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Strategic Repositioning as Laboratories Become One-stop Shops to Meet Customer Safety and Quality Requirements
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Calibration and repair services for instrumentation are witnessing greater demand due to increasing safety and quality requirements. With the proliferation of high-tech products and pervasive connectivity, this market grew steadily over the past few years to reach $1.31 billion in 2015. By 2022, revenues are expected to reach $1.85 billion at a CAGR of 5.0% from 2015 to 2022. Research ScopeThis research study covers calibration and repair services for a wide range of instrumentation including:-Electrical-Mechanical-Physical/Dimensional-ThermodynamicThe current market size for 2015 is provided for both calibration and repair services with forecasts until 2022. An analysis of the market revenues by type of providers—original equipment manufacturers (OEM), third-party service providers (TSP), and in-house laboratories, is also provided in the study.This research also features the market shares of the leading competitors, which include Tektronix, Keysight Technologies, SIMCO Electronics, Transcat, Trescal, Micro Precision Inc (MPC), J. A. King & Company, Technical Maintenance Inc (TMI), and ESSCO Calibration.This research service identifies the key industry challenges, growth drivers, and restraints for 2016 to 2022 and it analyzes the market from an end-user, parameter, and geographic perspective. Industries covered include aerospace and defense (A&D), communications, consumer electronics, industrial and automotive, life sciences, semiconductor, energy, and others. Parameters include electrical, mechanical, physical/dimensional, and thermodynamic.North America is defined as the United States and Canada and is segmented into the Northeast (NE), Southeast (SE), the Midwest (MW), the West, and the Southwest (SW) regions. Key Questions This Study Will Answer-Which types of services (calibration or repair) will generate the most revenue for participants over the next 5 to 7 years?-Which type of provider (OEM, TSP, in-house labs) is most likely to capture the largest chunk of market opportunity? -Which end-user industries present the highest growth potential for calibration and repair services over the next 5 to 7 years?-Who are the major shareholders in 2015 and what are their respective strengths and weaknesses?-What are the most important demands from customers and how do these translate into opportunities for differentiation for market participants?Why partner with Frost & Sullivan?-Robust and proven research methodology resulting in high-quality findings: Frost & Sullivan has established relationships with the leading participants in the value chain of the test and measurement industry, with which it performs interviews for the purpose of its research services. -Long experience researching and tracking test and measurement markets generating reliable information: Frost & Sullivan has published multiple studies on calibration and repair services in various regions, including North America, Europe, and Asia-Pacific, and employs analysts with previous experience working for the industry, generating trustworthy data.-Market expertise: The Frost & Sullivan analyst team has performed in-depth analysis of the measurement and instrumentation industry, covering electronic instruments, mechanical test equipment, and dimensional metrology. The team is in a unique position to anticipate upcoming changes in the installed base of test and measurement equipment for calibration and repair service providers.
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