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Aerospace & Life Science Testing Certification Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023

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Aerospace and life science testing certification is an extremely important activity in the service industry. Testing and certification helps the manufacturers to meet the quality standards both internally and externally. Testing assures the end user that manufacturers have followed all the rules and regulations and maintained standards while manufacturing. Testing and inspection ensures that the products have met the specific standards. Certification is used to certify that a specific product met the basic standards. These standards are fixed by government and different standardization institutions. Based on application testing and certification market is segmented into aerospace and life science. Aerospace market is further segmented into airframes, rotor systems, avionics, passenger service unit and lightning. Life science market is further subdivided into environment, pharmaceutical, personal care, food and agriculture. Strict regulatory norms are acting as a prime driver for aerospace and life science testing certification market. Aerospace and life science testing certification service is providing more advanced security solution for the industry due to increased use of modern technology and effective communication. Quality of service, reliability and enhanced inspection along with proper safety standards are the key factors on which aerospace and life science testing certification depends. There is a substantial growth security and safety standards in aviation due to some major air crash incident which took place in recent past. The factors responsible for some of these crashes were structural failure or aircrafts which occurred due to faulty avionics, or blades or problem in aircraft engine system. Testing and certification helps to avoid such incidents as the faults are detected while in the testing phase and certification is given only after the aircrafts pass the certification tests.

Asia-Pacific is the most attractive region for aerospace and life science testing certification market. Strict regulatory norms in the Asia-pacific region is  mainly driving the aerospace and life science testing certification market as safety standards are being increase in different countries of Asia pacific. In addition, awareness among the end-users is also driving the aerospace and life science testing certification market in this region as consumers have become more cautious about their own safety in every aspect and depends on those equipments which are certified only. Outsourcing of testing and certification services is another factor which is further driving the aerospace and life science testing certification market. Thus increase in productivity and less time consumption without compromising on cost drives the market. Escalating demand for flight safety and enhanced security features in the emerging countries like India and China is also driving the aerospace and life science testing certification market. The North America and Europe market for aerospace and life science testing certification is expected to grow at a steady pace over the forecast period. Steady recovery from the recent economic meltdown is responsible for the growth of business activities and service industry in North America which is driving the market for aerospace and life science testing certification in the region. The aerospace and life science testing certification market in Europe is mainly driven by enhanced security features and strict certification standards. Thus the market is expected to continue its growth at a steady pace over the forecast period. Europe market faced steep challenge in the recent economic meltdown and is recovering at a steady pace which also in turn increased the demand for aerospace and life science testing certification market due to betterment of economic scenario.

Some of the key participants in the industry include BSI Group, Bureau Veritas, Dayton T. Brown Inc., Dekra Certification GmbH, ALS Global, Eurofins Scientific, ASTM International, Exova, and Intertek Group PLC among others.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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