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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 on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

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

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.

These enhanced services are used to calibrate aviation, defense, electronics, automotive, and medical devices or components on electrical, mechanical, thermodynamic, and physical levels. Other factors, such as continuous R&D, are anticipated to propel the market even further. EU member states continue to buy a large portion of their defense equipment on the domestic market. The strong growth of Europe’s defense and the aerospace sector offers a significant opportunity for the region’s calibration service providers. The sophisticated algorithms included in this industry must function flawlessly. Calibration service providers within the defense and aerospace sector bear a great deal of responsibility. Calibration services provided in Europe are anticipated to change as army devices and facilities become more modernized.

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.

Europe Calibration Services Market, By Type

• In-House Laboratories• OEM• Third-Party Services

Based on Type, the market is bifurcated into In-House Laboratories, OEM, and Third-Party Services. OEM accounted for the largest market share in 2019. A few OEMs also offer calibration services that are specific to the product purchased from them. For many types of test equipment, annual calibration is necessary in order to ensure the measured values meet the original specifications. Sending the equipment back to the original manufacturer ensures the highest-quality calibration is attained. Choosing the OEM for calibration services helps in reducing the need to search for a reliable calibration provider. It enables the customers to know all the options, parameters, and ranges that will meet the original specifications as they will be calibrated by the same company that designed the product.

Europe Calibration Services Market, By Service

• Electrical• Mechanical• Thermodynamic• Physical/Dimensional

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

• Aerospace &Defense• Electronics Manufacturing• Communications• Industrial & Automotive• Others

Based on End-User Industry, the market is bifurcated into Aerospace &Defense, Electronics Manufacturing, Communications, Industrial & Automotive, and Others. Electronic Manufacturing accounted for the largest market share in 2019. In electronic manufacturing, machines and equipment require quite a lot of precision in their design in order to produce the items, the way they want to. The calibration services are vital for industries such as electronic manufacturing as, without quality certification, no one can sell their devices and equipment to the customers. With the expansion of the manufacturing sector along with the incorporation of technology into the industrial setup, the room for errors is next to nil.

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 ATTRIBUTESDETAILS
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

Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

Customization of the Report

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Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )