Acoustic Microscopy Market by Offering (Microscopes, Accessories & Software, Services), Application (Non-Destructive Testing, Quality Control, Failure Analysis), Industry (Semiconductor, Life Science), and Geography - Global Forecast to 2023
[144 Pages Report] The acoustic microscopy market is estimated to be USD 951.0 Million in 2018 and is projected to reach USD 1,241.2 Million by 2023, at a CAGR of 5.47% during the forecast period. The base year considered for this study is 2017 and the forecast period is between 2018 and 2023.
Objectives of the Study:
- To define, analyze, segment, and forecast the market, in terms of value and volume, segmented on the basis of offering, industry, application, and geography
- To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the market
- To forecast the market size for various segments with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To strategically profile key players and comprehensively analyze their market ranking and core competencies, along with a detailed competitive landscape for market leaders
The size of the acoustic microscopy market has been estimated using both top-down and bottom-up approaches. These approaches have been used to estimate and validate the size of the market and various other dependent submarkets. Key players in the market have been identified through secondary research, and their regional market shares have been determined through primary and secondary research. This research involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial study of the market. This entire research methodology includes the study of annual and financial reports of top market players as well as interviews with industry experts, such as Chief Executive Officers (CEOs), vice presidents, directors, and marketing executives, to acquire qualitative and quantitative insights on the market.
In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key opinion leaders. The breakup of profiles of primary participants has been depicted below:
To know about the assumptions considered for the study, download the pdf brochure
The ecosystem of the acoustic microscopy market comprises technology providers, such as Sonoscan (US), Hitachi (Japan), PVA TePla (Germany), EAG Laboratories (US), NTS (US), Sonix (US), IP-holding (Germany), Insight K.K. (Japan), OKOS (US), MuAnalysis (Canada), Crest (Malaysia), Predictive Image (France), PicoTech (Israel), Acoustech Systems (US), and Accurex (India).
The report provides a detailed overview of drivers, restraints, opportunities, and challenges influencing the growth of the market. It offers critical market data and qualitative information regarding each market segment, in addition to value chain analysis, market ranking analysis, competitive situations and trends, and competitive leadership mapping. The report also highlights technology providers, software providers, system integrators, and end-user industries of the market.
Target Audience:
- Electronic Hardware Equipment Manufacturers
- Acoustic Microscopy Software and Solution Providers
- Acoustic Microscopy Technology Providers
- Technical Universities
- Government and Private Research Organizations
- Standardization and Testing Firms
- Government Bodies (Regulatory Authorities and Policymakers)
- Installation, Maintenance, and Service Providers
- Research Organizations and Consulting Companies
- Private Equity Firms and Startup Companies
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The acoustic microscopy market has been segmented as follows:
Acoustic Microscopy Market, by Application:
- Non-Destructive Testing
- Failure Analysis
- Product Reliability Testing/Quality Control
- Others
Acoustic Microscopy Market, by Industry
- Semiconductor
- Life Science
- Material Science
- Nanotechnology
- Others
Acoustic Microscopy Market, by Offering:
- Microscopes
- Accessories & Software
- Services
Acoustic Microscopy Market, by Geography:
- North America
- Europe
- Asia Pacific (APAC)
- RoW
Available Customizations:
Country-wise Information:
- Detailed analysis of various industries and application areas of the acoustic microscopy market in each country
Company Information:
Detailed analysis and profiling of additional market players (up to 5)
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The acoustic microscopy market is expected to grow from USD 951.0 Million in 2018 to USD 1,241.2 Million by 2023, at a CAGR of 5.47% between 2018 and 2023. Factors driving the growth of the market includes safety regulations formulated by governments and international bodies, growth of various end-use industries, and increased funding for R&D in microscopy. Acoustic microscopy is gaining popularity as a non-invasive and non-destructive technique used to scan the internal features of a specimen. It helps identify defects and flaws in existing equipment as well as the latest and advanced equipment/devices used in various industries.
