The Global Calibration Services Market size is expected to reach $7.9 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period.
Industries are placing a strong emphasis on quality assurance and quality control to ensure the reliability and safety of their products. Therefore, the Industrial & Automation segment is registering around 35% share in the market by 2030. Calibration services play a crucial role in maintaining quality standards and preventing defects. As industries increasingly adopt automation and digitalization, the need for accurate measurements and control systems has grown. Calibration services are essential for maintaining the accuracy of sensors, controllers, and other automation components.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In July, 2023, National Instruments Corporation is adding capabilities to its flagship product LabVIEW, which would allow engineers in their utilization of test insights and data to run product and business performance. Additionally, In March, 2023, Rohde & Schwarz introduced a new R&S EPL1000 EMI test receiver for reliable certification measurements with minimum test times at EMV 2023 Stuttgart.
Based on the Analysis presented in the KBV Cardinal matrix; Keysight Technologies, Inc., Hexagon AB, Advantest Corporation and Fortive Corporation (Tektronix, Inc.) are the forerunners in the Market. In July, 2022, Advantest Corporation introduced the T5851-STM16G tester, which would be capable of nonvolatile memory express system-level test coverage at a big manufacturer of IC memory devices. Companies such as National Instruments Corporation, Trescal SA (EQT AB), and Anritsu Corporation are some of the key innovators in the Market.
The increasing demand for quality and inspection equipment in the precision manufacturing industry is propelling the demand for calibration services. As industries place a greater emphasis on accuracy and precision in their manufacturing processes, the need for instruments and equipment that are routinely calibrated becomes paramount. Calibration services ensure the precision of these instruments by stringent quality standards and regulatory requirements. Modern manufacturing processes require smaller tolerances in terms of quality and dimensions to accomplish the desired quality and dependability. Therefore, the increasing demand for precise manufacturing and inspection equipment industry will aid in the expansion of the market.
The development of 5G technology has presented the market with a significant opportunity. The operating frequencies of 5G networks are greater than those of earlier cellular network generations, requiring the calibration of more precise and accurate testing and communication equipment. This is because even small calibration errors can significantly impact the efficacy of 5G networks. 5G continues to revolutionize the telecommunications landscape and enable transformative applications, calibration services are becoming increasingly crucial for guaranteeing the seamless and efficient operation of 5G networks and devices. Hence, as a result of the rising 5G and LTE/LTE-advanced (4G) networks, the market is estimated to grow.
Standard calibration devices for heat, pressure, temperature, optical, electrical, and photoelectric are used by calibration service providers. Multiple OEMs provide reference standard devices. OEMs have already created standards for calibration, including Fluke, Siemens, and GE. Thus, competition among main OEMs also complicates the selection of calibration standards. Navigating a landscape of complex and frequently changing standards demands additional resources, expertise, and adaptability, which may result in interruptions in calibration processes and increased costs for service providers and clients. This limitation emphasizes the need for calibration service providers to invest in continual training and robust quality assurance systems to successfully address the complexities of developing standards and maintain their relevance in the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Product Launches and Product Expansions.
Based on service category, the market is classified into mechanical, electrical, dimensional, and thermodynamics. The mechanical segment acquired a substantial revenue share in the market in 2022. Instruments and equipment related to electrical parameters, including voltage, current, resistance, capacitance, and frequency, are calibrated as part of electrical calibration services. These services are essential for sectors like electronics, power generation, telecommunications, and the production of electrical equipment.
On the basis of application, the market is divided into industrial & automation, electronics, aerospace & defence, communication, and others. The aerospace and defence segment recorded a remarkable revenue share in the market in 2022. The increasing use of calibration services is owed to aerospace and defence industry’s stringent requirements for quality and safety. Calibration services play a vital role in ensuring that the measurement and testing equipment used in these industries adhere to the stringent requirements for aircraft, spacecraft, military hardware, and related components.
By proofreading, the market is categorized into in-house, manufacturer’s calibration, and third-party calibration. In 2022, the third-party calibration segment held the highest revenue share in the market. The term "third-party calibration services" refers to independent companies or vendors not connected to the measuring instruments or equipment’s original equipment manufacturer (OEM). These calibration service providers specialize in numerous industries and specialize in calibrating a broad range of instruments from various manufacturers. Choosing third-party calibration services offers numerous benefits to organizations.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 5.3 Billion |
| Market size forecast in 2030 | USD 7.9 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.2% from 2023 to 2030 |
| Number of Pages | 279 |
| Number of Table | 384 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Market Share Analysis, Companies Strategic Developments, Company Profiling |
| Segments covered | Service Category, Proofreading, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region dominated the market by generating the highest revenue share. China, Japan, and India are some of the leading markets in the APAC region. The increasing investments, expanding manufacturing operations in the region, and major research and development activities are primarily responsible for the growth of the market in the APAC region. Other significant factors supporting the APAC market involve the emergence of sectors and the high cost of benefits due to lower wages in the region.
Free Valuable Insights: Global Calibration Services Market size to reach USD 7.9 Billion by 2030
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Keysight Technologies, Inc., Hexagon AB, Rohde & Schwarz GmbH & Co. KG, Fortive Corporation (Tektronix, Inc.), Viavi Solutions, Inc., Advantest Corporation, National Instruments Corporation, Anritsu Corporation, Trescal SA (EQT AB) and Omega Engineering, Inc. (Arcline Investment Management)
By Application
By Service Category
By Proofreading
By Geography
The Market size is projected to reach USD 7.9 billion by 2030.
Introduction of 5G and LTE/LTE-Advanced (4G) networks are driving the Market in coming years, however, Increased complexity of industry standards restraints the growth of the Market.
Keysight Technologies, Inc., Hexagon AB, Rohde & Schwarz GmbH & Co. KG, Fortive Corporation (Tektronix, Inc.), Viavi Solutions, Inc., Advantest Corporation, National Instruments Corporation, Anritsu Corporation, Trescal SA (EQT AB) and Omega Engineering, Inc. (Arcline Investment Management)
The expected CAGR of this Market is 5.2% from 2023 to 2030.
The Electrical segment is leading the Market by Service Category in 2022; thereby, achieving a market value of $2.9 billion by 2030.
The Asia Pacific market dominated the Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.9 billion by 2030.
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