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The global microscope market size was valued at USD 10.3 billion in 2021 and is expected to reach USD 20.4 billion by 2030, expanding at a CAGR of 7.97% over the forecast period.
The growing application scope and high demand for technologically advanced magnification devices are the factors driving the market. High demand from the healthcare sector and the rapidly growing semiconductor industry are also among the key factors boosting the market growth. Moreover, the establishment of microscopy to promote research activities is contributing to the increasing product demand.
Gather more insights about the market drivers, restrains and growth of the Global Microscope Market
The development of technically advanced products with capabilities, such as faster performance and easy sample preparation techniques, are expected to boost the penetration of microscopes in the market. Furthermore, technical advancements to integrate with display modalities for high definition and 3-dimensional images are expected to boost the demand during the forecast period. The integration of advanced technologies, such as the internet of things (IoT), deep learning, and Extended Ultraviolet Lithography (EUVL) is contributing to the growth of the industry.
IoT generates demand for memory, connectivity, sensors, and microcontrollers, using the neural networks for analyzing data to improve the manufacturing of Integrated Circuits (ICs), and EUVL contributes to high-end computing chip manufacturing. Electron microscopy provides high-resolution imaging and enables a wide evaluation range from packaged devices to the atomic level gate structure. Electron beam-based systems have applications in analyzing device failure sources to improve the manufacturing process. Increasing focus on R&D for applications, such as neuroscience, life sciences, nanotechnology, and semi-conductor, is expected to increase the adoption rate of microscopes.
These microscopes provide high image resolution, which is necessarily required while investigating cell signaling pathways and studying cancer cell proliferation. In addition, scanning probe microscopes are not dependent on the wavelength of the light source for magnification, which makes them suitable for gas & liquid environments and enables viewing of both insulator and conductor specimens. In addition, the manufacturing industries, such as microelectronics, automotive, aerospace, and medical device manufacturers utilize these instruments to monitor the entire production process, enhance the output & quality, and reduce costs. The introduction of novel techniques, such as piezoelectric techniques, to view the specimen accurately at standard temperature and pressure is expected to drive the market during the forecast period.
Based on the Product Insights, the market is segmented into Optical Microscopes and Electron Microscopes.
Based on the Application Insights, the market is segmented into Material Science, Nanotechnology, Life Science, Semiconductors and Other Applications.
Based on the Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
The market is highly fragmented with the presence of many local players competing with international players. Major players implement the strategies, such as mergers, acquisitions, and liaisons, to expand their market share.
Some of the prominent players in the global microscope market include:
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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