DUBLIN--(BUSINESS WIRE)--The "Ion Milling System Market by Electron Microscopy Type (SEM, TEM, FIB), Sample Material, Application (Semiconductor Manufacturing, Geological Institutes, Medical Research Institutes), and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The ion milling system market was valued at USD 1.36 billion in 2018 and is projected to reach USD 2.27 billion by 2024; it is expected to grow at a CAGR of 8.5% during 2019-2024.
The growth of this market is driven mainly by factors such as growing demand for high-end microscopy systems in various applications and technological advancements in microscopes. Increasing demand from emerging economies is expected to create significant growth opportunities for players in the ion milling system market during the forecast period. However, high maintenance cost restrains the growth of the market.
Veeco Instruments Inc. (US), Leica Microsystems Gmbh (Germany), Hitachi High-Technologies Corporation (Japan), Gatan, Inc. (US), Intlvac Thin Film Corporation (US), AJA International Inc. (US), Nano-Master, Inc. (US), Nordiko Technical Services Ltd. (UK), scia Systems GmbH (Germany), and Technoorg Linda co. ltd. (Hungary) are among the major players operating in the ion milling system market.
SEM electron microscopy type to hold a significant share of the ion milling system market by 2024
High demand for SEM electron microscopy type in various applications provides opportunities for the growth of the ion milling system market. SEM is one of the most widely used techniques in materials research laboratories to reveal information about samples under observation regarding external morphology, topography, surface features, and orientation. Hence, increasing demand for SEM in various applications for multiple purposes is expected to provide ample opportunities for the ion milling system market.
Semiconductor manufacturing to hold a significant share of the ion milling system market by 2024
The ion milling system market for semiconductor manufacturing accounted for the largest share in 2018. In semiconductor manufacturing, metrology and inspection are essential for seamless management during the manufacturing process. TEM is one of the important technologies deployed in semiconductor manufacturing. It is expected to play a vital role in the development of this sector in the future due to its high-resolution analytical abilities. Hence, the growing demand for various electron microscopy techniques is expected to increase the demand for ion milling system in the coming years.
APAC to be the largest shareholder in ion milling system market by 2024
APAC is expected to hold the largest share of the ion milling system market during the forecast period. APAC leads the ion milling system market due to the dynamic changes in terms of receptiveness toward new technologies and advancements in various industry organizations. This region has become a global focal point for major investments and business expansion opportunities.
- Growing Demand for High-End Microscopy Systems in Various Applications
- Technological Advancements in Microscopes
- High Maintenance Cost
- Increasing Demand in Emerging Market in Developing Countries
- Complex Operating Procedures
- 4wave Inc.
- AJA International Inc.
- Eden Instruments SAS
- Gatan Inc.
- Hitachi High-Technologies Corporation
- Intlvac Thin Film Corporation
- Leica Microsystems GmbH
- Microfab Inc.
- Nano-Master Inc.
- Nordiko Technical Services Ltd.
- Oxford Instruments PLC
- SCIA Systems GmbH
- Scientific Vacuum Systems Ltd.
- Technoorg Linda Co. Ltd.
- Veeco Instruments Inc.
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