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Global Aerospace and life sciences TICMarket Size study, bySourcing type (In-house services, Outsourced services) by Service type (Testing, Inspection, Certifications, Other) by Application (Medical and Life Sciences, Aerospace)and Regional Forecasts 2021-2027

June 2021 | 200 pages | ID: G56F9D3EE457EN
Bizwit Research & Consulting LLP

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Global Aerospace and life sciences TIC Market is valued approximately USD 31.3 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.8% over the forecast period 2021-2027. Testing, inspection, and certification (TIC) are used in the aerospace and life sciences industries to improve production efficiency, security, and speed. Regulatory authorities in the life sciences business, such as the FDA and the EMA, place a high emphasis on product quality and safety. For example, Kareway Products, Inc (US) recalled Gericare Eye Wash, a Sterile Eye Irrigation Solution, in February 2018 owing to reporting hazards.Sufferers, healthcare professionals, and government bodies are increasingly concerned about product safety and quality as a result of such product issues. This circumstance is intended to defend the need for TIC and lead to the growth of the TIC market in the Life Sciences business sector.Furthermore, due to advancements in digital technologies and wireless communications, the aerospace industry has experienced tremendous increase in recent years. This motivates aircraft/spacecraft researchers to make advanced aerospace products with improved safety and quality concerns, increasing the need for TIC. Furthermore, pharma/biopharma and medical equipment manufacturers are motivating regimes to form public-private joint ventures with them, allowing the manufacturers to support the technological development, offer better solutions in life sciences, and widen their production globally. For example, in August 2018, GE Healthcare, in collaboration with the Swedish government, opened an innovation centre to promote the industrialization of innovative technologies and improve manufacturing capabilities in life sciences, thereby facilitating the adoption of innovative product lines in the life sciences industry. However, over the forecast period of 2021-2027, high costs of production will stymie market growth.Also, increased regulations for conducting in-house tests make them more expensive. As a result, the availability for outsourcing methods in the aerospace and life sciences TIC market is increasing, as outsourcing provides cost-effective evaluation.

North America held the significant share in the global aerospace and life sciences TIC market, preceded by Asia Pacific and Europe. Features such as the government's strong support for the aviation industry's development, a growth in the proportion of aviation flight attendants, increased initiatives to support research activities and expand networking opportunities, an increase in the number of Small And Medium Enterprises (SME) in the aerospace industry, rising funds/investments in biological sciences, expanding partnership programmes, rapid urbanization and enhanced regulatory systems are projected to fuel market expansion in this area.

Major market player included in this report are:
SGS
Bureau Veritas
Intertek
TUV NORD
TUV SUD
Eurofins Scientific
TUV Rheinland
Applus+
Element Materials Technology
DNV GL

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
BySourcing type:
In-house services
Outsourced services
ByService type:
Testing
Inspection
Certifications
Others
By Application:
Medical and Life Sciences
Aerospace

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Aerospace and life sciences TIC Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
  1.2.1. Aerospace and life sciences TIC Market, by Region, 2019-2027 (USD Billion)
  1.2.2. Aerospace and life sciences TIC Market, by Sourcing,2019-2027 (USD Billion)
  1.2.3. Aerospace and life sciences TIC Market, by Service type,2019-2027 (USD Billion)
  1.2.4. Aerospace and life sciences TIC Market, by Application ,2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL AEROSPACE AND LIFE SCIENCES TIC MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL AEROSPACE AND LIFE SCIENCES TIC MARKET DYNAMICS

3.1. Aerospace and life sciences TIC Market Impact Analysis (2019-2027)
  3.1.1. Market Drivers
    3.1.1.1. Product quality and safety
    3.1.1.2. Advancement in technology
  3.1.2. Market Challenges
    3.1.2.1. High cost of production
  3.1.3. Market Opportunities
    3.1.3.1. Increasing regulation

CHAPTER 4. GLOBAL AEROSPACE AND LIFE SCIENCES TIC MARKETINDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL AEROSPACE AND LIFE SCIENCES TIC MARKET, BY SOURCING

5.1. Market Snapshot
5.2. Global Aerospace and life sciences TIC Market by Sourcing, Performance - Potential Analysis
5.3. Global Aerospace and life sciences TIC Market Estimates & Forecasts by Sourcing2018-2027 (USD Billion)
5.4. Aerospace and life sciences TIC Market, Sub Segment Analysis
  5.4.1. Outsourced services
  5.4.2. In-houseservices