The acoustic microscopy market has been segmented on the basis of offering, industry, application, and geography. Based on offering, the market has been segmented into microscopes, accessories & software, and services. The services segment accounted for the largest market size in 2017. Microscopy services are provided for various applications, such as Non-Destructive Testing (NDT), failure analysis, and product reliability testing/quality control. The market for services is projected to witness significant growth during the forecast period, owing to the increase in the number of NDT service providers and rise in demand for NDT services from the semiconductor and automotive sectors. There is an inevitable need for NDT inspection in industries, primarily during engineering, assembling, and operating stages. NDT services are adopted by various industries to prevent recurring issues in system components.
Based on industry, the acoustic microscopy market has been segmented into semiconductor, life science, material science, nanotechnology, and others (automotive and aerospace). The semiconductor industry accounted for the largest market size in 2017, owing to the increasing use of microscopy techniques in the semiconductor industry for R&D, quality control, process development, and failure analysis. The rising demand for miniature transistor chips, nanoelectronics, quantum dots, and optoelectronics is a key factor driving the growth of the market in the semiconductor industry.
Based on application, the market has been segmented into Non-Destructive Testing (NDT), failure analysis, product reliability testing/quality control, and others (counterfeit detection and process validation). The Non-Destructive Testing (NDT) application accounted for the largest share of the market in 2017. This large share can be attributed to increased awareness regarding industrial non-destructive testing methods and their benefits, such as increased life of equipment and improved production output.
Based on region, the market has been segmented into North America, Europe, Asia Pacific, and RoW. The market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. The acoustic microscopy market in China, Japan, and India is expected to witness significant growth in the next 5 years, owing to rise in R&D funding for the development of microscopes and increased focus on nanotechnology research. Additionally, pioneering research undertaken by key institutes in APAC countries is influencing the growth of the market in this region.
A key factor restraining the growth of the market is high initial investments and overall operating costs. Although acoustic microscopes provide an assured return on investment, the setup cost is expensive for a few industries. High setup costs propel industries to opt for third-party inspection services. In addition, there are recurrent expenses in the form of maintenance costs of microscopes, which, in turn, hamper the growth of the market.
Key players operating in the acoustic microscopy market include Sonoscan (US), Hitachi (Japan), PVA TePla (Germany), EAG Laboratories (US), NTS (US), Sonix (US), IP-holding (Germany), Insight K.K. (Japan), OKOS (US), MuAnalysis (Canada), Crest (Malaysia), Predictive Image (France), PicoTech (Israel), Acoustech Systems (US), and Accurex (India). These players have adopted various growth strategies, such as new product launches, partnerships, collaborations, expansions, and acquisitions, to expand their global presence and increase their market share.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 28)
4 Premium Insights (Page No. - 32)
4.1 Attractive Market Opportunities in the Acoustic Microscopy Market
4.2 Market in APAC, By Industry and Country
4.3 Market, By Offering
4.4 Market in APAC, By Application
4.5 Geographic Analysis of the Market
