The global focused ion beam market is likely to display expeditious growth rate in the years ahead. Focused ion beam systems initially used in the microelectronics sector are increasingly finding diverse applications.
Albany, NY -- (SBWIRE) -- 05/02/2018 -- Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled "Focused Ion Beam Market - Global Industry Analysis Size Share Growth Trends and Forecast 2017 - 2024" offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global Focused Ion Beam Market have been elaborated upon in the research report.
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The global focused ion beam market is likely to display expeditious growth rate in the years ahead. Focused ion beam systems initially used in the microelectronics sector are increasingly finding diverse applications. Material science and medical science are newer fields exhibiting an explosion of demand for focused ion beam systems.
Extensive use of focused ion beam to understand reasons of failure of equipment in embedded and semiconductor industries is a key factor boosting the focused ion beam market.
On the downside, high cost factor of focused ion beam has severely hampered the rate of adoption of these system for fault detection. The high cost factor is inhibiting the penetration of FIB in developing economies of Asia Pacific and Latin America. Considering a host of positive factors, the global focused ion beam market is likely to clock a CAGR of 7.1% between 2017 and 2024.
Gallium Ion Source Segment to Remain Lucrative
The global market for focused ion beam is segmented in terms of ion source, application, and geography. Depending upon ion source, gallium, gold, iridium, and others are the segments into which the global focused ion beam market is divided. Among them, gallium is the most attractive segment due to its favorable physical properties. Moreover, gallium ions are sufficiently heavy for the purpose of ion milling and possess favorable electrical and mechanical properties.
Iridium segment exhibits the second-leading demand in the focused ion beam market. The segment is anticipated to hold 16.9% share of the overall market through 2024.
In terms of application, sample preparation, others, and nanofabrication are the segments into which the focused ion beam market is divided. The segment of sample preparation finds the leading demand thereby holding the leading share vis-à-vis revenue in the global focused ion beam market. Sample preparation segment is predicted to be valued at US$328.3 million by 2024.
Nanofabrication follows sample preparation in the global focused ion beam market. This is because focused ion beam technology is increasingly becoming popular for the fabrication of nano scale structures for different applications. Focused ion beam technology complements the entire nanofabrication process by serving to provide various masking techniques or direct patterning.
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Others application segment of focused ion beam market includes biological science. Over the last decade, focused ion beam technology is increasingly finding application in biological sciences.
High Concentration of Semiconductors Manufacturers to Make Asia Pacific Significant
On the basis of geography, this market has been classified into North America, Rest of the World, Asia Pacific, and Europe. Of them, powered by the U.S., North America holds prominence in the global focused ion beam market. This is because of extensive use of focused ion beam in the semiconductors industry. Rising application of focused ion beam in research and astronomy is further boosting the growth of North America focused ion beam market. Furthermore, technological advancements have expanded applications of focused ion beam such as in material science and biological science.
Europe is a key market for focused ion beam. The growth of this market is largely driven by high penetration of focused ion beam based microscopes in material sciences. Rising adoption of focused ion beam in ion beam lithography is also serving to propel the Europe focused ion beam market.
Meanwhile, Asia Pacific is anticipated to emerge as a significant market on the back of high concentration of semiconductors manufacturers in emerging economies of the region.
Some companies in the focused ion beam market are Hitachi High Technologies Corp., Fibics Incorporated, Carl Zeiss AG, FEI, Evans Analytical Group, and JEOL Ltd.
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