Microscopy device: Key market research findings
- Growing scope of digitization and technological advancements
- Increasing adoption in automobile sector
Technavio has released a new market research report on the global microscopy devices market, which is expected to grow at a CAGR of around 8% between 2016 and 2020. Microscopy devices have the ability to magnify a sample object several hundred times. They can be used to visualize fine structures at the cellular level in biological processes. Optical microscopy devices especially stereo microscopes are the major revenue-contributors in this market. The Americas dominates the global microscopy device market, accounting for around 40% of the total market share, owing to the increase in usage of microscopes for various applications in countries like the US and Canada.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Vendors have come up with better-resolution microscopes and focused electron beam producing microscopes. They have started manufacturing miniaturized personal electronic products using micro-electro-mechanical systems and nanoelectromechanical systems for less power consumption. Moreover, the manufacturers are focusing on efficient production techniques that are consume less time and are cost-effective. Durability feature is the another feature that is gaining attraction among vendors for these devices,” says Amber Chourasia, Lead Analyst, Lab Automation and Health and Wellness, Technavio Research
Of late, the automobile sector is using electron microscopes such as SEMs to gain a better understanding of the materials that are used during the production process. SEMs are used to measure the quality of the steel in terms of strength and fracture resistance. Failure analysis and fractography are the other major applications of SEMs in the automotive sector. Also, the optical microscopes have extensive usage in automobiles as they provide quick results and are less expensive
The leading vendors in the global microscopy devices market are Bruker, FEI, JEOL, and Leica Microsystems. The market is characterized by the presence of diversified international and regional vendors. The competityion in this market is expected to intensify with the increase in product and service extensions, product innovations, and M&A. Moreover, international players will grow inorganically by acquiring regional or local players in the coming years.
A more detailed analysis is available in the Technavio report, Global Microscopy Devices Market 2016-2020
We can customize reports by other regions and specific segments upon request.
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