New Product Launches Strategy is Expected to Help the Company Expand Its Product Offerings in the Acoustic Microscopy Market.
The acoustic microscopy market is estimated to be USD 951.0 Million in 2018 and is projected to reach USD 1,241.2 Million by 2023, at a CAGR of 5.47% during the forecast period. Safety regulations formulated by governments and international bodies, growth of various end-use industries, and increased funding for R&D in microscopy are key factors projected to drive the growth of the acoustic microscopy market. Increased focus on nanotechnology and regenerative medicine is also contributing to the growth of the acoustic microscopy market.
Sonoscan is a leader in the Acoustic Micro Imaging (AMI) technology for non-destructive internal inspection and analysis. The company has launched various new products in the acoustic microscopy market. In February 2017, the company launched J610 C-SAM acoustic microscopes. In May 2016, Sonoscan added Quantitative Dynamic Z (Q-DZ) surface tracking feature to C-SAM systems, thereby rectifying the issue of scanning warped wafers in these systems. The adoption of new product launches strategy is expected to help the company expand its product offerings in the acoustic microscopy market.
Hitachi is a key player in the acoustic microscopy market. The company is involved in the development of scanning acoustic tomography/inspection equipment. It provides highly reliable scanning acoustic microscopes for use in various industries, such as semiconductor and material science. Hitachi participates in various shows and exhibitions to expand its business and enhance its brand image. This, in turn, is expected to help the company strengthen its foothold in the acoustic microscopy market.
PVA TePla develops new and advanced technologies for use in scanning acoustic microscopy. It provides innovative analytical solutions for applications in material science and biology. The company also offers analytical solutions for undergoing inspection of semiconductor systems and carrying out defect analysis in ingots for the production of wafers and Microelectromechanical Systems (MEMS). In July 2016, PVA TePla became a part of the European joint project, Metrology for future 3D-technologies (Metro4-3D). In February 2017, the company partnered with Integrated Surface Technologies (US) to increase its global sales and enhance its contract services and field services. This development strategy is expected to help the company enhance its business prospects and widen its customer base.
EAG Laboratories is one of the leading companies offering scientific services. It is a highly differentiated player offering analytical testing and consulting solutions. The company participates in seminars and webinars to promote its products. In April 2017, the company presented a paper on metallurgical failure analysis to Independent Metallurgical & Materials Engineering Consultants of California (IMECA). As a part of its key strategy, the company is focused on expanding its presence worldwide.
Related Reports:
Acoustic Microscopy Market by Offering (Microscopes, Accessories & Software, Services), Application (Non-Destructive Testing, Quality Control, Failure Analysis), Industry (Semiconductor, Life Science), and Geography - Global Forecast to 2023
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