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Calibration Services - Global Market Trajectory & Analytics

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    Report

  • 811 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4721450

Global Calibration Services Market to Reach $8.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Calibration Services estimated at US$5.5 Billion in the year 2020, is projected to reach a revised size of US$8.9 Billion by 2027, growing at a CAGR of 7% over the period 2020-2027. Electrical, one of the segments analyzed in the report, is projected to record a 8.3% CAGR and reach US$3.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Mechanical segment is readjusted to a revised 6.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 8.9% CAGR

The Calibration Services market in the U.S. is estimated at US$1.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 8.9% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 6.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027.

Thermodynamic Segment to Record 7.2% CAGR

In the global Thermodynamic segment, USA, Canada, Japan, China and Europe will drive the 7.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$641.8 Million in the year 2020 will reach a projected size of US$1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 7.9% CAGR through the analysis period.

Select Competitors (Total 192 Featured)

  • ABB Ltd.
  • Brüel & Kjær Sound & Vibration Measurement A/S
  • Endress+Hauser Group Services AG
  • ESSCO Calibration Laboratory
  • Fluke Corporation
  • Keysight Technologies, Inc.
  • Micro Precision Calibration, Inc.
  • Optical Test and Calibration Ltd
  • Rohde & Schwarz GmbH & Co. KG
  • Siemens AG
  • SIMCO Electronics
  • Tektronix, Inc.
  • TMI Calibration
  • Tradinco Instrumenten-Apparaten B.V.
  • Transcat, Inc.
  • Trescal International SAS
  • Yokogawa Electric Corporation

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Calibration Services

What is the estimated value of the Global Market for Calibration Services?

The Global Market for Calibration Services was estimated to be valued at $5.5 Billion in 2020.

What is the growth rate of the Global Market for Calibration Services?

The growth rate of the Global Market for Calibration Services is 7.1%, with an estimated value of $8.9 Billion by 2027.

What is the forecasted size of the Global Market for Calibration Services?

The Global Market for Calibration Services is estimated to be worth $8.9 Billion by 2027.

Who are the key companies in the Global Market for Calibration Services?

