Product Code: PM3841
The global calibration services market size is expected to reach USD 9.20 billion by 2032, according to a new study by Polaris market research. The report "Calibration Services Market Share, Size, Trends, Industry Analysis Report, By Service Type (Mechanical, Electrical, Dimensional, and Thermodynamics); By Proofreading; By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Several technological advances, such as the accessibility of tissue-mimicking 3D phantoms and developments in 3D printing technology, are fueling the market's expansion. The major players are focusing on the launches of advanced calibration instruments that are boosting market growth over the forecast period. For instance, in May 2023, Trimble introduced the X9 3D laser scanning system, a revolutionary reality capture solution for surveyors, builders, and engineers. Trimble's laser scanning technologies are at the heart of the X9, which has been created for performance in a variety of situations by utilizing Trimble X-Drive technology for automatic calibration of instruments, survey-grade self-leveling, and an optical pointer for georeferencing.
Furthermore, in July 2022, Meltio Company announced a new Laser Calibration System, allowing for a more rapid and dependable print process to improve user experience. Meltio's "Laser Calibration System" allows individuals to focus and calibrate the company's laser deposition head on all 3 of its metal 3-D printing solutions.
The rising major player's initiatives, such as product launches, technology adoption, mergers and acquisitions, partnerships, and rising investments, among others, are the factors boosting the growth of the market over the forecast period. For instance, in November 2022, Tektronix Inc. established an official cooperation with BRIDG, a non-profit public-private partnership specializing in advanced integration of systems as well as integrated circuit packaging. The partnership will help to improve advanced semiconductor package testing facilities in the United States. Hence, this is driving the market growth over the forecast period.
The introduction of 5G technology has created a substantial opportunity for the calibration service sector. 5G networks run at greater frequencies than earlier cellular network generations, necessitating more accurate and precise calibration of communication equipment and testing tools. Furthermore, 5G technology is enabling a slew of new applications, like the Internet of Things (loT), driverless vehicles, augmented reality, and virtual reality. As 5G networks are deployed around the world, the demand for calibrated instruments for network testing, optimization, and troubleshooting grows.
Calibration Services Market Report Highlights
Aerospace and Defense will grow at rapid pace, owing to the industries meeting the stringent requirements
In-house segment accounted for largest revenue share which is accelerated by the benefits such as in-house service being employed to maintain the precision of instruments and equipment
Asia-Pacific is expected to grow at a significant CAGR over the projected period on account of the rising rapid industrialization in the region.
The global players include: ABB, Agilent, Endress+Hauser, Fluke Corporation, General Electric, Keysight Technologies., Micro Precision Calibration, Optical Test and Calibration., Rohde & Schwarz, Sulzer
Polaris market research has segmented the Calibration Services market report based on service type, proofreading, application, and region:
Calibration Services, Service Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Mechanical
- Electrical
- Dimensional
- Thermodynamics
Calibration Services, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Industrial & Automation
- Electronics
- Aerospace & Defense
- Communication
- Others
Calibration Services, Proofreading Outlook (Revenue - USD Billion, 2019 - 2032)
- In-house
- OEM
- Laboratories
- Third-Party Vendor
Calibration Services, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Calibration Services Market Insights
- 4.1. Calibration Services Market - Proofreading Snapshot
- 4.2. Calibration Services Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising need for calibration services
- 4.2.1.2. Technological Advancements
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High initial costs
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Calibration Services Market Proofreading Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Calibration Services Market, by Services Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 5.3. Mechanical
- 5.3.1. Global Calibration Services Market, by Mechanical, by Region, 2019-2032 (USD Billion)
- 5.4. Electrical
- 5.4.1. Global Calibration Services Market, by Electrical, by Region, 2019-2032 (USD Billion)
- 5.5. Dimensional
- 5.5.1. Global Calibration Services Market, by Dimensional, by Region, 2019-2032 (USD Billion)
- 5.6. Thermodynamics
- 5.6.1. Global Calibration Services Market, by Thermodynamics, by Region, 2019-2032 (USD Billion)
6. Global Calibration Services Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 6.3. Industrial & Automation
- 6.3.1. Global Calibration Services Market, by Industrial & Automation, by Region, 2019-2032 (USD Billion)
- 6.4. Electronics
- 6.4.1. Global Calibration Services Market, by Electronics, by Region, 2019-2032 (USD Billion)
- 6.5. Aerospace & Defense
- 6.5.1. Global Calibration Services Market, by Aerospace & Defense, by Region, 2019-2032 (USD Billion)
