Albany, NY -- (SBWIRE) -- 09/11/2017 -- Ion beam technology is an advanced technique which is primarily used across materials science, semiconductor industry and also increasingly utilized in biological field for ablation and deposition of materials and for site specific analysis.

While the mainstream application of ion beam systems remains within the semiconductor industry, the usage of these instruments has expanded to other application areas such as geology, forensics, biology, pharmaceuticals, composites, ceramics, and metallurgy.

Moreover, new advancements are being constantly developed for nanotechnology and materials characterization. This vast range of applications is expected to provide the global ion beam technology market vast scope of development in the next few years.

Transparency Market Research estimates that the market will exhibit a promising CAGR of 7.2% from 2017 to 2025, rising from a valuation of US$367.0 mn in 2016 to US$679.1 mn by 2025.

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The report segments the key applications of the ion beam technology into frequency trimming of bulk acoustic wave (BAW) filter, surface trimming of surface acoustic wave (SAW) filter, thickness and pole width correction of thin film recording head, and coating of dielectric film.

Of these, the use of the ion beam technology for coating of dielectric films accounted for a significant share of 32% of the overall market in 2016 and is expected to continue to lead over the report's forecast period as well, exhibiting a promising 7.5% CAGR from 2017 to 2025.

The segments of frequency trimming of BAW filters and surface trimming of SAW filters, collectively holding a massive share in the market, are expected to witness healthy growth over the forecast period.

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In terms of geography, the global ion beam technology market is presently dominated by Asia Pacific. The regional market held a massive 46.2% of the overall market in 2016 and is expected to remain at the forefront of all future development of the global market over the next few years. Growth of the Asia Pacific market will be attributed chiefly to the extensive research and development activities witnessed in the field of ion beam technology with the view of overcoming its limitations.

North America, the second-leading contributor of revenue to the global market in 2016, is expected to benefit from the rapid technological advancements in the field of consumer electronics.

Some of the leading players operating in the global ion beam technology market are Veeco Instruments Inc. (New York), Scia Systems GmbH (Germany), Hitachi High-Technologies Corporation (Japan), and Canon Anelva Corporation (Japan).