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The failure analysis test equipment market size is projected to increase by USD 2.31 billion, at a CAGR of 7.59% between 2023 and 2028. The growth rate of the market depends on several factors, including the increasing importance of failure analysis in industries and research institutions, the availability of several service providers (laboratories) for failure analysis, and the growth of end-user industries. Failure analysis test is a technical method used to look into the underlying causes of equipment or product failure, as well as unforeseen mistakes made during design, manufacture, or any other invisible issue in an ongoing process. Failure analysis test equipment are tools used during the failure analysis procedures.
The report includes a comprehensive outlook on the Failure Analysis Test Equipment Market, offering forecasts for the industry segmented by Application, which comprises electronics and semiconductors, industrial science, material science, and bioscience. Additionally, it categorizes Product into focused ion beam, dual beam system, and electron microscope, and covers Regions, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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The increasing importance of failure analysis in industries and research institutions is the key factor driving market growth. Failure analysis testing is increasingly becoming a vital tool for selecting any materials such as semiconductors, rubbers, and polymers in a range of industries, including aerospace and defense, automobile, and electronics. In a failure analysis test, a failed product is subjected to microscopic examination to ascertain the cause of failure to prevent a defect in the design, manufacturing, or raw material. Moreover, the use of failure analysis techniques also allows the preparation of a standard operating procedure for operating any equipment to prevent its failure before it reaches the end of its lifecycle.
Furthermore, an electron microscope, which is a type of failure analysis test equipment, can be used to produce a very high-resolution image of a sample. Besides, a conventional optical microscope produces a low-resolution image, which limits the extent to which it can be used for performing failure analysis testing. This is leading to an increase in the demand for electron microscopes, FIB, and dual beam systems for failure analysis tests. Thus, such factors will drive the market during the forecast period.
Growing demand for tabletop electron microscopes from research institutions is the primary trend shaping market growth. A conventional electron microscope is too big and expensive thus, most non-commercial end-users prefer light (optical) microscopes, which are less costly than electron microscopes. Moreover, using a light microscope is extremely simple and does not require as much expertise as an electron microscope. Therefore, to address these concerns, failure analysis test equipment market players have launched tabletop electron microscopes.
Moreover, the cost of a tabletop microscope is less than a conventional electron microscope. This is expected to increase the demand for this equipment, especially in developing countries, where government spending on education and research institutions is increasing. Hence, such factors are expected to drive the demand for tabletop electron microscopes and their use in failure analysis testing during the forecast period.
A large number of resellers and few players offering refurbished equipment is a challenge that affects market growth. Several distributors and retailers purchase used failure analysis test equipment and refurbish them to re-sell to prospective customers. Since such refurbished equipment costs only a fraction of new equipment, some end-users that do not require technologically advanced equipment prefer to purchase refurbished equipment instead of purchasing brand-new equipment.
For instance, ZEISS International, one of the leading players in failure analysis test equipment, offers certified pre-owned equipment. The company also offers aftermarket services and provides a performance guarantee for the equipment to its customers. Thus, the widespread availability of refurbished equipment will impede the growth of the market during the forecast period.
The market share growth by the electronics and semiconductors segment will be significant during the forecast period. With the increasing digitization, there is a huge development in the electronics and semiconductors industry as there is a shift in the trend toward electronic equipment in the global market. In this industry, failure analysis test equipment is used in electrical and mechanical engineering, nano-precision and submicron technology, and photonics production.
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The electronics and semiconductors segment showed a gradual increase in the market share of USD 2.30 billion in 2018. Accurate and stable testing and measurement is a critical aspect in all stages of semiconductor manufacturing to ensure the accuracy and stability of the end product. With several design and fabrication companies involved in semiconductor manufacturing, per-part-related recurring costs have become a very important issue. These costs largely depend on the time taken for testing and verification. Therefore, the electronics and semiconductors industry aims to bring these costs down by reducing the cost of testing semiconductors, either at the design or the manufacturing stage. Thus, such factors will drive the growth of the electronics and semiconductors segment of the market during the forecast period.
Focused ion beam (FIB) systems are extensively used for failure analysis in semiconductors and material science applications. FIB systems are used as a failure analysis tool in the semiconductor industry. Furthermore, investments in the electronics industry are also growing in the wake of the rising demand for consumer electronics. Market players are also launching high-precision FIB equipment that can perform failure analyses in a short time. Thus, the demand for focused beam systems is expected to increase which will drive the market in focus during the forecast period.
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North America is estimated to contribute 38% 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. North America leads the world in terms of R&D investments made by business corporations, governments, and research institutes. Since failure analysis is a key activity in scientific research projects, there is a high demand for failure analysis test equipment in North America.
In addition, semiconductor manufacturers are expected to set up their manufacturing units in Mexico due to the low labor costs and government support. This will generate the requirement in the region during the forecast period. Furthermore, failure analysis test equipment can also be used to check critical components such as pipes and valves in a petrochemical plant for defects and wear to maximize the life expectancy of these components. The petrochemical industry in the US is growing rapidly. Hence, such factors are expected to drive market growth in this region during the forecast period.
The Failure Analysis Test Equipment 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 Failure Analysis Test Equipment 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.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The failure analysis test equipment market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028
Failure Analysis Test Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.59% |
Market Growth 2024-2028 |
USD 2.31 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.43 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 38% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Asahi Kasei Microdevices Corp., Bruker Corp., Carl Zeiss Stiftung, Danaher Corp., Eurofins Scientific SE, Exponent Inc., Hitachi Ltd., HORIBA Ltd., Intertek Group Plc, IXRF Inc., JFE Techno Research Corp., Oxford Instruments plc, Richter Precision Inc., TESTiLABS Oy, Thermo Fisher Scientific Inc., Motion X Corp., TESCAN GROUP, and VIDEOTON HOLDING ZRt |
Market dynamics |
Parent market analysis, 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 report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
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 Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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