Press release
Failure Analysis Market Projected to Surpass $8.6 Billion by the end of 2023: Worldwide Key Players – EAG, Intertek Group, Raytheon, Exova Group, Thermo Fisher Scientific, Hitachi High-Technologies, Tessolve Semiconductor
Marketprognosis.com Publish a New Market Research Report On “Global Failure Analysis Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.Overview of the Global Failure Analysis Market:
The Global Failure Analysis Market was valued at USD 5.6 Billion in 2017 and is projected to reach USD 8.6 Billion by the end of 2023, growing at a CAGR of 7.47% over the forecast period of 2018 - 2023. The scope of the report is limited to the type of products used in failure analysis, type of testing, technique used, and application of failure analysis. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, and Rest of the World.
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Failure analysis is used to eradicate an existing problem and prevent an upcoming problem. The devices used in failure analysis first analyze the problem and then recommend a corrective course of action, thus, improving efficiency and reducing maintenance cost.
Technological advancements, ageing infrastructure, innovation in materials, and increasing complexity of advanced processes are a few driving factors of the failure analysis market, while high equipment cost and high turnaround time are the factors hindering the market growth.
Non-destructive Testing (NDT) failure analysis testing is used to monitor the ageing of structures periodically, in lieu of traditional methods. Recently, quality evaluation of ageing infrastructure has witnessed renewed emphasis, owing to the spate of high-profile infrastructural failures in the mature economies such as the United States and Europe, for instance, the collapse of the I-35 Bridge on Mississippi River. A recent report on the quality of the United States’ infrastructure has revealed that several key public installations like roads, transport, public buildings, and inland waterways are in urgent need of investments to retain effectiveness and long-term stability.
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Scanning Electron Microscopes (SEMs) are used across several industrial, commercial, and research applications. SEMs provide information on- topography, morphology, and composition.
Improvement in the resolution power and attachment of other devices, such as energy x-ray dispersion spectrometer, increasing demand for nanotechnology-based research, and consequent rise in funding will propel the market growth of SEMs. Moreover, as nanotechnology has applications in most of the areas of material sciences, semiconductors, and life sciences that substantially affect the economy of any nation, it promotes government organizations and other corporate enterprises to support R&D in SEMs.
Major Key Players:
1 EAG Inc.
2 Intertek Group PLC
3 Raytheon Company
4 Exova Group PLC
5 Thermo Fisher Scientific Inc.
6 Hitachi High-Technologies Corporation
7 Tessolve Semiconductor Pvt Ltd
8 Knighthawk Engineering, Inc. and More…………………
Any Query? Ask to our Expert @ https://www.marketprognosis.com/enquiry/16302 .
This study answers to the below key questions:
1 What will the market size be in 2023 and what will the growth rate be?
2 What are the key market trends?
3 What are the challenges to market growth?
4 Who are the key players in this market?
5 What are the market opportunities and threats faced by the key players?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Failure Analysis Market.
Table of Contents:
1 Introduction
2 Research Approach and Methodology
3 Market Insights
4 Market Dynamics
5 Global Failure Analysis Market Segmentation
6 Competitive Intelligence - Company Profiles
7 Investment Analysis
8 Outlook of Failure Analysis Market
About us:
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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