Market Overview:
The global aerospace and life science TIC market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for quality products and services in the life sciences, biopharma/pharmaceuticals, and medical devices industries. In addition, the increasing demand for aviation management services is also contributing to the growth of this market. North America dominates this market followed by Europe and Asia Pacific.
Product Definition:
Aerospace and life science TIC refers to the technology, information, and communication that is used in the aerospace and life science industries. This term is important because it helps to identify the specific needs of these industries when it comes to technology and communication.
Testing:
Testing is a process to evaluate and validate the quality of products or services. It plays an important role in almost all industries including aerospace & defense, healthcare, IT and telecom, BFSI among others. Testing helps reduce production cost by reducing time & efforts in finding out defects in the product which reduces further wastage as well as avoids rework after replacement/repair.
Inspection:
Inspection is a process to evaluate, detect and monitor the condition of an object under study. It can be used for routine as well as non-routine inspection. In aerospace & life science technology industries, it is used in manufacturing processes such as component assembly, product testing and quality control to ensure that products meet required standards before being delivered to consumers or put into service.
The global inspection.
Application Insights:
The aerospace manufacturing services segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in demand for aircraft as well as helicopters from several governments around the world. In addition, favorable government policies regarding investments by companies such as Airbus are expected to drive industry growth over the coming years.
The clinical & laboratory services segment is also anticipated to witness significant growth during the forecast period owing to an increase in demand for advanced medical care along with rising spending on healthcare globally. Furthermore, increasing R&D activities pertaining to new drug development coupled with technological advancements are further likelyto boost industry size during this timeframe.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing investments by major aerospace and life science companies for manufacturing high-quality parts on a large scale. Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 due to rapid industrialization, improving infrastructure facilities, and rising demand for aviation services across emerging economies such as China and India. In addition, growing medical tourism in these countries can also be attributed for this growth.
Growth Factors:
- Increasing demand for air travel: The global air travel industry is expected to grow at a CAGR of 5.8% from 2016 to 2021, reaching a total value of 9.8 billion by 2021. This growth will be driven by the increasing number of passengers and the rise in disposable income in emerging markets.
- Growing demand for new aircraft: Airlines are increasingly ordering new aircraft as they look to upgrade their fleets and improve fuel efficiency and passenger comfort levels. The global commercial aircraft market is expected to grow at a CAGR of 6% from 2016-2021, reaching a total value of trillion by 2021.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace and Life Science TIC Market Research Report
By Type
Testing, Inspection, Certification
By Application
Life sciences, Biopharma/Pharmaceutical & Medical Devices Services, Clinical & Laboratory Services, Aerospace Manufacturing Services, Aviation Management Services, Others
By Companies
Eurofin Scientific, SGS SA, Intertek Group, Mistras Group, ALS Limited, Applus, DNV GL, Bureau Veritas, TUV Nord, TUV SUD
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace and Life Science TIC Market Report Segments:
The global Aerospace and Life Science TIC market is segmented on the basis of:
Types
Testing, Inspection, Certification
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Life sciences, Biopharma/Pharmaceutical & Medical Devices Services, Clinical & Laboratory Services, Aerospace Manufacturing Services, Aviation Management Services, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eurofin Scientific
- SGS SA
- Intertek Group
- Mistras Group
- ALS Limited
- Applus
- DNV GL
- Bureau Veritas
- TUV Nord
- TUV SUD
Highlights of The Aerospace and Life Science TIC Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Testing
- Inspection
- Certification
- By Application:
- Life sciences
- Biopharma/Pharmaceutical & Medical Devices Services
- Clinical & Laboratory Services
- Aerospace Manufacturing Services
- Aviation Management Services
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aerospace and Life Science TIC Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aerospace and Life Science TIC is a category of Trade Information Centers (TICs) that provide trade information and assistance to the aerospace, defense, energy, environmental technology, medical technology, pharmaceuticals/biotech products and other life sciences industries.
Some of the key players operating in the aerospace and life science tic market are Eurofin Scientific, SGS SA, Intertek Group, Mistras Group, ALS Limited, Applus, DNV GL, Bureau Veritas, TUV Nord, TUV SUD.
