Table of Content

1    INTRODUCTION    31
1.1    STUDY OBJECTIVES    31
1.2    MARKET DEFINITION AND SCOPE    31
1.2.1    INCLUSIONS AND EXCLUSIONS    31
1.3    STUDY SCOPE    32
1.3.1    MARKETS COVERED    32
FIGURE 1    AEROSPACE AND LIFE SCIENCES TIC MARKET SEGMENTATION    32
1.3.2    YEARS CONSIDERED    32
1.4    CURRENCY    33
1.5    LIMITATIONS    33
1.6    STAKEHOLDERS    33
1.7    SUMMARY OF CHANGES    33
2    RESEARCH METHODOLOGY    34
2.1    RESEARCH DATA    34
FIGURE 2    RESEARCH DESIGN    34
2.1.1    SECONDARY DATA    35
2.1.1.1    Key data from secondary sources    35
2.1.2    PRIMARY DATA    35
2.1.2.1    Key data from primary sources    36
2.1.2.2    Key industry insights    36
2.1.2.3    Breakdown of primaries    37
2.2    MARKET SIZE ESTIMATION    37
FIGURE 3    PROCESS FLOW OF MARKET SIZE ESTIMATION    37
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE APPROACH    38
2.2.1    BOTTOM-UP APPROACH    39
2.2.2    TOP-DOWN APPROACH    39
2.3    MARKET BREAKDOWN AND DATA TRIANGULATION    40
FIGURE 5    DATA TRIANGULATION    40
2.4    LIMITATIONS    41
TABLE 1    STUDY LIMITATIONS    41
2.5    RESEARCH ASSUMPTIONS    41
TABLE 2    ASSUMPTIONS    41
2.6    COVID-19 ASSUMPTIONS    42

3    EXECUTIVE SUMMARY    43
FIGURE 6    IMPACT OF COVID-19 ON AEROSPACE AND LIFE SCIENCES TIC MARKET    44
FIGURE 7    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY SOURCING TYPE,  
2020 & 2025    44
FIGURE 8    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY SERVICE TYPE,  
2020 & 2025    45
FIGURE 9    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY APPLICATION,  
2020 & 2025    45
FIGURE 10    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY REGION, 2019    46
4    PREMIUM INSIGHTS    47
4.1    MANUFACTURING OF AEROSPACE AND LIFE SCIENCES PRODUCTS REQUIRES ACCURACY DUE TO THEIR CRITICAL NATURE    47
FIGURE 11    DEVELOPMENT OF NEW TIC SERVICES PORTFOLIO AMIDST COVID-19 TO DRIVE MARKET GROWTH DURING FORECAST PERIOD    47
4.2    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY SOURCING TYPE    47
FIGURE 12    IN-HOUSE SOURCING TO COMMAND A LARGER MARKER SHARE DURING FORECAST PERIOD    47
4.3    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY SERVICE TYPE    48
FIGURE 13    TESTING SERVICES TO HOLD LARGEST SHARE OF AEROSPACE AND LIFE SCIENCES TIC MARKET DURING FORECAST PERIOD    48
4.4    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY TYPE    48
FIGURE 14    AEROSPACE MANAGEMENT SERVICES TO LEAD AEROSPACE TIC MARKET DUE TO INCREASING ADOPTION OF QUALITY MANAGEMENT AND AUDITING SERVICES    48
4.5    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY REGION    49
FIGURE 15    US HELD LARGEST SHARE OF AEROSPACE AND LIFE SCIENCES TIC MARKET IN 2019    49
5    MARKET OVERVIEW    50
5.1    INTRODUCTION    50
5.2    MARKET DYNAMICS    51
FIGURE 16    AEROSPACE AND LIFE SCIENCES TIC MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    51
5.2.1    DRIVERS    51
FIGURE 17    AEROSPACE AND LIFE SCIENCES TIC MARKET DRIVERS AND THEIR IMPACT    51
5.2.1.1    Adoption of advanced technologies in aerospace and life sciences manufacturing operations    52
5.2.1.2    Emergence of new TIC services and solutions amidst COVID-19    52
5.2.2    RESTRAINTS    52
FIGURE 18    AEROSPACE AND LIFE SCIENCES TIC MARKET RESTRAINTS AND THEIR IMPACT    52
5.2.2.1    Cascading effect of COVID-19 on TIC industry    52
5.2.3    OPPORTUNITIES    53
FIGURE 19    AEROSPACE AND LIFE SCIENCES TIC MARKET OPPORTUNITIES AND THEIR IMPACT    53
5.2.3.1    Diversification of businesses due to COVID-19 to generate new revenue pockets    53
5.2.4    CHALLENGES    53
FIGURE 20    AEROSPACE AND LIFE SCIENCES TIC MARKET CHALLENGES AND THEIR IMPACT    53
5.2.4.1    Disruptions in supply chains and logistics    53
5.2.4.2    Lack of skilled workforce    54
5.3    VALUE CHAIN ANALYSIS    54
FIGURE 21    VALUE CHAIN ANALYSIS: AEROSPACE AND LIFE SCIENCES TIC MARKET    54
5.4    IMPORTANT REGULATIONS FOR AEROSPACE AND LIFE SCIENCES TIC MARKET    55
5.5    TECHNOLOGY ANALYSIS    55
5.6    PATENTS    56
5.6.1    PATENT 1    56
5.6.2    PATENT 2    56
5.7    KEY INDUSTRY TRENDS    57
