Calibration Services Market at $9.20 Billion by 2032, 5.60% CAGR

Calibration Services Market Size Worth $9.20 Billion By 2032 | CAGR: 5.60%


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, 2024 - 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.

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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

Calibration Services Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 5.95 billion

Revenue Forecast in 2032

USD 9.20 billion

CAGR

5.60% from 2024 - 2032

Base year

2023

Historical data

2019 - 2022

Forecast period

2024 - 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments Covered

By Service Type, By Proofreading, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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