Press release
Instrument Calibration Services Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Instrument Calibration Services Market Share
The instrument calibration services market will grow from $1.67 billion in 2024 to $1.83 billion in 2025, reflecting a CAGR of 9.8%. Growth drivers include regulatory compliance, quality standards, industry growth, outsourcing trends, globalization, the rising complexity of instruments, and a focus on preventive maintenance.
The Instrument Calibration Services market is expected to grow to $2.62 billion by 2029 at a CAGR of 9.4%, driven by the healthcare sector and predictive maintenance. Trends include cloud-based systems, remote capabilities, and collaboration between providers and manufacturers.
What Factors Are Propelling the Expansion of the Instrument Calibration Services Market?
The expansion of industrial robots is expected to boost the growth of the instrument calibration services market. Industrial robots are increasingly used to automate repetitive tasks in manufacturing and industrial settings, driven by technological advancements and labor shortages. Calibration services are essential for maintaining the accuracy and safety of these robots, ensuring reliable performance. The International Federation of Robotics reported that industrial robot installations reached a record 553,052 units in 2022, reflecting the growing demand for instrument calibration services as the application of industrial robots expands.
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Which Businesses Are at the Forefront of Instrument Calibration Services Market Development?
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
What Are the Latest Innovations in the Instrument Calibration Services Market?
Companies in the instrument calibration services market are focusing on phased array calibration solutions to improve calibration efficiency, accuracy, and automation. These solutions are designed for satellite communications applications and facilitate the development of active electronically scanned arrays. For instance, in October 2023, Keysight Technologies, a US-based electronics company, introduced a phased array antenna control and calibration solution for satellite communications. This solution includes an easy-to-use software interface, a compact antenna test range, and a temperature control unit. It significantly reduces calibration time from hours to minutes, improving mission success for both commercial and military satellite communications.
How Is the Instrument Calibration Services Market Segmented?
The instrument calibration services market covered in this report is segmented -
1) By Type: Electrical Calibration Services, Mass Standards Calibration Services, Temperature Calibration Services, Other Types
2) By Application: Pharmaceutical And Biomedical, Industrial And Automotive, Electronics, Communication, Aerospace And Defense, Other Applications
3) By End-User: Manufacturing, Research And Development, Government And Defense, Other End Users
Subsegments:
1) By Electrical Calibration Services: Voltage Calibration, Current Calibration, Resistance Calibration, Frequency Calibration
2) By Mass Standards Calibration Services: Weighing Scale Calibration, Mass Flow Calibration, Mass Comparator Calibration
3) By Temperature Calibration Services: Thermocouple Calibration, Rtd Calibration, Infrared Thermometer Calibration
4) By Other Types: Pressure Calibration Services, Humidity Calibration Services, Flow Calibration Services
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Where Is the Instrument Calibration Services Market Growth Most Prominent?
Asia-Pacific was the largest region in the instrument calibration services market in 2024. 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.
What Is Covered In The Instrument Calibration Services Global Market Report?
- Market Size Analysis: Analyze the Instrument Calibration Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Instrument Calibration Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Instrument Calibration Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Instrument Calibration Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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