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At 7.4% CAGR, Focused Ion Beam Market Expected to Reach $4.9 Billion By 2022 | Top Impacting Factors and Business Strategies

04-02-2020 09:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Focused Ion Beam Market

Focused Ion Beam Market

According to a report published by Allied Market Research, titled, "Focused Ion Beam Market by Ion Source (Iridium, Gold, Gallium, and Others) and Application (Failure Analysis, Material Science, Nanofabrication, Device Modification, Circuit Edit, and Others) - Global Opportunity Analysis and Industry Forecasts, 2014-2022", the global focused ion beam (FIB) market is expected to reach $4.9 billion by 2022, growing at a CAGR of 7.4% from 2016 to 2022.

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In 2015, North America dominated the market and contributed more than 39% of the overall market revenue, followed by Asia-Pacific. Presence of key market players in the U.S. and Asia-Pacific, rapid industrialization, primarily in manufacturing sectors, increase in demand for FIB-based failure analysis equipment in electronics industry, and circuit editing applications using FIB have fueled the growth of FIB market. However, high cost of FIB equipment is the major restraint of the market.

Gallium ion source segment dominated the market, accounting for about 40% of the overall market share in 2014. Owing to its nontoxic nature, gallium is widely accepted as a major ion source for FIB. However, others segment is expected to register a CAGR of 8.0%, and is projected to demonstrate significant growth during the forecast period. This is attributed to increased R&D of new ion types, such as lithium, to enable cost-effective and efficient operations of FIB, without compromising the quality.

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Although North America contributed towards the maximum revenue share in 2014, Asia-Pacific is expected to show highest CAGR during the forecast period. This is attributed to various factors, including increase in demand for electronic products and numerous government initiatives. Moreover, development in focused ion beam (FIB) technologies has fueled the market growth in Asian countries, particularly in China, Japan, and India.

Asia-Pacific is projected to show highest growth rate throughout the analysis period. China has the biggest market for FIB manufacturers and consumers. Moreover, surge in manufacturing industry activities and increased expenditures in the emerging markets, such as Japan and India, to cater to the exponential growth for consumer electronics have strengthened the market growth. Technological advancements for cost-effective FIB in these nations offer lucrative opportunity for the market.

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Key Findings of the Focused Ion Beam Market:
1. The circuit edit application led the overall FIB market revenue in 2014, and is projected to grow at a CAGR of 7.0% during the forecast period.
2. Nanofabrication application segment is expected to exhibit rapid growth during the forecast period.
3. In 2015, North America led the global market, but Asia-Pacific is expected to show the highest CAGR.
4. In 2015, China led the overall Asia-Pacific market with about one-third of the market share.

Key players in the FIB market adopted acquisition and product launch as their prominent strategies to expand their business operations in the emerging countries. The major players profiled in this report include Hitachi High-Technologies Corporation, Evans Analytical Group, Fibics Incorporated, FEI, Carl Zeiss AG, ZEROK Nanotech, Thermo Fisher Scientific Inc., NanoLab, Tescan, and Waters.

Chapter 1: Introduction
Chapter 2: Executive Summery
Chapter 3: Market Overview
Chapter 4: World Focused Ion Beam Market, By Ion Source
Chapter 5: World Focused Ion Beam Market, By Application
Chapter 6: World Focused Ion Beam Market, By Geography
Chapter 7: Company Profiles

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About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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