Global Testing, Inspection and Certification Market is estimated to reach $351 billion by 2024; growing at a CAGR of 5.5% from 2016 to 2024. Testing, inspection, and certification (TIC) services are majorly used in food & beverages sector to test the quality of food products to improve productivity and preserve consumers’ health. Various industries such as oil and gas, food and beverages, aerospace, textile and automotive are anticipated to pose a huge demand for TIC services in the near future.
Testing, inspection, and certification is a service industry wherein, people, flexibility, workflow, and IT systems play a major role due to which, this industry is not capital intensive
Testing, Inspection, and Certification Market with Covid-19 Impact Analysis by Service Type (Testing, Inspection, and Certification), Sourcing Type (In-house, Outsourced), Application and Geography - Global Forecast to 2027
Testing, Inspection and Certification Market with COVID-19 Impact Analysis by Service Type (Testing, Inspection, Certification), Sourcing Type (In-House, Outsourcing), Application and Geography
Global automotive testing, inspection and certification market size is expected to reach $24.03 Bn by 2028 at a rate of 3.2%, segmented as by service type, testing services, inspection services, certification services, other services
According to Persistence Market Research, the Testing, Inspection, and Certification market is projected to reach US$ 249.7 billion in revenue by 2023, growing from US$ 238.06 billion in 2022. Driven by demand from the oil & gas, food and agriculture, consumer and retail, and industrial sectors, the market is expected to expand at a CAGR of 5.4%, reaching US$ 422.6 billion by 2033. To sustain this growth, effective waste management, eco-friendly markets, and policies are essential, as governments impose stricter norms and standards globally. In 2022, the top three countries held a collective market share of 30.1%.
Advent of new technologies, increasing health safety measure, stringent environment norms have changed the entire industry outlook entirely with respect to the compliance of norms and regulations which ensure the safety of the individual, machines, buildings, etc. TIC plays a significant role to ensure products, infrastructure, services are met with the suggested standards and regulations in terms of safety and quality.
The global testing, inspection, and certification market size was USD 205.2 billion in 2020 and estimated to grow USD 282.9 billion by 2027, at a CAGR of 5.5% from 2021 to 2027.
Testing, Inspection and Certification Market by Service (Testing, Inspection, Certification), Sourcing Type (In-House and Outsourced), Application (Consumer Goods and Retail, Construction and Infrastructure), and Geography
The global Electric Vehicle (EV) Testing, Inspection, and Certification (TIC) market size is expected to reach USD 1,938.4 Million in 2028 and register a revenue CAGR of 14.2% over the forecast period, according to the latest report by Emergen.
Global Testing, Inspection and Certification Market is estimated to reach $92.2 billion by 2024 from $57.6 billion in 2016 ; growing at a CAGR of 6.1% from 2016 to 2024
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The Global Testing, Inspection, And Certification TIC For Mining Market witnessed a rapid growth in the historic period from 2016 to 2019 and is anticipated to witness significant growth during the forecast period.
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
Geographically, global Testing, Inspection, and Certification market are divided as North America, Europe, Asia-Pacific, and Latin America, the Middle East & Africa.
The global Electric Vehicle (EV) Testing, Inspection, and Certification (TIC) market size is expected to reach USD 1,938.4 Million in 2028 and register a revenue CAGR of 14.2% over the forecast period, according to the latest report by Emergen.
The testing, inspection, and certification (TIC) services market size is expected to cross USD 300 billion by 2030. The growing rate of urbanization in both developed and developing economies has led to an increase in infrastructural requirements, leading to a rise in the demand for TIC solutions.
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
Testing Inspection and Certification (TIC) market players are focusing towards expanding their geographical presence in emerging markets. They are expanding their portfolio and geographical reach through acquisitions and expansion strategies. Emerging markets have been witnessing an increasing demand for TIC services.
The testing, inspection, and certification (TIC) services market size is expected to cross USD 300 billion by 2030. The growing rate of urbanization in both developed and developing economies has led to an increase in infrastructural requirements, leading to a rise in the demand for TIC solutions.
The global textile testing, inspection and certification market (TIC) is expected to reach USD 7,221.01 Million by 2020, at an estimated CAGR of 4.6% between 2015 and 2020. The textile TIC market is expected to be driven by introduction of new regulations and standards in the textile sector, technological innovations in the textile sector, and increase in the worldwide trading of textiles. Additionally, the market for textile certification is expected to grow at the highest CAGR of 8.1% during the forecast period due to the increase in trading of textiles.