TABLE 3    MAJOR TRENDS IN AEROSPACE AND LIFE SCIENCES TIC MARKET    57
5.8    COVID-19 IMPACT ANALYSIS    57
5.9    IMPACT ON VALUE CHAIN    57
5.10    IMPACT ON MARKET DYNAMICS    58
5.10.1    COUNTRY-LEVEL IMPACT ANALYSIS    58
5.10.1.1    Current scenario    58
5.10.1.2    Expected impact analysis    59
5.11    USE CASES    59
5.11.1    USE CASE 1: LFV    59
5.11.2    USE CASE 2: LEADING FOOD MANUFACTURER    60
6    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY SOURCING TYPE    61
6.1    INTRODUCTION    62
FIGURE 22    IMPACT OF COVID-19 ON AEROSPACE AND LIFE SCIENCES OUTSOURCED TIC SERVICES MARKET    62
TABLE 4    PRE- AND POST-COVID-19 SCENARIO ANALYSIS: AEROSPACE AND LIFE SCIENCES OUTSOURCED TIC SERVICES MARKET, 2017–2025 (USD BILLION)    62
FIGURE 23    IN-HOUSE SERVICES TO ACCOUNT FOR LARGER SIZE OF AEROSPACE AND LIFE SCIENCES TIC MARKET IN 2020    63
TABLE 5    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY SOURCING TYPE,  
2017–2019 (USD MILLION)    63
TABLE 6    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY SOURCING TYPE,  
2020–2025 (USD MILLION)    64
6.2    IN-HOUSE SERVICES    64
6.2.1    IN-HOUSE TESTING SERVICES TO CONTINUE TO CAPTURE LARGER MARKET SHARE DURING FORECAST PERIOD    64
6.3    OUTSOURCED SERVICES    64
6.3.1    MARKET FOR OUTSOURCED SERVICES TO GROW AT HIGHER CAGR DURING 2020–2025    64
7    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY SERVICE TYPE    65
7.1    INTRODUCTION    66
FIGURE 24    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY SERVICE TYPE    66
FIGURE 25    IMPACT OF COVID-19 ON AEROSPACE AND LIFE SCIENCES CERTIFICATION MARKET    66
TABLE 7    AEROSPACE AND LIFE SCIENCES CERTIFICATION MARKET,
2017–2025 (USD BILLION)    67
FIGURE 26    TESTING SERVICES TO DOMINATE AEROSPACE AND LIFE SCIENCES TIC MARKET DURING FORECAST PERIOD    67
TABLE 8    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY SERVICE TYPE,  
2017–2019 (USD MILLION)    68
TABLE 9    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY SERVICE TYPE,  
2020–2025 (USD MILLION)    68
7.2    TESTING SERVICES    68
7.2.1    SAFETY AND SECURITY CONCERNS HAVE LED TO AN INCREASE IN TESTING SERVICES PORTFOLIO OF TIC PLAYERS    68
7.3    INSPECTION SERVICES    69
7.3.1    DISRUPTIONS IN TECHNOLOGIES HAVE LED TO INCREASE IN INTRODUCTION AND ADOPTION OF NEW INSPECTION SERVICES    69
7.4    CERTIFICATION SERVICES    69
7.4.1    MANDATORY COMPLIANCES FOR AIRCRAFT PARTS AND MEDICAL DEVICES DRIVE CERTIFICATION MARKET    69
7.5    OTHER SERVICES    70
7.5.1    COMPREHENSIVE SERVICES PERTAINING TO HEALTH AND HYGIENE ARE CRITICAL TO AEROSPACE AND LIFE SCIENCES SECTORS    70
8    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY APPLICATION    71
8.1    INTRODUCTION    72
FIGURE 27    IMPACT OF COVID-19 ON MEDICAL DEVICES APPLICATION    72
TABLE 10    PRE- AND POST-COVID-19 SCENARIO ANALYSIS: MEDICAL DEVICES APPLICATION  MARKET, 2017–2025 (USD BILLION)    72
FIGURE 28    MEDICAL DEVICES PLAY A SIGNIFICANT ROLE IN GROWTH OF AEROSPACE AND LIFE SCIENCES TIC MARKET    73
TABLE 11    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY TYPE,
2017–2019 (USD MILLION)    73
TABLE 12    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY TYPE,
2020–2025 (USD MILLION)    74
8.2    AEROSPACE    74
8.2.1    FLIGHT TESTS, TRACEABILITY-TO-CERTIFICATION MANAGEMENT, AND CERTIFICATION WITHIN AVIATION MANAGEMENT APPLICATION DRIVE AEROSPACE TIC MARKET    74
8.2.2    AEROSPACE MANUFACTURING SERVICES    75
8.2.3    AVIATION MANAGEMENT SERVICES    75
8.2.4    OTHERS    76
TABLE 13    AEROSPACE TIC MARKET, BY TYPE, 2017–2019 (USD MILLION)    76
TABLE 14    AEROSPACE TIC MARKET, BY TYPE, 2020–2025 (USD MILLION)    76
8.3    MEDICAL & LIFE SCIENCES    77
8.3.1    DEMAND FOR TIC-APPROVED ADVANCED MEDICAL DEVICES DRIVES GROWTH OF MEDICAL & LIFE SCIENCES APPLICATIONS    77
8.3.2    MEDICAL DEVICES    77
8.3.3    HEALTH, BEAUTY, AND WELLNESS    77
8.3.4    CLINICAL SERVICES    78
8.3.5    LABORATORY SERVICES    78
8.3.6    BIOPHARMACEUTICALS AND PHARMACEUTICALS SERVICES    78
8.3.7    OTHERS    79
TABLE 15    LIFE SCIENCES TIC MARKET, BY TYPE, 2017–2019 (USD MILLION)    79
