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The calibration services market size is forecast to increase by USD 1.79 billion and is estimated to grow at a CAGR of 5.54% between 2023 and 2028. The market is experiencing significant growth, driven by stringent regulations related to product safety, quality, and compliance in various industries. Vendors are responding to this demand by launching new calibration solutions, including advanced technologies such as wireless and remote calibration. However, the market faces challenges, including a shortage of skilled calibration professionals, which can hinder market growth. To mitigate this, companies are investing in training programs and partnerships with educational institutions to develop a skilled workforce. Additionally, the increasing adoption of Industry 4.0 and the Internet of Things (IoT) in manufacturing processes is creating new opportunities for calibration services providers, particularly in the areas of predictive maintenance and real-time monitoring. Overall, the market is expected to continue growing, driven by regulatory requirements and the increasing importance of precision and accuracy in manufacturing processes.
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The Market encompasses various industries such as 5G technology, autonomous vehicles, augmented reality, virtual reality, precision manufacturing, aerospace and defense, oil and gas, power generation, chemicals, water, and more. Calibration services play a crucial role in ensuring the accuracy and reliability of measuring instruments used in these industries. Inhouse calibration and calibration management software are essential tools for maintaining the calibration of analog multimeters, calipers, chart recorders, clampon ammeters, data loggers, dial indicators, digital multimeters, force gauges, micrometers, and other calibration equipment. Electrical calibration is vital for electronics manufacturing, while military calibration services cater to the unique requirements of the defense sector. Transmitter Test software is another important tool used in calibration processes. The market for calibration services is expected to grow significantly due to the increasing demand for precision and accuracy in various industries. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Stringent regulations related to product safety, quality, and compliance is notably driving the market growth. Calibration services play a crucial role in ensuring the accuracy and reliability of various measurement devices and systems across diverse industries. With the advent of advanced technologies such as 5G, Autonomous vehicles, Augmented reality, and Virtual reality, the demand for precise calibration solutions is on the rise.
Moreover, precision manufacturing sectors like Aerospace and defense, Oil and gas, Power generation, Chemicals, Water, Telecommunications, Semiconductors, Healthcare, and Life sciences heavily rely on calibration services to maintain the quality of their products and adhere to regulatory requirements. Thus, such factors are driving the growth of the market during the forecast period.
Launch of new calibration solutions by companies is the key trend in the market. Calibration services play a crucial role in ensuring the accuracy and reliability of various measurement instruments and devices across diverse industries. With the advent of advanced technologies such as 5G, Autonomous vehicles, Augmented reality, and Virtual reality, the demand for precise calibration solutions is surging.
Moreover, precision manufacturing sectors like Aerospace and defense, Oil and gas, Power generation, Chemicals, Water, Telecommunications, Semiconductors, Healthcare, and Life sciences heavily rely on calibration services to maintain the quality of their products and adhere to regulatory requirements. Calibration services encompass various types of measurement devices such as heat, pressure, temperature, optical, electrical, photoelectric, and more. Original Equipment Manufacturers (OEMs) often require third-party calibration to ensure their self-calibrated devices meet the desired tolerances. Thus, such trends will shape the growth of the market during the forecast period.
Shortage of skilled calibration professionals is the major challenge that affects the growth of the market. Calibration services play a crucial role in ensuring the accuracy and reliability of various measuring instruments and devices used across diverse industries. With the advent of advanced technologies such as 5G, Autonomous vehicles, Augmented reality, and Virtual reality, the demand for precise calibration solutions is on the rise.
Moreover, precision manufacturing sectors like Aerospace and defense, Oil and gas, Power generation, Chemicals, Water, Telecommunications, Semiconductors, Healthcare, and Life sciences heavily rely on calibration services to maintain the required quality standards and adhere to regulatory requirements. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd: The company offers calibration services such as ABBs art FLOW calibration facilities and others.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The electrical segment is estimated to witness significant growth during the forecast period. Calibration services play a crucial role in ensuring the accuracy and reliability of various industries' equipment and devices. With the emergence of advanced technologies such as 5G, Autonomous vehicles, Augmented reality, and Virtual reality, the demand for precise calibration solutions has surged.
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The electrical segment was the largest segment and was valued at USD 2.07 billion in 2018. Moreover, precision manufacturing sectors like Aerospace and defense, Oil and gas, Power generation, Chemicals, Water, Telecommunications, Semiconductors, Healthcare, and Life sciences heavily rely on calibration services to maintain quality standards and adhere to regulatory requirements. Calibration services encompass various types of devices, including heat, pressure, temperature, optical, electrical, photoelectric, and more. Hence, such factors are fuelling the growth of this segment during the forecast period.
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APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Calibration services play a crucial role in ensuring measurement accuracy and quality assurance across various industries, including aerospace, manufacturing, energy and utilities, electronics manufacturing, biotechnology, and communication. Calibration equipment such as force gauges, micrometers, oscilloscopes, signal analyzers, spectrum analyzers, optical power meters, network analyzers, power analyzers, soldering stations, voltage meters, and digital multimeters are essential for maintaining the precision of instruments used in these sectors. Hence, such factors are driving the market in APAC during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Calibration services play a crucial role in ensuring the accuracy and reliability of various industries' equipment and instruments. With the advancement of technologies like 5G, Autonomous vehicles, Augmented reality, and Virtual reality, the demand for calibration services is surging in sectors such as Precision manufacturing, Aerospace and defense, Oil and gas, Power generation, Chemicals, Water, Telecommunications, Semiconductors, Healthcare, and Life sciences. Calibration services involve the process of testing and adjusting instruments to meet specific Quality standards and Regulatory requirements. Original Equipment Manufacturers (OEMs) and Third-party calibration providers offer calibration solutions for various types of devices, including self-calibrated ones. Calibration labs provide in-house calibration services for instruments that measure parameters like heat, pressure, temperature, optical, electrical, photoelectric, and more. Instruments like analog multimeters, calipers, chart recorders, clampon ammeters, data loggers, dial indicators, digital multimeters, and more require regular calibration to maintain their accuracy. Calibration devices, such as built-in self-calibration features, help ensure that instruments remain accurate over time. Calibration solutions cater to various industries and their unique needs, ensuring that their equipment remains compliant with industry tolerances and regulatory requirements.
Market Scope |
|
Report Coverage |
Details |
Page number |
210 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.54% |
Market growth 2024-2028 |
USD 1.79 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.36 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 42% |
Key countries |
US, China, Germany, UK, Japan, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Beamex Oy AB, Bureau Veritas SA, Endress Hauser Group Services AG, ESSCO Calibration Laboratory, Eurofins Scientific SE, Fluke Corp., Hexagon AB, Intertek Group Plc, Keysight Technologies Inc., Micro Precision Calibration, Mitutoyo America Corp., National Instruments Corp., Omega Engineering Inc., Pratt and Whitney Measurement Systems, Inc., Rohde and Schwarz GmbH and Co. KG, SGS SA, Siemens AG, SIMCO Electronics, Tektronix Inc., Transcat Inc., Trescal International SAS, and Viavi Solutions Inc. |
Market dynamics |
Parent market analysis, market report , market forecast , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Additional Value/Volume Data
7 Five Forces Analysis
8 Market Segmentation by Service Type
9 Market Segmentation by Service
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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