$8.1 billion in calibration services (in-house, OEM, third-party
DUBLIN, Sept. 04, 2023 (GLOBE NEWSWIRE) – “The Calibration Services Market by Proofreading (In-House, OEM, Third-Party Vendor), Application (Mechanical, Electrical, Dimensional, Thermodynamics), Application (Industrial & Automation), Electronics, aerospace and defence) and sectors – forecast up to 2030” has been added to the report researchandmarkets.com gift.
The global calibration services market is projected to grow from US$ 5.7 billion in 2023 to US$ 8.1 billion by 2030, registering a CAGR of 5.3%.
The calibration services market is characterized by its maturity and continued growth, with varying revenue growth across segments. Ensuring steady expansion of this market in the future depends on calibration service providers effectively raising awareness among end-user industries about the sustainable benefits of calibration services.
Notably, the North American region has exhibited substantial growth in the calibration services market, mainly attributed to its robust industrial landscape and stringent quality standards. Industries spanning aerospace, healthcare, automotive and manufacturing are becoming increasingly dependent on precision measurement to comply with regulatory requirements.
As technological advances lead to more complex instruments, the need for accurate calibration becomes paramount. In addition to technical prowess, North America’s commitment to innovation and adoption of precision manufacturing practices have contributed significantly to the calibration services sector.
With an unwavering focus on accuracy and compliance, the advanced infrastructure of the region enhances its role in furthering the expansion of the calibration services market. Furthermore, the increasing acceptance of calibration services in various applications including electronics, industrial automation, aerospace and defense and communication has fueled the growth trajectory of the market.
Market leaders such as Keysight Technologies (US), Hexagon AB (Sweden), Rohde & Schwarz (Germany), Tektronix, Inc. (US), and VIAVI Solutions Inc. (US) are industry leaders.
The third-party vendor proofreading segment is expected to hold a significant market share in the overall calibration services market
During the forecast period, the third-party vendor proofreading segment in the calibration market is expected to experience significant growth, driven by various factors.
Companies across a variety of industries are increasingly recognizing the critical role of precision calibration in maintaining compliance, quality and operational efficiency. As the complexity of instruments and equipment increases, the need for specialized expertise in proofreading calibration procedures becomes apparent. Third-party vendors provide unbiased and specialized services by addressing potential errors or inconsistencies that might otherwise be overlooked.
This outsourcing trend allows businesses to focus on their core functions while ensuring accuracy in calibration processes. As regulatory demands and technological advancements continue, the third-party vendor proofreading segment is poised for continued growth, contributing to the overall expansion of the calibration services market.
Electronics applications are expected to grow at a significant growth rate during the forecast period
Calibration services within the electronics manufacturing industry include calibration of final products, periodic calibration of structural machinery, and calibration upon completion of a specified operational use time. Given the vast nature of its operations, there is likely to be a great demand for calibration services in the electronic manufacturing industry.
Calibration services are frequently used in all electronic manufacturing plants to monitor routine activities and regulate equipment according to standard values. With the increasing trend in electronic manufacturing plants to use inspection services such as industrial radiography, phased array ultrasonic and X-ray computed tomography, the calibration of such test and measurement equipment has also become an important aspect of preventive maintenance within the industry.
Calibration services are essential in consumer electronics to ensure accurate and reliable functionality of equipment, maintain product quality and compliance with industry standards, and verify production processes. They play a vital role in enhancing user experience and building consumer confidence in electronic products.
Main characteristics:
| report attribute | Description |
| number of pages | 251 |
| forecast period | 2023 – 2030 |
| Estimated market value in 2023 (USD). | $5.7 billion |
| Estimated Market Value (USD) by 2030. | $8.1 billion |
| compound annual growth rate | 5.3% |
| covered area | global |
premium insight
- Increasing demand for accurate measurement and precision across various industries to propel the market
- The third-party vendor segment is anticipated to hold the largest market share during the forecast period
- The power sector will hold the largest market size during the forecast period
- Industrial and automation applications to hold the largest market share during the forecast period
- Asia-Pacific to hold the largest market share during the forecast period
market dynamics
the drivers
- Increasing demand for high quality inspection equipment in precision manufacturing
- Growing need for interoperability testing with growing adoption of IoT devices
- Strict government regulations to ensure product safety and environmental protection
- Growing trend of electronic devices
Compulsion
- Lack of skilled technicians to carry out calibration and maintenance tasks
- Higher competition due to increased price sensitivity
- Complications in calibration standards
opportunity
- Arrival of 5G technology and deployment of LTE and LTE-Advanced (4G) networks
- Rapid penetration of IoT devices
- Constant technological change and progress
the challenges
- Difficulties faced by vendors in keeping pace with the ever-changing technologies
- Emergence of electrical and electronic components with in-built self-calibration feature
technology analysis
- Commercialization of IoT Technology
- Connecting the CMM with the Industrial Internet of Things (IIoT)
- Smart In-line CT Inspection System
- Artificial Intelligence in Industrial Metrology
- 3D measurement sensor
- smart sensor
- video measurement system
case study analysis
- Keysight Technologies Showcases Its N5244B Pna Network Analyzer for Developing 5G Antenna Modules
- Samsung Foundry adopts Keysight E4727B advanced low-frequency noise analyzer to measure and analyze flicker noise
- Xpho Inc. Provides Ox1 for Converged ICT Solutions That Simplify Troubleshooting
Company Profile
key players
- Keysight Technologies
- hexagon ab
- rohde and schwarz
- Tektronix, Inc.
- Viavi Solutions Inc.
- Omega Engineering, Inc.
- Renishaw plc.
- Treskel, Inc.
- micro precision calibration
- Octagon Precision India Pvt. Ltd
- tanson instrument
- msi viking
other players
- Mitutoyo Corporation
- Master Gauge & Tool Company
- Pratt & Whitney Measurement Systems, Inc.
- Advantest Corporation
- national equipment corporation
- Anritsu
- Kolb & Baumann GmbH & Co. KG.
- Finemas Suhl GmbH
- Tessa Brown and Sharpe (part of Hexagon Ab)
- metlar toledo
- Testo SE & Co. KGaA
- Tradeinco Instruments
- TGCI Group
- mahr gmbh
- Esco Calibration Laboratory
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- Global Calibration Services Market
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