Market Research Future published a research report on “Failure Analysis Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
The global failure analysis market can attain a growth rate of approximately 8% from 2017 to 2023, which is the forecast period, says Market Research Future (MRFR).
Top Drivers and Key Barriers
Failure analysis is a critical aspect of any industry to manufacture products or the process that helps develop or design the products. Failure analysis finds numerous applications across several industries, which include healthcare, energy, and utility, manufacturing among others. Failure analysis is a significant method to analyze the root cause of any manufacturing issue which leads to complications in production.
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Mounting awareness among people with regard to the quality of products and solutions is prompting organizations to make use of failure analysis in their manufacturing facilities. Technological and industrial developments are enabling organizations to bring down the cost of production by studying the nature of the products much before they are manufactured. Such appealing qualities has boosted the adoption of failure analysis equipment among companies, which is leading to substantial market growth across the globe.
Soaring popularity of correlative electron microscopy happens to be the latest trend penetrating the Failure Analysis Market. This technique helps analyze the form as well as the function in a biological sample. To illustrate, Hitachi Hi-Technologies Corporation recently developed MirrorCLEM, which is a system used to simplify correlative light as well as electron microscopy (CLEM). It helps observe a sample with the use of both light and scanning electron microscopes (SEM). Therefore, the demand for CLEM is increasing significantly, and this factor can take the market to greater heights in the following years.
Some of the prominent players in the global failure analysis market are Carl Zeiss SMT GmbH (Germany), FEI Company (U.S.), JEOL Ltd. (Japan), Hitachi High- Technologies (Japan), Tescan (U.S.), EAG Inc. (Luxembourg), Intertek Group plc (United Kingdom), Raytheon Company (U.S.) among others.
The worldwide market for failure analysis has been segmented considering equipment, technology, testing, and application.
The equipment segment includes Transmission Electron Microscopy (TEM), Scanning Electron Microscope (SEM), Dual Beam FIB, and Focused Ion Beam (FIB).
The technology sub-segments include EDX, SIMS, FIB, CMP, RIE, and BIM.
Testing-wise, the market has been split into Non-destructive Testing (NDT), physical testing, and material testing.
The applications of failure analysis are bioscience, industrial & electronics as well as material science.
North America, Asia Pacific (APAC), Europe, and the Rest-of-the-World (RoW) have been identified as the leading markets for failure analysis across the globe.
North America is believed to be the most lucrative market for failure analysis. Technological advancements coupled with rising proliferation of portable electronics devices, are expected to induce market growth in the coming years. The region also leads in terms of research and development (R&D) investments that are being made by corporations and businesses alike. High concentration of well-known players and well-established infrastructure in the region provides a significant boost to the market, inducing a favorable environment for technological advancements. The failure analysis tools market in the region is also estimated to grow on the back of the government’s efforts to expand the market for material testing.
The Asia Pacific region is projected to grow at the fastest rate during the forecast period, emerging as a promising market for failure analytics. Factors such as the presence of major semiconductor industries and the rising adoption of failure analysis solutions to fight out the risks such as chemical explosion drive the market growth in the region. In recent years, the automotive industry in the region has burgeoned extensively, on account of the accelerated demand for passenger and advanced vehicles. The passenger vehicles form a stronger market in the region, owing to high population density. As a result, the rising production of passenger and luxury cars is expected to work in favor of the regional market in subsequent years.
In Europe, the mounting demand for failure analysis technologies combined with the massive demand for top-quality analytics solutions is leading to market expansion. The semiconductor market in the region is consistently evolving, with notable growth in the internet of things (IoT), foundry as well as memory and display markets. This growth has led to the high demand for top-quality failure analysis equipment, which results in the strong market growth in the region.
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LIST OF FIGURES
FIGURE 1 Global Failure Analysis Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Failure Analysis Market
FIGURE 4 Value Chain Of Global Failure Analysis Market
FIGURE 5 Share Of Global Failure Analysis Market In 2017, By Country (In %)
FIGURE 6 Global Failure Analysis Market, 2017-2023
FIGURE 7 Sub Segments Of Equipment
FIGURE 8 Global Failure Analysis Market Size By Equipment, 2017
FIGURE 9 Share Of Global Failure Analysis Market By Equipment, 2017 TO 2023
FIGURE 10 Global Failure Analysis Market Size By Technology, 2017
FIGURE 9 Share Of Global Failure Analysis Market By Technology, 2017 TO 2023
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