- 6.6. Communication
- 6.6.1. Global Calibration Services Market, by Communication, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Calibration Services Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Calibration Services Market, by Proofreading
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 7.3. In-house
- 7.3.1. Global Calibration Services Market, by In-house, By Region, 2019-2032 (USD Billion)
- 7.4. OEM
- 7.4.1. Global Calibration Services Market, by OEM, By Region, 2019-2032 (USD Billion)
- 7.5. Laboratories
- 7.5.1. Global Calibration Services Market, by Laboratories, By Region, 2019-2032 (USD Billion)
- 7.6. Third-Party Vendor
- 7.6.1. Global Calibration Services Market, by Third-Party Vendor, By Region, 2019-2032 (USD Billion)
8. Global Calibration Services Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Calibration Services Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Calibration Services Market - North America
- 8.3.1. North America: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.3.3. North America: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Calibration Services Market - U.S.
- 8.3.4.1. U.S.: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Calibration Services Market - Canada
- 8.3.5.1. Canada: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.4. Calibration Services Market - Europe
- 8.4.1. Europe: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.4.3. Europe: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Calibration Services Market - UK
- 8.4.4.1. UK: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Calibration Services Market - France
- 8.4.5.1. France: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.4.5.3. France: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Calibration Services Market - Germany
- 8.4.6.1. Germany: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Calibration Services Market - Italy
- 8.4.7.1. Italy: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Calibration Services Market - Spain
- 8.4.8.1. Spain: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Calibration Services Market - Netherlands
- 8.4.9.1. Netherlands: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Calibration Services Market - Russia
- 8.4.10.1. Russia: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.5. Calibration Services Market - Asia Pacific
- 8.5.1. Asia Pacific: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Calibration Services Market - China
- 8.5.4.1. China: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.5.4.3. China: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Calibration Services Market - India
- 8.5.5.1. India: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.5.5.3. India: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Calibration Services Market - Malaysia
- 8.5.6.1. Malaysia: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Calibration Services Market - Japan
- 8.5.7.1. Japan: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Calibration Services Market - Indonesia
- 8.5.8.1. Indonesia: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Calibration Services Market - South Korea
- 8.5.9.1. South Korea: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.6. Calibration Services Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Calibration Services Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Calibration Services Market - UAE
- 8.6.5.1. UAE: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Calibration Services Market - Israel
- 8.6.6.1. Israel: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Calibration Services Market - South Africa
- 8.6.7.1. South Africa: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.7. Calibration Services Market - Latin America
- 8.7.1. Latin America: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Calibration Services Market - Mexico
- 8.7.4.1. Mexico: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Calibration Services Market - Brazil
- 8.7.5.1. Brazil: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Calibration Services Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Calibration Services Market - Argentina
- 8.7.6.1. Argentina: Calibration Services Market, by Services Type, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Calibration Services Market, by Proofreading, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Calibration Services Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. ABB
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Agilent
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Endress+Hauser
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Fluke Corporation
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. General Electric
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Keysight Technologies
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Micro Precision Calibration
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Optical Test and Calibration
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Rohde & Schwarz
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Siemens Aktiengesellschaft
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Simco Electronics
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Sulzer
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Tradinco Instruments
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Transcat
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Trescal Holdings
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development