Market Overview
The global failure analysis market can attain a growth rate of approximately 8% from 2017 to 2023, which is the forecast period, says Market Research Future (MRFR).
Top Drivers and Key Barriers
Failure analysis is a critical aspect of any industry to manufacture products or the process that helps develop or design the products. Failure analysis finds numerous applications across several industries, which include healthcare, energy, and utility, manufacturing among others. Failure analysis is a significant method to analyze the root cause of any manufacturing issue which leads to complications in production.
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Mounting awareness among people with regard to the quality of products and solutions is prompting organizations to make use of failure analysis in their manufacturing facilities. Technological and industrial developments are enabling organizations to bring down the cost of production by studying the nature of the products much before they are manufactured. Such appealing qualities has boosted the adoption of failure analysis equipment among companies, which is leading to substantial market growth across the globe.
Soaring popularity of correlative electron microscopy happens to be the latest trend penetrating the Failure Analysis Market. This technique helps analyze the form as well as the function in a biological sample. To illustrate, Hitachi Hi-Technologies Corporation recently developed MirrorCLEM, which is a system used to simplify correlative light as well as electron microscopy (CLEM). It helps observe a sample with the use of both light and scanning electron microscopes (SEM). Therefore, the demand for CLEM is increasing significantly, and this factor can take the market to greater heights in the following years.
Key Players:
Some of the prominent players in the global failure analysis market are Carl Zeiss SMT GmbH (Germany), FEI Company (U.S.), JEOL Ltd. (Japan), Hitachi High- Technologies (Japan), Tescan (U.S.), EAG Inc. (Luxembourg), Intertek Group plc (United Kingdom), Raytheon Company (U.S.) among others.
Segmental Overview
The worldwide market for failure analysis has been segmented considering equipment, technology, testing, and application.
The equipment segment includes Transmission Electron Microscopy (TEM), Scanning Electron Microscope (SEM), Dual Beam FIB, and Focused Ion Beam (FIB).
The technology sub-segments include EDX, SIMS, FIB, CMP, RIE, and BIM.
Testing-wise, the market has been split into Non-destructive Testing (NDT), physical testing, and material testing.
The applications of failure analysis are bioscience, industrial & electronics as well as material science.
Regional Outlook
North America, Asia Pacific (APAC), Europe, and the Rest-of-the-World (RoW) have been identified as the leading markets for failure analysis across the globe.
North America is believed to be the most lucrative market for failure analysis. Technological advancements coupled with rising proliferation of portable electronics devices, are expected to induce market growth in the coming years. The region also leads in terms of research and development (R&D) investments that are being made by corporations and businesses alike. High concentration of well-known players and well-established infrastructure in the region provides a significant boost to the market, inducing a favorable environment for technological advancements. The failure analysis tools market in the region is also estimated to grow on the back of the government’s efforts to expand the market for material testing.
The Asia Pacific region is projected to grow at the fastest rate during the forecast period, emerging as a promising market for failure analytics. Factors such as the presence of major semiconductor industries and the rising adoption of failure analysis solutions to fight out the risks such as chemical explosion drive the market growth in the region. In recent years, the automotive industry in the region has burgeoned extensively, on account of the accelerated demand for passenger and advanced vehicles. The passenger vehicles form a stronger market in the region, owing to high population density. As a result, the rising production of passenger and luxury cars is expected to work in favor of the regional market in subsequent years.
In Europe, the mounting demand for failure analysis technologies combined with the massive demand for top-quality analytics solutions is leading to market expansion. The semiconductor market in the region is consistently evolving, with notable growth in the internet of things (IoT), foundry as well as memory and display markets. This growth has led to the high demand for top-quality failure analysis equipment, which results in the strong market growth in the region.
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LIST OF FIGURES
FIGURE 1 Global Failure Analysis Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Failure Analysis Market
FIGURE 4 Value Chain Of Global Failure Analysis Market
FIGURE 5 Share Of Global Failure Analysis Market In 2017, By Country (In %)
FIGURE 6 Global Failure Analysis Market, 2017-2023
FIGURE 7 Sub Segments Of Equipment
FIGURE 8 Global Failure Analysis Market Size By Equipment, 2017
FIGURE 9 Share Of Global Failure Analysis Market By Equipment, 2017 TO 2023
FIGURE 10 Global Failure Analysis Market Size By Technology, 2017
FIGURE 9 Share Of Global Failure Analysis Market By Technology, 2017 TO 2023
Continued…
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Market ScenarioFailure Analysis is defined as the process used for logical and systematic investigation of equipment or machine or its documentation to detect and analyze the causes, probabilities, and consequences of actual or potential failure.The testing segment comprises materials testing, Non-destructive Testing (NDT), and physical testing.
Non-destructive Testing (NDT) is defined as the process of inspecting, testing, or evaluating materials, components or assemblies to continue the manufacturing process further.
