The overall ion milling system market is likely to grow from USD 1.5 billion in 2019 to USD 2.3 billion by 2024; it is expected to grow at a CAGR of 8.5%. Increasing demand from developing countries is expected to provide substantial growth opportunities to players in the ion milling system market. The growth of the ion milling system market is driven by growing demand for high-end electron microscopy systems in various applications and technological advancement in microscopes.
Key players operating in the ion milling system market include Veeco Instruments Inc. (US), Leica Microsystems GmbH (Germany), Hitachi High-Technologies Corporation (Japan), Gatan, Inc. (US), Intlvac Thin Film Corporation (US), AJA International Inc. (US), Nano-Master, Inc. (US), Nordiko Technical Services Ltd. (UK), scia Systems GmbH (Germany), and Technoorg Linda Co. Ltd. (Hungary). Many of the leading players are focusing on the implementation of organic growth strategies, such as product launches/developments; agreement, contracts and partnerships; and acquisitions to boost their revenue.
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Top 2 players in the ion milling system market:
Veeco Instruments is a leading manufacturer of innovative semiconductor and thin-film process equipment. The company develops, manufactures, sells, and supports semiconductor process equipment. It has operations in North America, Asia, and Europe. Veeco Instruments is a technology leader across the markets it serves. It is penetrating new markets by leveraging sales channel and local process application support teams to build strong strategic relationships with key customers. The company’s strategy is to expand its service portfolio by improving the performance of systems, reduce customers’ cost of ownership, and enhance customer satisfaction. Veeco Instruments focuses on innovations in the field of the thin-film process equipment market. It intends to strengthen its hold in this market by investing more in R&D and partnering with global players in its respective segment. The company is investing in various research and development initiatives to maintain a competitive advantage and achieve its growth objective. It registered an increase in its R&D expenses in 2018 over 2017, primarily as a result of the acquisition of Ultratech business.
Leica Microsystems is one of the leading manufacturers of optical microscopes, equipment for the preparation of microscopic specimens, and related products. Its areas of expertise include compound & stereo microscopy, digital microscopy, confocal laser scanning microscopy with related imaging systems, sample preparation systems required in electron microscopy, and surgical microscopes. The company has seven major plants and product development sites around the world. It has a network of distribution partners in Germany and other countries in the world. The company has representatives in over 100 countries, and sales and service organizations in 20 countries, along with an international network of distribution partners. The company has several significant brand names since the extended period, including Leitz, Wild, Cambridge Instruments, Reichert-Jung, and American Optical. This eventually helps it become a strong player in the microscopes and scientific instrument market.
Ion Milling System Market by Electron Microscopy Type (SEM, TEM, FIB), Sample Material, Application (Semiconductor Manufacturing, Geological Institutes, Medical Research Institutes), and Geography - Global Forecast to 2024
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