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Scanning Electron Microscope Market size exceeded USD 2.5 billion in 2020 and is poised to grow at over 6.8% CAGR between 2021 and 2027.
Technological developments in scanning electron microscope (SEM) will considerably drive the market demand. Recent development in scanning electron microscope, especially in benchtop SEM has enhanced the quality control procedures, stimulating the industry growth potential.
Report Attribute | Details |
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Base Year: | 2020 |
Scanning Electron Microscope Market Size in 2020: | 2.6 Billion (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 6.8% |
2027 Value Projection: | 4.1 Billion (USD) |
Historical Data for: | 2016 to 2020 |
No. of Pages: | 120 |
Tables, Charts & Figures: | 128 |
Segments covered: | Type, End-use |
Growth Drivers: |
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Pitfalls & Challenges: |
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Growing prevalence of various chronic disorders will impel the demand for advanced research and development activities. Thus, with rising demand for R&D and funding, the infrastructure in various healthcare and other industries is improving. As a result, increasing number of laboratories in academic institutes and industries such as semiconductors and material sciences among others, will drive the scanning electron microscope market demand. Considerable market growth will also be driven by increasing use of SEM to study surface morphology and properties regarding topography, fractography and chemical analysis, among others.
The World Health Organization (WHO) reported millions of people affected by COVID-19 pandemic. This has stimulated the huge demand for vaccine to control the infection rate. Thus, outbreak of COVID-19 will also influence SEM demand during projection period for better research and development success. Thus, with rising prevalence of infectious diseases, scanning electron microscope market will witness substantial adoption over the coming years. However, high cost of the equipment may impede the market growth.
Benchtop/tabletop scanning electron microscope market dominated a revenue share of over 65% in 2020 attributed to its advantage such as ease-of-use, greater accuracy, faster outcomes, and small footprint in the laboratories.
Benchtop/tabletop SEM is majorly adopted for the research and development activities in life science and semiconductor industry, ultimately driving the product demand in these fields. Furthermore, with greater preference over conventional SEMs owing to lower cost, the demand for benchtop SEM will increase in near future.
Material sciences segment revenue was around USD 500 million in 2020. Scanning electron microscope is the most versatile instrument used for material science research. SEM is widely used for quality control, research, and failure analysis in material science industry. For high-end research into nano fibres, nano tubes, high temperature super conductors, alloy strength and mesoporous architectures research, scanning electron microscopes are largely adopted.
North America scanning electron microscope market value was more than USD 1 billion in 2020. Presence of leading players that are focusing on product innovation, and rising expenditure on research and development activities contributes to significant regional market size. Additionally, presence of large number of academic institutes and research & development facilities, especially in the U.S., creates significant opportunity for the market.
The U.S. has crossed more than 6 million COVID-19 cases in the region, thereby driving the need for vaccine to reduce the mortality rate. Thus, such research and development activities to develop novel biologics with the help of advanced technologies will drive the North American industry growth.
Some of the leading players operating in the scanning electron microscope market include
These companies are adopting various inorganic growth strategies to obtain competitive advantage and strengthen their market position.
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Market, By Type
Market, By End-use
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