Failure Analysis Market Size, Share & Growth Report 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Failure Analysis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global failure analysis market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the failure analysis market?

The global failure analysis market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.1 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.

What is failure analysis?

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.

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What are the growth prospects and trends in the failure analysis industry?

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.

What is included in market segmentation?

The report has segmented the market into the following categories:

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 (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• 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.

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