The calibration services market size is projected to grow from USD 5.7 billion in 2023 to USD 8.1 billion by 2030, registering a CAGR of 5.3% during the forecast period.
Various factors, including the increasing emphasis across industries on precision, accuracy, and compliance with regulatory standards drive the growth of the calibration services market. As technologies advance and instruments become more intricate, the need for maintaining precise measurements and reliable equipment grows. Calibration services address this demand by ensuring that tools and instruments operate within specified tolerances, contributing to enhanced product quality, regulatory compliance, and overall operational efficiency.
Major Calibration Services Companies include:
- Keysight Technologies (US),
- Hexagon AB (Sweden),
- Rohde & Schwarz (Germany),
- Tektronix, Inc. (US),
- VIAVI Solutions Inc. (US),
- Omega Engineering, Inc. (US),
- Advantest Corporation (Japan),
- National Instruments Corporation (US),
- Anritsu (Japan),
- Trescal, Inc. (France),
- Pratt and Whitney Measurement Systems, Inc. (US),
- Kolb & Baumann GmbH & Co KG. (Germany),
- Renishaw plc. (UK),
- Feinmess Suhl GmbH (Germany),
- Octagon Precision India Pvt. Ltd. (India),
- TESA Brown & Sharpe (Part of Hexagon AB) (Switzerland),
- Mitutoyo (Japan), MSI Viking (US),
- Master Gage & Tool Co. (US),
- Tanson Instrument (India), and
- Micro Precision Calibration (US) are some of the key players in the calibration services market. These players have adopted different growth strategies to retain their market presence.
Download PDF Brochure @
Merck KGaA has implemented strategic choices in the calibration services market to strengthen its position and drive growth. By actively pursuing strategic partnerships and collaborations, Merck KGaA gains access to complementary expertise and resources, enabling them to develop cutting-edge technologies and expand their market reach. For instance, in March 2023, Merck partnered with Beyond Benign, a non-profit organization dedicated to advancing green chemistry education.
Keysight Technologies is one of the most prominent players in the calibration services market. It has expertise in engineering different product types and offers various calibration services. The company mainly focuses on manufacturing innovative products by conducting extensive research and development activities to maintain its position in the calibration services market. The research and development facilities and manufacturing sites of Keysight are in California and Colorado in the US. It also has these facilities and sites in China, Germany, India, Japan, Malaysia, Singapore, and Spain. Keysight manufactures and sells products to customers for aerospace and defense, government, commercial communications, and electronic industrial applications. Its diversified customer base reduces the company's exposure to individual end markets and distinguishes it from its competitors. Keysight sells its products in three different regions, primarily through direct sales and third-party distributors. The company positions its manufacturing facilities strategically near its customers to maintain an efficient supply chain and low-cost production.
Rohde & Schwarz develops, produces, and markets a wide range of electronic testing equipment for various industries, infrastructure operators, and government customers. It has many patents and an innovative product portfolio. The company has adopted various inorganic growth strategies to enhance its position in the market. Rohde & Schwarz has a proven track record in the calibration services market. The high liquidity level of the company enables it to invest in new projects within a short period. Rohde & Schwarz has a presence in over 70 countries with strong sales and distribution networks worldwide.
Tektronix, Inc. key strength lies in its expertise and test and measurement solutions leadership. As a renowned technology company, Tektronix excels in providing a comprehensive range of high-quality instruments and equipment for various industries, including electronics, communications, aerospace, and automotive. Their strengths include innovative and cutting-edge technologies, a wide product portfolio, excellent customer support, and a long-standing reputation for accuracy, reliability, and precision in their test and measurement solutions. Tektronix's commitment to research and development ensures that they stay at the forefront of the industry, meeting the evolving needs of their customers and maintaining their position as a trusted industry leader.
VIAVI Solutions, Inc. is a leading provider of calibration services with a global reach, expertise, innovation, accuracy, and reliability. They have a team of experienced and qualified calibration engineers who are experts in a wide range of measurement technologies. VIAVI is constantly investing in new technologies and methodologies, allowing them to offer the most advanced calibration services. They are committed to providing the highest levels of accuracy and precision in their calibration services and have a long history of providing reliable and trustworthy calibration services. VIAVI Solutions, Inc. as a leading provider of test, measurement, and assurance solutions, focused on diversifying its service portfolio, driving technological advancements, maintaining a customer-centric approach, expanding its global reach, and offering industry-specific calibration solutions to solidify its position as a strong player in the calibration services market.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments: