Scanning electron microscope (SEM) is designed to create high-resolution images of various surfaces by utilizing a focused beam of electrons.
Scanning electron microscope (SEM) is designed to create high-resolution images of various surfaces by utilizing a focused beam of electrons. High adoption of the product in various research and development activities in pharmaceuticals and research institutes would augment industry expansion in the forthcoming years.
A surging number of viral diseases in recent years has triggered extensive R&D activities in life sciences. For example, the emergence of HIV/AIDS, swine flu, Ebola, COVID-19, and others in the recent past has stimulated a vast number of research activities in clinical laboratories across the globe. The growing necessity for deriving robust medications and effective therapeutic treatment will create substantial demand for SEMs in clinical laboratories.
According to a Global Market Insights, Inc., report, global scanning electron microscope market size is projected to cross over US$4.1 billion by 2027. Following are some trending factors augmenting the high adoption ratio of scanning electron microscopes in laboratories.
Robust demand in material science and electronic engineering
Ongoing improvements and innovations in products will enhance SEM usability in research programs. The integration of high-resolution cameras and sophisticated technology in microscopes will make it suitable in various industrial applications. Owing to the multiple characteristics, SEMs are utilized in material science for research, failure analysis, and quality control.
Its applications in electronic engineering bring extra-dimensional results in terms of performance evaluation of newly developed semiconductors, topology structural study, and efficiency testing. SEMs applications in forensic science will further augment its demand in the healthcare sector.
Growing applications in life sciences
The application of scanning electron microscope market in the life sciences segment valued at over US$680 million in 2020. The segmental growth is majorly attributed to the booming biopharmaceuticals industry across the globe. Extensive R&D programs by pharma companies to obtain robust therapeutics and biologicals will fuel the high adoption of scanning electron microscopes in research processes. Growing utilization of the SEMs in developing novel therapeutics will complement the product development.
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Growing expenditure in semiconductor industry
Growing research and development expenses in the semiconductor and life science sectors in developed countries will bring lucrative growth potentials to the scanning electron microscope market. For example, the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act has funded nearly US$3 billion to National Science Foundation in the United States. With the private sector funding of US$3 billion for over 10 years, it has also established a National Semiconductor Technology Center for development and research.
Conventional SEMs for defining nanostructures
The conventional segment in the scanning electron microscope market will experience a CAGR of 6.5% up to 2027. Technological advancements along with improved features in the conventional microscopes will make it favorable in electrochemical engineering. The application of the product in the field provides informative data for characterizing nanostructures such as grains, fractures, corrosion, and grain boundaries. This further enables detailed sample analysis and eases the process for scientists and researchers.
Prominent SEM manufacturers in the U.S.
The scanning electron microscope market in the U.S. will expand at 6.2% CAGR in the forthcoming years. Increasing R&D funding to boost research activities in the region will primarily drive high adoption of SEMs. For example, the financial budget in the U.S. sanctioned nearly US$134 billion in R&D funding in 2020.
Due to the high cost of SEMs, the increased government funding has helped in fulfilling the demand for the product. The existence of prominent SEM manufacturers and their growing emphasis on product development will foster business expansion in the region.
Leading firms in the scanning electron microscope market are focusing on strategies including partnerships and product development to establish their foothold in the competitive market landscape. For example, JEOL Ltd. had reportedly announced to launch a new scanning electron microscope, the JSM-IT700HR in August 2020. Such product launches will help the firm to expand its product portfolio and business globally.
With a wide range of applicability and advantages, advanced scanning electron microscopes will bring substantial development in the field of research and development in the coming years.
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