Calibration Services Market by Proofreading, Application, Application and Region

Description

The global calibration services market is projected to grow from USD 5.7 billion in 2023 to USD 8.1 billion by 2030, registering a CAGR of 5.3% during the forecast period. The market's growth is primarily propelled by the escalating demand for dimensional, electrical, mechanical, among other calibration services. Calibration services encompass a range of types, including dimensional calibration for measurements like length and width, electrical calibration for voltage and current instruments, temperature calibration for thermometers, pressure calibration for gauges, flow calibration for flow meters, mass calibration for scales, force calibration for load cells, time and frequency calibration for clocks and counters, torque calibration for wrenches, humidity calibration for hygrometers, optical calibration for spectrometers, acoustic calibration for microphones, ensuring accurate measurements and instrument reliability across diverse industries and applications. Furthermore, the expanding adoption of calibration services in various applications, such as electronics, industrial and automation, aerospace and defense and communication, further fuels the market's growth trajectory.

The third-party vendor proofreading segment is expected to hold a significant market share in the overall calibration services market

During the forecast period, third-party vendor proofreading segment in the calibration market is likely to experience notable growth driven by various factors. Companies across industries increasingly recognize the critical role of accurate calibration in maintaining compliance, quality, and operational efficiency. As the complexity of instruments and equipment rises, the need for specialized expertise in proofreading calibration procedures becomes evident. Third-party vendors offer impartial and specialized services, addressing potential errors or inconsistencies that might otherwise be overlooked. This outsourcing trend allows businesses to focus on their core operations while ensuring precision in calibration processes. As regulatory demands and technological advancements persist, the third-party vendor proofreading segment is poised for continued growth, contributing to the overall expansion of the calibration services market.

The electronics application is expected to grow at a significant growth rate during the forecast period

The calibration services within the electronic manufacturing industry include the calibration of final products, periodic calibration of infrastructural machinery, and calibration on completion of specified operational usage time. Considering its vast nature of operations, calibration services are likely to have a considerable demand in the electronic manufacturing industry. Calibration services are frequently used in all electronic manufacturing plants to monitor the regular activities and regulate the equipment according to standard values. With the growing trend of using inspection services such industrial radiography, phased array ultrasonic, and X-ray computed tomography in electronic manufacturing plants, the calibration of such test and measurement devices has also become vital aspect of preventive maintenance within the industry. Calibration services are essential in consumer electronics to ensure accurate and reliable functionality of devices, maintain product quality and compliance with industry standards, and verify production processes. They play a critical role in enhancing user experiences and building consumer trust in electronic products.

North America is projected to have the significant growth rate during the forecast period

The North American region has grown substantially in the calibration services market due to its robust industrial landscape and stringent quality standards. Industries spanning aerospace, healthcare, automotive, and manufacturing demand precise measurements to comply with regulations. Technological advancements have led to increasingly complex instruments, necessitating accurate calibration. Moreover, North America's emphasis on innovation and adoption of precision manufacturing practices has propelled the calibration services sector. As businesses strive for accuracy and compliance, the region's advanced infrastructure and commitment to quality control contribute to its significant role in driving the calibration services market's expansion.

Breakdown of profiles of primary participants:

By Company Type: Tier 1 = 30%, Tier 2 = 50%, and Tier 3 = 20%
By Designation: C-level Executives = 25%, Directors = 35%, and Others = 40%
By Region: North America = 35%, Europe = 30%, APAC = 25%, and Rest of the World = 10%

The major companies in the calibration services market are Keysight Technologies (US), Hexagon AB (Sweden), Rohde & Schwarz (Germany), Tektronix, Inc. (US), and VIAVI Solutions Inc. (US).

Research Coverage

The report segments the calibration services market and forecasts its size, by value, based on region ( North America, Europe, Asia Pacific, and Rest of the World), proofreading (in-house, OEM, third-party vendor), application (mechanical, electrical, dimensional, thermodynamics), and end user (industrial & automation, electronics, communication, aerospace & defence, others).

