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Global Testing, Inspection, and Certification Market with Covid-19 Impact Analysis by Service Type (Testing, Inspection, and Certification), Sourcing Type (In-house, Outsourced), Application and Geography - Forecast to 2027

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  • 462 Pages
  • March 2022
  • Region: Global
  • Markets and Markets
  • ID: 5406496
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Strict Regulatory Standards Imposed by Governments to Ensure Product Safety and Environmental Protection

The Testing, inspection, and certification market is projected to reach USD 268.9 billion by 2027 from USD 221.4 billion in 2022; it is expected to grow at a CAGR of 4.0% from 2022 to 2027. The growth of the Testing, inspection, and certification market in APAC is mainly driven by the increasing adoption of latest technologies in the region and increasing business in construction, electronics and textile industries. Moreover, Huge capacity to manufacture medical devices, electronics, and consumer goods and high dependence of many European and North American countries on Asia Pacific for goods also drive the growth of the Testing, inspection, and certification market in APAC. The North American market also has increasing adoption of Testing, inspection, and certification market due to Growing number of manufacturing plants and R&D centers, as well as stringent regulations, for aerospace components and electronic devices and increasing awareness regarding benefits of certified products and services across domains. The outbreak of the novel coronavirus affected the Testing, inspection, and certification market, but steady recovery is expected by 2022. Developing countries in APAC have vast growth potential as well as a favorable environment for service providers. 



Countries such as Japan and South Korea are already developed economies, and China has been the fastest-growing economy in the world for the last 2 decades. Testing, inspection, and certifications are likely to witness tremendous demand in the region during the forecast period because of high growth. APAC produces a large amount of apparel and textiles as well as consumer goods, and these applications are expected to increase demand for Testing, inspection, and certification market in this region. Significant growth in the market for Testing, inspection, and certifications is likely to be observed in medical and life science application due to increasing need for testing, inspection, and certification services because of high effect of Covid-19 pandemic in the region. Therefore, the Testing, inspection, and certification market in APAC is expected to grow at the highest rate during the forecast period.


In service type, the testing service type segment is expected to hold highest market share of the testing, inspection, and certification market

For most applications, Testing, inspection, and certification services are essential to check whether products and services offered by manufacturing companies comply with the required standards and regulations. For instance, in the automotive industry, testing services are implemented to check the adherence of various components and solutions, such as automotive lighting, connected car solutions, and materials, to the defined standards and regulatory norms. The current trend in the global Testing, inspection, and certification market is the use of digital technology. Companies such as SGS, Intertek, and Bureau Veritas are focused on adopting digital technology, which is expected to boost market growth. TIC companies are also focused on verifying the security, performance, and safety of products, processes, or services. Products are verified at two stages - before the product launch and when the product is in use or service. These verifications are either done in a lab, on-site, or through other methods. Moreover, Testing, inspection, and certification services are increasingly outsourced owing to the growing global trade and regulatory requirements and the rising focus of manufacturers on the adoption of digital technology.

The outsourced sourcing type segment, of Testing, inspection, and certification market is expected to grow at higher CAGR during the forecast period


The third-party Testing, inspection, and certification service is a cost-effective conformity assessment method that drives higher levels of compliances. It ensures greater consumer satisfaction with safer products, helps government agencies improve efficiencies and manage their market surveillance resources. It also helps manufacturers reduce in-house compliance costs and navigate global market requirements more easily. Operations carried out by companies offering in-house and outsourced Testing, inspection, and certification services may vary from application to application. Owing to the criticality of applications, industries such as the public sector and mining prefer in-house services rather than opting for outsourced Testing, inspection, and certification services. On the other hand, consumer goods and environmental industries are likely to prefer outsourcing testing, inspection, and certification services.

The Testing, inspection, and certification market in APAC is projected to have the highest CARG during the forecast period (2022-2027)


The Testing, inspection, and certification market in Asia Pacific is projected to have the highest market share by 2027, growing at the highest CAGR during the forecast period. High dependence of many countries in Europe and the Americas on Asia Pacific-based companies for medical devices, personal protection equipment (PPE) kits, pharmaceuticals, and other necessary equipment, increased research and development in the field of autonomous and connected cars (new and improved technologies), and improved lifestyles are the crucial factors driving the Testing, inspection, and certification market growth in Asia Pacific. Considering huge manufacturing capabilities and exports, the Asia Pacific region is projected to account for the largest size of the Testing, inspection, and certification market. Also, increased investments in R&D are leading to the expansion of application areas of Testing, inspection, and certification services in the automotive sector in North America, especially in the US. Hence, North America is likely to be the second-largest market for Testing, inspection, and certification services in the coming years. 

Many economically advanced countries have their manufacturing units in developing economies of Asia Pacific, especially in China and India. These units are required to manufacture products in compliance with internationally accepted standards. The domestic markets in Asia Pacific are rapidly growing owing to the rising per capita income among the middle-class population. Moreover, there is growing consumer awareness about the importance of certification and high-quality products. The study includes countries such as China, Japan, India, Hong Kong, Taiwan, Singapore, Thailand, Australia, etc., for the analysis of the Testing, inspection, and certification market in Asia Pacific. The Testing, inspection, and certification market in the Asia Pacific region was relatively least affected compared to other regions. With regards to the overall economic growth, the market in East Asia and the Pacific will grow, whereas South Asia was expected to contract. The downturn is expected to reverse the progress toward development goals and move millions of people into extreme poverty. 

The driver for the growth of the Testing, inspection, and certification market in Asia Pacific is the growing inclination of manufacturers to produce aerospace and aeronautical components, electrical and electronic products, and heavy machinery and equipment. Globalization has led to the standardization of products and goods used in the food & beverages, electronics, and automotive industries. The development of transportation modes, such as water and road, has helped improve respective carriages and the standard of infrastructure required for the maintenance of modes of transport. testing, inspection, and certification players are increasing their horizons by setting up their testing labs in Asia Pacific countries as the potential of these countries in applications such as life science and medical, consumer electronics and goods, automobiles, renewable energy solutions is depicting a double-digit growth.

Breakdown of profiles of primary participants:


  • By Company Type: Tier 1 - 30%, Tier 2 - 50%, and Tier 3 - 20%
  • By Designation: C-level Executives - 25%, Directors - 35%, and Others - 40%
  • By Region: North America - 35%, Europe - 30%, APAC - 25%, and RoW - 10%


The major companies in the Testing, inspection, and certification market are SGS Group (Switzerland), Bureau Veritas (France), Intertek (UK), TÜV NORD (Germany), TÜV SÜD (Germany), Eurofins Scientific (Luxembourg), TÜV Rheinland (Germany), DEKRA SE (Germany), DNV GL (Norway), Applus+ (Spain), ALS Limited (Australia), Lloyd’s Register Group (UK), MISTRAS (USA), Element Materials Technology (UK), Apave International (France), UL LLC (US), IRClass (India), QR Testing (Netherlands), TIC Sera (China), and Hohenstein (Germany).

Research Coverage:


This report segments the Testing, Inspection, and Certification Market with COVID-19 Impact Analysis by Service Type (Testing, Inspection, and Certification), Sourcing Type (In-House and Outsourcing), Application and Geography - Global Forecast to 2027

Reasons to Buy the Report:

  • This report includes statistics pertaining to the Testing, inspection, and certification market based on service type, sourcing type, application, and region
  • Major drivers, restraints, opportunities, and challenges for the Testing, inspection, and certification market have been provided in detail in this report
  • The report includes illustrative segmentation, analysis, and forecast for the Testing, inspection, and certification market based on its segments
Frequently Asked Questions about the Global Testing, Inspection and Certification Market

What is the estimated value of the Global Testing, Inspection and Certification Market?

