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Jan-2022

Global Scanning Electron Microscopes Market Is Expected To Grow USD 6.82 Bn By 2026

Regions studied under this global market report are North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

As per our research report, the global scanning electron microscopes market size is predicted to be growing at a CAGR of 9.12% from 2021 to 2026 and worth USD 6.82 billion by 2026.

The COVID-19 pandemic has overwhelmed the healthcare system around the world, causing an economic downturn. The World Health Organization (WHO) has reported millions of people were affected by the COVID-19 pandemic, prioritizing the need for vaccinations to control the rate of infection. The COVID-19 outbreak also influences the demand for SEM during the projection period. Various factors like better R&D activities, the growing prevalence of infectious diseases, and the increasing need for detailed studies about micro-organisms will witness substantial adoption in the coming years. Advanced SEM provides fast analysis, compact size, and efficient results with higher resolution and 3D images. All these factors are anticipated to increase SEM sales. So, the scanning electron microscope market is expected to grow steadily in the future.

The growing specialization in nanotechnology and significant demand for product miniaturization, including improving consumer demand for smaller and more powerful devices at lower prices, has increased the adoption of nanotechnology in various industries. Scanning electron microscopy is used to examine morphology and surface properties concerning topography, qualitative analysis, among others, is estimated to drive the market. Also, improvements in resolving power and features like connectivity of other devices like energy-dispersive X-ray spectrometers are anticipated to drive the market growth over the forecast period. So, technological advancements in SEM are expected to significantly increase the market demand for the latest devices like benchtop scanning electron microscopy, which has improved standard control procedures.

The growing prevalence of various chronic disorders is anticipated to drive the demand for cutting-edge research and development activities. The increasing demand for R&D and funding is improving the various applications of the scanned electron microscope in various healthcare and other industries. The growing application of products in the semiconductor, electronics, and pharmaceutical industries is anticipated to drive the market over the forecast period. Moreover, many laboratories in academic institutes and biotechnological industries will support the market.

However, scanning electron microscopes require significant start-up funding, and there is a risk of magnetic, vibration, and electrical interference that can hamper this market growth. In addition, since these microscopes are large-scale devices, they require maintenance and challenging growth.

KEY MARKET INSIGHTS:

Based on type, in 2020, the benchtop SEM market generated an approximate revenue share of more than 65%. This segmental share can be attributed to various advantages such as ease of use, lower cost, higher accuracy, faster results, and a smaller lab footprint. These are mainly adopted for research and development activities in the bio-science and semiconductor industry, which ultimately drives the demand for products in these fields.
Based on the application, in 2021, the materials science segment revenue was approximately $510 million. SEM is widely used for quality control, research, and failure analysis in the materials science industry. In addition, there is high-level research on nanofibers, nanotubes, high-temperature superconductors, resistive alloys, and the study of mesoporous architectures.

However, the life sciences segment will dominate by more than 24% during the analysis period. Various factors driving this segment include more research and development activities, the rising prevalence of chronic diseases, and the growing demand for digital microscopes in different sectors like life sciences and pharmaceuticals.
North America is estimated to dominate the global market based on the region due to a more significant contribution from established markets. In 2020, the net value exceeded $1 billion for the North American market. The presence of prominent players focused on product innovation, the high number of clinical trials, and the large population contribute to a large market region. Research activities in the life sciences, biotechnology, and pharmaceutical industries are an integral part of the innovation system in North American countries. Moreover, the presence of many academic institutes and research and development facilities, especially in the United States, creates a significant growth opportunity for the market.
The APAC region is anticipated to witness the fastest CAGR during the studied timeline, which can be attributed to prominent manufacturers in this region and the increased use of SEM for research analysis and imaging. Likewise, the growing demand for advanced SEM for materials research range is anticipated to drive the growth of the Latin America market, which is expected to grow at a CAGR of 8.63% during the forecast period.
Companies playing a prominent role in the global scanning electron microscopes market profiled in this report are Bruker Corp., Danish Micro Engineering (DME), Thermo Fisher Scientific, Hitachi High Technologies Corp., JEOL Ltd., Leica Microsystems, Nanoscience Instruments, Inc., Nikon Corp., Olympus Corp., Carl Zeiss.

MARKET SEGMENTATION:

By Type: