Aerospace and Life Sciences TIC Market
Aerospace and Life Sciences TIC Market - Global Industry Assessment & Forecast
Segments Covered
- By Sourcing Type In-house services, Outsourced services
- By Service Type Testing, Inspection, Certification, Others
- By Application Medical and Life Sciences, Aerospace, Aerospace and life sciences
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 32122.03 Million |
Revenue 2030: | USD 41327.64 Million |
Revenue CAGR (2023 - 2030): | 3.20% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Aerospace and Life Sciences TIC Market by Sourcing Type by Service Type by Application - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
At the later stage, the primary research is conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- Overall Aerospace and Life Sciences TIC market size and regional/segmental trends
- Company market share and competitive scenario
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Aerospace and Life Sciences TIC market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market.
FAQ
Frequently Asked Question
What is the global demand for Aerospace and Life Sciences TIC in terms of revenue?
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The global Aerospace and Life Sciences TIC valued at USD 32122.03 Million in 2022 and is expected to reach USD 41327.64 Million in 2030 growing at a CAGR of 3.20%.
Which are the prominent players in the market?
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The prominent players in the market are SGS (Switzerland), Bureau Veritas (France), Intertek (UK), TÃœV NORD (Germany), TÃœV SUD (Germany), Eurofins Scientific (Luxembourg), TÃœV Rheinland (Germany), Applus+ (Spain), Element Material Technology (UK), DNV GL (Norway), UL (US), ALS Ltd. (Australia) and MISTRAS (US).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 3.20% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Aerospace and Life Sciences TIC include
- rising adoption of advanced technologies in the aerospace and life sciences
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Aerospace and Life Sciences TIC in 2022.