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8.1 INTRODUCTION
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8.2 CONSUMER GOODS & RETAIL
PERSONAL CARE & BEAUTY PRODUCTS
- Constantly developing regulatory landscape for personal care and beauty products to drive TIC market
HARD GOODS
- Proliferation of advanced technologies in manufacturing of hard goods to boost demand for TIC services
SOFTLINES & ACCESSORIES
- Rising demand for quality and durability checks in textiles and footwear industries to drive market
TOYS & JUVENILE PRODUCTS
- Expanding list of banned and restricted substances used for making toys and juvenile products to boost demand for TIC services
ELECTRICAL & ELECTRONICS
- Rapid technological innovations in consumer electronics to culminate into heightened demand for testing and certification
OTHER CONSUMER GOODS & RETAIL APPLICATIONS
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8.3 AGRICULTURE & FOOD
SEEDS & CROPS
- Growing importance of seed and crop quality assessments and seed certifications to drive segment
FERTILIZERS
- Growing emphasis on ensuring safety, efficacy, and sustainability of fertilizers to drive TIC market
COMMODITIES
- Need to certify sustainability credentials of agricultural commodities to augment adoption of TIC services
FOOD
- Increasing demand for certified food products and globalization of food trade to boost requirement for TIC services
MEAT
- Increasing complexity of meat agriculture operations and need to verify safety of meat products to lead to reliance on TIC services
FORESTRY
- Growing focus on sustainability and responsible forest management practices to drive adoption of TIC services
OTHER AGRICULTURE & FOOD APPLICATIONS
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8.4 CHEMICAL
ASSET INTEGRITY MANAGEMENT SERVICES
- Increasing complexity of equipment and infrastructure to lead to requirement for asset integrity management services
PROJECT LIFECYCLE SERVICES
- Manufacturers’ focus on ensuring integrity, safety, and reliability of industrial facilities to boost demand for project lifecycle services
FINISHED PRODUCT SERVICES
- Growing concerns for consumer safety and quality of products to lead to adoption of finished product services
CHEMICAL FEEDSTOCK SERVICES
- Increasing emphasis on safety, quality, and sustainability in chemicals industry to drive segmental growth
OTHER CHEMICAL APPLICATIONS
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8.5 CONSTRUCTION & INFRASTRUCTURE
PROJECT MANAGEMENT SERVICES
- Need to design, construct, and manage buildings and infrastructures efficiently to drive market
MATERIAL SERVICES
- Imperative to ensure performance of construction materials to drive adoption of material services
CONSTRUCTION MACHINERY & EQUIPMENT SERVICES
- Growth of construction industry worldwide to drive segment
FACILITIES MANAGEMENT & INSPECTION SERVICES
- Need to monitor and ensure safety of facilities to boost adoption of facilities management and inspection services
OTHER CONSTRUCTION & INFRASTRUCTURE APPLICATIONS
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8.6 ENERGY & POWER
ENERGY SOURCES
- Need to ensure cost-efficient and safe availability of energy sources to drive demand for TIC services
- Nuclear
- Wind
- Solar
- Alternative fuels
- Fuel oil & gases
- Coal
POWER GENERATION
- Increasing emphasis on safety and reliability in power generation to necessitate comprehensive testing and inspection
POWER DISTRIBUTION
- Rising focus on ensuring continuous and stable operations of power distribution networks to drive segmental growth
ASSET INTEGRITY MANAGEMENT
- Growing focus on maintaining structural integrity, reliability, and performance of assets to drive segmental growth
PROJECT LIFECYCLE MANAGEMENT
- Rising emphasis on regulatory compliance and quality assurance throughout project phases to drive segment
OTHER ENERGY & POWER APPLICATIONS
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8.7 INDUSTRIAL & MANUFACTURING
SUPPLIER-RELATED SERVICES
- Increasing emphasis on supply chain resilience and risk management to drive segmental growth
PRODUCTION- AND PRODUCT-RELATED SERVICES
- Increasing importance of quality, conformity, and safety of industrial products to drive demand for TIC services
PROJECT-RELATED SERVICES
- Growing need to reduce technical risks, minimize errors, and control budgets to boost demand for project-related services
OTHER INDUSTRIAL & MANUFACTURING APPLICATIONS
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8.8 MEDICAL & LIFE SCIENCES
MEDICAL DEVICES
- Need to ensure compliance with different regulations and standards in various markets worldwide to fuel demand for TIC services
HEALTH, BEAUTY, AND WELLNESS
- Rising concerns over safety and efficacy of health and beauty products to boost demand for TIC services
CLINICAL SERVICES
- Growing need to outsource drug development activities to specialized service providers to drive TIC market
LABORATORY SERVICES
- Strict regulations imposed on biopharmaceutical products to induce demand for TIC services
BIOPHARMACEUTICAL & PHARMACEUTICAL SERVICES
- Growing stringency of regulatory requirements for pharmaceutical and biopharmaceutical industries to drive market
OTHER MEDICAL & LIFE SCIENCES APPLICATIONS
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8.9 MINING
INSPECTION & SAMPLING
- Need to ensure compliance of shipments with international standards and customer specifications to drive adoption of TIC services
ANALYTICAL SERVICES
- Growing focus on resource optimization and regulatory compliance to propel adoption of analytical services
EXPLORATION SERVICES
- Growing demand for reliable and accurate data in mining to propel adoption of TIC services