The Global Testing, Inspection and Certification Market was estimated to be valued at $221.4 Billion in 2022.

What is the growth rate of the Global Testing, Inspection and Certification Market?

The growth rate of the Global Testing, Inspection and Certification Market is 4.0%, with an estimated value of $268.9 Billion by 2027.

What is the forecasted size of the Global Testing, Inspection and Certification Market?

The Global Testing, Inspection and Certification Market is estimated to be worth $268.9 Billion by 2027.

Who are the key companies in the Global Testing, Inspection and Certification Market?

Key companies in the Global Testing, Inspection and Certification Market include Als Limited, Amspec, Apave International, Applus+, Astm International, Asurequality, Avomeen Analytical Services, Baltic Control Ltd., British Standards Institute (Bsi) and Bureau Veritas.
Report AttributeDetails
No. of Pages462
PublishedMarch 2022
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 221.4 Billion
Forecasted Market Value ( USD ) by 2027 $ 268.9 Billion
Compound Annual Growth Rate4.0%
Regions CoveredGlobal
No. of Companies Mentioned52

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 Tic Market
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
2.1.2.4 Key Participants in Primary Processes Across Tic Value Chain
2.2 Market Size Estimation
Figure 3 Process Flow of Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Size by Bottom-Up Analysis
Figure 4 Tic Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size by Top-Down Analysis
Figure 5 Tic Market: Top-Down Approach
2.2.3 Supply-Side Analysis
Figure 6 Market Size Estimation Methodology (Supply Side): Illustration of Revenue Estimation of Key Market Players in Testing, Inspection, and Certification Market
2.3 Market Breakdown and Data Triangulation
Figure 7 Data Triangulation
2.4 Risk Assessment
Table 1 Risks
2.5 Limitations
Table 2 Study Limitations
2.6 Research Assumption
Table 3 Study Assumptions
3 Executive Summary
3.1 Executive Summary
3.2 Scenario Analysis
Figure 8 Impact of COVID-19 on Global Tic Market
3.2.1 Realistic Scenario (Post-COVID-19)
3.2.2 Pessimistic Scenario (Post-COVID-19)
3.2.3 Optimistic Scenario (Post-COVID-19)
Figure 9 Tic Market, by Service Type, 2021
Figure 10 Tic Market, by Application, 2021 Vs. 2026
Figure 11 Tic Market Share, by Region, 2020
4 Premium Insights
4.1 Introduction of Innovative Tic Services in Recent Times Has Helped Government Agencies to Discourage Fake Products
Figure 12 Product Standardization Norms and Penetration of Advanced Technologies Across Multiple Industries to Lead Tic Market Growth During Forecast Period
4.2 Tic Market, by Sourcing Type
Figure 13 In-House Services to Hold Larger Share of Tic Market Than Outsourced Services in 2021
4.3 Tic Market, by Application
Figure 14 Consumer Goods and Retail Application to Account Forlargest Size of Tic Market in 2021
4.4 Tic Market, by Medical and Life Sciences Application
Figure 15 Medical Devices to Capture Largest Size of Tic Market for Medical and Life Sciences Application in 2026
4.5 Tic Market, by Region
Figure 16 APAC to Exhibit Highest CAGR in Tic Market During 2021-2026
5 Market Overview
5.1 Introduction
5.2 Value Chain Analysis
Figure 17 Value Chain Analysis: Tic Market
5.3 Market Dynamics
Figure 18 Tic Market: Drivers, Restraints, Opportunities, and Challenges
5.3.1 Drivers
5.3.1.1 Increasing Focus of Manufacturing Companies to Improve Customer Retention by Offering Quality Products
5.3.1.2 Surging Demand for Interoperability Testing for Connected Devices and Iot
5.3.1.3 Growing Indulgence in Unlawful Trade of Counterfeit and Flawed Pharmaceutical Products
Figure 19 Percentage of Seized Fake Pharmaceutical Products (2016)
5.3.2 Restraints
5.3.2.1 High Cost of Tic Services due to Diverse Standards and Regulations Across Different Geographies
5.3.3 Opportunities
5.3.3.1 Digital Transformation of Customer Services
5.3.3.2 Rapid Adoption of Breakthrough Technologies
5.3.4 Challenges
5.3.4.1 Adoption of Advanced Technologies by Smaller Tic Players
Figure 20 Tic Market: Ecosystem
Table 4 Tic Market: Role Across Value Chain
5.4 List of Key Emerging/Upcoming Services
Table 5 Upcoming Tic Services
5.5 Demand-Side Analysis
5.5.1 Market Penetration of Key Services in Demand Post-COVID
Figure 21 Key Services Market Penetration
5.6 List of Key Players Offering New Services
Figure 22 Key Tic Market Players with New or Improved Service Offerings, 2020
5.7 Tic Market Hotbeds, 2026
Figure 23 Tic Market Growth Areas, 2026
5.8 Revenue Shift and New Revenue Pockets for Tic Market Players
Figure 24 Revenue Shift in Tic Market
5.9 Regulatory Bodies
5.10 Service Providers
5.11 End-users
5.12 Porter's Five Forces Analysis
Table 6 Porter's Five Forces Analysis with Their Weighted Impact, 2020
5.12.1 Threat of New Entrants
5.12.2 Threat of Substitutes
5.12.3 Bargaining Power of Suppliers
5.12.4 Bargaining Power of Buyers
5.12.5 Competitive Rivalry
5.13 Technology Analysis
5.13.1 Tic Market
5.13.2 Substitute Technology
5.14 Key Industry Trends
Table 7 Major Trends in Tic Market
5.15 Pricing Analysis
Table 8 Cost Estimation for Different Stages of Emc Testing
5.16 Patent Analysis
Table 9 Important Innovations and Patent Registration, 2012-2020
5.17 Trade Analysis
5.17.1 Export Scenario of Instruments and Appliances Used in Medical, Surgical, Dental, or Veterinary Sciences
Figure 25 Export of Instruments and Appliances Used in Medical, Surgical, Dental, or Veterinary Sciences, 2015-2019
Table 10 Export Scenario for Hs Code: 9018-Compliant Products, by Country, 2015-2019 (USD Thousand)
5.17.2 Import Scenario of Instruments and Appliances Used in Medical, Surgical, Dental, or Veterinary Sciences
Figure 26 Import of Instruments and Appliances Used in Medical, Surgical, Dental, or Veterinary Sciences, 2015-2019
Table 11 Import Scenario for Hs Code: 9018-Compliant Products, by Country, 2015-2019 (USD Thousand)
5.18 Important Regulations in Tic Market
5.19 COVID-19 Impact Analysis
5.19.1 Impact on Value Chain
5.19.1.1 Impact on Market
5.19.1.2 Expected Impact Analysis
5.19.1.3 Pre- and Post-COVID Impact Analysis
5.19.1.3.1 Global COVID Impact Analysis
5.19.1.3.2 COVID Impact Analysis: Tic Market in North America
Figure 27 Tic Market in North America: Impact of COVID
5.19.1.3.3 COVID Impact Analysis: Tic Market in Europe
Figure 28 Tic Market in Europe: Impact of COVID
5.19.1.3.4 COVID Impact Analysis: Tic Market in APAC
Figure 29 Tic Market in APAC: Impact of COVID
5.19.1.3.5 COVID Impact Analysis: Tic Market in Row
Figure 30 Tic Market in RoW: Impact of COVID
5.20 Case Study Analysis
5.20.1 Pipelines and Platforms
5.20.1.1 Applus+ Adopted Inspection Services for Its Customized Remote Visual Tanks and Pipelines
5.20.2 Steel Manufacturing
5.20.2.1 Tüv Süd Helped Manufacturing Company with Specific Inspection Services
5.20.3 Gas Supplies
5.20.3.1 Element Provides Niche Testing and Assurance Services to Airbus Company
6 Tic Market, by Service Type
6.1 Introduction
Figure 31 Testing Services Continue to Dominate Tic Market During Forecast Period
Table 12 Tic Market, by Service Type, 2017-2020 (USD Billion)
Table 13 Tic Market, by Service Type, 2021-2026 (USD Billion)
6.2 Testing
6.2.1 Increased Need to Test Medical Devices Drives Demand for Testing Services
6.3 Inspection
