Industry: Semiconductor Electronics
Published Date: March-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP33380
The market for calibration services size stood at US$7.0 Bn in 2024. It would expand at a CAGR of 5.6% from 2024 to 2031. The market is anticipated to surpass US$10.3 Bn by 2031.
An authorized calibration service provider conducts recorded calibration services in a recognized and controlled calibration laboratory. They are used to find any errors and deviations in a variety of instruments.
These include digital mustimeters, clamp-on mustimeters, force gauges, oscilloscopes, dial indicators, clamp-on ammeters, data acquisition system, clamp-on calipers, and digital multimeters.
They provide rental services for measurement equipment or assistance with the purchase of new equipment. They also help manage, obtain, and repair the instruments.
They further help in early detection of potential instrument failures and in assuring peak performance to save downtime and boost productivity. They give the machinery the precision it needs to produce output that is of consistently high quality.
They reduce measuring errors and boost confidence in taking accurate measurements. Need for calibration services is expanding globally. They aid in reducing the requirement for corrective maintenance in between regular maintenance and calibration checks.
Due to ongoing industrialization and increased need for testing & measuring devices around the world, there is an increasing the demand for calibration services. It is one of the main drivers of the market. Rising public awareness of the importance of maintaining and safeguarding equipment would also boost sales.
Expansion of several third-party calibration service providers for outsourcing is providing industry investors with lucrative expansion potential. Need for temperature calibration utilizing various tools such as platinum resistance thermometers, thermocouples, and thermistors, is also rising worldwide.
It is having a favorable impact on the market, along with increasing attention to preventative maintenance. A number of technological developments, including availability of tissue-imitating 3D phantoms and innovations in the field of 3D printing, are driving the market's expansion.
| Attributes | Key Insights |
|---|---|
| Market Estimated Size (2024E) | US$7.0 Bn |
| Projected Market Valuation (2031F) | US$10.3 Bn |
| Value-based CAGR (2024 to 2031) | 5.6% |
| USA Value-based CAGR (2024 to 2031) | 4.7% |
As per Persistence Market Research (PMR), the calibration services market exhibited considerable growth at a CAGR of 3.8% from 2018 to 2023. It is projected to witness 5.6% CAGR during the evaluation period.
The electronics manufacturing sector has been at the forefront of incorporating calibration services in recent years. Calibration service demand increased significantly from 2018 to 2023.
Rapid industrialization, which is also accompanied by increasing requirements for testing and measuring instruments, is one of the factors fueling expansion. Demand in the industry is also being fueled by rising public awareness of the need for maintaining and preserving equipment.
Emphasis on preventative maintenance, stringent government regulations, and increased concerns for quality have all been cited as key drivers. The industry has surged as a result of the development of several third-party calibration service providers for outsourced services.
Improvements in 3D printing technology among various technological developments act as additional forces driving expansion. Numerous factors such as research and development, are anticipated to further accelerate market expansion and significantly increase revenue.
Europe is set to hold a significant calibration services market share throughout the projection period. Growing need for calibration services in the electronics manufacturing sector has led to expansion of the Europe market.
The projected CAGR of Europe is about 41.8%. Micro Precision Calibration Inc. is one of the leading companies in the Europe calibration services industry.
Why is the United States of America Showcasing Exponential Demand for Traceable Calibration Services?
The United States of America calibration services sector is expected to be worth US$ 2.6 billion by 2031. It would create an absolute dollar growth opportunity of US$ 1.0 billion in the next ten years.
The United States of America market witnessed growth at a CAGR of 5.2% from 2018 to 2023. It is likely to flourish at a CAGR of 4.7% from 2024 to 2031.
In October 2023, a high-speed test solution to implement PCIe 6.0 was developed by Tektronix. According to reports, the 64 GT/s (PAM4) Rx calibrations in the Tektronix PCIe 6.0 basic Rx solution are among one of the fastest in the market. Algorithms of the test solution are created to handle the problem of calibrating the transmitter's extra precursor. It was introduced to the 6.0 base specification.
Why are Universal Calibration Services Showcasing Immense Popularity in the United Kingdom?
The United Kingdom calibration services market is expected to be worth US$ 1.0 billion by 2031. It would create an absolute dollar opportunity of US$ 370.5 million in the next ten years.
The United Kingdom calibration services industry exhibited a CAGR of 5.5% from 2018 to 2023. It would broaden at a CAGR of 5.0% from 2024 to 2031.
Solutions for USB4 Version 2.0 were made available by the United Kingdom-based company Keysights in November 2024. It was made available to improve design performance and guarantee standard observance.
Both the D9050USBC USB 80 Gbps Transmitter Test (Tx) software and N5991U42A USB 80Gbps Receiver Compliance (Rx) Test software are now available. It also includes Decoding and D9010USBP USB Protocol Trigger. At the same time, it has N7019A USB Type-C Active Link Fixture.
It incorporates W3081E USB4 Version 2.0 IBIS-AMI models for 80gbps USB devices. It also has the N7019A USB Type-C Active Link Fixture from Keysight.
Is China a Leading Calibration & Network Services Hub?
China calibration services market is expected to be worth US$ 1.0 billion by 2031. It would create an incremental opportunity of US$ 490.9 million from 2024 to 2031.
