The ion milling system market is likely to grow from USD 1.5 billion in 2019 to USD 2.3 billion by 2024, at a CAGR of 8.5%
Ion milling system market to grow at CAGR of 8.5% from 2019 to 2024
NEW YORK, Sept. 16, 2019 /PRNewswire/ -- The ion milling system market is likely to grow from USD 1.5 billion in 2019 to USD 2.3 billion by 2024, at a CAGR of 8.5%. The growth of this market is driven mainly by factors such as growing demand for high-end microscopy systems in various applications and technological advancements in microscopes. Increasing demand from emerging economies is expected to create significant growth opportunities for players in the ion milling system market during the forecast period. However, high maintenance cost restrains the growth of the market.
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SEM electron microscopy type to hold a significant share of the ion milling system market by 2024
High demand for SEM electron microscopy type in various applications provides opportunities for the growth of the ion milling system market.SEM is one of the most widely used techniques in materials research laboratories to reveal information about samples under observation regarding external morphology, topography, surface features, and orientation.
Hence, increasing demand for SEM in various applications for multiple purposes is expected to provide ample opportunities for the ion milling system market.
Semiconductor manufacturing to hold a significant share of the ion milling system market by 2024
The ion milling system market for semiconductor manufacturing accounted for the largest share in 2018.In semiconductor manufacturing, metrology and inspection are essential for seamless management during the manufacturing process.
TEM is one of the important technologies deployed in semiconductor manufacturing.It is expected to play a vital role in the development of this sector in the future due to its high-resolution analytical abilities.
Hence, the growing demand for various electron microscopy techniques is expected to increase the demand for ion milling system in the coming years.
APAC to be the largest shareholder in ion milling system market by 2024
APAC is expected to hold the largest share of the ion milling system market during the forecast period.APAC leads the ion milling system market due to the dynamic changes in terms of receptiveness toward new technologies and advancements in various industry organizations.
This region has become a global focal point for major investments and business expansion opportunities.
Breakdown of the profiles of primary participants:
• By Company Type: Tier 1 = 23%, Tier 2 = 35%, and Tier 3 = 42%
• By Designation: C-Level Executives = 20%, Directors = 35%, and Others = 45%
• By Region: North America = 41%, Europe = 22%, APAC = 31%, and RoW = 6%
Key players profiled in this report are as follows:
• Veeco Instruments Inc. (US)
• Leica Microsystems GmbH (Germany)
• Hitachi High-Technologies Corporation (Japan)
• Gatan, Inc. (US)
• Intlvac Thin Film Corporation (US)
• AJA International Inc. (US)
• Nano-Master, Inc. (US)
• Nordiko Technical Services Ltd. (UK)
• scia Systems GmbH (Germany)
• Technoorg Linda Co. Ltd. (Hungary)
Research Coverage
This report offers detailed insights into the ion milling system market, segmented based on product type, electron microscopy type, sample material, application, and region.Based on product type, the market is segmented into cross-section milling and flat surface milling.
Based on electron microscopy type, the market is segmented into SEM, TEM, and FIB.Based on sample material, the market is segmented into metals, ceramics, composites, polymers, and other materials.
Based on application, the market is segmented into forensic laboratories, geological institutes, semiconductor manufacturing, medical research institutes, food analysis, and others. The study also forecasts the size of the market segmented based on region—North America, Europe, APAC, and RoW.
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