Aerospace & Life Sciences TIC Market

1. Aerospace & Life Sciences TIC Market is expected to grow from USD 28.56 Billion in 2016 to USD 43.10 Billion by 2024, at a CAGR of 5.28% between 2017 and 2024. (Detailed analysis of the market CAGR is provided in the report). Aerospace & Life Science TIC Market Increasing incidents of product recall globally, enforcement of stringent government regulations and standards across various sectors, growing consumption of goods in emerging countries, and surge in global counterfeiting and piracy activities are the major factors driving the growth of aerospace and life sciences TIC market. However, different standards and regulations across geographies is the key factor restraining the market growth. Further key findings from the report: • From the sourcing type segment, aerospace & life sciences TIC market for outsourced sourcing type held the largest share of a market in 2016. Increased regulations to conduct in-house tests, make it costly to conduct in-house tests. Therefore demand for outsourcing methods in aerospace and life sciences TIC market is increased, as the outsourcing method offers cost-effective testing • Testing services accounted for the largest share of aerospace & life sciences TIC market in 2016 owing to increasing demand for good-quality and standard products across various industries. It is necessary to ensure that the products have met the quality, performance, and safety related standards in order to increase the marketability of the products • The aerospace & life sciences TIC market for medical & life sciences application accounted for the largest share in 2016. This can be attributed to increasingly stringent standards and regulations in medical & life sciences application. Applications in medical & life sciences such as clinical services, biopharmaceutical, and pharmaceutical services, and laboratory services are required to meet the highest levels of safety and reliability for the safety of consumers, this further drives the growth of medical and life sciences application • North America held the largest share of the overall aerospace & life sciences TIC market in 2016. This can be attributed to increased demand from export-oriented developed economies and the high quality and standard of medical devices from this region. Additionally, clinical services, laboratory services, and medical services have increased demand for aerospace & life sciences TIC services, further contributing to the growth of a market • Among geographical regions, APAC is anticipated to grow at the highest CAGR during the forecast period owing to increased demand for testing, inspection, and certification of medical devices and clinical research services in this region Key Highlights: • Analysis of competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Aerospace & Life Sciences TIC Market

2. • The objective of the report is to provide a detailed analysis of the Aerospace & Life Sciences TIC Market on the basis of service type, sourcing type, application, and geography • Complete quantitative analysis of the industry from 2017 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities • In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain • Analysis of the Aerospace & Life Sciences TIC Market with respect to individual growth trends, prospects, and contribution to the total market • Segment wise business performance detailed in a report will be worthwhile for the organizations willing to enhance its business • Provides detailed information regarding the major factors influencing the growth of the Aerospace & Life Sciences TIC Market (drivers, restraints, opportunities, and challenges) • This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business Years that have been considered for the study are as follows: • Base Year – 2016 • Estimated Year – 2017 • Forecast Period – 2017 to 2024 For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered Research Methodology Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Aerospace & Life Sciences TIC Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Aerospace & Life Sciences TIC Market globally. Key Players in the Aerospace & Life Sciences TIC Market Are: • SGS

3. • Intertek • Bureau Veritas • TUV SUD • Eurofins Scientific • TUV Rheinland • DNV GL • Applus+ • ALS Limited • Mistras • TUV Nord • Element Materials Technology • UL • Gateway Analytical • Avomeen Analytical Services • Element Material Technology (Exova) • Envigo • Medistri This Report Is Submitted By @Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Lumawant Godage Organization: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: sales@maximizemarketresearch.com Address:Omkar Heights, Sinhagad Road, Manik Baug, Vadgaon Bk,Pune, Maharashtra 411051, India.

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