Jan 1, 2020   SOURCE: BusinessWire

Global Aerospace & Life Sciences Testing, Inspection, and Certification Market Analysis, Trends, and Forecasts 2019-2025 - ResearchAndMarkets.com

The "Aerospace & Life Sciences Testing, Inspection, and Certification - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

The Aerospace & Life Sciences Testing, Inspection, and Certification market worldwide is projected to grow by US$14 Billion, driven by a compounded growth of 5.5%.

Testing, one of the segments analyzed and sized in this study, displays the potential to grow at over 5.9%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$18.6 Billion by the year 2025, Testing will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 6.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$697.8 Million to the region's size and clout in the next 5 to 6 years. Over US$647.3 Million worth of projected demand in the region will come from the rest of the European markets. In Japan, Testing will reach a market size of US$1.6 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 5.1% over the next couple of years and add approximately US$2.3 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

  • ALS Ltd.
  • Applus+ Group
  • Avomeen Analytical Services
  • Bureau Veritas Group
  • DNV GL Group
  • Element Materials Technology
  • Element Materials Technology Group Limited
  • Envigo, Inc.
  • Eurofins Scientific
  • Gateway Analytical LLC.
  • Intertek Group PLC
  • Medistri SA
  • MISTRAS Group, Inc.
  • SGS SA
  • Tuv Nord Group
  • TUV Rheinland AG
  • Tuv Sud AG
  • UL LLC

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Testing, Inspection and Certification (TIC): A Prelude
  • Bright Prospects Ahead for TIC in Aerospace & Life Sciences Sectors
  • Global Competitor Market Shares
  • Aerospace & Life Sciences Testing, Inspection, and Certification Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Aerospace TIC: A High Growth Segment
  • Aerospace Testing Constitutes a Major Revenue Generator
  • NDT Makes Big Gains
  • Inspection Remains Extremely Important for Aerospace Parts
  • Automated Technologies Come to Fore Offering Best-in-Class Inspection Capabilities
  • Uptrend in Aircraft Parts Manufacturing Sustains Momentum in Aerospace TIC Domain
  • Emphasis on Traceability Amid Growing Concerns over Counterfeit Parts Gives Impetus to Aerospace TIC
  • Launch of New Aerospace Testing Facilities to Augment Revenue Expansion: A Review of Select Recently Launched Aerospace Testing Units Worldwide
  • Element Materials Technology Opens New Aerospace Testing Facility in Piedmont, South Carolina
  • Hexcel Launches Joint Venture Aircraft Composites Testing Lab in Shanghai
  • DuPont Inaugurates New Aerospace Technology Center in Ohio with Advanced Testing Capabilities
  • Honeywell Inaugurates New Aerospace Testing Laboratory in Puerto Rico
  • Polonia Aero Commences Advanced Cold Flow Turbine Testing Laboratory
  • Exova Commences New Flagship Aerospace Testing Laboratory in Toulouse
  • Increased Spending on Commercial & Military Aircraft Creates Robust Business Case for Aerospace TIC
  • Global Commercial Aircraft Fleet Size (in Units) by Aircraft Type for the Years 2019 & 2029
  • Annual Worldwide Private Jet Deliveries for Years 2019 through 2029
  • Life Sciences TIC Continues to Exhibit Robust Expansion
  • Comprehensive Inspection Strategies Ensure Integrity and Safety of Life Science Facilities
  • Regulatory Emphasis Makes Life Sciences TIC More Important Than Ever Before
  • Compliance Modernization Requirements Create Robust Opportunities
  • Medical Device Regulations Accentuate the Demand for Life Science TIC

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

  • Market Facts & Figures
  • US Aerospace & Life Sciences Testing, Inspection, and Certification Market Share (in %) by Company: 2019 & 2025

CANADA

JAPAN

CHINA

EUROPE

  • Market Facts & Figures
  • European Aerospace & Life Sciences Testing, Inspection, and Certification Market: Competitor Market Share Scenario (in %) for 2019 & 2025

FRANCE

GERMANY

ITALY

UNITED KINGDOM

REST OF EUROPE

ASIA-PACIFIC

REST OF WORLD

IV. COMPETITION

V. CURATED RESEARCH

For more information about this report visit https://www.researchandmarkets.com/r/eay9gk