![Global Aerospace and Life Sciences Testing, Inspection, and Certification Market](https://res.cloudinary.com/devmoveo/image/upload/v1674447492/skyquest/gallery/Global-Aerospace-and-Life-Sciences-Testing-Inspection-and-Certification-Market.jpg)
Report ID: SQMIG20A2095
Report ID:
SQMIG20A2095 |
Region:
Global |
Published Date: February, 2024
Pages:
211
|
Tables:
88 |
Figures:
76
North America is expected to dominate and hold the largest share of the global aerospace and life sciences TIC market throughout the forecast period due to its large manufacturing capacities. Moreover, the progress of medical devices and manufacturing companies contribute to the augmentation of the life sciences industry, further propelling the growth of the aerospace and life sciences TIC market during the forecast period.
During the forecast period, Asia Pacific is expected to grow significantly due to the contributions of various countries in the region which includes India, China, Japan, Korea, and others; and is also expected to witness the fastest growth (2022–2028). Factors such as the government's robust assistance for the growth of the aviation industry, an increase in the number of aviation passengers, enhanced initiatives to endorse innovative research and enlarge professional networks, continuing to expand partnership programs, a boost in the amount of small and medium-sized enterprises (SMEs) in the aerospace industry, soaring funds/investments in life sciences, rapid economic development and an enhanced regulatory system, and an increase in demand for low-cost and premium services are all making contributions to this trend.
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REQUEST FREE CUSTOMIZATIONAerospace and Life Sciences Testing, Inspection, and Certification Market size was valued at USD 33.17 billion in 2019 and is poised to grow from USD 34.6 billion in 2023 to USD 48.4 billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024-2031).
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Report ID: SQMIG20A2095