Global surface analysis market is currently being driven by the factors such as increasing innovations in the field of nano technology sciences, increasing research and development expenditure from biotechnology and pharmaceutical companies and, increasing adoption of surface analysis techniques in various research activities. Presence of favorable government policies and funding in support of research activities is also the driving factors for surface analysis industry growth. Technological advancements in the instruments used for surface analysis such as advanced microscopes, XRD, surface analyzers and spectrometers are also the growth factor. These advanced techniques provide quick and accurate results which lead to ease and precision in the research activities. However, high cost of implementation and cost for training of skilled personnel are the major challenges in the penetration of surface analysis techniques in the developing nations such as India, China, and South Africa. However, increasing education and attraction towards technology trends in the developing nations help in overcoming the restraints.
The global surface analysis market is divided into segments by technology, industry and, end user. On the basis of technology, the surface analysis market is segmented in to surface analyzers, XRD (X-Ray Diffraction), microscopy techniques and, spectroscopy. Optical microscopy, Single plane illumination microscopy and light sheet fluorescence microscopy, electron microscopy, confocal microscopy, Serial time encoded amplified microscopy (STEAM), Ultraviolet microscopy, infrared microscopy, Laser microscopy and scanning probe microscopy are covered under microscopy market. By industry, the market is segmented into life sciences, semiconductor, polymers, energy, magnetic media, materials research industry and, others including food, paper and packaging beverages, and textile. By end user, the market is divided into pharmaceutical and biotechnology industries, research laboratories and, academic institutes. However, semiconductor industries are the biggest users of surface analysis techniques. Nono-technology is an emerging concept in various fields including pharmaceuticals and biotechnology for which, use of surface analysis instruments by researchers is rising.
Geographically, overall surface analysis market is segmented into North America, Asia Pacific, Latin America, MEA, and, Europe. Currently, North America and Europe are the dominating segments due to the growth factors such as rising technological advancements, established healthcare infrastructure and, government support for the research activities leading to increasing amount of research and development expenditure. The Asia Pacific market is showing the highest growth potential during the forecast period due to the factors such as increasing adoption of technologically advanced instrumentations, favorable funding policies by government for research and development, rising focus of major manufacturers of the surface analysis instruments in this segment due to high profitable margin and, increasing collaborations with the established economies such as the U.S. and Europe for the purpose of R&D. Growth in the Asia-Pacific region is driven by developing economies such as China, South Korea, India, Singapore, and Japan. Increasing R&D expenditures by biotechnology and pharmaceutical industries is expected to give innovations.
Major players in this market are Olympus Corporation, Shimadzu Corporation, JEOL, Ltd., Bruker Corporation, Inc., ULVAC-PHI, Inc., HORIBA, Ltd., Carl Zeiss AG, FEI Company, Nikon Corporation and Danaher Corporation Thermo Fisher Scientific. To remain competitive and maintain the market share; leading companies are continuously bringing advancements in the technologies. They are also upgrading their product portfolios continuously for provision of continuous advancements in the dynamic market. Increasing competition is believed to drive innovation in the surface analysis market. In this way it helps the surface analysis industry to overcome current restraints and challenges in the fields various industries, such as biotechnology, pharmaceutical, semiconductor, polymers, food, energy and others. Moreover, these at the same time focus on the end-user acceptance issues and address the need gaps of the surface analysis industry. Cost benefit is another advantage to the end-users due to increasing competition amongst the surface analysis instrumentation providers. Technology transfer is the current trend ongoing in the technology based industries including surface analysis industry which is helpful in the implementation of technology advancements in the existing organizational operations.
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