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Failure analysis is the process of gathering and analyzing data, in order to determine the cause of failure with the objective of determining corrective actions or liability. It is crucial to understand the root cause of failure so as to prevent similar incidents in the future. Some of the common causes include assembly error, misuse or abuse, fastener failure, inadequate maintenance, manufacturing defects, low-quality material, improper heat treatments, unforeseen operating conditions, design errors, insufficient quality assurance, inadequate environmental protection, and casting discontinuities. Failure analysis equipment finds applications in various segments such as fiber optics, semiconductor manufacturing, metallurgy, polymers, life sciences, bio-medical, and nanotechnology.

The global failure analysis equipment market is estimated to account for US$ 8,388.9 Mn in terms of value by the end of 2021 and is expected to grow at a CAGR of 9.2% during the forecasted period (2022-2030).

Market Opportunity

The emergence of innovative technologies such as super-resolution microscopy can present lucrative growth opportunities

Correlative light and electron microscopy (CLEM) combines two microscopy platforms namely electron microscopy and light microscopy. Light microscopy provides 3D quantitative and analytical data with a focus on the analysis of live cells. However, only electron microscopy achieves the highest definition in terms of ultrastructure and protein labelling. Furthermore, EM provides higher-resolution images but only over specific regions of a non-living cell. LM is capable of providing wide field images of both livings as well as non-living cells, however limited. Thus, CLEM allows scientists to spot and zoom cellular structures in the whole cell. Moreover, CLEM techniques provide additional tools for quantitative 3D analysis by adding the third dimension to EM with electron tomography combined with rapid freezing.

Rising demand from emerging economies can provide major business opportunities

Many industries in emerging economies are increasingly adopting failure analysis equipment. This is owing to rising awareness regarding the economic benefits of this system. Industries such as super-conductor and life sciences are adopting this equipment, in order to prevent future failure in their operations. Key companies in the market can capitalize on these opportunities by providing novel products and gain a competitive edge in the market.

 Market Restraint

A low adoption rate due to the high cost of equipment is expected to hamper the global failure analysis equipment market growth over the forecast period

Equipment required for failure analysis such as transmission electron microscope (TEM), scanning electron microscope (SEM), and focused ion beam systems are significantly expensive. Each of these pieces of equipment costs over US$ 4 Million, which is naturally hindering their adoption. On the contrary, optical microscopes cost are less expensive than electron microscopes although the latter offers superior features and applications. End users in Asia Pacific have tight budgets for such equipment, which in turn, is expected to hamper the global failure analysis equipment market growth over the forecast period.

 Lack of skilled personnel is expected to restrain the growth of the global failure analysis equipment market during the forecast period

Operating and managing failure analysis equipment requires skilled personnel. These individuals are required to possess adequate training and knowledge regarding the equipment. Although such skilled professionals are available in developed countries, there is a dearth of such personnel in emerging regions such as Latin America, the Middle East, Asia Pacific, and Africa. Hence, these factors are expected to restrain the growth of the global failure analysis equipment market during the forecast period.

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Failure Analysis Equipment Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 8,388.9 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 9.2 % 2030 Value Projection: US$ 18,183.81 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: Israel, GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Equipment: Scanning electron microscope (SEM), Transmission electron microscope (TEM), Focused Ion Beam system (FIB), Dual - Beam (FIB/SEM) systems
  • By Technology: Focused ion beam (FIB), Broad ion milling (BIM), Secondary ion mass spectroscopy (SIMS), Energy dispersive X-ray spectroscopy (EDX), Reactive ion etching (RIE), Chemical mechanical planarization (CMP)
  • By End-use: Semiconductors manufacturing, Fiber optics, Bio-medical and life sciences, Metallurgy, Nanotechnology and nanomaterials, Polymers
Companies covered:

Key Players Covered in global Failure Analysis Equipment market are Carl Zeiss SMT GmbH, JEOL, Ltd., FEI Company, Veeco Instruments, Hitachi High-Technologies Europe GmbH, TESCAN OSRAY HOLDING, A&D Company, Ltd., Oxford Instruments, Bruker, and Eurofins Scientific

Growth Drivers:
  • High growth of nanotechnology is expected to drive growth of the global failure analysis equipment market during the forecast period
  • Rising investment in research and education infrastructure is expected to propel the global failure analysis equipment market growth over the forecast period
Restraints & Challenges:
  • Low adoption rate due to high cost of equipment is expected to hamper the global failure analysis equipment market growth over the forecast period
  • Lack of skilled personnel is expected to restrain growth of the global failure analysis equipment market during the forecast period

Global Failure Analysis Equipment Market - Impact of Coronavirus (Covid-19) Pandemic:

Due to the Covid-19 pandemic, many industries witnessed a significant change in their business. There was a significant impact on the failure analysis equipment market, as major players in the APAC region such as China incurred a huge loss due to the increasing COVID-19 virus all over the country. This spread of the virus led to the temporary suspension of various businesses in china.  

These factors have restrained the growth of the global failure equipment market during the COVID-19 Pandemic.

Competitive Scenario

Key players  Equipment the global Failure Analysis Equipment market include Carl Zeiss SMT GmbH, JEOL, Ltd., FEI Company, Veeco Instruments, Hitachi High-Technologies Europe GmbH, TESCAN OSRAY HOLDING, A&D Company, Ltd., Oxford Instruments, Bruker, and Eurofins Scientific.