The Textile Testing, Inspection and Certification (TIC) Market is expected to reach $7,221.01 million by 2020, growing at a CAGR of 4.6% between 2015 and 2020. https://www.marketsandmarkets.com/Market-Reports/textile-testing-inspection-certification-market-113497801.html
Request Sample of Report @ http://bit.ly/2DDde1G The TIC market is segmented based on service type, sourcing type, and application. By service type, the market is classified into testing services, inspection services, and others, which include training, consulting, auditing, project management, and asset integrity management services. Rising instances of product recall owing to the surge in use of sub-standard materials and faulty components are driving the growth of testing service segment.
Read here the latest updates on the Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market Analysis published by CMI team
Asia Testing Inspection and Certification (TIC) Services Market Size to surpass USD 85 Billion By 2026.The APAC TIC service market is gaining traction owing to the increasing demand for testing services to ensure effective interoperability of connected devices in this region. Furthermore, the rise in trend of automated testing enables fast reliable and cost-effective automated interoperability testing, which helps businesses to create better connected products. Testing of hardware helps manufacturers to ensure that a device is working properly, perfectly fits in body of the target demographic and also make sure that it is compatible with other devices needed to run the simulation.
Global Testing, Inspection, Certification Market Size 2017 by Type (Testing, Inspection, Certification), by Source (In-house, Outsourced) by Application (Consumer Goods, Food & Agriculture, Oil & Gas, Construction, Chemicals, Mining, Machinery, Transportation, Automotive, Power Generation, Government Services, Marine, Healthcare, Others (Finance, Process, etc.), by Region and Forecast 2018 to 2025
Global Testing Inspection and Certification Market Analysis & Forecast to 2023 provide detailed analysis of the market structure, along with forecast of the various segments and sub-segments of the (TIC) market.
The global testing, inspection and certification (TIC) market is extremely valued. Globalization and execution of standard rules and regulations in product safety and efficiency are driving its development.
Testing, Inspection and Certification (TIC) is a process performed to ensure that the manufactured products, component, component systems are adequate for the intended purpose
Management System Certification Market with COVID-19 Impact Analysis by Certification Type (Product Certification and Management System Certification), Service Type, Verticals, and Region
Management System Certification Market with COVID-19 Impact Analysis by Certification Type (Product Certification and Management System Certification), Service Type, Verticals, and Region - Global Forecast to 2026
EMC market is growing at a CAGR of 5.4%, from USD 2.1 billion in 2019 to USD 2.8 billion by 2024; the global market size estimation is provided from 2016 to 2024. One of the primary reasons for this rise in demand is the increasing need for safety, owing to factors such as the standardization of electronic products globally, mandatory EMC testing of medical equipment, and increase in the brand proposition of the companies.
The Global Electric Vehicle Testing, Inspection, and Certification Market is projected to grow at a CAGR of around 15.21% during the forecast period, i.e., 2021-26, says MarkNtel Advisors.
Global drone inspection and monitoring market size reached USD 9.80 Billion in 2021 and is expected to register a revenue CAGR of 15.8% during the forecast period, according to latest analysis by Emergen Research. Drone inspection methods are becoming increasingly popular over traditional approaches, which is one of the key factors driving market revenue growth.
The Orthodox Kosher Supervision India (OKS INDIA) is the leading kosher certification company in India It has a worldwide recognition as well as international alliances. We have a team of best qualified professionals to provide kosher certification / kosher supervision services in India and the worldwide also, which is possible in their care at the reasonable price. Our Rabbi having great experience over 30 years and good reputation of his name, in the field of Issuing Kosher certification according to the Law of Kashrut, and our Rabbi an expert for kosher food industry and kosher ingredients. Under their guidance we are certified agency with unbending inspection. In India we have our Head office in New Delhi.
Global drone inspection and monitoring market size reached USD 9.80 Billion in 2021 and is expected to register a revenue CAGR of 15.8% during the forecast period, according to latest analysis by Emergen Research. Drone inspection methods are becoming increasingly popular over traditional approaches, which is one of the key factors driving market revenue growth.
Global drone inspection and monitoring market size reached USD 9.80 Billion in 2021 and is expected to register a revenue CAGR of 15.8% during the forecast period, according to latest analysis by Emergen Research.
The electronic security market in India has recorded revenue worth INR ~ million in FY'2010, which grew at a rate of over ~% during FY'2011, amounting to INR ~ million. Number of property crime cases augmented from ~ in 2012 to ~ during 2014
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.