6.3.1 Escalated Demand for Essential Commodities to Boost Growth of Market for Inspection Services
6.4 Certification
6.4.1 Product Marketability Can be Achieved Through Certification Services
6.5 Others
7 Tic Market, by Sourcing Type
7.1 Introduction
Figure 32 In-House Tic Services to Account for Larger Market Size Globally in 2021
Table 14 Tic Market, by Sourcing Type, 2017-2020 (USD Billion)
Table 15 Tic Market, by Sourcing Type, 2021-2026 (USD Billion)
7.2 In-House Services
7.2.1 In-House Testing Services Would Capture Larger Market Share in Coming Years
7.3 Outsourced Services
7.3.1 Market for Outsourced Services to Grow at Higher CAGR Considering Their Convenience and Accuracy
8 Tic Market, by Application
8.1 Introduction
Figure 33 Consumer Goods and Retail Application to Hold Largest Size of Tic Market in 2026
Table 16 Tic Market, by Application, 2017-2020 (USD Million)
Table 17 Tic Market, by Application, 2021-2026 (USD Million)
8.2 Consumer Goods & Retail
8.2.1 Tic Services Ensure Safety and Acceptability of Personal Care & Beauty Products
8.2.2 Personal Care & Beauty Products
8.2.3 Hard Goods
8.2.4 Softlines & Accessories
8.2.5 Toys & Juvenile Products
8.2.6 Electrical & Electronics
8.2.7 Others
Table 18 Tic Market for Consumer Goods and Retail Application, by Type, 2017-2020 (USD Million)
Table 19 Tic Market for Consumer Goods & Retail Application, by Type, 2021-2026 (USD Million)
8.3 Agriculture & Food
8.3.1 Certification Services Ensure High-Quality Production of Agriculture and Food Products
8.3.2 Seeds & Crops
8.3.3 Fertilizers
8.3.4 Commodities
8.3.5 Food
8.3.6 Meat
8.3.7 Forestry
8.3.8 Others
Table 20 Tic Market for Agriculture & Food Application, by Type, 2017-2020 (USD Million)
Table 21 Tic Market for Agriculture & Food Application, by Type, 2021-2026 (USD Million)
8.4 Chemical
8.4.1 Stringent Regulations Imposed by Government on Chemical Manufacturing Companies Worldwide Have Created Demand for Testing and Certification Services
8.4.2 Asset Integrity Management Services
8.4.3 Project Lifecycle Services
8.4.4 Finished Product Services
8.4.5 Chemical Feedstock Services
8.4.6 Others
Table 22 Tic Market for Chemical Application, by Type, 2017-2020 (USD Million)
Table 23 Tic Market for Chemical Application, by Type, 2021-2026 (USD Million)
8.5 Construction & Infrastructure
8.5.1 Transformation of Conventional Processes to Digital Has Encouraged Tic Companies to Introduce Newer Construction-Related Services
8.5.2 Project Management Services
8.5.3 Material Services
8.5.4 Construction Machinery & Equipment Services
8.5.5 Facilities Management & Inspection Services
8.5.6 Others
Table 24 Tic Market for Construction & Infrastructure Application, by Type, 2017-2020 (USD Million)
Table 25 Tic Market for Construction & Infrastructure Application, by Type, 2021-2026 (USD Million)
8.6 Energy & Power
8.6.1 Incentivization on Renewable Energy Projects by Various Governments is Fuelling Demand for Tic Services to Ensure Improved Performance of Power Plants
8.6.2 Energy Sources
8.6.2.1 Nuclear
8.6.2.2 Wind
8.6.2.3 Solar
8.6.2.4 Alternative Fuels
8.6.2.5 Fuel Oil & Gases
8.6.2.6 Coal
8.6.3 Power Generation
8.6.4 Power Distribution
8.6.5 Asset Integrity Management Services
8.6.6 Project Lifecycle Services
8.6.7 Others
Table 26 Tic Market for Energy & Power Application, by Type, 2017-2020 (USD Million)
Table 27 Tic Market for Energy & Power Application, by Type, 2021-2026 (USD Million)
8.7 Industrial & Manufacturing
8.7.1 Quality, Safety, and Performance of Products in Industrial and Manufacturing are Ensured Using Tic Services
8.7.2 Supplier-Related Services
8.7.3 Production- & Product-Related Services
8.7.4 Project-Related Services
8.7.5 Others
Table 28 Tic Market for Industrial & Manufacturing Application, by Type, 2017-2020 (USD Million)
Table 29 Tic Market for Industrial & Manufacturing Application, by Type, 2021-2026 (USD Million)
8.8 Medical & Life Sciences
8.8.1 Pandemic Has Opened Doors for Newer and Advanced Healthcare Products That Require Rigorous Tic Services
8.8.2 Medical Devices
8.8.3 Health, Beauty, & Wellness
8.8.4 Clinical Services
8.8.5 Laboratory Services
8.8.6 Biopharmaceutical & Pharmaceutical Services
8.8.7 Others
Table 30 Tic Market for Medical & Life Sciences Application, by Type, 2017-2020 (USD Million)
Table 31 Tic Market for Medical & Life Sciences Application, by Type, 2021-2026 (USD Million)
8.9 Mining
8.9.1 Safety of Laborers and Avoidance of Dangerous Accidents is Pushing Demand for Tic Services for Mining Applications
8.9.2 Inspection & Sampling Services
8.9.3 Analytical Services
8.9.4 Exploration Services
8.9.5 Metallurgy & Process Design Services
8.9.6 Production & Plant Services
8.9.7 Site Operation & Closure Services
8.9.8 Project Risk Assessment & Mitigation Services
8.9.9 Others
Figure 34 Exploration Services to Hold Largest Size of Tic Market for Mining Application in 2021
Table 32 Tic Market for Mining Application, by Type, 2017-2020 (USD Million)
Table 33 Tic Market for Mining Application, by Type, 2021-2026 (USD Million)
8.10 Oil & Gas and Petroleum
8.10.1 Stringent Testing and Inspection Services are Required Throughout Oil & Gas and Petroleum Value Chain to Avoid Discrepancies in Quality of Fuel
8.10.2 Upstream
8.10.3 Downstream
8.10.4 Biofuels and Feedstock
8.10.5 Petrochemicals
8.10.6 Asset Integrity Management
8.10.7 Project Lifecycle
8.10.8 Others
Table 34 Tic Market for Oil & Gas and Petroleum Application, by Type, 2017-2020 (USD Million)
Table 35 Tic Market for Oil & Gas and Petroleum Application, by Type, 2021-2026 (USD Million)
8.11 Public Sector
8.11.1 Product Conformity Assessment Services
8.11.2 Monitoring Services
8.11.3 Valuation Services
8.11.4 Others
Table 36 Tic Market for Public Sector Application, by Type, 2017-2020 (USD Million)
Table 37 Tic Market for Public Sector Application, by Type, 2021-2026 (USD Million)
8.12 Automotive
8.12.1 Investments in Electric Vehicles and Newer Technologies are Paving Way for Tic Services in Automotive Industry
8.12.2 Electrical Systems and Components
8.12.3 Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems
8.12.4 Telematics
8.12.5 Fuels, Fluids, & Lubricants
8.12.6 Interior & Exterior Materials and Components
8.12.7 Vehicle Inspection Services (Vis)
8.12.8 Homologation Testing
8.12.9 Others
Table 38 Tic Market for Automotive Application, by Type, 2017-2020 (USD Million)
Table 39 Tic Market for Automotive Application, by Type, 2021-2026 (USD Million)
8.13 Aerospace
8.13.1 New Tic Services in Aerospace Industry Have Helped Survive in Tough Times During COVID Pandemic
8.13.2 Aerospace Manufacturing Services
8.13.3 Aviation Management Services
8.13.4 Others
Table 40 Tic Market for Aerospace Application, by Type, 2017-2020 (USD Million)
Table 41 Tic Market for Aerospace Application, by Type, 2021-2026 (USD Million)
8.14 Marine
8.14.1 Inter-Trade Relations Among Countries with Stringent Import and Export Regulations Pushing Demand for Tic Services from Marine Sector
8.14.2 Marine Fuel System and Component Services
8.14.3 Ship Classification Services
8.14.4 Marine Material & Equipment Services
8.14.5 Others
Table 42 Tic Market for Marine Application, by Type, 2017-2020 (USD Million)
Table 43 Tic Market for Marine Application, by Type, 2021-2026 (USD Million)
8.15 Railway
8.15.1 Enforcement of New Laws and Multiple Safety Tests Has Ensured Stable Market Share for Rail Application
