In 2023, the global calibrator market is expected to be worth US$ 0.96 billion. Market growth is being driven by strict quality regulations and increased industrial automation. The market is expected to be worth US$ 1.4 billion in 2033, with a CAGR of 4.3% from 2023 to 2033.
The use of calibrators in the electronics and semiconductor industries to maintain product quality, dependability, and linearity of numerous electronic devices is increasing demand for calibrators.
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The easy availability of a large number of calibrators based on the function and form of the calibrated equipment is expected to drive sales in this market.
The increasing usage of pressure calibrators to ensure the accuracy of various instruments, as well as to enhance the quality standard of products is likely to propel the market.
The high demand for multifunction calibrators from numerous industry verticals, such as semiconductor, automotive, and aerospace & defense is estimated to support the growth in this market.
The surging usage of calibrators for setting up laboratory devices to conform to a known measure is another factor that is expected to boost the market in the upcoming years.
The increasing advancement of technology has led to the development of more sophisticated and efficient calibrators. Digital calibrators with advanced features like digital displays, automated procedures, and remote control capabilities offer improved accuracy, ease of use, and faster calibration times. The demand for such technologically advanced calibrators drives market growth.
North America is expected to hold a significant calibrator market share throughout the forecast period due to the advancement in technology and stringent quality standards, advanced industrial infrastructure
Asia Pacific is likely to dominate the calibrators market from 2023 to 2033, the presence of emerging economies like China and India, contribute significantly to the market expansion.
Key Takeaways from the Market Study
- From 2018 to 2022, the calibrator market demand expanded at a CAGR of 3.7%
- Based on the mineral type, the online segment dominates the market with a CAGR of 4.1% during the forecast period.
- Based on the current type, the AC segment is expected to account for a CAGR of 4.2% during the forecast period.
- North America to emerge as a promising calibrator market, capturing a CAGR of 4.2 %
- The calibrator industry in the United Kingdom is predicted to reach US$ 4 million by 2033
- South Asia and the Pacific to be an opportunistic calibrator market, expected to capture a CAGR of 4.1% during the forecast period.
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Competitive Landscape:
The global calibrator market is fragmented with the presence of several large and medium-scale players. The leading players in the calibrator market are investing in strategic agreements in order to capture market share.
- In July 2022- Fluke Calibration introduces 5560A Multi-Product Calibrator which enables technicians to calibrate the broadest workloads with greater accuracyThe new Fluke Calibration 5560A Multi-Product Calibrator meets the demands of modern workloads by enabling technicians to calibrate more devices with a single calibrator and at a greater accuracy — up to 6.5 digits — than ever before.
- In March 2022- Beamex and Siemens collaborate to enable paperless calibration workflows
- In January 2023- AMETEK Germany, part of AMETEK Inc., announce the inauguration of a new, state-of-the-art Customer Center of Excellence in Weiterstadt, Germany, that will provide enhanced support to its customers through in-person demonstrations of AMETEK innovations and solutions across major industries.
Know More about What the Calibrators Market Report Covers
Future Market Insights offers an unbiased analysis of the global calibrators market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the calibrators market, the market is segmented based on current type, sales channel, and end-use across six major regions.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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