TABLE 16    LIFE SCIENCES TIC MARKET, BY TYPE, 2020–2025 (USD MILLION)    80
9    GEOGRAPHIC ANALYSIS    81
9.1    INTRODUCTION    82
FIGURE 29    GEOGRAPHIC SNAPSHOT: AEROSPACE AND LIFE SCIENCES TIC MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    82
FIGURE 30    NORTH AMERICA TO HOLD LARGEST SHARE OF AEROSPACE AND LIFE SCIENCES TIC MARKET DURING FORECAST PERIOD    83
TABLE 17    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY REGION,
2017–2019 (USD MILLION)    83
TABLE 18    AEROSPACE AND LIFE SCIENCES TIC MARKET, BY REGION,
2020–2025 (USD MILLION)    83
9.2    NORTH AMERICA    84
FIGURE 31    SNAPSHOT OF AEROSPACE AND LIFE SCIENCES TIC MARKET IN NORTH AMERICA    85
TABLE 19    AEROSPACE AND LIFE SCIENCES TIC MARKET IN NORTH AMERICA,
BY COUNTRY,  2017–2019 (USD MILLION)    85
TABLE 20    AEROSPACE AND LIFE SCIENCES TIC MARKET IN NORTH AMERICA,
BY COUNTRY,  2020–2025 (USD MILLION)    86
TABLE 21    AEROSPACE AND LIFE SCIENCES TIC MARKET IN NORTH AMERICA,
BY SOURCING TYPE, 2017–2019 (USD MILLION)    86
TABLE 22    AEROSPACE AND LIFE SCIENCES TIC MARKET IN NORTH AMERICA,
BY SOURCING TYPE, 2020–2025 (USD MILLION)    86
TABLE 23    AEROSPACE TIC MARKET IN NORTH AMERICA, BY TYPE,
2017–2019 (USD MILLION)    86
TABLE 24    AEROSPACE TIC MARKET IN NORTH AMERICA, BY TYPE,
2020–2025 (USD MILLION)    87
TABLE 25    LIFE SCIENCES TIC MARKET IN NORTH AMERICA, BY TYPE,
2017–2019 (USD MILLION)    87
TABLE 26    LIFE SCIENCES TIC MARKET IN NORTH AMERICA, BY TYPE,
2020–2025 (USD MILLION)    87
9.2.1    US    88
9.2.1.1    Huge aviation market in country helps US in leading North American aerospace and life sciences TIC market    88
TABLE 27    AEROSPACE AND LIFE SCIENCES TIC MARKET IN US, BY SOURCING TYPE,  2017–2019 (USD MILLION)    88
TABLE 28    AEROSPACE AND LIFE SCIENCES TIC MARKET IN US, BY SOURCING TYPE,  2020-2025 (USD MILLION)    89
TABLE 29    AEROSPACE TIC MARKET IN US, BY TYPE, 2017–2019 (USD MILLION)    89
TABLE 30    AEROSPACE TIC MARKET IN US, BY TYPE, 2020–2025 (USD MILLION)    89
TABLE 31    LIFE SCIENCES TIC MARKET IN US, BY TYPE, 2017–2019 (USD MILLION)    90
TABLE 32    LIFE SCIENCES TIC MARKET IN US, BY TYPE, 2020–2025 (USD MILLION)    90
9.2.2    CANADA    90
9.2.2.1    Growing demand for TIC services across aviation components and new testing services in biotechnology drive market in Canada    90
TABLE 33    AEROSPACE AND LIFE SCIENCES TIC MARKET IN CANADA, BY SOURCING TYPE,  2017–2019 (USD MILLION)    91
TABLE 34    AEROSPACE AND LIFE SCIENCES TIC MARKET IN CANADA, BY SOURCING TYPE,  2020–2025 (USD MILLION)    91
TABLE 35    AEROSPACE TIC MARKET IN CANADA, BY TYPE, 2017–2019 (USD MILLION)    91
TABLE 36    AEROSPACE TIC MARKET IN CANADA, BY TYPE, 2020–2025 (USD MILLION)    92
TABLE 37    LIFE SCIENCES TIC MARKET IN CANADA, BY TYPE,
2017–2019 (USD MILLION)    92
TABLE 38    LIFE SCIENCES TIC MARKET IN CANADA, BY TYPE,
2020–2025 (USD MILLION)    92
9.2.3    MEXICO    93
9.2.3.1    Huge potential for growth in medical equipment and aerospace TIC services segments    93
TABLE 39    AEROSPACE AND LIFE SCIENCES TIC MARKET IN MEXICO, BY SOURCING TYPE,  2017–2019 (USD MILLION)    93
TABLE 40    AEROSPACE AND LIFE SCIENCES TIC MARKET IN MEXICO, BY SOURCING TYPE,  2020–2025 (USD MILLION)    93
TABLE 41    AEROSPACE TIC MARKET IN MEXICO, BY TYPE, 2017–2019 USD MILLION)    94
TABLE 42    AEROSPACE TIC MARKET IN MEXICO, BY TYPE, 2020–2025 (USD MILLION)    94
TABLE 43    LIFE SCIENCES TIC MARKET IN MEXICO, BY TYPE, 2017–2019 (USD MILLION)    94
TABLE 44    LIFE SCIENCES TIC MARKET IN MEXICO, BY TYPE, 2020–2025 (USD MILLION)    95
9.3    EUROPE    95
FIGURE 32    SNAPSHOT OF AEROSPACE AND LIFE SCIENCES TIC MARKET IN EUROPE    96
TABLE 45    AEROSPACE AND LIFE SCIENCES TIC MARKET IN EUROPE, BY COUNTRY,  2017–2019 (USD MILLION)    97
TABLE 46    AEROSPACE AND LIFE SCIENCES TIC MARKET IN EUROPE, BY COUNTRY,  2020–2025 (USD MILLION)    97
TABLE 47    AEROSPACE AND LIFE SCIENCES TIC MARKET IN EUROPE, BY SOURCING TYPE,  2017–2019 (USD MILLION)    98
TABLE 48    AEROSPACE AND LIFE SCIENCES TIC MARKET IN EUROPE, BY SOURCING TYPE,  2020–2025 (USD MILLION)    98
TABLE 49    AEROSPACE TIC MARKET IN EUROPE, BY TYPE, 2017–2019 (USD MILLION)    98
