Calibration Service Trends and Forecast
The future of the global calibration service market looks promising with opportunities in the electronics manufacturing, communication, aerospace & defense, and automotive sectors. The global calibration service market is expected to reach an estimated $7.7 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are growing preference for calibration management software, expanding need for calibration in the telecommunications industry, and increasing demand for testing and measurement devices among industries.A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Calibration Service by Segment
The study includes a forecast for the global calibration service by service type, calibration type, end use industry, and region.Calibration Service Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:
- In-House
- OEMs
- Third-Party Service
Calibration Service Market by Calibration Type [Shipment Analysis by Value from 2018 to 2030]:
- Electrical
- Mechanical
- Thermodynamic
- Physical/Dimensional
- Others
Calibration Service Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
- Electronics Manufacturing
- Communication
- Aerospace & Defense
- Automotive
- Others
Calibration Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Calibration Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies calibration service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the calibration service companies profiled in this report include-- ABB
- Agilent Technologies
- Endress+Hauser
- Keysight Technologies
- Micro Precision Calibration
- Optical Test and Calibration
- Rohde & Schwarz
- Siemens Aktiengesellschaft
- Simco Electronics
- Sulzer
Calibration Service Market Insights
The publisher forecasts that electrical will remain the largest segment over the forecast period due to significant use of this calibration in various applications, such as for telecommunications, consumer electronics, and power generation and distribution.Within this market, electronics manufacturing will remain the largest segment due to increasing use of calibration services in this industry for their ability to guarantee the accuracy of instruments, such as soldering stations, voltage meters, and oscilloscopes.
Europe will remain the largest region over the forecast period due to significant use of calibration services among various end use industries, such as automotive, aerospace, and electronic sectors of the region.
Features of the Global Calibration Service Market
- Market Size Estimates: Calibration service market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Calibration service market size by service type, calibration type, end use industry, and region in terms of value ($B).
- Regional Analysis: Calibration service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different service types, calibration types, end use industries, and regions for the calibration service market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the calibration service market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the calibration service market size?Answer: The global calibration service market is expected to reach an estimated $7.7 billion by 2030.
Q2. What is the growth forecast for calibration service market?
Answer: The global calibration service market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the calibration service market?
Answer: The major drivers for this market are growing preference for calibration management software, expanding need for calibration in the telecommunications industry, and increasing demand for testing and measurement devices among industries.
Q4. What are the major segments for calibration service market?
Answer: The future of the calibration service market looks promising with opportunities in the electronics manufacturing, communication, aerospace & defense, and automotive sectors.
Q5. Who are the key calibration service market companies?
Answer: Some of the key calibration service companies are as follows:
- ABB
- Agilent Technologies
- Endress+Hauser
- Keysight Technologies
- Micro Precision Calibration
- Optical Test and Calibration
- Rohde & Schwarz
- Siemens Aktiengesellschaft
- Simco Electronics
- Sulzer
Answer: The publisher forecasts that electrical will remain the largest segment over the forecast period due to significant use of this calibration in various applications, such as for telecommunications, consumer electronics, and power generation and distribution.
Q7. In calibration service market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to significant use of calibration services among various end use industries, such as automotive, aerospace, and electronic sectors of the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the calibration service market by service type (in-house, OEMs, and third-party service), calibration type (electrical, mechanical, thermodynamic, physical/dimensional, and others), end use industry (electronics manufacturing, communication, aerospace & defense, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Calibration Service Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB
- Agilent Technologies
- Endress+Hauser
- Keysight Technologies
- Micro Precision Calibration
- Optical Test and Calibration
- Rohde & Schwarz
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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