5 Market Overview (Page No. - 35)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Safety Regulations By Governments and International Bodies
5.2.1.2 Growth of Various End-Use Industries
5.2.1.3 Increased Funding for R&D in Microscopy
5.2.2 Restraints
5.2.2.1 High Initial Investment and Overall Operating Cost
5.2.2.2 Implementation of Excise Tax and Heavy Customs Duty on Acoustic Microscopes
5.2.3 Opportunities
5.2.3.1 Growing Emerging Markets
5.2.3.2 Increased Power Generation
5.2.4 Challenges
5.2.4.1 Lack of Skilled Professionals
5.3 Value Chain Analysis
6 Acoustic Microscopy Market, By Offering (Page No. - 40)
6.1 Introduction
6.2 Microscopes
6.2.1 Scanning Acoustic Microscope (SAM)
6.2.2 Confocal Scanning Acoustic Microscope (CSAm)
6.2.3 Scanning Laser Acoustic Microscope (SLAM)
6.3 Accessories & Software
6.4 Services
7 Acoustic Microscopy Market, By Application (Page No. - 51)
7.1 Introduction
7.2 Non-Destructive Testing
7.3 Failure Analysis
7.4 Product Reliability Testing/Quality Control
7.5 Others (Counterfeit Detection and Process Validation)
8 Acoustic Microscopy Market, By Industry (Page No. - 64)
8.1 Introduction
8.2 Semiconductor
8.2.1 Semiconductor Manufacturing
8.2.2 MEMS and Thin Film Production
8.3 Life Science
8.3.1 Cellular Biology
8.3.2 Structural Biology
8.3.3 Biomedical Engineering
8.3.4 Neuroscience
8.4 Material Science
8.4.1 Metallurgy
8.4.2 Polymer Coating
8.4.3 Paper and Fiber Material
8.4.4 Ceramic & Glass
8.5 Nanotechnology
8.6 Others
9 Acoustic Microscopy Market, By Region (Page No. - 83)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 Rest of Europe (RoE)
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Rest of APAC
9.5 Rest of the World (RoW)
10 Competitive Landscape (Page No. - 107)
10.1 Overview
10.2 Ranking of Market Players
10.3 Competitive Scenario
10.3.1 New Product Launches
10.3.2 Partnerships
10.3.3 Acquisitions
10.3.4 Expansions
11 Company Profiles (Page No. - 111)
11.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
11.1.1 Sonoscan
11.1.2 Hitachi Power Solutions
11.1.3 PVA TePla Analytical Systems
11.1.4 EAG Laboratories
11.1.5 NTS
11.1.6 Sonix
11.1.7 Ip-Holding
11.1.8 Insight K.K.
11.1.9 OKOS
11.1.10 MuAnalysis
11.1.11 Crest
11.1.12 Predictive Image
11.1.13 Picotech
11.1.14 Acoustech
11.1.15 Accurex
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
11.2 Other Companies
11.2.1 Astronics Technologies
11.2.2 Nanolab Technologies
11.2.3 Tessonics
11.2.4 Alter Technology
11.2.5 Acoulab
12 Appendix (Page No. - 136)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (61 Tables)
Table 1 Acoustic Microscopy Market, By Offering, 20152023 (USD Million)
Table 2 Market for Microscopes, By Type, 20152023 (USD Million)
Table 3 Market for Microscopes, By Application, 20152023 (USD Million)
Table 4 Market for Microscopes, By Industry, 20152023 (USD Million)
Table 5 Market for Microscopes, By Region, 20152023 (USD Million)
Table 6 Acoustic Microscopy Market for Accessories & Software, By Application, 20152023 (USD Million)
Table 7 Market for Accessories & Software, By Industry, 20152023 (USD Million)
Table 8 Market for Accessories & Software, By Region, 20152023 (USD Million)
Table 9 Acoustic Microscopy Market for Services, By Application, 20152023 (USD Million)
Table 10 Market for Services, By Industry, 20152023 (USD Million)
Table 11 Market for Services, By Region, 20152023 (USD Million)
Table 12 Market, By Application, 20152023 (USD Million)
Table 13 Market for Non-Destructive Testing Application, By Offering, 20152023 (USD Million)
Table 14 Market for Non-Destructive Testing Application, By Industry, 20152023 (USD Million)
Table 15 Market for Non-Destructive Testing Application, By Region, 20152023 (USD Million)
Table 16 Acoustic Microscopy Market for Failure Analysis Application, By Offering, 20152023 (USD Million)
Table 17 Market for Failure Analysis Application, By Industry, 20152023 (USD Million)
Table 18 Market for Failure Analysis Application, By Region, 20152023 (USD Million)