8.15.2 Rail Construction & Production Monitoring
8.15.3 Infrastructure Management
8.15.4 Others
Table 44 Tic Market for Railway Application, by Type, 2017-2020 (USD Million)
Table 45 Tic Market for Railway Application, by Type, 2021-2026 (USD Million)
8.16 Supply Chain & Logistics
8.16.1 Inspection Services are in Demand for Logistics and Supply Chain Applications
8.16.2 Packaging & Handling
8.16.3 Risk Management
8.16.4 Others
Table 46 Tic Market for Supply Chain & Logistics Application, by Type, 2017-2020 (USD Million)
Table 47 Tic Market for Supply Chain and Logistics Application, by Type, 2021-2026 (USD Million)
8.17 It and Telecom
8.17.1 Remote Working and Work from Home Options Introduced During Pandemic Have Increased Market Share of It & Telecom Application in Tic Ecosystem
8.17.2 Telecom & It Infrastructure Equipment
8.17.3 Modules & Devices
Table 48 Tic Market for It & Telecom Application, by Type, 2017-2020 (USD Million)
Table 49 Tic Market for It & Telecom Application, by Type, 2021-2026 (USD Million)
8.18 Sports & Entertainment
8.18.1 Inspection and Certification Services to be Adopted by Sports & Entertainment Industry to Ensure Product Authenticity and Safety
8.18.2 Sports Venues & Facilities
8.18.3 Sporting Goods & Protective Equipment
Table 50 Tic Market for Sports & Entertainment Application, by Type, 2017-2020 (USD Million)
Table 51 Tic Market for Sports & Entertainment Application, by Type, 2021-2026 (USD Million)
9 Geographic Analysis
9.1 Introduction
Figure 35 Geographic Snapshot: Rapidly Growing Countries Such as India and China Emerging as Potential Markets
Figure 36 APAC to Lead Tic Market During Forecast Period
Table 52 Tic Market, by Region, 2017-2020 (USD Billion)
Table 53 Tic Market, by Region, 2021-2026 (USD Billion)
9.2 North America
Figure 37 Snapshot of Tic Market in North America
Table 54 Tic Market in North America, by Country, 2017-2020 (USD Billion)
Table 55 Tic Market in North America, by Country, 2021-2026 (USD Million)
Table 56 Tic Market in North America, by Application, 2017-2020 (USD Million)
Table 57 Tic Market in North America, by Application, 2021-2026 (USD Million)
Table 58 Tic Market in North America, by Service Type, 2017-2020 (USD Million)
Table 59 Tic Market in North America, by Service Type, 2021-2026 (USD Million)
Table 60 Tic Market in North America, by Sourcing Type, 2017-2020 (USD Million)
Table 61 Tic Market in North America, by Sourcing Type, 2021-2026 (USD Million)
9.2.1 US
9.2.1.1 Increased Investments in Next-Generation Technologies Such as Artificial Intelligence, Machine Learning, and Digital Twin
Table 62 Tic Market in Us, by Application, 2017-2020 (USD Million)
Table 63 Tic Market in Us, by Application, 2021-2026 (USD Million)
Table 64 Tic Market in Us, by Service Type, 2017-2020 (USD Million)
Table 65 Tic Market in Us, by Service Type, 2021-2026 (USD Million)
Table 66 Tic Market in Us, by Sourcing Type, 2017-2020 (USD Million)
Table 67 Tic Market in Us, by Sourcing Type, 2021-2026 (USD Million)
9.2.2 Canada
9.2.2.1 High Demand for Tic Services Across Consumer Goods and Retail Applications
Table 68 Tic Market in Canada, by Application, 2017-2020 (USD Million)
Table 69 Tic Market in Canada, by Application, 2021-2026 (USD Million)
Table 70 Tic Market in Canada, by Service Type, 2017-2020 (USD Million)
Table 71 Tic Market in Canada, by Service Type, 2021-2026 (USD Million)
Table 72 Tic Market in Canada, by Sourcing Type, 2017-2020 (USD Million)
Table 73 Tic Market in Canada, by Sourcing Type, 2021-2026 (USD Million)
9.2.3 Mexico
9.2.3.1 Huge Demand for Tic Services by Players from Automotive and Aerospace Sectors
Table 74 Tic Market in Mexico, by Application, 2017-2020 (USD Million)
Table 75 Tic Market in Mexico, by Application, 2021-2026 (USD Million)
Table 76 Tic Market in Mexico, by Service Type, 2017-2020 (USD Million)
Table 77 Tic Market in Mexico, by Service Type, 2021-2026 (USD Million)
Table 78 Tic Market in Mexico, by Sourcing Type, 2017-2020 (USD Million)
Table 79 Tic Market in Mexico, by Sourcing Type, 2021-2026 (USD Million)
9.3 Europe
Figure 38 Snapshot of Tic Market in Europe
Table 80 Tic Market in Europe, by Country, 2017-2020 (USD Million)
Table 81 Tic Market in Europe, by Country, 2021-2026 (USD Million)
Table 82 Tic Market in Europe, by Application, 2017-2020 (USD Million)
Table 83 Tic Market in Europe, by Application, 2021-2026 (USD Million)
Table 84 Tic Market in Europe, by Service Type, 2017-2020 (USD Million)
Table 85 Tic Market in Europe, by Service Type, 2021-2026 (USD Million)
Table 86 Tic Market in Europe, by Sourcing Type, 2017-2020 (USD Million)
Table 87 Tic Market in Europe, by Sourcing Type, 2021-2026 (USD Million)
9.3.1 Germany
9.3.1.1 Industry 4.0 Creates Opportunities for Providers of Tic Services for Automotive and Medical Applications Across Country
Table 88 Tic Market in Germany, by Application, 2017-2020 (USD Million)
Table 89 Tic Market in Germany, by Application, 2021-2026 (USD Million)
Table 90 Tic Market in Germany, by Service Type, 2017-2020 (USD Million)
Table 91 Tic Market in Germany, by Service Type, 2021-2026 (USD Million)
Table 92 Tic Market in Germany, by Sourcing Type, 2017-2020 (USD Million)
Table 93 Tic Market in Germany, by Sourcing Type, 2021-2026 (USD Million)
9.3.2 UK
9.3.2.1 Adoption of Innovative Technologies and Implementation of Severe Regulations Will Create Growth Opportunities for Tic Market in UK Across Agriculture and Food Applications
Table 94 Tic Market in Uk, by Application, 2017-2020 (USD Million)
Table 95 Tic Market in Uk, by Application, 2021-2026 (USD Million)
Table 96 Tic Market in Uk, by Service Type, 2017-2020 (USD Million)
Table 97 Tic Market in Uk, by Service Type, 2021-2026 (USD Million)
Table 98 Tic Market in Uk, by Sourcing Type, 2017-2020 (USD Million)
Table 99 Tic Market in Uk, by Sourcing Type, 2021-2026 (USD Million)
9.3.3 France
9.3.3.1 Pharma Industry Has Seen Significant Growth in Middle of Pandemic, Thereby Fueling Demand for Tic Services
Table 100 Tic Market in France, by Application, 2017-2020 (USD Million)
Table 101 Tic Market in France, by Application, 2021-2026 (USD Million)
Table 102 Tic Market in France, by Service Type, 2017-2020 (USD Million)
Table 103 Tic Market in France, by Service Type, 2021-2026 (USD Million)
Table 104 Tic Market in France, by Sourcing Type, 2017-2020 (USD Million)
Table 105 Tic Market in France, by Sourcing Type, 2021-2026 (USD Million)
9.3.4 Italy
9.3.4.1 Government Efforts to Maintain Product Standards and Meet Global Regulations
Table 106 Tic Market in Italy, by Application, 2017-2020 (USD Million)
Table 107 Tic Market in Italy, by Application, 2021-2026 (USD Million)
Table 108 Tic Market in Italy, by Service Type, 2017-2020 (USD Million)
Table 109 Tic Market in Italy, by Service Type, 2021-2026 (USD Million)
Table 110 Tic Market in Italy, by Sourcing Type, 2017-2020 (USD Million)
Table 111 Tic Market in Italy, by Sourcing Type, 2021-2026 (USD Million)
9.3.5 Spain
9.3.5.1 Privatization of Aerospace Industry to Create Opportunities for Tic Players
Table 112 Tic Market in Spain, by Application, 2017-2020 (USD Million)
Table 113 Tic Market in Spain, by Application, 2021-2026 (USD Million)
Table 114 Tic Market in Spain, by Service Type, 2017-2020 (USD Million)
Table 115 Tic Market in Spain, by Service Type, 2021-2026 (USD Million)
