According to the business intelligence report titled ‘Global Failure Analysis Market Size study, By Equipment (Scanning Electron Microscope (SEM), Focused Ion Beam (FIB) System, Transmission Electron Microscope (TEM), Dual Beam System), By Technology (Secondary ION Mass Spectrometry (SIMS), Energy Dispersive X-Ray Spectroscopy (EDX), Chemical Mechanical Planarization (CMP), Other Technologies), By Application (Electronics & Semiconductor, Industrial Science, Material Science, Bioscience), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global failure analysis market size is stipulated to showcase healthy growth through 2028.  

Upgradations in microscopes, alongside rise in the demand for failure analysis technique across electronics & electricals sector are the major factors driving global failure analysis market growth.

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In addition, growing integration of microscopy with spectroscopy, emphasis on nanotechnology as well as regenerative medicine, and flourishing semiconductor vertical will provide several opportunities for market expansion in the ensuing years.

For the uninitiated, failure analysis is a method employed across verticals to identify the cause of failure and consequently determine the course of action to circumvent the impact.

Despite the positive outlook, dearth of skilled professionals, in consort with high ownership and maintenance costs are the key challenges that stakeholders will have to overcome over the forecast duration.

Considering the application spectrum, worldwide failure analysis industry is classified into bioscience, material science, industrial science, and electronics & semiconductor. Speaking of technology, the market is categorized into chemical mechanical planarization, energy dispersive x-ray spectroscopy, secondary ION mass spectroscopy, and others. While different equipment are dual beam system, transmission electron microscope, focused ion beam system, and scanning electron microscope.

From a regional frame of reference, North America, Asia Pacific, Latin America, and Europe are analyzed in the document to facilitate a clear understanding of prospects and trends in the market in the coming years.

North America boasts of accounting for a major market share at present, owing to notable advancements in microscopy systems as well as growing popularity of nanotechnology in the region.

Meanwhile, Asia Pacific is bound to generative lucrative opportunities for market expansion through 2028, on the back of factors such as favorable government policies, and amplifying semiconductor & electronics industry in the region.

Shedding light on the competitive framework, key players influencing global failure analysis market trends include Eurofins Scientific SE, Carl Zeiss AG, Horiba Ltd., Tescan Orsay Holding A.S., JEOL Ltd., A&D Company Ltd., Hitachi High-Technologies Corporation, Leica Microsystems GmbH, Thermo Fisher Scientific Inc., and Oxford Instruments plc.