Aerospace and Life Sciences Testing, Inspection, and Certification Market Trends

Aerospace and Life Sciences Testing, Inspection, and Certification Market size was valued at USD 34.6 Billion in 2023 and is poised to grow from USD 36.09 Billion in 2024 to USD 50.48 Billion by 2032, growing at a CAGR of 4.3% during the forecast period (2025-2032).

In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'SGS SA', 'Bureau Veritas S.A.', 'Intertek Group plc', 'Eurofins Scientific SE', 'ALS Limited', 'TÜV SÜD', 'Mérieux NutriSciences Corporation', 'DNV GL AS', 'UL LLC', 'Lloyd's Register Group Limited', 'Applus+', 'Element Materials Technology Ltd.', 'AsureQuality Limited', 'Exova Group Limited', 'NTS', 'British Standards Institution (BSI) Group', 'TÜV Rheinland AG', 'Kiwa NV', 'TUV Nord Group', 'NSF International'

In the life sciences industry, regulatory authorities for example the FDA and EMA place a significant emphasis on quality and safety of products. This puts pressure on manufacturers of medical devices/pharmaceuticals and other life science products to adhere to conventional regulatory standards such as testing, inspection, and certification. Some manufacturers in the life science industry have recalled products due to product contamination. Patients, physicians, and health authorities are greatly worried about standards of safety as a consequence of such product issues. This circumstance is expected to reinforce the need for TIC and stimulate the expansion of the TIC market in the Life sciences industry.

The growing number of contracts between the government and businesses in the aerospace and life sciences industries is opening up new opportunities for companies in this sector. However, aerospace companies are striving to enhance aircraft production through these contracts. 

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.