Market Overview:
The global calibration as a service market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing demand for calibration services from various industries such as consumer goods and retail, food and agriculture, oil and gas, construction and engineering, energy and chemicals, manufacturing of industrial goods, transportation (rail and aerospace), industrial and automotive sectors. In addition, the growing trend of outsourcing calibration services to third-party service providers is also contributing to the growth of this market. The in-lab calibration segment accounted for the largest share of the global calibration as a service market in 2017. This segment is expected to grow at a CAGR of 7.8% during the forecast period due to increasing demand for laboratory-based calibrations from various end users across different industries.
Product Definition:
Calibration as a Service is the process of calibrating a device or system by using a service provider. This can be done remotely or in person. The importance of calibration as a service is that it ensures that devices and systems are functioning properly and accurately. Without calibration, devices may not be providing accurate measurements or output, which could lead to incorrect decisions or results.
In-Lab Calibration:
In-Lab Calibration (ILC) is a method of providing real-time in house calibration services. ILCs are used to reduce the cost and time involved in performing laboratory tests, improve process reproducibility, eliminate the need for external expertise during set up and implementation as well as provide traceability from test to result.
The global In-Lab Calibration market was valued at USD 0.8 billion in 2016.
Onsite Calibration:
Onsite calibration is a service where the device under test (DUT) is brought to an independent testing lab for analysis. The process involves running several tests on the DUT and generating a detailed data sheet which includes information such as range, accuracy, resolution and other performance indicators. Onsite calibration offers benefits such as reduced cost of ownership & operating expenses due to fewer calibrator needs along with less time consumed by maintenance personnel in performing regular maintenance checks.
Application Insights:
The consumer goods and retail segment accounted for the largest revenue share in 2016. The segment is expected to witness significant growth over the forecast period owing to increasing demand for products, such as smartphones, laptops, tablets, cameras and video recorders from major manufacturers. Furthermore, rising penetration of social media has created a huge opportunity for market players offering digital solutions and services across various industries. Calibration services are required to ensure that equipment meets industry standards or specifications before it is shipped out to customers or sold in stores.
The food and agriculture application segment was valued at USD 575 million in 2016 owing to high product specificity involved with agro-based products such as pesticides along with other machinery used in farming activities such as combine harvesters & tractors among others requiring periodic maintenance & calibration services during their lifecycles ensuring quality control of production processes globally over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to factors such as increasing R&D activities and technological advancements in various industries. Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising demand for CalaaS from several end-use industries across countries such as China, India, Japan, and South Korea. Moreover, improving economic conditions are also likely to contribute toward regional growth during the same period.
The European market was valued at USD X billion in 2017 and is expected to grow significantly over a six-year period from 2018 To 2022 due of factors such as increasing investments by companies for streamlining their processes through automation or process improvement programs (PIPs).
Growth Factors:
- Increasing demand for calibration services from the manufacturing sector due to the increasing complexity of products and stringent quality control measures.
- Proliferation of calibration laboratories and service providers, which is resulting in increased competition and driving down prices for calibration services.
- Growing demand for Calibration as a Service from the oil & gas sector due to the increasing exploration and production activities in this sector.
