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Acoustic Microscopy Market to Witness Huge Growth by Key Players: Sonoscan, Hitachi, PVA TePla, EAG Laboratories, NTS, Sonix, Insight K.K, OKOS, MuAnalysis, Crest, Predictive Image, PicoTech, Acoustech Systems, Accurex and Others.

05-11-2020 10:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Acoustic Microscopy Market to Witness Huge Growth by Key

According to Market Study Report, Acoustic Microscopy Market provides a comprehensive analysis of the Acoustic Microscopy Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry.This report also provides market landscape and market share information in the Acoustic Microscopy Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Acoustic Microscopy Market is estimated to be USD 951.0 Million in 2018 and is projected to reach USD 1,241.2 Million by 2023, at a CAGR of 5.47% between 2018 and 2023. This report spread across 144 pages, profiling 15 companies and supported with 61 tables and 51 figures are now available in this research.

Top Key Players Profiled in the Acoustic Microscopy Market:
o Sonoscan (US)
o Hitachi (Japan)
o PVA TePla (Germany)
o EAG Laboratories (US)
o NTS (US)
o Sonix (US)
o IP-holding (Germany)
o Insight K.K. (Japan)
o OKOS (US)
o MuAnalysis (Canada)
o Crest (Malaysia)
o Predictive Image (France)
o PicoTech (Israel)
o Acoustech Systems (US)
o Accurex (India)

"The market for Non-Destructive Testing (NDT) application is projected to grow at the highest CAGR during the forecast period"
Based on application, the market for Non-Destructive Testing (NDT)is projected to grow at the highest CAGR from 2018 to 2023. This growth can be attributed to the increased awareness regarding industrial non-destructive testing methods and their benefits, such as increased life of equipment and improved production output. The emergence of automated NDT equipment that offer accurate results is a key factor driving the growth of the non-destructive testing application.

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"The market for nanotechnology industry is expected to grow at the highest CAGR during the forecast period"
Based on industry, the market for nanotechnology is expected to grow at the highest CAGR during the forecast period. The increasing applicability of nanotechnology in the medical sector and rising initiatives to promote nanotechnology research worldwide are key factors contributing to the growth of the nanotechnology industry.

"The acoustic microscopy market for services is projected to grow at the highest CAGR during the forecast period"
The acoustic microscopy market for services is expected to grow at the highest CAGR from 2018 to 2023. This growth can be attributed to increase in the number of Non-Destructive Testing (NDT) service providers and rise in demand for NDT services from the semiconductor and automotive sectors. There is an inevitable need for NDT inspection in industries, primarily during engineering, assembling, and operating stages.

"The acoustic microscopy market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period"
The acoustic microscopy market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period, owing to favorable funding scenario for microscopy research, availability of technologically-advanced microscopes, and increased focus on nanotechnology. Additionally, pioneering research undertaken by key institutes in APAC countries is contributing to the growth of the acoustic microscopy market in the Asia Pacific region.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 45 %, Tier 2 - 35%, and Tier 3 -20%
o By Designation: C-Level Executives- 35%,Directors - 25%, and Others - 40%
o By Region: Americas- 45%, Europe - 20%, Asia Pacific- 30%, and RoW - 5%

Competitive Landscape of Acoustic Microscopy Market:
1 Overview
2 Ranking of Market Players
3 Competitive Scenario
3.1 New Product Launches
3.2 Partnerships
3.3 Acquisitions
3.4 Expansions

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Research Coverage:
This report covers the acoustic microscopy market based on offering, industry, application, and region. Based on offering, the acoustic microscopy market has been segmented into microscopes, accessories & software, and services. Based on industry, the acoustic microscopy market has been segmented into semiconductor, life science, material science, nanotechnology, and others (automotive and aerospace).

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