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Failure Analysis Market 2019 | Rising Status of Key Players, Industry Size & Share, Growth Factors, New Technologies Revenue Forecast by 2024

Failure

The “Failure Analysis Market” report 2019 provides information for market players, stakeholders, investors, and business strategists to achieve a leading position the market. It maintains the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global Failure Analysis market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide Failure Analysis market is provided in detail in the report.

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Failure Analysis Market Covers Key Players:

  • Presto Engineering Inc.
  • IBM Corporation (IBM Global Services)
  • Rood Microtec GmbH
  • EAG Inc.
  • MASER Engineering BV
  • NanoScope Services Ltd
  • CoreTest Technologies
  • TEC Materials Testing
  • McDowell Owens Engineering Inc.
  • Leonard C Quick & Associates Inc.
  • Crane Engineering
  • Exponent Inc.

    Market Overview:

  • The market for failure analysis was valued at USD 6.01 billion in 2018, and is expected to reach USD 9.26 billion by the end of 2024, registering a CAGR of 7.50% during the forecast period.
  • – Failure analysis is a process in which a failed product is investigated/examined to determine what caused it to fail. There are several methods that failure analysts use, for example, failure modes and effects analysis (FMEA), Ishikawa “fishbone” diagrams or fault-tree analysis (FTA).
  • – Understanding what caused one product to fail may help in improving next-generation versions of the product or other products. By performing a failure analysis on a product, critical information about the design process, manufacturing processes, material properties, or actual service conditions can be determined, in order to make the product safer or improve the next iteration.
  • – One area where failure analysis is used extensively is for finding the cause of vehicular accidents. Private and commercial vehicle accidents can result in severe property damage, bodily injury, and even loss of life. In India alone, more than 140,000 people were killed in road accidents in 2017. Mechanical failure analysis is seen as a possible remedy to find the cause of the accident, if it is related to any mechanical component.
  • – Moreover, turbines, jet engines, and other delicate rotating machinery are prevalent in numerous industries, such as heavy construction, aerospace, mining, and power generation. Rotating machinery failure can have calamitous financial consequences, in addition to the physical damage that may be caused as well.

    Report Highlights:

    • The report provides a detailed analysis on current and future market trends to identify the investment opportunities
    • Market forecasts till 2024, using estimated market values as the base numbers
    • Key market trends across the business segments, Regions and Countries
    • Key developments and strategies observed in the market
    • Market Dynamics such as Drivers, Restraints, Opportunities and other trends
    • In-depth company profiles of key players and upcoming prominent players
    • Growth prospects among the emerging nations through 2024
    • Failure Analysis Market opportunities and recommendations for new investments

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    Scope of the Report:

  • Failure analysis is the systematic investigation of a part failure with the objectives of determining the root causes of failure and the corrective actions needed to prevent future failures. The failure analysis techniques are used in various end-user verticals like automotive, oil and gas, defense, etc.

    Key Market Trends:

    Automotive Sector is Driving the Demand for Failure Analysis

    – The automotive industry continually faces new challenges, as the demand for inexpensive and high-quality components increases. Extreme diligence must be maintained to ensure that such components are designed and manufactured with sufficient quality, in order to endure a variety of service environments.
    – Recently, Asia-Pacific witnessed a considerable growth in the automotive industry, owing to the increasing demand for passenger as well as advanced vehicles. The passenger vehicles however, find increased usage due to population density in the region. Therefore, the increasing production of passenger and luxury cars is driving the market growth in the region.
    – The automobile component may fail for different failure modes, causing severe accidents and therefore it is important to identify the failure mode for which the automobile component fails more frequently.
    – Failure analysis is also done to establish the cause of an accident, wherein analysis is employed to see which component in the automotive caused the accident.

    North America occupies the Largest Market Share

    – North America, majorly owing to the United States is one of the earliest adopters of failure analysis techniques, originally introduced to ensure no major disruptions occur in the existing business models.
    – The country is home to a majority of the dominant industries. For instance, the automotive sector in the country is ruled by General Motors and Ford, who rely heavily on automation.
    – Furthermore, the United States is one the leaders in terms of crude oil production and has several oil rigs spread out across the North American continent. After the devastating effects of various oil rig accidents, the most notable being the Deepwater Horizon oil spill that occurred in 2010, discharging over 4.5 million barrels of oil into the sea due to a mechanical failure, the need for failure analysis techniques is being felt more acutely.

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    Detailed TOC of Failure Analysis Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Ageing Infrastructure and Increasing Need For Maintenance
    4.3.2 Technological Advancements Drive the Market Growth
    4.3.3 Innovation in Materials, Design, and Production Methods
    4.4 Market Restraints
    4.4.1 High Equipment Cost Challenge the Market
    4.5 Industry Attractiveness – Porter’s Five Forces Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry
    4.6 Industry Value Chain Analysis

    5 TECHNOLOGY SNAPSHOTS ( TECHNIQUE)
    5.1 Failure Modes Effect analysis (FMEA)
    5.1.1 Failure Modes, Effects and criticality analysis (FMECA)
    5.1.2 Functional Failure Analysis
    5.1.3 Destructive Physical Analysis
    5.1.4 Physics of failure Analysis
    5.1.5 Fault Tree Analysis(FTA)
    5.1.6 Other Failure Mode Effect Analysis

    6 MARKET SEGMENTATION
    6.1 By Technology
    6.1.1 Secondary ION Mass Spectrometry (SIMS)
    6.1.2 Energy Dispersive X-Ray Spectroscopy (EDX)
    6.1.3 Chemical Mechanical Planarization (CMP)
    6.1.4 Other Technologies
    6.2 By Equipment
    6.2.1 Scanning Electron Microscope (SEM)
    6.2.2 Focused Ion Beam (FIB) System
    6.2.3 Transmission Electron Microscope (TEM)
    6.2.4 Dual Beam System
    6.3 By End-user Vertical
    6.3.1 Automotive
    6.3.2 Oil and Gas
    6.3.3 Defense
    6.3.4 Construction
    6.3.5 Manufacturing
    6.3.6 Other End-user Verticals
    6.4 Geography
    6.4.1 North America
    6.4.2 Europe
    6.4.3 Asia-Pacific
    6.4.4 Latin America
    6.4.5 Middle East & Africa

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 Presto Engineering Inc.
    7.1.2 IBM Corporation (IBM Global Services)
    7.1.3 Rood Microtec GmbH
    7.1.4 EAG Inc.
    7.1.5 MASER Engineering BV
    7.1.6 NanoScope Services Ltd
    7.1.7 CoreTest Technologies
    7.1.8 TEC Materials Testing
    7.1.9 McDowell Owens Engineering Inc.
    7.1.10 Leonard C Quick & Associates Inc.
    7.1.11 Crane Engineering
    7.1.12 Exponent Inc.

    8 INVESTMENT OUTLOOK

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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