TABLE 50    AEROSPACE TIC MARKET IN EUROPE, BY TYPE, 2020–2025 (USD MILLION)    98
TABLE 51    LIFE SCIENCES TIC MARKET IN EUROPE, BY TYPE,
2017–2019 (USD MILLION)    99
TABLE 52    LIFE SCIENCES TIC MARKET IN EUROPE, BY TYPE,
2020–2025 (USD MILLION)    99
9.3.1    GERMANY    99
9.3.1.1    Huge R&D centers and awareness for healthcare have driven market for life sciences in Germany    99
TABLE 53    AEROSPACE AND LIFE SCIENCES TIC MARKET IN GERMANY, BY SOURCING TYPE,  2019–2025 (USD MILLION)    100
TABLE 54    AEROSPACE AND LIFE SCIENCES TIC MARKET IN GERMANY, BY SOURCING TYPE,  2020–2025 (USD MILLION)    100
TABLE 55    AEROSPACE TIC MARKET IN GERMANY, BY TYPE, 2017–2019 (USD MILLION)    101
TABLE 56    AEROSPACE TIC MARKET IN GERMANY, BY TYPE, 2020–2025 (USD MILLION)    101
TABLE 57    LIFE SCIENCES TIC MARKET IN GERMANY, BY TYPE,
2017–2019 (USD MILLION)    101
TABLE 58    LIFE SCIENCES TIC MARKET IN GERMANY, BY TYPE,
2020–2025 (USD MILLION)    102
9.3.2    UK    102
9.3.2.1    Government investments in research and development activities ensure new growth opportunities for aerospace TIC market in UK    102
TABLE 59    AEROSPACE AND LIFE SCIENCES TIC MARKET IN UK, BY SOURCING TYPE,  2017–2019 (USD MILLION)    103
TABLE 60    AEROSPACE AND LIFE SCIENCES TIC MARKET IN UK, BY SOURCING TYPE,  2020–2025 (USD MILLION)    103
TABLE 61    AEROSPACE TIC MARKET IN UK, BY TYPE, 2017–2019 (USD MILLION)    103
TABLE 62    AEROSPACE TIC MARKET IN UK, BY TYPE, 2020–2025 (USD MILLION)    104
TABLE 63    LIFE SCIENCES TIC MARKET IN UK, BY TYPE, 2017–2019 (USD MILLION)    104
TABLE 64    LIFE SCIENCES TIC MARKET IN UK, BY TYPE, 2020–2025 (USD MILLION)    104
9.3.3    FRANCE    105
9.3.3.1    Diversification of businesses has helped France to provide amenities to domestic market    105
TABLE 65    AEROSPACE AND LIFE SCIENCES TIC MARKET IN FRANCE, BY SOURCING TYPE,  2017–2019 (USD MILLION)    105
TABLE 66    AEROSPACE AND LIFE SCIENCES TIC MARKET IN FRANCE, BY SOURCING TYPE,  2020–2025 (USD MILLION)    105
TABLE 67    AEROSPACE TIC MARKET IN FRANCE, BY TYPE, 2017–2019 (USD MILLION)    106
TABLE 68    AEROSPACE TIC MARKET IN FRANCE, BY TYPE, 2020–2025 (USD MILLION)    106
TABLE 69    LIFE SCIENCES TIC MARKET IN FRANCE, BY TYPE,
2017–2019 (USD MILLION)    106
TABLE 70    LIFE SCIENCES TIC MARKET IN FRANCE, BY TYPE,
2020–2025 (USD MILLION)    107
9.3.4    ITALY    107
9.3.4.1    Health, beauty, and wellness segment will drive adoption of TIC services in Italy    107
TABLE 71    AEROSPACE AND LIFE SCIENCES TIC MARKET IN ITALY, BY SOURCING TYPE,  2017–2019 (USD MILLION)    107
TABLE 72    AEROSPACE AND LIFE SCIENCES TIC MARKET IN ITALY, BY SOURCING TYPE,  2020–2025 (USD MILLION)    108
TABLE 73    AEROSPACE TIC MARKET IN ITALY, BY TYPE, 2017–2019 (USD MILLION)    108
TABLE 74    AEROSPACE TIC MARKET IN ITALY, BY TYPE, 2020–2025 (USD MILLION)    108
TABLE 75    LIFE SCIENCES TIC MARKET IN ITALY, BY TYPE, 2017–2019 (USD MILLION)    109
TABLE 76    LIFE SCIENCES TIC MARKET IN ITALY, BY TYPE, 2020–2025 (USD MILLION)    109
9.3.5    SPAIN    110
9.3.5.1    Government initiatives to help industries return to normalcy have led to creation of opportunities for TIC players    110
TABLE 77    AEROSPACE AND LIFE SCIENCES TIC MARKET IN SPAIN, BY SOURCING TYPE,  2017–2019 (USD MILLION)    110
TABLE 78    AEROSPACE AND LIFE SCIENCES TIC MARKET IN SPAIN, BY SOURCING TYPE,  2020–2025 (USD MILLION)    110
TABLE 79    AEROSPACE TIC MARKET IN SPAIN, BY TYPE, 2017–2019 (USD MILLION)    111
TABLE 80    AEROSPACE TIC MARKET IN SPAIN, BY TYPE, 2020–2025 (USD MILLION)    111
TABLE 81    LIFE SCIENCES TIC MARKET IN SPAIN, BY TYPE, 2017–2019 (USD MILLION)    111
TABLE 82    LIFE SCIENCES TIC MARKET IN SPAIN, BY TYPE, 2020–2025 (USD MILLION)    112
9.3.6    NORWAY    112
9.3.6.1    COVID-19 pandemic has led to increased opportunities for TIC players in medical and life sciences segments    112
TABLE 83    AEROSPACE AND LIFE SCIENCES TIC MARKET IN NORWAY, BY SOURCING TYPE,  2017–2019 (USD MILLION)    112
TABLE 84    AEROSPACE AND LIFE SCIENCES TIC MARKET IN NORWAY, BY SOURCING TYPE,  2020–2025 (USD MILLION)    113
