The scanning electron microscope market in the U.S. will expand at 6.2% CAGR in the forthcoming years. Increasing R&D funding to boost research activities in the region will primarily drive high adoption of SEMs. For example, the financial budget in the U.S. sanctioned nearly US$134 billion in R&D funding in 2020. Technological advancements in developing microscopes with high integration and resolution power have spurred the demand for scanning electron microscopes (SEM). These microscopes are primarily utilized for quality control, failure analysis and research in material sciences. These capabilities make them useful in sectors like forensic sciences and semiconductors, resulting in increased production of low-cost materials.
Growing research and development expenses in the semiconductor and life science sectors in developed countries will bring lucrative growth potentials to the scanning electron microscope market. For example, the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act has funded nearly US$3 billion to National Science Foundation in the United States. With the private sector funding of US$3 billion for over 10 years, it has also established a National Semiconductor Technology Center for development and research.
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The conventional scanning electron microscope segment will experience a CAGR of 6.5% up to 2027. Technological advancements along with improved features in the conventional microscopes will make it favorable in electrochemical engineering. The application of the product in the field provides informative data for characterizing nanostructures such as grains, fractures, corrosion, and grain boundaries. This further enables detailed sample analysis and eases the process for scientists and researchers.
Research and development investments in life science and semiconductor industries have boosted the scanning electron microscope market growth. To support this statement with an instance, Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act funded over USD 3 billion to NSF in the United States. The National Semiconductor Technology Center was created for research and development with the financial assistance of USD 3 billion for over a decade. The COVID-19 pandemic has also accelerated the process of developing advanced equipment that delivers effective therapeutic treatment. These aforementioned factors will significantly contribute to the proliferation of the market.
When it comes to types of microscopes, Conventional SEMs will experience a commendable rise in demand. In fact, the segment is set to record a CAGR of 6.5% in the coming years. The growth is attributed to the developments in conventional microscopes which further provide enhanced features. It helps in characterizing nanostructures like fractures, grain boundaries, corrosion and grains, further helping in detailed sample studies and simplifying processes. Even though conventional scanning electron microscopes carry so many benefits, their higher cost may hamper the demand in the near future.
Some of the major players of the scanning electron microscope market are Hitachi High-Tech, FEI, Carl Zeiss, JEOL Ltd. among others. Many key manufacturers are devising strategies with collaborations and partnerships for strengthening their market position. JEOL Ltd. launched their new SEM, the JSM-IT700HR in August 2020. These product announcements help these players in expanding their business operations across the world.
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Partial Chapter of the Table of Content
Chapter 4 Scanning Electron Microscope Market, By Type
4.1 Key segment trends
4.2.1 Market size, by region, 2016-2027 (USD Million)
4.3.1 Market size, by region, 2016-2027 (USD Million)
Chapter 5 Scanning Electron Microscope Market, By End-use
5.1 Key segment trends
5.2.1 Market size, by region, 2016-2027 (USD Million)
5.3 Life Sciences
5.3.1 Market size, by region, 2016-2027 (USD Million)
5.4 Material Sciences
5.4.1 Market size, by region, 2016-2027 (USD Million)
5.5 Semiconductor Research
5.5.1 Market size, by region, 2016-2027 (USD Million)
5.6.1 Scanning Electron Microscope Market size, by region, 2016-2027 (USD Million)
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