Aerospace and Life Sciences TIC Market : Industry Trends and Technology to 2025

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MarketsandMarkets Presents
Aerospace and Life Sciences TIC Market by
Sourcing type (In-house and Outsourced services),
Service Type (Testing, Inspection and
Certification), Application (Aerospace and Life
Sciences) and Region - Forecast to 2025 The
aerospace and life sciences TIC market is
expected to grow from USD 31.3 billion in 2020 to
USD 37.8 billion in 2025, at a CAGR of 3.8.
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MarketsandMarkets Presents
Outsourced Services, by scanning type, is
expected to grow at the highest CAGR during the
forecast period The demand toward outsourcing by
manufacturing companies, and in specific
instances, the privatization of state-owned
laboratories and criticality in the manufacturing
of components and parts are expected to continue
to be a robust factor driving the progress of the
aerospace and life sciences TIC market for
outsourced services. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id32924426
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MarketsandMarkets Presents
Certification service, by service type, is
expected to grow at the highest CAGR during the
forecast period The aerospace and life sciences
TIC market for certification services is expected
to grow at the highest CAGR as certification
services help in streamlining the processes and
growth, manage counterfeit products and helps in
accessing to international markets for trade.
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MarketsandMarkets Presents
Medical devices application, is expected to grow
at the highest CAGR during the forecast
period This unpredictable pandemic has required
health systems to respond to urgent mobilization
of resources to mitigate risks associated with
this deadly virus. In the process, it has caused
immense stress on the healthcare workforce and
hospital infrastructure and has posed enormous
demand for test kits, ventilators among other
innovative medical and diagnostics interventions
which has led to the
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MarketsandMarkets Presents
India, by country, is expected to grow at the
highest CAGR during the forecast period One of
the major reasons for India's domination of the
market is the presence huge RD facilities, top
class pharmaceutical manufacturing companies and
advanced supply chain. As India is helping and
collaborating with many countries in order to
curb the effect of COVID-19, the demand for
medical devices, medicines and necessities has
led to the growth of Indian market in the
forecast period.
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MarketsandMarkets Presents
A few key players operating in the Indian market
are TÜV SÜD (Germany), SGS (Switzerland), Bureau
Veritas (France), Intertek (UK) and Eurofins
Scientific (Luxembourg)
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MarketsandMarkets Presents
India, by country, is expected to grow at the
highest CAGR during the forecast period One of
the major reasons for India's domination of the
market is the presence huge RD facilities, top
class pharmaceutical manufacturing companies and
advanced supply chain. As India is helping and
collaborating with many countries in order to
curb the effect of COVID-19, the demand for
medical devices, medicines and necessities has
led to the growth of Indian market in the
forecast period.
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MarketsandMarkets Presents
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