Sourcing Type,  2017–2019 (Usd Million)
Table 60 Aerospace and Life Sciences TIC Market in Uk, by Sourcing Type,  2020–2025 (Usd Million)
Table 61 Aerospace TIC Market in Uk, by Type, 2017–2019 (Usd Million)
Table 62 Aerospace TIC Market in Uk, by Type, 2020–2025 (Usd Million)
Table 63 Life Sciences TIC Market in Uk, by Type, 2017–2019 (Usd Million)
Table 64 Life Sciences TIC Market in Uk, by Type, 2020–2025 (Usd Million)
9.3.3 France
9.3.3.1 Diversification of Businesses Has Helped France to Provide Amenities to Domestic Market
Table 65 Aerospace and Life Sciences TIC Market in France, by Sourcing Type,  2017–2019 (Usd Million)
Table 66 Aerospace and Life Sciences TIC Market in France, by Sourcing Type,  2020–2025 (Usd Million)
Table 67 Aerospace TIC Market in France, by Type, 2017–2019 (Usd Million)
Table 68 Aerospace TIC Market in France, by Type, 2020–2025 (Usd Million)
Table 69 Life Sciences TIC Market in France, by Type, 2017–2019 (Usd Million)
Table 70 Life Sciences TIC Market in France, by Type, 2020–2025 (Usd Million)
9.3.4 Italy
9.3.4.1 Health, Beauty, and Wellness Segment Will Drive Adoption of TIC Services in Italy
Table 71 Aerospace and Life Sciences TIC Market in Italy, by Sourcing Type,  2017–2019 (Usd Million)
Table 72 Aerospace and Life Sciences TIC Market in Italy, by Sourcing Type,  2020–2025 (Usd Million)
Table 73 Aerospace TIC Market in Italy, by Type, 2017–2019 (Usd Million)
Table 74 Aerospace TIC Market in Italy, by Type, 2020–2025 (Usd Million)
Table 75 Life Sciences TIC Market in Italy, by Type, 2017–2019 (Usd Million)
Table 76 Life Sciences TIC Market in Italy, by Type, 2020–2025 (Usd Million)
9.3.5 Spain
9.3.5.1 Government Initiatives to Help Industries Return to Normalcy Have Led to Creation of Opportunities for TIC Players
Table 77 Aerospace and Life Sciences TIC Market in Spain, by Sourcing Type,  2017–2019 (Usd Million)
Table 78 Aerospace and Life Sciences TIC Market in Spain, by Sourcing Type,  2020–2025 (Usd Million)
Table 79 Aerospace TIC Market in Spain, by Type, 2017–2019 (Usd Million)
Table 80 Aerospace TIC Market in Spain, by Type, 2020–2025 (Usd Million)
Table 81 Life Sciences TIC Market in Spain, by Type, 2017–2019 (Usd Million)
Table 82 Life Sciences TIC Market in Spain, by Type, 2020–2025 (Usd Million)
9.3.6 Norway
9.3.6.1 Covid-19 Pandemic Has Led to Increased Opportunities for TIC Players in Medical and Life Sciences Segments
Table 83 Aerospace and Life Sciences TIC Market in Norway, by Sourcing Type,  2017–2019 (Usd Million)
Table 84 Aerospace and Life Sciences TIC Market in Norway, by Sourcing Type,  2020–2025 (Usd Million)
Table 85 Aerospace TIC Market in Norway, by Type, 2017–2019 (Usd Million)
Table 86 Aerospace TIC Market in Norway, by Type, 2020–2025 (Usd Million)
Table 87 Life Sciences TIC Market in Norway, by Type, 2017–2019 (Usd Million)
Table 88 Life Sciences TIC Market in Norway, by Type, 2020–2025 (Usd Million)
9.3.7 Netherlands
9.3.7.1 Huge Manufacturing and Mro Capabilities Have Led to Creation of Opportunities for TIC Service Providers
Table 89 Aerospace and Life Sciences TIC Market in Netherlands,  by Sourcing Type, 2017–2019 (Usd Million)
Table 90 Aerospace and Life Sciences TIC Market in Netherlands, by Sourcing Type, 2020–2025 (Usd Million)
Table 91 Aerospace TIC Market in Netherlands, by Type,  2017–2019 (Usd Million)
Table 92 Aerospace TIC Market in Netherlands, by Type, 2020–2025 (Usd Million)
Table 93 Life Sciences TIC Market in Netherlands, by Type, 2017–2019 (Usd Million)
