Growth Opportunities in Calibration and Repair Services
Customers Looking for a Quick Turnaround Time and Compliance with ISO/IEC 17025 Standards Will Drive Demand
Calibration involves testing the accuracy of a measurement instrument by checking it against reference standards. This study analyzes the calibration and repair services market. It classifies service providers into two segments: original equipment manufacturers (OEMs) and third-party service providers. The end-user industries include aerospace and defense, consumer electronics and semi-conductors, communications, medical and life sciences, automotive, industrial, and others (educational institutes). This study covers four types of calibration and repair services: electrical/electronics, mechanical, thermodynamic/temperature, and physical/dimensional.
Different industries, including aerospace and defense, automotive, and communications, have to maintain accuracy in their measurement and instrument systems to meet regulatory compliance and ensure quality control, which makes calibration and repair services critical to their success. Some of the standards for calibration and repair services are ISO/IEC 17025, ANSI/NCSL Z540-1:1994, and ANSI/NCSL Z540.3, traceable to NIST standards. For medical equipment calibration, standards are IEC60601, EN60601, IEC 60601-2-4:2010, IEC 61010-2-101:2018, VDE0751, MDADB9801, and ANSI/AAMI, along with current good manufacturing practices (cGMP) and Food and Drug Administration (FDA) compliance.
In addition, some of the key accreditation bodies for calibration and repair services are the Japan Accreditation Board (JAB), the United Kingdom Accreditation Service (UKAS), the National Accreditation Board for Testing and Calibration Laboratories (NABL) in India, the National Voluntary Laboratory Accreditation Program (NVLAP) in the United States, the National Association of Testing Authorities (NATA) in Australia, and Telarc in New Zealand.
This research includes a discussion of top growth drivers and restraints, revenue forecasts from 2023 to 2029 (by service type, region, and industry vertical), competitive environment analysis, market share analysis, and a snapshot of the top growth opportunities for players looking to advance in this space.
Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8
The Impact of the Top 3 Strategic Imperatives on the Calibration and Repair Services Industry
Growth Opportunities Fuel the Growth Pipeline Engine
Growth Opportunity Analysis
Scope of Analysis
Segmentation
Service Types Defined
Key Competitors
Growth Metrics
Distribution Channels
Growth Drivers
Growth Driver Analysis
Growth Restraints
Growth Restraint Analysis
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Service Type
Table Calibration and Repair Services Market: Revenue Forecast by Service Type, Global, 2019-2029
Revenue Forecast by Region
Table Calibration and Repair Services Market: Revenue Forecast by Region, Global, 2019-2029
Revenue Forecast by Industry Vertical
Table Calibration and Repair Services Market: Revenue Forecast by Industry, Global, 2019-2029
Revenue Forecast Analysis
Revenue Forecast Analysis by Service Type
Revenue Forecast Analysis by Region: Americas
Revenue Forecast Analysis by Region: Europe
Revenue Forecast Analysis by Region: APAC
Revenue Forecast Analysis by Region: MEA
Revenue Forecast Analysis by Vertical
Pricing Trends and Forecast Analysis
Competitive Environment
Revenue Share
Revenue Share Analysis
Growth Opportunity Universe
Growth Opportunity 1: Demand from Industrial Internet of Things (IIoT)
Growth Opportunity 2: Increased Technological and Manufacturing Activity from Asia-Pacific
Growth Opportunity 3: Electric Vehicle Growth
Growth Opportunity 4: Consolidation among Third-party Service Providers