The report also comprehensively reviews market drivers, restraints, opportunities, and challenges in the calibration services market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Reasons to Buy the Report:

Analysis of key drivers (growing demand for quality and inspection equipment in precision manufacturing, increased need for interoperability testing owing to growing deployment of iot and connected devices, strict regulatory standards imposed by governments to ensure product safety and environmental protection), restraints (lack of highly skilled calibration and maintenance technicians, high competition due to increased price sensitivity), opportunities (the advent of 5G technology and deployment of LTE and LTE-Advanced (4G) networks), and challenges (built-in self-calibration feature of electrical & electronic instrument) influencing the growth of the calibration services market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the calibration services market
Market Development: Comprehensive information about lucrative markets - the report analyses the calibration services market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the calibration services market.
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Keysight Technologies (US), Hexagon AB (Sweden), Rohde & Schwarz (Germany), Tektronix, Inc. (US), VIAVI Solutions Inc. (US), Omega Engineering, Inc. (US), Advantest Corporation (Japan), National Instruments Corporation (US), Anritsu (Japan), Trescal, Inc. (France), Pratt and Whitney Measurement Systems, Inc. (US), Kolb & Baumann GmbH & Co KG. (Germany), Renishaw plc. (UK), Feinmess Suhl GmbH (Germany), Octagon Precision India Pvt. Ltd. (India), TESA Brown & Sharpe (Part of Hexagon AB) (Switzerland), Mitutoyo (Japan), MSI Viking (US), Master Gage & Tool Co. (US), Tanson Instrument (India), and Micro Precision Calibration (US).

Product Code: SE 3417

1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
- 1.3.1 MARKETS COVERED
- 1.3.2 INCLUSIONS AND EXCLUSIONS
- 1.3.3 GEOGRAPHICAL SCOPE
- 1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
- 1.7.1 IMPACT OF RECESSION

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
- 2.1.1 SECONDARY AND PRIMARY RESEARCH
- 2.1.2 SECONDARY DATA
  - 2.1.2.1 List of key secondary sources
  - 2.1.2.2 Key data from secondary sources
- 2.1.3 PRIMARY DATA
  - 2.1.3.1 Primary interviews with experts
  - 2.1.3.2 Key industry insights
  - 2.1.3.3 Key data from primary sources
2.2 MARKET SIZE ESTIMATION
2.3 FACTOR ANALYSIS
- 2.3.1 SUPPLY-SIDE ANALYSIS
- 2.3.2 DEMAND-SIDE ANALYSIS
- 2.3.3 BOTTOM-UP APPROACH .
  - 2.3.3.1 Estimation of market size using bottom-up approach (demand side) .
- 2.3.4 TOP-DOWN APPROACH.
  - 2.3.4.1 Estimation of market size using top-down approach (supply side) .
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
2.5 RISK ASSESSMENT
2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON CALIBRATION SERVICES MARKET . 40
2.7 RESEARCH ASSUMPTIONS AND LIMITATIONS .
- 2.7.1 ASSUMPTIONS .
- 2.7.2 LIMITATIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS IN CALIBRATION SERVICES MARKET .
4.2 CALIBRATION SERVICES MARKET, BY PROOFREADING
4.3 CALIBRATION SERVICES MARKET, BY SERVICE TYPE
4.4 CALIBRATION SERVICES MARKET, BY APPLICATION
4.5 CALIBRATION SERVICES MARKET, BY REGION .