Table 94 Life Sciences TIC Market in Netherlands, by Type,  2020–2025 (Usd Million)
9.3.8 Rest of Europe (Roe)
Table 95 Aerospace and Life Sciences TIC Market in Rest of Europe, by Sourcing Type, 2017–2019 (Usd Million)
Table 96 Aerospace and Life Sciences TIC Market in Rest of Europe, by Sourcing Type, 2020–2025 (Usd Million)
Table 97 Aerospace TIC Market in Rest of Europe, by Type,  2017–2019 (Usd Million)
Table 98 Aerospace TIC Market in Rest of Europe, by Type, 2020–2025 (Usd Million)
Table 99 Life Sciences TIC Market in the Rest of Europe, by Type, 2017–2019 (Usd Million)
Table 100 Life Sciences TIC Market in the Rest of Europe, by Type, 2020–2025 (Usd Million)
9.4 Asia-Pacific
Figure 33 Snapshot of Aerospace and Life Sciences TIC Market in Apac
Table 101 Aerospace and Life Sciences TIC Market in Apac, by Country,  2017–2019 (Usd Million)
Table 102 Aerospace and Life Sciences TIC Market in Apac, by Country, 2020–2025 (Usd Million)
Table 103 Aerospace and Life Sciences TIC Market in Apac, by Sourcing Type,  2017–2019 (Usd Million)
Table 104 Aerospace and Life Sciences TIC Market in Apac, by Sourcing Type,  2020–2025 (Usd Million)
Table 105 Aerospace TIC Market in Apac, by Type, 2017–2019 (Usd Million)
Table 106 Aerospace TIC Market in Apac, by Type, 2020–2025 (Usd Million)
Table 107 Life Sciences TIC Market in Apac, by Type, 2017–2019 (Usd Million)
Table 108 Life Sciences TIC Market in Apac, by Type, 2020–2025 (Usd Million)
9.4.1 China
9.4.1.1 Increasing Developments in Technologies and Medical Space Have Encouraged TIC Service Providers to Set Up Labs in China
Table 109 Aerospace and Life Sciences TIC Market in China, by Sourcing Type,  2017–2019 (Usd Million)
Table 110 Aerospace and Life Sciences TIC Market in China, by Sourcing Type,  2020–2025 (Usd Million)
Table 111 Aerospace TIC Market in China, by Type, 2017–2019 (Usd Million)
Table 112 Aerospace TIC Market in China, by Type, 2020–2025 (Usd Million)
Table 113 Life Sciences TIC Market in China, by Type, 2017–2019 (Usd Million)
Table 114 Life Sciences TIC Market in China, by Type, 2020–2025 (Usd Million)
9.4.2 Japan
9.4.2.1 Strong Pharmaceuticals Research and Development Infrastructure is Driving Testing Services Segment in Japan
Table 115 Aerospace and Life Sciences TIC Market in Japan, by Sourcing Type,  2017–2019 (Usd Million)
Table 116 Aerospace and Life Sciences TIC Market in Japan, by Sourcing Type,  2020–2025 (Usd Million)
Table 117 Aerospace TIC Market in Japan, by Type, 2017–2019 (Usd Million)
Table 118 Aerospace TIC Market in Japan, by Type, 2020–2025 (Usd Million)
Table 119 Life Sciences TIC Market in Japan, by Type, 2017–2019 (Usd Million)
Table 120 Life Sciences TIC Market in Japan, by Type, 2020–2025 (Usd Million)
9.4.3 India
9.4.3.1 Demand for TIC Services is Increasing Due to Increasing Medical Equipment and Medicines Production, and Investments in R&D
Table 121 Aerospace and Life Sciences TIC Market in India, by Sourcing Type,  2017–2019 (Usd Million)
Table 122 Aerospace and Life Sciences TIC Market in India, by Sourcing Type,  2020–2025 (Usd Million)
Table 123 Aerospace TIC Market in India, by Type, 2017–2019 (Usd Million)
Table 124 Aerospace TIC Market in India, by Type, 2020–2025 (Usd Million)
Table 125 Life Sciences TIC Market in India, by Type, 2017–2019 (Usd Million)
Table 126 Life Sciences TIC Market in India, by Type, 2020–2025 (Usd Million)
9.4.4 South Korea
