Electron Microscope Market

Increasing application and rise in demand for root cause failure analysis are driving the market growth

Many applications and a rising need for technologically superior magnification equipment drive the market's expansion. The microscope industry can only function with magnification and visualization equipment. In the upcoming years, technical developments in capabilities, such as faster processing and effective sample preparation procedures, will raise the demand for electron microscopes. 

The fusion of recent breakthroughs with display modalities to improve high-definition and 3-dimensional visuals will fuel demand from several application segments. The California NanoSystems Institute recently developed a cutting-edge technique for spotting cancer cells by combining a microscope with artificial intelligence (A.I.). This device is claimed to be more efficient than other commercially available solutions.

Whereas rising demand for root-cause failure analysis is one of the key factors driving the growth of the electron microscope market. Printed circuit boards (PCBs) and embedded systems have become more sophisticated to produce as a result of technological developments in the global semiconductor business (PCBs). Chip and board manufacturers and designers are developing high-density solutions to support high-end applications. 

Businesses can boost production and efficiency by identifying the primary causes of a product's failure and implementing solutions. Root-cause failure analysis is also used in the 3D construction of biological structures like proteins and viruses and in the industrial and automotive industries. The demand for these applications is expected to persist, increasing the demand for scanning probe microscopes. 

The demand for microscopes that enable end users to observe a magnified version of the cells and other components under study has increased due to the necessity to perform biological and biotechnological research. Also, manufacturers have chosen transmission electron microscopes due to the growing demand for microscopes with advanced technology (TEM).

The Global Electron Microscope Market Industry is experiencing a surge in demand for advanced imaging techniques across various sectors, including materials science, biology, and nanotechnology. This demand is driven by the need for high-resolution imaging capabilities that can provide detailed insights into material structures and biological specimens. As industries increasingly adopt electron microscopy for research and development, the market is projected to reach 5.13 USD Billion in 2024. This growth reflects the critical role that electron microscopes play in advancing scientific knowledge and technological innovation.

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. Asia Pacific electron microscope market accounted for USD 0.6 billion in 2022. The market is expected to exhibit significant CAGR growth during the forecast period. The primary driver of the market expansion in this Region is the rapid increase seen in various application sectors, such as semiconductors, autos, medicines, and nanotechnology, which will lead to the growth of the market value.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, Africa, the Middle East, and Latin America. 

Figure 3: ELECTRON MICROSCOPE MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

With a revenue share of more than 34%, North America microscope market was the second-largest regional market in 2022. The expansion was attributed to the presence of academic and research institutions and the substantial volume of clinical trials conducted in the area. 

The innovation system in North American nations includes research-based activities in the pharmaceutical, biotechnology, and life sciences sectors. This is anticipated to increase demand for SEMs in the area over the projected period. Further, the US electron microscope market held the largest market share, and the Canada electron microscope market was the fastest-growing market in the Region.

Europe's electron microscope market accounts for a significant market share. The rapid growth in several application sectors, including semiconductors, automobiles, drugs, and nanotechnology, is the main factor driving market expansion in this region and will raise market value. Further, the German electron microscope market held the largest market share, and the U.K. electron microscope market was the fastest-growing market in the European Region.

Leading market players spend a lot of money on R&D to diversify their product lines, increasing the electron microscopes industry. Participants in the market engage in strategic actions such as the launch of new goods, contractual agreements, mergers and acquisitions, market developments, increased investments, and collaborations with other businesses to increase their worldwide footprint and respond to key industry trends. Competitors in the electron microscopes industry must offer products at reasonable prices if they want to develop and succeed.

Local production to reduce operational costs is one of the primary business strategies used by electron microscope makers to satisfy consumers and grow the electron microscopes industry. The major electron microscope markets players, such as Leica Microsystems, Thermo Fisher Scientific, Agilent Technologies, Carl Zeiss International, and others, are working on expanding the market demand by investing in research and development activities.

An American company called Thermo Fisher sells scientific equipment, reagents and supplies, and software services. Thermo Fisher, headquartered in Waltham, Massachusetts, was created in 2006 by the union of Thermo Electron and Fisher Scientific. Several reagent, consumable, instrument, and service suppliers have been purchased by Thermo Fisher Scientific, including Life Technologies Corporation (2013), Alfa Aesar (2015), Affymetrix (2016), FEI Company (2016), B.D. Advanced Bioprocessing (2018), and PPD (2021). Thermo Fisher, an American seller of scientific equipment, announced in December 2021 that it would buy PPD, Inc. for USD 17.4 billion. 

Thermo Fisher will be able to offer a full range of top-notch clinical development services following its acquisition of PPD, including managing clinical trial logistics, drug development, and manufacturing. These services will range from scientific discovery to analysis of safety, healthcare outcomes, and efficacy.

The American company Bruker Corporation produces scientific equipment for industrial and applied analysis and molecular and materials research. The publicly listed parent company of the Bruker Scientific Instruments (Bruker AXS, Bruker BioSpin, Bruker Daltonics, and Bruker Optics) and Bruker Energy & Supercon Technologies (BEST) divisions, it has its headquarters in Billerica, Massachusetts. 

A leading American producer of scientific equipment, Bruker, disclosed significant developments in highly multiplexed spatial proteomics and multi-omic tissue imaging in June 2022. A strategic alliance between Bruker and AmberGen made significant improvements for MALDI HiPLEX-IHC imaging with mass spectrometry.