About Failure Analysis Equipment
Failure analysis equipment is refer as the is the instrument through which the process of collecting and analysing data to determine the cause of a failure is done, it is often done with the goal of determining corrective actions or liability. If done in a correct way then failure analysis can save money, lives, and resources. No matter how effective a plants reliability program is but possibility of equipment failure is there. Until the component is no longer functional, many failure involve a gradual degradation of properties. Failures due to wear or general corrosive attack, account for tremendous material losses
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.1% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Failure Analysis Equipment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Carl Zeiss SMT GmbH (Germany), FEI Company (United States), JEOL Ltd. (Japan), Hitachi High- Technologies (Japan), Tescan (United States), Intertek Group plc (United Kingdom) and A&D Company (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Asahi Kasei Microdevices Corporation (Japan) and TESTiLABS (Finland).
Segmentation Overview
AMA Research has segmented the market of Global Failure Analysis Equipment market by Type (Scanning Electron Microscope (SEM), Transmission Electron Microscope (TEM), Focused Ion Beam System (FIB) and Dual-beam Systems), Application (Industrial Science, Material Science, Bioscience and Electronics) and Region.
On the basis of Type, Focused Ion Beam System (FIB) are dominating the market in the year 2023 where as Dual-beam Systems stood as second largest market share.
On the basis of geography, the market of Failure Analysis Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Focused Ion Beam (FIB) Technology will boost the Failure Analysis Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid acceptance of failure analysis techniques such as SQUID, SDR, EMMI, XIVA and OBIRCH and Increased usage of failure analysis equipment in manufacturing industries
Market Growth Drivers:
Due to increase in the demand of consumer electronics such as smartphones, tablets, etc. anticipating the development of the failure analysis equipment market and Increased growth in the semiconductor industry
Challenges:
Tough operating procedure and Reduce size of equipment
Restraints:
There is decreased adoption rate due to rising costs of failure analysis equipment and Turnaround and long sample preparation time
Opportunities:
In terms of failure analysis equipment there is ability to identify elements present in very low concentration levels
Market Leaders and their expansionary development strategies
In August 2023, Ametek, Inc. acquired T&M Measurement Solutions, a manufacturer of semiconductor test and failure analysis equipment. This acquisition expands Ametek's offerings in the semiconductor test and failure analysis market.
In May 2023, EDAX launched the Element ID MAX, a new energy-dispersive X-ray (EDX) spectrometer for high-throughput failure analysis. This product offers faster analysis times and improved sensitivity for material characterization.
Key Target Audience
Manufacturer, Suppliers & Distributors, Potential Investors, New Entrance and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.