Table 116 Tic Market in Spain, by Sourcing Type, 2017-2020 (USD Million)
Table 117 Tic Market in Spain, by Sourcing Type, 2021-2026 (USD Million)
9.3.6 Belgium
9.3.6.1 Thriving Petroleum and Chocolate Industries to Boost Tic Market Growth in Belgium
Table 118 Tic Market in Belgium, by Application, 2017-2020 (USD Million)
Table 119 Tic Market in Belgium, by Application, 2021-2026 (USD Million)
Table 120 Tic Market in Belgium, by Service Type, 2017-2020 (USD Million)
Table 121 Tic Market in Belgium, by Service Type, 2021-2026 (USD Million)
Table 122 Tic Market in Belgium, by Sourcing Type, 2017-2020 (USD Million)
Table 123 Tic Market in Belgium, by Sourcing Type, 2021-2026 (USD Million)
9.3.7 Russia
9.3.7.1 Tic Services Have Demand from Food and Agriculture Industries
Table 124 Tic Market in Russia, by Application, 2017-2020 (USD Million)
Table 125 Tic Market in Russia, by Application, 2021-2026 (USD Million)
Table 126 Tic Market in Russia, by Service Type, 2017-2020 (USD Million)
Table 127 Tic Market in Russia, by Service Type, 2021-2026 (USD Million)
Table 128 Tic Market in Russia, by Sourcing Type, 2017-2020 (USD Million)
Table 129 Tic Market in Russia, by Sourcing Type, 2021-2026 (USD Million)
9.3.8 Netherlands
9.3.8.1 Strong Focus on Innovations Leading to Product Launches, Thereby Boosting Demand for Tic Services
Table 130 Tic Market in Netherlands, by Application, 2017-2020 (USD Million)
Table 131 Tic Market in Netherlands, by Application, 2021-2026 (USD Million)
Table 132 Tic Market in Netherlands, by Service Type, 2017-2020 (USD Million)
Table 133 Tic Market in Netherlands, by Service Type, 2021-2026 (USD Million)
Table 134 Tic Market in Netherlands, by Sourcing Type, 2017-2020 (USD Billion)
Table 135 Tic Market in Netherlands, by Sourcing Type, 2021-2026 (USD Billion)
9.3.9 Switzerland
9.3.9.1 Booming Consumer Goods and Retail Industries Create Demand for Tic Services
Table 136 Tic Market in Switzerland, by Application, 2017-2020 (USD Million)
Table 137 Tic Market in Switzerland, by Application, 2021-2026 (USD Million)
Table 138 Tic Market in Switzerland, by Service Type, 2017-2020 (USD Million)
Table 139 Tic Market in Switzerland, by Service Type, 2021-2026 (USD Million)
Table 140 Tic Market in Switzerland, by Sourcing Type, 2017-2020 (USD Million)
Table 141 Tic Market in Switzerland, by Sourcing Type, 2021-2026 (USD Million)
9.3.10 Hungary
9.3.10.1 E-Commerce Industry in Hungary Provides Growth Opportunities to Tic Players
9.3.11 Poland
9.3.11.1 Technologies Such as Iot, Cloud Computing, and Cybersecurity Boost Tic Market Growth in Poland
9.3.12 Bulgaria
9.3.12.1 Huge Potential for Manufacturing Companies in Tic Ecosystem
9.3.13 Sweden
9.3.13.1 Strong Focus of Sweden on Electronic Manufacturing to Improve Global Ranking Would Foster Tic Market Growth
9.3.14 Norway
9.3.14.1 Exports and Petroleum Industries Contribute Most to Improve Global Ranking of Country
9.3.15 Romania
9.3.15.1 Software and Service Industries Have Helped Generating Employment in Romania
9.3.16 Austria
9.3.16.1 Logistics and Telecommunications Sectors to Promote for Tic Market Growth in Austria
9.3.17 Turkey
9.3.17.1 Start-Ups and Innovative Companies from Turkey Stimulate Demand for Tic Services
9.3.18 Croatia
9.3.18.1 Developmental Strategies Adopted to Ensure Growth of Tourism and Sports Industries in Croatia to Create Demand for Tic Services
9.3.19 Ireland
9.3.19.1 Innovative Technologies Such as Digital Marketing and Industrial Robots Help Ireland to Improve Global Ranking
9.3.20 Greece
9.3.20.1 Strategic Location of Country Helps Fishing, Mining, and Export Industries to Flourish
9.3.21 Czech Republic
9.3.21.1 Strong Focus on Widening Automotive Manufacturing Capabilities Creates Demand for Tic Services in Czech Republic
9.3.22 Latvia
9.3.22.1 Supply Chain and Logistics Functions Help Latvia to Stabilize Its National Economy
9.3.23 Denmark
9.3.23.1 Strong Membership with International Bodies Ensure Quality Products in Denmark
9.3.24 Lithuania
9.3.24.1 Food Industry to Foster Demand for Tic Services in Lithuania
9.3.25 Estonia
9.3.25.1 Strict Norms and Import Regulations Generate Need for Non-Conventional Tic Services
9.3.26 Rest of Europe (Roe)
9.4 Asia-Pacific
Figure 39 Snapshot of Tic Market in APAC
Table 142 Tic Market in Apac, by Country, 2017-2020 (USD Million)
Table 143 Tic Market in Apac, by Country, 2021-2026 (USD Million)
Table 144 Tic Market in Apac, by Application, 2017-2020 (USD Million)
Table 145 Tic Market in Apac, by Application, 2021-2026 (USD Million)
Table 146 Tic Market in Apac, by Service Type, 2017-2020 (USD Million)
Table 147 Tic Market in Apac, by Service Type, 2021-2026 (USD Million)
Table 148 Tic Market in Apac, by Sourcing Type, 2017-2020 (USD Million)
Table 149 Tic Market in Apac, by Sourcing Type, 2021-2026 (USD Million)
9.4.1 China
9.4.1.1 Rapid Technological Advances and Increased Demand for Medical Products Foster Tic Market Growth
Table 150 Tic Market in China, by Application, 2017-2020 (USD Million)
Table 151 Tic Market in China, by Application, 2021-2026 (USD Million)
Table 152 Tic Market in China, by Service Type, 2017-2020 (USD Million)
Table 153 Tic Market in China, by Service Type, 2021-2026 (USD Million)
Table 154 Tic Market in China, by Sourcing Type, 2017-2020 (USD Million)
Table 155 Tic Market in China, by Sourcing Type, 2021-2026 (USD Million)
9.4.2 Japan
9.4.2.1 Stringent Regulatory Norms Pertaining to Food & Beverages and Telecommunications to Ensure Safety and Security of Human Beings Would Fuel Demand for Tic Services
Table 156 Tic Market in Japan, by Application, 2017-2020 (USD Million)
Table 157 Tic Market in Japan, by Application, 2021-2026 (USD Million)
Table 158 Tic Market in Japan, by Service Type, 2017-2020 (USD Million)
Table 159 Tic Market in Japan, by Service Type, 2021-2026 (USD Million)
Table 160 Tic Market in Japan, by Sourcing Type, 2017-2020 (USD Million)
Table 161 Tic Market in Japan, by Sourcing Type, 2021-2026 (USD Million)
9.4.3 India
9.4.3.1 Increased Demand for Tic Services to Test and Certify COVID-19 Vaccine and Medical Devices
Table 162 Tic Market in India, by Application, 2017-2020 (USD Million)
Table 163 Tic Market in India, by Application, 2021-2026 (USD Million)
Table 164 Tic Market in India, by Service Type, 2017-2020 (USD Million)
Table 165 Tic Market in India, by Service Type, 2021-2026 (USD Million)
Table 166 Tic Market in India, by Sourcing Type, 2017-2020 (USD Million)
Table 167 Tic Market in India, by Sourcing Type, 2021-2026 (USD Million)
9.4.4 South Korea
9.4.4.1 Huge Potential in Exports of Electronics and Medical Devices Stimulates Need for Tic Services
Table 168 Tic Market in South Korea, by Application, 2017-2020 (USD Million)
Table 169 Tic Market in South Korea, by Application, 2021-2026 (USD Million)
Table 170 Tic Market in South Korea, by Service Type, 2017-2020 (USD Million)
Table 171 Tic Market in South Korea, by Service Type, 2021-2026 (USD Million)
Table 172 Tic Market in South Korea, by Sourcing Type, 2017-2020 (USD Million)
Table 173 Tic Market in South Korea, by Sourcing Type, 2021-2026 (USD Million)
9.4.5 Australia
9.4.5.1 Stringent Regulations in Healthcare and Mining Industries Accelerate Growth of Australian Tic Market
Table 174 Tic Market in Australia, by Application, 2017-2020 (USD Million)
