during the forecast period. Market growth is driven largely by factors such as favorable funding scenario for R&D in microscopy, technological advancements in microscopes, and rising focus on nanotechnology and regenerative medicine.
New York, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Microscopy Market by Product, Application, End User - Global Forecast to 2026" - https://www.reportlinker.com/p05144551/?utm_source=GNW
However, the high cost of the advanced microscopes is expected to restrain the growth of this market during the forecast period.
By product, the software segment is expected to witness above-average growth in the microscopy market during the forecast period.
Software is expected to show the highest growth in the forecast period.The introduction of novel image acquisition software for microscopes is the recent trend in the microscopy market.
Increasing research in life sciences and other application areas have resulted in the generation of a large amount of data, mainly due to advances in image quality.Present software can no longer handle these images, which indicates the potential opportunities offered in the area of software development.
Recent key microscopy software launches include ZEISS ZEN Connect, Zeiss ZEN Core, ZEISS ZEN Intelleis software, and arivis Vision4D and patent-pending arivis inViewR.
By type, the optical microscopes accounted for the largest share of the microscopy market during the forecast period.
Based on type, the global microscopy market is segmented into optical microscopes, electron microscopes, scanning probe microscopes, and other microscopes.In 2020, optical microscopes accounted for the largest share of the microscopy market, primarily due to the increasing applications of digital and confocal microscopes in the materials science, semiconductor, and life science industries and the increased focus on developing advanced digital microscopes.
However, the electron microscopes segment is estimated to grow at the highest CAGR during the forecast period. Growing life science and materials science research activities and the emergence of correlative light and electron microscopy are expected to drive the demand for electron microscopes in the coming years.
By application, the semiconductor applications segment is expected to account for the largest share of the microscopy market during the forecast period.
Based on applications, the microscopy market is segmented into semiconductor, life science, materials science, and other applications.In 2020, semiconductor applications accounted for the largest share of the microscopy market.
Microscopy is extensively used in the semiconductor industry for R&D, quality control, monitoring, process development, and failure analysis.This factor, along with the growing demand for miniature transistor chips, nanoelectronics, quantum dots, and optoelectronics, drives the demand for microscopes in the semiconductor industry.
However, the materials science applications segment is expected to be the fastest-growing application segment during the forecast period.In recent years, research in materials science has increased significantly.
This is expected to drive the adoption of microscopes as they are used in the structural and chemical analysis of materials, including polymers, metals, alloys, ceramics, and biomaterials.
• By end-user, the industries settings segment is growing at the highest rate.
Based on end users, the microscopy market is segmented into industries, academic & research institutes, and other end users.In 2020, the industries segment accounted for the largest share of the microscopy market.
It is also the fastest-growing segment. Light and electron microscopes are widely used in industries for identification and particle analysis, material characterization, process control, quality control, and failure analysis, which is a major factor driving market growth.
North America is expected to account for the largest market share during the forecast period.
The microscopy market is divided into four major regions— Europe, North America, Asia Pacific, Latin America and the Middle East & Africa.North America accounted for the largest share of the global market, closely followed by Europe.
Factors such as the significant R&D budgets, availability of advanced microscopy systems offered by market leaders, high and growing focus on nanotechnology, and the presence of a large number of major research institutes and universities in the region are driving the growth of the microscopy market in North America.
Asia Pacific is estimated to grow at the highest CAGR during the forecast period. Factors such as the rising R&D funding for microscopy, increasing application of correlative microscopy in life sciences and nanotechnology research, establishment of collaboration centers for microscopy research, and the low material cost and the availability of low-cost skilled labor for OEMs in these countries are the major factors supporting the growth of the Asia Pacific microscopy market.
A breakdown of the primary participants referred to for this report is provided below:
• By Company Type: Tier 1–20%, Tier 2–45%, and Tier 3– 35%
• By Designation: C-level–30%, Director-level–20%, and Others–50%
• By Region: North America–36%, Europe–25%, Asia Pacific–27%, Latin America–9%, and the Middle East & Africa–3%
Key Market Players
The major companies in the microscopy market include Carl Zeiss (Germany), Danaher Corporation (US), Thermo Fisher Scientific (US), Nikon (Japan), Bruker Corporation (US), Olympus (Japan), Oxford Instruments (UK), JEOL (Japan), and Hitachi High-Technologies (Japan), among others.
This report studies the microscopy market based on type, product, application, end user, and region.It studies significant factors (such as drivers and restraints) affecting market growth.
The report also analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders.It explains micro markets with respect to their growth trends, prospects, and contributions to the total market.
The report forecasts the revenue of the market segments with respect to five major regions and their respective major countries.
Reasons to Buy the Report
The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a larger market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies for strengthening their market presence.
This report provides insights on the following pointers:
Market Penetration: Comprehensive information on the products offered by the top players in the microscopy market
Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the microscopy market
Market Development: Comprehensive information on lucrative emerging regions
Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in microscopy market
Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
Read the full report: https://www.reportlinker.com/p05144551/?utm_source=GNW
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
CONTACT: Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001