According to the latest report by IMARC Group, titled “Failure Analysis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global failure analysis market size reached US$ 4.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2027, exhibiting a growth rate (CAGR) of 8.15% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Industry Definition and Application:

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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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.

Report Segmentation:

The report has segmented the market into the following categories:

Competitive Landscape:

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.

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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