The aerospace and life science tic market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace and Life Science TIC Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aerospace and Life Science TIC Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aerospace and Life Science TIC Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aerospace and Life Science TIC Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aerospace and Life Science TIC Market Size & Forecast, 2018-2028
4.5.1 Aerospace and Life Science TIC Market Size and Y-o-Y Growth
4.5.2 Aerospace and Life Science TIC Market Absolute $ Opportunity
Chapter 5 Global Aerospace and Life Science TIC Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aerospace and Life Science TIC Market Size Forecast by Type
5.2.1 Testing
5.2.2 Inspection
5.2.3 Certification
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aerospace and Life Science TIC Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aerospace and Life Science TIC Market Size Forecast by Applications
6.2.1 Life sciences
6.2.2 Biopharma/Pharmaceutical & Medical Devices Services
6.2.3 Clinical & Laboratory Services
6.2.4 Aerospace Manufacturing Services
6.2.5 Aviation Management Services
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aerospace and Life Science TIC Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aerospace and Life Science TIC Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aerospace and Life Science TIC Analysis and Forecast
9.1 Introduction
9.2 North America Aerospace and Life Science TIC Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aerospace and Life Science TIC Market Size Forecast by Type
9.6.1 Testing
9.6.2 Inspection
9.6.3 Certification
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aerospace and Life Science TIC Market Size Forecast by Applications
9.10.1 Life sciences
9.10.2 Biopharma/Pharmaceutical & Medical Devices Services
9.10.3 Clinical & Laboratory Services
9.10.4 Aerospace Manufacturing Services
9.10.5 Aviation Management Services
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aerospace and Life Science TIC Analysis and Forecast
10.1 Introduction
10.2 Europe Aerospace and Life Science TIC Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aerospace and Life Science TIC Market Size Forecast by Type
10.6.1 Testing
10.6.2 Inspection
10.6.3 Certification
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aerospace and Life Science TIC Market Size Forecast by Applications
10.10.1 Life sciences
10.10.2 Biopharma/Pharmaceutical & Medical Devices Services
10.10.3 Clinical & Laboratory Services
10.10.4 Aerospace Manufacturing Services
10.10.5 Aviation Management Services
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aerospace and Life Science TIC Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aerospace and Life Science TIC Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aerospace and Life Science TIC Market Size Forecast by Type
11.6.1 Testing
11.6.2 Inspection
11.6.3 Certification
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aerospace and Life Science TIC Market Size Forecast by Applications
11.10.1 Life sciences
11.10.2 Biopharma/Pharmaceutical & Medical Devices Services
11.10.3 Clinical & Laboratory Services
11.10.4 Aerospace Manufacturing Services
11.10.5 Aviation Management Services
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aerospace and Life Science TIC Analysis and Forecast
12.1 Introduction
12.2 Latin America Aerospace and Life Science TIC Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aerospace and Life Science TIC Market Size Forecast by Type
12.6.1 Testing
12.6.2 Inspection
12.6.3 Certification
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aerospace and Life Science TIC Market Size Forecast by Applications
12.10.1 Life sciences
12.10.2 Biopharma/Pharmaceutical & Medical Devices Services
12.10.3 Clinical & Laboratory Services
12.10.4 Aerospace Manufacturing Services
12.10.5 Aviation Management Services
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aerospace and Life Science TIC Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aerospace and Life Science TIC Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aerospace and Life Science TIC Market Size Forecast by Type
13.6.1 Testing
13.6.2 Inspection
13.6.3 Certification
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aerospace and Life Science TIC Market Size Forecast by Applications
13.10.1 Life sciences
13.10.2 Biopharma/Pharmaceutical & Medical Devices Services
13.10.3 Clinical & Laboratory Services
13.10.4 Aerospace Manufacturing Services
13.10.5 Aviation Management Services
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aerospace and Life Science TIC Market: Competitive Dashboard
14.2 Global Aerospace and Life Science TIC Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eurofin Scientific
14.3.2 SGS SA
14.3.3 Intertek Group
14.3.4 Mistras Group
14.3.5 ALS Limited
14.3.6 Applus
14.3.7 DNV GL
14.3.8 Bureau Veritas
14.3.9 TUV Nord
14.3.10 TUV SUD