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
  - 5.2.1.1 Growing demand for high-quality inspection equipment in precision manufacturing
  - 5.2.1.2 Increasing requirement for interoperability testing with rising adoption of IoT devices .
  - 5.2.1.3 Strict government regulations to ensure product safety and environmental protection
  - 5.2.1.4 Growing adoption of electronic devices
- 5.2.2 RESTRAINTS
  - 5.2.2.1 Shortage of skilled technicians to carry out calibration and maintenance tasks
  - 5.2.2.2 High competition due to increased price sensitivity
  - 5.2.2.3 Complexities in calibration standards
- 5.2.3 OPPORTUNITIES
  - 5.2.3.1 Advent of 5G technology and deployment of LTE and LTE-advanced (4G) networks
  - 5.2.3.2 Rapid penetration of IoT devices
  - 5.2.3.3 Constant technological changes and advancements
- 5.2.4 CHALLENGES .
  - 5.2.4.1 Difficulties faced by vendors in keeping up with constantly changing technologies
  - 5.2.4.2 Emergence of electrical and electronic instruments with in-built self-calibration feature
5.3 VALUE CHAIN ANALYSIS .
5.4 ECOSYSTEM MAPPING .
5.5 PRICING ANALYSIS .
- 5.5.1 AVERAGE SELLING PRICE, BY SERVICE TYPE (KEY PLAYERS)
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.7 TECHNOLOGY ANALYSIS
- 5.7.1 COMMERCIALIZATION OF IOT TECHNOLOGY
- 5.7.2 COMBINING CMM WITH INDUSTRIAL INTERNET OF THINGS (IIOT)
- 5.7.3 SMART IN-LINE CT INSPECTION SYSTEMS .
- 5.7.4 ARTIFICIAL INTELLIGENCE IN INDUSTRIAL METROLOGY
- 5.7.5 3D MEASUREMENT SENSORS
- 5.7.6 SMART SENSORS .
- 5.7.7 VIDEO MEASUREMENT SYSTEMS
5.8 PORTERS FIVE FORCES ANALYSIS
- 5.8.1 THREAT OF NEW ENTRANTS
- 5.8.2 THREAT OF SUBSTITUTES
- 5.8.3 BARGAINING POWER OF SUPPLIERS
- 5.8.4 BARGAINING POWER OF BUYERS
- 5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.9.2 BUYING CRITERIA .
5.10 CASE STUDY ANALYSIS .
- 5.10.1 KEYSIGHT TECHNOLOGIES DEMONSTRATES ITS N54B PNA NETWORK ANALYZER TO DEVELOP 5G ANTENNA MODULE .
- 5.10.2 SAMSUNG FOUNDRY ADOPTS KEYSIGHT EB ADVANCED LOWFREQUENCY NOISE ANALYZER TO MEASURE AND ANALYZE FLICKER NOISE .
- 5.10.3 EXFO INC. PROVIDES OX1 TO CONVERGE ICT SOLUTIONS THAT EASE TROUBLESHOOTING .
- 5.11 TRADE ANALYSIS
5.12 PATENT ANALYSIS
5.13 KEY CONFERENCES AND EVENTS, – .
5.14 TARIFFS AND REGULATORY LANDSCAPE .
- 5.14.1 TARIFFS .
- 5.14.2 STANDARDS.
- 5.14.3 REGULATORY LANDSCAPE
5.15 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS .
- 5.15.1 REGULATORY FRAMEWORK
  - 5.15.1.1 Canada .
  - 5.15.1.2 US
  - 5.15.1.3 Europe
  - 5.15.1.4 Asia Pacific .

