Press release
Instrument Calibration Services Market Expansion Continues, with Forecast Valuation of $2.62 Billion by 2029
Instrument Calibration Services
Instrument Calibration Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for instrument calibration services has been experiencing robust growth in the past few years. The market, which stood at $1.67 billion in 2024, is projected to rise to $1.83 billion in 2025, signifying a compound annual growth rate (CAGR) of 9.8%. The reasons for the growth experienced during the historical period include regulatory compliance, quality standards, industry growth, the trend of outsourcing, globalization, an increase in instrument complexity, and an emphasis on preventive maintenance.
Instrument Calibration Services Market Size Forecast: What's the Projected Valuation by 2029?
In the forthcoming years, we expect the instrument calibration services market to witness robust growth. By 2029, its value is projected to reach $2.62 billion, growing at a compound annual growth rate (CAGR) of 9.4%. Factors such as the expanding healthcare industry, the rise of new sectors, a focus on sustainability, a shift towards predictive maintenance, and a need for accredited services contribute to the growth during the forecast period. Other significant trends during this period will be the incorporation of cloud-based systems, building of predictive maintenance solutions, collaborations between service providers and manufacturers, the use of remote capabilities, and a growing focus on data analytics.
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What Are the Drivers Transforming the Instrument Calibration Services Market?
The instrument calibration services market is anticipated to expand alongside the growth of industrial robots. These programmable mechanical robots, utilized in manufacturing and industrial environments, serve to automate processes typically carried out by humans. Their usage is on the rise due to technological progression, globalization, labor constraints, and the skills gap, as they handle repeated tasks. Calibration services are key to guaranteeing the precision and safety of these robots, giving assurance of their reliable performance and regulatory compliance in manufacturing tasks. For instance, the International Federation of Robotics, a trade organization based in Germany, reported in September 2023 that installations of industrial robots reached an all-time high of 553,052 units in 2022. This indicates a significant 5% increase from the earlier record of 517,385 units in 2021. As a result, the increased adoption of industrial robots stimulates the growth of the instrument calibration services market.
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What Long-Term Trends Will Define the Future of the Instrument Calibration Services Market?
Key players in the instrument calibration services market are emphasizing the creation of phased array calibration solutions to boost precision, efficiency, and automation in the calibration procedure. The cutting-edge phased array calibration system is custom-made to advance the production of active electronically scanned arrays for applications in satellite communications. For example, in October 2023, Keysight Technologies, an electronics firm based in the US introduced a phased array antenna control and calibration solution meant for satellite communications. It comes with a user-intuitive software interface that handles the antenna subject to testing, a compact range positioner for antenna test, and a unit for temperature control. This inventive system greatly minimizes the duration necessary to calibrate intricate phased array antennas from numerous hours or possibly days, to a few minutes only in a lab surrounding, thus increasing the success rate for commercial as well as military satellite communications.
Which Segments in the Instrument Calibration Services Market Offer the Most Profit Potential?
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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Which Firms Dominate the Instrument Calibration Services Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Instrument Calibration Services Market?
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.
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