Overview and Scope
Failure analysis refers to the systematic investigation and examination of components or processes to determine the root causes of failures or malfunctions. The primary purpose of failure analysis is to understand why failures occur and to implement corrective actions to prevent similar failures in the future, ultimately improving reliability, performance, and safety.
Sizing and Forecast
The failure analysis market size has grown strongly in recent years. It will grow from $4.44 billion in 2023 to $4.86 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to the increasing complexity of products, stringent regulatory requirements, growing awareness of quality control, and rising demand for reliability engineering.
The failure analysis market size is expected to see strong growth in the next few years. It will grow to $6.96 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to the expansion of emerging industries, the globalization of supply chains, and rising demand for predictive maintenance. Major trends in the forecast period include medical device failure analysis, industry-specific solutions, collaboration and knowledge sharing, and failure analysis in additive manufacturing.
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Segmentation & Regional Insights
The failure analysis market covered in this report is segmented –
1) By Equipment: Scanning Electron Microscope (SEM), Focused Ion Beam (FIB) System, Transmission Electron Microscope (TEM), Dual Beam System
2) By Technology: Secondary ION Mass Spectrometry (SIMS), Energy Dispersive X-ray Spectroscopy (EDX), Chemical Mechanical Planarization (CMP), Other Technologies
3) By End-User Vertical: Automotive, Oil And Gas, Defense, Construction, Manufacturing, Other End-User Verticals
North America was the largest region in the failure analysis market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the failure analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing adoption of automation is expected to propel the growth of the failure analysis market going forward. Automation uses technology and machinery to perform tasks or processes with minimal human intervention. Automation streamlines processes, reduces manual labor, and minimizes human error, increasing efficiency and productivity in various industries. Failure analysis helps identify the underlying reasons for system failures, malfunctions, or breakdowns in automated processes. For instance, in May 2022, according to a survey of 321 manufacturers conducted by Rockwell Automation, Inc., a US-based industrial automation company, the adoption of smart factory technologies witnessed a remarkable 50% year-over-year growth. Moreover, 74% of surveyed manufacturers are either utilizing or planning to integrate technologies into their manufacturing operations. Additionally, 83% of manufacturing professionals will upgrade their modernization processes into smart factories. Therefore, the increasing adoption of automation is driving the growth of the failure analysis market.
Key Industry Players
Major companies operating in the failure analysis market are Hitachi Ltd., Thermo Fisher Scientific Inc., Applied Materials Inc., KLA Corporation, Eurofins Scientific SE , Agilent Technologies, Ametek Inc., Keysight Technologies, Advantest Corporation, Shimadzu Corporation, Bruker Corporation, Carl Zeiss AG, Leica Microsystems GmbH, Renishaw plc, Veeco Instruments, A&D Company Ltd., Rigaku Corporation, Park Systems Corp., Oxford Instruments, Tescan Orsay Holding, JEOL Ltd.
The failure analysis market report table of contents includes:
1. Executive Summary
2. Failure Analysis Market Characteristics
3. Failure Analysis Market Trends And Strategies
4. Failure Analysis Market - Macro Economic Scenario
5. Global Failure Analysis Market Size and Growth
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32. Global Failure Analysis Market Competitive Benchmarking
33. Global Failure Analysis Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Failure Analysis Market
35. Failure Analysis Market Future Outlook and Potential Analysis
36. Appendix
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Market ScenarioFailure Analysis is defined as the process used for logical and systematic investigation of equipment or machine or its documentation to detect and analyze the causes, probabilities, and consequences of actual or potential failure.The testing segment comprises materials testing, Non-destructive Testing (NDT), and physical testing.
Non-destructive Testing (NDT) is defined as the process of inspecting, testing, or evaluating materials, components or assemblies to continue the manufacturing process further.
It is also used to monitor the aging of structures periodically, instead of traditional methods.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/6092The key factors driving the failure analysis market include the rising awareness among people regarding the quality of product or solutions.
Technological advancements in failure analysis equipment are encouraging enterprises to cut cost in the production by monitoring the nature of the products in advance even before the product is manufactured.The global failure analysis market is estimated to grow at CAGR of approximately 8% during the forecast period of 2017-2023.SegmentsThe global Failure Analysis Market is segmented into equipment, technology, testing, and application.
