What Has Been the Progress and Growth of the Failure Analysis Market in Recent Years?
The failure analysis market has seen considerable growth due to a variety of factors.
• The failure analysis market has shown strong growth in recent years. It is expected to rise from $4.86 billion in 2024 to $5.32 billion in 2025, at a compound annual growth rate (CAGR) of 9.6%.
The growth can be attributed to the increasing complexity of products, stricter regulatory requirements, a growing focus on quality control, and rising demand for reliability engineering.
What Is The Expected Growth In The Failure Analysis Market Size Evolve over the Forecast Period?
The failure analysis market is expected to maintain its strong growth trajectory in upcoming years.
• The failure analysis market is expected to experience steady growth, reaching $7.61 billion by 2029 with a CAGR of 9.3%.
This growth is attributed to the expansion of emerging industries, globalization of supply chains, and the increasing demand for predictive maintenance. Trends in the forecast period include medical device failure analysis, industry-specific solutions, collaboration and knowledge-sharing, and failure analysis in additive manufacturing.
What Main Forces Are Fueling Expansion In The Failure Analysis Market?
The rise in automation adoption is expected to propel the growth of the failure analysis market. Automation improves efficiency and reduces human error in various industries. Failure analysis helps identify the root causes of system failures, ensuring that automated processes run smoothly. In May 2022, Rockwell Automation reported a 50% year-over-year growth in the adoption of smart factory technologies. Additionally, 74% of manufacturers were either using or planning to integrate these technologies. This trend in automation adoption is contributing to the growth of the failure analysis market.
What Are The Primary Segments In The Global Failure Analysis Market?
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
Subsegments:
1) By Scanning Electron Microscope (SEM): Conventional SEM, Field Emission SEM (FESEM), Environmental SEM (ESEM), Desktop SEM
2) By Focused Ion Beam (FIB) System: FIB-SEM Systems, FIB For Circuit Editing, FIB For Milling, FIB For Imaging And Analysis
3) By Transmission Electron Microscope (TEM): Conventional TEM, Scanning TEM (STEM), High-Resolution TEM (HR-TEM), Analytical TEM (ATEM)
4) By Dual Beam System: Dual Beam FIB-SEM Systems, Dual Beam For Milling and Imaging, Dual Beam For Micro-machining And Analysis
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What New Trends Are Influencing The Failure Analysis Market?
Companies in the failure analysis market are integrating AI and machine learning (ML) technologies into their solutions, such as AI-powered test failure analysis, to improve accuracy and speed in diagnosing errors. AI-powered test failure analysis tools analyze test logs to identify and categorize issues in failed test cases, providing developers with insights into the causes of failures. For example, in January 2023, LambdaTest, a US-based AI platform, launched an AI-powered test failure analysis feature within its HyperExecute platform, helping digital businesses streamline troubleshooting and improve testing efficiency.
Who Are the Key Players In The Failure Analysis Market?
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.
What Is The Most Dominant Region In The Failure Analysis Market?
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.
