Press release
With 7.0% CAGR, Focused Ion Beam Market Growth to Surpass USD 1.8 billion
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The Ga+ liquid metal segment of the focused ion beam market is projected to witness the highest CAGR from 2023 to 2028. FIB systems using Ga+ liquid metal ion source offer increased brightness, have high angular velocity, contain low vapor pressure, are stable, and have a long lifetime. Moreover, leading players such as Hitachi Ltd.; ZEISS International; Thermo Fisher Scientific Inc.; TESCAN ORSAY HOLDING, a.s.; Raith GmbH; A&D Company, Limited; and JEOL Ltd. offer Ga+ liquid metal-based FIB systems.
FIB systems are widely used to carry out precise imaging and analyses and prepare TEM samples of biomaterials and cells. Considering their wide use in the bioscience sector, manufacturers of FIB systems are also working on developing advanced FIB systems. For instance, in 2021, Thermo Fisher Scientific Inc. launched the Thermo Scientific iFLM Correlative System, the integrated fluorescence light microscope, and a value-added component for the Thermo Scientific Aquilos 2 Cryo-FIB. This enhancement enables cell biologists to streamline their sample preparation process for cellular cryo-electron tomography (cryo-ET). The bioscience segment is projected to witness the highest CAGR during the forecast period.
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The focused ion beam market in Asia Pacific is projected to grow at the highest CAGR from 2023 to 2028. The growth of the market in this region can be attributed to the increased investments in R&D activities by government organizations and manufacturing companies in Asia Pacific. Governments of countries such as Japan, China, and India have been taking rapid initiatives and offering incentives to encourage companies to set up their manufacturing and R&D facilities in the countries. For instance, in December 2021, India announced a USD 10-billion production-linked incentive (PLI) scheme to encourage semiconductor and display manufacturing in the country. According to the Electronics and IT Ministry, semiconductor demand in India will increase to USD 70 to 80 billion by 2026 with the growing demand for digital devices and electronic products. In addition, the region houses leading FIB system manufacturers, including Hitachi Ltd. (Japan), JEOL Ltd. (Japan), and A&D Company, Limited (Japan) in Asia Pacific.
News Covered: https://finance.yahoo.com/news/focused-ion-beam-market-worth-143000681.html
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