Failure Analysis Market Is Booming Worldwide - Growth and Future Opportunities

The Failure Analysis Market is projected to USD 5.9 Billion by 2025 from USD 4.7 billion in 2022 at a CAGR of 8.3% during the forecast period. It was observed that the growth rate was 3.91% from 2021 to 2022. Focused Ion Beam Equipment segment is expected to grow at a highest CAGR of 6.13%.

Failure analysis equipment is responsible for animating and analyzing the root cause of a failure of a product, device, or system. The failure analysis market report covers several types of failure analysis equipment such as an optical microscope, scanning probe microscope, Transmission Electron Microscope (TEM), Scanning Electron Microscope (SEM), Focused Ion Beam (FIB), and dual beam system.

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Opportunity: Integration of microscopy with spectroscopy

The integration of microscopy with spectroscopy is expected to present major opportunities to research communities due to its wide variety of applications. For instance, combining Raman spectroscopy with atomic force microscopy or optical microscopy provides detailed information about nanoscale properties and composition. Other benefits offered by these combined techniques include precise alignment of the sample, optical signal transfer from the microscope to the spectrometer, and precise focus of the excitation light at the detection point. The high potential of combining microscopy technologies led to developments such as the introduction of the DXR2 Raman Imaging Microscope by Thermo Fisher Scientific. This instrument consists of an optical microscope integrated with a Raman spectrometer to obtain both traditional optical and spectrochemical images.

Challenge: Dearth of skilled professionals

Physicists and laboratory technicians can efficiently operate standard compound microscopes. However, with the development of advanced microscopes, the requirement for skilled personnel has increased. For example, atomic force scanning tunneling microscopes—widely used in nanotechnology—require physicists or technicians to have thorough interdisciplinary knowledge in the field of surface physics and surface analyses to study the characterization of biological and chemical compounds at the atomic or molecular level. The complexity of advanced microscopes makes the dearth of skilled professionals a key challenge to their use and adoption.