Table 19 Market for Product Reliability Testing/Quality Control Application, By Offering, 20152023 (USD Million)
Table 20 Market for Product Reliability Testing/Quality Control Application, By Industry, 20152023 (USD Million)
Table 21 Market for Product Reliability Testing/Quality Control Application, By Region, 20152023 (USD Million)
Table 22 Market for Other Applications, By Offering, 20152023 (USD Million)
Table 23 Market for Other Applications, By Industry, 20152023 (USD Million)
Table 24 Market for Other Applications, By Region, 20152023 (USD Million)
Table 25 Acoustic Microscopy Market, By Industry, 20152023 (USD Million)
Table 26 Market for Semiconductor Industry, By End-Use, 20152023 (USD Million)
Table 27 Market for Semiconductor Industry, By Offering, 20152023 (USD Million)
Table 28 Market for Semiconductor Industry, By Application, 20152023 (USD Million)
Table 29 Market for Semiconductor Industry, By Region, 20152023 (USD Million)
Table 30 Market for Life Science Industry, By End-Use, 20152023 (USD Million)
Table 31 Market for Life Science Industry, By Offering, 20152023 (USD Million)
Table 32 Market for Life Science Industry, By Application, 20152023 (USD Million)
Table 33 Market for Life Science Industry, By Region, 20152023 (USD Million)
Table 34 Market for Material Science Industry, By End-Use, 20152023 (USD Million)
Table 35 Market for Material Science Industry, By Offering, 20152023 (USD Million)
Table 36 Market for Material Science Industry, By Application, 20152023 (USD Million)
Table 37 Market for Material Science Industry, By Region, 20152023 (USD Million)
Table 38 Acoustic Microscopy Market for Nanotechnology Industry, By Offering, 20152023 (USD Million)
Table 39 Market for Nanotechnology Industry, By Application, 20152023 (USD Million)
Table 40 Market for Nanotechnology Industry, By Region, 20152023 (USD Million)
Table 41 Market for Other Industries, By Offering, 20152023 (USD Million)
Table 42 Market for Other Industries, By Application, 20152023 (USD Million)
Table 43 Market for Other Industries, By Region, 20152023 (USD Million)
Table 44 Market, By Region, 20152023 (USD Million)
Table 45 Market in North America, By Offering, 20152023 (USD Million)
Table 46 Market in North America, By Application, 20152023 (USD Million)
Table 47 Market in North America, By Industry, 20152023 (USD Million)
Table 48 Market in North America, By Country, 20152023 (USD Million)
Table 49 Acoustic Microscopy Market in Europe, By Offering, 20152023 (USD Million)
Table 50 Market in Europe, By Application, 20152023 (USD Million)
Table 51 Market in Europe, By Industry, 20152023 (USD Million)
Table 52 Market in Europe, By Country, 20152023 (USD Million)
Table 53 Market in Asia Pacific, By Offering, 20152023 (USD Million)
Table 54 Market in Asia Pacific, By Application, 20152023 (USD Million)
Table 55 Market in Asia Pacific, By Industry, 20152023 (USD Million)
Table 56 Market in Asia Pacific, By Country, 20152023 (USD Million)
Table 57 Market in RoW, By Offering, 20152023 (USD Million)
Table 58 Market in RoW, By Application, 20152023 (USD Million)
Table 59 Market in RoW, By Industry, 20152023 (USD Million)
Table 60 Market in RoW, By Region, 20152023 (USD Million)
Table 61 Market Ranking of Top 5 Players in the Acoustic Microscopy Market in 2016
List of Figures (51 Figures)
Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Market for Services Expected to Grow at Highest CAGR Between 2018 and 2023
Figure 6 Acoustic Microscope Market for Non-Destructive Testing Projected to Lead Market During Forecast Period
Figure 7 Market for Nanotechnology Industry Expected to Grow at Highest CAGR Between 2018 and 2023
Figure 8 North America Held Largest Share of Market in 2017
Figure 9 Increase in Demand for Acoustic Microscopy From Semiconductor and Nanotechnology Industries
Figure 10 China Accounted for the Largest Share of the APAC Market in 2017
