Calibration Services Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Calibration Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global calibration services market grew at a CAGR of around 7% during 2014-2019. Calibration services refer to the measurement of deviations and inaccuracies in mechanical equipment. The calibration process involves comparing the readings of one device to other equipment that has been previously calibrated. It is conducted at regular intervals for identifying potential faults in an instrument at the earliest and ensuring optimal performance to minimize downtime and increase output. Apart from this, service providers offer on-site calibration, rapid turnaround, calibration documentation, pickup and delivery, online documentation and in-house contract lab services. As a result, it finds extensive applications across various industries, such as aerospace, defense, automotive, communication and electronics.

Rapid industrialization, along with the increasing requirement for testing and measuring devices, is one of the key factors driving the growth of the market. Furthermore, rising awareness among the masses regarding protective and quality maintenance of instruments and machinery is stimulating the market growth. In line with this, calibration services are often used by organizations for in-house standardization of equipment and by original equipment manufacturers (OEM) to ensure the efficiency of their products. Various third-party calibration providers have also emerged for outsourced services, which, in turn, is contributing to the market growth. Various technological advancements, such as improvements in the 3D printing technology and the availability of tissue-mimicking 3D phantoms, are acting as other growth-inducing factors. These improved services are used for electrical, mechanical, thermodynamic and physical calibration of aerospace, defense, electronics, automotive and medical devices or components. Other factors, including extensive research and development (R&D) activities, are anticipated to drive the market further. Looking forward, IMARC Group expects the global calibration services market to continue its moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global calibration services market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, service type, calibration type and end use industry.

Breakup by Service Type:

In-House
OEMs
Third-Party Service

Breakup by Calibration Type:

Electrical
Mechanical
Thermodynamic
Physical/Dimensional
Others

Breakup by End Use Industry:

Electronics Manufacturing
Communication
Aerospace and Defense
Automotive
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd., Agilent Technologies Inc., Endress+Hauser AG, Keysight Technologies Inc., Micro Precision Calibration Inc., Optical Test and Calibration Ltd., Rohde & Schwarz GmbH & Co KG, Siemens Aktiengesellschaft, Simco Electronics, Sulzer AG, Tradinco Instruments, Transcat Inc. and Trescal Holdings Inc.

Key Questions Answered in This Report:

How has the global calibration services market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global calibration services market?
What are the key regional markets?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the calibration type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global calibration services market and who are the key players?
What is the degree of competition in the industry?