Market Snapshot:
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 lossesThe research analyst at AMA estimates Failure Analysis Equipment market to grow at a compounded annual growth rate of 8.5%
Segment Analysis
AMA Research have segmented the market of Global Failure Analysis Equipment market by Type, Application and Region. On the basis of Type, Focused Ion Beam System (FIB) are dominating the market in the year 2020 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).
Market 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 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
Opportunities
In terms of failure analysis equipment there is ability to identify elements present in very low concentration levels
Restraints
- There is decreased adoption rate due to rising costs of failure analysis equipment
- Turnaround and long sample preparation time
In addition to the aforementioned factor, Due to increase in the demand of consumer electronics such as smartphones, tablets, etc. anticipating the development of the failure analysis equipment market
is expected to propel the growth of the market over the forecast period.
The key Players profiled in the study are 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).