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The focused ion beam market share is expected to increase to USD 430.2 million from 2021 to 2026, at a CAGR of 6.81%.
This focused ion beam market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers focused ion beam market segmentation by source (gallium liquid metal, gas field, and plasma) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
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The focused ion beam market report also offers information on several market vendors, including zeroK NanoTech, A and D Co. Ltd., Applied Beams LLC, AZoM.com Ltd., Carl Zeiss AG, Digital Surf SARL, EAG Laboratories, Fibics Inc., Fit4Nano, Hitachi High-Technologies Corp., Honeywell International Inc., HORIBA Ltd., JEOL Ltd., NANO-MASTER Inc., Nanosurf AG, Raith GmbH, Tescan Orsay Holding AS, Thermo Fisher Scientific Inc., Veeco Instruments Inc., and Waters Corp. among others.
Technavio categorizes the global focused ion beam market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the focused ion beam market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the focused ion beam market encompasses successful business strategies deployed by the key vendors. The focused ion beam market is fragmented and the vendors are deploying growth strategies such as investment in R&D to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The focused ion beam market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
The use of gold nanofabrication for drug delivery in cancer treatment is notably driving the focused ion beam market growth, although factors such as growing concerns about toxicity-related issues around gold nanofabrication for focused ion beam may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the focused ion beam industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Focused Ion Beam Market Driver
One of the key factors driving the global focused ion beam market growth is the use of gold nanofabrication for drug delivery in cancer treatment. Gold is used as a liquid metal ion source in the nanofabrication technique. Focused ion beams have a diameter of less than 1 m and are created by utilizing electrostatic lenses to concentrate the image of a point source, often a liquid metal ion source, onto the substrate and deflect it precisely. One of the most beneficial advantages of the process is that the drug attacks only cancer cells, thereby leaving the healthy cells in the human body unharmed. Traditional methods such as radiation and chemotherapy harm healthy cells in the body. Gold nanofabrication assists the delivery of a dose of radioactivity (cancer-killing) to cancer cells. Research conducted on different cancer treatment methods has led to the development of a new cancer treatment-photothermal therapy. Such factors are expected to support the market growth in the coming years.
Key Focused Ion Beam Market Trend
Miniaturization of electronic devices is one of the key focused ion beam market trends that is expected to impact the industry positively in the forecast period. Since the market is witnessing the introduction of miniaturized personal electronic products, semiconductor foundries are reducing the size of semiconductor wafers, integrating different features, and lowering the IC power consumption. In the semiconductor industry, companies have developed silicon wafers that are 13.5 nm and 6 nm in size. Some companies are using NEMS technology to create paper batteries, which are gaining popularity in various industries such as electronics, aerospace, automobile, and healthcare. With the increasingly complex nature of the semiconductor industry, material properties must be studied effectively, especially for failure analysis. This trend is expected further support the market growth in the coming years.
Key Focused Ion Beam Market Challenge
One of the key challenges to the global focused ion beam market growth is the growing concerns about toxicity-related issues around gold nanofabrication for focused ion beams. Factors such as the size, shape, surface coating, surface functionalization, and surface charge influence the connections with biological systems. Unfavorable outcomes include deoxyribonucleic acid (DNA) or organelle damage, programmed cell death (apoptosis), oxidative stress, protein regulation (up/down), and mutagenesis. The mechanism of gold nanoparticle toxicity in in-vivo nanoparticles could arise from various sources. For instance, injecting gold nanofabrication (into the blood) could lead to either hemolysis, in which blood cells release hemoglobin and break open, or blood clotting. The accumulation of gold nanofabrication in the spleen or liver could lead to splenic and hepatic toxicity. Such factors could highly impair the growth of the market in the forecast period.
This focused ion beam market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
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36% of the market's growth will originate from North America during the forecast period. The US is the key market for focused ion beams in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.
The significant increase in the demand for inspection equipment such as focused ion beams, owing to many governments, industrial, and academic activities happening in the areas of material sciences, nanotechnology, life sciences, and biotechnology, will facilitate the focused ion beam market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The focused ion beam market in North America witnessed certain challenges in 2020 due to the COVID-19 pandemic. The US is the most affected country by the pandemic in the region. Many automotive companies announced a partial shutdown of their operations in 2020 to prevent the spread of COVID-19. However, the demand for focused ion beams is expected to increase during the forecast period, as some of the end-users of semiconductors are extending their offerings to recover from the COVID-19 crisis. Such factors will increase the demand for semiconductors and thereby influence the growth of the market in focus in North America during the forecast period.
Our report provides extensive information on the value chain analysis for the focused ion beam market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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The focused ion beam market share growth by the gallium liquid metal segment will be significant during the forecast period. The use of Ga-LMIB can be a novel surface modification method for creating locally hydrophobic and photocatalytic surfaces will increase the demand for Ga+ liquid metal ions for surface modification, leading to market growth during the forecast years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the focused ion beam market size and actionable market insights on post COVID-19 impact on each segment.
Focused Ion Beam Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 6.81% |
Market growth 2022-2026 |
$ 430.2 million |
Market structure |
Fragmented |
YoY growth (%) |
8.97 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 36% |
Key consumer countries |
US, Japan, UK, Germany, and Switzerland |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
zeroK NanoTech, A and D Co. Ltd., Applied Beams LLC, AZoM.com Ltd., Carl Zeiss AG, Digital Surf SARL, EAG Laboratories, Fibics Inc., Fit4Nano, Hitachi High-Technologies Corp., Honeywell International Inc., HORIBA Ltd., JEOL Ltd., NANO-MASTER Inc., Nanosurf AG, Raith GmbH, Tescan Orsay Holding AS, Thermo Fisher Scientific Inc., Veeco Instruments Inc., and Waters Corp. |
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, Market condition analysis for 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 report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Source
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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