Press release
Electron Microscope Market Set to Reach $5.46 Billion by 2029 with 8.5% Yearly Growth
What Is the Estimated Market Size and Growth Rate for the Electron Microscope Market?The market scale of the electron microscope has been significantly expanding in the last few years. The market will rise from $3.62 billion in 2024 to $3.94 billion in 2025, displaying a compound annual growth rate (CAGR) of 8.9%. The previous period's growth reasons include heightened demand for augmented consumer electronics, increment in electron diffraction methods, surge in requests for ultrafast electron microscopy, broader application in material science and nanotechnology, and progression in semiconductor examination.
Anticipated to experience robust growth in the imminent years, the electron microscope market is projected to increase to $5.46 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 8.5%. This substantial growth anticipated in the prognosis period can be credited to the escalating demand for technologically advanced magnification devices, heightened requirements for quality control, increased call for root-cause failure evaluation, a growing prevalence of chronic illnesses, and a rising urge for high-definition imaging across various industrial sectors. Key trends anticipated during this same forecast period encompass technological progressions, cryo-electron microscopy, the amalgamation of artificial intelligence, ultra rapid electron microscopy and the assimilation of electron diffraction techniques.
What Is Stimulating Growth in the Electron Microscope Market?
The electron microscope market's expansion is projected to be fueled by the escalating demand for diagnostic imaging. This term refers to an array of techniques and technologies used for the visualization of the internal bodily architecture as part of medical diagnosis, monitoring, and treatment. The surge in demand for such imaging solutions stems from technological advancements, the graying population, the rising incidence of chronic ailments, and an enhanced focus on early detection along with preventive healthcare. Diagnostic imaging frequently employs electron microscopes, particularly for research purposes and specific medical applications that necessitate extremely high-resolution and magnification. For example, as reported by the National Health Service, a government department in the UK, an uptick of 2.2% was observed in imaging tests from 44.0 million in 2022 to around 45.0 million in November 2023. Consequently, this swelling demand for diagnostic imaging is potentiated the growth of the electron microscope market.
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Who Are the Dominant Companies Influencing Electron Microscope Market Trends?
Major companies operating in the electron microscope market are Thermo Fisher Scientific Inc., Agilent Technologies Inc., Nikon Corporation, Keysight Technologies Inc., Hitachi High-Technologies Corporation, Advantest Corporation, Bruker Corporation, Zeiss Microscopy GmbH, HORIBA Ltd., Leica Microsystems GmbH, Park Systems Corp., Oxford Instruments plc, JEOL Ltd., EAG Laboratories, EAG Laboratories, Gatan UK, TESCAN ORSAY HOLDING a.s., Cameca Instruments Inc., Delong America Inc., Nanoscience Instruments Inc., Angstrom Advanced Inc., COXEM Co. Ltd., Nion, A&D Company Limited
How Is the Electron Microscope Market Evolving?
Major firms in the electron microscope market are focusing their efforts on the development of innovative products such as scanning electron microscopes, due to a rise in demand for superior microscopy in areas such as research, industry, and healthcare. A scanning electron microscope (SEM) is a subtype of electron microscope used to obtain highly detailed images of a specimen's surface by scanning it with a focused stream of electrons. For example, in July 2023, JEOL Ltd, a Japan-based company recognized for developing and manufacturing electron microscopes and other scientific tools, launched two electron microscopes, namely the JSM-IT710HRT and the JSM-IT210 InTouchScope. These new SEMs are a significant advancement in operation ease and high-resolution imaging and analytical speed. They come equipped with cutting-edge automation features that simplify data collection across all specimen types, thereby improving efficiency and productivity in research and industrial settings. These new generation SEMs have straightforward interfaces and sophisticated imaging algorithms for easy integration into various scientific workflows, enabling users to gain extensive insights with unparalleled precision and detail.
What Are the Different Segmentations in the Electron Microscope Market?
The electron microscope market covered in this report is segmented -
1) By Type: Transmission Electron Microscope(TEM), Scanning Electronic Microscope(SEM)
2) By Application: Semiconductors, Life Sciences, Material Sciences, Nanotechnology
3) By End-User: Industries, Institutions, Private Laboratories, Other End-Users
Subsegments:
1) By Transmission Electron Microscope (TEM): Conventional TEM, Cryo-TEM, Scanning Transmission Electron Microscope (STEM), Analytical TEM (Including Electron Energy Loss Spectroscopy, EDS)
2) By Scanning Electron Microscope (SEM): Conventional SEM, Field Emission SEM (FE-SEM), Environmental SEM (ESEM), Low Vacuum SEM (LV-SEM)
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Which Region Is at the Forefront of the Electron Microscope Market?
North America was the largest region in the electron microscope market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electron microscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Electron Microscope Global Market Report?
- Market Size Analysis: Analyze the Electron Microscope Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electron Microscope Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electron Microscope Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electron Microscope Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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