The North America Focused Ion Beam Market would witness market growth of 6.6% CAGR during the forecast period (2022-2028).
The increasing spending on research and development of biomaterials and materials science is driving the expansion of the focused ion beam technologies. Some other significant factors responsible for the growth include the rise in demand for FIB-based equipment in failure analysis procedures in the electronics industry and circuit editing applications. Additionally, the demand for failure analysis processes has grown significantly in the semiconductor and electronics industries.
In semiconductor devices, problems with device packaging can result in failures because of open or short circuits, contamination, and mechanical stress development in the device. Computers, railroad signaling, life support systems, telecommunications, and aerospace systems are some of the vital applications that use numerous electronic components in their design and development. Therefore, the designing of more dependable products after analyzing the various reasoning behind the failure of any particular electronic component would benefit all these industries.
For instance, when used in high-altitude airplanes, a resistor's ability to handle power can substantially diminish. Similarly, the secondary overvoltage damage could result from a compromised chip metallization. In addition, faulty components could cause catastrophic failures like fire, melting, or explosions.
The United States has one of the biggest automotive industries in this region. It is known that the commercial vehicles' requirement is greatly impacted by the progression of logistics & delivery services in addition to major e-commerce portals. Furthermore, to meet the requirement of statutory emission standards, there is immense pressure on manufacturers to develop efficient engine technology. Such elements have a considerable effect on the development of the automotive sector. Additionally, the region has a sizeable number of OEMs establishing supportive policies that favor the growth of electric vehicles.
The US market dominated the North America Focused Ion Beam Market by Country in 2021; thereby, achieving a market value of $485.3 Million by 2028. The Canada market is experiencing a CAGR of 9% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 8.1% during (2022 - 2028).
Based on Application, the market is segmented into Failure Analysis, Nanofabrication, Device Modification, Circuit Edit, and Counterfeit Detection. Based on Ion Source, the market is segmented into Ga+ Liquid Metal, Gas Field, and Plasma. Based on Vertical, the market is segmented into Electronics & Semiconductor, Industrial Science, Bioscience, and Material Science. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Focused Ion Beam Market is Predict to reach $1.9 Billion by 2028, at a CAGR of 7.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., Carl Zeiss AG, Hitachi, Ltd., JEOL Ltd., Oxford Instruments plc, Eurofins Scientific SE, Veeco Instruments, Inc., Leica Microsystems GmbH (Danaher Corporation), A&D HOLON Holdings Company, Limited and Raith GmbH
By Application
By Ion Source
By Vertical
By Country
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