9.4.4.1 Manufacturing and Export of Medical Devices Have Helped South Korea Maintain Its Global Rank
Table 127 Aerospace and Life Sciences TIC Market in South Korea, by Sourcing Type, 2017–2019 (Usd Million)
Table 128 Aerospace and Life Sciences TIC Market in South Korea, by Sourcing Type, 2020–2025 (Usd Million)
Table 129 Aerospace TIC Market in South Korea, by Type,  2017–2019 (Usd Million)
Table 130 Aerospace TIC Market in South Korea, by Type, 2020–2025 (Usd Million)
Table 131 Life Sciences TIC Market in South Korea, by Type,  2017–2019 (Usd Million)
Table 132 Life Sciences TIC Market in South Korea, by Type, 2020–2025 (Usd Million)
9.4.5 Australia
9.4.5.1 Stringent Rules and Norms in Australia Have Led to Rising Standards of Medical Products Across Region
Table 133 Aerospace and Life Sciences TIC Market in Australia, by Sourcing Type,  2017–2019 (Usd Million)
Table 134 Aerospace and Life Sciences TIC Market in Australia, by Sourcing Type,  2020–2025 (Usd Million)
Table 135 Aerospace TIC Market in Australia, by Type, 2017–2019 (Usd Million)
Table 136 Aerospace TIC Market in Australia, by Type, 2020–2025 (Usd Million)
Table 137 Life Sciences TIC Market in Australia, by Type, 2017–2019 (Usd Million)
Table 138 Life Sciences TIC Market in Australia, by Type, 2020–2025 (Usd Million)
9.4.6 Rest of APAC (Roapac)
Table 139 Aerospace and Life Sciences TIC Market in Rest of Apac, by Sourcing Type, 2017–2019 (Usd Million)
Table 140 Aerospace and Life Sciences TIC Market in Rest of Apac, by Sourcing Type, 2020–2025 (Usd Million)
Table 141 Aerospace TIC Market in Rest of Apac, by Type, 2017–2019 (Usd Million)
Table 142 Aerospace TIC Market in Rest of Apac, by Type, 2020–2025 (Usd Million)
Table 143 Life Sciences TIC Market in Rest of Apac, by Type, 2017–2019 (Usd Million)
Table 144 Life Sciences TIC Market in Rest of Apac, by Type, 2020–2025 (Usd Million)
9.5 Rest of the World
Figure 34 Snapshot of Aerospace and Life Sciences TIC Market in Row
Table 145 Aerospace and Life Sciences TIC Market in Rest of the World, by Country, 2017–2019 (Usd Million)
Table 146 Aerospace and Life Sciences TIC Market in Rest of the World,  by Country, 2020–2025 (Usd Million)
Table 147 Aerospace and Life Sciences TIC Market in Rest of the World, by Sourcing Type, 2017–2019 (Usd Million)
Table 148 Aerospace and Life Sciences TIC Market in Rest of the World, by Sourcing Type, 2020–2025 (Usd Million)
Table 149 Aerospace TIC Market in Rest of the World, by Type, 2017–2019 (Usd Million)
Table 150 Aerospace TIC Market in Rest of the World, by Type, 2020–2025 (Usd Million)
Table 151 Life Sciences TIC Market in Rest of the World, by Type,  2017–2019 (Usd Million)
Table 152 Life Sciences TIC Market in Rest of the World, by Type, 2020–2025 (Usd Million)
9.5.1 South America
9.5.1.1 Regulations for Medical Devices Provide Opportunities for TIC Companies to Set Up Labs in South America
Table 153 Aerospace and Life Sciences TIC Market in South America,  by Sourcing Type, 2017–2019 (Usd Million)
Table 154 Aerospace and Life Sciences TIC Market in South America, by Sourcing Type, 2020–2025 (Usd Million)
Table 155 Aerospace TIC Market in South America, by Type, 2017–2019 (Usd Million)
Table 156 Aerospace TIC Market in South America, by Type, 2020–2025 (Usd Million)
Table 157 Life Sciences TIC Market in South America, by Type,  2017–2019 (Usd Million)
Table 158 Life Sciences TIC Market in South America, by Type, 2020–2025 (Usd Million)
9.5.2 Argentina
