Calibration Services Market

The global calibration services market registered a valuation of US$ 6.2 billion in 2022 and is poised to witness a good pace of growth in the upcoming years.

Market Overview

The global calibration services market growth is anticipated to remain significant in the coming years, driven by increasing demand from various end-users and emerging economies. Calibration services have emerged as a crucial element in maintaining the authenticity and reliability of the measuring instruments and the associated equipment. The calibration process helps ensure that any measuring instrument provides an accurate and precise measurement of the variables, thereby reducing the errors in the data and the outcome process. The global calibration services market growth is attributed to the increasing demand for calibration services from end-users, such as aerospace and defence, healthcare, automotive, and others.

Key Findings

• The global calibration services market was valued at US$ 6.2 billion in 2022 and is expected to reach US$ 11.2 billion by 2030, growing at a CAGR of 7.7% from 2022 to 2030.
• The increasing demand from various industries primarily fuels market growth. The rising preference for outsourcing calibration services, the stringent regulatory requirements, and technological advancements, such as Industry 4.0, automation, and IoT, are other drivers of market growth.
• Small and medium-sized enterprises' increasing adoption of calibration services and the emergence of innovative calibration techniques present significant growth opportunities.
• The need for more skilled professionals, the lack of awareness, and the high cost of calibration services and equipment are major challenges for the market.
• North America dominates the calibration services market, owing to the presence of several leading players and the implementation of stringent government regulations.

Market Drivers

Rising Demand From End Users

The market growth is primarily driven by the rising demand for calibration services from various end-users. The calibration process helps to maintain and ensure the accuracy and precision of various measuring instruments and equipment, thereby reducing errors in data and outcomes. Further, the calibration process also helps to increase the lifespan of the measuring instruments by preventing them from becoming obsolete or unusable.

Moreover, the increasing demand for calibration services from the healthcare industry is another major driver for the market. The calibration process is essential for various medical devices, such as blood pressure monitors, thermometers, and various diagnostic tools used in healthcare facilities. Ensuring the calibration of these devices is integral to providing accurate and precise diagnoses and treatment of medical conditions.

Outsourcing Preferences

In recent years, companies across several industries have increasingly outsourced their calibration service needs to reduce costs and improve accuracy. By outsourcing, these organizations can benefit from the expertise of service providers with specialized knowledge and experience in calibration while also avoiding the costs associated with setting up and maintaining an in-house calibration service.

Stringent Regulatory Requirements

Government regulatory requirements and industry standards also contribute to the calibration service demand. The stringent regulations that must be adhered to in several sectors, such as aerospace and pharmaceuticals, require that precision measurement equipment and instruments are regularly checked and calibrated. Failure to comply with these regulations can result in severe penalties, including production shutdowns and monetary fines.

Advancements in Technology

The growth of the industrial Internet of Things (IIoT), automation, and Industry 4.0 is further driving the demand for calibration services, with an increasing number of businesses adopting these technologies. Industry 4.0, in particular, involves the integration of advanced technologies, such as artificial intelligence, cloud computing, and the Internet of Things in manufacturing processes. These technologies necessitate using highly accurate and precise measurement tools and equipment that require regular calibration.

Market Opportunities

Increased Demand From Emerging Economies

The increasing demand for calibration services from emerging economies is expected to provide significant market opportunities. The growing number of manufacturing and industrial activities in emerging economies, such as India, China, and Brazil, is expected to increase demand for calibration services in these countries. Moreover, advancements in technology and automation have made the calibration process more efficient and accurate, developing new and innovative calibration services and techniques.

The Adoption of Calibration Services By Small And Medium-Sized Enterprises

Small and medium-sized enterprises (SMEs) increasingly embrace calibration services to meet regulatory requirements and improve operational efficiency and productivity. These companies may need more in-house resources or expertise to perform calibration, creating a niche market for third-party calibration providers. Moreover, SMEs are expanding globally, particularly in developing countries, where there is a growing demand for calibration services due to the rise in manufacturing activities and the need for compliance with safety and environmental standards. For instance, emerging economies, such as China, India, and Southeast Asian countries, are investing heavily in manufacturing and infrastructure development, which bodes well for the calibration service market.

The Emergence of Innovative Calibration Techniques

Innovative calibration techniques, such as mobile calibration labs and remote calibration services, offer exciting growth opportunities for the market. Mobile calibration labs are self-contained units that can be deployed to client sites, reducing downtime and logistics costs. Remote calibration services leverage digital technologies, such as cloud computing, the Internet of Things (IoT), and artificial intelligence (AI) to provide real-time monitoring and calibration from a distance. This enhances the speed and accuracy of calibration and enables companies to reduce their carbon footprint and adopt more sustainable practices.

Market Challenges

High Equipment Cost

The high cost of calibration equipment and services is a major challenge the calibration services market faces. The cost of calibration equipment is relatively high, and the calibration process is also time-consuming and requires the services of skilled professionals.

Lack of Skilled Professionals

The need for more skilled professionals in the calibration service market is a significant challenge that has negatively impacted the quality and availability of calibration services. This problem is particularly critical in emerging markets, where there is a need for more experienced professionals who can provide high-quality calibration services. As a result, companies operating in such markets are forced to rely on non-certified technicians who are less skilled and may offer inadequate or inaccurate calibration services.

Furthermore, the lack of skilled professionals has led to longer turnaround times, increased costs, and lower levels of trust in the calibration process, all of which detract from the growth and development of the calibration service market.

Lack of Awareness

The need for more awareness among potential customers is another challenge facing the calibration service market. Unfortunately, most companies are unaware of the importance of calibration services, which has led to underutilizing this critical aspect of the industrial ecosystem. Most organizations are not interested in spending money on something they need help understanding, which has resulted in low demand for calibration services, even when necessary.

Moreover, many customers need to be made aware of the certifications and accreditations needed from calibration service providers, which can lead to a lack of trust in the calibration process and the market.

Regional Coverage

North America:

• United States
• Canada

Europe:

• Germany
• United Kingdom
• France
• Italy
• Russia
• Spain

Asia Pacific:

• China
• Japan
• South Korea
• India
• Australia
• Indonesia
• Thailand
• Philippines
• Malaysia
• Vietnam

Latin America:

• Brazil
• Argentina
• Colombia
• Mexico

Middle East and Africa:

• Saudi Arabia
• United Arab Emirates
• Egypt
• South Africa

Company Recent Development

Major players operating in the calibration service market include:

• ABB Ltd.
• Fluke Corporation
• Tradinco Instrumenten-Apparaten B.V.
• Micro Precision Calibration, Inc.
• SIMCO Electronics
• Siemens AG
• ESSCO Calibration Laboratory
• Optical Test and Calibration Ltd
• Trescal International SAS
• Tektronix, Inc.
• Rohde & Schwarz GmbH & Co. KG
• Brüel & Kjær Sound & Vibration Measurement A/S
• Transcat, Inc.
• TMI Calibration
• Keysight Technologies, Inc.
• Yokogawa Electric Corporation
• Endress+Hauser Group Services AG

In 2018, Trescal, a calibration services provider based in France, acquired Diamond Technical Services, a calibration services provider in the US. The acquisition aims to expand Trescal's presence in the US market and provide new growth opportunities.

Trescal also acquired Acucal, a leading provider of calibration services for radiofrequency and microwave equipment, to expand its services in North America.

Fluke Calibration launched a new calibration management software, C3 SoftWorks, to streamline calibration processes.

Tektronix introduced a new range of ultra-compact calibration instruments, the 9100 series, to offer high-precision calibration services at a lower cost.