Key companies in the Global Market for Calibration Services include ABB Ltd., Brüel & Kjær Sound & Vibration Measurement A/S, Endress+Hauser Group Services AG, ESSCO Calibration Laboratory, Fluke Corporation, Keysight Technologies, Inc., Micro Precision Calibration, Inc., Optical Test and Calibration Ltd and Siemens AG.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed?
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic-Led Macroeconomic Variables Deterioration and Subdued Industrial Activity Impacts Market
  • Exhibit 2: Global PMI Index Points for the Years 2018, 2019 & 2020
  • Exhibit 3: Supply Chain Disruptions Impact Manufacturers across Various End-Use Industries: % of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of May 2020
  • Pandemic Increases the Trend of In-House Calibration
  • Preventing Bad Data with On-time Equipment Calibration
  • Exhibit 4: Calibration Services - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 183 Players Worldwide in 2022 (E)
  • An Introduction to Calibration Services
  • Basic Process of Calibration
  • Common Parameters of Calibration
  • Calibration Services: Indispensable for Accuracy & Precision of Test & Measurement Instruments
  • Global Market Prospects & Outlook
  • Electrical Calibration: The Major Calibration Type
  • Electronics Manufacturing Leads Calibration Services Market
  • Developing Regions Present Lucrative Growth Opportunities
  • Competition
  • Factors Considered in Selection of Calibration Service Provider
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Need for Precision & Accurate Measurements during Critical Operations & Extensive Use of Test Instruments Fuels Market
  • Fast Paced Industrialization & Subsequent Need to Test and Measure Devices: A Key Growth Factor
  • Rising Awareness about Regular Maintenance of Instruments & Machinery Fuels Market
  • Integration and Automation of Calibration Procedures Set to Increase
  • Test & Measurement Industry Trends to Influence Calibration Services Market
  • Meeting the Demands of Modern-day Test & Measurement Applications
  • Industry 4.0 Trend Enhances Role of Calibration Services in Optimizing Machine Performance
  • Exhibit 5: Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • Expanding IoT Ecosystem to Provide Steady Demand Prospects for Calibration Services
  • Exhibit 6: Global M2M/IoT Connections (In Billion) for Years 2019, 2021 and 2023
  • Notable Trends and Factors Fuel Growth in Calibration Services Market
  • Growing Importance of Calibration Services in Electronics Industry
  • Exhibit 7: Global Opportunity for Consumer Electronics (In US$ Million) for Years 2020, 2022, 2024, 2026 and 2028
  • Exhibit 8: Global Market for Smartphones (in Billion) for 2016-2021
  • Exhibit 9: Worldwide Shipments of Laptops and Tablet PCs (in Million Units) for the Years 2019, 2021 and 2023
  • Pandemic Causes Significant Disruption to Electrical & Electronics Market
  • Exhibit 10: Global Electrical & Electronics Equipment Market Growth Outlook (In %) for Years 2019 through 2025
  • Mission-Critical Operations Enhance Need for Calibration Services in Aerospace & Defense Industry
  • Services for Flight Calibration Help Nations in Ensuring Safer Skies
  • Inspection of Flights During the Ongoing Pandemic
  • With UAV Use on the Rise, UAV Flight Inspection Assumes Significance
  • Pandemic Dents Prospects in the Aviation Industry
  • Exhibit 11: COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020
  • Need for Fuel Efficiencies and Vehicle Performance Drives Demand for Calibration Services in Automotive Industry
  • Increasing Integration of Electronic Components in Vehicles Raises Need for Calibration
  • Exhibit 12: Automotive Electronics as a Percentage of Vehicle Production Cost for the Years 2010, 2020 & 2030
  • Rising Need for Calibration Services in Hybrid Vehicles
  • Exhibit 13: Global Electric Vehicles Market: Sales in Thousands for Plug-in Hybrids and Battery EVs for 2018-2020
  • The Many Questions about Who Should Bear Calibration Costs of Vehicles that Come for Repair
  • COVID-19 Outbreak Severely Impacts Growth in Auto Industry, Affecting Calibration Services Market
  • Exhibit 14: World Automobile Production in Million Units: 2008-2022
  • Exhibit 15: Automobile Production % YoY Change Across Select Regions: 2020 Vs 2019
  • Communications Industry: A Major End-Use Market for Calibration Services
  • Impending Roll Out of 5G Networks Raises Demand for Calibration Services
  • Exhibit 16: 5G Smartphone Sales in Million Units: 2019-2022
  • Exhibit 17: Global Smartphone Subscription Breakdown by Technology for 2019 and 2025
  • Calibration Becomes Critical for System Commissioning
  • Medical Equipment Calibration Services Emerge as Essential to Improve & Maintain Device Accuracy
  • Pandemic-Induced Disruptions Impact Medical Equipment Industry
  • Exhibit 18: Global Medical Equipment & Supplies Market Outlook (in %) for 2019-2025
  • Compliance and Quality Control Needs Drive Demand for Calibration Services in Pharmaceutical Industry
  • Critical Role of Calibration Services in the Food Industry
  • Common Calibration Services in the Food Industry
  • Outsourcing of Calibration Services: Enabling Businesses to Stay Updated with Changing Market Scenario
  • Pandemic Spurs Shift Towards In-House Calibration Services
  • Advent of User-Friendly & Self-Calibrating Devices Pose a Threat to Outsourcing of Calibration Services
  • Proliferation of OEMs to Improve Quality of Calibration
  • Common Challenges in Outsourcing Calibration and Maintenance of GMP Assets
  • Rising Significance of Calibration in Plant Maintenance
  • Problems with Low Pressure Calibration
  • Common Calibration Approaches for Precision Measuring Instruments
  • Rapid Shift towards Paperless Calibration Management System
  • Paperless Technology Gains Prominence for Maintenance & Calibration in Life Sciences Market
  • Calibration Software: A Key to Success
  • Calibration Management Software Shifts to Cloud Platform
  • Regulatory Requirements, Quality Standards and Business Goals of Organizations Drive Calibration Management Software Market
  • Improved Access to Expert Guidance Helps Laboratories
  • Pipette Calibration Services Market: Accredited Labs Aid Growth
  • Torque Calibration Services Market: Need for Better Results Favors Growth
  • Calibration's Impact on Marketability Discounts & Control Premiums
  • Technological Advancements in Calibration Bodes Well for the Market
  • Standards and Guides & Accreditation Bodies for Calibration Services: A Review
  • Standards and Guides
  • Accreditation Bodies
  • Major Challenges Facing the Calibration Services Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Electrical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Electrical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Electrical by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Mechanical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Mechanical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Mechanical by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Thermodynamic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Thermodynamic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Thermodynamic by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Physical / Dimensional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Physical / Dimensional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Physical / Dimensional by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Other Calibration Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Other Calibration Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Other Calibration Types by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Electronic Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Electronic Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Electronic Manufacturing by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Industrial & Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Industrial & Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Industrial & Automotive by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Communication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Communication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 24: World 15-Year Perspective for Communication by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Aerospace & Defence by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Aerospace & Defence by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 27: World 15-Year Perspective for Aerospace & Defence by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 28: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 29: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 30: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 31: World Recent Past, Current & Future Analysis for Calibration Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 32: World Historic Review for Calibration Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 33: World 15-Year Perspective for Calibration Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • In-house Laboratories Vs Third Party Service Providers
  • Exhibit 19: Calibration Services Market in North America: Breakdown of Market Revenues by OEMs, Inhouse Laboratories and Third Party Service Providers for 2022E
  • Quality Control Spending in Manufacturing Sector to Drive Market Gains
  • Focus on Customer Education and Business Collaborations
  • Regulatory Overview
  • Competition
  • Exhibit 20: North American Calibration Services Market Breakdown of Revenues (In %) by Leading Third Party Service Providers: 2022 (E)
  • Market Analytics
CANADAJAPANCHINA
EUROPE
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Competition
  • Market Analytics
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEASIA-PACIFICAUSTRALIA
INDIA
  • Market Overview
  • Market Analytics
SOUTH KOREA
REST OF ASIA-PACIFIC
  • Calibration and Repair Services in Southeast Asia: An Overview
  • Market Analytics
LATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICA
IV. COMPETITION
  • Total Companies Profiled: 192

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • Brüel & Kjær Sound & Vibration Measurement A/S
  • Endress+Hauser Group Services AG
  • ESSCO Calibration Laboratory
  • Fluke Corporation
  • Keysight Technologies, Inc.
  • Micro Precision Calibration, Inc.
  • Optical Test and Calibration Ltd
  • Rohde & Schwarz GmbH & Co. KG
  • Siemens AG
  • SIMCO Electronics
  • Tektronix, Inc.
  • TMI Calibration
  • Tradinco Instrumenten-Apparaten B.V.
  • Transcat, Inc.
  • Trescal International SAS
  • Yokogawa Electric Corporation