Market Analysis
The global acoustic microscope market is likely to achieve a market value of USD 1 billion by 2023 expanding at a CAGR of 9% during the review period 2018-2023. The most important elements affecting the expansion of the acoustic microscope market 2020 are the rising requirement for nanotechnology and micro for research and development. Acoustic microscopes have a broad application scope in the field of microelectronics and medicine. Moreover, government support and its investments in research and development activities and expanding modernization in the microscope technology result in the adoption of the acoustic microscope. But, a higher amount of investment acts as an obstacle in the market expansion of acoustic microscopes.
The application of acoustic microscope results in a deeper analysis of the sample and makes the situation more favorable for discovery which results in the remedies of new diseases to make everyday life more convenient, safer and healthier. Today this technology is also called scanning acoustic microscope (SAM) with more modern function and improved results.
In the field of medicine, an acoustic microscope is useful for studying heart diseases, cell structures, arterial problems, and lymph nodes which needs augmentation of nano-level cell images. In the microelectronic industry, the acoustic microscope is utilized to find damaged products in the compound underfill voids, delamination detection, production process, and die cracks among others. The scanning acoustic microscope is broadly used to analyze the quality of integrated circuits (IC). This is performed by utilizing ultrasonic scanning of electronic parts on a micro level to find damages. Hence, the medical and semiconductor industry is estimated to have a greater requirement of an acoustic microscope and thereby affecting the expansion of the market in these industries.
The biggest hurdle faced by the acoustic microscope market is the scarcity of availability of skilled personnel to regulate the acoustic microscope effectively. This hurdle can be overcome by conducting training sessions to train the inexperienced personnel.
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Global market for Acoustic Microscope Segmentation
On the basis of type, the market is classified into confocal scanning acoustic microscope (CSAM), scanning acoustic microscope (SAM), scanning laser acoustic microscope (SLAM), and C-mode scanning acoustic microscope.
On the basis of application, the market is divided into failure analysis, quality control/ product reliability testing, non-destructive testing, and others (fabricate detection and development validation).
On the basis of industry, the market is classified into automotive, medical, material science, semiconductor electronics, and life science, among others.
On the basis of region, the market is classified into Europe, Asia-Pacific, North America, and the Rest of the World.
Regional Analysis
The global market for the acoustic microscope is likely to expand at a considerable rate while the review tenure from 2018 to 2023. The geographical study of the acoustic microscope market is performed for Europe, Asia-Pacific, North America, and the Rest of the World.
North America is estimated to lead the market of acoustic microscope owing to rising government funding in research and development for which acoustic microscopes are demanded. Additionally, there is advancement in the medical field in the North America region which is estimated to add to the adoption of an acoustic microscope.
Asia-Pacific is estimated to be the fastest expanding market for acoustic microscopes owing to a great number of electronics and semiconductor enterprises established in this region which uses an acoustic microscope for decline analysis and quality control.
Key Players
The major competitors in the market of the acoustic microscope are Applied Materials, Inc. (US), Bruker Optics Inc. (US), Nikon Corporation (Japan), Carl Zeiss (Germany), Danaher Corporation (UK), Hitachi High Technologies Corporation (Japan), FEI Co. (US), JEOL Ltd. (Japan), Leica Microsystems (Germany) and Olympus Corporation (Japan) among others
