The “Failure Analysis Test Equipment Market by Product (Focused Ion Beam, Dual Beam System, and Electron Microscope) and Geography (North America, APAC, Europe, Middle East and Africa, and South America) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. The potential growth difference for the failure analysis test equipment market size between 2021 and 2026 is USD 2.01 bn. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report
- Market Driver: The increasing importance of failure analysis in industries and research institutions is driving the growth of the market. A failed product is subjected to microscopic examination to find out the cause of failure. The use of failure analysis techniques helps in the preparation of a standard operating procedure to prevent failure. Hence, failure analysis test equipment is increasingly important in industrial and research applications. This will drive the failure analysis test equipment market growth during the forecast period.
- Market Challenge: The large number of resellers and few vendors offering refurbished equipment is challenging the growth of the failure analysis test equipment market. Several distributors and retailers purchase used failure analysis test equipment and refurbish them to resell to prospective customers. Since equipment costs much less than new equipment. Hence, some end-users prefer to purchase refurbished equipment. Such factors will hamper the failure analysis test equipment market growth during the forecast period.
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The failure analysis test equipment market report is segmented by product (focused ion beam, dual beam system, and electron microscope) and geography (North America, APAC, Europe, the Middle East and Africa, and South America). North America will be the leading region with 37% of the market’s growth during the forecast period. The US is a key country in the failure analysis test equipment market in North America.
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The failure analysis test equipment market is concentrated. Vendors are deploying organic and inorganic growth strategies to compete in the market. The market is not very competitive, as most of the vendors cater to the needs of niche end-user segments and a few vendors offer products for most of the addressable markets. There are only a few vendors in the market owing to the extensive capital investments required and the long gestation period involved in the development of new products. These conditions act as potential barriers and keep the threat of new entrants low in the global failure analysis test equipment market. Thus, the probability of new vendors entering the market is low.
- A and D Co. Ltd.
- Advantest Corp.
- Carl Zeiss AG
- Hitachi Ltd.
- Intertek Group Plc
- IXRF Inc.
- JEOL Ltd.
- Tescan Orsay Holding AS
- Thermo Fisher Scientific Inc.
- TUV SUD AG
