Industrial Microscope Market Research Report—Global Forecast till 2030

Industrial Microscope Market: Information By Industry Vertical (Automotive & Transportation, Semiconductor & Electronics, Metal & Materials, Machinery & Equipment, Aerospace & Defense, and Others), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

ID: MRFR/SEM/9544-CR | November 2022 | Region: Global | 110 Pages         

Industrial Microscope Market

Industrial Microscope Market is expected to grow USD 1398.5 million 2021. At a CAGR 5.8% during the forecast period 2022-2030.

Segmentation
By Industry Vertical Automotive & Transportation Semiconductor & Electronics Metal & Materials Machinery & Equipment Aerospace & Defense and Others
By Region North America Europe Asia-Pacific Middle East & Africa and South America
Key Players
Companies Profiled   NIKON CORPORATION    CARL ZEISS AG    OLYMPUS CORPORATION    LEICA MICROSYSTEMS    BRUKER CORPORATION    JEOL LTD    HITACHI    THERMO FISHER SCIENTIFIC    OXFORD INSTRUMENTS PLC    and RADICAL SCIENTIFIC EQUIPMENTS PVT LTD.
Drivers
Market Driving Forces    Growing Semiconductor Industry    Increasing demand for high precision in the automotive industry
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Industrial Microscope Market Size and Report Overview:


The Global Industrial Microscope Market Size is estimated to register a CAGR of 5.8% during the forecast period.


Industrial microscopes are highly specialized instruments, and acquiring one is typically a long-term investment with a minimum estimated lifespan of ten years. With so many microscope models to choose from, determine which one will provide the finest sample-specific imaging capabilities while still operating efficiently in the facility setting. The review below describes the important factors to consider when purchasing an electron microscope. Imaging performance, magnification and resolution, microscopy company, hardware and software, budget, and support & maintenance are only a few of the primary elements to consider. Magnification and resolution are two factors that are very significant in microscopy. Magnification refers to how much bigger an item appears when seen via a microscope (or a pair of lenses within a microscope).


COVID-19 Impact vs Opportunities for Global Industrial Microscope Market:


The COVID-19 outbreak has significantly impacted various industries and businesses worldwide, causing the revenue scales and shares of these businesses to plummet. As a result of the COVID-19 pandemic, the market was among the moderately affected markets. Speaking of the negative influence, the market was impacted adversely by the disruptions in supply chain and raw materials, reduced workforce, and stringent lockdown norms. Meanwhile, the market had a profitable opportunity to recover from the impact because of the increased experiments in the life sciences and R&D.


Microscopes are used in the electronics industry for a variety of activities, such as visual inspection of printed circuit boards, where high-definition cameras and high-definition displays are paired with simple interfaces to produce outstanding picture quality and simplicity of use. The video microscope, which is utilized in electronic companies all over the globe, is distinguished by its large magnification range, excellent high-definition picture quality, excellent ergonomics, and the flexibility of various individual modifications. Some of the features that make digital microscopes used all over the electronics world include superb image quality with HD and FULL HD qualities and a great included measurement software.


Market Dynamics:


Market Drivers:


Industrial microscopes are used for inspecting semiconductor wafers or liquid crystal boards, as well as studying metal objects. Inverted microscopes are more convenient to use in this situation since the stage does not need to be adjusted every time the specimen is changed, there is no limit on specimen height, and huge specimens may be utilized. Microscope trends for industrial applications are essential for measurement, quality control, inspection, soldering, and manufacturing. Microscopes are used for various purposes, such as visual examination of printed circuit boards, where high-definition cameras and displays are paired with simple interfaces to produce outstanding picture quality and simplicity of use. Each industrial microscope has a complicated design that aims to increase resolution and sample contrast while providing unique solutions for the inspection process. For example, Olympus’ industrial inspection microscopes are suitable for a wide range of analytical applications, from regular inspection to advanced analysis, and include industry-leading optics.


Market Opportunities:


Microscopes are essential for inspection in a wide range of industries. Electronics, agricultural, medicinal, and automobile products must all be thoroughly inspected before being released. Passports must be personally examined, and the integrity of PCBs and ICs must be verified. While machine vision may automate the fast examination of an ever-widening range of items, many components of the process, if not the majority, still require a human eye. Microelectronics, automotive, and aerospace sectors, as well as medical device makers, use this equipment to monitor the whole production process, improve output and quality, and cut costs.


Market Restraint:


Because of technological advancements, people’s attitudes toward microscopes have altered. High-end microscopes, such as electron microscopes, scanning probe microscopes, and digital microscopes are gradually displacing ordinary microscopes due to their better features, increased resolution, and magnification capability. However, with prices ranging from USD 25,000 to USD 2 million, these microscopes are unavailable for hospitals, pathology laboratories, and small enterprises. Electron microscopes, for example, are incredibly complicated and technically advanced instruments capable of magnifications far larger than any compound light microscope, and as a result, they fetch a rather premium price.


Value Chain Analysis


The industrial microscope market is growing at a steady rate and is expected to upsurge in near future trends. Various key players operating in the industrial microscope market invest huge capital in optimizing the supply chain and reducing operational costs. The supply chain analysis for the industrial microscope market comprises five major levels: the R&D, software & hardware development, testing, integration, and finally supplied to the end users.


Market Segment Insights


The global Industrial Microscope Market has been segmented on the basis of Industry Vertical, and region.


The global Industrial Microscope Market, based on Industry Vertical, Industrial Microscope Market is segmented into Automotive & Transportation, Semiconductor & Electronics, Metal & Materials, Machinery & Equipment, Aerospace & Defense, and Others.


The global Industrial Microscope Market, based on region is bifurcated into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.


