Market Overview:
The global aerospace and life sciences testing, inspection, and certification market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for aircrafts and rising number of air passengers across the globe. Additionally, the increasing demand for medical devices and pharmaceutical products is also propelling the growth of this market. However, stringent regulatory norms are restraining the growth of this market. The global aerospace and life sciences testing, inspection, and certification market can be segmented on the basis of type into in-house testing, outsourced testing, and aerospace & life sciences testing & inspection services. The in-house segment is projected to grow at a higher CAGR during the forecast period as compared to other segments owing to its low cost as well as easy availability of resources such as skilled manpower and infrastructure facilities required for conducting these tests internally within an organization or company premises. On basis application ,the medical device segment accounted for majority share in 2017and it is projectedto maintain its dominance duringthe forecast period .
Product Definition:
Aerospace and life sciences testing, inspection, and certification is the process of ensuring that a product or material meets specific safety or regulatory requirements. This process can include everything from verifying that a component meets design specifications to confirming that a product is free of contaminants. The importance of aerospace and life sciences testing, inspection, and certification can vary depending on the application but in many cases it is critical for ensuring public safety.
In-House:
In-house refers to the process of conducting tests, inspections, and certification (TIC) within the organization itself. It does not refer to shipping laboratory samples to an independent testing laboratory. In-house testing is a critical component of quality management in both manufacturing and service industries. The aerospace industry has been using TIC techniques for decades; however, life sciences companies are just now beginning to scratch their heads as to why they have not considered it earlier.
Outsourced:
Outsourcing is the process where a company or organization submits their services to another company for a fee. In many cases, companies outsource their manufacturing processes and/or services to reduce the cost of production and improve quality. Outsourcing has been an important part of business strategy since the 1980s when IBM first started outsourcing its computer hardware operations to other manufacturers such as Tandy Corporation and Austin Company.
Application Insights:
Aerospace and life sciences testing, inspection, and certification services are provided for various aircraft components including engines, airframes, hydraulic systems, electronics bay safety interiors and exteriors as well as cabin safety. The application segment includes aerospace component testing & inspection services. Outsourced service providers are used for the aforementioned tasks on a regular basis in order to maintain high product quality in aerospace industry.
The medical & life sciences segment is anticipated to witness significant growth over the forecast period owing to rising demand from pharmaceutical companies for drug development along with an increase in government funding towards medical research activities at universities and institutes across the globe.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of a large number of aircraft manufacturers and service providers. The region is expected to maintain its dominance over the forecast period due to increasing outsourcing activities in life sciences testing, inspection, and certification. Asia Pacific is projected to grow at a lucrative CAGR during the forecast period owing to rapid industrialization coupled with government support for innovation & technology development. Moreover, rising demand for pharmaceuticals as well as medical devices has been driving growth across this region.
The European aerospace industry is one of its kind around the world that has successfully transformed itself from an analog environment into a digital one by implementing all kinds of technologies including big data analytics and advanced software programs across all departments including maintenance, operations management, engineering design & simulation tools etc., which are responsible for producing aircraft parts as well as systems components or sub-assemblies or entire aircraft bodies etc.
Growth Factors:
- Increasing demand for aircraft and spacecraft
- Growing number of air passengers and freight traffic
- Proliferation of new technologies in aerospace and life sciences industry
- Stringent safety regulations for aircraft and spacecraft operations
- Rising demand for quality testing, inspection, and certification services
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace and Life Sciences Testing, Inspection, and Certification Market Research Report
By Type
In-House, Outsourced, Aerospace and Life Sciences Testing, Inspection, and Certificatio
By Application
Aerospace, Medical & Life Sciences
By Companies
SGS Group, Bureau Veritas, Dekra Certification, Intertek, TUV SUD, Eurofins Scientific, DNV GL, TUV Rheinland, UL LLC, ALS Limited, TUV Nord Group, Mistras Group, SAI Global, BSI Group, Exova Group, Applus+, Avomeen Analytical Services, Envigo, Medistri, Aptar Pharma (Gateway Analytical), Kiwa Inspecta, Aerospace and Life Sciences Testing, Inspection, and Certificatio
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace and Life Sciences Testing, Inspection, and Certification Market Report Segments:
The global Aerospace and Life Sciences Testing, Inspection, and Certification market is segmented on the basis of:
Types
In-House, Outsourced, Aerospace and Life Sciences Testing, Inspection, and Certificatio
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
Aerospace, Medical & Life Sciences
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:
- SGS Group
- Bureau Veritas
- Dekra Certification
- Intertek
- TUV SUD
- Eurofins Scientific
- DNV GL
- TUV Rheinland
- UL LLC
- ALS Limited
- TUV Nord Group
- Mistras Group
- SAI Global
- BSI Group
- Exova Group
- Applus+
- Avomeen Analytical Services
- Envigo
- Medistri
- Aptar Pharma (Gateway Analytical)
- Kiwa Inspecta
- Aerospace and Life Sciences Testing, Inspection, and Certificatio
Highlights of The Aerospace and Life Sciences Testing, Inspection, and Certification 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:
- In-House
- Outsourced
- Aerospace and Life Sciences Testing, Inspection, and Certificatio
- By Application:
- Aerospace
- Medical & Life Sciences
- 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 Sciences Testing, Inspection, and Certification 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.