TABLE 85    AEROSPACE TIC MARKET IN NORWAY, BY TYPE, 2017–2019 (USD MILLION)    113
TABLE 86    AEROSPACE TIC MARKET IN NORWAY, BY TYPE, 2020–2025 (USD MILLION)    113
TABLE 87    LIFE SCIENCES TIC MARKET IN NORWAY, BY TYPE,
2017–2019 (USD MILLION)    114
TABLE 88    LIFE SCIENCES TIC MARKET IN NORWAY, BY TYPE,
2020–2025 (USD MILLION)    114
9.3.7    NETHERLANDS    115
9.3.7.1    Huge manufacturing and MRO capabilities have led to creation of opportunities for TIC service providers    115
TABLE 89    AEROSPACE AND LIFE SCIENCES TIC MARKET IN NETHERLANDS,
 BY SOURCING TYPE, 2017–2019 (USD MILLION)    115
TABLE 90    AEROSPACE AND LIFE SCIENCES TIC MARKET IN NETHERLANDS,
BY SOURCING TYPE, 2020–2025 (USD MILLION)    116
TABLE 91    AEROSPACE TIC MARKET IN NETHERLANDS, BY TYPE,
 2017–2019 (USD MILLION)    116
TABLE 92    AEROSPACE TIC MARKET IN NETHERLANDS, BY TYPE,
2020–2025 (USD MILLION)    116
TABLE 93    LIFE SCIENCES TIC MARKET IN NETHERLANDS, BY TYPE,
2017–2019 (USD MILLION)    117
TABLE 94    LIFE SCIENCES TIC MARKET IN NETHERLANDS, BY TYPE,
 2020–2025 (USD MILLION)    117
9.3.8    REST OF EUROPE (ROE)    118
TABLE 95    AEROSPACE AND LIFE SCIENCES TIC MARKET IN REST OF EUROPE,
BY SOURCING TYPE, 2017–2019 (USD MILLION)    118
TABLE 96    AEROSPACE AND LIFE SCIENCES TIC MARKET IN REST OF EUROPE,
BY SOURCING TYPE, 2020–2025 (USD MILLION)    118
TABLE 97    AEROSPACE TIC MARKET IN REST OF EUROPE, BY TYPE,
 2017–2019 (USD MILLION)    118
TABLE 98    AEROSPACE TIC MARKET IN REST OF EUROPE, BY TYPE,
2020–2025 (USD MILLION)    119
TABLE 99    LIFE SCIENCES TIC MARKET IN THE REST OF EUROPE, BY TYPE,  
2017–2019 (USD MILLION)    119
TABLE 100    LIFE SCIENCES TIC MARKET IN THE REST OF EUROPE, BY TYPE,  
2020–2025 (USD MILLION)    119
9.4    ASIA PACIFIC    120
FIGURE 33    SNAPSHOT OF AEROSPACE AND LIFE SCIENCES TIC MARKET IN APAC    120
TABLE 101    AEROSPACE AND LIFE SCIENCES TIC MARKET IN APAC, BY COUNTRY,
 2017–2019 (USD MILLION)    121
TABLE 102    AEROSPACE AND LIFE SCIENCES TIC MARKET IN APAC, BY COUNTRY,  
2020–2025 (USD MILLION)    121
TABLE 103    AEROSPACE AND LIFE SCIENCES TIC MARKET IN APAC, BY SOURCING TYPE,  2017–2019 (USD MILLION)    121
TABLE 104    AEROSPACE AND LIFE SCIENCES TIC MARKET IN APAC, BY SOURCING TYPE,  2020–2025 (USD MILLION)    122
TABLE 105    AEROSPACE TIC MARKET IN APAC, BY TYPE, 2017–2019 (USD MILLION)    122
TABLE 106    AEROSPACE TIC MARKET IN APAC, BY TYPE, 2020–2025 (USD MILLION)    122
TABLE 107    LIFE SCIENCES TIC MARKET IN APAC, BY TYPE, 2017–2019 (USD MILLION)    123
TABLE 108    LIFE SCIENCES TIC MARKET IN APAC, BY TYPE, 2020–2025 (USD MILLION)    123
9.4.1    CHINA    124
9.4.1.1    Increasing developments in technologies and medical space have encouraged TIC service providers to set up labs in China    124
TABLE 109    AEROSPACE AND LIFE SCIENCES TIC MARKET IN CHINA, BY SOURCING TYPE,  2017–2019 (USD MILLION)    124
TABLE 110    AEROSPACE AND LIFE SCIENCES TIC MARKET IN CHINA, BY SOURCING TYPE,  2020–2025 (USD MILLION)    125
TABLE 111    AEROSPACE TIC MARKET IN CHINA, BY TYPE, 2017–2019 (USD MILLION)    125
TABLE 112    AEROSPACE TIC MARKET IN CHINA, BY TYPE, 2020–2025 (USD MILLION)    125
TABLE 113    LIFE SCIENCES TIC MARKET IN CHINA, BY TYPE, 2017–2019 (USD MILLION)    125
TABLE 114    LIFE SCIENCES TIC MARKET IN CHINA, BY TYPE, 2020–2025 (USD MILLION)    126
9.4.2    JAPAN    126
9.4.2.1    Strong pharmaceuticals research and development infrastructure is driving testing services segment in Japan    126
TABLE 115    AEROSPACE AND LIFE SCIENCES TIC MARKET IN JAPAN, BY SOURCING TYPE,  2017–2019 (USD MILLION)    127
TABLE 116    AEROSPACE AND LIFE SCIENCES TIC MARKET IN JAPAN, BY SOURCING TYPE,  2020–2025 (USD MILLION)    127
TABLE 117    AEROSPACE TIC MARKET IN JAPAN, BY TYPE, 2017–2019 (USD MILLION)    127
TABLE 118    AEROSPACE TIC MARKET IN JAPAN, BY TYPE, 2020–2025 (USD MILLION)    127
TABLE 119    LIFE SCIENCES TIC MARKET IN JAPAN, BY TYPE, 2017–2019 (USD MILLION)    128
TABLE 120    LIFE SCIENCES TIC MARKET IN JAPAN, BY TYPE, 2020–2025 (USD MILLION)    128
9.4.3    INDIA    128
9.4.3.1    Demand for TIC services is increasing due to increasing medical equipment and medicines production, and investments in R&D    128
