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World Focused Ion Beam Market Valued at $820 Million in 2019 is Projected to Reach $1.185 Billion by 2024 - ResearchAndMarkets.com

November 11, 2019

DUBLIN--(BUSINESS WIRE)--Nov 11, 2019--

The “Focused Ion Beam Market by Ion Source (Ga+ Liquid Metal, Plasma), Application (Failure Analysis, Nanofabrication), Vertical (Electronics & Semiconductor, Industrial Science, Material Science, Bioscience), and Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The focused ion beam market is projected to grow from USD 820 million in 2019 to USD 1,185 million by 2024; it is expected to grow at a CAGR of 7.6% from 2019 to 2024.

Key factors fueling the growth of this market include a rise in demand for failure analysis in the electronics & semiconductor industry and increase in demand for ion beam lithography process using focused ion beam systems for producing patterns across the surface of samples.

The Ga+ liquid metal segment of the focused ion beam market is projected to grow at the highest CAGR during the forecast period

Among ion sources, the Ga+ liquid metal segment is projected to lead the focused ion beam market from 2019 to 2024. Ga+ liquid metal ion source is the widely used one by end-users as it offers small size ion beam (5nm), requires small emission area, offers high brightness (>106 A/cm-sr), has low melting pressure (29.8), provides focusable beam with high current density, has low vapor pressure, etc. Furthermore, Ga+ liquid metal focused ion beam systems are used in the electronics & semiconductor vertical for failure analysis, TEM sample preparation, IC repair and modification, nanofabrication, and ion microscopy applications. These systems are used to design and develop fine patterns and detailed structures over the stretched regions of samples that otherwise are time-consuming.

The failure analysis segment of the market is projected to grow at the highest CAGR during the forecast period

Among applications, the failure analysis segment of the focused ion beam market is projected to grow at the highest CAGR from 2019 to 2024. The growth of the failure analysis segment of the market can be attributed to the increased use of focused ion beam systems for carrying out failure analysis of components or devices to recognize the cause leading to their failure during their manufacturing process. Manufacturers use focused ion beam systems to test and analyze the performance of different components or devices, thereby leading to an increased demand for these systems from the electronics & semiconductor vertical.

The electronics & semiconductor segment held the largest share of the focused ion beam market from 2019 to 2024

Among verticals, the electronics & semiconductor segment accounted for the largest share of the focused ion beam market in 2019. The growth of this segment can be attributed to the increasing consumer demand for fast, compact, pocket-friendly, and highly power-efficient portable devices. As the size of electronic components shrinks, it affects their reliability and performance. Focused ion beam systems are required to analyze the performance of these components.

North America is expected to hold the largest share of the focused ion beam market in 2024

North America is expected to hold the largest share of the focused ion beam market in 2024. Technological advancements in the electronics & semiconductor vertical, new product launch undertaken by leading players in the focused ion beam ecosystem, and increased adoption of focused ion beam systems in numerous universities and research institutes, are expected to fuel the growth of the market in North America. The market in the US is expected to experience the highest traction during the forecast period as a significant number of organizations based in the country are involved in the manufacturing of focused ion beam systems.

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For more information about this report visit https://www.researchandmarkets.com/r/q1zyju

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PUB: 11/11/2019 01:59 PM/DISC: 11/11/2019 01:59 PM

http://www.businesswire.com/news/home/20191111005582/en