The global failure analysis market is expected to grow at a CAGR of around 8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
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.
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 2021-2026. Our report has categorized the market based on region, equipment, technology and end use industry.
Breakup by Equipment:
Breakup by Technology:
Breakup by End Use Industry:
Breakup by Region:
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.
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