The global failure analysis market is projected to witness a rapid growth during the forecast period. The factors such as aging infrastructure, innovation in materials, and increasing complexity with traditional equipment’s are aiding the market growth.
The global failure analysis market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the Failure Analysis Market in North American region is expected to witness significant growth during the forecast period owing to the presence of major players and demand for advanced failure solutions to prevent faulty manufacturing of products
In the global failure analysis market, Asia Pacific is anticipated to grow at the highest CAGR during the forecast period as compared to other regions, owing to the urbanization, industrialization, and growing adoption of failure analysis techniques in material science, bioscience, and industrial & electronics.
The global failure analysis market is projected to reach USD 8.57 Billion at a CAGR of over 8% by the end of the forecast period.
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The 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. The testing consists of material testing, Non-destructive Testing (NDT), and physical testing. The application segment comprises material science, bioscience, and industrial & electronics.
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.
Failure Analysis Market – Competitive Analysis
Highly competitive by nature, the global failure analysis market appears to be fragmented due to the presence of many players. Key strategies traced from the analysis of recent developments of the market players include agreement & partnership, acquisition expansion, and product launch. These key players strive to deliver comprehensive testing solutions with adept technology and features. Growth in terms of product innovations and technologies in the market are also expected to create strong investment opportunities for the global players.
The global failure analysis market is studied for North America, Europe, Asia Pacific, and the rest of the World. North America failure analysis market is expected to have the largest market share owing to the presence of major players, well-established research & development centers, and growing demand for advanced failure analysis. Asia Pacific is expected to be the fastest growing region in the failure analysis market owing to the presence of major semiconductor industries and the rising adoption of failure analysis solutions to combat dangers like chemical explosion.
Industry/ Innovation/ Related News:
October 31, 2018 – Buehler (US), a premier manufacturer of metallography equipment for material preparation, testing and analysis along with its sister concern Instron corporation (US), a manufacturer of test equipment designed to evaluate the mechanical properties of materials and components, such as universal testing machines teamed up at ISTFA International Symposium for Testing and Failure Analysis to present equipment and accessories for electronics materials testing.
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