Growth Opportunities in the Calibration and Repair Services Market Forecast to 2022 - Product Image

Growth Opportunities in the Calibration and Repair Services Market Forecast to 2022

  • ID: 4462531
  • Report
  • Region: Global
  • 83 Pages
  • Frost & Sullivan
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Market Consolidation and Technological Expertise to Accelerate Growth in a Transforming Market

The calibration and repair services market in North America and Europe is anticipated to reach $3.98 billion by 2022, driven by the increase in quality awareness, greater adoption of metrology in the manufacturing process, and tightening of regulations by calibration regulatory authorities across the world. This market is expected to grow rapidly with the advent of Industrial Internet of Things (IIoT) since all the connected equipment need to be calibrated regularly to ensure the proper functioning of the device network. The desire for domain expertise and quality of the instruments is continuously increasing, especially in emerging countries.

The calibration and repair services market is likely to receive a boost in the following years due to the growth of its end-user industries. The instruments used, especially in industries such as aerospace & defense and life sciences, are at high risk of failure, so there is a need for calibration at regular intervals. There is also rising demand for on-site services, as they can reduce disruptions in a company's operations. Instead of sending the instrument for repair and calibration, and then waiting for the testers to send it back, on-site calibration can lower the wait time and eliminate the risk of damage.

The service providers for the calibration and repair services market can be classified into three types:

  • Original equipment manufacturers (OEMs)
  • Third-party service providers (TSPs)
  • In-house laboratories

The end-user industries for the calibration and repair services market include

  • Aerospace and Defense
  • Semiconductors
  • Consumer Electronics
  • Healthcare
  • Communications
  • Industrial
  • Automotive

The calibration and repair services cover the following four parameters: electrical, mechanical, thermodynamic, and physical/dimensional.

Research Highlights

The focus on automation also drives the calibration and repair services market, since automation reduces the amount of time required to perform calibration and improve the quality of the service. For some electrical equipment, users just need to plug the equipment into the software and the test is conducted automatically. Instruments in some industries, like automotive, need calibration at regular intervals. The possibility of autonomous cars depends on sensors, which need careful calibration. For instance, two sensors in a similar application can have different configurations and yield different results. A thorough and expert calibration of these sensors is needed to yield accurate results.

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1. Executive Dashboard

  • Purpose of this Experiential Study
  • 5-step Process to Transformational Growth
  • Strategic Imperatives for Calibration and Repair Service Providers
  • Growth Opportunities 1-12-Vision and Strategy
  • Growth Opportunities 13-22-Brand and Demand

2. Market Overview

  • State of the Market
  • Market Segmentation
  • Market Definitions & Trends
  • Drivers and Restraints

3. Key Market Trends

  • Calibration Asset Management Software
  • Outsourcing of In-house Laboratories
  • Automation in Calibration
  • Calibration Services Market in China

4. Market Forecasts-North America

  • Revenue Forecast
  • Revenue Forecast by Type of Provider
  • Percent Revenue Forecast by Service Provider
  • Revenue Forecast by End User
  • Revenue Forecast by Region

5. Market Forecasts-Europe

  • Revenue Forecast
  • Revenue Forecast by Type of Provider
  • Percent Revenue Forecast by Service Provider
  • Revenue Forecast by End User

6. Visioning Scenarios

  • Revenue Forecast by Region
  • Macro to Micro Visioning
  • Trends/Factors Impacting the Calibration and Repair Services Market
  • Top Predictions for the Calibration and Repair Services Market

7. Growth Pipeline

  • Levers for Growth

8. Growth Opportunities-Vision and Strategy

  • Growth Opportunity 1-Consolidation of Third-party Service Providers
  • Growth Opportunity 2-Calibration Service Opportunities in India
  • Growth Opportunity 3-5G Research & Development in the United States
  • Growth Opportunity 4-Evolution of the Industrial Internet of Things
  • Growth Opportunity 5-Emerging Economies
  • Growth Opportunity 6-LTE Test Equipment Market in Latin America
  • Growth Opportunity 7-Aerospace & Defense Opportunities in China
  • Growth Opportunity 8-Wireless Communication Development in Select Asia-Pacific Countries
  • Growth Opportunity 9-Calibration of MEMS Sensors in Autonomous Car
  • Growth Opportunity 10-Pressure Gauges Calibration by Independent Service Providers
  • Growth Opportunity 11-Calibration of Powertrain in the Automotive Industry
  • Growth Opportunity 12-Calibration of Hybrid Vehicles in the Automotive Industry

9. Growth Opportunities-Brand and Demand

  • Growth Opportunity 13-Calibration Asset Management Software
  • Growth Opportunity 14-Multi-vendor Multi-instrument Capabilities
  • Growth Opportunity 15-Quality Control, Inspection, Training, and Consulting Services
  • Growth Opportunity 16-Analytical Instrument Qualification, Calibration, and Repair Services for the Life Sciences Industry
  • Growth Opportunity 17-Proliferation of Modular Instruments
  • Growth Opportunity 18-Automation in Calibration
  • Growth Opportunity 19-Recalibration of Long-standing Test Equipment
  • Growth Opportunity 20-Calibration of Medical Wearable Devices
  • Growth Opportunity 21-Calibration of Oscilloscopes
  • Growth Opportunity 22-Calibration, Repair, and Support Services of Online/inline Analyzers by Independent Service Providers

10. Growth Opportunities Matrix

  • Identifying Your Company’s Growth Zone
  • Growth Opportunities 1-12-Vision and Strategy
  • Growth Opportunities 13-22-Brand and Demand
  • Growth Opportunities Matrix

11. Growth Strategy and Implementation

  • Growth Strategies for Your Company
  • Prioritized Opportunities through Implementation
  • Legal Disclaimer

12. Appendix

  • List of Exhibits
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