Microscope Market Research Scope, Analysis & Assumptions

 Industry Insights

The global Microscope Market is projected to reach USD 12.7 billion by 2024, exhibiting a 7.8% CAGR over the forecast period. The magnification and visualization devices such as microscope are the important part of scientific research and research and development activities. The newer industries such as polymer industry, nanotechnology, agriculture and atomic science are the key customer of this device. The new technology advancements such as faster performance and easy sample preparation fuel the market growth for microscope. The devices are capable of displaying images in high definition and in 3-dimensional views.

The optical technology captures the highest market shares at academic institutes and science research institutes for cellular or subcellular imaging activities. The adoption of devices at academic institutes such as schools, colleges, universities and private institutes and the growing research culture in developing countries as well as at small scale industries raises the product penetration. The another reason for industry growth is government and private organizations funding for the research and technology development The price plays an important role in product acceptance, the affordable price of the device increases the product adoption. Thus, the above factors are the main driver for the business growth.

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Product Insights

The product is categorized into optical, electron, and scanning probe microscopes. The electron microscope captures the highest shares due to its various applications and functions. Currently, the electron microscope dominate the marketplace.

With technological advancement, scanning probe microscope are gaining popularity in the market space due to accurate magnifying capacity at atomic level giving sharp images. Thus, this segment is expecting the fastest growth over the forecast period.

Application insights

The application segment is classified in material science, nanotechnology, life science and semiconductors. The life science segment holds 29.22% of revenue share and dominates the industry followed by the semiconductors.

With recent development in sciences, nanotechnology is gaining space in the industry. the recent research and developments in pharmaceuticals, chemicals, biotechnology and other fields are boosting the nanotechnological applications. Hence, this segment is anticipated to be the fastest growing segment overt he forecast period.

Regional insights

North America accounts for 34.13% revenue share in 2016. The largest share in North America is accounted due to its strong economy, technology advancement and high adoption rate in the region. In addition, the government provides heavy funding and investment in the R&D, thus opening more opportunities for the market players.

Asia Pacific incorporated the growing economies such as India, Japan and China. Japan is the largest manufacturer of technology products with the vast number of local manufacturers. The government initiatives such as project funding for R&D development and funding for the infrastructure development at the schools and colleges increase the market. Thus, this region is projected to be the fastest growing over the forecast period.

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Competitive Insights

The major player for Microscope industry includes Hitachi High-Technologies Corporation, Asylum Research, FEI Company, Olympus Corporation, CAMECA Instruments, Nikon Corporation, Bruker Corporation, NT-MDT Company, Carl Zeiss AG, and JeoL Ltd.

The major players invest in research and development for the better opportunities and industry growth. The mergers and acquisitions are the key strategies for the market expansion.

Market Segment:

Product Type Outlook (Revenue, USD Million, 2012 - 2024)
• Optical Microscopes
• Inverted Microscopes
• Stereomicroscopes
• Phase Contrast Microscopes
• Fluorescence Microscopes
• Confocal Scanning Microscopes
• Near Field Scanning Microscopes
• Other Optical Microscopes
• Electron Microscopes
• Transmission Microscopes
• Scanning Electron Microscopes
• Scanning Probe Microscopes

Application Outlook (Revenue, USD Million, 2012 - 2024)
• Material Sciences
• Nanotechnology
• Life Sciences
• Semiconductors
• Other Applications

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Regional Outlook (Revenue, USD Million, 2014 - 2024)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• MEA
• South Africa

Microscope Market Will Rise as Growing Demand for Advanced and High Resolution Microscopes

June 12, 2019: The global microscope market size is expected to reach USD 15.1 billion by 2026 registering a CAGR of 7.9%. Growing demand for advanced and high resolution microscopes for conducting R&D in the fields, such as life sciences and nanotechnology, is expected to drive the market over the forecast period. Emergence of new application areas, such as quantum dots and miniature transistor chips, will further boost the market growth. Quantum dots technology is currently in a nascent stage and is expected to cater to multiple application areas including in transistors, diode lasers, quantum computing, biological imaging, solid-state lighting, electroluminescent displays, and photo-voltaic cells. Optical devices led the market in 2018, owing to their large application base. However, due to high adoption of advanced microscopes, scanning probe and electron microscopes are expected to gain share over the coming years.

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Scanning probe devices is expected to be the fastest-growing product segment from 2019 to 2026. Features, such as non-dependence on wavelength of the source light, resolving atoms, and generating better 3D maps of surfaces, are some of the factors expected to drive the demand of these products. North America led the global market, in terms of revenue, in 2018 and is likely to reach USD 4.7 billion by 2026.

Further key findings from the study suggest:

• Semiconductors and life sciences were the dominant application segments in the global microscope market

• However, nanotechnology is expected to be the fastest-growing application with a CAGR of 9.3% from 2019 to 2026

• Asia Pacific is expected to be the fastest-growing regional market with a CAGR of 9.1% from 2019 to 2026

• High demand for semiconductors and positive outlook on application markets are expected to be the key drivers responsible for the market growth in the region

• Key companies in the market include Olympus Corporation, Hitachi High-Technologies Corporation, Nikon Corporation, FEI Company, JEOL Ltd., Carl Zeiss, and Leica Microsystems

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Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.1.1 Product
1.1.2 Applications
1.1.3 Regional scope
1.1.4 Estimates and forecast timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased database
1.3.2 GVR's internal database
1.3.3 Secondary sources
1.3.4 Primary research
1.3.5 Details of primary research
1.3.5.1 Data for primary interviews in North America
1.3.5.2 Data for primary interviews in Europe
1.3.5.3 Data for primary interviews in Asia Pacific
1.3.5.4 Data for primary interviews in Latin America
1.3.5.5 Data for Primary interviews in MEA
1.4 Information or Data Analysis
1.4.1 Data analysis models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity flow analysis (Model 1)
1.6.1.1 Approach 1: Commodity flow approach
1.6.2 Volume price analysis (Model 2)
1.6.2.1 Approach 2: Volume price analysis
1.7 List of Secondary Sources
1.8 List of Primary Sources
1.9 Objectives
1.9.1 Objective 1:
1.9.2 Objective 2:

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