The worldwide failure analysis equipment market is expected to be valued at $9.4 billion by 2022. Global failure analysis equipment sales are expected to increase at a 7.9% CAGR over the next ten years (2022-2032). By the end of 2032, the worldwide market will be worth more than $20.2 billion.
Semiconductor manufacture will remain dominant in the worldwide failure analysis equipment business. This is related to the growing use of failure analysis equipment in the semiconductor industry. From 2022 to 2032, the target category is expected to grow at a rate of 7.7%.
The growing use of failure analysis equipment in a variety of sectors will increase the market. Implementation of new laws and regulations will drive up demand for failure analysis equipment.
Failure analysis equipment is being used in industries such as oil & gas, medical devices, & semiconductor. They have become essential tools for improving product quality and reducing failure chances. This equipment helps users to get insights into the root causes of product failures.
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Increasing focus on reducing manufacturing defects will fuel failure analysis equipment sales. Besides, this, growing applications of this equipment in preventive maintenance will spur growth.
In oil & gas industry, equipment such as XRF is used for chemical analysis. Hardness testers and spectrometers find applications in the metallurgy sector. Similarly, fiber visual fault locators and VFL fiber testers are used in fiber optics.
Failure analysis equipment also finds applications in the medical industry. They allow manufacturers to develop high-quality medical devices that can work seamlessly. Expansion of the medical devices industry will boost failure analysis equipment sales.
Equipment such as SEMs is used in the detection of problems in nano-tech devices. Hence, widening applications in such numerous industries will foster growth in the market.
Key Takeaways from Failure Analysis Equipment Market Report:
- Global failure analysis equipment sales are set to exhibit a CAGR of 9% through 2032.
- By technology, the secondary ion mass spectroscopy segment will expand at 8% CAGR.
- Demand for failure analysis equipment in semiconductor manufacturing will rise at 7% CAGR.
- The United States failure analysis equipment is set to expand at 8% CAGR through 2032.
- Sales of failure analysis equipment in China are likely to surge at 9% CAGR through 2032.
- Japan failure analysis equipment will reach US$ 1.4 billion by the end of 2032.
- Failure analysis equipment demand in Korea is forecast to increase at 4% CAGR.
“Rising applications in medical device and semiconductor sectors will spur market expansion. Besides this, implementation of stringent regulations to improve product quality will fuel demand.” Says a lead Future Market Insights analyst.
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Who is Winning?
Eurofins Scientific, JEOL, Ltd., Veeco Instruments, Thermo Fisher Scientific, Carl Zeiss SMT GmbH, Bruker, Hitachi High-Technologies Europe GmbH, Tescan Orsay Holding, Oxford Instruments, and A&D Company, Ltd are leading failure analysis equipment manufacturers.
These players are focusing on expanding their product offerings by launching new failure analysis solutions. They are also using merger & acquisitions strategy to expand their footprint.
More Insights Available:
Future Market Insights, in its new offering, presents an unbiased analysis of the Failure analysis equipment market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.
The study reveals extensive growth in the failure analysis equipment market based on equipment (scanning electron microscope SEM, transmission electron microscope TEM, focused ion beam system, and dual beam (FIB/SEM) systems), technology (focused ion beam, broad ion milling, secondary ion mass spectroscopy, energy dispersive X-ray spectroscopy, reactive ion etching, and chemical mechanical planarization CMP), and end use (semiconductor manufacturing, fiber optics, bio-medical and life sciences, metallurgy, nanotechnology and nano-materials, and polymers) across several regions.
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Global Failure Analysis Equipment Market Segmentation
By Equipment:
- Scanning Electron microscope (SEM)
- Transmission Electron Microscope – TEM
- Focused Ion Beam System – FIB
- Dual – Beam (FIB/SEM) Systems
By Technology:
- Focused Ion Beam – FIB
- Broad Ion Milling – BIM
- Secondary Ion Mass Spectroscopy – SIMS
- Energy Dispersive X-Ray Spectroscopy – EDX
- Reactive Ion Etching – RIE
- Chemical Mechanical Planarization – CMP
By Application:
- Semiconductors Manufacturing
- Fiber Optics
- Bio-Medical and Life Sciences
- Metallurgy
- Nanotechnology and Nano-materials
- Polymers
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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