Regional Outlook


North America led the Global Industrial Microscope Market in 2021. The industrial microscope market in the US is increasing owing to the growing semiconductor industry. The industry holds strategic importance for the development of the US economy and national security. Almost 44 percent of the US GDP growth is contributed by the innovation done across various domains, and 30 percent of this is accounted for by the semiconductor industry. The industry is also considered the backbone for developing state-of-art capabilities for the national security and defense sector. The government is focusing on accelerating the industry's resiliency and leading the way towards reliable, trusted, and cyber secure supply chains. Furthermore, the growing focus of the US policy on the R&D, production, and investments for upgrading the technology has formed huge support for the semiconductor players to expand their foundry programs. This increasing demand for the semiconductor industry in the US has been the major factor propelling the growth of the industrial microscope market.


The Industrial Microscope Market in Asia-Pacific is expected to grow at the fastest rate during the forecast period. The semiconductor industry in China is described as the "fast follower" owing to the low cost of manufacturing and domestic players exploiting the scale of the semiconductors. The growing innovation and unconventional research in the semiconductor industry have propelled the market growth. The growing government focus on developing and innovating semiconductor technology has boosted the demand for industrial microscopes. The aim of the government to expand semiconductor production and establish the country as a global hub for electronic goods is driving the market.


Key Players and Market Share Insights


The global Industrial Microscope Market is distinguished by the presence of numerous global, regional, and local players catering to the growing demand for automation and rising demand for high-quality products. However, high prices of advanced microscopes may hamper the growth of the global Industrial Microscope Market. The major players have adopted a strategy of obtaining regulatory approval from government agencies for their products and signing contracts and agreements to broaden their reach and reduce operational costs. These include Nikon Corporation, Carl Zeiss AG, Olympus Corporation., Leica Microsystems, Bruker Corporation, JEOL LTD, Hitachi, Thermo Fisher Scientific, Oxford Instruments Plc, and Radical Scientific Equipments Pvt. Ltd.


Market Developments


Nikon Metrology NV (Nikon Corporation), and Pixelink, leader in design and manufacturer of high-quality industrial cameras. The two companies partnered to accelerate sales of affordable industrial microscopy cameras in Europe. As part of this collaboration, Nikon Metrology NV will distribute Pixelink cameras as stand-alone solutions or integrated with Nikon NIS-Elements Microscope Imaging Software.


Carl Zeiss AG opened a new facility dedicated to training nearly 100 US-based field engineers on servicing the complete range of its electron and light microscopes.


Hitachi High-Tech Corporation launched AFM100 and AFM100 Plus systems – entry-level and intermediate-level models of Hitachi's compact and versatile Atomic Force Microscopes (AFM). These tools are designed to offer ease of use and superior reliability for high-throughput R&D or quality control applications.


Report Outlook


As per MRFR, the global Industrial Microscope Market has been growing significantly over the past few years. The global Industrial Microscope Market has been segmented on the basis of industry vertical, and region. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


Objective of the Study



  • To provide a detailed analysis of the market structure along with the forecast for the next eight years of various segments and sub-segments of the global industrial microscope market

  • To provide insights about factors affecting the market growth

  • To analyze the global industrial microscope market based on various tools such as supply chain analysis and Porter's five force analysis.

  • To estimate the market size of the global industrial microscope market, where 2021 shall be the base year, 2018 to 2020 shall be the historical years, and 2022 to 2030 will be the forecast period for the study.

  • To provide historically and forecast revenue of the market segments and sub-segments concerning regions and their respective key countries

  • To provide a country-level analysis of the market concerning the current market size and prospects

  • To provide a country-level analysis of the market for segment by industry vertical

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the global industrial microscope market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, product developments, and research & developments in the global industrial microscope market


Scope of the Report


The scope of the global Industrial Microscope Market study includes the market size analysis and a detailed analysis of the vendor's products and strategies. The market has been segmented based on Industry Vertical, and region.


Intended Audience



  • Semi-Conductor Industry

  • Robotics Industry

  • Industry Automation

  • Technology Investors

  • Regulatory Industries

  • Government Bodies

  • Precision market

  • Automotive industry



Report Scope:

Report Attribute/Metric Details
  Market Size   2021: USD 1398.5 Million
  CAGR   5.8% CAGR
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2018-2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Industry Vertical
  Geographies Covered   North America, Europe, Asia-Pacific, Middle East & Africa, and South America
  Key Vendors   NIKON CORPORATION, CARL ZEISS AG, OLYMPUS CORPORATION., LEICA MICROSYSTEMS, BRUKER CORPORATION, JEOL LTD, HITACHI, THERMO FISHER SCIENTIFIC, OXFORD INSTRUMENTS PLC, and RADICAL SCIENTIFIC EQUIPMENTS PVT. LTD.
  Key Market Opportunities   â€˘ Need for high end microscopes in various end use industries • Industrial microscopes aiding precision in manufacturing
  Key Market Drivers   â€˘ Growing Semiconductor Industry • Increasing demand for high precision in the automotive industry


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Frequently Asked Questions (FAQ) :

The global Industrial Microscope Market has been growing rapidly from the past few decades at a CAGR of 5.8 % during the forecast period.

NIKON CORPORATION, CARL ZEISS AG, OLYMPUS CORPORATION., LEICA MICROSYSTEMS, BRUKER CORPORATION, JEOL LTD, HITACHI, THERMO FISHER SCIENTIFIC, OXFORD INSTRUMENTS PLC, and RADICAL SCIENTIFIC EQUIPMENTS PVT. LTD. are expected to be the major competition in the Industrial Microscope Market during the projected period.

The Semiconductor & Electronics segment is expected to drive the market during the forecasted period.

The North America region is expected to be the largest market for Industrial Microscope Market during the forecast period.

High prices of advanced microscopes may slow the growth of the Industrial Microscope Market during the forecast period.