The country witnessed growth at a CAGR of 8.2% from 2018 to 2023. It is expected to flourish at a CAGR of 6.8% from 2024 to 2031.
In China, the market for calibration services is anticipated to expand rapidly during the next ten years. The China market is expanding as a result of rising need for accurate measuring equipment across a few sectors. These include energy, automotive, aerospace, and healthcare.
Overall, it is anticipated that China calibration services industry will experience significant growth over the next ten years. It is due to rising demand for accurate and trustworthy measurement instruments. Adoption of advanced manufacturing & automation technologies and rising awareness of advantages of calibration services would also drive demand.
Would Japan Showcase High Calibration Service Sales by 2031?
Japan calibration services market is likely to be worth US$ 860.4 million by 2031. It is set to create an absolute dollar opportunity of US$ 345.3 million in the forecast period.
Japan witnessed steady growth at a CAGR of 5.9% from 2018 to 2023. It is expected to expand at a CAGR of 5.3% from 2024 to 2031.
The OpreX Magnetic Flowmeter CA Series was introduced in September 2023 by a Japan-based business called Yokogawa. The new product line is being introduced by the OpreX Field Instruments Group to replace its ADMAG CA Series.
Magnetic flowmeters in this new range are capacitance-type devices. Without the conductive fluids coming into touch with the device's electrodes, it can measure the flow of fluids through a measurement tube.
The series offers innovative features that would improve use, upkeep, and operational effectiveness. It can also start the building of an unwetted electrode.
Which is the Highly Preferred Type of Calibration Equipment Service across the Globe?
The electrical calibration type segment is projected to witness a significant share in the forecast period. It has numerous applications in the electronics manufacturing sector.
CAGR of the electrical calibration segment was around 6.5% from 2018 to 2023. It is estimated to expand at around 5.7% from 2024 to 2031.
Which End-use Industry is set to be a Prominent Adopter of Calibration Services & Solutions?
Electronics manufacturing is projected to be the leading end-use industry segment. Expansion of consumer electronics can be connected to growth in this segment.
CAGR of the electronics manufacturing category was around 6.3% from 2018 to 2023. It is predicted to elevate by 5.6% from 2024 to 2031.
Military calibration services market growth is predicted to offer lucrative opportunities. Emergence of industry 5.0, increased need for industry 4.0 standards, and technological advancements are to blame for the same.
Market participants are engaging in a variety of strategic activities to improve their product portfolios, increase market share, and acquire a competitive edge. These initiatives include bringing in new strategic partnerships, alliances, acquisitions & mergers, and international expansions.
For instance, Tektronix introduced Tek Drive, a revolutionary data collaboration platform, in December 2020. It allows for the interchange and recall of data in real time on an oscilloscope. It is the first all-purpose testing and evaluation file system with spherical data displays.
A few recent developments in the calibration services market are:
In January 2022, Seahorse XF Pro Analyzer was introduced by Agilent Technologies. It has an improved speed, more robust & effective workflows, and an enhanced user experience. The XF Pro gives operators of any skill level access to the most cutting-edge cellular metabolic analytic technologies. These can be used for comprehending cellular destiny, fitness, and function.
In April 2021, Quick Vision Pro Series, a CNC Vision Measuring System, was released by Mitutoyo. The CNC Vision Measuring System is essential for measuring dimensions of semiconductors and electrical devices. It allows for high-speed, automated measurements to be made without physical touch. With the addition of Strobe LED illumination, all Quick Vision Pro versions feature a 40% increase in measuring throughput over the prior generation. Optional features include the stream function for continuous measuring. Measurements might be taken continuously due to synchronization between the main unit operation and the strobe light.
In December 2021, the Cary 3500 UV-Vis Spectrophotometer was announced by Agilent Technologies. A cutting-edge data system, the Cary 3500 UV-Vis software can concurrently gather data from standards and unknowns. It can also automatically produce a calibration curve and calculate sample concentration data in a single measurement in less than five seconds. Data quality is enhanced, and measurement-related variability is eliminated. It is due to this effective and automated data gathering & processing. In order to comply with international regulatory standards, the Cary 3500 UV-Vis data can now be controlled, safeguarded, and kept in a secure central database.
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | US$7 Bn |
| Projected Market Valuation (2031) | US$10.3 Bn |
| Value-based CAGR (2024 to 2031) | 5.6% |
| Forecast Period | 2024 to 2031 |
| Historical Data Available for | 2018 to 2023 |
| Market Analysis | Value (US$ billion) |
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The calibration services industry surpassed a valuation of US$7 Bn in 2024.
The calibration services industry is expected to reach a valuation of US$ 10.3 billion by 2031.
The calibration services industry registered a CAGR of 3.8% over the last 5 years.
The calibration services industry is projected to witness a CAGR of 5.6% from 2024 to 2031.
Estimates predict that between 2024 and 20321 the calibration services industry in China would expand at a CAGR of around 6.8%.
It is anticipated that sales of calibration services in the USA will increase at a CAGR of around 4.7% from 2024 to 2031.
The calibration services industry in South Korea will increase at a CAGR of around 6.2% and there will be a CAGR growth of 5.3% in Japan in the assessment period.
