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Calibration Services Market

Market Study on Calibration Services: Focus on Innovations in 3D Printing to Create New Opportunities!

Calibration Services Market by Service Type (House, Laboratories, Original Equipment Manufacturers, Third-Party Services)

Calibration Services Market Outlook (2023 to 2030)

The Calibration Services Market size stood at US$6,749.7 Mn in 2023. It would expand at a CAGR of 5.6% from 2023 to 2030. The market is anticipated to surpass US$9,884.0 Mn by 2030.

An authorized calibration service provider conducts recorded calibration services in a recognized and controlled calibration laboratory. They are used to find any errors and deviations in a variety of instruments.

These include digital mustimeters, clamp-on mustimeters, force gauges, oscilloscopes, dial indicators, clamp-on ammeters, data acquisition system, clamp-on calipers, and digital mustimeters.

They provide rental services for measurement equipment or assistance with the purchase of new equipment. They also help manage, obtain, and repair the instruments.

They further help in early detection of potential instrument failures and in assuring peak performance to save downtime and boost productivity. They give the machinery the precision it needs to produce output that is of consistently high quality.

They reduce measuring errors and boost confidence in taking accurate measurements. Need for calibration services is expanding globally. They aid in reducing the requirement for corrective maintenance in between regular maintenance and calibration checks.

Due to ongoing industrialization and increased need for testing & measuring devices around the world, there is an increasing the demand for calibration services. It is one of the main drivers of the market. Rising public awareness of the importance of maintaining and safeguarding equipment would also boost sales.

Expansion of several third-party calibration service providers for outsourcing is providing industry investors with lucrative expansion potential. Need for temperature calibration utilizing various tools such as platinum resistance thermometers, thermocouples, and thermistors, is also rising worldwide.

It is having a favorable impact on the market, along with increasing attention to preventative maintenance. A number of technological developments, including availability of tissue-imitating 3D phantoms and innovations in the field of 3D printing, are driving the market's expansion.

Attributes Key Insights
Calibration Services Market Estimated Size (2022E) US$6,749.7 Mn
Projected Market Valuation (2030F) US$9,884.0 Mn
Value-based CAGR (2023 to 2030) 5.6%
USA Value-based CAGR (2023 to 2030) 4.7%
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How Will Sales of Calibration Services between 2017 and 2021 Outpace Demand from 2023 to 2030?

As per Persistence Market Research (PMR), the calibration services market exhibited considerable growth at a CAGR of 6.7% from 2017 to 2021. It is projected to witness 5.8% CAGR during the evaluation period.

The electronics manufacturing sector has been at the forefront of incorporating calibration services in recent years. Calibration service demand increased significantly from 2017 to 2021.

Rapid industrialization, which is also accompanied by increasing requirements for testing and measuring instruments, is one of the factors fueling expansion. Demand in the industry is also being fueled by rising public awareness of the need for maintaining and preserving equipment.

Emphasis on preventative maintenance, stringent government regulations, and increased concerns for quality have all been cited as key drivers. The industry has surged as a result of the development of several third-party calibration service providers for outsourced services.

Improvements in 3D printing technology among various technological developments act as additional forces driving expansion. Numerous factors such as research and development, are anticipated to further accelerate market expansion and significantly increase revenue.

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Top Calibration Services Market Trends Listed by Persistence Market Research (PMR)

  • Key factors that are increasing demand for calibration services are rapid industrialization and surging awareness.
  • Tools and equipment used in numerous sectors are becoming more sophisticated and complicated as technology progresses.
  • To make sure that these sophisticated devices are working to the relevant requirements, calibration services are required worldwide.
  • Several businesses are adopting a proactive approach to the maintenance and calibration of their equipment.
  • There has been an increasing awareness of the advantages of routine calibration services across the globe.
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Which Factors are Restraining Calibration Services Demand Worldwide?

  • High cost and increasing automation are a couple of prominent factors hindering calibration service sales worldwide.
  • A few businesses might be using automated or self-calibrating systems as a result of growing usage of automation and digital technology.
  • Need for calibration services has hence declined as a result of automation.
  • Numerous businesses are not aware of the value of calibration and do not completely comprehend the calibration procedure.
  • Calibration services are quite expensive, especially for specialist equipment.
  • This makes it challenging for certain businesses to defend the expense of routine calibration and restrains growth.
  • There is a scarcity of skilled specialists in a few regions since calibration necessitates particular knowledge and abilities.
  • This can reduce the selection of calibrating services and hence restrict market expansion.
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Which Region would Create Significant Opportunities for Calibration Service Providers?