TABLE 121    AEROSPACE AND LIFE SCIENCES TIC MARKET IN INDIA, BY SOURCING TYPE,  2017–2019 (USD MILLION)    129
TABLE 122    AEROSPACE AND LIFE SCIENCES TIC MARKET IN INDIA, BY SOURCING TYPE,  2020–2025 (USD MILLION)    129
TABLE 123    AEROSPACE TIC MARKET IN INDIA, BY TYPE, 2017–2019 (USD MILLION)    130
TABLE 124    AEROSPACE TIC MARKET IN INDIA, BY TYPE, 2020–2025 (USD MILLION)    130
TABLE 125    LIFE SCIENCES TIC MARKET IN INDIA, BY TYPE, 2017–2019 (USD MILLION)    130
TABLE 126    LIFE SCIENCES TIC MARKET IN INDIA, BY TYPE, 2020–2025 (USD MILLION)    131
9.4.4    SOUTH KOREA    131
9.4.4.1    Manufacturing and export of medical devices have helped South Korea maintain its global rank    131
TABLE 127    AEROSPACE AND LIFE SCIENCES TIC MARKET IN SOUTH KOREA,
BY SOURCING TYPE, 2017–2019 (USD MILLION)    132
TABLE 128    AEROSPACE AND LIFE SCIENCES TIC MARKET IN SOUTH KOREA,
BY SOURCING TYPE, 2020–2025 (USD MILLION)    132
TABLE 129    AEROSPACE TIC MARKET IN SOUTH KOREA, BY TYPE,
 2017–2019 (USD MILLION)    132
TABLE 130    AEROSPACE TIC MARKET IN SOUTH KOREA, BY TYPE,
2020–2025 (USD MILLION)    132
TABLE 131    LIFE SCIENCES TIC MARKET IN SOUTH KOREA, BY TYPE,
 2017–2019 (USD MILLION)    133
TABLE 132    LIFE SCIENCES TIC MARKET IN SOUTH KOREA, BY TYPE,
2020–2025 (USD MILLION)    133
9.4.5    AUSTRALIA    133
9.4.5.1    Stringent rules and norms in Australia have led to rising standards of medical products across region    133
TABLE 133    AEROSPACE AND LIFE SCIENCES TIC MARKET IN AUSTRALIA, BY SOURCING TYPE,  2017–2019 (USD MILLION)    134
TABLE 134    AEROSPACE AND LIFE SCIENCES TIC MARKET IN AUSTRALIA, BY SOURCING TYPE,  2020–2025 (USD MILLION)    134
TABLE 135    AEROSPACE TIC MARKET IN AUSTRALIA, BY TYPE,
2017–2019 (USD MILLION)    134
TABLE 136    AEROSPACE TIC MARKET IN AUSTRALIA, BY TYPE,
2020–2025 (USD MILLION)    135
TABLE 137    LIFE SCIENCES TIC MARKET IN AUSTRALIA, BY TYPE,
2017–2019 (USD MILLION)    135
TABLE 138    LIFE SCIENCES TIC MARKET IN AUSTRALIA, BY TYPE,
2020–2025 (USD MILLION)    135
9.4.6    REST OF APAC (ROAPAC)    136
TABLE 139    AEROSPACE AND LIFE SCIENCES TIC MARKET IN REST OF APAC,
BY SOURCING TYPE, 2017–2019 (USD MILLION)    136
TABLE 140    AEROSPACE AND LIFE SCIENCES TIC MARKET IN REST OF APAC,
BY SOURCING TYPE, 2020–2025 (USD MILLION)    136
TABLE 141    AEROSPACE TIC MARKET IN REST OF APAC, BY TYPE,
2017–2019 (USD MILLION)    136
TABLE 142    AEROSPACE TIC MARKET IN REST OF APAC, BY TYPE,
2020–2025 (USD MILLION)    137
TABLE 143    LIFE SCIENCES TIC MARKET IN REST OF APAC, BY TYPE,
2017–2019 (USD MILLION)    137
TABLE 144    LIFE SCIENCES TIC MARKET IN REST OF APAC, BY TYPE,
2020–2025 (USD MILLION)    137

9.5    REST OF THE WORLD    138
FIGURE 34    SNAPSHOT OF AEROSPACE AND LIFE SCIENCES TIC MARKET IN ROW    138
TABLE 145    AEROSPACE AND LIFE SCIENCES TIC MARKET IN REST OF THE WORLD,
BY COUNTRY, 2017–2019 (USD MILLION)    139
TABLE 146    AEROSPACE AND LIFE SCIENCES TIC MARKET IN REST OF THE WORLD,
 BY COUNTRY, 2020–2025 (USD MILLION)    139
TABLE 147    AEROSPACE AND LIFE SCIENCES TIC MARKET IN REST OF THE WORLD,
BY SOURCING TYPE, 2017–2019 (USD MILLION)    140
TABLE 148    AEROSPACE AND LIFE SCIENCES TIC MARKET IN REST OF THE WORLD,
BY SOURCING TYPE, 2020–2025 (USD MILLION)    140
TABLE 149    AEROSPACE TIC MARKET IN REST OF THE WORLD, BY TYPE,
2017–2019 (USD MILLION)    140
TABLE 150    AEROSPACE TIC MARKET IN REST OF THE WORLD, BY TYPE,
2020–2025 (USD MILLION)    140
TABLE 151    LIFE SCIENCES TIC MARKET IN REST OF THE WORLD, BY TYPE,
 2017–2019 (USD MILLION)    141
TABLE 152    LIFE SCIENCES TIC MARKET IN REST OF THE WORLD, BY TYPE,
2020–2025 (USD MILLION)    141
9.5.1    SOUTH AMERICA    142
9.5.1.1    Regulations for medical devices provide opportunities for TIC companies to set up labs in South America    142
TABLE 153    AEROSPACE AND LIFE SCIENCES TIC MARKET IN SOUTH AMERICA,
 BY SOURCING TYPE, 2017–2019 (USD MILLION)    142
TABLE 154    AEROSPACE AND LIFE SCIENCES TIC MARKET IN SOUTH AMERICA,
BY SOURCING TYPE, 2020–2025 (USD MILLION)    142
TABLE 155    AEROSPACE TIC MARKET IN SOUTH AMERICA, BY TYPE,
2017–2019 (USD MILLION)    142
