The Asia Pacific Calibration Services Market should witness market growth of 5.6% CAGR during the forecast period (2023-2030).
As industries in employ more sophisticated equipment and require calibration services to assure accuracy and compliance, developing economies provide enormous development prospects for calibration service providers. Service providers can expand their calibration services by including new parameters, like environmental monitoring, vibration analysis, and sound level measurements, to meet the evolving needs of industries. Collaborations with equipment manufacturers, industry associations, and regulatory bodies can assist calibration service providers in enhancing their credibility, expanding their customer base, and gaining a competitive advantage.
With cutting-edge calibration management software, remote calibration services, and IoT-enabled calibration management, the market is experiencing a trend toward automation and digitization. These technologies enhance productivity, minimize human error, and provide real-time monitoring and control. ML and AI algorithms are used to analyze calibration data, predict equipment failures, optimize calibration schedules, and improve the precision and dependability of calibration processes.
Industries can minimize equipment downtime and disruptions owing to service providers' on-site and mobile calibration services. By eliminating the need to transport apparatus to external facilities, on-site calibration saves time and cost. Service providers employ eco-friendly practices, energy-efficient equipment, and waste management techniques to reduce their environmental impact and increase market growth.
China published a development plan for the medical equipment industry on December 28 2021 for the 14th Five-Year Plan period (2021-2025) to improve public health. According to the plans, the nation wants to hasten the adoption of information technology in the medical equipment sector by 2025, resulting in the development of medical robots and digital health platforms. The plan, published jointly by ten government agencies, also outlines measures to create medical equipment to support community-based care for older people in response to the national strategy for population aging. Medical devices and instruments must be precisely calibrated to assure patient safety and regulatory compliance. Hence, the expansion of healthcare services and the demand for accurate medical instruments will drive the market in this region.
The China market dominated the Asia Pacific Calibration Services Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $776.4 million by 2030. The Japan market is registering a CAGR of 5% during (2023-2030). Additionally, India's market would showcase a CAGR of 6.2% during (2023-2030).
Based on Application, the market is segmented into Industrial & Automation, Electronics, Aerospace & Defense, Communication and Others. Based on Service Category, the market is segmented into Electrical, Mechanical, Dimensional and Thermodynamics. Based on Proofreading, the market is segmented into In-house, Third-party Calibration and Manufacturer's Calibration. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Keysight Technologies, Inc., Hexagon AB, Rohde & Schwarz GmbH & Co. KG, Fortive Corporation (Tektronix, Inc.), Viavi Solutions, Inc., Advantest Corporation, National Instruments Corporation, Anritsu Corporation, Trescal SA (EQT AB) and Omega Engineering, Inc. (Arcline Investment Management)
As industries in employ more sophisticated equipment and require calibration services to assure accuracy and compliance, developing economies provide enormous development prospects for calibration service providers. Service providers can expand their calibration services by including new parameters, like environmental monitoring, vibration analysis, and sound level measurements, to meet the evolving needs of industries. Collaborations with equipment manufacturers, industry associations, and regulatory bodies can assist calibration service providers in enhancing their credibility, expanding their customer base, and gaining a competitive advantage.
With cutting-edge calibration management software, remote calibration services, and IoT-enabled calibration management, the market is experiencing a trend toward automation and digitization. These technologies enhance productivity, minimize human error, and provide real-time monitoring and control. ML and AI algorithms are used to analyze calibration data, predict equipment failures, optimize calibration schedules, and improve the precision and dependability of calibration processes.
Industries can minimize equipment downtime and disruptions owing to service providers' on-site and mobile calibration services. By eliminating the need to transport apparatus to external facilities, on-site calibration saves time and cost. Service providers employ eco-friendly practices, energy-efficient equipment, and waste management techniques to reduce their environmental impact and increase market growth.
China published a development plan for the medical equipment industry on December 28 2021 for the 14th Five-Year Plan period (2021-2025) to improve public health. According to the plans, the nation wants to hasten the adoption of information technology in the medical equipment sector by 2025, resulting in the development of medical robots and digital health platforms. The plan, published jointly by ten government agencies, also outlines measures to create medical equipment to support community-based care for older people in response to the national strategy for population aging. Medical devices and instruments must be precisely calibrated to assure patient safety and regulatory compliance. Hence, the expansion of healthcare services and the demand for accurate medical instruments will drive the market in this region.
The China market dominated the Asia Pacific Calibration Services Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $776.4 million by 2030. The Japan market is registering a CAGR of 5% during (2023-2030). Additionally, India's market would showcase a CAGR of 6.2% during (2023-2030).
Based on Application, the market is segmented into Industrial & Automation, Electronics, Aerospace & Defense, Communication and Others. Based on Service Category, the market is segmented into Electrical, Mechanical, Dimensional and Thermodynamics. Based on Proofreading, the market is segmented into In-house, Third-party Calibration and Manufacturer's Calibration. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Keysight Technologies, Inc., Hexagon AB, Rohde & Schwarz GmbH & Co. KG, Fortive Corporation (Tektronix, Inc.), Viavi Solutions, Inc., Advantest Corporation, National Instruments Corporation, Anritsu Corporation, Trescal SA (EQT AB) and Omega Engineering, Inc. (Arcline Investment Management)
Scope of the Study
By Application
- Industrial & Automation
- Electronics
- Aerospace & Defense
- Communication
- Others
By Service Category
- Electrical
- Mechanical
- Dimensional
- Thermodynamics
By Proofreading
- In-house
- Third-party Calibration
- Manufacturer's Calibration
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Keysight Technologies, Inc.
- Hexagon AB
- Rohde & Schwarz GmbH & Co. KG
- Fortive Corporation (Tektronix, Inc.)
- Viavi Solutions, Inc.
- Advantest Corporation
- National Instruments Corporation
- Anritsu Corporation
- Trescal SA (EQT AB)
- Omega Engineering, Inc. (Arcline Investment Management)
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Calibration Services Market by Application
Chapter 6. Asia Pacific Calibration Services Market by Service Category
Chapter 7. Asia Pacific Calibration Services Market by Proofreading
Chapter 8. Asia Pacific Calibration Services Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Keysight Technologies, Inc.
- Hexagon AB
- Rohde & Schwarz GmbH & Co. KG
- Fortive Corporation (Tektronix, Inc.)
- Viavi Solutions, Inc.
- Advantest Corporation
- National Instruments Corporation
- Anritsu Corporation
- Trescal SA (EQT AB)
- Omega Engineering, Inc. (Arcline Investment Management)
Methodology
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