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%. The primary reasons for this rise in demand are the increasing mandatory certification and amalgamation of new technologies in the manufacturing operations of aerospace and life sciences industry.
The aerospace & life sciences Testing, Inspection, and Certification (TIC) market is expected to grow from USD 30.45 billion in 2017 to USD 41.60 billion by 2023, at a CAGR of 5.34% between 2017 and 2023
The aerospace & life sciences Testing, Inspection, and Certification (TIC) market is expected to grow from USD 30.45 billion in 2017 to USD 41.60 billion by 2023, at a CAGR of 5.34% between 2017 and 2023
the aerospace & life sciences Testing, Inspection, and Certification (TIC) market is expected to reach USD 44.9 billion by 2025, at a CAGR of 4.75% between 2019 and 2025 from USD 30.5 billion in 2017
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The factors such as new regulations and standards, outsourcing of the testing, inspection, and certification services, concern about product quality and safety, and globalization of the trade are driving the testing, inspection, and certification market.
... technology oriented firms to diversify the local area ... Facilitation of collaboration agreements between incubating firms and larger organizations. ...