Market Synopsis

The global acoustic microscope market 2020 is slated to generate a market value of USD 1 billion by 2023, expanding at a 9% CAGR during the forecast period 2018-2023.  

Market highlights

The main factors driving the growth of the Acoustic Microscopy Industry are the growing demand for research and development in micro and nanotechnology. Acoustic microscopes have a wide variety of use in medicine and microelectronics. SAM technology is trend in industry at the moment. This system has unique features, such as being able to display specimen without any damage. The focusing aspect plays a major role because even though it's inside the water, beam will search the sample. Besides, capturing image even at a deeper layer, perfect measurement, all this factor drive consumer demand for the acoustic microscope industry. The key factors driving the growth of the acoustic microscopy market are safety regulations introduced by governments and international bodies, the development of diverse end-use industries and increased funding for R&D in microscopy. Growing adoption of acoustic technology is driving the growth of the acoustic microscopy market by increasing the number of manufacturing firms for product error detection and quality checks. The demand for acoustic microscopy has seen a significant increase with the increase in the number of end-use industries and high investment in R&D.

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Key players

The prominent players in the market of acoustic microscope are Nikon Corporation (Japan), Applied Materials, Inc. (US), Danaher Corporation (UK), Carl Zeiss (Germany), FEI Co. (US), Hitachi High Technologies Corporation (Japan), Bruker Optics Inc. (US), JEOL Ltd. (Japan), Leica Microsystems (Germany) and Olympus Corporation (Japan) among others.

This device's in-depth magnification and high-resolution capabilities can be used to study various structures and damages in computer components in different industries. Even the increasing demand for application in the medical, semiconductor and aerospace industries creates lucrative opportunities for this market's manufactures.

Additionally, government support and its investments in R&D activities and growing advances in microscope technology lead to the adoption of acoustic microscope. High investment costs, however, hamper the growth of acoustic microscopes in the market. The main challenge facing the demand for acoustic microscopes is the lack of professional staff required to operate the acoustic microscope efficiently. You can overcome this challenge by conducting training sessions to train the unskilled personnel.

Segmentation

By type, the market is segmented into scanning acoustic microscope (SAM), confocal scanning acoustic microscope (CSAM), C-mode scanning acoustic microscope, scanning laser acoustic microscope (SLAM).

The market is segmented by application into non-destructive testing, fault analysis , quality control / product reliability testing, others (false detection and process validation). In the forecast period, the Non-Destructive Testing (NDT) market in the application segment is expected to develop at the highest CAGR due to increased knowledge of non-destructive industrial test methods and their benefits, such as increased equipment life and improved engendering performance.

By industry, the market is segmented into semiconductor & electronics, automotive, material science, life science, medical, and among others.

By region, the market is segmented into North America, Asia-Pacific, Europe, and the rest of the world.

Regional analysis

It is expected that the global demand for acoustic microscope will rise at a significant rate during the 2018-2023 forecast period. Acoustic microscope market geographic analysis is being studied for North America, Europe , Asia-Pacific and the rest of the world.

North America is expected to dominate the acoustic microscope industry, owing to increased government spending in research and development that includes acoustic microscopes. In addition, developments in the medical field are expected to increase the adoption of acoustic microscopes in the North America region.

Due to a large number of semiconductor and electronics companies located in this area that use the acoustic microscope for quality assurance and failure analysis, Asia-Pacific is expected to be the fastest growing market for acoustic microscopes.

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