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Calibration Services - Global Strategic Business Report

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    Report

  • 827 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4721450
The global market for Calibration Services is estimated at US$6.6 Billion in 2023 and is projected to reach US$9.6 Billion by 2030, growing at a CAGR of 4.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Electrical Calibration Services segment, which is expected to reach US$4.1 Billion by 2030 with a CAGR of 5.5%. The Mechanical Calibration Services segment is also set to grow at 4.1% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.6 Billion in 2023, and China, forecasted to grow at an impressive 6% CAGR to reach $1.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Calibration Services Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Calibration Services Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Calibration Services Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as ABB Ltd., Brüel & Kjær Sound & Vibration Measurement A/S, Endress+Hauser Group Services AG, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 211 Featured):

  • ABB Ltd.
  • Brüel & Kjær Sound & Vibration Measurement A/S
  • Endress+Hauser Group Services AG
  • ESSCO Calibration Laboratory
  • Fluke Corporation
  • Harris Williams
  • 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 Instruments
  • Transcat, Inc.
  • Trescal International SAS
  • Yokogawa Electric Corporation

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Calibration Services: Indispensable for Accuracy & Precision of Test & Measurement Instruments
  • Global Economic Outlook
  • An Introduction to Calibration Services
  • Basic Process of Calibration
  • Common Parameters of Calibration
  • Applications of Calibration Services
  • Global Market 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
  • Calibration Services - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Calibration Services Become Imperative for Various Industries
  • Unabated Expansion of Calibration Universe with Pivotal Role across Diverse Industries
  • 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
  • Expanding IoT Ecosystem to Provide Steady Demand Prospects for Calibration Services
  • Global M2M/IoT Connections (In Billion) for Years 2019, 2021 and 2023
  • Tangible Benefits Making Digital Transformation More Potent for Calibration Labs
  • Digitalization of HART Set to Power Evolution of Process Calibration
  • NoTable Trends and Factors Fuel Growth in Calibration Services Market
  • Growing Importance of Calibration Services in Electronics Industry
  • Number of Smartphone Users Worldwide (in Billion) for 2015-2025
  • Worldwide Shipments of Laptops and Tablet PCs (in Million Units) for the Years 2019, 2021 and 2023
  • Calibrations Performed in Electronics Industry: A Review
  • Standards Related to Calibration of Electronic Devices
  • Challenges Confronting Calibration in Electronics Industry
  • 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 Pandemic
  • With UAV Use on the Rise, UAV Flight Inspection Assumes Significance
  • 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
  • Automotive Electronics as a Percentage of Vehicle Production Cost for the Years 2010, 2020 & 2030
  • Rising Need for Calibration Services in Hybrid Vehicles
  • ADAS Calibration to Remain Critical
  • The Many Questions about Who Should Bear Calibration Costs of Vehicles that Come for Repair
  • Communications Industry: A Major End-Use Market for Calibration Services
  • Roll Out of 5G Networks Raises Demand for Calibration Services
  • Global Smartphone Subscription Breakdown by Technology for 2019 and 2025
  • Calibration Becomes Critical for System Commissioning
  • Medical Equipment Calibration Services: Essential to Improve & Maintain Device Accuracy
  • 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
  • Why Fine Chemicals Industry Must Have Strong Bonding with Automated Calibration?
  • Outsourcing of Calibration Services: Enabling Businesses to Stay Updated with Changing Market Scenario
  • 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
  • Future of Quality Infrastructure Pivots on Digital Calibration Certificates
  • 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
  • An Insight into Guard Banding
  • Major Challenges Facing the Calibration Services Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Calibration Services Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: 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 2023 through 2030 and % CAGR
  • Table 3: 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 2014 through 2022 and % CAGR
  • Table 4: World 16-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 2014, 2024 & 2030
  • Table 5: 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 2023 through 2030 and % CAGR
  • Table 6: 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 2014 through 2022 and % CAGR
  • Table 7: World 16-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 2014, 2024 & 2030
  • Table 8: 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 2023 through 2030 and % CAGR
  • Table 9: 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 2014 through 2022 and % CAGR
  • Table 10: World 16-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 2014, 2024 & 2030
  • Table 11: 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 2023 through 2030 and % CAGR
  • Table 12: 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 2014 through 2022 and % CAGR
  • Table 13: World 16-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 2014, 2024 & 2030
  • Table 14: 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 2023 through 2030 and % CAGR
  • Table 15: 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 2014 through 2022 and % CAGR
  • Table 16: World 16-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 2014, 2024 & 2030
  • Table 17: 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 2023 through 2030 and % CAGR
  • Table 18: 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 2014 through 2022 and % CAGR
  • Table 19: World 16-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 2014, 2024 & 2030
  • Table 20: 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 2023 through 2030 and % CAGR
  • Table 21: 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 2014 through 2022 and % CAGR
  • Table 22: World 16-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 2014, 2024 & 2030
  • Table 23: 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 2023 through 2030 and % CAGR
  • Table 24: 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 2014 through 2022 and % CAGR
  • Table 25: World 16-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 2014, 2024 & 2030
  • Table 26: 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 2023 through 2030 and % CAGR
  • Table 27: 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 2014 through 2022 and % CAGR
  • Table 28: World 16-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 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Aerospace & Defense 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 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Aerospace & Defense 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 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 32: 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 2023 through 2030 and % CAGR
  • Table 33: 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 2014 through 2022 and % CAGR
  • Table 34: World 16-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 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Market Overview
  • In-house Laboratories Vs Third Party Service Providers
  • Calibration Services Market in North America: Breakdown of Market Revenues by OEMs, Inhouse Laboratories and Third Party Service Providers for 2023E
  • Quality Control Spending in Manufacturing Sector to Drive Market Gains
  • Focus on Customer Education and Business Collaborations
  • Regulatory Overview
  • Competition
  • North American Calibration Services Market Breakdown of Revenues (In %) by Leading Third Party Service Providers: 2023 (E)
CANADA
JAPAN
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
  • Competition
FRANCE
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Market Overview
SOUTH KOREA
REST OF ASIA-PACIFIC
  • Calibration and Repair Services in Southeast Asia: An Overview
LATIN AMERICA
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
AFRICA
  • Calibration Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ABB Ltd.
  • Brüel & Kjær Sound & Vibration Measurement A/S
  • Endress+Hauser Group Services AG
  • ESSCO Calibration Laboratory
  • Fluke Corporation
  • Harris Williams
  • 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 Instruments
  • Transcat, Inc.
  • Trescal International SAS
  • Yokogawa Electric Corporation

Table Information