The global electron microscopes market is anticipated to witness significant growth over the forecast period owing to surge in demand for high-resolution, sophisticated, and precision imagery across a range of existing and new markets. An Electron Microscope (EM) is a high-resolution and high-magnification microscopic device used to see exceptionally small objects by focusing beams of electrons.
Surging demand across diverse range of applications such as metallographic, metrology, nanotechnology, applied physics, chemistry, medical science, semiconductors, and forensic science is expected to be the key force to drive the electron microscopes market over the forecast period. Necessity of advanced error detection solutions is also estimated to drive market growth significantly. The need for effective failure analysis and quality control in industries such as automotive, aerospace, and bio-pharmaceutical may also fuel the electron microscopes market growth over the next few years.
The electron microscopes market is propelled by the rising focus on nanotechnology, government & corporate funding, increasing demand for effective failure analysis, rising scientific, and analytical fusions. Further, technological advancements such as super resolution microscopy, high-throughput techniques, and digitization of microscopes drive the electron microscope market. Additionally, other market drivers include reduction of manufacturing costs, increased resolution, increasing complexity & performance level of devices used in electronic products, and increasing device complexity & shrinking geometries in materials research.
The global electron microscope market is estimated to witness growth owing to miniaturization of semiconductor chips and widespread applications in semiconductor industry. Moreover, high resolution capabilities associated with electron microscopes have opened up new avenues for R&D in the fields of life sciences, cell biology, and neurology, which is further expected to drive overall market growth during the forecast period. High cost of electron microscopes, excise tax implementation by the governments, and heavy custom duty on medical devices, and may hinder market growth. Additionally, need for high degree of technical expertise and time-consuming sample preparation process are expected to emerge as key market challenges.
Electron microscopes are classified as Scanning Electron Microscopes (SEMs) and Transmission Electron Microscopes (TEMs). SEMs may witness high demand across major end-user groups such as automotive and industrial segments, owing to low costs. . TEMs on the contrary are costly and used in high-end research such as biological research, molecular research, and cancer research. On the basis of end-users, the global electron microscope market is categorized into academic institutions, government research institutes, private laboratories, and application-based industries. Academic institutions are estimated to emerge as the major end-use segment. This can be attributed to the growing research and development in the field of optogenetics, neuroscience, and nanotechnology.
Asia Pacific is expected to exhibit a high growth rate over the forecast period, owing to availability of low-cost labor, favorable government policies, and huge investment opportunities in this region. Further, Asia Pacific is emerging as a major manufacturing hub for electron microscopes owing to the presence of key players in the field of life sciences and semiconductors.
Key players in the global electron microscope market include FEI Co., Nikon Corporation, Hitachi High-Technologies Corporation, Leica Microsystems, JEOL Ltd., and Carl Zeiss. New and innovative product development is one of the dominant strategies adopted by key industry participants to increase their market share and cater to unmet market needs.
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