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Global Failure Analysis Market 2021 analysis with Key Players, Applications, Trends and Forecasts

Failure Analysis

The report focuses on the favorable Global “Failure Analysis market” and its expanding nature. The Failure Analysis market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

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 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.

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    Key Manufacturers

  • 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 Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Failure Analysis market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Failure Analysis market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Failure Analysis market have also been involved in the study.

    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.

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    TOC of Failure Analysis Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Failure Analysis market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Failure Analysis Market Report Covered:

    • The report analyses how Failure Analysis market will grow in the future.
    • Analyzing various perspectives of the Failure Analysis market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Failure Analysis market shares and policies employed by the major market players.
    • Competitive landscape including the Failure Analysis market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Failure Analysis market players

    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 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 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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    Study objectives of Failure Analysis Market Report:

    • To provide a detailed analysis of the market structure along with the Failure Analysis market forecast of various segments and sub-segments of the Failure Analysis market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Failure Analysis market trends that influence the global Failure Analysis market

    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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