The Global 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), and by Region (North America, Latin America, Europe, APAC, RoW) - Global Forecast to 2030, is expected to be valued at US$ 18,183.81 Million by 2030, exhibiting a CAGR of 9.2% during the forecast period (2020-2027), as highlighted in a report published by Coherent Market Insights.
Failure analysis is the approach taken to determine how and why equipment or a component not working in the desired manner. The objective of future analysis equipment is to understand the root cause of the failure, in order to prevent similar incidences in the near future. 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 is valued at US$ 8,388.9 Mn in 2021 and is expected to exhibit a CAGR of 9.2% during the forecast period (2022 – 2030).
Key Developments
- In August 2021, Tescan Orsay Holdings, a leading manufacturer of Scanning Electronic Microscopes, launched high volume workflow, a stand-alone laser tool that provide support to the aerospace, automotive, and semiconductor industries in order to give service related to the removal of material faster and to detect the root cause of any problem through failure analysis equipment.
Global Failure Analysis Equipment Market - Impact of Coronavirus (Covid-19) Pandemic :
According to Coherent Market Insights analysis, the impact of the coronavirus (COVID-19) pandemic on the failure analysis equipment was moderate. Moreover, Due to lockdowns in countries such as China and India, the supply chain was mainly disturbed. Furthermore, many key players in the market remain operational with limited people working on the shop floor and the remaining people were working from home, which lowered the production capacity of the factory.
Due to the work-from-home facility, the productivity of manufacturing industries was lowered and resulting in a static fall in the failure analysis equipment market during a pandemic.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/failure-analysis-equipment-market-4193
Browse 150 market data tables* and 90 figures* on “Global Failure Analysis Equipment Market - Global Forecast to 2030”
Key Trends and Analysis of the Global Failure Analysis Equipment market:
- Among regions, North America is expected to witness significant growth in the global failure analysis equipment market during the forecast period. This is owing to increasing research and development activities and growing commercialization of nanotechnology-based products in the U.S. Furthermore, proactive initiatives by various organizations, institutions, and research laboratories in Canada is expected to boost the regional market growth.
- Europe is expected to register lucrative growth rate in the global failure analysis equipment market over the forecast period. This is owing to growing biotechnology industry in the region. Furthermore, rising funding for research and development in microscopy and growth of the nanotechnology sector is expected to accelerate growth of the regional market during the forecast period.
- Major players operating 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.
