September 06, 2022 06:28 ET | Source: Exactitude Consultancy Exactitude Consultancy
Luton, Bedfordshire, United Kingdom, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Focused Ion Beam Market.
Focused Ion Beam Market is expected to record an increased CAGR of 7.6 % in the forecast period 2022 to 2029
A focused ion beam is a high-energy ion beam generated by machinery with FIB capabilities. The semiconductor industry and 3D imaging techniques mostly use this equipment. Increased R&D spending on biomaterials and materials science is a significant driver of the market's expansion. Other significant factors driving the growth of the focused ion beam market include the rise in demand for FIB-based failure analysis equipment in the electronics industry and circuit editing applications employing FIB.
The Focused Ion Beam Market is anticipated to grow significantly over the forecast period 2022-2029 as a result of rising demand in ion beam lithography and sample preparation. The market for focused ion beams may experience rapid expansion due to the growing use of focused ion beams as a technique for surface modification of materials.
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North America held the largest share of the Focused Ion Beam Market
The market in North America is predicted to grow as a result of technological advancements in the electronics and semiconductor sector, new product launches by top players in the focused ion beam ecosystem, and increased adoption of focused ion beam systems in numerous universities and research institutions. Due to the fact that a sizable number of businesses situated in the US are engaged in the production of focused ion beam systems, the US market is anticipated to gain the most traction over the projected period.
Recent Developments in the Broad Ion Beam Technology Market :
Focused Ion Beam Market Players
The focused ion beam market key players include Thermo Fisher Scientific, Inc., ZEISS International, Tescan, JEOL Ltd., HORIBA, Ltd., Hitachi High-Technologies Corporation, Eurofins Scientific, A&D Company Limited and Others.
Key Market Segments: Focused Ion Beam Market
Focused Ion Beam Market by Ion Source, 2020-2029
Focused Ion Beam Market by Vertical, 2020-2029
Focused Ion Beam Market by Application, 2020-2029
Focused Ion Beam Market Dynamics
The focused ion beam market is expected to increase as a result of ongoing advancements in the semiconductor and electronics industries toward device compactness. Additionally, focused ion beam systems have been employed in the semiconductor sector for more than 20 years, as well as in the development of various biomaterials and material science. In relation to the expansion of the focused ion beam market globally, the focused ion beam configuration is additionally utilised with a scanning electron microscope to prepare samples for transmission electron microscopy.
The main drivers propelling the growth of the focused ion beam market globally are the expanding use of focused ion beam systems in material science, the rise in demand for failure analysis, and the usage of focused ion beams in nano machining. In the material science labs, FIB systems are used for microstructural investigation, circuit modification, and specimen preparation. Additionally, focused ion beam systems are employed as equipment for failure investigation in the manufacturing and semiconductor sectors. The ability to identify the root cause of failure has become crucial for saving money on failed trials and rerouting resources in the proper directions.
The high cost of focused ion beam equipment is the only issue facing the focused ion beam market. Due to the low demand for the technology among small and medium-sized businesses, it is difficult to use the technology generally. This is a significant flaw that could adversely impact the market for a global focused ion beam during the projection period.
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