9.5.2.1 Liberalization and Globalization Will Fuel Demand for TIC Services in Argentina
Table 159 Aerospace and Life Sciences TIC Market in Argentina, by Sourcing Type,  2017–2019 (Usd Million)
Table 160 Aerospace and Life Sciences TIC Market in Argentina, by Sourcing Type,  2020–2025 (Usd Million)
Table 161 Aerospace TIC Market in Argentina, by Type,  2017–2019 (Usd Million)
Table 162 Aerospace TIC Market in Argentina, by Type,  2020–2025 (Usd Million)
Table 163 Life Sciences TIC Market in Argentina, by Type,  2017–2019 (Usd Million)
Table 164 Life Sciences TIC Market in Argentina, by Type, 2020–2025 (Usd Million)
9.5.3 Brazil
9.5.3.1 Agreements and Partnerships Between Government and Mncs Are Helping Brazil to Move Ahead in Global Ranks
Table 165 Aerospace and Life Sciences TIC Market in Brazil, by Sourcing Type,  2017–2019 (Usd Million)
Table 166 Aerospace and Life Sciences TIC Market in Brazil, by Sourcing Type,  2020–2025 (Usd Million)
Table 167 Aerospace TIC Market in Brazil, by Type, 2017–2019 (Usd Million)
Table 168 Aerospace TIC Market in Brazil, by Type, 2020–2025 (Usd Million)
Table 169 Life Sciences TIC Market in Brazil, by Type, 2017–2019 (Usd Million)
Table 170 Life Sciences TIC Market in Brazil, by Type, 2020–2025 (Usd Million)
9.5.4 Rest of South America
Table 171 Aerospace and Life Sciences TIC Market in Rest of South America,  by Sourcing Type, 2017–2019 (Usd Million)
Table 172 Aerospace and Life Sciences TIC Market in Rest of South America,  by Sourcing Type, 2020–2025 (Usd Million)
Table 173 Aerospace TIC Market in Rest of South America, by Type,  2017–2019 (Usd Million)
Table 174 Aerospace TIC Market in Rest of South America, by Type, 2020–2025 (Usd Million)
Table 175 Life Sciences TIC Market in Rest of South America, by Type, 2017–2019 (Usd Million)
Table 176 Life Sciences TIC Market in Rest of South America, by Type, 2020–2025 (Usd Million)
9.5.5 Mea
9.5.5.1 Advancements in Medical Facilities Amidst Covid-19 Pandemic Have Increased Opportunities for TIC Companies
Table 177 Aerospace and Life Sciences TIC Market in Mea, by Sourcing Type,  2017–2019 (Usd Million)
Table 178 Aerospace and Life Sciences TIC Market in Mea, by Sourcing Type,  2020–2025 (Usd Million)
Table 179 Aerospace TIC Market in Mea, by Type, 2017–2019 (Usd Million)
Table 180 Aerospace TIC Market in Mea, by Type, 2020–2025 (Usd Million)
Table 181 Life Sciences TIC Market in Mea, by Type, 2017–2019 (Usd Million)
Table 182 Life Sciences TIC Market in Mea, by Type, 2020–2025 (Usd Million)
9.5.6 Saudi Arabia
9.5.6.1 Stringent Regulations Pave Way for TIC Companies in Testing and Certification Services Segments
Table 183 Aerospace and Life Sciences TIC Market in Saudi Arabia,  by Sourcing Type, 2017–2019 (Usd Million)
Table 184 Aerospace and Life Sciences TIC Market in Saudi Arabia, by Sourcing Type, 2020–2025 (Usd Million)
Table 185 Aerospace TIC Market in Saudi Arabia, by Type,  2017–2019 (Usd Million)
Table 186 Aerospace TIC Market in Saudi Arabia, by Type, 2020–2025 (Usd Million)
Table 187 Life Sciences TIC Market in Saudi Arabia, by Type, 2017–2019 (Usd Million)
Table 188 Life Sciences TIC Market in Saudi Arabia, by Type, 2020–2025 (Usd Million)
9.5.7 Uae
9.5.7.1 Technological Innovations and Restructuring of Business Strategies Further Open Doors for TIC Services Providers
Table 189 Aerospace and Life Sciences TIC Market in Uae, by Sourcing Type,  2017–2019 (Usd Million)
Table 190 Aerospace and Life Sciences TIC Market in Uae, by Sourcing Type,  2020–2025 (Usd Million)
