Growth Opportunities in Calibration and Repair Services

Growth Opportunities in Calibration and Repair Services

Customers Looking for a Quick Turnaround Time and Compliance with ISO/IEC 17025 Standards Will Drive Demand

RELEASE DATE
26-Sep-2023
REGION
Global
Research Code: K8EB-01-00-00-00
SKU: TM_2023_185
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Description

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.

Author: Janani Balasundar

RESEARCH: INFOGRAPHIC

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Table of Contents

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™

Scope of Analysis

Segmentation

Service Types Defined

Key Competitors

Growth Metrics

Distribution Channels

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Service Type

Revenue Forecast by Region

Revenue Forecast by Industry Vertical

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

Revenue Forecast Analysis by Vertical (continued)

Pricing Trends and Forecast Analysis

Competitive Environment

Revenue Share

Revenue Share Analysis

Growth Opportunity 1: Demand from Industrial Internet of Things (IIoT)

Growth Opportunity 1: Demand from Industrial Internet of Things (IIoT) (continued)

Growth Opportunity 2: Increased Technological and Manufacturing Activity from Asia-Pacific

Growth Opportunity 2: Increased Technological and Manufacturing Activity from Asia-Pacific (continued)

Growth Opportunity 3: Electric Vehicle Growth

Growth Opportunity 3: Electric Vehicle Growth (continued)

Growth Opportunity 4: Consolidation among Third-party Service Providers

Growth Opportunity 4: Consolidation among Third-party Service Providers (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

Legal Disclaimer

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. Author: Janani Balasundar
More Information
Author Janani Balasundar
Industries Test and Measurement Instrumentation
No Index No
Is Prebook No
Keyword 1 Calibration And Repair Services
Keyword 2 Calibration Industry Strategies
Keyword 3 Calibration Service Market Outlook
Podcast No
Predecessor K483-01-00-00-00
WIP Number K8EB-01-00-00-00