Global Failure Analysis Market - By Testing (NDT, Materials Testing, Chemical Testing, Mechanical Testing, Physical Testing, Metallurgical Testing, lectronic Component Failure Analysis), Technique (Failure Modes Effect Analysis, Failure Modes, Effects, and Criticality Analysis, Functional Failure Analysis, Destructive Physical Analysis, Physics of Failure Analysis, Fault Tree Analysis, Sneak Circuit Analysis, Common Mode Failure Analysis, Software Failure Analysis), Product (Transmission Electron Micr

Published - Jan 2017 | Category - ICT and Media | No. of Pages - 102 | Published By - Mordor Intelligence

Report Highlights

The global failure analysis market was valued at USD 5.22 billion in 2016 and is expected to reach USD 7.97 billion in 2022, at a compound annual growth rate of 7.31% during the forecast period 2017-2022. Failure analysis is critical to industries, processes, and products to limit failures and save millions of dollars for the companies. It is performed to determine the cause of a fault and rectify it. Data from failed components is collected and analyzed by various tools and techniques to determine design issues, assembly issues, material issues, etc.

The last few decades have seen tremendous advances in technology, leading to the production of advanced materials, products, and processes that are complex and capital-intensive. Consumer demand for high-tech products like curved TVs, driverless cars, smartphones, wearables, automated devices, etc. is impelling manufacturers to produce sophisticated products that are efficient and durable. The advanced products like smartphones that can perform multiple functions like calculation, image capture, email, calling, video play pack, etc. are made of multiple small components like a microprocessor, capacitor, camera, etc. Thus, it becomes imperative for manufacturers to ensure that all these work in sync. Failure analysis helps to ensure the reliability of components and devices such as these. Development of innovative materials, production techniques and product designs are compelling the adoption of failure analysis techniques for new product development to ensure product reliability and efficiency. Companies investing in capital-intensive industrial equipment desire to have machinery that has a long life and does not need repairs; thus, manufacturing companies opt for techniques like failure analysis to ensure a greater return on investment.

Based on the type of testing employed, the market is segmented into Non-Destructive Testing (NDT), materials testing, chemical testing, physical testing, metallurgical testing, and electronic component failure analysis. Products are reusable post application of NDT techniques and are commonly used if the flaw is difficult to detect in other product samples and usually used before any destructive tests are performed. Based on the techniques used for testing, the market is segmented into Failure Modes Effect Analysis (FEMA), failure modes, effects & criticality analysis, destructive physical analysis, physics of failure analysis, Fault Tree Analysis (FTA), sneak circuit analysis, common mode failure analysis, and software failure analysis.

Based on application, the failure analysis market is segmented mainly into oil & gas, aerospace and defense, manufacturing and processing, automotive & transportation, construction, and telecommunication. Based on geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. The major players in the market are seen to be expanding their existing portfolio of testing services by test and sectors.

Some of the key players in the market are:

EAG

Exova Group PLC

Intertek Group PLC

Raytheon Company

Key Deliverables in the Study

Market analysis for the failure analysis market, with region-specific assessments and competition analysis on the global and regional scale.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.

Extensively researched competitive landscape section with profiles of major companies.

Identification and analysis of the macro and micro factors that affect the failure analysis market on a global scale.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights on the major countries in which this industry is growing and to also identify the regions that are still untapped.

 

Quick Buy

Latest Publications