The global nanomechanical testing market is expected to grow from USD 279 million in 2018 to USD 345 million by 2023, at a CAGR of 3.65% from 2018 to 2023. The increasing demand for testing various materials to understand its properties on a nanoscale would increase the market for nanomechanical testing services for several applications, such as life sciences, industrial manufacturing, and material development.
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Top 2 Players in Nanomechanical Testing Market:
Bruker is among the pioneers in technologies for elemental analysis. Recently, the company adopted acquisition as an inorganic growth strategy. The company’s business strategies depend on its ability to successfully commercialize a broad range of products based on varied technology platforms, including magnetic resonance technology, pre-clinical imaging technology, mass spectrometry technology, and X-ray technology. However, rapidly changing technologies could make the company’s few product lines obsolete unless it is able to continually improve its existing products and develop new products. In July 2018, Bruker acquired the business of Lactotronic B.V., a Dutch developer and manufacturer of analytical instruments for the dairy industry having 25 years of experience in milk analysis. Lactotronic offers high-quality and high-precision analytical equipment such as the MIRA milk analyzer for milk laboratories to standardize routine milk analysis processes. The acquisition will enable further product developments for dairy and milk quality control analyzers.
In April 2018, Bruker announced new technologies and products for nuclear magnetic response (NMR) spectroscopy. These innovations are likely to enhance analysis in academic, pharmaceutical, and industrial research markets, as well as enable discoveries in structural and cell biology.
MTS System Corporation provides a wide range of testing services. The company focuses on inorganic growth strategies. For example, in July 2016, the company acquired PCB Group (Depew, NY, USA), a global leader in the design, manufacture, and distribution of sensor technologies used for vibration, pressure, and force measurement. This acquisition helped MTS to become the provider of sustainable, technology-leading test and measurement solutions due to the expansion of its product portfolio, as well as allowed to serve customers in every major market across the world. The company’s Tytron 250 product is designed specifically for testing small specimens with low loads, ranging from 0.001 N to 250 N, for reliable, productive, and highly accurate “microforce” testing.
Nanomechanical Testing Market by Offering (Hardware, Services), Application (Material Development, Life Sciences, Industrial Manufacturing, and Semiconductor Manufacturing), Instrument Type (SEM, TEM, & Dual-Beam), and Geography - Global Forecast to 2023
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