6 CALIBRATION SERVICES MARKET, BY SERVICE TYPE

6.1 INTRODUCTION
6.2 MECHANICAL .
- 6.2.1 CONTRIBUTION TO BETTER PRODUCT QUALITY TO DRIVE MARKET
6.3 ELECTRICAL .
- 6.3.1 GROWING DEMAND FOR ELECTRICAL EQUIPMENT WITH GLOBALIZATION AND URBANIZATION TO DRIVE DEMAND .
6.4 DIMENSIONAL
- 6.4.1 GROWING COMPLEXITY IN MANUFACTURING PROCESSES TO DRIVE DEMAND
- 6.4.2 COORDINATE MEASURING MACHINES (CMM) .
  - 6.4.2.1 Fixed CMM
    - 6.4.2.1.1 Bridge CMM
    - 6.4.2.1.2 Gantry CMM
    - 6.4.2.1.3 Horizontal arm CMM .
    - 6.4.2.1.4 Cantilever CMM
  - 6.4.2.2 Portable CMM .
    - 6.4.2.2.1 Articulated arm CMM
- 6.4.3 MEASURING INSTRUMENTS .
  - 6.4.3.1 Measuring microscope
  - 6.4.3.2 Profile projector
  - 6.4.3.3 Autocollimator
  - 6.4.3.4 Vision system
  - 6.4.3.5 Multisensory measuring system .
- 6.4.4 FORM MEASUREMENT EQUIPMENT
6.5 THERMODYNAMICS
- 6.5.1 NEED TO MAINTAIN CONSISTENT AND RELIABLE MEASUREMENTS TO DRIVE MARKET .

7 CALIBRATION SERVICES MARKET, BY PROOFREADING

7.1 INTRODUCTION
7.2 IN-HOUSE
7.3 BETTER TRACEABILITY OF CALIBRATION DATA TO DRIVE MARKET .
7.4 OEMS.
- 7.4.1 REDUCED DOWNTIME AND COMPLIANCE WITH INDUSTRY STANDARDS TO DRIVE MARKET .
7.5 THIRD-PARTY VENDORS
- 7.5.1 TECHNICAL PROFICIENCY AND ADHERENCE TO RECOGNIZED CALIBRATION PROCEDURES TO DRIVE MARKET

8 CALIBRATION SERVICES MARKET, BY APPLICATION

8.1 INTRODUCTION
8.2 INDUSTRIAL & AUTOMATION .
- 8.2.1 ADVANCEMENT IN MANUFACTURING SECTOR TO DRIVE MARKET
8.3 ELECTRONICS
- 8.3.1 GROWING TREND OF USING INSPECTION SERVICES SUCH AS INDUSTRIAL RADIOGRAPHY TO DRIVE MARKET .
8.4 AEROSPACE & DEFENSE
- 8.4.1 ASSURITY OF DESIGN CORRECTNESS WITH REGARD TO AERODYNAMICS AND COMMUNICATION TO DRIVE MARKET
8.5 COMMUNICATION
- 8.5.1 GROWING NUMBER OF MOBILE COMMUNICATION DEVICES TO DRIVE MARKET .
8.6 OTHERS .

9 CALIBRATION SERVICES MARKET, BY REGION

9.1 INTRODUCTION
9.2 NORTH AMERICA
- 9.2.1 NORTH AMERICA: RECESSION IMPACT .
- 9.2.2 US .
  - 9.2.2.1 Presence of established players from various sectors to boost market growth.
- 9.2.3 CANADA
  - 9.2.3.1 Rising demand for broadband services and communication testing to drive market expansion
- 9.2.4 MEXICO
  - 9.2.4.1 Government-led green energy initiatives to benefit market
9.3 EUROPE
- 9.3.1 EUROPE: IMPACT OF RECESSION
- 9.3.2 UK
  - 9.3.2.1 Increased demand for test and measurement equipment in automotive industry to support demand for calibration services
- 9.3.3 GERMANY
  - 9.3.3.1 Established automotive industry to propel market growth
- 9.3.4 FRANCE
  - 9.3.4.1 Increasing use of test and measurement tools in aerospace & defense to boost market
- 9.3.5 ITALY
  - 9.3.5.1 Initiatives taken to develop defense sector to drive market
- 9.3.6 REST OF EUROPE
9.4 ASIA PACIFIC
- 9.4.1 ASIA PACIFIC: IMPACT OF RECESSION
- 9.4.2 CHINA
  - 9.4.2.1 Manufacturing hub for various industries to boost demand for calibration services
- 9.4.3 JAPAN
  - 9.4.3.1 Growing adoption of automation in calibration to drive market
- 9.4.4 SOUTH KOREA
  - 9.4.4.1 Presence of major electronics and semiconductor manufacturers to drive market
- 9.4.5 INDIA
  - 9.4.5.1 Increasing FDIs and government-led initiatives to benefit market
- 9.4.6 REST OF ASIA PACIFIC
9.5 ROW
- 9.5.1 ROW: IMPACT OF RECESSION
- 9.5.2 MIDDLE EAST & AFRICA
  - 9.5.2.1 Presence of robust healthcare infrastructure to boost market
- 9.5.3 SOUTH AMERICA
  - 9.5.3.1 Expanding manufacturing and mining sector to benefit market significantly

