USD
GBP 
CNY 
EUR 
INR 
JPY 
MYR 
ZAR 
KRW 
THB 
Service Innovations and Adjacent Market Penetration Opportunities Enabled by 5G, IoT, AI/ML, and Environmental Sustainability Drive Transformational Growth
23-Dec-2020
Global
Market Research
K53F-01-00-00-00
TM00660-GL-MT_25093
In the global testing, inspection, and certification (TIC) market independent conformity assessments are carried out by regulatory bodies, accredited and certified third-party companies, and organizations. The TIC market represents conformity assessments of products, goods, operations, systems, and management, but not financial auditing.
This study analyzes the dynamics and market potential of outsourced third-party independent TIC companies and excludes in-house testing. The global TIC market is fragmented and intensely competitive, characterized by a few global players and numerous participants at the regional level.
Therefore, in an effort to subdue pricing pressure, TIC market participants resort to acquisitions. The majority of global TIC companies have acquired companies in the last couple of years. However, in 2019, a shift in strategy emerged that focuses on organic growth. This trend is likely to remain consistent during the study’s forecast period (2020-2025); although vertical-specific strategic activities will differ. For instance, companies serving capital asset-intensive markets will likely focus on operational expenditure (OPEX) to achieve sustained revenue, whereas companies serving consumer verticals will focus on enhancing lab capability and capacity in testing connected devices.
Vertical-specific dynamics dominate revenue contribution and growth in the outsourced third-party TIC market. The percentage of outsourcing differs by vertical. While penetration into in-house TIC poses significant challenges involving cost-effectiveness, the on-set of digital transformation should be leveraged to develop new service models and seize opportunity in the massive in-house TIC market. The market verticals covered in this research are: agri & food, automotive, chemicals, consumer goods and retail, construction, energy and power, heavy equipment, marine, mining, oil & gas, aerospace and rail, life sciences, and others.
Frost & Sullivan has combined primary and secondary research to provide a holistic view of the market, which is evaluated predominantly through a bottom-up approach. The research reveals market size; growth in the next 5 years, including the impact inflicted by the COVID-19 pandemic; revenue by type of service and sub-segment within verticals; and share analysis of top companies within each vertical. Finally, this study explores the various opportunities that TIC participants should consider to realize organic growth during the forecast period.
Key Issues Addressed
- What is the outsourced TIC market revenue?
- How did the market fare from 2016 to 2019?
- What impact will the COVID-19 pandemic have on TIC revenue?
- How long will it take to reach pre-COVID-19 levels?
- Which verticals have been resilient and which have been much affected by COVID-19?
- What is the long-term growth prospect provided by each vertical for varied services?
Author: Prabhu Karunakaran
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Testing, Inspection, and Certification Market
Growth Opportunities Fuel the Growth Pipeline Engine™
TIC Market Overview
Market Definition
TIC Market Segmentation
Key Competitors in TIC Market
Key Growth Metrics in TIC Market
Growth Drivers for TIC Market
Growth Driver Analysis for the TIC Market
Growth Driver Analysis for the TIC Market (continued)
Growth Driver Analysis in the TIC Market (continued)
Growth Driver Analysis for the TIC Market (continued)
Growth Driver Analysis for the TIC Market (continued)
Growth Restraints for the TIC Market
Growth Restraint Analysis for the TIC Market
Growth Restraint Analysis for the TIC Market (continued)
Growth Restraint Analysis for the TIC Market (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast Analysis (continued)
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Revenue Forecast Analysis by Service Type (continued)
Revenue Forecast by Vertical
Percent Revenue Forecast by Vertical
Percent Revenue Forecast Analysis by Vertical
Percent Revenue Forecast by Vertical (continued)
Revenue Growth Analysis by Vertical
Revenue Forecast Analysis by Vertical
Revenue Forecast Analysis by Vertical (continued)
Revenue Forecast Analysis by Vertical (continued)
Revenue Forecast by Region
Revenue Forecast Analysis by Region
Competitive Environment
Market Share Analysis
Market Share Analysis (continued)
Market Share Analysis (continued)
Key Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Application
Revenue Forecast Analysis by Application
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Market Share Analysis
Market Share Analysis (continued)
KEY Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Application
Revenue Forecast Analysis by Application
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Market Share Analysis
Market Share Analysis (continued)
Key Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Type of Vehicle
Revenue Forecast Analysis bY Type of Vehicle
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Market Share Analysis
Market Share Analysis (continued)
Key Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Application
Revenue Forecast Analysis by Application
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Market Share Analysis
Market Share Analysis (continued)
Key Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Market Share Analysis
Market Share Analysis (continued)
Key Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Market Share Analysis
Market Share Analysis (continued)
