Failure Analysis Market

Market Overview

The process of analyzing failure of a critical component in equipment’s is termed as failure analysis. There is a high demand of use of failure analysis techniques among the global original equipment manufacturers (OEM) as a part of manufacturing, servicing and maintenance of devices. The failure analysis, performed by both, physical and chemical methodology, is an important technique for various industries for new product development and efficiency enhancement of existing machinery and equipment.

Failure analysis helps to recognize the main origin for the failure of devices and minimizes the reoccurrence of similar faults in the future. It is used to detect manufacturing defects, misuse, assembly errors, inappropriate materials, design errors, improper maintenance, and inadequate quality assurance, casting discontinuities, and unanticipated operating situations in industries. Failure analysis is highly advantageous over traditional manual processes of failure identification and correction. This process primarily addresses the failures in components, structures, and assemblies and is often defined as a part of a larger investigation.

The failure analysis market is anticipated to grow with a significant CAGR during the forecast period, owing to the technological advancements and growth of the industrial sector. The 2019 coronavirus pandemic has led to the halt of industrial operations and manufacturing process for months, leading to possibilities of certain errors when industries start opening up.

Technological evolution has eased the construction of sophisticated tools for identifying and correction of failure, which is likely to be adopted by most manufacturers’ post-COVID-19. End-users can easily detect faults in bioscience, electronics, industrial science, material science. Failures depending on the size, shape or properties of structure that may led to failure may include poor microstructure and contamination from foreign particles can be easily identified and corrected

Market Dynamics

Failure Analysis Market Drivers

• High Demand from End-Use Verticals Drives the Market Growth

Growing wireless communication and electronics sector has led to the increment of manufacturing industries. Demands from these industries is driving the global failure analysis market. In addition to this, the rapidly decreasing size and complicated circuit design requirement of semiconductors and the embedded system have increased the demand of failure analysis equipment. Manufacturers are demanding high-end failure analysis equipment during the development process of integrated circuits (ICs).

• Early Recognition of Faults Provided by Failure Analysis Tools to Drive Its Adoption among the Manufacturers

Rising awareness among the people regarding the quality of product or solutions being offered and growing demands of uninterrupted services is compelling organizations to implement failure analysis to their manufacturing facilities. The market growth is further accelerated by the rising technological and industrial advancements. It is allowing organizations to cut costs in the production by monitoring the nature of the products and potential faults well in advance even before the product is manufactured. It helps them to gain full control over the operations and is contributing to the revenue growth of the global failure analysis market.

Failure Analysis Market Restraints

• High Cost of Implementation to Restrict the Market Growth

High cost and complexity in the implementation of the equipment are negatively impacting the failure analysis market. Along with implementation, the maintenance cost is also remarkably high. The rising challenges faced by the automotive industry, such as the demand for inexpensive and high-quality components, are forcing solution providers to ensure that such components are designed and manufactured with sufficient quality, which is slowing down the market growth to some extent.

• Technological Investments to bolster market growth in the upcoming period

The failure analysis market is continuously graced by new developments and innovations catering to the changing consumer demand. There is always a high demand for efficient tools and technologies to detect the root cause and correct them to prevent any disturbances in operations. Such developments and innovations are expected to offer lucrative growth opportunities for the failure analysis market to expand its horizons all across the globe.

Foreign investors are also interested in the following technologies, which are expected to create a strong base for the growth of regional service providers. Ultrasonic and radiographic techniques are emerging significantly as nondestructive methods of failure analysis. Pulsed Eddy Current (PEC) testing allows for more volumetric inspection and provides more information.

Magnetic resonance imaging is another nondestructive examination method used in failure analysis that focuses on PET/MRI hybrid imaging systems. Other latest advancements in the failure analysis industry include vision-based sensors and processors in-addition to artificial intelligence. Fourier transform infrared (FTIR) spectroscopy, light and electron microscopy (CLEM) and super-resolution microscopy are some of the rising techniques in failure detection suitable for the micro destructive analysis of small samples, and is expected to drive the growth of failure analysis equipment market during the forecast period

Segmental Analysis

• Focused Ion Beam (FIB) Systems Segment to Grow with the Highest CAGR

FIB systems segment is finding widespread applications in material science and bioscience. Manufacturers are focusing on the development of commercially focused FIBs to support error correction in material sciences. Widespread usage of FIB in-circuit editing and transmission electron microscopy (TEM) for sample preparation, microstructural analysis, and prototyping nano-machining bolsters the segment growth.

• Electronics and Semiconductor Application Segment Holds the Largest Market Share

Electronics and semiconductor application segment is anticipated to account for the largest share of failure analysis market due to up surging requests for miniature transistor chips, Nano electronics, and optoelectronics in industries. The electronics and semiconductor sector is rising as a leading sector, owing to the increased adoption of robotics and automation to manufacture electronics devices. This has increased the demand of high density, integrated, and miniaturized devices to construct smart devices, wearable’s, and smart industrial equipment

Regional Analysis

The U.S. and Canada to Be the Frontrunners of North America’s Failure Analysis Market

Growth of the North American market can be attributed to wide availability of advanced microscopy systems and the presence of key market players that are actively focused on nanotechnology. The U.S. is home to some of the significant industry leaders, including Danaher and Thermo Fisher Scientific. The U.S. and Canada are some of the early adopters of failure analysis techniques, such as electron microscopes, digital microscopes, and confocal microscopes. The automotive sector is heavily demanding failure analysis due to the presence of companies, such as General Motors and Ford, who rely heavily on automation.

Burgeoning Automobile Industry in Asia-Pacific Drives the Failure Analysis Market Growth

The speculation regarding the efficiency of the failure analysis equipment is a leading market driver in the APAC region. The high price of failure analysis equipment is restricting their adoption by the cost-sensitive small and medium scale industries. However, there is a projecting demand for highly advanced error detection and correction solutions among large enterprises in the Asia-Pacific region. Countries such as Taiwan, China, Japan, South Korea and India are emerging as leading nations in the electronics and semiconductors industries with some of them already achieved an established market presence. This makes APAC a lucrative market for revenue generation with a double digit growth CAGR.

APAC is a rising hub for the automotive market.  Increasing demand for passengers as well as advanced vehicles due to population density is compelling manufacturers to invest in new technologies, such as electric and hybrid vehicles, to meet consumer demands. The automobile is witnessing a high need for failure analysis tools and software as components may fail, causing severe accidents.

Failure Analysis Market Segmentation

By Technology

• Energy Dispersive X-Ray Spectroscopy (EDX)
• Secondary Ion Mass Spectroscopy (SIMS)
• Focused Ion Beam (FIB)
• Broad Ion Milling (BIM)
• Reactive Ion Etching (RIE)
• Scanning Probe Microscopy (SPM)

By Application

• Electronics and Semiconductor
• Industrial Science
• Material Science
• Bioscience

By Region

• North America
• Europe
• Asia-Pacific
• SAMEA