Market Size – The failure analysis equipment market size has grown strongly in recent years. It will grow from $8.21 billion in 2023 to $8.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to expansion of consumer electronics, quality control requirements, regulatory compliance, and demand for cost-effective solutions.
The failure analysis equipment market size is expected to see strong growth in the next few years. It will grow to $12.5 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to expansion of iot and connected devices, emergence of ai and machine learning, demand for high-reliability electronics, and globalization of manufacturing. Major trends in the forecast period include integration with big data analytics, cross-industry collaboration, environmental sustainability, enhanced user interface and software, and security and data protection.
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Scope Of Failure Analysis Equipment MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Failure Analysis Equipment Market Overview
Market Drivers –The growing adoption of IoT devices is expected to propel the growth of the failure analysis equipment market going forward. IoT devices are interconnected physical devices embedded with sensors, software, and other technologies, allowing them to collect and exchange data over the internet. IoT devices streamline workflows, automate repetitive tasks, and monitor equipment performance, leading to increased efficiency and productivity. Failure analysis equipment helps identify the underlying reasons for system failures, malfunctions, or breakdowns in automated processes to ensure that components and assemblies meet quality standards. For instance, in February 2024, according to a report published by The GSMA, a UK-based trade body that represents the interests of mobile network operators worldwide, licensed cellular IoT connections are expected to increase from 3.5 billion in 2023 to 5.8 billion IoT connections in 2030 with an 8% CAGR. Therefore, the growing adoption of IoT devices is driving the growth of the failure analysis equipment market.
Market Trends – Major companies operating in the failure analysis equipment market are developing solutions with high-force capabilities such as real-view high-resolution camera systems, to improve the accuracy and efficiency of failure analysis processes. The real-view high-resolution camera system’s advanced features, including color analysis and streamlined interpretation, make it invaluable for failure analysis tasks. For instance, in September 2023, Hitachi High-Tech Science Corporation, a Japan-based equipment manufacturer, launched the DMA200, a dynamic mechanical analyzer (DMA) distributed by Hitachi High-Tech Analytical Science Ltd. The DMA200 offers advanced thermal analysis capabilities, particularly beneficial for industries requiring in-depth evaluations of materials like automotive, aerospace, and electronics. With its upgraded Real View high-resolution camera system, including color analysis and result videos, the DMA200 simplifies interpretation, making it ideal for failure analysis and investigating abnormal results., allowing for easy visualization of investigations and the elimination of extensive coding.
The failure analysis equipment market covered in this report is segmented –
1) By Equipment: Scanning Electron Microscope, Transmission Electron Microscope, Focused Ion Beam System, Dual – Beam Systems
2) By Application: Industrial Science, Material Science, Bio Science, Electronics
3) By End-Use: Semiconductors Manufacturing, Fiber Optics, Biomedical And Life Science , Nanotechnology And Nanomaterial, Polymers
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Regional Insights – North America was the largest region in the failure analysis equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the failure analysis equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the failure analysis equipment market are Hitachi ltd., Thermo Fisher Scientific Inc., Applied Materials Inc., KLA Corporation, CARL Zeiss SMT GmbH, Eurofins Scientific SE, Ametek Inc., Keysight Technologies, Advantest Corporation, Shimadzu Corporation, Intertek Group PLC, Teradyne Inc., Bruker Corporation., HORIBA Ltd., Jeol Ltd., Leica Microsystems GmbH, Axcelis Technologies Inc., Veeco Instruments, Oxford Instruments, Exponent Inc., A&D Company Ltd., Park Systems Corporation, Tescan Orsay Holding A.S., Semilab, TESTiLABS, Motion X Corporation
Table of Contents 1. Executive Summary2. Failure Analysis Equipment Market Report Structure3. Failure Analysis Equipment Market Trends And Strategies4. Failure Analysis Equipment Market – Macro Economic Scenario5. Failure Analysis Equipment Market Size And Growth…..27. Failure Analysis Equipment Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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