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The electron microscope market size is estimated to grow by USD 1.68 billion between 2022 and 2027. The market size is set to increase at a CAGR of 8.41%. The growth of the market depends on several factors, including the rising need for root-cause failure analysis, growth in the adoption of nanotechnology across sectors, and rise in demand for DBEMs.
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The rising need for root-cause failure analysis is notably driving the market growth, although factors such as growing demand for the high production cost and heavy excise duties may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising need for root-cause failure analysis is the key factor driving the growth of the market. The global semiconductor industry is technologically advanced and embedded systems have led to a rise in the degree of complexity in manufacturing integrated circuits and printed circuit boards (PCBs). Product failure in terms of strength and other features occurs at the micro level. As a result, chip and board manufacturers and designers are developing high-density products that support high-end applications. scanning provides high-resolution imaging and in-depth reality of the product structure that facilitates high-quality products.
Moreover, because of limitations in magnification due to the wavelength of light for the optical microscope, they cannot compete with the level of resolution, quality, and accuracy provided by scanning when it comes to densely packaged ICs and PCBs. Root-cause failure analysis is used in industries such as manufacturing and automotive and in the 3D construction of biological structures such as proteins and viruses. Such applications are likely to continue to be in demand, thereby scanning microscopes having the growth in future. Such factors are expected to drive the growth of the global market during the forecast period.
Increased demand for Low-voltage electron microscopes is the primary trend in the market. LVEMs use decelerating electron beams and operate at a much lower voltage (less than 25kV) as compared to 100kV by high-voltage electron microscopes (HVEMs). In addition, the advantage of LVEMs is can be used as desktop or tabletop microscopes and can be installed in any lab that needs the products. Moreover, They occupy less space, cost less, and have certain advantages over HVEMs, such as high contrast and minimal damage to specimens. however, a HVEM for specimens like polymers, composite materials, pigments, minerals, cells, and membranes increases the accumulation of electrons in the sample and damages the specimen due to high radiation.
Furthermore, LVEMs are not considered to be an alternative to HVEMs, certain features make them a necessity in labs. Technavio expects these microscope markets to experience high demand for LVEMs in life sciences, material science, pathology, and nanomaterials applications. For intense, Delong America is the leading vendor in this segment, with products such as LVEM5 and LVEM25 being widely adopted. LVEMs are priced low compared with conventional microscopes and are not on par with them in terms of magnification capabilities. Such factors are expected to drive the growth of the global market during the forecast period.
High product costs and heavy excise duties are the major challenges in the market. The initial cost of products is high. The sale of these microscopes to research institutes highly depends upon government funding and corporate funding Hence, in the market either growth or a decline occurs, depending on funding to these research institutions. However, in many cases, this funding takes time, and there is no guarantee that the funds allocated will increase or decrease in the upcoming year. This creates uncertainty for the sale of such microscopes.
Also, to earn revenue many governments collect high import duties and other taxes, such as customs duties on these microscopes. As a result, the price of the final product is increased. Initially, in many countries, the same government that grants funds for R&D in universities and research facilities levies taxes when the final product is ready. Mostly, the taxes on such microscopes are in the form of direct or indirect taxes. However, some countries, such as the US, China, Canada, India, and Brazil, have indirect taxes at the national level and at the state level. The tax rate is 11% in the US, 13%-15% in China, and 17% in Brazil. Thus, a rise in taxes and excise duties increases the overall cost of the products, which will hinder the growth of the global market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Keysight Technologies Inc.: The company offers electron microscopes such as U9320B 8500B field emission scanning electron microscope.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market players, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize players as dominant, leading, strong, tentative, and weak.
The market share growth by the semiconductors segment will be significant during the forecast period. The semiconductor industry has been the largest end-user ever since their commercial use. Semiconductors form the core of electronic goods; the photo masking process and the rapid production of wafers, transistors, diodes, and integrated circuits, the level of errors and defects are on the rise. However, the growth shows because of development and technological advances in the field of semiconductors.
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The semiconductors segment shows a gradual increase in the market share of USD 837.75 million in 2017 and continue to grow by 2021. The semiconductor manufacturers use SEMs to study the complex, miniaturized electronic structures and morphology of semiconductors like chips, carbon nanotubes (CNTs), and microelectromechanical systems (MEMS). Some of the end-users also use a dual-beam electron microscope (DBEM) as it is more advanced than SEM and uses ion beams to correct semiconductors with high precision and accuracy. However, the adoption is less considering the high cost of procurement compared with SEM. Such factors are expected to drive the growth of the semiconductors segment of the global market during the forecast period.
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APAC is estimated to contribute 55% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is having the highest number of semiconductor manufacturing firms due to consumer electronics manufacturers such as Samsung, Sony, LG Electronics, and Toshiba. Furthermore, some semiconductor companies and consumer electronics manufacturers outside APAC have established their manufacturing units in the region. As a result, it led to the development of semiconductor industries, which triggered the demand for semiconductor processing and inspection equipment in APAC.
Moreover, the rising investments in infrastructure development by governments in countries such as China, India, and the Philippines and the modernization of local businesses by small- and medium-sized enterprises. For instance, streetlights equipped with photo-detecting sensors that sense variations in light have been installed in Bengaluru, India. These streetlights automatically regulate the light intensity, depending on the density of pedestrians. Such factors are expected to drive the growth of the regional market during the forecast period.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends and growth opportunities from 2017 to 2027.
The Market caters to various industries like nanotech research, electronics, and pharmaceuticals, offering high-resolution imaging capabilities. Scanning Electron Microscopes (SEMs) are crucial tools in fields such as materials engineering, neuroscience, and disease research. With applications in semiconductor devices, healthcare, and quality control, they aid in diagnosis, circuit editing, and protein structure analysis. Major players like Hitachi High-Tech Corporation drive innovation, while technological advancements enable product miniaturization and three-dimensional imaging. R&D institutes, academic institutions, and industrial companies heavily invest in electron microscopy for scientific research and manufacturing processes.
Electron Microscope Market Scope |
|
Report Coverage |
Details |
Page number |
192 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.41% |
Market growth 2023-2027 |
USD 1,689.35 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.95 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 55% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advantest Corp., Agilent Technologies Inc., Bruker Corp., Carl Zeiss AG, COXEM Co. Ltd., Danaher Corp., DELONG INSTRUMENTS AS, Hirox Co. Ltd., HOVERLABS, JEOL Ltd., Keysight Technologies Inc., Nikon Corp., Nion, Novartis AG, Olympus Corp., Seiko Holdings Corp., Tescan Orsay Holding AS, Thermo Fisher Scientific Inc., Topcon Corp., and UNISOKU Co. Ltd. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market analysis and report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Market Segmentation by End-user
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Vendor Landscape
13 Vendor Analysis
14 Appendix
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