Table 175 Tic Market in Australia, by Application, 2021-2026 (USD Million)
Table 176 Tic Market in Australia, by Service Type, 2017-2020 (USD Million)
Table 177 Tic Market in Australia, by Service Type, 2021-2026 (USD Million)
Table 178 Tic Market in Australia, by Sourcing Type, 2017-2020 (USD Million)
Table 179 Tic Market in Australia, by Sourcing Type, 2021-2026 (USD Million)
9.4.6 Singapore
9.4.6.1 Strict Government Policies for Electric and Electronic Products Push Demand for Tic Services
Table 180 Tic Market in Singapore, by Application, 2017-2020 (USD Million)
Table 181 Tic Market in Singapore, by Application, 2021-2026 (USD Million)
Table 182 Tic Market in Singapore, by Service Type, 2017-2020 (USD Million)
Table 183 Tic Market in Singapore, by Service Type, 2021-2026 (USD Million)
Table 184 Tic Market in Singapore, by Sourcing Type, 2017-2020 (USD Million)
Table 185 Tic Market in Singapore, by Sourcing Type, 2021-2026 (USD Million)
9.4.7 Thailand
9.4.7.1 Booming Telecommunications and Manufacturing Industries Contribute Tic Market Growth in Thailand
Table 186 Tic Market in Thailand, by Application, 2017-2020 (USD Million)
Table 187 Tic Market in Thailand, by Application, 2021-2026 (USD Million)
Table 188 Tic Market in Thailand, by Service Type, 2017-2020 (USD Million)
Table 189 Tic Market in Thailand, by Service Type, 2021-2026 (USD Million)
Table 190 Tic Market in Thailand, by Sourcing Type, 2017-2020 (USD Million)
Table 191 Tic Market in Thailand, by Sourcing Type, 2021-2026 (USD Million)
9.4.8 Indonesia
9.4.8.1 Increasing Mandates for Testing Electronic Products in Country to Fuel Market Growth
Table 192 Tic Market in Indonesia, by Application, 2017-2020 (USD Million)
Table 193 Tic Market in Indonesia, by Application, 2021-2026 (USD Million)
Table 194 Tic Market in Indonesia, by Service Type, 2017-2020 (USD Million)
Table 195 Tic Market in Indonesia, by Service Type, 2021-2026 (USD Million)
Table 196 Tic Market in Indonesia, by Sourcing Type, 2017-2020 (USD Million)
Table 197 Tic Market in Indonesia, by Sourcing Type, 2021-2026 (USD Million)
9.4.9 Malaysia
9.4.9.1 Surging Demand for Tic Services from Electrical & Electronics, Banking, and It Sectors in Malaysia
Table 198 Tic Market in Malaysia, by Application, 2017-2020 (USD Million)
Table 199 Tic Market in Malaysia, by Application, 2021-2026 (USD Million)
Table 200 Tic Market in Malaysia, by Service Type, 2017-2020 (USD Million)
Table 201 Tic Market in Malaysia, by Service Type, 2021-2026 (USD Million)
Table 202 Tic Market in Malaysia, by Sourcing Type, 2017-2020 (USD Million)
Table 203 Tic Market in Malaysia, by Sourcing Type, 2021-2026 (USD Million)
9.4.10 Vietnam
9.4.10.1 Binding Regulations for Testing, Inspection, and Certification of Cosmetic Ingredients and Products
Table 204 Tic Market in Vietnam, by Application, 2017-2020 (USD Million)
Table 205 Tic Market in Vietnam, by Application, 2021-2026 (USD Million)
Table 206 Tic Market in Vietnam, by Service Type, 2017-2020 (USD Million)
Table 207 Tic Market in Vietnam, by Service Type, 2021-2026 (USD Million)
Table 208 Tic Market in Vietnam, by Sourcing Type, 2017-2020 (USD Million)
Table 209 Tic Market in Vietnam, by Sourcing Type, 2021-2026 (USD Million)
9.4.11 Taiwan
9.4.11.1 Flourishing Automotive, Cosmetics, and Telecommunications Industries to Promote Demand for Tic Services
Table 210 Tic Market in Taiwan, by Application, 2017-2020 (USD Million)
Table 211 Tic Market in Taiwan, by Application, 2021-2026 (USD Million)
Table 212 Tic Market in Taiwan, by Service Type, 2017-2020 (USD Million)
Table 213 Tic Market in Taiwan, by Service Type, 2021-2026 (USD Million)
Table 214 Tic Market in Taiwan, by Sourcing Type, 2017-2020 (USD Million)
Table 215 Tic Market in Taiwan, by Sourcing Type, 2021-2026 (USD Million)
9.4.12 Hong Kong
9.4.12.1 Uncompromising Norms Set by Government to Ensure Safety, Electromagnetic Compatibility, and Performance of Consumer Products
Table 216 Tic Market in Hong Kong, by Application, 2017-2020 (USD Million)
Table 217 Tic Market in Hong Kong, by Application, 2021-2026 (USD Million)
Table 218 Tic Market in Hong Kong, by Service Type, 2017-2020 (USD Million)
Table 219 Tic Market in Hong Kong, by Service Type, 2021-2026 (USD Million)
Table 220 Tic Market in Hong Kong, by Sourcing Type, 2017-2020 (USD Million)
Table 221 Tic Market in Hong Kong, by Sourcing Type, 2021-2026 (USD Million)
9.4.13 Bangladesh
9.4.13.1 Booming Textiles Industry and Stringent Rules to Ensure Quality Products Manufactured by Consumer Goods and Retail Companies
Table 222 Tic Market in Bangladesh, by Application, 2017-2020 (USD Million)
Table 223 Tic Market in Bangladesh, by Application, 2021-2026 (USD Million)
Table 224 Tic Market in Bangladesh, by Service Type, 2017-2020 (USD Million)
Table 225 Tic Market in Bangladesh, by Service Type, 2021-2026 (USD Million)
Table 226 Tic Market in Bangladesh, by Sourcing Type, 2017-2020 (USD Million)
Table 227 Tic Market in Bangladesh, by Sourcing Type, 2021-2026 (USD Million)
9.4.14 Philippines
9.4.14.1 Growing Ict Sector and Availability of Online Product Certification
Table 228 Tic Market in Philippines, by Application, 2017-2020 (USD Million)
Table 229 Tic Market in Philippines, by Application, 2021-2026 (USD Million)
Table 230 Tic Market in Philippines, by Service Type, 2017-2020 (USD Million)
Table 231 Tic Market in Philippines, by Service Type, 2021-2026 (USD Million)
Table 232 Tic Market in Philippines, by Sourcing Type, 2017-2020 (USD Million)
Table 233 Tic Market in Philippines, by Sourcing Type, 2021-2026 (USD Million)
9.4.15 Rest of APAC (Roapac)
Table 234 Tic Market in Rest of Apac, by Application, 2017-2020 (USD Million)
Table 235 Tic Market in Rest of Apac, by Application, 2021-2026 (USD Million)
Table 236 Tic Market in Rest of Apac, by Service Type, 2017-2020 (USD Million)
Table 237 Tic Market in Rest of Apac, by Service Type, 2021-2026 (USD Million)
Table 238 Tic Market in Rest of Apac, by Sourcing Type, 2017-2020 (USD Million)
Table 239 Tic Market in Rest of Apac, by Sourcing Type, 2021-2026 (USD Million)
9.5 Rest of the World
Figure 40 Snapshot of Tic Market in Row
Table 240 Tic Market in Row, by Country, 2017-2020 (USD Million)
Table 241 Tic Market in Row, by Country, 2021-2026 (USD Million)
Table 242 Tic Market in Row, by Application, 2017-2020 (USD Million)
Table 243 Tic Market in Row, by Application, 2021-2026 (USD Million)
Table 244 Tic Market in Row, by Service Type, 2017-2020 (USD Million)
Table 245 Tic Market in Row, by Service Type, 2021-2026 (USD Million)
Table 246 Tic Market in Row, by Sourcing Type, 2017-2020 (USD Billion)
Table 247 Tic Market in Row, by Sourcing Type, 2021-2026 (USD Billion)
9.5.1 Brazil
9.5.1.1 Opportunities Created by Favorable Government Policies in Healthcare, Energy, Infrastructure, and Defense Industries
Table 248 Tic Market in Brazil, by Application, 2017-2020 (USD Million)
Table 249 Tic Market in Brazil, by Application, 2021-2026 (USD Million)
Table 250 Tic Market in Brazil, by Service Type, 2017-2020 (USD Million)
Table 251 Tic Market in Brazil, by Service Type, 2021-2026 (USD Million)
Table 252 Tic Market in Brazil, by Sourcing Type, 2017-2020 (USD Billion)
Table 253 Tic Market in Brazil, by Sourcing Type, 2021-2026 (USD Billion)
9.5.2 Argentina
9.5.2.1 Mutual Agreements and Contracts for Import and Export of Products Ultimately Boost Demand for Tic Services in Argentina
