Acoustic Microscopy Market by Offering (Microscopes, Accessories & Software), by Application (Product Reliability Testing/Quality Control, Non-Destructive Testing, Failure Analysis, and Others (Counterfeit Detection and Process Validation)), by Industry (Material Science, Life Science, Semiconductor, and Nanotechnology), and by Geography (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) – Global Forecast to 2026
Acoustic Microscopy Market is expected to grow from USD 946 Million in 2017 to USD 1522.54 Million by 2026, at a CAGR of 5.43% between 2017 and 2026.
Key factors expected to drive the growth of Acoustic Microscopy Market include increased funding for R&D in microscopy, growth of various end-use industries, and safety regulations formulated by governments and international bodies. However, high initial investments and overall operating costs are restraining acoustic microscopy market growth.
Non-Destructive Testing (NDT) application to grow at highest CAGR
By application acoustic microscopy segment is divided into Product Reliability Testing/Quality Control, Non-Destructive Testing, Failure Analysis, and Others (Counterfeit Detection and Process Validation). Non-Destructive Testing (NDT) application is anticipated to grow at the highest CAGR. Acoustic Microscopy Marketgrowth can be attributed to increased awareness regarding industrial non-destructive testing methods and their benefits.
Nanotechnology industry segment to witness higher growth rates
Based on industry, the Acoustic Microscopy Market is segmented into Material Science, Life Science, Semiconductor, and Nanotechnology. Acoustic Microscopy Market for nanotechnology is anticipated to grow at the highest CAGR during the forecast period owing to rising initiatives to promote nanotechnology research worldwide and increasing applicability of nanotechnology in the medical sector.
APAC to witness highest CAGR between 2017 and 2026
Geographically Acoustic Microscopy Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among all geographies APAC is anticipated to experience highest VAGR owing to increased focus on nanotechnology research and rise in R&D funding for the development of microscopes
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