Europe Calibration Services Market Size By Type (In-House Laboratories, OEM), By Service (Electrical, Mechanical), By End-User Industry (Aerospace And Defense, Electronics Manufacturing), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Europe Calibration Services Market Size And Forecast
Europe Calibration Services Market size was valued at USD 2.7 Billion in 2024 and is projected to reach USD 4.53 Billion by 2031, growing at a CAGR of 7.53% during the forecasted period 2024 to 2031.
Calibration services are commonly used in several industries to enhance instrument uptime, effectiveness, and adherence to regulatory and quality requirements. These are among the factors that will propel the Europe Calibration Services Market forward. The Europe Calibration Services Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Europe Calibration Services Market Definition
When using measurement equipment, the results must be precise and accurate. The measurement of devices and facilities is as essential as the operation of the business. Calibration is described as the procedure of testing and adjusting an instrument’s measurements or reading capabilities by correlating the instrument’s quantification being evaluated with the real or appropriate readings of the standard. Such facilities are committed to correlating, detecting, reporting, or eradicating by adjustment any disparity inconsistency of the tool when particularly in comparison to the reference.
Calibration services technicians align the instruments’ readings with the standard. Calibration services aid in the establishment of a repetitive level of instrument performance, ensuring process quality. It is regarded as the first step in the process of improving the equipment and components. Today, various industries use a variety of components, equipment, and measuring systems as part of their business operations.
Aerospace and defense, communications, industrial and automotive, electronic manufacturing, and other end-use industries cannot manage expensive production downtime caused by unexpected instrument failures. The accuracy of an instrument is critical to the quality or safety of a product. As a result, frequent calibration of instruments is critical in business operations because it enhances plant efficiencies. Instruments are calibrated at specified intervals as part of routine practice by calibration service providers, who also include a calibration certificate from an accredited laboratory.
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Europe Calibration Services Market Overview
One of the major factors determining market growth is rapid industrialization, which is accompanied by increasing demand for checking and measuring devices. Furthermore, rising public awareness of the importance of protecting and maintaining tools and machinery is driving the market growth. Calibration services are frequently used by organizations for in-house equipment standardization and by OEMs to ensure the effectiveness of their products. Numerous third-party calibration companies for outsourcing have also emerged, which is contributing to market growth. Technological advancements, like advancements in 3D printing technology and the growth of tissue-mimicking 3D phantoms, are also growth-inducing factors.
Think of these enhanced services as fine-tuning everything from planes and tanks to your car and even medical equipment! They make sure everything is working perfectly, whether it's electrical, mechanical, or something else. And with constant R&D, the market is only going to get bigger. It's interesting that EU countries still buy a lot of their defense stuff at home. This means a big chance for European calibration service companies, especially with the strong growth in defense and aerospace. The complex software they use needs to be spot-on. So, yeah, these calibration providers in defense and aerospace have a huge responsibility. Plus, with armies and bases getting upgrades, the whole landscape of calibration services in Europe is set to change, maybe even become more automated!
Industrial maintenance firms are still suffering from a skilled worker shortage. Several factors contribute to this problem, including rapidly changing technology, increased demand for workers with more diverse skill sets, and fewer people looking to enter the field. Furthermore, a rising proportion of experienced employees are retiring in large numbers, leaving the skilled labor workforce and taking with them their specialized knowledge and skills. As a result, it is possible that a lack of skilled labor will restrict the future expansion of the Europe Calibration Services Market.
Europe Calibration Services Market Segmentation Analysis
The Europe Calibration Services Market is Segmented on the basis of Type, Service, End-User Industry, And Geography.
So, when it comes to how calibration is done, the market breaks down into a few main areasIn-House Laboratories, OEM (Original Equipment Manufacturers), and Third-Party Services. Back in 2019, OEMs were the biggest players. Thing is, some OEMs even offer calibration services specifically for the stuff you buy from them. And you know, for a lot of test equipment, you need to calibrate it every year to make sure it's still giving you accurate readings. Sending it back to the people who made it, the OEM, often means you're getting the best possible calibration. Going with the OEM for calibration just makes life easier – you don't have to hunt around for someone trustworthy. Plus, they know all the ins and outs of the product and exactly what it needs to meet those original specs since, well, they designed it!
Based on Service, the market is bifurcated into Electrical, Mechanical, Thermodynamic, and Physical/Dimensional. Electrical accounted for the largest market share in 2019. Effective electrical calibration is essential for any process industry or lab environment. The calibration of electrical instruments defines the overall integrity and quality of the production chain. Accuracy, affordability, and timeliness are some of the benefits offered by electrical calibration services.
Europe Calibration Services Market, By End-User Industry
Now, when we look at who's using calibration services, it breaks down into a few main groupsAerospace & Defense, Electronics Manufacturing, Communications, Industrial & Automotive, and of course, Others. Back in 2019, Electronic Manufacturing was the biggest user. Think about it – making electronics means machines and equipment need to be super precise to get things just right. Calibration is a must-have, especially in electronic manufacturing, because without those quality certifications, you simply can't sell your stuff. And with manufacturing growing and tech becoming a bigger part of things, there's basically zero wiggle room for mistakes anymore.
Europe Calibration Services Market, By Geography
• Germany• UK• France• Sweden• Denmark• Norway• Eastern European Countries• Rest of Europe
On the basis of Geography, The Europe Calibration Services Market is segmented into Germany, the UK, France, Sweden, Denmark, Norway, Eastern European Countries, and the Rest of Europe. Germany accounted for the largest market share in 2019, followed by the UK. Germany holds the leading position in the automotive market in terms of production and sales. The demand for calibration services in Europe is expected to remain stable in the coming years owing to the growth in the automotive industry.
Key Players
The “Europe Calibration Services Market” is highly fragmented with the presence of a large number of major companies including Tektronix, Inc., Trescal Inc., Rohde & Schwarz GmbH & Co KG, BRUEL & KJAER Sound & Vibration Measurement, Keysight Technologies, Inc., Micro Precision Calibration, Optical Test and Calibration Ltd., Endress+Hauser, IBM Corporation, and Siemens AG.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2021-2031
Base Year
2024
Forecast Period
2024-2031
Historical Period
2021-2023
Unit
Value (USD Billion)
Key Companies Profiled
Tektronix, Inc., Trescal Inc., Rohde & Schwarz GmbH & Co KG, BRUEL & KJAER Sound & Vibration Measurement, Keysight Technologies, Inc., Micro Precision Calibration, Optical Test and Calibration Ltd.
Segments Covered
By Type, By Service, By End-User Industry, And By Geography.
Customization scope
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