Testing, Inspection and Certification (TIC) Market is Worth $50.44 Billion by 2020

DALLAS, February 19, 2015 /PRNewswire/ --

According to a new market research report "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", published by MarketsandMarkets, 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.

Browse 69 market data tables and 50 figures spread through 170 pages and in-depth TOC on  "Testing, Inspection and Certification (TIC) Market".

http://www.marketsandmarkets.com/Market-Reports/certificate-testing-market-32924426.html

Early buyers will receive 10% customization on this report. 

The testing, inspection and certification services help the manufactures meet the global standards and enhance the quality of the products. Moreover, these services assure the consumers and end-users that manufactures have followed the international standards and regulations. Testing, inspection and certification is a service industry where the people, flexibility, workflow, and IT systems play a major role, therefore this industry is not capital intensive.

New regulations and standards have led to the growth of the Testing, Inspection and Certification Market and created a new market opportunity for the players in the TIC market. Different regulations and standards across various regions are impacting the growth of the Testing, Inspection and Certification Market. The life sciences application in the TIC market is witnessing the highest growth rate due to the rising awareness regarding product quality and safety among the consumers.

The report provides a detailed segmentation by application and geography. The TIC market has been segmented based on application into aerospace and life sciences. The market based on aerospace is segmented into airframes, avionics, rotor systems, passenger service units (PSUs), interior & exterior lighting, and others. The market based on life sciences is segmented into healthcare, agriculture & food, pharmaceutical, medical devices, personal care, environmental, and others.  This report provides qualitative and quantitative industry insights pertaining to the various applications in the TIC market.

One of the objectives of the report was to analyze the market trends for all the segments of the Testing, Inspection and Certification (TIC) Market along with, forecasting their respective growth rates. Apart from market segmentation, the report also provides an in-depth analysis such as the Porters' Five Forces analysis, in addition to illustrating the supply chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the Testing, Inspection, and Certification Market.

Speak to Analyst:http://www.marketsandmarkets.com/speaktoanalyst.asp?id=32924426

The Testing, Inspection and Certification Market has been segmented based on geography into four regions, namely - North America, Europe, APAC, and Rest of the World (RoW). The report also estimates the market-size of the said regions. Europe is estimated to account for the major share of the Testing, Inspection and Certification Market, followed by North America and APAC. Moreover, the APAC market for testing, inspection, and certification is expected to grow at a high rate.

Browse related reports 

Non-destructive Testing Market by Technology (Visual, Magnetic Particle, Electromagnetic, Liquid Penetrant, Radiography, Ultrasonic) & Application (Aerospace, Defense, Automotive, Oil & Gas, Infrastructure, Power Generation) - Global Trends & Forecasts to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/nondestructive-testing-market-257342201.html

Medical Electronics Market by Component (Sensor, Battery, Memory Device, Display, & Microprocessor/MCU), by Application (Imaging, Medical Therapeutics, Diagnosis, Monitoring, and Fitness & Wellness), and by Geography - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/medical-electronics-market-104528355.html

 About MarketsandMarkets  

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Subscribe Reports from Semiconductor Verticalhttp://www.marketsandmarkets.com/Subscription.html

Contact: 
Mr. Rohan
North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets