Market Overview
Failure analysis is a technological approach to ensure the proper functioning of various systems. It involves data collection and subsequent analysis to identify the cause of failure in any system and is of paramount importance to industries. Failure analysis is leveraged across diverse industries such as energy & utility, healthcare, manufacturing, and others. The latest report published by Market Research Future (MRFR) identifies various key macro and micro-economic factors affecting the global failure analysis system market over the forecast period of 2017-2023. MRFR has projected the failure analysis market to reach a valuation of USD 8.57 Bn at a CAGR of 8% over the forecast period.
Consumers demand high-quality products and services which have compelled various enterprises to implement failure analysis to their processes. The manufacturing sector extensively employs failure analysis techniques to prevent product malfunctions, prevent hazardous incidents, and insure product life. Failure analysis is also vital to process development as it helps in the achievement of process reliability, lower lifecycle cost, and prevent customer dissatisfaction. The growing complexity of circuit design and decreasing size of circuits has propelled the adoption of failure analysis in the semiconductor industry. This has also favored the growth of the failure analysis market.
Cost curtailment remains a key area of concern for multiple industries which leads to escalated demand for failure analysis. Failure analysis aid enterprises quantify the effects and impacts of failures which helps in the prevention of economic losses incurred due to system failure.
On the flipside, failure analysis market is still in its nascent stage which presents an array of challenges to the market growth. Lack of standardization in testing methods and high initial investment remain major impediments.
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Failure Analysis Market Segmentation:
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.
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.
Regional Analysis
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 Updates
May 2019 - Thermo Fisher Scientific, a biotechnology product development company, has developed a new SEM technology, ColorSEM which is the first commercial solution that consists of integrated elemental analysis with unique color imaging. The new technology allows the generation of complete information from samples and is a more productive technique as compared to others. Scientists and engineers can instantly analyze meaningful elemental content that is differentiated by color with the help of ColorSEM.
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Intended Audience
- Technology Investors
- Research/Consultancy Firms
- System Integrators
- Original Equipment Manufacturers
- Oil & Gas Industries
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
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