Table 254 Tic Market in Argentina, by Application, 2017-2020 (USD Thousand)
Table 255 Tic Market in Argentina, by Application, 2021-2026 (USD Thousand)
Table 256 Tic Market in Argentina, by Service Type, 2017-2020 (USD Million)
Table 257 Tic Market in Argentina, by Service Type, 2021-2026 (USD Million)
Table 258 Tic Market in Argentina, by Sourcing Type, 2017-2020 (USD Million)
Table 259 Tic Market in Argentina, by Sourcing Type, 2021-2026 (USD Million)
9.5.3 Saudi Arabia
9.5.3.1 Existence of Oil Reserves Creates New Revenue Pockets for Tic Service Providers
Table 260 Tic Market in Saudi Arabia, by Application, 2017-2020 (USD Million)
Table 261 Tic Market in Saudi Arabia, by Application, 2021-2026 (USD Million)
Table 262 Tic Market in Saudi Arabia, by Service Type, 2017-2020 (USD Million)
Table 263 Tic Market in Saudi Arabia, by Service Type, 2021-2026 (USD Million)
Table 264 Tic Market in Saudi Arabia, by Sourcing Type, 2017-2020 (USD Billion)
Table 265 Tic Market in Saudi Arabia, by Sourcing Type, 2021-2026 (USD Billion)
9.5.4 Morocco
9.5.4.1 Agro-Industrial and Renewable Companies to Contribute Most to Tic Market Growth in Morocco
9.5.5 United Arab Emirates
9.5.5.1 Development in Manufacturing Sector to Surge Demand for Tic Services in UAE
9.5.6 Peru
9.5.6.1 Building and Construction Activities in Peru to Widen Horizon of Tic Market Players
9.5.7 Chile
9.5.7.1 Mandatory Certification of Consumer Electronics Shaping and Motivating Tic Companies to Provide Services in Chile
9.5.8 Colombia
9.5.8.1 Booming Medical and Pharmaceuticals Industries in Columbia Encourage Tic Market Growth
9.5.9 Venezuela
9.5.9.1 Oil & Gas and Petroleum Industries Would Provide Growth Opportunities for Tic Market
9.5.10 Iran
9.5.10.1 Stringent and Tight Regulations for Imported Products Would Require Tic Services to Ensure Safety and Reliability
9.5.11 Iraq
9.5.11.1 Booming Consumer Goods and Retail Industries in Iraq Would Foster Tic Market Growth
9.5.12 Qatar
9.5.12.1 Oil & Gas Industry in Qatar Promotes Tic Market Growth
9.5.13 Oman
9.5.13.1 Huge Opportunities in Telecom and Agriculture Sectors to Boost Demand for Tic Services
9.5.14 Bahrain
9.5.14.1 Stringent Certification and Inspection Policies in Medical and Pharmaceuticals Industry Create Need for Tic Services
9.5.15 Egypt
9.5.15.1 Renewable Energy and Logistics Sector Giving Tic Players Several Growth Opportunities
9.5.16 South Africa
9.5.16.1 Industries Affecting Tic Market in South Africa are Exports, Energy & Power, and Communication
9.5.17 Rest of Middle East and Africa
10 Competitive Landscape
10.1 Overview
Figure 41 Service Launch Emerged as Key Strategy Adopted by Market Players from January 2017 to June 2020
10.2 Market Share and Ranking Analysis of Key Companies, 2020
Table 266 Degree of Competition
Figure 42 Market Rank of Top Players of Tic Market
10.3 Five-Year Revenue Analysis of Major Players in Tic Market
Figure 43 Tic Market: Five-Year Revenue Snapshot of Major Players, 2015-2019 (USD Million)
10.4 Company Evaluation Matrix, 2019
10.4.1 Star
10.4.2 Emerging Leader
10.4.3 Pervasive
10.4.4 Participant
Figure 44 Tic Market, Company Evaluation Matrix (2020)
10.5 Startup/Sme Evaluation Matrix, 2020
10.5.1 Progressive Company
10.5.2 Responsive Company
10.5.3 Dynamic Company
10.5.4 Starting Block
Figure 45 Tic Market, Start-Up/Sme Evaluation Matrix (2020)
10.6 Company Footprint
Table 267 Company Footprint: Tic Market
Table 268 Company Application Footprint: Tic Market
Table 269 Company Region Footprint: Tic Market
10.7 Competitive Situations and Trends
Table 270 Service Launches, January 2020 to June 2021
10.7.1 Deals
Table 271 Deals, January 2020 to January 2021
11 Company Profiles
11.1 Introduction
(Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, Analyst's View)*
11.1.1 Sgs Group
Table 272 Sgs Group: Business Overview
Figure 46 Sgs Group: Company Snapshot
Table 273 Sgs Group: Service Launches
Table 274 Sgs Group: Deals
11.1.2 Bureau Veritas
Table 275 Bureau Veritas: Business Overview
Figure 47 Bureau Veritas: Company Snapshot
Table 276 Bureau Veritas: Service Launches
Table 277 Bureau Veritas: Deals
11.1.3 Intertek
Table 278 Intertek: Business Overview
Figure 48 Intertek: Company Snapshot
Table 279 Intertek: Service Launches
Table 280 Intertek: Deals
11.1.4 Dekra Se
Table 281 Dekra Se: Business Overview
Figure 49 Dekra Se: Company Snapshot
Table 282 Dekra Se: Product Launches
Table 283 Dekra Se: Deals
11.1.5 Eurofins Scientific
Table 284 Eurofins Scientific: Business Overview
Figure 50 Eurofins Scientific: Company Snapshot
Table 285 Eurofins Scientific: Product Launches
Table 286 Eurofins Scientific: Deals
11.1.6 Tüv Süd
Table 287 Tüv Süd: Business Overview
Figure 51 Tüv Süd: Company Snapshot
Table 288 Tüv Süd: Product Launches
Table 289 Tüv Süd: Deals
11.1.7 Dnv Gl
Table 290 Dnv Gl: Business Overview
Figure 52 Dnv Gl: Company Snapshot
Table 291 Dnv Gl: Product Launches
Table 292 Dnv Gl: Deals
11.1.8 Applus+
Table 293 Applus+: Business Overview
Figure 53 Applus+: Company Snapshot
Table 294 Applus+: Product Launches
Table 295 Applus+: Deals
11.1.9 Als Limited
Table 296 Als Limited: Business Overview
Figure 54 Als Limited: Company Snapshot
Table 297 Als Limited: Product Launches
Table 298 Acuity Brands: Deals
11.1.10 Tüv Nord Group
Table 299 Tüv Nord: Business Overview
Figure 55 Tüv Nord Group: Company Snapshot
Table 300 Tüv Nord: Product Launches
Table 301 Tüv Nord: Deals
11.1.11 Lloyd's Register Group Limited
Table 302 Lloyd's Register Group Limited: Business Overview
Figure 56 Lloyd's Register Group Limited: Company Snapshot
Table 303 Lloyd's Register Group Limited: Product Launches
Table 304 Legrand: Deals
11.1.12 Mistras
Table 305 Mistras: Business Overview
Figure 57 Mistras: Company Snapshot
Table 306 Mistras: Deals
11.1.13 Element Materials Technology
Table 307 Element Materials Technology: Business Overview
Table 308 Element Materials Technology: Deals
11.1.14 Ul LLC
Table 309 Ul LLC: Business Overview
Table 310 Ul LLC: Product Launches
Table 311 Ul LLC: Deals
11.1.15 Apave International
Table 312 Apave International: Business Overview
Table 313 Apave International: Deals
*Details on Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, Analyst's View Might Not be Captured in Case of Unlisted Companies.
11.2 Sme Players
11.2.1 Irclass
11.2.2 Qs Testing
11.2.3 Thomas Bell-Wright International Consultants
11.2.4 Tic Sera
11.2.5 Hohenstein
11.2.6 Sai Global
11.2.7 Astm International
11.2.8 Vde Testing Institute
11.2.9 Keystone Compliance
11.2.10 Washington Laboratories Ltd.
11.2.11 Force Technology
11.2.12 Kiwa Inspecta
11.2.13 Rina S.P.A.
11.2.14 Technická Inšpekcia
11.2.15 Türk Loydu
11.2.16 Safety Assessment Federation (Safed)
11.2.17 Prime Group
11.2.18 Hv Technologies Inc.
11.2.19 Core Laboratories
11.2.20 National Collateral Management Service Limited (Ncml)
11.2.21 Amspec
11.2.22 Asurequality
11.2.23 Medistri Sa
11.2.24 Avomeen Analytical Services
11.2.25 Envigo
11.2.26 Gateway Analytical
11.2.27 Gulf Inspection International Co.
11.2.28 Nippon Kaiji Kentei Kyokai (Nkkk)
11.2.29 Humber Inspection International Ltd.
11.2.30 Nqaqsr North America
11.2.31 Baltic Control Ltd.
11.2.32 British Standards Institute (Bsi)
12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store
12.4 Available Customizations