- Rising awareness about the benefits of Calibration as a Service among end users, which is resulting in an increase in adoption rates across different industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Calibration as a Service Market Research Report
By Type
In-Lab Calibration, Onsite Calibration, Pick-up and Delivery Services, Mobile Calibration, Managed Services
By Application
Consumer Goods and Retail, Food and Agriculture, Oil and Gas, Construction and Engineering, Energy and Chemicals, Manufacturing of Industrial Goods, Transportation (Rail and Aerospace), Industrial and Automotive, Others
By Companies
DeltaTrak, Fluke, IKM, Ecotech, ETS Solutions, RepCal, Australian Calibrating Services, Asia GMP, Anritsu, FUTURE-TECH CORP, KEYSIGHT, Trescal, Leica, WIKA Alexander Wiegand SE & Co. KG, Tektronix, Intertek Group, SIMCO Electronics, Element Metech, Schwarzbeck, Vaisala, National Instruments, Transmille, Testo, Edgetech Instruments Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Calibration as a Service Market Report Segments:
The global Calibration as a Service market is segmented on the basis of:
Types
In-Lab Calibration, Onsite Calibration, Pick-up and Delivery Services, Mobile Calibration, Managed Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Goods and Retail, Food and Agriculture, Oil and Gas, Construction and Engineering, Energy and Chemicals, Manufacturing of Industrial Goods, Transportation (Rail and Aerospace), Industrial and Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DeltaTrak
- Fluke
- IKM
- Ecotech
- ETS Solutions
- RepCal
- Australian Calibrating Services
- Asia GMP
- Anritsu
- FUTURE-TECH CORP
- KEYSIGHT
- Trescal
- Leica
- WIKA Alexander Wiegand SE & Co. KG
- Tektronix
- Intertek Group
- SIMCO Electronics
- Element Metech
- Schwarzbeck
- Vaisala
- National Instruments
- Transmille
- Testo
- Edgetech Instruments Inc
Highlights of The Calibration as a Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- In-Lab Calibration
- Onsite Calibration
- Pick-up and Delivery Services
- Mobile Calibration
- Managed Services
- By Application:
- Consumer Goods and Retail
- Food and Agriculture
- Oil and Gas
- Construction and Engineering
- Energy and Chemicals
- Manufacturing of Industrial Goods
- Transportation (Rail and Aerospace)
- Industrial and Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Calibration as a Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Calibration as a Service (CaaS) is a subscription-based service that provides calibration and verification services for equipment, such as sensors, meters and other measurement devices.
Some of the major companies in the calibration as a service market are DeltaTrak, Fluke, IKM, Ecotech, ETS Solutions, RepCal, Australian Calibrating Services, Asia GMP, Anritsu, FUTURE-TECH CORP, KEYSIGHT, Trescal, Leica, WIKA Alexander Wiegand SE & Co. KG, Tektronix, Intertek Group, SIMCO Electronics, Element Metech, Schwarzbeck, Vaisala, National Instruments, Transmille, Testo, Edgetech Instruments Inc.
The calibration as a service market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Calibration as a Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Calibration as a Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Calibration as a Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Calibration as a Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Calibration as a Service Market Size & Forecast, 2018-2028
4.5.1 Calibration as a Service Market Size and Y-o-Y Growth
4.5.2 Calibration as a Service Market Absolute $ Opportunity
Chapter 5 Global Calibration as a Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Calibration as a Service Market Size Forecast by Type
5.2.1 In-Lab Calibration
5.2.2 Onsite Calibration
5.2.3 Pick-up and Delivery Services
5.2.4 Mobile Calibration
5.2.5 Managed Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Calibration as a Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Calibration as a Service Market Size Forecast by Applications
6.2.1 Consumer Goods and Retail
6.2.2 Food and Agriculture
6.2.3 Oil and Gas
6.2.4 Construction and Engineering
6.2.5 Energy and Chemicals
6.2.6 Manufacturing of Industrial Goods
6.2.7 Transportation (Rail and Aerospace)
6.2.8 Industrial and Automotive
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Calibration as a Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Calibration as a Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Calibration as a Service Analysis and Forecast
