Failure Analysis Equipment Market to Grow at 13.52 billion by 2027: COVID Impact & Post COVID Analysis, Business Opportunities, and Strategies

 

Failure analysis equipment is a type of data collection and analysis device that interprets elements of a failing system to determine why it isn't performing its intended purpose. It analyses the implications of failure using systematic reasoning and produces an engineering solution to remove future problems and prevent recurrence of failure. This equipment is widely used in the oil and gas industry to prevent machine failures and accidents, as well as to improve the performance of current machinery. The use of this device in the fields of material sciences, wireless communication, and electronics manufacturing saves maintenance costs and wastes precious materials production. It is high-quality, dependable maintenance equipment that detects assembly flaws, inappropriate maintenance, and casting discontinuities, among other things, resulting in increased productivity. Furthermore,  the incorporation of IoT provides predictive maintenance solutions by identifying the root cause of failure, hence improving product quality standards in the market.

By the end of 2027, the global failure analysis equipment market is expected to be worth US$ 13.52 billion.

 Due to reduced end-market demand, a substantial portion of the electronics market faces the problem of balancing the demand-supply chain in response to the COVID-19 issue globally.

Furthermore, due to the expansion of quarantine orders in key economies to reduce the impact of the coronavirus, production of electronic components such as failure analysis equipment and backup systems have come to a halt.

The market is being driven by an increase in knowledge about a quality inspection to avoid unexpected financial implications and an increase in demand for intricate circuit design of semiconductors for small transistor chips, quantum dots, and nanoelectronics. However, the exorbitant cost of this technology, as well as uncertainty about its effectiveness tends to stifle the use of failure analysis equipment.

For structural and chemical examination of polymers, alloys, and ceramics, rapid growth in nanotechnology, and adoption of failure analysis tools such as an optical microscope is used. For mineralogical analysis of geological and archaeological samples, ongoing innovation is developing super-resolution microscopes, correlated light, and electron microscopes.

CARL Zeiss SMT GmbH, a ZEISS semiconductor manufacturing technology business group that produces equipment for microchip development, introduced Zeiss Crossbeam Laser, a family of site-specific focused ion beam scanning electron microscopes that accelerate package failure analysis and process optimization for advanced semiconductor packages, in February 2020.