It is also used to monitor the aging of structures periodically, instead of traditional methods.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/6092The key factors driving the failure analysis market include the rising awareness among people regarding the quality of product or solutions.
Technological advancements in failure analysis equipment are encouraging enterprises to cut cost in the production by monitoring the nature of the products in advance even before the product is manufactured.The global failure analysis market is estimated to grow at CAGR of approximately 8% during the forecast period of 2017-2023.SegmentsThe global Failure Analysis Market is segmented into equipment, technology, testing, and application.
The equipment segment consists of Scanning Electron Microscope (SEM), Transmission Electron Microscopy (TEM), Focused Ion Beam (FIB), Dual Beam FIB.
The technology segment consists of SIMS, EDX, CMP, FIB, BIM, and RIE.
According to the latest report by IMARC Group “Failure Analysis Market Size : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global failure analysis market is expected to grow at a CAGR of around 8% during the forecast period.Failure analysis refers to the science and technique of investigating the cause of failure of a product or material to take corrective actions for fixing the problem and mitigating against future losses.
The failed product is examined with different methods such as failure modes and effects analysis (FMEA), Ishikawa “fishbone” diagrams, and fault-tree analysis (FTA).
It is undertaken across various branches of the manufacturing industry to prevent material defects and misuse that can lead to failure.We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
These observations will be integrated into the report.Failure Analysis Market Trends:The global failure analysis market is primarily driven by the increasing imposition of strict regional and international regulations to ensure safety at industrial workplaces.
As a result, it is also used across various industries such as electronics and semiconductors, automobiles, and aerospace.
Furthermore, technological advancements in the field of nanotechnology and regenerative medicine are also propelling the growth of the market.Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/failure-analysis-market/requestsampleGlobal Failure Analysis Market Coverage and Segmentation 2021-2026:Competitive Landscape:The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.Some of these key players include:A Company Ltd.Bruker CorporationCarl Zeiss AG (Carl-Zeiss-Stiftung)Hitachi High-Technologies Corporation (Hitachi Ltd.)Horiba Ltd.Intertek Group PLCJEOL Ltd.Motion X CorporationTescan Orsay Holding A.S.Thermo Fisher Scientific Inc.The report has segmented the market on the basis on region, equipment, technology and end use industry.Breakup by Equipment:Scanning Electron Microscope (SEM)Focused Ion Beam (FIB) SystemTransmission Electron Microscope (TEM)Dual Beam SystemOthersBreakup by Technology:Energy Dispersive X-Ray Spectroscopy (EDX)Secondary Ion Mass Spectrometry (SIMS)Focused Ion Beam (FIB)Broad Ion Milling (BIM)Relative Ion Etching (RIE)Scanning Probe Microscopy (SPM)OthersBreakup by End Use Industry:AutomotiveOil and GasDefenseConstructionManufacturingOthersBreakup by Region:North America: (United States, Canada)Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)Latin America: (Brazil, Mexico, Others)Middle East and AfricaAsk Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/failure-analysis-marketIf you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc.
According to the new market research report "Failure Analysis Market by Equipment (Optical Microscope, SEM, TEM, FIB, Scanning Probe Microscope, Dual Beam), Technology (SIMS, EDX, CMP, FIB, BIM, RIE), Application, & Geography - Forecast to 2025", published by MarketsandMarkets™, the Failure Analysis Market is estimated to be valued at USD 3.9 billion in 2020 and is projected to reach USD 5.9 billion by 2025; it is expected to grow at a CAGR of 8.3% from 2020 to 2025.A few key factors driving the growth of this market include imposition of safety rules & regulations by governments and international bodies, rise in demand for failure analysis from the electronics & semiconductor industry, technological advancements in microscopes, and rising focus on nanotechnology and regenerative medicine.Request for PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149011970Optical microscope expected to hold the largest share of failure analysis market during the forecast periodOptical microscope expected to hold the largest share of failure analysis market during the forecast period.
This growth can be attributed to the increasing applications of digital and confocal microscopes in materials science and semiconductor & life science industries, and the increased focus on developing advanced digital microscopes.
Optical microscopes are widely used in electronics and semiconductor applications for the investigation of damaged components in an electronic circuit.Failure analysis market for material science application expected to grow at the highest CAGR during the forecast periodThe failure analysis market for material science application is expected to grow at the highest CAGR during the forecast period.
This is due to the high adoption of failure analysis equipment for material science applications.
Microscopes are used for the structural and chemical analysis of materials, including polymers, metals, alloys, ceramics, and biomaterials.
Optical microscopy and scanning electron microscope (SEM) are standard techniques in mineralogical and structural investigations of geological and archaeological samples.Browse in-depth TOC on "Failure Analysis Market"100 – Tables37 – Figures164 – PagesRequest more details on:https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=149011970North America is expected to account for largest share of failure analysis market during the forecast periodNorth America is expected to account for largest share of failure analysis market during the forecast period.
