Instrument Calibration Services Global Market Report 2024

The instrument calibration services market size has grown strongly in recent years. It will grow from $1.53 billion in 2023 to $1.67 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The expansion observed in the historic period can largely be attributed to factors such as regulatory compliance demands, the enforcement of quality standards, overall industry growth, the trend towards outsourcing, globalization, the increasing complexity of instruments, and a heightened focus on preventive maintenance.

The instrument calibration services market size is expected to see strong growth in the next few years. It will grow to $2.4 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The anticipated growth during the forecast period can be ascribed to the expanding healthcare sector, the emergence of new industries, a heightened focus on sustainability, a shift towards predictive maintenance, and an increased demand for accredited services. Key trends expected to shape the forecast period include the integration of cloud-based systems, the development of predictive maintenance solutions, enhanced collaboration between service providers and manufacturers, the adoption of remote calibration capabilities, and a growing emphasis on leveraging data analytics for improved service delivery.

The surge in industrial robot deployment is poised to drive the expansion of the instrument calibration services market. Industrial robots, programmable mechanical apparatuses utilized in manufacturing and industrial environments, are increasingly adopted to automate tasks conventionally executed by human labor. This proliferation is attributed to technological advancements, globalization trends, labor scarcities, and the imperative to bridge skill gaps by automating repetitive functions. Instrument calibration services play a crucial role in upholding the precision and safety of industrial robots, ensuring consistent performance and adherence to regulatory standards in manufacturing processes. Notably, in September 2023, the International Federation of Robotics reported a record-breaking 5% increase in industrial robot installations, reaching 553,052 units in 2022, surpassing the previous high of 517,385 units set in 2021. Thus, the expansion of industrial robots is a driving force behind the growth trajectory of the instrument calibration services market.

Prominent players within the instrument calibration services sector are prioritizing the development of phased array calibration solutions to bolster efficiency, precision, and automation in the calibration domain. Phased array calibration solutions represent cutting-edge systems tailored to expedite the development of active electronically scanned arrays for satellite communication applications. For instance, in October 2023, Keysight Technologies, a U.S.-based electronics enterprise, unveiled a sophisticated phased array antenna control and calibration solution tailored for satellite communications. This solution features an intuitive software interface for controlling the antenna under test, a compact antenna test range positioner, and a temperature control unit. The implementation of this innovative system substantially reduces calibration time for complex phased array antennas from hours or days to mere minutes within a laboratory environment, thereby enhancing mission success rates for both commercial and military satellite communications endeavors.

In November 2023, Aldinger Company Inc., a U.S.-based provider of calibration and repair services, finalized the acquisition of Instrument Technologies, augmenting its calibration and repair service portfolio for test and measurement equipment. This acquisition not only expands Aldinger's capabilities but also enhances its expertise in serving diverse industries such as agriculture and aviation, while bolstering its on-site calibration offerings. Instrument Technologies, headquartered in the U.S., specializes in delivering calibration services and training, aligning with Aldinger's strategic objectives to broaden its service spectrum and reinforce its market presence.

Major companies operating in the instrument calibration services market are Siemens AG, Lockheed Martin, General Electric Company, ABB Group, CMS Energy, Eurofins Scientific, SGS S.A, Bureau Veritas, Tektronix, Fluke Corporation, Keysight Technologies Inc., Intertek Group PLC, Endress+Hauser, TÜV SÜD, Cal Inc., Rohde & Schwarz GmbH & Co KG, Transcat Inc., Mitutoyo Corporation, Technical Maintenance, ESSCO Calibration Laboratory, Trescal Inc., Tradinco Instruments, Optical Test and Calibration Ltd, GE Kaye, Micro Precision Calibration.

Asia-Pacific was the largest region in the instrument calibration services market in 2023. The regions covered in the instrument calibration services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the instrument calibration services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Instrument calibration services involve the systematic adjustment and validation of the accuracy and precision of measuring instruments and equipment against recognized standards. These services are conducted by proficient technicians or specialized calibration labs, utilizing calibrated reference standards alongside meticulous measurement protocols. This ensures that instruments deliver dependable and accurate readings within defined tolerances.

Key categories of instrument calibration services encompass electrical calibration, mass standards calibration, temperature calibration, among others. Electrical calibration services focus on fine-tuning and certifying the accuracy of electrical measuring instruments and tools. This type of service caters to a wide array of applications including, but not limited to, pharmaceutical and biomedical sectors, industrial and automotive fields, electronics, communication, as well as aerospace and defense industries. It serves various end-users such as manufacturing entities, research and development facilities, and government and defense sectors.

The instrument calibration services market research report is one of a series of new reports that provides instrument calibration services market statistics, including instrument calibration services industry global market size, regional shares, competitors with an instrument calibration services market share, detailed instrument calibration services market segments, market trends and opportunities, and any further data you may need to thrive in the instrument calibration services industry. This instrument calibration services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The instrument calibration services market includes revenues earned by entities by providing services such as in-house calibration, equipment repair and adjustment, instrument maintenance, instrument rental and leasing, and training and consultation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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