The Latin America, Middle East and Africa Calibration Services Market would witness market growth of 8.4% CAGR during the forecast period (2023-2030).
As the calibration vendor has no vested interest in selling specific equipment, third-party calibration enables impartiality and objectivity in the calibration process. This ensures that calibration results are impartial and adhere to industry standards. Second, third-party calibration vendors frequently have extensive experience calibrating equipment from many manufacturers, enabling them to provide calibration services for various devices within an organization.
Companies that use equipment from multiple manufacturers find third-party calibration services particularly valuable. As a result, organizations can submit multiple instruments to a single vendor for calibration, making the process more convenient and cost-effective. Numerous advantages of calibration services are essential to the efficient and secure operation of an industrial or manufacturing facility.
Accuracy offers the equipment user the assurance that standard, repeatable procedures deliver high-quality, consistent output in accordance with design, requirement, and intended usage. Calibrated output equipment can produce parts within specifications, and calibrated quality assurance equipment ensures that parts are accepted and shipped as intended. Part rejections or, worse, returned orders result in extra effort, lost production time, and material waste, which negatively influences production efficiency and the bottom line, rendering the application of calibration services/equipment a necessary step.
In 2019, Saudi Arabia was one of the first MENA countries to launch 5G networks. According to the Saudi Arabian Communications and Information Technology Commission (CITC), 60 out of 118 governorates were overall served by 5G by the end of the second quarter, an increase of seven from the first quarter of 2021. One of the main markets in the GCC is Saudi Arabia for consumer electronics. Semiconductors that can handle higher frequencies and data rates are required to deploy 5G technology. This has increased the need for bonding techniques that guarantee low signal loss, high reliability, and efficient thermal management. As a result of the rising 5G network in the LAMEA region, the market is expected to grow.
The Brazil market dominated the LAMEA Calibration Services Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $152.8 million by 2030. The Argentina market is showcasing a CAGR of 9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.1% during (2023 - 2030).
Based on Application, the market is segmented into Industrial & Automation, Electronics, Aerospace & Defense, Communication and Others. Based on Service Category, the market is segmented into Electrical, Mechanical, Dimensional and Thermodynamics. Based on Proofreading, the market is segmented into In-house, Third-party Calibration and Manufacturer's Calibration. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Calibration Services Market is Projected to reach USD 7.9 Billion by 2030, at a CAGR of 5.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Keysight Technologies, Inc., Hexagon AB, Rohde & Schwarz GmbH & Co. KG, Fortive Corporation (Tektronix, Inc.), Viavi Solutions, Inc., Advantest Corporation, National Instruments Corporation, Anritsu Corporation, Trescal SA (EQT AB) and Omega Engineering, Inc. (Arcline Investment Management)
By Application
By Service Category
By Proofreading
By Country
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