Failure Analysis Market

Failure analysis is the process in which the correction in the product is done and the root cause for the failure is identified. This process identifies and addresses the failures in structures, components, and assemblies. The experts in the particular fields, who can identify the problem and who can make necessary changes in the product carry out this failure analysis process. It is a multi-level process and also include the physical investigation of the product. Thus, they find their applications in end uses such as industrial science, bioscience, electronics & semiconductors, material science, and others. Innovations in the electronic systems industry make way for better and improved failure analysis. The global failure analysis market size is experiencing a significant growth, and is  The global Failure Analysis Market is segmented on the basis of Technology, Equipment, End User, and Region. Based on Technology, the Failure Analysis Market is divided into Chemical Mechanical planarization (CMP), Secondary ION Mass Spectrometry (SIMS), Energy dispersive X-ray Spectroscopy (EDX), and others. On the basis of Equipment, the market is categorized into Scanning Probe microscope, TEM, SEM, FIB, Dual Beam, Optical Microscope and others. On the basis of End Users into Industrial Science, Bioscience, Automotive, Electronics & semiconductors, Oil and Gas, Material Science, Agriculture, and Others Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global Failure Analysis industry include Carl Zeiss, Bruker, A&D Company Ltd, HORIBA Ltd., Hitachi High Technologies Corporation, Semilab, Veeco Instruments, JOEL Ltd., Oxford Instruments, Leica Microsystems GmbH, Eurofins Scientific, and Others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market. 

COVID-19 Scenario Analysis: 

• The global failure analysis market has been significantly impacted by the COVID-19 outbreak. New projects which involve failure analysis throughout the world have stalled which in turn have significant demand for the failure analysis market.
• The global factories have struggled to manufacture products involving failure analysis and also developing or improving the current failure analysis processes as workers have stayed in their homes, which have threatened the global supply chain as well.
• The global supply chain has disrupted throughout the world. This disruption is temporary and this market will be less impacted compared to many other markets because even in this COVID-19 situation failure analysis is being used in bioscience, material science and others. Once the situation improves as there are developing end users like Industrial science, the demand for failure analysis will increase.
• So, during the meantime, this would be an opportunity for the companies to research and improve their product, develop ways to increase production and others.

Top impacting factors: Failure Analysis Market Trends, Scenario Analysis, Drivers and Impact Analysis

The major drivers which lead to the failure analysis market growth are increase in demand for failure analysis from the electronics and semiconductor industry, rising focus on nanotechnology and regenerative medicine and technological advancements in microscopes. But, complexity in its implementation and high cost may hinder the market growth. Moreover, the necessary safety rules and regulations by the government and increasing awareness among people regarding the quality of the product is expected to fuel the market growth further.

New product launches to flourish the market

CG7300, a new advanced CD Measurement SEM was developed by Hitachi High technologies in the year 2019. This CG7300, provides improved throughput performance and enhanced high precision measurement. Thermo Scientific Phenom ParticleX was launched by Thermo Fisher Scientific in the year 2019. It is an intuitive and versatile desktop Scanning Electron Microscope (SEM). It is designed to provide additive manufacturing companies and automotive suppliers faster quality control analysis of materials used in production and development. As these products enhanced the performance of processes and products, they flourished the market.

Surge in usage in automobile industry

As the demand for high quality and inexpensive components increases in the automotive industry, it faces new challenges. In order to endure a variety of service environments, extreme diligence needs to be maintained to ensure that the components are manufactured and designed with required quality. The failure of automobile component may lead to severe accidents and therefore it is important to identify the component which fails more frequently. Failure analysis is also done to identify which component in the automobile caused the accident. Thus, there is surge in the usage of failure analysis in the automobile industry.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global failure analysis industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global failure analysis market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global failure analysis market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global failure analysis market analysis based on competitive intensity and how the competition will take shape in coming years. 

Market scope and structure analysis:

Questions answered in the Failure Analysis Market research report:

• What are the leading market players active in the failure analysis market?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the failure analysis market?
• What are the projections for the future that would help in taking further strategic steps?

 Failure Analysis Market Report Highlights