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The scanning electrochemical microscopy (SECM) market size is estimated to grow at a CAGR of 6.8% between 2022 and 2027. The size of the market is forecast to increase by USD 42.9 million. The growth of the market depends on several factors, including the miniaturization of electronic devices, the extensive use in research on corrosion, and the increased investments in R&D activities.
This market report extensively covers market segmentation by type (AFM-SECM, ECSTM-SECM, and others), application (semiconductors and nano-electrochemistry, life sciences, and corrosion and catalyst sciences), and geography (North America, Europe, APAC, 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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The miniaturization of electronic devices is notably driving the market growth, although factors such as the high cost of associated instrumentation 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 miniaturization of electronic devices is a key factor driving the growth of the global SECM market. Miniaturized electronic products are being developed using MEMS and nanoelectromechanical systems (NEMS). Such devices consume less power. These factors have led some companies to use miniaturization technology to produce paper batteries. The miniaturization of sensor structures to geometries suitable for SECM and the use of entirely new types of chips in multifunctional biological SECM devices are essential steps toward cellular examination.
Moreover, the development of miniature analytical systems for DNA analysis, immunoassays, and enzymatic sensors makes the application of SECM attractive for the optimization and evaluation of detection strategies and further characterization of sensor platforms. A number of miniature biosensors that can be used as SECM probes are currently being investigated. Although miniaturization has some limitations in terms of cost and commercialization, it is expected to increase demand for SECM during the forecast period.
The growing application in neuroscience is a primary trend in the global SECM market growth. Advances in technology have made amperometric a high-resolution electrochemical imaging tool for use in research and development in the field of neuroscience, particularly for localized amperometric detection of chemical secretions from single secretory cells. SECM was developed. SECM-based bioelectrical analysis has emerged as a powerful method for imaging chemical gradients in diffusion layers surrounding neurons and tissues.
Researchers have proposed using potentiometric SECM with ion-selective microelectrodes as scanning probes to determine the local activity of several ions, including potassium, protons, sodium, calcium, and chloride. All of these ions hold significant physiological importance, and the measurement of their local concentrations in the vicinity of individual living cells with scanned K+ -, Na+ -, H+ -, Cl-, or Ca2+-selective tips could be attractive. The growing applications of amperometric SECM in neuroscience are expected to have a positive impact on the growth of the global SECM market during the forecast period.
The high cost of associated equipment is a major challenge for the growth of the global SECM market. The high cost of SECM instrumentation and scan mode prevents the use of SECM technology. Many organizations do not have the budget to cover the large capital expenditures to purchase SECM equipment. Because such organizations rely on funding from external agencies, purchasing decisions are dependent on funding approvals, creating uncertainty about the use of SECM.
Additionally, the use of advanced SECM instrumentation in R&D reduces the error rate when conducting research activities. Ongoing innovations that add functionality to existing equipment are also driving up device prices. This poses a challenge for providers of life science tools and services as pharmaceutical and biotechnology companies begin to monitor their R&D spending. Life sciences companies cannot lower the price of their equipment to increase market penetration. This hurts profit margins and hinders future new product development. Therefore, all these factors are likely to hinder the demand and growth of life science tools and services and, consequently, the growth of the global SECM 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 Scanning Electrochemical Microscopy (SECM) Market Customer Landscape
Vendors 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.
Ametek - The company offers to scan electrochemical microscopy products such as VS SECM DC and AC Scanning Electrochemical Microscope.
The SECM market report also includes detailed analyses of the competitive landscape of the market and information about 11 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as dominant, leading, strong, tentative, and weak.
The scanning electrochemical microscopymarket share growth by the AFM-SECM segment will be significant during the forecast period.The combination of atomic force microscopy-scanning electrochemical microscopy (AFM-SECM) has emerged as a versatile tool for the simultaneous measurements of the topographical as well as electrochemical properties of various material surfaces with high spatial resolution. These measurements are vital for understanding the surface structure of activity relationships relevant to a broad range of applications in chemical processes, material science, and life sciences. Specifically, integrating a miniaturized amperometric biosensor with AFM-SECM probes has become a popular approach for obtaining laterally resolved information on biologically/biomedically relevant processes.
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The AFM-SECM segment was valued at USD 52.81 million in 2017 and continue to grow by 2021. AFM-SECM combines the conventional SECM and AFM techniques for achieving a one-step acquisition of nanoscale electrochemical images and unparalleled high-spatial-resolution surface topology. This type holds promising potential for unveiling fundamental interfacial activities or properties at the nanoscale. Hence, AFM-SECM extensively makes use of nanotechnology to provide comprehensive insights with miniaturized electrodes. These factors are expected to drive the growth of the global scanning electrochemical microscopy market during the forecast period.
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North America is estimated to contribute 37% 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. The US is the major revenue contributor to the SECM market in North America. The country has several large technology companies that use miniaturized semiconductors in various electronic products, as well as numerous research institutes. Research laboratories in the US are highly regulated by the government. Under the Clinical Laboratory Improvement Amendments (CLIA), the Centers for Medicare and Medicaid Services (CMS) regulates all laboratories that perform testing on humans, which are aimed at preventing, diagnosing, or treating diseases, while the US FDA categorizes each test according to its complexity. The country has a large network of research laboratories, hospitals, universities, and companies. These factors will facilitate market growth in this region during the forecast period
This SECM market research report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to an upsurge in the demand for North America. However, in 2021, economic activities resumed due to the gradual decline in the daily number of COVID-19 cases following the launch of COVID-19 vaccines and the large-scale vaccination drives carried out in the region. With operations in various industries resuming, including mining and mineral, forestry and agriculture, infrastructure and urban planning, oil and gas, and utility and energy, the demand for SECM rebounded. Additionally, with the resumption of business activities, vendors have been able to meet the increased demand for SECM. Thus, the resumption of operations in various end-user industries in compliance with social distancing norms in place is expected to stabilize the regional market growth during the forecast period. Such factors are expected to have a positive impact on the growth of the scanning electrochemical microscopy market during the forecast period.
The 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.
Scanning Electrochemical Microscopy (SECM) Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.8% |
Market growth 2023-2027 |
USD 42.9 million |
Market structure |
Concentrated |
YoY growth 2022-2023(%) |
6.6 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 37% |
Key countries |
US, China, UK, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
AMETEK Inc., BioLogic Sciences Instruments SA, Bruker Corp., CH Instruments Inc., Creative Proteomics, Harvard Bioscience Inc., Nanonics Imaging Ltd., Park Systems, S.T. Instruments BV, Scuba Probe Technologies, Sensolytics GmbH, and SnowHouse |
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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