Focused Ion Beam Market Global Business Growth, Demand, Trends, Key Players And Forecasts

The global focused ion beam market was valued at US$ 399.3 Mn in 2017 and is anticipated to register a stable CAGR of 6.9% during the forecast period 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Focused Ion Beam Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Growing demand for focused ion beam in sample preparation, and rising demand for ion beam lithography and failure analysis equipment has increased the penetration and growth of the focused ion beam market globally. The market in North America is expanding at a significant CAGR of 7.5% on the backdrop of numerous technological innovations in advanced laboratory equipment.

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Increasing Usage of Gallium Expected to Drive Growth of the Focused Ion Beam Market

The global focused ion beam market by ion sources is segmented broadly into four major segments, namely gallium, gold, iridium, and others (including gas field ionization sources and liquid metal alloy ion sources). In terms of revenue, the gallium ion source was the largest contributor to the market, followed by iridium in 2017. Currently, most of the focused ion beam instruments are equipped with liquid metal ion source (LMIS) with gallium ions. Gallium LMIS focused ion beam technology is preferred due to its long source lifetime, stability, high mass ions for fairly rapid machining, and low melting point. Iridium segment is projected to expand at the highest CAGR of 7.2% over the forecast period. Key trends prevalent in the focused ion beam market are acquisition and partnership, and product innovation.