Nanomechanical Testing Market Forecasts to 2028 – Global Analysis By Instrument Type (Spectroscopes, Scanning Electron Microscopes, Transmission Electron Microscopes, Dual Beam (FIB/SEM) Systems), Offering (Services, Hardware), Application (Semiconductor Manufacturing, Life Sciences, Industrial Manufacturing, Material Development), and Geography
According to Stratistics MRC, the Global Nano Mechanical Testing Market is accounted for $333 billion in 2022 and is expected to reach $463 billion by 2028 growing at a CAGR of 5.65% during the forecast period. A testing method known as nano mechanical testing depends on precise measurement of the forces and deflections present in the test objects. The standard procedure for nano-mechanical testing entails scanning electron microscopy sample observation, force measurement, micro assembly in the nanonewton to millinewton range, as well as deflection measurement. Nano mechanical testing has several important uses, including in the development of new materials, coatings, semiconductor production, and industrial manufacturing.
Market Dynamics:
Driver:
Intensifying R&D in Structure Modification
Construction, semiconductor manufacturing, and electronics are only a few of the sectors where controlling the structure of traditional materials during their alteration to create relevant and desired performance results is slowly gaining traction. The desire for thinner, more flexible, more smaller nanomaterials, together with the complexity of microstructures, have increased the need for effective classification algorithms to assess the effects of alterations on the structure's overall mechanical properties. The expansion of the nanomechanical testing market is anticipated to be supported by accelerating material technology research and investment.
Restraint:
Lack of skilled professionals
Advanced technologies including nano-identification, nano-impact, nano-scratch, and nano-tribological are used in nanomechanical testing. Expert professionals and a significant financial expenditure are needed for this testing process. Over the projection period, high costs involved and a shortage of experienced personnel may sometimes constrain business expansion.
Opportunity:
High-Temperature Nanomaterial Testing
Since nanotechnology is a relatively recent area of interest for a variety of sectors, it is important to examine the mechanical characteristics of nanomaterials in severe environments to make sure they provide efficient performance in real-world circumstances. As a result of the growing need for nanocoatings in high-temperature applications such the manufacture of aerospace engine component parts, nuclear reactor cladding, and high-speed machining, testing of nanomaterials under high temperature is increasingly gaining popularity. The effectiveness of these cutting-edge materials must be determined by an efficient examination of the mechanical characteristics of nanoparticles at high temperatures.
Threat:
Environmental Safety and Human Health Concerns
A growing concentration of nanomaterials is entering the environment as well as the human body as a result of a rapid increase in the consumption of nanomaterial in a variety of sectors. A factor that may lead to an ecosystem imbalance is the growing quantity of nanomaterial in the environment, which has been shown to negatively affect small fish, algae, bacteria, and other crustaceans. Concerns regarding the material's expanding use in businesses are further heightened by the dearth of efficient methods for determining and assessing the negative effects of nanoparticles on both the environment and human health. These factors are anticipated to slow the growth of the nanomechanical testing market as governments all over the world are increasingly considering enacting strict regulations on the creation and disposal of nanostructures.
Covid-19 Impact
The global economy could be impacted by COVID-19 in three distinct ways: directly through production and demand, secondarily through supply chains and marketplaces, and financially through its effects on businesses and financial markets.
The hardware segment is expected to be the largest during the forecast period
The hardware segment is estimated to have a lucrative growth, due to growing investment by various private and governmental organisations toward product development leading to the enhanced nanomechanical testing system with higher precision. Additionally, nanomechanical testing is being used to evaluate and improve MEMS devices in order to gauge their effectiveness, dependability, and performance. This has increased the need for hardware for testing nanomechanical systems.
The semiconductor manufacturing segment is expected to have the highest CAGR during the forecast period
The semiconductor manufacturing segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the growing demand for downsizing of semiconductor devices. Furthermore, due to their unique thermal, optical, electrical, and catalytic capabilities, low-dimensional materials, such as one-dimensional and two-dimensional nanomaterials, have found extensive use in numerous industry verticals.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to growing use of devices connected and the adoption of innovative technology. Additionally, the need for nanomechanical testing equipment is raising as a result of the quick development of technologies across numerous industry sectors. The need for nanomechanical testing is anticipated to raise due to increased investment by major regional businesses as a result of regional business expansion efforts.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the increasing demand for nanomechanical testing for various R&D activities. Additionally, the market share of nanomechanical testing tends to be driven by the existence of numerous significant players throughout the region. To increase their market share globally, the businesses are utilising a variety of techniques, including partnerships, geographic growth, and mergers and acquisitions.
Key players in the market
Some of the key players profiled in the Nanomechanical Testing Market include Testometric Co., Ltd., Nanomechanics Inc., Micro Materials Limited, Biomomentum Inc., Nanoscience Instruments, Illinois Tool Works Inc., Quad Group, Inc., Alemnis GmbH, Micro Materials Limited, Bruker Corporation, Hysitron, Femtools, Harper International, Eden Instruments and MTS Systems Corporation.
Key Developments:
In October 2020, Bruker launched an advanced in-situ nanomechanical test instrument, Hysitron PI 89 SEM PicoIndenter. It aids in analysis in deformation processes of high-strength materials.
In February 2018, Bruker Corp. has acquired IRM2, a developer of high-speed infrared (IR) imaging microscopes based on quantum cascade laser (QCL) technology. The acquisition facilitated the company to expand its product portfolio and increase the market opportunities for IR microscopy, with applications in biological tissue analysis and materials science, and future potential in tissue diagnostics.
Instrument Types Covered:
• Spectroscopes
• Scanning Electron Microscopes
• Transmission Electron Microscopes
• Dual Beam (FIB/SEM) Systems
• Other Instrument Types
Offerings Covered:
• Services
• Hardware
Applications Covered:
• Semiconductor Manufacturing
• Life Sciences
• Industrial Manufacturing
• Material Development
• Other Applications
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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