The global calibration services market is projected to grow from USD 5.7 billion in 2023 to USD 8.1 billion by 2028, registering a CAGR of 5.3% during the forecast period. The calibration services market has grown substantially due to escalating industry quality assurance demands, stringent regulatory compliance requirements, and the increasing complexity of measurement instruments. As companies strive for precision, reliability, and adherence to industry standards, the demand for accurate calibration to ensure equipment accuracy and traceability has risen remarkably, driving the expansion of the calibration services sector.
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. Acquisitions and product launches have been the most dominating strategies adopted by the key players from 2019 to 2023 to help them broaden their geographical reach and build their product portfolio.
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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. The collaboration aims to increase global access to green chemistry education and promote sustainable practices in the scientific community. Furthermore, Merck KGaA has committed to sustainability by integrating environmentally friendly practices and materials into their organic electronic offerings, aligning with the growing demand for sustainable solutions. In May 2023, Merck introduced new silicon dielectrics processed ALD technology that enables flexible OLEDs in superior display devices. These strategic choices enable Merck KGaA to remain competitive and seize opportunities in the dynamic organic electronic industry.
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.
Hexagon AB focuses on R&D and allows the company to expand its portfolio and introduce new products on a regular basis. Hexagon invests heavily in new technology to create high-performance, software-centric products and solutions. Hexagon's primary innovation strategies are software ecosystem innovations, integrated technologies, and visual computing innovations. The innovation framework drives large-scale innovation by making the company's solutions easier to use, faster, more intelligent, and more connected. The company had over 4,000 active patents and 5,000 R&D employees as of December 2021. In the fiscal year 2021, the company spent USD 580.78 million on research and development, which amounted to 11.8% of its overall revenue. The key strategy of the company is launching new products, along with the development of new technologies and solutions. The strategy aims to widen its customer base and increase the overall business revenue. The company’s growth strategies partly depend on its ability to access additional technologies, complementary product lines, and sales channels through selective acquisitions and strategic investments. In 2021, PolyWorks, m&h R-400, ALPHACAM, DESIGNER, BendingStudio, HP-L-10.10, HxGN Robotic Automation, Leitz Reference HP HTA, AS1, m&h LS-R-4.8, and HP-OW chromatic white light sensor were the different products and software launched.
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. The company has technical expertise and high brand value in the calibration services ecosystem. It has adopted strategies of product development and collaborations to enhance its position in the calibration services market. In 2020, Rohde & Schwarz partnered with Eurofins Scientific to provide their customers with high-speed signal analysis and compliance testing tools. A few acquisitions made by the company have not yielded the desired results, mainly due to the acquirees’ inability to integrate seamlessly with the core business of Rohde & Schwarz. Rohde & Schwarz has adopted several strategies to grow in the calibration services market, including accelerating innovation-driven growth, expanding technologies in emerging markets, and harnessing the power of data, artificial intelligence, and automation in medical electronics.
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. Tektronix, Inc. focused on offering a comprehensive service portfolio, integrating cutting-edge calibration technologies, maintaining exceptional quality standards, delivering excellent customer support, and expanding their global reach. By continuously innovating and providing reliable, accurate, and efficient calibration solutions, Tektronix can establish itself as the preferred choice for customers across diverse industries, solidifying its position as a leading player in the calibration services market.
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. The company is expanding its calibration service portfolio and geographical presence with various collaborations and partnerships. For instance, in February 2022, Rohde & Schwarz (R&S), and Viavi Solutions Inc. joined forces to provide a unified solution for conducting conformance testing of O-RAN Radio Units (O-RUs). The company also working on its organic strategies such as product launches and developments, in June 2023, Viavi Solutions Inc., has released TM500 Cloud, for testing cloud-deployed O-RAN components. As operators progressively shift core network services to the cloud via hyperscale’s and other cloud providers, the TM500 Cloud is specifically designed to assess and address potential risks related to the Quality of Service (QoS) for end users.
Calibration services Market by Proofreading (In-house, OEM, Third-party Vendor), Application (Mechanical, Electrical, Dimensional, Thermodynamics), Application (Industrial & Automation, Electronics, Aerospace & Defence) and Region - Forecast to 2030
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