Market Challenges And Opportunities

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.

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.