London, 01 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Calibration Services Market 2014-2018, which is expected to grow at a CAGR of 6.55 percent during the forecast period of 2013-2018.
Calibration is an operation undertaken to compare the performance of a measurement instrument against a measurement standard. It indicates the traceability of the instrument and accuracy of the measured data. If undertaken at regular intervals, it helps identify any faults with an instrument at the earliest, reducing downtime and increasing production.
Calibration services include electrical, mechanical, thermodynamic, and dimensional/physical, which are used across the industrial manufacturing, automotive, aerospace and defense, and power industries.
Key Market Drivers
- Demand for Onsite Calibration
- Increased Quality Management across Industries
- Increased Cooperation between OEMs and Third-party Vendors
Key Market Trends
- Availability of Software-based Calibration Solutions
- Calibration of Fieldbus Instruments
- Increase in Demand from the APAC Region
“The availability of software-based calibration solutions is one of the major trends in the market,” says Faisal Ghaus, Vice President of TechNavio.
“Vendors are providing software that automates the calibration process, which helps in maintaining proper documentation, and reduces time and effort.”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
