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Global Microscope Market to Grow at a CAGR of 3.2% During 2021-2026, Aided by the Rising Industrial Uses of Microscopes

According to a new report by EMR titled, ‘Global Microscope Market Report and Forecast 2021-2026’, the market attained a value of about USD 1.32 billion in 2020. The industry is further expected to grow at a CAGR of 3.2% in the forecast period of 2021-2026 to reach a value of nearly USD 1.59 billion by 2026.

The increasing use of microscopes in various industries is propelling the industry growth. As various parts and pieces of machinery of automobiles are increasingly becoming smaller, microscopes are being used to evaluate and inspect them to eliminate errors and flaws. This is also aiding the market growth. Moreover, microscopes allow the inspection of the latest materials deployed in various applications such as packaging, construction, and textile to ensure the quality of the materials. It is extensively used in forensic sciences to examine trace materials such as fibres, blood, and dust, among others which is further fuelling the industry growth. In addition, the rising use of microscopes in the medical industry to diagnose as well as research several diseases is contributing significantly to the market growth. Moreover, growing investments in molecular science and life sciences are providing further impetus to the market growth.

Thermo Fisher Scientific Inc. (NYSE: TMO), one of the leading players in the market, unveiled the revolutionary Thermo Scientific Spectra scanning/transmission electron microscope (S/TEM) in August 2019. The microscope is designed to accelerate breakthrough discoveries by delivering advanced atomic-scale imaging and analysis. It is ideal for researchers in industrial and academic labs who characterise a wide variety of materials at the atomic level by providing safer and long-lasting batteries and improving energy efficiency. It includes revolutionary detection capabilities making it possible to obtain detailed images of extremely beam-sensitive materials and semiconductor structures. Moreover, Spectra supports research for new semiconductor structures and materials to deliver the essentials required to build higher performance electronic devices in the future. Such products are accelerating the market growth for microscope.

Market Analysis by Type, End Use, and Region:

  • The market, on the basis of type, can be divided into scanning electron microscope, transmission electron microscope, and focused ion beam.
  • Based on end uses, the industry can be divided into semiconductor and microelectronics, healthcare, general manufacturing, food processing, and construction, among others.
  • The regional markets for microscope include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The surging use of microscopes in the food and beverages industry owing to increasing regulations and various stringent government policies regarding food safety is aiding the market growth.
  • The market is being driven by the rising number of research institutes and increasing incentives provided in various research and development (R&D) activities.
  • Technological advancements and innovations are enabling the development of microscopes with advanced features, therefore augmenting the industry growth.
  • The integration of the latest technologies such as artificial intelligence (AI), machine learning, and big data, among others, to increase automation of microscopes while reducing the time consumed is propelling the market growth for microscopes.

Key Offerings of the Report:

  • The EMR report gives an overview of the global microscope market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, end uses, and regions of microscope.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The market report also analyses the trade data by covering the major importing and exporting countries. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for microscope are Angstrom Advanced Inc., Tescan Orsay Holding, a.s., Thermo Fisher Scientific Inc., Olympus Corporation, Leica Microsystems GmbH, Carl Zeiss AG, and Hitachi High-Technologies Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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