Global failure analysis equipment market was valued at USD 4.08 billion in 2012, growing at a CAGR of 8.8% from 2013 to 2019. Rapid growth in nanotechnology coupled with growth in medical applications in the Asia Pacific region has fueled the growth of failure analysis equipment market. In addition, increased investments in research and education infrastructure are also propelling the growth of failure analysis equipment market. However, high cost of failure analysis equipment leads to low adoption rate of these, especially in the cost sensitive countries of Asia Pacific region. Thereby, hinders the growth of failure analysis equipment to an extent. On the other hand, growing innovative techniques such as super-resolution microscopy and correlative light and electron microscopy (CLEM) are excellent opportunities for the market which are expected to bolster the failure analysis equipment market in the years to come.
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In 2012, Asia Pacific was the largest revenue generator for the failure analysis equipment market. The dominance by Asia Pacific is due to large number of countries such as China, India, Japan, Taiwan and Australia among others investing heavily in research and development infrastructure, nanotechnology as well as medical technologies. Similarly, North America and Europe collectively accounted for over one-third of the market share, as these have been continually focusing on research and development and have been using failure analysis equipment for R&D purpose.
Focused Ion Beam system (FIB) and Transmission Electron Microscope (TEM) accounted for majority market share in 2012, owing to rapid usage of these equipments. However, Dual Beams systems (FIB/SEM) are expected to grow at the fastest pace in the years to come owing to the several advantages over a single-beam FIB system, especially for sample preparation and microscopy applications. Thus, Dual Beam systems (FIB/SEM) are expected to grow over the forecast period.
Secondary ion mass spectroscopy (SIMS) accounted for majority market share in the year 2012 owing to several advantages such as the ability to identify elements present in very low concentration levels and the ability to identify all elements such as helium and hydrogen. Focused Ion Beam (FIB) techniques are used in applications such as die surface milling or cross-sectioning, high magnification microscopy and even material deposition. Thus, the usage in wide array of applications is expected to drive the FIB technology over the forecasted period from 2013 to 2019.
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The global failure analysis equipment market has been segmented by equipment into Scanning Electron Microscope (SEM), Transmission Electron Microscope (TEM), Focused Ion Beam Systems (FIB) and Dual Beam (FIB/SEM) Systems. The key industry participants include FEI Company, Hitachi High-Technologies Europe GmbH, Carl Zeiss SMT GmbH and JEOL, Ltd. among others.
Focus on Component Lifecycle Bolsters Demand for Services in Failure Analysis Equipment Market
Failure analysis equipment is used as engineering equipment used for finding or identifying the root cause of failure in device or machines, a key aspect from where the failure analysis equipment market. The process of failure analysis is a key function in ensuring the preventing the device or component failure. Advances in failure analysis equipment have enabled organizations manage the services pertaining to the multidisciplinary process. A key focus of manufacturers to find out root causes of malfunctioning, such as in materials and the technology. Some of the key causes of device failures can be fundamental flaw in product design, manufacturing processes, product packaging, product storage and handling. The failure analysis equipment market has been making steady strides on the back of advances in instrumentation used for failure analysis.
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Some of the key technologies at the forefront are time-of-flight secondary ion mass spectrometry (ToF-SIMS) and scanning electron microscopy / energy dispersive x-ray spectroscopy (SEM/EDS). Some of the techniques used in materials are surface analysis, metallurgical analysis, and materials characterization. Growing demand for services pertaining to non-destructive services in failure analysis. There is an increasing trend of preference of non-destructive over destructive.
The COVID-19 pandemic has led to several realignments and brought forth several challenges to businesses around the world. The pandemic also changed the growth dynamics of the market in unprecedented ways largely. Some were active in implementing new strategic and operational frameworks while some lagged. The manufacturing of failure analysis equipment has also been impacted by the slump in overall manufacturing sector in developing and developed nations. In recent months, rise in adoption of such processes in electronics industry has spurred the growth momentum of the failure analysis equipment over the past few years. The recommendations arising out of failure analysis processes are made more precise with the application of advanced data analytics technologies.
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