CHAPTER 6. GLOBAL AEROSPACE AND LIFE SCIENCES TIC MARKET, BYSERVICE TYPE

6.1. Market Snapshot
6.2. Global Aerospace and life sciences TIC Market by Service type, Performance - Potential Analysis
6.3. Global Aerospace and life sciences TIC Market Estimates & Forecasts by Service type2018-2027 (USD Billion)
6.4. Aerospace and life sciences TIC Market, Sub Segment Analysis
  6.4.1. Testing
  6.4.2. Inspection
  6.4.3. Certification
  6.4.4. Others

CHAPTER 7. GLOBAL AEROSPACE AND LIFE SCIENCES TIC MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Aerospace and life sciences TIC Market by Application, Performance - Potential Analysis
7.3. Global Aerospace and life sciences TIC Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.4. Aerospace and life sciences TIC Market, Sub Segment Analysis
  7.4.1. Medical and Life sciences
  7.4.2. Aerospace

CHAPTER 8. GLOBAL AEROSPACE AND LIFE SCIENCES TIC MARKET, REGIONAL ANALYSIS

8.1. Aerospace and life sciences TIC Market, Regional Market Snapshot
8.2. North America Aerospace and life sciences TIC Market
  8.2.1. U.S.Aerospace and life sciences TIC Market
    8.2.1.1. Sourcingbreakdown estimates & forecasts, 2018-2027
    8.2.1.2. Service typebreakdown estimates & forecasts, 2018-2027
    8.2.1.3. Application breakdown estimates & forecasts, 2018-2027
  8.2.2. CanadaAerospace and life sciences TIC Market
8.3. Europe Aerospace and life sciences TIC Market Snapshot
  8.3.1. U.K. Aerospace and life sciences TIC Market
  8.3.2. Germany Aerospace and life sciences TIC Market
  8.3.3. France Aerospace and life sciences TIC Market
  8.3.4. Spain Aerospace and life sciences TIC Market
  8.3.5. Italy Aerospace and life sciences TIC Market
  8.3.6. Rest of EuropeAerospace and life sciences TIC Market
8.4. Asia-PacificAerospace and life sciences TIC Market Snapshot
  8.4.1. China Aerospace and life sciences TIC Market
  8.4.2. India Aerospace and life sciences TIC Market
  8.4.3. JapanAerospace and life sciences TIC Market
  8.4.4. Australia Aerospace and life sciences TIC Market
  8.4.5. South Korea Aerospace and life sciences TIC Market
  8.4.6. Rest of Asia PacificAerospace and life sciences TIC Market
8.5. Latin America Aerospace and life sciences TIC Market Snapshot
  8.5.1. Brazil Aerospace and life sciences TIC Market
  8.5.2. Mexico Aerospace and life sciences TIC Market
8.6. Rest of The World Aerospace and life sciences TIC Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Top Market Strategies
9.2. Company Profiles
  9.2.1. SGS
    9.2.1.1. Key Information
    9.2.1.2. Overview
    9.2.1.3. Financial (Subject to Data Availability)
    9.2.1.4. Product Summary
    9.2.1.5. Recent Developments
  9.2.2. Bureau Veritas
  9.2.3. Intertek
  9.2.4. TUV NORD
  9.2.5. TUV SUD
  9.2.6. Eurofins Scientific
  9.2.7. TUV Reinland
  9.2.8. Applus+
  9.2.9. Element material technology
  9.2.10. DNV GL

