How big is the Failure Analysis Market?

The Failure Analysis Market size is expected to reach USD 4.94 billion in 2024 and grow at a CAGR of 7.56% to reach USD 7.11 billion by 2029. Read More

What is the current Failure Analysis Market size?

In 2024, the Failure Analysis Market size is expected to reach USD 4.94 billion. Read More

Who are the key players in Failure Analysis Market?

Presto Engineering Inc, TUV SUD, Rood Microtec GmbH, Eurofins EAG Laboratories and Eurofins Maser BV are the major companies operating in the Failure Analysis Market. Read More

Which is the fastest growing region in Failure Analysis Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Failure Analysis Market?

In 2024, the Asia Pacific accounts for the largest market share in Failure Analysis Market. Read More

What years does this Failure Analysis Market cover, and what was the market size in 2023?

In 2023, the Failure Analysis Market size was estimated at USD 4.57 billion. The report covers the Failure Analysis Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Failure Analysis Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Failure Analysis Market Share

Statistics for the 2023 & 2024 Failure Analysis market share, created by Mordor Intelligence™ Industry Reports. Failure Analysis share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Failure Analysis Industry

The failure analysis market is fragmented and highly competitive, featuring several key players. These leading companies, known for their significant market presence, are actively seeking to expand their operations across various industry sectors. Many of these firms are employing strategic collaborations to bolster their market share and profitability. Companies operating within this market are also engaging in acquisitions to enhance their product capabilities. Notable players in this sector include Presto Engineering Inc., TUV SUD, Rood Microtec GmbH, Eurofins EAG Laboratories, and Eurofins Maser BV.

• May 2024 - Hitachi High-Tech Corporation unveiled its latest offerings, the SU3900SE and SU3800SE High-Resolution Schottky Scanning Electron Microscopes. These devices are designed to deliver precise observations of large, weighty specimens at the nano level. Notably, they have a camera navigation feature that seamlessly merges images, facilitating operators to view the complete specimen. This enhancement not only aids in pinpointing areas of interest but also elevates the overall user experience.

• January 2024 - India's spotlight once again turned to electric vehicles after a Volvo C40 Recharge electric SUV, priced at a hefty INR 63 lakh, caught fire in a recent accident. While the exact cause remains elusive, the incident underscores the criticality of product failure analysis. Studies underscore this, revealing that up to 80% of new products falter within their inaugural year on the market.