10 COMPETITIVE LANDSCAPE

10.1 INTRODUCTION
10.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
10.3 MARKET SHARE ANALYSIS,
10.4 FIVE-YEAR REVENUE ANALYSIS OF TOP COMPANIES, –
10.5 CALIBRATION SERVICES MARKET: COMPANY EVALUATION MATRIX,
- 10.5.1 STARS
- 10.5.2 PERVASIVE PLAYERS
- 10.5.3 EMERGING LEADERS
- 10.5.4 PARTICIPANTS
- 10.5.5 CALIBRATION SERVICES MARKET: COMPANY FOOTPRINT
10.6 CALIBRATION SERVICES MARKET: STARTUPS/SMES EVALUATION MATRIX,
- 10.6.1 PROGRESSIVE COMPANIES
- 10.6.2 RESPONSIVE COMPANIES
- 10.6.3 DYNAMIC COMPANIES .
- 10.6.4 STARTING BLOCKS .
10.7 CALIBRATION SERVICES MARKET: COMPETITIVE BENCHMARKING
10.8 COMPETITIVE SCENARIOS AND TRENDS
- 10.8.1 CALIBRATION SERVICES MARKET .
  - 10.8.1.1 Product launches
  - 10.8.1.2 Deals

11 COMPANY PROFILES

11.1 KEY PLAYERS
- 11.1.1 KEYSIGHT TECHNOLOGIES
  - 11.1.1.1 Business overview .
  - 11.1.1.2 Products/Solutions/Services offered .
  - 11.1.1.3 Recent developments
    - 11.1.1.3.1 Product launches
    - 11.1.1.3.2 Deals
  - 11.1.1.4 MnM view
    - 11.1.1.4.1 Key strengths/Right to win
    - 11.1.1.4.2 Strategic choices
    - 11.1.1.4.3 Weaknesses and competitive threats .
- 11.1.2 HEXAGON AB
  - 11.1.2.1 Business overview
  - 11.1.2.2 Products/Solutions/Services offered .
  - 11.1.2.3 Recent developments
    - 11.1.2.3.1 Product launches
    - 11.1.2.3.2 Deals
  - 11.1.2.4 MnM view
    - 11.1.2.4.1 Key strengths/Right to win
    - 11.1.2.4.2 Strategic choices
    - 11.1.2.4.3 Weaknesses and competitive threats .
- 11.1.3 ROHDE & SCHWARZ .
  - 11.1.3.1 Business overview .
  - 11.1.3.2 Products/Solutions/Services offered
  - 11.1.3.3 Recent developments
    - 11.1.3.3.1 Product launches
    - 11.1.3.3.2 Deals
  - 11.1.3.4 MnM view
    - 11.1.3.4.1 Key strengths/Right to win
    - 11.1.3.4.2 Strategic choices
    - 11.1.3.4.3 Weaknesses and competitive threats .
- 11.1.4 TEKTRONIX, INC.
  - 11.1.4.1 Business overview .
  - 11.1.4.2 Products/Solutions/Services offered .
  - 11.1.4.3 Recent developments
    - 11.1.4.3.1 Product launches
    - 11.1.4.3.2 Deals
  - 11.1.4.4 MnM view
    - 11.1.4.4.1 Key strengths/Right to win
    - 11.1.4.4.2 Strategic choices
    - 11.1.4.4.3 Weaknesses and competitive threats .
- 11.1.5 VIAVI SOLUTIONS INC.
  - 11.1.5.1 Business overview .
  - 11.1.5.2 Products/Solutions/Services offered .