9.1 Introduction
9.2 North America Calibration as a Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Calibration as a Service Market Size Forecast by Type
9.6.1 In-Lab Calibration
9.6.2 Onsite Calibration
9.6.3 Pick-up and Delivery Services
9.6.4 Mobile Calibration
9.6.5 Managed Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Calibration as a Service Market Size Forecast by Applications
9.10.1 Consumer Goods and Retail
9.10.2 Food and Agriculture
9.10.3 Oil and Gas
9.10.4 Construction and Engineering
9.10.5 Energy and Chemicals
9.10.6 Manufacturing of Industrial Goods
9.10.7 Transportation (Rail and Aerospace)
9.10.8 Industrial and Automotive
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Calibration as a Service Analysis and Forecast
10.1 Introduction
10.2 Europe Calibration as a Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Calibration as a Service Market Size Forecast by Type
10.6.1 In-Lab Calibration
10.6.2 Onsite Calibration
10.6.3 Pick-up and Delivery Services
10.6.4 Mobile Calibration
10.6.5 Managed Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Calibration as a Service Market Size Forecast by Applications
10.10.1 Consumer Goods and Retail
10.10.2 Food and Agriculture
10.10.3 Oil and Gas
10.10.4 Construction and Engineering
10.10.5 Energy and Chemicals
10.10.6 Manufacturing of Industrial Goods
10.10.7 Transportation (Rail and Aerospace)
10.10.8 Industrial and Automotive
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Calibration as a Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Calibration as a Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Calibration as a Service Market Size Forecast by Type
11.6.1 In-Lab Calibration
11.6.2 Onsite Calibration
11.6.3 Pick-up and Delivery Services
11.6.4 Mobile Calibration
11.6.5 Managed Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Calibration as a Service Market Size Forecast by Applications
11.10.1 Consumer Goods and Retail
11.10.2 Food and Agriculture
11.10.3 Oil and Gas
11.10.4 Construction and Engineering
11.10.5 Energy and Chemicals
11.10.6 Manufacturing of Industrial Goods
11.10.7 Transportation (Rail and Aerospace)
11.10.8 Industrial and Automotive
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Calibration as a Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Calibration as a Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Calibration as a Service Market Size Forecast by Type
12.6.1 In-Lab Calibration
12.6.2 Onsite Calibration
12.6.3 Pick-up and Delivery Services
12.6.4 Mobile Calibration
12.6.5 Managed Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Calibration as a Service Market Size Forecast by Applications
12.10.1 Consumer Goods and Retail
12.10.2 Food and Agriculture
12.10.3 Oil and Gas
12.10.4 Construction and Engineering
12.10.5 Energy and Chemicals
12.10.6 Manufacturing of Industrial Goods
12.10.7 Transportation (Rail and Aerospace)
12.10.8 Industrial and Automotive
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Calibration as a Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Calibration as a Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Calibration as a Service Market Size Forecast by Type
13.6.1 In-Lab Calibration
13.6.2 Onsite Calibration
13.6.3 Pick-up and Delivery Services
13.6.4 Mobile Calibration
13.6.5 Managed Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Calibration as a Service Market Size Forecast by Applications
13.10.1 Consumer Goods and Retail
13.10.2 Food and Agriculture
13.10.3 Oil and Gas
13.10.4 Construction and Engineering
13.10.5 Energy and Chemicals
13.10.6 Manufacturing of Industrial Goods
13.10.7 Transportation (Rail and Aerospace)
13.10.8 Industrial and Automotive
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Calibration as a Service Market: Competitive Dashboard
14.2 Global Calibration as a Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DeltaTrak
14.3.2 Fluke
14.3.3 IKM
14.3.4 Ecotech
14.3.5 ETS Solutions
14.3.6 RepCal
14.3.7 Australian Calibrating Services
14.3.8 Asia GMP
14.3.9 Anritsu
14.3.10 FUTURE-TECH CORP
14.3.11 KEYSIGHT
14.3.12 Trescal
14.3.13 Leica
14.3.14 WIKA Alexander Wiegand SE & Co. KG
14.3.15 Tektronix
14.3.16 Intertek Group
14.3.17 SIMCO Electronics
14.3.18 Element Metech
14.3.19 Schwarzbeck
14.3.20 Vaisala
14.3.21 National Instruments
14.3.22 Transmille
14.3.23 Testo
14.3.24 Edgetech Instruments Inc