Figure 11 Services Segment Held the Largest Market Size for Market in 2017
Figure 12 Non-Destructive Testing Application Segment is Expected to Lead the APAC Market Between 2018 and 2023
Figure 13 US Accounted for the Largest Share of the Market in 2017
Figure 14 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Value Chain Analysis
Figure 16 Market, By Offering
Figure 17 Market for Services is Expected to Account for the Largest Market Size Between 2018 and 2023
Figure 18 Shipment of Acoustic Microscopes, 2015-2023 (Thousand Unit)
Figure 19 The Microscopes Market for Nanotechnology Industry is Projected to Grow at the Highest CAGR Between 2018 and 2023
Figure 20 The Semiconductor Industry is Projected to Lead the Accessories & Software Market Between 2018 and 2023
Figure 21 The Services Market for Nanotechnology Industry is Projected to Grow at the Highest CAGR Between 2018 and 2023
Figure 22 Acoustic Microscopy Market, By Application
Figure 23 Non-Destructive Testing Application is Projected to Lead the Market Between 2018 and 2023
Figure 24 The Nanotechnology Industry of the Market for Non-Destructive Testing Application is Projected to Grow at the Highest CAGR Between 2018 and 2023
Figure 25 Material Science Industry is Projected to Lead the Market for Failure Analysis Application Between 2018 and 2023
Figure 26 Semiconductor Industry is Projected to Lead the Market for Product Reliability Testing/Quality Control Application Between 2018 and 2023
Figure 27 Nanotechnology Industry of the Market for Other Applications is Projected to Grow at the Highest CAGR Between 2018 and 2023
Figure 28 Acoustic Microscopy Market, By Industry
Figure 29 Semiconductor Industry is Projected to Lead the Market Between 2018 and 2023
Figure 30 Semiconductor Manufacturing is Projected to Lead the Market for Semiconductor Industry Between 2018 and 2023
Figure 31 Market for Semiconductor Industry in Asia Pacific is Projected to Grow at the Highest CAGR Between 2018 and 2023
Figure 32 Structural Biology is Projected to Lead the Market for Life Science Industry Between 2018 and 2023
Figure 33 Market for Life Science Industry in Asia Pacific is Projected to Grow at the Highest CAGR Between 2018 and 2023
Figure 34 Metallurgy is Projected to Lead the Market for Material Science Industry Between 2018 and 2023
Figure 35 Market for Material Science Industry in Asia Pacific is Projected to Grow at the Highest CAGR Between 2018 and 2023
Figure 36 Market for Nanotechnology Industry in Asia Pacific is Projected to Grow at the Highest CAGR Between 2018 and 2023
Figure 37 Market for Other Industries in Asia Pacific is Projected to Grow at the Highest CAGR Between 2018 and 2023
Figure 38 Market, By Region
Figure 39 The Acoustic Microscopy Market in India is Projected to Grow at the Highest CAGR Between 2018 and 2023
Figure 40 North America :Market Snapshot
Figure 41 Semiconductor Industry is Projected to Lead the Market in North America Between 2018 and 2023
Figure 42 The US is Projected to Lead the Market in North America Between 2018 and 2023
Figure 43 Europe :Market Snapshot
Figure 44 Semiconductor Industry is Projected to Lead the Market in Europe Between 2018 and 2023
Figure 45 Market in Germany is Expected to Grow at the Highest CAGR Between 2018 and 2023
Figure 46 Asia Pacific :Market Snapshot
Figure 47 Semiconductor Industry is Projected to Lead the Market in the Asia Pacific Region Between 2018 and 2023
Figure 48 Market in India is Expected to Grow at the Highest CAGR Between 2018 and 2023
Figure 49 Semiconductor Industry is Projected to Lead the Market in RoW Between 2018 and 2023
Figure 50 South America is Projected to Lead the Market in RoW Between 2018 and 2023
Figure 51 New Product Launches: Key Strategy Adopted By the Leading Players in the Market From 2014 to 2017
Growth opportunities and latent adjacency in Acoustic Microscopy Market