Overview:

The global failure analysis equipment market was valued at US$ 6,218.02 Mn in 2020, expanding at a CAGR of 8.3% during the forecast period from 2021 to 2029. Failure analysis is the process used for systematic and logical investigation of a machine or equipment to analyze and detect the causes and consequences of potential or actual failure. The basic form of a failure is a component or system that is operating, but does not carry out its intended function. When a device or product fails, the root cause of it should be known. With failure analysis equipment, businesses can get to the cause of any product failure as it offers information needed to correct and address the issue causing the failure.

Failure analysis equipment is used to eradicate the upcoming or existing problems of a product. This equipment is used to examine the problems and vouch for a helpful action or improvement in order to avoid failures which can occur in the future. This in turn, reduces the maintenance costs and improves efficiency through timely analysis. Increasing applications and demand of failure analysis equipment for quality inspection are some of the major factors driving the growth prospects of failure analysis equipment market worldwide. This equipment is widely used in industrial science, material science, bioscience and electronics to identify possible failures in complex processes, thereby providing a basis for continuous improvement.

Growing awareness amongst people regarding the quality of product and solutions that are being offered to them is enabling organizations for implementing failure analysis equipment into their manufacturing facilities. Moreover, industrial and technological advancements are further allowing organizations to cut down cost in production by monitoring the nature of products that are to be produced well in advance before the final product is manufactured. These factors are altogether enabling the adoption of failure analysis equipment for several end-use applications, thereby encouraging growth of the failure analysis equipment market across the globe.

"Focused Ion Beam (FIB) System dominated the Market in 2020"

In 2020, based on equipment type, focused ion beam systems accounted for the largest market share in the global failure analysis equipment market. Focused ion beam systems are increasingly used for failure analysis in extensive fields, ranging from semiconductors devices to ceramics and metallurgy. They are used in the field of material science, both as a microscope and as a specimen preparation tool. Focused ion beam systems are nearly identical to scanning electron microscope (SEM), but uses a beam of ions rather than electrons. It can directly modify or mill the specimen surface, and this milling can be controlled with nanometer precision. Owing to its extensive utilization, the segment expected to grow at a significant rate in the years to come.

"Secondary Ion Mass Spectroscopy (SIMS) Technology Garnered Largest Market Share in 2020"

Based on technology, secondary ion mass spectroscopy (SIMS) technology led the failure analysis equipment market in 2020. Secondary ion mass spectroscopy (SIMS) technology is used in surface and material science for analyzing the composition of thin films and solid surfaces by spluttering the surface of the sample with an intensive primary ion beam and then analyzing and collecting the ejected secondary ions. Secondary ion mass spectroscopy is one of the most subtle surface analysis method, with essential detection limits ranging from parts per million to parts per billion. The ability of identifying all elements present in very low concentration levels is driving the growth of this segment.

"Asia Pacific to Continue its Supremacy throughout the forecast period from 2021 to 2029"

In 2020, Asia Pacific held the largest market share in the failure analysis equipment market and likely to continue with its supremacy during the forecast period from 2021 to 2029. The large presence of semiconductor companies in countries including China, Japan, India, etc. have encouraged the growth of failure analysis equipment market in the region. The semiconductor market continually evolves at a fast pace, with a strong growth in foundry, internet of things (IoT), memory and display markets. This growth has increased the need for high quality failure analysis equipment, thereby driving the market growth in the region.

Competitive Insights

Major players in the failure analysis equipment market include A&D Company, Limited, Thermo Fisher Scientific (FEI Company), Hitachi High-Technologies Corporation, Intertek Group plc, JEOL USA, Inc., Motion X Corporation, TESCAN ORSAY HOLDING, a.s., ZEISS International, Asahi Kasei Microdevices Corporation and TESTiLABS among others.

The prominent players in the failure analysis equipment market are focused on adopting strategies like partnerships, acquisitions and new product development to stay ahead and obtain an upper hand in the market. The players are mainly focusing on implementing these strategies to cater the needs of their customers and also for gaining competitive edge over others.  

For instance, in July 2021, Hitachi High-Technologies Corporation launched SU7000, a Schottky field emission scanning electron microscope (FE-SEM) which incorporates enhanced versatility, high throughput and large specimen. The newly launched SU7000 provides improved signal separation electrons and back-scattered electrons through innovative technologies. In a stride with expanding growth in semiconductors, nanotechnology, electronics, material science and biology, there has been a prompt need for high-throughput scanning electron microscopes that are able to reduce observation times and obtain large amount of information.

Historical & Forecast Period

This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Failure Analysis Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Failure Analysis Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Failure Analysis Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Failure Analysis Equipment market?
• Which is the largest regional market for Failure Analysis Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Failure Analysis Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Failure Analysis Equipment market worldwide?