From GlobeNewswire: 2024-05-17 08:00:00

The global calibration services market is projected to grow from USD 5.7 billion in 2023 to USD 8.1 billion by 2030, with a 5.3% CAGR. Factors driving this growth include the demand for quality inspection equipment in precision manufacturing and regulatory standards for product safety and environmental protection.

Asia-Pacific (APAC) is expected to be a key market for calibration services due to high growth potential and emerging industries. Factors contributing to the growth in APAC include investments, manufacturing activities, and research and development efforts, driven by increasing consumer quality consciousness and preference for accredited manufacturers.

The advent of 5G technology presents a significant opportunity for the calibration services market, as the higher frequencies of 5G networks require precise calibration to maintain performance. Industries such as IoT, autonomous vehicles, and virtual reality depend on reliable communication, making calibration services essential for success in these applications.

One challenge faced by the calibration services market is the built-in self-calibration feature of electrical and electronic instruments, which reduces the cost of maintenance. Technological developments in various industries may impact calibration service providers, leading to strategic changes in their approach to meet evolving needs.



Read more at GlobeNewswire: Global Calibration Services Market Size, Strategies, Trends