METALLURGY & PROCESS DESIGN SERVICES
- Need to reduce metallurgy-related operational risks to fuel adoption of TIC services
PRODUCTION & PLANT SERVICES
- Need to assess structural integrity of mining infrastructure to prevent accidents to propel demand for TIC services
SITE OPERATION & CLOSURE SERVICES
- Need to mitigate environmental risks and ensure regulatory compliance to encourage adoption of TIC services
PROJECT RISK ASSESSMENT & MITIGATION SERVICES
- Need to ensure compliance with stringent safety and environmental regulations to drive testing, inspection and certification market
OTHER MINING APPLICATIONS
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8.10 OIL & GAS AND PETROLEUM
UPSTREAM
- Increasing exploration and production of oil and gas in challenging environments to necessitate adoption of TIC services
DOWNSTREAM
- Increasing complexity of downstream operations to propel demand for TIC services
BIOFUELS AND FEEDSTOCK
- Rising need to control and manage supply chain of biofuels to drive testing, inspection and certification (TIC) market
PETROCHEMICALS
- Growing focus on mitigating risks associated with petrochemicals to boost adoption of TIC services
ASSET INTEGRITY MANAGEMENT
- Rising emphasis on minimizing risks associated with asset failure to augment adoption of TIC services
PROJECT LIFECYCLE
- Need to enhance operational efficiency and safety across all phases of oil & gas projects to drive TIC market
OTHER OIL & GAS AND PETROLEUM APPLICATIONS
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8.11 PUBLIC SECTOR
PRODUCT CONFORMITY ASSESSMENT SERVICES
- Focus on mitigating risks of goods rejection to fuel demand for TIC services
MONITORING SERVICES
- Need to monitor consignments under customs control and verify due diligence to boost demand for TIC services
VALUATION SERVICES
- Focus on reducing risk of fraud and building confidence between importers and exporters to boost demand for TIC services
OTHER PUBLIC SECTOR APPLICATIONS
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8.12 AUTOMOTIVE
ELECTRICAL SYSTEMS AND COMPONENTS
- Increasing complexity of automotive electrical systems and components to give rise to requirement for testing
ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS
- Need to identify potential defects impacting performance and safety of electric vehicles and battery systems to augment demand for TIC services
TELEMATICS
- Integration of communication technologies and informatics in vehicles to create demand for TIC services
FUELS, FLUIDS, AND LUBRICANTS
- Requirement for effective functioning of engines to lead to adoption of testing services
INTERIOR & EXTERIOR MATERIALS AND COMPONENTS
- Emphasis on improving performance of interior and exterior materials and automotive components to drive market
VEHICLE INSPECTION SERVICES (VIS)
- Growth of used cars market to fuel demand for inspection services
HOMOLOGATION TESTING
- Need to meet rising number of regulatory requirements in specific countries or regions to boost demand for homologation testing
OTHER AUTOMOTIVE APPLICATIONS
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8.13 AEROSPACE
SERVICES FOR AIRPORTS
SERVICES FOR AVIATION
SERVICES FOR AEROSPACE
AEROSPACE MANUFACTURING SERVICES
- Focus on reducing risk of costly failures and downtime to boost demand for aerospace manufacturing services
AVIATION MANAGEMENT SERVICES
- Imperative to reduce risks of accidents and increase reliability of operations to boost demand for TIC services
OTHER AEROSPACE APPLICATIONS
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8.14 MARINE
MARINE FUEL SYSTEM AND COMPONENT SERVICES
- Need to identify potential hazards and ensure safety and reliability of equipment used in marine industry to drive market
SHIP CLASSIFICATION SERVICES
- Increasing stringency of safety and environmental regulations for ships to propel demand for TIC services
MARINE MATERIAL & EQUIPMENT SERVICES
- Growing need for safe and efficient maritime transportation and pollution prevention to drive segmental landscape
OTHER MARINE APPLICATIONS
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8.15 RAILWAY
RAIL CONSTRUCTION & PRODUCTION MONITORING
- Adoption of drone technology for railway construction and production monitoring applications to drive TIC market
INFRASTRUCTURE MANAGEMENT
- Need to ensure safe functioning of railway infrastructure and compliance with standards to boost demand for TIC services
OTHER RAILWAY APPLICATIONS
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8.16 SUPPLY CHAIN & LOGISTICS
PACKAGING & HANDLING
- Growing demand for sustainable packaging solutions to boost requirement for rigorous testing and certification
RISK MANAGEMENT
- Intensifying need to mitigate risks amidst growing complexity and globalization of supply chains to drive market
OTHER SUPPLY CHAIN & LOGISTICS APPLICATIONS
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8.17 IT & TELECOMMUNICATION
TELECOMMUNICATION & IT INFRASTRUCTURE EQUIPMENT
- Increasing complexities and diversity of communication equipment to necessitate testing
MODULES & DEVICES
- Need to meet regulatory requirements for commercialization to boost testing of modules and devices
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8.18 SPORTS & ENTERTAINMENT
SPORTS VENUES & FACILITIES
- Rise in crowd-related accidents in sports grounds to boost demand for sports field testing
SPORTING GOODS & PROTECTIVE EQUIPMENT
- Critical importance of safety and quality in sports goods and protective equipment to boost demand for TIC services
Lim
Dec, 2022
Interested in New/emerging areas of testing in line with new/emerging technologies .