LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global transmission electron microscope market to post a CAGR of over 7% during the forecast period, 2018-2022. The development of new forms of transmission electron microscopes to emerge as a key trend that will impact market growth.
Since transmission electron microscopes can present the 2D images of specimens, there is a limit to the size of the specimen that needs to be viewed. Newer models of transmission electron microscopes combine the features of both transmission electron microscopes and scanning electron microscopes. For instance, Nion, a refurbishing vendor in the electron microscope market, manufactures second-generation spherical aberration correctors for transmission electron microscopes. Such developments augur well for the growth of the market.
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In this report, Technavio analysts highlight the increasing focus on nanotechnology as a key factor contributing to the growth of the global transmission electron microscope market:
Increasing focus on nanotechnology
Nanotechnology involves working with materials of various sizes, ranging from 1 to 100 nanometers. Developments in the field of nanotechnology have made transmission electron microscopes and scanning electron microscopes a necessity. These microscopes undertake the analysis of materials at atomic and molecular levels to determine structure and texture properties.
Governments across the world along with several technology firms are investing heavily in the development of nanotechnology due to its rising applications across sectors such as food, medicine, biomaterials, electronics, and microfabrication. Developed nations, such as the US, are focusing on nanotechnology development through its NNI program. Since the inception of the program in 2001, the nation has cumulatively invested more than USD 24 billion in research and development of nanotechnology for varied applications. The US government pledged USD 1.4 billion for the NNI program to support innovations and development in the field of nanotechnology in 2017.
According to a senior analyst at Technavio for computing devices research, “The increasing focus on nanotechnology for testing and analysis will lead to a worldwide increase in demand for transmission electron microscopes during the forecast period.”
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Global transmission electron microscope market - segmentation and analysis
This market research report segments the global transmission electron microscope market by application (material science, life science, nanotechnology, semiconductor), by end-user (industries, academic institutions, and others), and key regions (the Americas, APAC, and EMEA).
The industries segment dominated the global transmission electron microscope market with 47% of the market share in 2017, owing to rising investments in R&D centers to develop better grade products. The others segment held the second largest share of the market due to the increase in government investments in countries such as the US and China to undertake various types of research across several fields.
In 2017, APAC dominated the global transmission electron microscope market with 57% of the market share, followed by the Americas and EMEA. APAC will register the strongest growth during the forecast period, owing to the concentration of many manufacturing and R&D facilities in the region. The increasing R&D in the semiconductor industry in the region will drive the market growth during the forecast period.
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