The global failure analysis market size reached US$ 4.4 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 7.1 Billion by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2022-2028. Increasing demand for failure analysis services across various industries, rising awareness about the cost-saving potential of failure analysis, and the emergence of new failure analysis techniques and equipment represent some of the key factors driving the market.
Failure analysis is a critical process used to investigate and determine the root cause of failures in various systems, components, and materials. It is a multidisciplinary approach that involves the use of analytical techniques, testing, and evaluation to identify the cause of failure and provide recommendations for remediation. The components of failure analysis include documentation and analysis of the failure event, sample collection and testing, and the determination of the failure mode and root cause. Failure analysis helps to improve product design, enhance safety, and reduce downtime and maintenance costs. Currently, there are a wide variety of product variants, including mechanical failure analysis, electrical failure analysis, and material failure analysis. Mechanical failure analysis involves the investigation of failures in mechanical systems, while electrical failure analysis focuses on electrical and electronic systems. Material failure analysis, on the other hand, is used to investigate failures in materials such as metals, polymers, and composites.
2. What is the expected growth rate of the global failure analysis market during 2023-2028?
3. What are the key factors driving the global failure analysis market?
4. What has been the impact of COVID-19 on the global failure analysis market?
5. What is the breakup of the global failure analysis market based on the equipment?
6. What is the breakup of the global failure analysis market based on the technology?
7. What is the breakup of the global failure analysis market based on the end use?
8. What are the key regions in the global failure analysis market?
9. Who are the key players/companies in the global failure analysis market?
Failure analysis is a critical process used to investigate and determine the root cause of failures in various systems, components, and materials. It is a multidisciplinary approach that involves the use of analytical techniques, testing, and evaluation to identify the cause of failure and provide recommendations for remediation. The components of failure analysis include documentation and analysis of the failure event, sample collection and testing, and the determination of the failure mode and root cause. Failure analysis helps to improve product design, enhance safety, and reduce downtime and maintenance costs. Currently, there are a wide variety of product variants, including mechanical failure analysis, electrical failure analysis, and material failure analysis. Mechanical failure analysis involves the investigation of failures in mechanical systems, while electrical failure analysis focuses on electrical and electronic systems. Material failure analysis, on the other hand, is used to investigate failures in materials such as metals, polymers, and composites.
Failure Analysis Market Trends:
The increasing demand for failure analysis services across various industries, such as automotive, electronics, aerospace, and healthcare, represents one of the primary factors creating a positive outlook for the market. Additionally, governments of various nations are implementing stringent regulations and quality standards that mandate failure analysis to ensure product reliability, safety, and compliance, which is fueling the market growth. Moreover, the rising awareness about the cost-saving potential of failure analysis in terms of preventing future failures and minimizing downtime is propelling the market growth. Apart from this, the emergence of new failure analysis techniques and equipment, including advanced microscopy, spectroscopy, and imaging technologies, and the growing emphasis on preventive maintenance and quality control practices in industries are boosting the market growth. Other factors, such as the increasing adoption of failure analysis outsourcing, the rapid growth of the semiconductor industry, the need for failure analysis in forensic investigations, and the burgeoning investments in infrastructure development, are providing a considerable thrust to the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global failure analysis market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on equipment, technology and end use industry.Equipment Insights:
- Scanning Electron Microscope (SEM)
- Focused Ion Beam (FIB) System
- Transmission Electron Microscope (TEM)
- Dual Beam System
- Others
Technology Insights:
- 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
End Use Insights:
- Automotive
- Oil and Gas
- Defense
- Construction
- Manufacturing
- Others
Regional Insights:
- 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
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global tattoo removal market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered 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. and Thermo Fisher Scientific Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. How big is the global failure analysis market?2. What is the expected growth rate of the global failure analysis market during 2023-2028?
3. What are the key factors driving the global failure analysis market?
4. What has been the impact of COVID-19 on the global failure analysis market?
5. What is the breakup of the global failure analysis market based on the equipment?
6. What is the breakup of the global failure analysis market based on the technology?
7. What is the breakup of the global failure analysis market based on the end use?
8. What are the key regions in the global failure analysis market?
9. Who are the key players/companies in the global failure analysis market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Failure Analysis Market
6 Market Breakup by Equipment
7 Market Breakup by Technology
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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. and Thermo Fisher Scientific Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | November 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 4.4 Billion |
| Forecasted Market Value ( USD | $ 7.1 Billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
