What Is The Long-Term Forecast For The Instrument Calibration Services Market Growing At 9% CAGR?
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What Are The Market Size Estimates For The Instrument Calibration Services Market?
The market for instrument calibration services has seen robust growth in the past few years. Rising from $1.67 billion in 2024, the market is projected to grow to $1.82 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 9.1%. Factors such as regulatory compliance, quality standards, industry growth, the trend of outsourcing, globalization, increased instrument complexity, and a focus on preventive maintenance have all contributed to the growth experienced during the historic period.
The market for instrument calibration services is anticipated to witness robust expansion in the coming years, reaching $2.56 billion by 2029 at a compound annual growth rate (CAGR) of 9.0%. The predicted growth during this period is attributed to the expansion of the healthcare sector, the birth of new industries, focus on environmental sustainability, shift towards predictive upkeep, and the need for accredited services. Notable trends projected during this period include the integration of systems on the cloud, advancements in predictive maintenance solutions, collaboration among providers and manufacturers, shift towards remote capabilities, and a growing focus on data analytics.
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What Are The Primary Factors Supporting The Instrument Calibration Services Market Expansion?
The growth of the instrument calibration services market looks set to be fuelled by the escalating proliferation of industrial robots. These programmable mechanical devices, used to perform numerous tasks in industrial and manufacturing settings originally done by humans, are experiencing rapid growth due to technological advancement, globalization, labor shortages, and the skills gap by effecting automation of repetitive tasks. Industrial robot calibration services are essential to ensure their accuracy, safety, and reliable performance, thus meeting compliance standards in manufacturing procedures. As an example, industrial robot installations in September 2023 reached an unprecedented peak of 553,052 units in 2022, marking a significant 5% increase over the former record of 517,385 units set in 2021, as recorded by a Germany-based trade group, the International Federation of Robotics. Consequently, the accelerated expansion of industrial robots is propelling the growth of the instrument calibration services market.
Which Segment Accounts For The Largest Share In The Instrument Calibration Services Market?
The instrument calibration servicesmarket 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
Which Long-Term Trends Will Play A Crucial Role In The Instrument Calibration Services Market?
Major firms in the instrument calibration services market are turning their focus towards the creation of phased array calibration solutions, in a bid to increase precision, efficiency, and automation in the calibration process. The phased array calibration system is an advanced technology designed to aid in the manufacturing of active electronically scanned arrays used in satellite communication applications. Take for instance, Keysight Technologies, an American electronics firm, which in October 2023, unveiled a phased array antenna calibration and control solution tailored for satellite communications. This system comprises a user-friendly software interface that governs the antenna under assessment, a compact antenna test range positioner, and a unit for controlling temperature. This groundbreaking solution dramatically cuts down the time used for calibrating intricate phased array antennas from a span of hours or even days down to mere minutes when in a lab setting, thereby boosting mission success for both commercial and military satellite communications.
Which Companies Hold A Competitive Edge In The 236 Market?
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
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Which Region Is Forecasted To Lead The Instrument Calibration Services Market In The Coming Years?
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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