Failure Analysis Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Failure Analysis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global failure analysis market grew at a CAGR of around 8% during 2014-2019. Failure analysis refers to a systematic and logical investigation of a piece of equipment to analyze the physical, chemical and machinal causes for a particular failure. Some of the common failure analysis techniques include Energy Dispersive X-Ray Spectroscopy (EDX), Secondary Ion Mass Spectrometry (SIMS), Focused Ion Beam (FIB), Broad Ion Milling (BIM), etc. These techniques aid in understanding the root cause of the failure, prevent asset or product failures, improve future products and processes and thus prevent financial losses and penalties. As a result, failure analysis finds extensive applications across various industrial sectors, such as automotive, oil and gas, defense, construction and manufacturing.

Significant growth in the manufacturing industry, along with rapid industrialization across the globe, especially in the developing economies, is one of the key factors creating a positive outlook for the market growth. Furthermore, widespread adoption of failure analysis for material science applications is providing a thrust to the market growth. Optical and scanning electron microscopes are used for the mineralogical and structural analysis of materials, such as metals, polymers, alloys, biomaterials and ceramics. Additionally, various technological advancements, such as the utilization of focused ion beam systems to study biological samples and biomaterials, are acting as other growth-inducing factors. Apart from this, automobile manufacturers are also using vision and artificial intelligence (AI)-based failure analysis tools for performance analysis, vehicle dynamic studies and accident reconstruction. Other factors, including an increasing focus on nanotechnology, along with the implementation of stringent government regulations for ensuring safety at industrial workplaces, are anticipated to drive the market further. Looking forward, IMARC Group expects the global failure analysis market to continue its moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global failure analysis market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, equipment, technology and end use industry.

Breakup by Equipment:

Scanning Electron Microscope (SEM)
Focused Ion Beam (FIB) System
Transmission Electron Microscope (TEM)
Dual Beam System
Others

Breakup by Technology:

Energy Dispersive X-Ray Spectroscopy (EDX)
Secondary Ion Mass Spectrometry (SIMS)
Focused Ion Beam (FIB)
Broad Ion Milling (BIM)
Relative Ion Etching (RIE)
Scanning Probe Microscopy (SPM)
Others

Breakup by End Use Industry:

Automotive
Oil and Gas
Defense
Construction
Manufacturing
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being A&D Company Ltd., Bruker Corporation, Carl Zeiss AG (Carl-Zeiss-Stiftung), Hitachi High-Technologies Corporation (Hitachi Ltd.), Horiba Ltd., Intertek Group PLC, JEOL Ltd., Motion X Corporation, Tescan Orsay Holding A.S. and Thermo Fisher Scientific Inc.

Key Questions Answered in This Report:

How has the global failure analysis market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global failure analysis market?
What are the key regional markets?
What is the breakup of the market based on the equipment?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global failure analysis market and who are the key players?
What is the degree of competition in the industry?