Table 191 Aerospace TIC Market in Uae, by Type, 2017–2019 (Usd Million)
Table 192 Aerospace TIC Market in Uae, by Type, 2020–2025 (Usd Million)
Table 193 Life Sciences TIC Market in Uae, by Type, 2017–2019 (Usd Million)
Table 194 Life Sciences TIC Market in Uae, by Type, 2020–2025 (Usd Million)
9.5.8 Rest of Middle East and Africa
Table 195 Aerospace and Life Sciences TIC Market in Rest of Mea, by Sourcing Type, 2017–2019 (Usd Million)
Table 196 Aerospace and Life Sciences TIC Market in Rest of Mea, by Sourcing Type, 2020–2025 (Usd Million)
Table 197 Aerospace TIC Market in Rest of Mea, by Type, 2017–2019 (Usd Million)
Table 198 Aerospace TIC Market in Rest of Mea, by Type, 2020–2025 (Usd Million)
Table 199 Life Sciences TIC Market in Rest of Mea, by Type, 2017–2019 (Usd Million)
Table 200 Life Sciences TIC Market in Rest of Mea, by Type, 2020–2025 (Usd Million)
10 Competitive Landscape
10.1 Overview
10.2 Market Share Analysis
Table 201 Aerospace TIC Ecosystem: Market Share Analysis (2019)
Table 202 Life Sciences TIC Ecosystem: Market Share Analysis (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 35 Aerospace and Life Sciences TIC Market Competitive Leadership Mapping, 2020
10.4 Strength of Service Portfolio
Figure 36 Service Portfolio Analysis of Top Players in Aerospace and Life Sciences Testing, Inspection, and Certification Market
10.5 Business Strategy Excellence
Figure 37 Business Strategy Excellence of Top Players in Aerospace and Life Sciences Testing, Inspection, and Certification Market
10.6 Competitive Situation and Trends
10.6.1 Expansions
Table 203 Expansions, 2019
10.6.2 Product/Service Launches and Developments
Table 204 Product/Service Launches and Developments, 2019
10.6.3 Acquisitions
Table 205 Acquisitions, 2018–2019
10.6.4 Agreements and Partnerships
Table 206 Agreements and Partnerships, 2019 & 2020
11 Company Profiles
11.1 Introduction
(Business Overview, Services Offered, Recent Developments, Covid-19-Related Recent Developments, SWOT Analysis)*
11.2 Key Players
11.2.1 SGS Group
Figure 38 SGS Group: Company Snapshot
11.2.2 Bureau Veritas
Figure 39 Bureau Veritas Sa: Company Snapshot
11.2.3 Intertek
Figure 40 Intertek: Company Snapshot
11.2.4 Eurofins Scientific
Figure 41 Eurofins Scientific: Company Snapshot
11.2.5 Tüv Süd
Figure 42 Tüv Süd: Company Snapshot
11.2.6 DNV Gl
Figure 43 DNV Gl: Company Snapshot
11.2.7 Tüv Rheinland
Figure 44 Tüv Rheinland: Company Snapshot
11.2.8 Applus+
Figure 45 Applus+: Company Snapshot
11.2.9 Tüv Nord Group
Figure 46 Tüv Nord Group: Company Snapshot
11.2.10 Element Materials Technology
11.2.11 ALS Limited
Figure 47 ALS Limited: Company Snapshot
11.2.12 UL LLC
11.2.13 Mistras
Figure 48 Mistras: Company Snapshot
11.3 Key Innovators
11.3.1 Avomeen Analytical Services
11.3.2 Element Materials Technology (Exova)
11.3.3 Envigo
11.3.4 Medistri Sa
11.3.5 Gateway Analytical
*Details on Business Overview, Services Offered, Recent Developments, Covid-19-Related Recent Developments, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

Executive Summary

Companies Mentioned

  • ALS Ltd. (Australia)
  • Applus+ (Spain)
  • Bureau Veritas (France)
  • DNV GL (Norway)
  • Element Materials Technology (US)
  • Eurofins Scientific (Luxembourg)
  • Intertek (UK)
  • MISTRAS (US)
  • SGS (Switzerland)
  • TÜV Nord (Germany)
  • TÜV Rheinland (Germany)
  • TÜV SÜD (Germany)
  • UL (US)

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