DUBLIN--(BUSINESS WIRE)--The "Growth Opportunities in the Calibration and Repair Services Market Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The calibration and repair services market in North America and Europe is anticipated to reach $3.98 billion by 2022, driven by the increase in quality awareness, greater adoption of metrology in the manufacturing process, and tightening of regulations by calibration regulatory authorities across the world.
This market is expected to grow rapidly with the advent of Industrial Internet of Things (IIoT) since all the connected equipment need to be calibrated regularly to ensure the proper functioning of the device network. The desire for domain expertise and quality of the instruments is continuously increasing, especially in emerging countries.
The calibration and repair services market is likely to receive a boost in the following years due to the growth of its end-user industries. The instruments used, especially in industries such as aerospace & defense and life sciences, are at high risk of failure, so there is a need for calibration at regular intervals.
There is also rising demand for on-site services, as they can reduce disruptions in a company's operations. Instead of sending the instrument for repair and calibration, and then waiting for the testers to send it back, on-site calibration can lower the wait time and eliminate the risk of damage.
The service providers for the calibration and repair services market can be classified into three types:
- Original equipment manufacturers (OEMs)
- Third-party service providers (TSPs)
- In-house laboratories
The end-user industries for the calibration and repair services market include
- Aerospace and Defense
- Consumer Electronics
Key Topics Covered:
1. Executive Dashboard
2. Market Overview
3. Key Market Trends
4. Market Forecasts-North America
5. Market Forecasts-Europe
6. Visioning Scenarios
7. Growth Pipeline
8. Growth Opportunities-Vision And Strategy
9. Growth Opportunities-Brand And Demand
10. Growth Opportunities Matrix
11. Growth Strategy And Implementation
For more information about this report visit https://www.researchandmarkets.com/research/zfgsfc/3_98_bn_growth?w=4