Dublin, March 18, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/s2mpf4/testing) has announced the addition of the "Testing, Inspection and Certification (TIC) Market by Application; Aerospace (Airframe, Avionics, Rotor System, PSU, Lighting), Life Sciences (Healthcare, Agriculture, Pharma, Medical, Personal Care, Environmental), and Geography - Global Forecast to 2020 " report to their offering.
The Testing, Inspection and Certification (TIC) Market is expected to reach $50.44 billion by 2020, growing at a CAGR of 5.80% between 2014 and 2020.
The testing, inspection and certification market defines the services which help the manufacturers to meet the international standards and improve the product quality. These services give assurance to the end-users that manufactures have followed the local and global standards and regulations to meet the product quality. Testing and inspection services help scrutinize if the respective products meet the specified standards. Certification services certify that a product is following the specified standards. Standards are developed and published by the governments and private standardization institutions.
The TIC market is highly fragmented and the major players in the TIC market have adopted the acquisition strategy to expand their global reach and services portfolio. The life sciences market is witnessing substantial growth due to the changes in technology, product advancements, regulations, government policy, and connected devices, which is driving the life sciences TIC market as well. The aerospace market is likely to witness growth due to the development of efficient wide-body airplanes which require new regulations and standards for the TIC services related to the aerospace sector.
This report covers the vital driving and restraining factors for this market. New regulations and standards, outsourcing of testing, inspection and certification services, concern about product safety and quality, and globalization are acting as the driving factors for this industry. However, varying rules and regulations across different regions are acting as an obstacle to the growth of the testing, inspection and certification market. This factor is.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Testing, Inspection, and Certification (TIC) Market, By Application
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
- ALS Limited
- ASTM International
- BSI Group
- Bureau Veritas SA
- Dayton T. Brown Inc.
- Dekra Certification Gmbh
- Eurofins Scientific
- Exova Group PLC
- Intertek Group PLC
- Mistras Group, Inc.
- SAI Global
- SGS Group
- TUV Nord Group
- TUV Rheinland Group
- TUV SUD Group
- UL LLC
For more information visit http://www.researchandmarkets.com/research/s2mpf4/testing