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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 sciences testing, inspection, and certification is a process that ensures the safety of products used in aviation and other high-risk industries.
Some of the key players operating in the aerospace and life sciences testing, inspection, and certification market are SGS Group, Bureau Veritas, Dekra Certification, Intertek, TUV SUD, Eurofins Scientific, DNV GL, TUV Rheinland, UL LLC, ALS Limited, TUV Nord Group, Mistras Group, SAI Global, BSI Group, Exova Group, Applus+, Avomeen Analytical Services, Envigo, Medistri, Aptar Pharma (Gateway Analytical), Kiwa Inspecta, Aerospace and Life Sciences Testing, Inspection, and Certificatio.
The aerospace and life sciences testing, inspection, and certification market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aerospace and Life Sciences Testing, Inspection, and Certification Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aerospace and Life Sciences Testing, Inspection, and Certification Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aerospace and Life Sciences Testing, Inspection, and Certification Market - Supply Chain
4.5. Global Aerospace and Life Sciences Testing, Inspection, and Certification Market Forecast
4.5.1. Aerospace and Life Sciences Testing, Inspection, and Certification Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aerospace and Life Sciences Testing, Inspection, and Certification Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aerospace and Life Sciences Testing, Inspection, and Certification Market Absolute $ Opportunity
5. Global Aerospace and Life Sciences Testing, Inspection, and Certification Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Type
5.3.1. In-House
5.3.2. Outsourced
5.3.3. Aerospace and Life Sciences Testing, Inspection, and Certificatio
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aerospace and Life Sciences Testing, Inspection, and Certification Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Medical & Life Sciences
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Aerospace and Life Sciences Testing, Inspection, and Certification Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Aerospace and Life Sciences Testing, Inspection, and Certification Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Aerospace and Life Sciences Testing, Inspection, and Certification Demand Share Forecast, 2019-2026
9. North America Aerospace and Life Sciences Testing, Inspection, and Certification Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Medical & Life Sciences
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Type
9.7.1. In-House
9.7.2. Outsourced
9.7.3. Aerospace and Life Sciences Testing, Inspection, and Certificatio
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Aerospace and Life Sciences Testing, Inspection, and Certification Demand Share Forecast, 2019-2026
10. Latin America Aerospace and Life Sciences Testing, Inspection, and Certification Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Medical & Life Sciences
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Type
10.7.1. In-House
10.7.2. Outsourced
10.7.3. Aerospace and Life Sciences Testing, Inspection, and Certificatio
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Aerospace and Life Sciences Testing, Inspection, and Certification Demand Share Forecast, 2019-2026
11. Europe Aerospace and Life Sciences Testing, Inspection, and Certification Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Medical & Life Sciences
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Type
11.7.1. In-House
11.7.2. Outsourced
11.7.3. Aerospace and Life Sciences Testing, Inspection, and Certificatio
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Aerospace and Life Sciences Testing, Inspection, and Certification Demand Share, 2019-2026
12. Asia Pacific Aerospace and Life Sciences Testing, Inspection, and Certification Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Medical & Life Sciences
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Type
12.7.1. In-House
12.7.2. Outsourced
12.7.3. Aerospace and Life Sciences Testing, Inspection, and Certificatio
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Aerospace and Life Sciences Testing, Inspection, and Certification Demand Share, 2019-2026
13. Middle East & Africa Aerospace and Life Sciences Testing, Inspection, and Certification Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Medical & Life Sciences
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Aerospace and Life Sciences Testing, Inspection, and Certification Market Size and Volume Forecast by Type
13.7.1. In-House
13.7.2. Outsourced
13.7.3. Aerospace and Life Sciences Testing, Inspection, and Certificatio
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Aerospace and Life Sciences Testing, Inspection, and Certification Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Aerospace and Life Sciences Testing, Inspection, and Certification Market: Market Share Analysis
14.2. Aerospace and Life Sciences Testing, Inspection, and Certification Distributors and Customers
14.3. Aerospace and Life Sciences Testing, Inspection, and Certification Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SGS Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bureau Veritas
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dekra Certification
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Intertek
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TUV SUD
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Eurofins Scientific
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DNV GL
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TUV Rheinland
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. UL LLC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ALS Limited
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TUV Nord Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mistras Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. SAI Global
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. BSI Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Exova Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Applus+
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Avomeen Analytical Services
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Envigo
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Medistri
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Aptar Pharma (Gateway Analytical)
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