Europe is set to hold a significant calibration services market share throughout the projection period. Growing need for calibration services in the electronics manufacturing sector has led to expansion of the Europe market.

The projected CAGR of Europe is about 41.8%. Micro Precision Calibration Inc. is one of the leading companies in the Europe calibration services industry.

Country-wise Insights

Why is the United States of America Showcasing Exponential Demand for Traceable Calibration Services?

The United States of America calibration services sector is expected to be worth US$ 2.6 billion by 2030. It would create an absolute dollar growth opportunity of US$ 1.0 billion in the next ten years.

The United States of America market witnessed growth at a CAGR of 5.2% from 2017 to 2021. It is likely to flourish at a CAGR of 4.7% from 2023 to 2030.

In October 2022, a high-speed test solution to implement PCIe 6.0 was developed by Tektronix. According to reports, the 64 GT/s (PAM4) Rx calibrations in the Tektronix PCIe 6.0 basic Rx solution are among one of the fastest in the market. Algorithms of the test solution are created to handle the problem of calibrating the transmitter's extra precursor. It was introduced to the 6.0 base specification.

Why are Universal Calibration Services Showcasing Immense Popularity in the United Kingdom?

The United Kingdom calibration services market is expected to be worth US$ 1.0 billion by 2030. It would create an absolute dollar opportunity of US$ 370.5 million in the next ten years.

The United Kingdom calibration services industry exhibited a CAGR of 5.5% from 2017 to 2021. It would broaden at a CAGR of 5.0% from 2023 to 2030.

Solutions for USB4 Version 2.0 were made available by the United Kingdom-based company Keysights in November 2022. It was made available to improve design performance and guarantee standard observance.

Both the D9050USBC USB 80 Gbps Transmitter Test (Tx) software and N5991U42A USB 80Gbps Receiver Compliance (Rx) Test software are now available. It also includes Decoding and D9010USBP USB Protocol Trigger. At the same time, it has N7019A USB Type-C Active Link Fixture.

It incorporates W3081E USB4 Version 2.0 IBIS-AMI models for 80gbps USB devices. It also has the N7019A USB Type-C Active Link Fixture from Keysight.

Is China a Leading Calibration & Network Services Hub?

China calibration services market is expected to be worth US$ 1.0 billion by 2030. It would create an incremental opportunity of US$ 490.9 million from 2023 to 2030.

The country witnessed growth at a CAGR of 8.2% from 2017 to 2021. It is expected to flourish at a CAGR of 6.8% from 2023 to 2030.

In China, the market for calibration services is anticipated to expand rapidly during the next ten years. The China market is expanding as a result of rising need for accurate measuring equipment across a few sectors. These include energy, automotive, aerospace, and healthcare.

Overall, it is anticipated that China calibration services industry will experience significant growth over the next ten years. It is due to rising demand for accurate and trustworthy measurement instruments. Adoption of advanced manufacturing & automation technologies and rising awareness of advantages of calibration services would also drive demand.

Would Japan Showcase High Calibration Service Sales by 2030?

Japan calibration services market is likely to be worth US$ 860.4 million by 2030. It is set to create an absolute dollar opportunity of US$ 345.3 million in the forecast period.

Japan witnessed steady growth at a CAGR of 5.9% from 2017 to 2021. It is expected to expand at a CAGR of 5.3% from 2022 to 2030.

The OpreX Magnetic Flowmeter CA Series was introduced in September 2022 by a Japan-based business called Yokogawa. The new product line is being introduced by the OpreX Field Instruments Group to replace its ADMAG CA Series.

Magnetic flowmeters in this new range are capacitance-type devices. Without the conductive fluids coming into touch with the device's electrodes, it can measure the flow of fluids through a measurement tube.

The series offers innovative features that would improve use, upkeep, and operational effectiveness. It can also start the building of an unwetted electrode.

Category-wise Insights

Which is the Highly Preferred Type of Calibration Equipment Service across the Globe?

The electrical calibration type segment is projected to witness a significant share in the forecast period. It has numerous applications in the electronics manufacturing sector.

CAGR of the electrical calibration segment was around 6.5% from 2017 to 2021. It is estimated to expand at around 5.7% from 2023 to 2030.

Which End-use Industry is set to be a Prominent Adopter of Calibration Services & Solutions?

Electronics manufacturing is projected to be the leading end-use industry segment. Expansion of consumer electronics can be connected to growth in this segment.

CAGR of the electronics manufacturing category was around 6.3% from 2017 to 2021. It is predicted to elevate by 5.6% from 2023 to 2030.