TABLE 156    AEROSPACE TIC MARKET IN SOUTH AMERICA, BY TYPE,
2020–2025 (USD MILLION)    143
TABLE 157    LIFE SCIENCES TIC MARKET IN SOUTH AMERICA, BY TYPE,
 2017–2019 (USD MILLION)    143
TABLE 158    LIFE SCIENCES TIC MARKET IN SOUTH AMERICA, BY TYPE,
2020–2025 (USD MILLION)    143
9.5.2    ARGENTINA    144
9.5.2.1    Liberalization and globalization will fuel demand for TIC services in Argentina    144
TABLE 159    AEROSPACE AND LIFE SCIENCES TIC MARKET IN ARGENTINA, BY SOURCING TYPE,  2017–2019 (USD MILLION)    144
TABLE 160    AEROSPACE AND LIFE SCIENCES TIC MARKET IN ARGENTINA, BY SOURCING TYPE,  2020–2025 (USD MILLION)    144
TABLE 161    AEROSPACE TIC MARKET IN ARGENTINA, BY TYPE,
 2017–2019 (USD MILLION)    144
TABLE 162    AEROSPACE TIC MARKET IN ARGENTINA, BY TYPE,
 2020–2025 (USD MILLION)    145
TABLE 163    LIFE SCIENCES TIC MARKET IN ARGENTINA, BY TYPE,
 2017–2019 (USD MILLION)    145
TABLE 164    LIFE SCIENCES TIC MARKET IN ARGENTINA, BY TYPE,
2020–2025 (USD MILLION)    145
9.5.3    BRAZIL    146
9.5.3.1    Agreements and partnerships between government and MNCs are helping Brazil to move ahead in global ranks    146
TABLE 165    AEROSPACE AND LIFE SCIENCES TIC MARKET IN BRAZIL, BY SOURCING TYPE,  2017–2019 (USD MILLION)    146
TABLE 166    AEROSPACE AND LIFE SCIENCES TIC MARKET IN BRAZIL, BY SOURCING TYPE,  2020–2025 (USD MILLION)    147
TABLE 167    AEROSPACE TIC MARKET IN BRAZIL, BY TYPE, 2017–2019 (USD MILLION)    147
TABLE 168    AEROSPACE TIC MARKET IN BRAZIL, BY TYPE, 2020–2025 (USD MILLION)    147
TABLE 169    LIFE SCIENCES TIC MARKET IN BRAZIL, BY TYPE, 2017–2019 (USD MILLION)    148
TABLE 170    LIFE SCIENCES TIC MARKET IN BRAZIL, BY TYPE, 2020–2025 (USD MILLION)    148
9.5.4    REST OF SOUTH AMERICA    148
TABLE 171    AEROSPACE AND LIFE SCIENCES TIC MARKET IN REST OF SOUTH AMERICA,  BY SOURCING TYPE, 2017–2019 (USD MILLION)    149
TABLE 172    AEROSPACE AND LIFE SCIENCES TIC MARKET IN REST OF SOUTH AMERICA,  BY SOURCING TYPE, 2020–2025 (USD MILLION)    149
TABLE 173    AEROSPACE TIC MARKET IN REST OF SOUTH AMERICA, BY TYPE,
 2017–2019 (USD MILLION)    149
TABLE 174    AEROSPACE TIC MARKET IN REST OF SOUTH AMERICA, BY TYPE,  
2020–2025 (USD MILLION)    150
TABLE 175    LIFE SCIENCES TIC MARKET IN REST OF SOUTH AMERICA, BY TYPE,  
2017–2019 (USD MILLION)    150
TABLE 176    LIFE SCIENCES TIC MARKET IN REST OF SOUTH AMERICA, BY TYPE,  
2020–2025 (USD MILLION)    150
9.5.5    MEA    151
9.5.5.1    Advancements in medical facilities amidst COVID-19 pandemic have increased opportunities for TIC companies    151
TABLE 177    AEROSPACE AND LIFE SCIENCES TIC MARKET IN MEA, BY SOURCING TYPE,  2017–2019 (USD MILLION)    151
TABLE 178    AEROSPACE AND LIFE SCIENCES TIC MARKET IN MEA, BY SOURCING TYPE,  2020–2025 (USD MILLION)    151
TABLE 179    AEROSPACE TIC MARKET IN MEA, BY TYPE, 2017–2019 (USD MILLION)    152
TABLE 180    AEROSPACE TIC MARKET IN MEA, BY TYPE, 2020–2025 (USD MILLION)    152
TABLE 181    LIFE SCIENCES TIC MARKET IN MEA, BY TYPE, 2017–2019 (USD MILLION)    152
TABLE 182    LIFE SCIENCES TIC MARKET IN MEA, BY TYPE, 2020–2025 (USD MILLION)    153
9.5.6    SAUDI ARABIA    153
9.5.6.1    Stringent regulations pave way for TIC companies in testing and certification services segments    153
TABLE 183    AEROSPACE AND LIFE SCIENCES TIC MARKET IN SAUDI ARABIA,
 BY SOURCING TYPE, 2017–2019 (USD MILLION)    154
TABLE 184    AEROSPACE AND LIFE SCIENCES TIC MARKET IN SAUDI ARABIA,
BY SOURCING TYPE, 2020–2025 (USD MILLION)    154
TABLE 185    AEROSPACE TIC MARKET IN SAUDI ARABIA, BY TYPE,
 2017–2019 (USD MILLION)    154
TABLE 186    AEROSPACE TIC MARKET IN SAUDI ARABIA, BY TYPE,
2020–2025 (USD MILLION)    154
TABLE 187    LIFE SCIENCES TIC MARKET IN SAUDI ARABIA, BY TYPE,
2017–2019 (USD MILLION)    155
TABLE 188    LIFE SCIENCES TIC MARKET IN SAUDI ARABIA, BY TYPE,
2020–2025 (USD MILLION)    155
9.5.7    UAE    156
9.5.7.1    Technological innovations and restructuring of business strategies further open doors for TIC services providers    156
TABLE 189    AEROSPACE AND LIFE SCIENCES TIC MARKET IN UAE, BY SOURCING TYPE,  2017–2019 (USD MILLION)    156