Recent Developments:

  1. In September 2022, Paycor HCM, Inc., a Human Capital Management software providing company, introduced, the Paycor wallet, through this wallet employees able to access their earned wages and also able to access payment card information.
  2. In March 2021, Thales Group, a provider of innovative and secure digital solutions, introduced the Failure Analysis Equipment, a method through wearables to access Bank, with this customers were able to perform transactions reliably and seamlessly.

 Forecasted APAC is expected to hold a dominant position in Failure Analysis Equipment market in 2030

Statistics:

APAC held dominant position in the global Failure Analysis Equipment’s market in 2021, accounting for 56.2% share in terms of value, followed North America, Europe, and RoW respectively.

Figure 1: Global Failure Analysis Equipment Market Share (%), By Region, 2021

Failure Analysis Equipment  | Coherent Market Insights

APAC is expected to be one of the prominent regions in the global market and witness high growth during the forecast period. This is owing to the high growth of nanotechnology and rising investment in research and education infrastructure. 

Figure 2: Global Failure Analysis Equipment Market (US$ Mn) Analysis and Forecast, 2017 – 2030

Failure Analysis Equipment  | Coherent Market Insights          

The Global Failure Analysis Equipment Market was valued at US$ 8,388.9 Mn in 2021 and is expected to reach US$ 18,183.81 Mn by 2030, growing at a CAGR of 9.2% between 2022 and 2030.

Failure analysis is the approach taken to determine how and why equipment or a component is not working in the desired manner. Some of the common causes include assembly error, misuse, fastener failure, inadequate maintenance, manufacturing defects, low-quality material, improper heat treatments, unforeseen operating conditions, design errors, insufficient quality assurance, inadequate environmental protection, and casting discontinuities. Failure analysis equipment finds applications in a number of end-use segments namely semiconductors manufacturing, fiber optics, bio-medical and life sciences, polymers, metallurgy and nanotechnology, and nanomaterials.

The Global Failure Analysis Equipment Market was valued at US$ 8,388.9 in 2021.

Market Dynamics

The adoption of failure analysis equipment is expected to increase over the forecast period owing to increase in its demand in the electronics and semiconductor industry. In the recent past, increase in demand of nanoelectronics, quantum dots, miniature transistor chips is driving the failure analysis equipment market growth in the electronics and semiconductor industry. Furthermore, electronics and semiconductor market is rapidly growing. For instance, according to Coherent Market Insights global semiconductor industry is expected to reach 732.4 billion by 2026. Thus rapidly growing semiconductor industry is expected positively impact the growth of global failure analysis equipment market.

Failure analysis equipment offer effective way to increase production efficiency by pin pointing errors in the manufacturing process. However, implementation of this system is expensive and requires high initial investment. System operators need to provide adequate training and knowledge regarding the equipment, which is time and money consuming.

Key features of the study:

  • This report provides an in-depth analysis of the global failure analysis equipment market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global failure analysis equipment market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global failure analysis equipment market are Carl Zeiss SMT GmbH, JEOL, Ltd., FEI Company, Veeco Instruments, Hitachi High-Technologies Europe GmbH, TESCAN OSRAY HOLDING, A&D Company, Ltd., Oxford Instruments, Bruker, and Eurofins Scientific.
  • The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make an informed decisions regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global failure analysis equipment market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global failure analysis equipment market.

Detailed Segmentation

  • Global Failure Analysis Equipment Market, By Product Type:
    • Scanning electron microscope (SEM)
    • Transmission electron microscope (TEM)
    • Focused Ion Beam system (FIB)
    • Dual - Beam (FIB/SEM) systems
  • Global Failure Analysis Equipment Market, By Function:
    • Focused ion beam (FIB)
    • Broad ion milling (BIM)
    • Secondary ion mass spectroscopy (SIMS)
    • Energy dispersive X-ray spectroscopy (EDX)
    • Reactive ion etching (RIE)
    • Chemical mechanical planarization (CMP)
  • Global Failure Analysis Equipment Market, By End Use:
    • Semiconductors Manufacturing
    • Fiber optics
    • Bio-medical and life sciences
    • Metallurgy
    • Nanotechnology and nanomaterials
    • Polymers
  • Global Failure Analysis Equipment Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
    • Carl Zeiss SMT GmbH*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • JEOL, Ltd.
    • FEI Company
    • Veeco Instruments
    • Hitachi High-Technologies Europe GmbH
    • Tescan Osray Holding
    • A&D Company, Ltd.
    • Oxford Instruments
    • Bruker
    • Eurofins Scientific.

Frequently Asked Questions

The Global Failure Analysis Equipment Market is valued of US$ 8,388.9 Million in 2021.
The Market is expected to witness a CAGR of 9.2% during the forecast period (2022-2030).
Major factor driving the growth of market during the forecast period are high growth of nanotechnology and rising investment in research and education infrastructure.
The Market is estimated to reach US$  18,183.81 Million by 2030.
Among regions, the Europe APAC held the largest share in the Markets in 2021.
The key players operating in the market include Carl Zeiss SMT GmbH, JEOL, Ltd., FEI Company, Veeco Instruments, Hitachi High-Technologies Europe GmbH, TESCAN OSRAY HOLDING, A&D Company, Ltd., Oxford Instruments, Bruker, and Eurofins Scientific

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