Key Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Market Share Analysis
Market Share Analysis (continued)
Key Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Application
Revenue Forecast Analysis by Application
Revenue Forecast Analysis by Application (continued)
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Market Share Analysis
Market Share Analysis (continued)
Key Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Market Share Analysis
Market Share Analysis (continued)
Key Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast Analysis (continued)
Revenue Forecast by Service Type
Revenue forecast Analysis by Service Type
Market Share Analysis
Market Share Analysis (continued)
Key Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Market Share Analysis
Market Share Analysis (continued)
Key Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast—Aaerospace
Revenue Forecast—Rail
Revenue Forecast Analysis
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Market Share Analysis
Market Share Analysis (continued)
Key Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Growth Opportunity 1—Technology Convergence Provides New Service Development Opportunities
Growth Opportunity 1—Technology Convergence Provides New Service Development Opportunities (continued)
Growth Opportunity 2—Sustainability Challenges Generate New Testing Opportunities
Growth Opportunity 2—Sustainability Challenges Generate New Testing Opportunities (continued)
Growth Opportunity 3—Service Transformation is Essential to Embrance Migration to Electric Vehicles
Growth Opportunity 3—Service Transformation is Essential to Embrace Migration to Electric Vehicles (continued)
Growth Opportunity 4—Market Entry into Cybersecurity Unfolds Service Development Capability in Software Testing
Growth Opportunity 4—Market Entry into Cybersecurity Unfolds Service Development Capability in Software Testing (continued)
Growth Opportunity 5—5g has Created Crossroads between Verticals that should be Capitalized By TIC Companies
Growth Opportunity 5—5g has Created Crossroads between Verticals that should be Capitalized by TIC Companies (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Appendix—Partial List of Companies in “Others”
Appendix—Partial List of Companies in “Others” (continued)
Appendix—Partial List of Companies in “Others” (continued)
Appendix—Partial List of Companies in “Others” (continued)
Speak directly with our analytics experts for tailored recommendations.
Recent related Test and Measurement Instrumentation research
04 Sep 2026 | Global | Technology Research
Growth Opportunities in Intralogistics Automation, Embodied Robotic Arms, Physical AI Training, Industrial AI, Service Robotics, Precision Farming Robots, and Laboratory Automation
The Advanced Manufacturing Technology Opportunity Engine provides profiles of innovations related to autonomous mobile robots (AMRs) enabling pallet and trolley transportation across dynamic intralogistics environments; compact 6-axis robotic systems supporting modular and flexible laboratory automa...
28 Aug 2026 | Global | Frost Radar
Frost Radar™: Wireless Network Performance Monitoring, 2026
Wireless network test equipment is used to evaluate wireless signals based on a variety of criteria, including network availability, connectivity, and utilization. The market includes equipment and solutions used to test and validate the integrity of cellular wireless networks. AI is becoming centra...
28 Aug 2026 | Global | Technology Research
Multimodal Sensor Fusion for Next-Generation Robotic Perception and Autonomous Systems
Multimodal sensor fusion is an advanced perception technology that combines data from multiple sensors, including cameras, LiDAR, radar, ultrasonic sensors, thermal cameras, and inertial measurement units (IMUs), to give robots and autonomous systems a more accurate, reliable, and comprehensive unde...
14 Aug 2026 | Global | Technology Research
Growth Opportunities in Safety PMIC, Digital Current Sensor, Thermal Measurement & Leak-Sensing System, Intelligent Sensors, AI-Enabled Imaging, SWIR, Radar, LiDAR, and 3D Sensing
The Sensor Technology Opportunity Engine provides profiles of innovations related to integrated safety power management IC (PMIC) technology with wheel-speed sensor interfaces enabling enhanced automotive safety, power management, and vehicle motion monitoring; precision digital current sensing with...
01 Aug 2026 | Global | Technology Research
Growth Opportunities in Cobot Gripping, Metal Depowdering, Home Robotics, Warehouse Execution Software, Fulfillment Software, and Machine-Tending Cobots
The Advanced Manufacturing Technology Opportunity Engine provides profiles of innovations related to cobot-enabled vacuum gripping technology supporting flexible pick-and-place automation across dynamic manufacturing environments; automated build-job depowdering systems improving metal additive manu...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Key Issues Addressed
- What is the outsourced TIC market revenue?
- How did the market fare from 2016 to 2019?
- What impact will the COVID-19 pandemic have on TIC revenue?
- How long will it take to reach pre-COVID-19 levels?
- Which verticals have been resilient and which have been much affected by COVID-19?
- What is the long-term growth prospect provided by each vertical for varied services?
Author: Prabhu Karunakaran
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Prabhu Karunakaran |
| Industries | Test and Measurement Instrumentation |
| WIP Number | K53F-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9404-A5,9594,9403,9426,99FA,9593,9408 |
Digital Transformation Powers the Global Testing, Inspection, and Certification Market
$4,950.00
Special Price $3,712.50 save 25 %