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Aerospace and life sciences TIC market, report scope
TABLE 2. Global Aerospace and life sciences TIC market estimates & forecasts by Region 2018-2027 (USDBillion)
TABLE 3. Global Aerospace and life sciences TIC market estimates & forecasts bySourcing2018-2027 (USDBillion)
TABLE 4. Global Aerospace and life sciences TIC market estimates & forecasts byService type2018-2027 (USDBillion)
TABLE 5. Global Aerospace and life sciences TIC market estimates & forecasts by Application 2018-2027 (USDBillion)
TABLE 6. Global Aerospace and life sciences TIC market by segment, estimates & forecasts, 2018-2027 (USDBillion)
TABLE 7. Global Aerospace and life sciences TIC market by region, estimates & forecasts, 2018-2027 (USDBillion)
TABLE 8. Global Aerospace and life sciences TIC market by segment, estimates & forecasts, 2018-2027 (USDBillion)
TABLE 9. Global Aerospace and life sciences TIC market by region, estimates & forecasts, 2018-2027 (USDBillion)
TABLE 10. Global Aerospace and life sciences TIC market by segment, estimates & forecasts, 2018-2027 (USDBillion)
TABLE 11. Global Aerospace and life sciences TIC market by region, estimates & forecasts, 2018-2027 (USDBillion)
TABLE 12. Global Aerospace and life sciences TIC market by segment, estimates & forecasts, 2018-2027 (USDBillion)
TABLE 13. Global Aerospace and life sciences TIC market by region, estimates & forecasts, 2018-2027 (USDBillion)
TABLE 14. Global Aerospace and life sciences TIC market by segment, estimates & forecasts, 2018-2027 (USDBillion)
TABLE 15. Global Aerospace and life sciences TIC market by region, estimates & forecasts, 2018-2027 (USDBillion)
TABLE 16. U.S. Aerospace and life sciences TIC market estimates & forecasts, 2018-2027 (USDBillion)
TABLE 17. U.S. Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 18. U.S. Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 19. Canada Aerospace and life sciences TIC market estimates & forecasts, 2018-2027 (USDBillion)
TABLE 20. Canada Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 21. Canada Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 22. UKAerospace and life sciences TIC market estimates & forecasts, 2018-2027 (USDBillion)
TABLE 23. UKAerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 24. UKAerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 25. Germany Aerospace and life sciences TIC market estimates & forecasts, 2018-2027 (USDBillion)
TABLE 26. Germany Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 27. Germany Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 28. RoEAerospace and life sciences TIC market estimates & forecasts, 2018-2027 (USDBillion)
TABLE 29. RoEAerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 30. RoEAerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 31. China Aerospace and life sciences TIC market estimates & forecasts, 2018-2027 (USDBillion)
TABLE 32. China Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 33. China Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 34. India Aerospace and life sciences TIC market estimates & forecasts, 2018-2027 (USDBillion)
TABLE 35. India Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 36. India Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 37. Japan Aerospace and life sciences TIC market estimates & forecasts, 2018-2027 (USDBillion)
TABLE 38. Japan Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 39. Japan Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 40. RoAPACAerospace and life sciences TIC market estimates & forecasts, 2018-2027 (USDBillion)
TABLE 41. RoAPACAerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 42. RoAPACAerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 43. Brazil Aerospace and life sciences TIC market estimates & forecasts, 2018-2027 (USDBillion)
TABLE 44. Brazil Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 45. Brazil Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 46. Mexico Aerospace and life sciences TIC market estimates & forecasts, 2018-2027 (USDBillion)
TABLE 47. Mexico Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 48. Mexico Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 49. RoLAAerospace and life sciences TIC market estimates & forecasts, 2018-2027 (USDBillion)
TABLE 50. RoLAAerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 51. RoLAAerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 52. Row Aerospace and life sciences TIC market estimates & forecasts, 2018-2027 (USDBillion)
TABLE 53. Row Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 54. Row Aerospace and life sciences TIC market estimates & forecasts by segment 2018-2027 (USDBillion)
TABLE 55. List of secondary sources, used in the study of global Aerospace and life sciences TIC market
TABLE 56. List of primary sources, used in the study of global Aerospace and life sciences TIC market
TABLE 57. Years considered for the study
TABLE 58. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Aerospace and life sciences TIC market, research methodology
FIG 2. Global Aerospace and life sciences TIC market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Aerospace and life sciences TIC market, key trends 2020
FIG 5. Global Aerospace and life sciences TIC market, growth prospects 2021-2027
FIG 6. Global Aerospace and life sciences TIC market, porters 5 force model
FIG 7. Global Aerospace and life sciences TIC market, pest analysis
FIG 8. Global Aerospace and life sciences TIC market, value chain analysis
FIG 9. Global Aerospace and life sciences TIC market by segment, 2018& 2027 (USDBillion)
FIG 10. Global Aerospace and life sciences TIC market by segment, 2018& 2027 (USDBillion)
FIG 11. Global Aerospace and life sciences TIC market by segment, 2018& 2027 (USDBillion)
FIG 12. Global Aerospace and life sciences TIC market by segment, 2018& 2027 (USDBillion)
FIG 13. Global Aerospace and life sciences TIC market by segment, 2018& 2027 (USDBillion)
FIG 14. Global Aerospace and life sciences TIC market, regional snapshot 2018& 2027
FIG 15. North America Aerospace and life sciences TIC market2018& 2027 (USDBillion)
FIG 16. Europe Aerospace and life sciences TIC market2018& 2027 (USDBillion)
FIG 17. Asia pacific Aerospace and life sciences TIC market2018& 2027 (USDBillion)
FIG 18. Latin America Aerospace and life sciences TIC market2018& 2027 (USDBillion)
FIG 19. Global Aerospace and life sciences TIC market, company market share analysis (2020)


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