Failure Analysis Equipment Market Size, Share, Growth Analysis, By Equipment Type(Scanning Electron Microscope (SEM), Transmission Electron Microscope (TEM), Focused Ion Beam System (FIB), Dual-beam Systems), By Technology(Broad Ion Milling (BIM) Technology, Secondary, Ion Mass Spectroscopy (SIMS) Technology, Energy Dispersive X-ray Spectroscopy (EDX) Technology), By Region - Industry Forecast 2024-2031

Drivers

Rise in the Emergence of New Technologies

• Correlated light and electron microscopy (CLEM) combines two microscopy platforms, electron microscopy and light microscopy. Light microscopy provides 3D quantitative and analytical data with a focus on live cell analysis. However, for ultrastructure and protein labeling, only electron microscopy provides the highest resolution. Furthermore, EM provides high-resolution images but only in specific areas of the abiotic cell. LM can provide a broad picture of living and nonliving cells, despite its limited range. CLEM thus allows scientists to view and magnify cells throughout the cell. Furthermore, CLEM techniques provide a new tool for quantitative 3D analysis by adding a third dimension to EM by combining electron tomography with fast freezing.

Growing Demand from Emerging Economies may Create Greater Business Opportunities

• Many businesses in emerging markets are increasingly adopting failure detection tools. This is due to the growing awareness of the economic benefits of this system. Industries such as super-conductors and life sciences are adopting these devices to prevent future failures in their processes. Market-leading companies can take advantage of these opportunities by offering new products and gaining a competitive edge in the market.

Restraints

Increased Cost of Ownership and Maintenance

• The use of microscopes has changed. Traditional microscopes are gradually losing their market to high-end microscopes such as electron microscopes, scanning probe microscopes and digital microscopes due to advanced materials, higher optical power and power supply size for reasons but these microscopes range in price from $25,000 to $2 million, hitting clinical users, pathology laboratories and small businesses is also a major factor. Microscopes have a cost it comes back in the form of maintenance costs, which ultimately provides the total cost of ownership. For example, maintenance costs for small electronic portable devices are in the US dollar range i.e. $15,000–$100,000 per year. High costs have led users to rely on government and private research funding, which has restricted market growth to some extent.

Lack of Skilled Labour

• Physicists and laboratory technicians can make good use of standard hybrid microscopes. However, the development of advanced microscopes has increased the need for skilled personnel. For example, atomic force scanning tunneling microscopes—widely used in nanotechnology—require thorough interdisciplinary knowledge in surface physics and surface analysis for physicists or engineers and be able to characterize the chemical properties of organic compounds at the atomic or molecular level.