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.
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Failure analysis market for Focused
Ion Beam (FIB) Systems expected to expected to grow at the highest CAGR during
the forecast period
Failure analysis market for Focused Ion Beam
(FIB) Systems is expected to grow at the highest CAGR during the forecast
period. The fastest growth of this segment can be attributed to the growing
adoption of FIB systems in material science and bioscience applications. The
development of commercially focused FIBs has led to their increased
applications in the field of material sciences. In addition to circuit editing
and Transmission Electron Microscopy (TEM) sample preparation, FIBs can now be
used for microstructural analysis and prototyping nanomachining.
Electronics & semiconductor
application expected to hold the largest share of failure analysis market
during the forecast period
Electronics & semiconductor application
expected to hold the largest share of failure analysis market during the
forecast period. The growing demand for miniature transistor chips,
nanoelectronics, quantum dots, and optoelectronics is driving the market for
failure analysis in the semiconductor industry. The electronics &
semiconductor industry is one of the growing sectors globally, owing to the
increased adoption of robotics and automation to produce electronics devices.
The electronics & semiconductor industry requires high density, integrated,
and miniaturized devices.
North America is estimated to account for the largest share of the
overall failure analysis market
North America is expected to account for largest share of failure
analysis market during the forecast period. This growth can be attributed to
wide availability of advanced microscopy systems offered by market leaders,
high and growing focus on nanotechnology, and presence of top players of the
market in North America. The major players operating in the microscopy market,
including Danaher (US) and Thermo Fisher Scientific (US), have a strong
presence in North America with a wide customer base and established
distribution channels. The penetration of advanced microscopy systems such as
electron microscopes, digital microscopes, and confocal microscopes is
significantly high in various end-use industries in this region
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Key Market Players
Thermo Fisher Scientific, Inc. (US), Hitachi High-Technologies
Corporation (Japan), Carl Zeiss (Germany), JOEL, Ltd. (Japan), TESCAN OSRAY
HOLDING (Czech Republic), Bruker (US), Semilab (Hungary), A&D
Company, Ltd. (Japan), HORIBA, Ltd. (Japan), Leica Microsystems GmbH (Germany),
Veeco Instruments (US), Oxford Instruments (UK), and Eurofins Scientific
(Luxembourg) are among a few major players in the failure analysis market.
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