Aerospace & Life Sciences Tic Market Synopsis

This research focuses on the Aerospace & Life Sciences TIC industry which deals with programs and processes of testing, inspection, and certification targeting products and systems used in the aerospace and life sciences industries. In aerospace, examples of TIC services are the precision tests and examinations performed on aircraft compositions, materials, and furthermore systems to recognise airworthy sufficiency and conform to required authority norms. In the TIC services of life science, it refers to the evaluation of medical devices, drugs, and biotechnology related products to determine the safety, effectiveness as well as compliance to healthcare standards. In these sectors, the TIC industry performs an important function of offering credibility through third-party accreditation, which in turn leads to product credibility and safety, minimized risk, ease in market penetration and obtaining approvals.

• It can be said that Aerospace & Life Sciences TIC (Testing, Inspection and Certification) market is a vibrant one, specially in context of increased safety and quality standards and regulations. The TIC market in the aerospace industries is inspired by technology improvement, traffic volume improvement, and better compliance to international safety standards. The major service that fall under this category include structural test services, material and product inspection services, and system certification services all in view of ascertaining the viability and safety of some specimens, parts or systems used in the manufacture of aircrafts and alike. The market has a scope for continuous improvement of aerospace engineering and materials, which in turn creates a constant need for advanced testing and certification thus promoting development of new aircraft designs and technologies.
• Consequently, the market size and its trends of TIC in the life sciences sector are driven by factors that include increasing concern with healthcare quality as well as patient and regulatory safety. This sector involves a wide scope of services and is aimed at conducting testing of various medical and biotechnology products for the purpose of compliance with regulatory requirements as well as safe and effective functioning of the devices and medications. The increasing size of the global health and wellbeing market , along with the faster rate of development in the technologies involved in healthcare sciences stimulates the growth of TIC market. Whenever there is the introduction of new products and technologies, TIC becomes the only antidote that can protect the industries to produce high quality products when it is required to do so due to market challenges hence becoming an important supplement to both the aerospace and the life sciences industries.

Aerospace & Life Sciences Tic Market Trend Analysis

Increasing integration of digital technologies and automation

• Another trend that was identified in the Aerospace and Life sciences TIC market is the shift towards digitization of respective tools and processes. In aerospace, the use of state of art technology to carry out inspection and testing such as drone based inspection, automated optical inspection systems, digital twins is changing the dynamics of the inspection and testing process. These technologies improve precision, decreases the time for inspections, and permits real time examination of aerospace parts and mechanisms.
• Currently, decision making in the life sciences sector is increasingly accompanied by data analysis and the use of digital technologies in healthcare. Hence, more organizations are adopting the application of AI, machine learning for clinical data analysis, testing automation, and meeting regulatory compliance. Moreover, progressive changes such as emphases on ‘personalized medicine’ or considerable uptake of ‘digital health technologies’ means that new and higher TIC services are needed to assess new products for safety and efficacy. Many of the current technologies are extending the TIC industry productivity, precision, and consideration of wide and escalating demands inherent to the industry .

Growing demand for sustainability and eco-friendly solutions

• Another major factor that has been seen in the Aerospace & Life Sciences TIC market is sustainability and green technology is an emerging trend in aerospace & life sciences, which can be a potential scope for TIC service providers. It has been observed that latter part of to first decade of the twenty first century and beyond was going to see a move towards developing aircraft that were less of an emitter of carbon and more environment friendly. TIC services can feature prominently in this process by verifying innovations in materials, technologies and processes that enable aviation to be greener by, for instance, certifying lightweight advanced composites and fuel-efficient systems.
• In the life sciences industry, the shift from a traditional business model to an environmentally friendly operation could be another viable area for TIC providers to venture into since they could offer these services to the industry. This entails evaluating the effects of pharmaceutical production, manufacture of medical equipment’s and biotechnology processes on the environment. This paper has found that sustainable services can give TIC providers a new market niche, increase the appeal of their services’ offering and contribute towards achieving more sustainable practices within the industry.

Aerospace & Life Sciences Tic Market Segment Analysis:

Aerospace & Life Sciences Tic Market Segmented on the basis of type and application.

By Type, Testing segment is expected to dominate the market during the forecast period

• For the Aerospace & Life Sciences TIC market in the forecast year, the Testing segment is expected to have the largest market share because of its importance in safety compliance and quality assurance within the segment’s industries. Like within aerospace industry, testing is critical for ascertaining architecture, function and safety of part or system due to the improvement and development of technology and usage of new materials.
• In the same manner, life science sector requires testing to ensure effectiveness of the medical devices, drugs, and biotechnology solutions. With such basic tendencies as hiering of the regulating demands and the continuously growing popularity of the high-quality and easy to guarantee products, the importance of the Testing segment is stimulated. This segment’s growth is further upheld by the ever-evolving testing technologies and methods that improve on precision and speed, which is the primary facilitator of growth in the TIC market.

By Application, Biopharma/Pharmaceutical & Medical Devices Services segment expected to held the largest share

• The most popular segment, Biopharma/Pharmaceutical and Medical Devices Services, will account for a larger share of Aerospace & Life Sciences TIC because of the significance of the two industries in healthcare and legal scrutiny. The biopharma and the pharmaceutical industries need to put their products, drugs, and biologics for testing and certification because patient health and regulatory demands cannot be overemphasized.
• Likewise, the medical devices sector requires elaborate check and approval procedures to guarantee the safety of its products and to compensate for the increased intricacies of new technologies and novelties. An increase in the rates of chronic diseases, people aged 60 years and above, and enhancement in healthcare technologies compels the need for TIC in these segments. This solid demand is further complemented by the need for adherence to international standards, in which the accurate and efficient TIC solutions guarantee high quality in biopharma and medical devices.

