Failure analysis equipment market

Failure Analysis Equipment Market, By equipment (Scanning electron microscope (SEM), Transmission electron microscope (TEM), Focused Ion Beam system (FIB), and 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), and Chemical mechanical planarization (CMP)), By end-use (Semiconductors manufacturing, Fiber optics, Bio-medical and life sciences, Metallurgy, Nanotechnology and nanomaterial’s, and Polymers), By Region (North America, Latin America, Europe, APAC, RoW) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Jan 2023
CMI4193
130 Pages
Excel & Pdf
Information and Communication Technology

Summary

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.

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:

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.
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

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

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.

Table of Content

Table of Contents

*Browse 60 market data tables and 40 figures on " Global Failure Analysis Equipment Market - Global forecast to 2030”.

Segmentation

Detailed Segmentation

- Frequently Asked Questions -

What is the current Global Failure Analysis Equipment Market size?

The Global Failure Analysis Equipment Market is valued of US$ 8,388.9 Million in 2021.

What is the expected compound annual growth rate (CAGR) of the Market during the forecast period (2022-2030)?

The Market is expected to witness a CAGR of 9.2% during the forecast period (2022-2030).

What is the primary factor contributing to the growth of the market?

Major factor driving the growth of market during the forecast period are high growth of nanotechnology and rising investment in research and education infrastructure.

What are the growth estimates for Market till 2030?

The Market is estimated to reach US$ 18,183.81 Million by 2030.

Which region held the largest market share in the Market in 2021?

Among regions, the Europe APAC held the largest share in the Markets in 2021.

Who are the key players operating in the Global Failure Analysis Equipment?

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