According to the latest report by IMARC Group “Failure Analysis Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027″, the global failure analysis industry is expected to grow at a CAGR of around 8% during the forecast period.

Failure analysis examines the physical, chemical, and machinal causes for a particular failure of a piece of equipment by performing a systematic and logical investigation. Some of the common failure analysis techniques include Secondary Ion Mass Spectrometry (SIMS), Energy Dispersive X-Ray Spectroscopy (EDX), Focused Ion Beam (FIB), Broad Ion Milling (BIM), etc. These techniques help in concluding the root cause of the failure, securing future products and processes, and preventing financial losses and penalties. As a result, failure analysis is widely used across various industries, such as automotive, oil and gas, defense, construction, manufacturing, etc.

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.

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Failure Analysis Market Trends:

The rising adoption of failure analysis in optical and scanning electron microscopes for mineralogical and structural analysis of various materials is augmenting the market growth. Additionally, the growing popularity of focused ion beam systems to study biological samples and biomaterials is further propelling the demand for failure analysis techniques. Several automobile manufacturers also employ vision- and artificial intelligence (AI)-based failure analysis tools for accident reconstruction and to analyze performance and vehicle dynamics. In the coming years, the emergence of nanotechnology across diverse industry verticals, along with the introduction of stringent government regulations to ensure workplace safety, is further anticipated to drive the global market for failure analysis.

Global Failure Analysis Market Coverage and Segmentation 2022-2027:

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&D Company Ltd. Bruker Corporation Carl Zeiss AG (Carl-Zeiss-Stiftung) Hitachi High-Technologies Corporation (Hitachi Ltd.) Horiba Ltd. Intertek Group PLC JEOL Ltd. Motion X Corporation Tescan 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) System Transmission Electron Microscope (TEM) Dual Beam System Others

Breakup 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) Others

Breakup by End-Use Industry:

Automotive Oil and Gas Defense Construction Manufacturing Others

Breakup 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 Africa

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Key highlights of the report:

Market Performance (2016-2021) Market Outlook (2022- 2027) Porter’s Five Forces Analysis Market Drivers and Success Factors SWOT Analysis Value Chain Comprehensive Mapping of the Competitive Landscape If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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