Press release
Focused Ion Beam Market : Big Companies Leverage Research and Development to Get Ahead
A noticeable trend in the global market for focused ion beam is the substantial investment in research and development, particularly by the bigger companies. The big names in the market have also been resorting to mergers and acquisitions to grow their market share. Take for example FEI. It was acquired by Thermo Fisher Scientific in 2016 on account of the wide array of technologies and its sway over the Australia market.
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Expanding at a steady 6.8% CAGR between 2016 and 2024, the global market for ion beam is predicted expected to reach US$528.0 mn by 2024-end from US$312.3 mn in 2016.
focused ion beam market
Europe Emerges Dominant Market due to High Usage of Focused Ion Beams in the Semiconductor Industry
The global market for focused ion beam can be segregated into iridium, gallium, gold, and then a collective segment of unique ion sources, including gas field ionization and liquid metal alloy ions. So far the gallium segment has been grossing maximum revenue and it is followed by iridium. A lot of focused ion beam systems these days come with liquid metal ion sources (LMIS) coupled with gallium ions. This accords it longer life, greater durability, better stability, and reduced melting point.
Based on geography, the key segments of the global market for focused ion beam are Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. Europe, among them, is a dominant region owing to the high usage of focused ion beams in the semiconductor industry. Numerous research institutes in the region are also driving up demand for ion beam systems. North America is another key market in terms of demand because of the use of focused ion beam microscopes in material sciences. The commercial availability of focused ion beam microscopes recently has led to a spurt of research and development projects in the North American studies of material sciences.
Applications in Material Sciences Propels Market
“Ever since focused ion beam equipment have been available on a commercial basis over two decades ago, their applications have only been found in the industries of microelectronics. It has only been close to a decade that the applications of the focused ion beam systems have diversified from microelectronics and into other fields, specifically material sciences. This has created an explosion in the global demand for focused ion beam instruments across all organizations dealing in material sciences. A similar scope of expansion for the global focused ion beam market has been found in medical sciences, where the use of focused ion beam microscopy can allow for a more accurate sample preparation method,” explains the lead analyst of the TMR report.
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Deterring the global focused ion beam market includes the steep costs involved in acquiring and maintaining focused ion beam machines. This has negatively impacted the rate of deployment of the machines in failure analysis.
This review is based on the findings of a TMR report, titled, “Focused Ion Beam Market (Ion Source - Gallium, Gold, and Iridium; Applications - Sample Preparation, and Nanofabrication) - Global Industry Analysis Size Share Growth Trends and Forecast 2016-2024.”
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
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