Executive Summary

Companies Mentioned

  • Als Limited
  • Amspec
  • Apave International
  • Applus+
  • Astm International
  • Asurequality
  • Avomeen Analytical Services
  • Baltic Control Ltd.
  • British Standards Institute (Bsi)
  • Bureau Veritas
  • Core Laboratories
  • Cotecna
  • Dekra Se
  • Dnv Gl
  • Element Materials Technology
  • Envigo
  • Eurofins Scientific
  • Favareto Sa
  • Force Technology
  • Gateway Analytical
  • Gulf Inspection International Co.
  • Hohenstein
  • Humber Inspection International Ltd.
  • Hv Technologies Inc.
  • Intertek
  • Irclass
  • Keystone Compliance
  • Kiwa Inspecta
  • Lenor Group
  • Lloyd's Register Group Limited
  • Medistri Sa
  • Mistras
  • National Collateral Management Service Limited (Ncml)
  • Nippon Kaiji Kentei Kyokai (Nkkk)
  • Nqaqsr North America
  • Opus
  • Prime Group
  • Qs Testing
  • Rina S.P.A.
  • Safety Assessment Federation (Safed)
  • Sgs Group
  • Team Inc.
  • Technická Inšpekcia
  • Thomas Bell-Wright International Consultants
  • Tic Sera
  • Türk Loydu
  • Tüv Nord Group
  • Tüv Rheinland
  • Tüv Süd
  • Ul LLC
  • Vde Testing Institute
  • Washington Laboratories Ltd.

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