Calibration Services Market Size, Industry Analysis Report 2023-2028

The global calibration services market size reached US$ 5.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

Calibration services refer to the detection of deviations and inaccuracies in any mechanical instrument or its parts. The process involves comparing the readings of equipment under test (EUT) to a known measurement or standard instrument. It is performed at regular intervals to identify potential faults in an instrument and ensure optimal performance to increase output and reduce downtime.

The growing awareness about the quality and preventive maintenance of machinery is the primary factor driving the market. Additionally, the rising adoption of calibration services by organizations for in-house standardization of instruments and by original equipment manufacturers for ensuring product efficiency is acting as another growth-inducing factor. 

Furthermore, technological advancements have led to the increasing application of calibration services for mechanical, electrical, physical and thermodynamic calibration of devices or components across automotive, electronics, aerospace and defense industries. Other factors, including rapid industrialization and extensive research and development (R&D) activities, are also anticipated to propel the market growth.

The competitive landscape of the market has also been analyzed, with some of the key players being ABB Ltd., Agilent Technologies Inc., Endress+Hauser AG, Keysight Technologies Inc., Micro Precision Calibration Inc., Optical Test and Calibration Ltd., Rohde & Schwarz GmbH & Co KG, Siemens Aktiengesellschaft, Simco Electronics, Sulzer AG, Tradinco Instruments, Transcat Inc. and Trescal Holdings Inc.

In-House

OEMs

Third-Party Service

Electrical

Mechanical

Thermodynamic

Physical/Dimensional

Others

Electronics Manufacturing

Communication

Aerospace and Defense

Automotive

Others 

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