  - 11.1.5.3 Recent developments
    - 11.1.5.3.1 Product launches
    - 11.1.5.3.2 Deals
  - 11.1.5.4 MnM view
    - 11.1.5.4.1 Key strengths/Right to win
    - 11.1.5.4.2 Strategic choices
    - 11.1.5.4.3 Weaknesses and competitive threats .
- 11.1.6 OMEGA ENGINEERING, INC.
  - 11.1.6.1 Business overview
  - 11.1.6.2 Products/Solutions/Services offered .
  - 11.1.6.3 Recent developments
    - 11.1.6.3.1 Product launches
    - 11.1.6.3.2 Deals
- 11.1.7 RENISHAW PLC.
  - 11.1.7.1 Business overview .
  - 11.1.7.2 Products/Solutions/Services offered .
  - 11.1.7.3 Recent developments
    - 11.1.7.3.1 Product launches
    - 11.1.7.3.2 Deals
- 11.1.8 TRESCAL, INC.
  - 11.1.8.1 Business overview .
  - 11.1.8.2 Products/Solutions/Services offered .
    - 11.1.8.2.1 Deals
- 11.1.9 MICRO PRECISION CALIBRATION
  - 11.1.9.1 Business overview .
  - 11.1.9.2 Products/Solutions/Services offered .
  - 11.1.9.3 Recent developments
    - 11.1.9.3.1 Deals
- 11.1.10 OCTAGON PRECISION INDIA PVT. LTD.
  - 11.1.10.1 Business overview .
  - 11.1.10.2 Products/Solutions/Services offered .
  - 11.1.10.3 Recent developments
    - 11.1.10.3.1 Deals
- 11.1.11 TANSON INSTRUMENT
  - 11.1.11.1 Business overview .
  - 11.1.11.2 Products/Solutions/Services offered .
- 11.1.12 MSI VIKING
  - 11.1.12.1 Business overview .
  - 11.1.12.2 Products/Solutions/Services offered .
11.2 OTHER PLAYERS .
- 11.2.1 MITUTOYO CORPORATION
- 11.2.2 MASTER GAGE & TOOL CO.
- 11.2.3 PRATT AND WHITNEY MEASUREMENT SYSTEMS, INC.
- 11.2.4 ADVANTEST CORPORATION
- 11.2.5 NATIONAL INSTRUMENTS CORPORATION
- 11.2.6 ANRITSU
- 11.2.7 KOLB & BAUMANN GMBH & CO KG.
- 11.2.8 FEINMESS SUHL GMBH
- 11.2.9 TESA BROWN & SHARPE (PART OF HEXAGON AB)
- 11.2.10 METTLER TOLEDO .
- 11.2.11 TESTO SE & CO. KGAA
- 11.2.12 TRADINCO INSTRUMENTS
- 11.2.13 TGCI GROUP .
- 11.2.14 MAHR GMBH
- 11.2.15 ESSCO CALIBRATION LABORATORY

12 APPENDIX

12.1 INSIGHTS FROM INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE .
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL .
12.4 CUSTOMIZATION OPTIONS
12.5 RELATED REPORTS .
12.6 AUTHOR DETAILS

Calibration Services Market by Proofreading (In-house, OEM, Third-party Vendor), Application (Mechanical, Electrical, Dimensional, Thermodynamics), Application (Industrial & Automation, Electronics, Aerospace & Defence) and Region - Forecast to 2030