Analytical Microscope Manufacturers Detect Growth Opportunities in Developing Software-based Systems
Digital, automated and software-based systems will drive transformational growth, finds Frost & Sullivan
MOUNTAIN VIEW, Calif., April 14, 2016 /PRNewswire/ -- Currently, digital microscopy and scanning electron microscopy are on a path to a number of transformative opportunities. In some cases, to obtain these opportunities a combination of these microscope technologies will prove to be most effective. For example, added collaboration of optical, digital and scanning electron microscopes are highly anticipated for the future of the industry. Amid all of this transformation, the microscopy market will demand a degree of innovation to unite these technologies while also discovering a way to produce increasingly flexible microscope systems and configurations than the industry has today.
New analysis from Frost & Sullivan, Strategic Analysis of the Global Analytical Microscopes Market (http://www.frost.com/k00a), finds that the market earned revenues of $3.83 billion in 2015 and expects this to reach $5.44 billion in 2020, at a compound annual growth rate of 7.3 percent.
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Operators of conventional microscopes currently need expert training on illumination, contrast and digital imaging techniques to acquire optimal images. Therefore, there is a large market for highly advanced analytical microscopes that can significantly lower the complexity of the testing process and provide immediate access to the test results.
"New opportunities will emerge from digital microscopy and scanning electron microscopy," observed Frost & Sullivan Measurement & Instrumentation Industry Analyst Mariano Kimbara. "In some cases, OEMs will have to innovate to offer a blend of optical, digital and scanning electron microscopes."
Other key end-user requirements include a high degree of software automated workflow, modularity and flexibility to customize optical solutions. There is also a demand for systems that aid the measurement of metal parts and large-sized components using specific software modules.
OEMs' primary focus will be on improving the capabilities and processing power of their products. Furthermore, there is a strong need to create software that will be interoperable with the hardware of various manufacturers, prompting a shift in product development from purely hardware-based systems to systems that are increasingly incorporating software.
Other important technology trends include the miniaturization of components, which translates to a requirement for microscopes that can make visible nano-level details. Expectedly, there are considerable opportunities in the end-user markets of life sciences and automotive.
"Companies are looking to make the most of the enthusiastic customer buying behavior by selling optical components separately," noted Kimbara. "The most successful companies will be the ones that can deliver customized microscopy solutions and superior customer support to meet a variety of end-user needs."
Strategic Analysis of the Global Analytical Microscopes Market is part of the Test & Measurement (http://ww2.frost.com/research/industry/measurement-instrumentation/test-measurement) Growth Partnership Service program. Frost & Sullivan's related studies include: Analysis of the Global Analytical X-ray Instrumentation Market, Global Analytical Instrumentation Market for Food Testing, Analysis of the US LIMS Market, World Process Analytical Instrumentation market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Strategic Analysis of the Global Analytical Microscopes Market
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SOURCE Frost & Sullivan
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