Insights Into The Calibration Services Market’s Growth Opportunities Through 2023-2032 – Includes Calibration Services Market Analysis
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Rapid industrialization is expected to fuel innovation in calibration services manufacturing, propelling the market during the forecast period.
The global calibration services market is expected to grow from $5.91 billion in 2022 to $6.37 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The calibration services market size is expected to grow to $8.38 billion in 2027 at a CAGR of 7.1%.
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Global Calibration Services Market Segments Include:
- By Service: In-House, OEMs (Original Equipment Manufacturer), Third-Party Service
- By Calibration: Electrical, Mechanical, Thermodynamic, Physical Or Dimensional, Other Calibrations
- By End Use: Electronics Manufacturing, Communication, Aerospace And Defense, Automotive, Other End-Uses
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global calibration services market in 2021.
Major Market Players in the calibration services market include ABB Ltd., Endress+Hauser AG, Micro Precision Calibration Inc., Rohde & Schwarz GmbH & Co KG, Siemens Aktiengesellschaft, Simco Electronics.
Adoption of innovative products is a key trend that is gaining traction in the calibration services market. Calibration service providers are increasingly focusing on innovative calibration machine solutions in order to provide effective and efficient calibration services to customers, such as improved accuracy and repeatability. Providing effective and efficient calibration services allows market participants to stay ahead of the competition and gain a competitive advantage. Renishaw plc, a UK-based company that specialises in coordinate-measuring machines and machine tool products, for example, introduced a new CNC probe calibration machine in July 2022. The ACS-1 (Advanced Calibration Sphere) is a new innovative solution for improving the accuracy and repeatability of CNC machine tool probe calibration. The ACS-1 (Advanced Calibration Sphere) is intended to improve machine tool measurement accuracy by eliminating manual calibration steps. The ACS-1’s magnetic base is used to secure it to the machine tool’s table or chuck. A test bar (or other instrument of defined length) creates an exact datum surface by pressing the plunger down to the correct position and locking it in place. The calibration disc (the top surface of the lockable plunger) can be used to precisely calibrate the entire length of the probe. Adopting this innovative machine will allow market participants to provide effective and efficient calibration services.
The Calibration Services Global Market Report 2023 provides a calibration services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The calibration services market forecast analyzes calibration services market size, calibration services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Calibration services refer to a service aimed at detecting the inaccuracy and uncertainty (dimensional standards) of a measuring instrument or piece of equipment. To begin calibration, the tolerances of the types of measures or measuring instruments are set to normal values, and the device under test (DUT) is compared to a reference of known value to evaluate the measurement’s deviation from the true value. Errors are defined as discrepancies between the measured and actual values.
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