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The transmission electron microscope market size is estimated to grow at a CAGR of 10.32% between 2022 and 2027. The market size is forecast to increase by USD 458.93 million. The growth of the market depends on several factors, including increasing focus on nanotechnology, rising demand for failure root cause analysis, and growing demand for high-resolution transmission electron microscope (HRTEM). A transmission electron microscope is a type of microscope that utilizes electrons instead of light for viewing specimens. The use of electrons allows for higher magnification and resolution of images of the specimen. It uses an electron beam transmitted through the ultra-thin specimen. The electron beam interacts with the specimen as it passes through it. An image is formed through the interaction of the electrons transmitted through the specimen.
This transmission electron microscope market report extensively covers market segmentation by application (life science, material science, nanotechnology, semiconductor, and others), end-user (industries, academic institutes, and government research institutes and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Growing demand for high-resolution transmission electron microscope (HRTEM) is the key factor driving the growth of the market. Transmission electron microscopes have a fundamental advantage over other types of microscopes such as optical microscopes due to their ability to view objects at the Angstrom scale. An object under a light microscope can provide images down to the wavelength of light. Therefore, for a sample smaller than the wavelength of light, even light cannot understand the resolution. With transmission electron microscopy, the end user can image specimens at the atomic level.
Moreover, HRTEM is a type of transmission electron microscope used to obtain the highest possible resolution images and this product has evolved over the years. The most important advantage of HRTEM is its ability to provide real spatial images of the local structure of thin samples at atomic resolution. This allows direct observation of the global structure of complex materials and provides direct visualization of local structural variations. Hence, the increasing demand for HRTEM is expected to drive the growth of the global transmission electron microscope market during the forecast period.
Increasing 3D analysis needs, from advanced materials to bio-samples is the primary trend driving the growth of the market. Understanding the relationship between the structure and function of an object through 3D structural analysis has become essential. Analytical techniques, such as neutron spectroscopy, electron microscopy, and X-ray diffraction, are deployed to provide structural information. For many decades in the physical and biological sciences, transmission electron microscopy has been widely used for structural analysis, in which 3D objects are projected into 2D images.
In many cases, 2D imaging is not sufficient to understand the relationship between the 3D structure and function of nanoscale objects. Using electron tomography (ET), 3D structural information was obtained from a series of inclined 2D views. Hence, the increasing demand for 3D analysis ranging from advanced materials to biological samples is expected to drive the growth of the global transmission electron microscope market during the forecast period.
Longer lead time and replacement cycle is the challenge that affects the growth of the market. The manufacturing process of the transmission electron microscope takes one to four months. Some highly customized orders for advanced high-resolution products take more than four months. This results in increased R&D and design time. While this has improved the overall quality of the product, it is also a major challenge. Many economic factors influence the main customers of transmission electron microscopes (such as semiconductor manufacturers operating under many uncertainties).
Moreover, the average lifespan of new transmission electron microscopes is five years in developed countries. In contrast, their average lifespan in emerging markets is ten years. This factor affects the supplier's sales to existing customers in these markets. Suppliers cannot overcome this challenge because the longevity of expensive equipment, such as transmission electron microscopes, is an important purchasing factor for most end users. Thus, this could be a challenge that impedes the growth of the global transmission electron microscope market during the forecast period.
The market share growth by the life science segment will be significant during the forecast period. Transmission electron microscopes are used to study life sciences at the microscopic level. Transmission electron microscopy is useful in cell and structural biology studies. It allows the complete structure of protein molecules to be developed to create an atomic model. Transmission electron microscopy even complements nuclear magnetic resonance (NMR) and X-ray crystallography of proteins.
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The life science segment showed a gradual increase in the market share of USD 152.18 million in 2017 and continued to grow by 2021. Academics and pharmaceutical companies invest in research to develop drugs and pharmaceuticals. Researchers use transmission electron microscopes which are able to observe frozen samples and view structures at the atomic level. This method can produce 3D images of biological molecules such as deoxyribonucleic acid (DNA), proteins, and viruses. These advances will help to develop new vaccines and treatments to defeat the virus. Thus, such factors will drive the growth of the segment during the forecast period.
In the industries segment, root cause analysis is gaining popularity as it helps to eliminate any defect in the product. Transmission electron microscopes are used in the life sciences for rapid image acquisition, random sampling, and highly accurate measurements. Furthermore, the goals of the industrial end-user segment primarily revolve around finding solutions that can be applied to generate direct or indirect business revenue streams. As a result, the demand for transmission electron microscopes will increase and is expected to witness a moderate during the forecast period.
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APAC is estimated to contribute 59% 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 the largest producer and consumer of electronic equipment. The region also has the highest number of semiconductor companies owing to the presence of several consumer electronics manufacturers such as SAMSUNG, Sony, LG Electronics, and TOSHIBA. This has led to the growth of the semiconductor industry, triggering the demand for semiconductor processing and testing equipment, such as transmission electron microscopes in APAC.
Furthermore, India, China, and Indonesia are among the top countries in the world with the highest number of tuberculosis cases in 2020. Countries such as China, India, and Japan are becoming market hubs for generic drugs and the manufacture of active pharmaceutical ingredients (APIs). These countries are contributing to the substantial demand for transmission electron microscopes in APAC which is driving the overall growth of the transmission electron microscopes market in APAC during the forecast period.
In 2020, the COVID-19 outbreak raised the end users' demand for pharmaceuticals, hospitals, and research centers which are using transmission electron microscopes.; But manufacturing industries including those related to the electronic instrument and instrument segment have closed their facilities, which has negatively impacted the growth of the transmission electron microscope market in the region. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown restrictions, which led to the demand for transmission electron microscopes. Furthermore, the Indian government has invested heavily in the R&D of transmission electron microscopes for the diagnosis of various diseases. Hence, these factors are expected to drive the growth of the regional transmission electron microscope market during the forecast period.
The Transmission Electron Microscope Market industry 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 Transmission Electron Microscope 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 transmission electron microscope market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Transmission Electron Microscope Market Scope |
|
Report Coverage |
Details |
Page number |
179 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.32% |
Market growth 2023-2027 |
USD 458.93 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.3 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 59% |
Key countries |
US, Canada, China, Japan, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advantest Corp., Agilent Technologies Inc., AMETEK Inc., Angstrom Advanced Inc., Bruker Corp., Carl Zeiss Stiftung, Danaher Corp., DELONG INSTRUMENTS AS, Hirox Co. Ltd., Hitachi Ltd., IXRF Inc., JEOL Ltd, NanoScience Instruments Inc., Nikon Corp., Nion, Olympus Corp., Oxford Instruments plc, Roper Technologies Inc., Thermo Fisher Scientific Inc., and VIDEOTON HOLDING Ltd |
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. |
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