TABLE 190    AEROSPACE AND LIFE SCIENCES TIC MARKET IN UAE, BY SOURCING TYPE,  2020–2025 (USD MILLION)    156
TABLE 191    AEROSPACE TIC MARKET IN UAE, BY TYPE, 2017–2019 (USD MILLION)    157
TABLE 192    AEROSPACE TIC MARKET IN UAE, BY TYPE, 2020–2025 (USD MILLION)    157
TABLE 193    LIFE SCIENCES TIC MARKET IN UAE, BY TYPE, 2017–2019 (USD MILLION)    157
TABLE 194    LIFE SCIENCES TIC MARKET IN UAE, BY TYPE, 2020–2025 (USD MILLION)    158
9.5.8    REST OF MIDDLE EAST AND AFRICA    158
TABLE 195    AEROSPACE AND LIFE SCIENCES TIC MARKET IN REST OF MEA,
BY SOURCING TYPE, 2017–2019 (USD MILLION)    158
TABLE 196    AEROSPACE AND LIFE SCIENCES TIC MARKET IN REST OF MEA,
BY SOURCING TYPE, 2020–2025 (USD MILLION)    159
TABLE 197    AEROSPACE TIC MARKET IN REST OF MEA, BY TYPE,
2017–2019 (USD MILLION)    159
TABLE 198    AEROSPACE TIC MARKET IN REST OF MEA, BY TYPE,
2020–2025 (USD MILLION)    159
TABLE 199    LIFE SCIENCES TIC MARKET IN REST OF MEA, BY TYPE,
2017–2019 (USD MILLION)    160
TABLE 200    LIFE SCIENCES TIC MARKET IN REST OF MEA, BY TYPE,
2020–2025 (USD MILLION)    160
10    COMPETITIVE LANDSCAPE    161
10.1    OVERVIEW    161
10.2    MARKET SHARE ANALYSIS    161
TABLE 201    AEROSPACE TIC ECOSYSTEM: MARKET SHARE ANALYSIS (2019)    161
TABLE 202    LIFE SCIENCES TIC ECOSYSTEM: MARKET SHARE ANALYSIS (2019)    161
10.3    COMPETITIVE LEADERSHIP MAPPING, 2019    162
10.3.1    VISIONARY LEADERS    162
10.3.2    DYNAMIC DIFFERENTIATORS    162
10.3.3    INNOVATORS    163
10.3.4    EMERGING COMPANIES    163
FIGURE 35    AEROSPACE AND LIFE SCIENCES TIC MARKET COMPETITIVE LEADERSHIP MAPPING, 2020    163
10.4    STRENGTH OF SERVICE PORTFOLIO    164
FIGURE 36    SERVICE PORTFOLIO ANALYSIS OF TOP PLAYERS IN AEROSPACE AND LIFE SCIENCES TESTING, INSPECTION, AND CERTIFICATION MARKET    164
10.5    BUSINESS STRATEGY EXCELLENCE    165
FIGURE 37    BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN AEROSPACE AND LIFE SCIENCES TESTING, INSPECTION, AND CERTIFICATION MARKET    165
10.6    COMPETITIVE SITUATION AND TRENDS    166
10.6.1    EXPANSIONS    166
TABLE 203    EXPANSIONS, 2019    166
10.6.2    PRODUCT/SERVICE LAUNCHES AND DEVELOPMENTS    166
TABLE 204    PRODUCT/SERVICE LAUNCHES AND DEVELOPMENTS, 2019    166
10.6.3    ACQUISITIONS    167
TABLE 205    ACQUISITIONS, 2018–2019    167
10.6.4    AGREEMENTS AND PARTNERSHIPS    167
TABLE 206    AGREEMENTS AND PARTNERSHIPS, 2019 & 2020    167
11    COMPANY PROFILES    168
11.1    INTRODUCTION    168
(Business overview, Services offered, Recent developments, COVID-19-related recent developments, SWOT analysis, and MnM view)*
11.2    KEY PLAYERS    169
11.2.1    SGS GROUP    169
FIGURE 38    SGS GROUP: COMPANY SNAPSHOT    169
11.2.2    BUREAU VERITAS    172
FIGURE 39    BUREAU VERITAS SA: COMPANY SNAPSHOT    172
11.2.3    INTERTEK    175
FIGURE 40    INTERTEK: COMPANY SNAPSHOT    175
11.2.4    EUROFINS SCIENTIFIC    178
FIGURE 41    EUROFINS SCIENTIFIC: COMPANY SNAPSHOT    178
11.2.5    TÜV SÜD    181
FIGURE 42    TÜV SÜD: COMPANY SNAPSHOT    181
11.2.6    DNV GL    183
FIGURE 43    DNV GL: COMPANY SNAPSHOT    183
11.2.7    TÜV RHEINLAND    185
FIGURE 44    TÜV RHEINLAND: COMPANY SNAPSHOT    185
11.2.8    APPLUS+    187
FIGURE 45    APPLUS+: COMPANY SNAPSHOT    187
11.2.9    TÜV NORD GROUP    189
FIGURE 46    TÜV NORD GROUP: COMPANY SNAPSHOT    189
11.2.10    ELEMENT MATERIALS TECHNOLOGY    190
11.2.11    ALS LIMITED    192
FIGURE 47    ALS LIMITED: COMPANY SNAPSHOT    192
11.2.12    UL LLC    194
11.2.13    MISTRAS    195
FIGURE 48    MISTRAS: COMPANY SNAPSHOT    195
11.3    KEY INNOVATORS    197
11.3.1    AVOMEEN ANALYTICAL SERVICES    197
11.3.2    ELEMENT MATERIALS TECHNOLOGY (EXOVA)    197
11.3.3    ENVIGO    198
11.3.4    MEDISTRI SA    198
11.3.5    GATEWAY ANALYTICAL    199
*Details on Business overview, Services offered, Recent developments, COVID-19-related recent developments, SWOT analysis, and MnM view might not be captured in case of unlisted companies.
12    APPENDIX    200
12.1    INSIGHTS OF INDUSTRY EXPERTS    200
12.2    DISCUSSION GUIDE    201
12.3    KNOWLEDGE STORE   204
12.4    AVAILABLE CUSTOMIZATIONS    206
12.5    RELATED REPORTS    206
12.6    AUTHOR DETAILS    207