Use of Focused Ion Beam across Diverse Applications to Offer Promising Growth Opportunities for Players
Focused ion beam systems are being used extensively across the globe for around two decades, especially in nanofabrication and sample preparation. The setup of focused ion beam is a scientific instrument that is comparatively similar to a scanning electron microscope. The increasing use of focused ion beams in the field of nano machining is anticipated to encourage the growth of the global focused ion beam market in the next few years.
According to a research study by Transparency Market Research, in 2015, the global market for focused ion beam was worth US$300 mn. The market is anticipated to reach a value of US$528 mn by the end of 2024, exhibiting a healthy 6.80% CAGR between 2015 and 2024. Some of the questions addressed in the blog have been given below:
Which factors are anticipated to encourage the growth of the global focused ion beam market?
The global market for focused ion beam market is projected to witness progressive growth in the coming years, thanks to the expansion of the application base. The growing use of focused ion beam in the field of sample preparation and the rising demand for lithography are some of the vital factors likely to fuel the growth of the overall market in the next few years. Furthermore, the use of focused ion beam in equipment that is being used for failure analysis is expected to provide promising opportunities for key players operating in the overall market.
Which business strategies adopted by the leading players are anticipated to accelerate growth?
At present, the global focused ion beam market is highly consolidated in nature, owing to the presence of a few leading players holding a key share of the overall market. The growing focus of the leading players on research and development activities and the expansion of the application base are some of the key strategies are some of the major strategies that are anticipated to encourage the growth of the global market in the next few years. In addition, technological advancements and the growing focus on research and development activities are anticipated to accelerate the growth of the overall market in the near future.
Browse Press Release : http://www.transparencymarketresearch.com/pressrelease/focused-ion-beam-market.htm
Which regional segment is likely to witness strong growth in the next few years?
According to the research study, in 2015, Europe led the global focused ion beam market and is anticipated to remain in the leading position in the near few years. The high growth of this segment can be attributed to the rising demand and penetration of focused ion beam in the semiconductor industry. In addition, this region is expected to witness substantial growth in the coming years, thanks to its increasing use in the research and development institutions. Furthermore, North America is expected to account for a significant share in the global market and retain its second leading position in the near future.