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Growth Opportunities in the Calibration and Repair Services Market, Forecast to 2022

Growth Opportunities in the Calibration and Repair Services Market, Forecast to 2022

  • February 2018
  • 83 pages
  • ID: 5336313
  • Format: PDF
  • By Frost & Sullivan

Summary

Table of Contents

Market Consolidation and Technological Expertise to Accelerate Growth in a Transforming Market

The calibration and repair services market in North America and Europe is anticipated to reach $3.98 billion by 2022, driven by the increase in quality awareness, greater adoption of metrology in the manufacturing process, and tightening of regulations by calibration regulatory authorities across the world.

This market is expected to grow rapidly with the advent of Industrial Internet of Things (IIoT) since all the connected equipment need to be calibrated regularly to ensure the proper functioning of the device network. The desire for domain expertise and quality of the instruments is continuously increasing, especially in emerging countries.

The calibration and repair services market is likely to receive a boost in the following years due to the growth of its end-user industries. The instruments used, especially in industries such as aerospace & defense and life sciences, are at high risk of failure, so there is a need for calibration at regular intervals.

There is also rising demand for on-site services, as they can reduce disruptions in a company’s operations. Instead of sending the instrument for repair and calibration, and then waiting for the testers to send it back, on-site calibration can lower the wait time and eliminate the risk of damage.

The service providers for the calibration and repair services market can be classified into three types:
• Original equipment manufacturers (OEMs)
• Third-party service providers (TSPs)
• In-house laboratories

The end-user industries for the calibration and repair services market include
• Aerospace and Defense
• Semiconductors
• Consumer Electronics
• Healthcare
• Communications
• Industrial
• Automotive

The calibration and repair services cover the following four parameters: electrical, mechanical, thermodynamic, and physical/dimensional.

Research Highlights
The focus on automation also drives the calibration and repair services market, since automation reduces the amount of time required to perform calibration and improve the quality of the service. For some electrical equipment, users just need to plug the equipment into the software and the test is conducted automatically.

Instruments in some industries, like automotive, need calibration at regular intervals. The possibility of autonomous cars depends on sensors, which need careful calibration. For instance, two sensors in a similar application can have different configurations and yield different results. A thorough and expert calibration of these sensors is needed to yield accurate results.

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