The equipment segment consists of Scanning Electron Microscope (SEM), Transmission Electron Microscopy (TEM), Focused Ion Beam (FIB), Dual Beam FIB.
The technology segment consists of SIMS, EDX, CMP, FIB, BIM, and RIE.
According to the latest report by IMARC Group “Failure Analysis Market Size : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global failure analysis market is expected to grow at a CAGR of around 8% during the forecast period.Failure analysis refers to the science and technique of investigating the cause of failure of a product or material to take corrective actions for fixing the problem and mitigating against future losses.
The failed product is examined with different methods such as failure modes and effects analysis (FMEA), Ishikawa “fishbone” diagrams, and fault-tree analysis (FTA).
It is undertaken across various branches of the manufacturing industry to prevent material defects and misuse that can lead to failure.We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
These observations will be integrated into the report.Failure Analysis Market Trends:The global failure analysis market is primarily driven by the increasing imposition of strict regional and international regulations to ensure safety at industrial workplaces.
As a result, it is also used across various industries such as electronics and semiconductors, automobiles, and aerospace.
Furthermore, technological advancements in the field of nanotechnology and regenerative medicine are also propelling the growth of the market.Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/failure-analysis-market/requestsampleGlobal Failure Analysis Market Coverage and Segmentation 2021-2026:Competitive Landscape:The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.Some of these key players include:A Company Ltd.Bruker CorporationCarl Zeiss AG (Carl-Zeiss-Stiftung)Hitachi High-Technologies Corporation (Hitachi Ltd.)Horiba Ltd.Intertek Group PLCJEOL Ltd.Motion X CorporationTescan Orsay Holding A.S.Thermo Fisher Scientific Inc.The report has segmented the market on the basis on region, equipment, technology and end use industry.Breakup by Equipment:Scanning Electron Microscope (SEM)Focused Ion Beam (FIB) SystemTransmission Electron Microscope (TEM)Dual Beam SystemOthersBreakup by Technology:Energy Dispersive X-Ray Spectroscopy (EDX)Secondary Ion Mass Spectrometry (SIMS)Focused Ion Beam (FIB)Broad Ion Milling (BIM)Relative Ion Etching (RIE)Scanning Probe Microscopy (SPM)OthersBreakup by End Use Industry:AutomotiveOil and GasDefenseConstructionManufacturingOthersBreakup by Region:North America: (United States, Canada)Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)Latin America: (Brazil, Mexico, Others)Middle East and AfricaAsk Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/failure-analysis-marketIf you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc.
According to the new market research report "Failure Analysis Market by Equipment (Optical Microscope, SEM, TEM, FIB, Scanning Probe Microscope, Dual Beam), Technology (SIMS, EDX, CMP, FIB, BIM, RIE), Application, & Geography - Forecast to 2025", published by MarketsandMarkets™, the Failure Analysis Market is estimated to be valued at USD 3.9 billion in 2020 and is projected to reach USD 5.9 billion by 2025; it is expected to grow at a CAGR of 8.3% from 2020 to 2025.A few key factors driving the growth of this market include imposition of safety rules & regulations by governments and international bodies, rise in demand for failure analysis from the electronics & semiconductor industry, technological advancements in microscopes, and rising focus on nanotechnology and regenerative medicine.Request for PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149011970Optical microscope expected to hold the largest share of failure analysis market during the forecast periodOptical microscope expected to hold the largest share of failure analysis market during the forecast period.
This growth can be attributed to the increasing applications of digital and confocal microscopes in materials science and semiconductor & life science industries, and the increased focus on developing advanced digital microscopes.
Optical microscopes are widely used in electronics and semiconductor applications for the investigation of damaged components in an electronic circuit.Failure analysis market for material science application expected to grow at the highest CAGR during the forecast periodThe failure analysis market for material science application is expected to grow at the highest CAGR during the forecast period.
This is due to the high adoption of failure analysis equipment for material science applications.
Microscopes are used for the structural and chemical analysis of materials, including polymers, metals, alloys, ceramics, and biomaterials.
Optical microscopy and scanning electron microscope (SEM) are standard techniques in mineralogical and structural investigations of geological and archaeological samples.Browse in-depth TOC on "Failure Analysis Market"100 – Tables37 – Figures164 – PagesRequest more details on:https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=149011970North America is expected to account for largest share of failure analysis market during the forecast periodNorth America is expected to account for largest share of failure analysis market during the forecast period.
