Global Focused Ion Beam (FIB) Market Is Driven by Rising Demand For Failure Analysis Equipment

Global Focused Ion Beam (FIB) Market Report, published by Variant Market Research, forecast that the global market was valued at $312 million in 2016 and expected to reach $530 million by 2024; growing at a fastest CAGR of 6.8% from 2016 to 2024.
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Focused ion beam is an innovativesystemextensively used in many industries such as semiconductor, materials science, and others. Now, focused ion beam techniques are normally found in a wide range of applications in medical science laboratories. FIB system has also expanded popularity specially in the biological field for ablation of materials, site specific analysis, and deposition.
Increasing adoption of ion beam lithography to drive the global focused ion beam (FIB) market
Factors driving the growth of theglobal focused ion beam (FIB) marketare increasing adoption of ion beam lithography, rising demand for failure analysis equipment, and higher application of focused ion beam systems in sample preparation. Though, high price of focused ion beam systemsmay hamper the growth of the market. Furthermore,product inventionwould provide numerous opportunities for the growth of the market in forecasted periods.
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Market Segmentation
The global focused ion beam market has been bifurcated into ion beam sources and application. Ion beam sources segment includes gallium, iridium, gold and others. On the basis of application, the market is further segmented into nanofabrication, sample preparation, and others. Based on geography, the focused ion beam market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Gallium accounted for the largest market share in the ion beam sources segment

In 2016, galliumheld the major market share in ion beam sources and are expected to continue dominance during the forecast period 2016 – 2024 owing toits widespread use as a liquid ion source for high resolution, depth profiling, focused ion beam imaging, ion beam lithography, andnanofabrication. The iridium segment is anticipated to grow at a highest CAGR over the forecast period owing to being an important alloying agent.
Sample preparation accounted for the largest market share inthe application segment
In 2016,sample preparation held the major market sharein the application segmentand are expected to continue dominance during the forecast period 2016 – 2024 owing to its widespread usage to formulate samples for the transmission electron microscope or TEM.
Asia-Pacific is anticipated to grow at a fastest CAGR over the forecast period
Asia-Pacific is expected to attain the fastest CAGR of 7.5% during the forecast period 2016 – 2024, due to increasing number of semiconductor companies in developing countries such as China, South Korea, Taiwan, and India, and high saturation of nanotechnology in countries such as Japan.Europe held the major market share of 37.1% in 2016, due to high saturation of focused ion beam microscopes in the field of material science, followed by North America.
Competitive Landscape
In 2017, Hitachi High-Technologies Corp. has declared the development of an "ETHOS", all-new high-performance focused ion beam-scanning electron microscope (FIB-SEM).A newly developed electrostatic/magneticcompound lens empowers ETHOS to give advanced imaging performance resolving sub-nanometer features in high contrast for the low-voltage SEM applications.The major companies in the market comprise JEOL Ltd., Hitachi High-Technologies Corp., FEI, Carl Zeiss AG,Fibics Incorporated, Evans Analytical Group, TESCAN ORSAY HOLDING a.s., ZEROK Nanotech,Raith GmbH., and Thermo Fisher Scientific Inc., among others.
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Scope of Focused Ion Beam Market
Ion Beam Sources Type Segments
• Gallium
• Gold
• Iridium
• Others
• Application Segments
• Sample Preparation
• Nanofabrication
• Others
o Geographical Segments
o North America
 US
 Canada
 Mexico
o Europe
 Germany
 France
 United Kingdom
 Spain
 Others
o Asia-Pacific
 China
 India
 Japan
 South Korea
 Others
o RoW
 South America
 Middle East
 Africa
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