Military calibration services market growth is predicted to offer lucrative opportunities. Emergence of industry 5.0, increased need for industry 4.0 standards, and technological advancements are to blame for the same.

Competitive Landscape

Market participants are engaging in a variety of strategic activities to improve their product portfolios, increase market share, and acquire a competitive edge. These initiatives include bringing in new strategic partnerships, alliances, acquisitions & mergers, and international expansions.

For instance, Tektronix introduced Tek Drive, a revolutionary data collaboration platform, in December 2020. It allows for the interchange and recall of data in real time on an oscilloscope. It is the first all-purpose testing and evaluation file system with spherical data displays.

A few recent developments in the calibration services market are:

  • In January 2022, Seahorse XF Pro Analyzer was introduced by Agilent Technologies. It has an improved speed, more robust & effective workflows, and an enhanced user experience. The XF Pro gives operators of any skill level access to the most cutting-edge cellular metabolic analytic technologies. These can be used for comprehending cellular destiny, fitness, and function.
  • In April 2021, Quick Vision Pro Series, a CNC Vision Measuring System, was released by Mitutoyo. The CNC Vision Measuring System is essential for measuring dimensions of semiconductors and electrical devices. It allows for high-speed, automated measurements to be made without physical touch. With the addition of Strobe LED illumination, all Quick Vision Pro versions feature a 40% increase in measuring throughput over the prior generation. Optional features include the stream function for continuous measuring. Measurements might be taken continuously due to synchronization between the main unit operation and the strobe light.
  • In December 2021, the Cary 3500 UV-Vis Spectrophotometer was announced by Agilent Technologies. A cutting-edge data system, the Cary 3500 UV-Vis software can concurrently gather data from standards and unknowns. It can also automatically produce a calibration curve and calculate sample concentration data in a single measurement in less than five seconds. Data quality is enhanced, and measurement-related variability is eliminated. It is due to this effective and automated data gathering & processing. In order to comply with international regulatory standards, the Cary 3500 UV-Vis data can now be controlled, safeguarded, and kept in a secure central database.

Scope of the Report

Attribute Details
Estimated Market Size (2023) US$6,749.7  Mn
Projected Market Valuation (2030) US$9,884.0 Mn
Value-based CAGR (2022 to 2030) 5.6%
Forecast Period 2023 to 2030
Historical Data Available for 2017 to 2021
Market Analysis Value (US$ billion)
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa
Key Countries Covered
  • United States of America
  • United Kingdom
  • Germany
  • France
  • Spain
  • Italy
  • Japan
  • China
  • Singapore
  • Malaysia
  • Sri Lanka
  • Kingdom of Saudi Arabia
  • United Arab Emirates
  • South Korea
  • Finland
  • Hungary
  • Rest of the World
Key Segments Covered
  • Service Type
  • Calibration Type
  • End-use Industry
  • Region
Key Companies Profiled
  • Keysight Technologies
  • Trescal Inc.
  • Rohde & Schwarz
  • ABB Ltd
  • Endress+Hauser
  • Tektronix 
  • TUV SUD
  • Fluke
  • Testo 
  • Hexagon
Report Coverage
  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Calibration Services Market Outlook by Category

By Service Type:

  • House
  • Laboratories
  • Third-Party Services
  • Original Equipment Manufacturers

By Calibration Type:

  • Electrical
  • Mechanical
  • Thermodynamic
  • Physical/Dimensional

By End-use Industry:

  • Electronics Manufacturing
  • Communication
  • Aerospace and Defense
  • Automotive

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • Keysight Technologies
  • Trescal Inc.
  • Rohde & Schwarz
  • ABB Ltd
  • Endress+Hauser
  • Tektronix 
  • TUV SUD
  • Fluke
  • Testo 
  • Hexagon

- Frequently Asked Questions -

The global calibration services industry was reported at US$ 6.6 billion in 2021.

The calibration services industry surpassed a valuation of US$ 7.0 billion in 2022.

The calibration services industry is expected to reach a valuation of US$ 12.4 billion by 2032.

The calibration services industry registered a CAGR of 6.7% over the last 4 years.

The calibration services industry is projected to witness a CAGR of 5.8% from 2022 to 2032.

Electrical calibration type segment is expected to garner a significant value share by 2022.

Estimates predict that between 2022 and 2032, the calibration services industry in China would expand at a CAGR of around 6.8%.

It is anticipated that sales of calibration services in the USA will increase at a CAGR of around 4.7% from 2022 to 2032.

The calibration services industry in South Korea will increase at a CAGR of around 6.2% and there will be a CAGR growth of 5.3% in Japan in the assessment period.

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