Aerospace & Life Sciences Tic Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The Aerospace & Life Sciences TIC market will be led by Asia Pacific over the forecast period due to the expansion in industrialization, infrastructure development, technological incorporation. A growing aerospace Industry in the region prescribes added TIC services requirement because of safety and regulation compliance with key countries such as China and India.
• Also, due to rising health concerns, increasing manufacturing and usage of life sciences products such as pharmaceuticals and medical devices are also driving TIC services for the assurance of product quality and compliance to regulations. Asia Pacific’s strong economic growth, growing middle class population and large emphasis put by the government in developing technology infrastructure appears to be a favorable region for TIC suppliers to diversify and tap into new geographical niches in the aerospace as well as life sciences industries.

Active Key Players in the Aerospace & Life Sciences Tic Market

• Applus+ (Spain)
• Bureau Veritas (France)
• DNV GL (Norway)
• Eurofins Scientific (Luxembourg)
• Exova (United Kingdom)
• Intechnica (United Kingdom)
• Intertek Group plc (United Kingdom)
• Intertek Moody (United States)
• Kimberly-Clark Professional (United States)
• NSF International (United States)
• Sagentia (United Kingdom)
• SGS SA (Switzerland)
• TÜV Rheinland (Germany)
• TÜV SÜD (Germany)
• UL LLC (United States)
• Other Active Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Aerospace & Life Sciences Tic Market by Type
 4.1 Aerospace & Life Sciences Tic Market Snapshot and Growth Engine
 4.2 Aerospace & Life Sciences Tic Market Overview
 4.3 Grain
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Grain: Geographic Segmentation Analysis
 4.4 Fruits and Vegetables
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Fruits and Vegetables: Geographic Segmentation Analysis
 4.5 Oilseeds
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Oilseeds: Geographic Segmentation Analysis
 4.6 Others
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Others: Geographic Segmentation Analysis

Chapter 5: Aerospace & Life Sciences Tic Market by Application
 5.1 Aerospace & Life Sciences Tic Market Snapshot and Growth Engine
 5.2 Aerospace & Life Sciences Tic Market Overview
 5.3 Indoor Farms and Floriculture
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Indoor Farms and Floriculture: Geographic Segmentation Analysis
 5.4 Outdoor Farms
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Outdoor Farms: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Aerospace & Life Sciences Tic Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 APPLUS+
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 BUREAU VERITAS
 6.4 DNV GL
 6.5 EUROFINS SCIENTIFIC
 6.6 EXOVA
 6.7 INTECHNICA
 6.8 INTERTEK GROUP PLC
 6.9 INTERTEK MOODY
 6.10 KIMBERLY-CLARK PROFESSIONAL
 6.11 NSF INTERNATIONAL
 6.12 SAGENTIA
 6.13 SGS SA
 6.14 TÜV RHEINLAND
 6.15 TÜV SÜD
 6.16 UL LLC
 6.17 OTHER ACTIVE PLAYERS

Chapter 7: Global Aerospace & Life Sciences Tic Market By Region
 7.1 Overview
 7.2. North America Aerospace & Life Sciences Tic Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Type
   7.2.4.1 Grain
   7.2.4.2 Fruits and Vegetables
   7.2.4.3 Oilseeds
   7.2.4.4 Others
  7.2.5 Historic and Forecasted Market Size By Application
   7.2.5.1 Indoor Farms and Floriculture
   7.2.5.2 Outdoor Farms
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Aerospace & Life Sciences Tic Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Type
   7.3.4.1 Grain
   7.3.4.2 Fruits and Vegetables
   7.3.4.3 Oilseeds
   7.3.4.4 Others
  7.3.5 Historic and Forecasted Market Size By Application
   7.3.5.1 Indoor Farms and Floriculture
   7.3.5.2 Outdoor Farms
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Aerospace & Life Sciences Tic Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Type
   7.4.4.1 Grain
   7.4.4.2 Fruits and Vegetables
   7.4.4.3 Oilseeds
   7.4.4.4 Others
  7.4.5 Historic and Forecasted Market Size By Application
   7.4.5.1 Indoor Farms and Floriculture
   7.4.5.2 Outdoor Farms
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Aerospace & Life Sciences Tic Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Type
   7.5.4.1 Grain
   7.5.4.2 Fruits and Vegetables
   7.5.4.3 Oilseeds
   7.5.4.4 Others
  7.5.5 Historic and Forecasted Market Size By Application
   7.5.5.1 Indoor Farms and Floriculture
   7.5.5.2 Outdoor Farms
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Aerospace & Life Sciences Tic Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Type
   7.6.4.1 Grain
   7.6.4.2 Fruits and Vegetables
   7.6.4.3 Oilseeds
   7.6.4.4 Others
  7.6.5 Historic and Forecasted Market Size By Application
   7.6.5.1 Indoor Farms and Floriculture
   7.6.5.2 Outdoor Farms
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Aerospace & Life Sciences Tic Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Type
   7.7.4.1 Grain
   7.7.4.2 Fruits and Vegetables
   7.7.4.3 Oilseeds
   7.7.4.4 Others
  7.7.5 Historic and Forecasted Market Size By Application
   7.7.5.1 Indoor Farms and Floriculture
   7.7.5.2 Outdoor Farms
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research