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Analysis of Failure Analysis Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

Failure

The “Failure Analysis Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Failure Analysis Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Failure Analysis market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Failure Analysis Market Are:

  • Presto Engineering Inc.
  • IBM Corporation (IBM Global Services)
  • Rood Microtec GmbH
  • EAG Inc.
  • MASER Engineering BV
  • NanoScope Services Ltd
  • CoreTest Technologies
  • TEC Materials Testing
  • McDowell Owens Engineering Inc.
  • Leonard C Quick & Associates Inc.
  • Crane Engineering
  • Exponent Inc.

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    Market Overview:

  • The market for failure analysis was valued at USD 6.01 billion in 2018, and is expected to reach USD 9.26 billion by the end of 2024, registering a CAGR of 7.50% during the forecast period.
  • – Failure analysis is a process in which a failed product is investigated/examined to determine what caused it to fail. There are several methods that failure analysts use, for example, failure modes and effects analysis (FMEA), Ishikawa “fishbone” diagrams or fault-tree analysis (FTA).
  • – Understanding what caused one product to fail may help in improving next-generation versions of the product or other products. By performing a failure analysis on a product, critical information about the design process, manufacturing processes, material properties, or actual service conditions can be determined, in order to make the product safer or improve the next iteration.
  • – One area where failure analysis is used extensively is for finding the cause of vehicular accidents. Private and commercial vehicle accidents can result in severe property damage, bodily injury, and even loss of life. In India alone, more than 140,000 people were killed in road accidents in 2017. Mechanical failure analysis is seen as a possible remedy to find the cause of the accident, if it is related to any mechanical component.
  • – Moreover, turbines, jet engines, and other delicate rotating machinery are prevalent in numerous industries, such as heavy construction, aerospace, mining, and power generation. Rotating machinery failure can have calamitous financial consequences, in addition to the physical damage that may be caused as well.

    Scope of the Report:

  • Failure analysis is the systematic investigation of a part failure with the objectives of determining the root causes of failure and the corrective actions needed to prevent future failures. The failure analysis techniques are used in various end-user verticals like automotive, oil and gas, defense, etc.

    Failure Analysis Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Failure Analysis market?
    • What are the key market trends impacting the growth of the global Failure Analysis market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Failure Analysis market?
    • What are the market opportunities and threats faced by the vendors in the global Failure Analysis market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Failure Analysis market?

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    Key Market Trends:

    Automotive Sector is Driving the Demand for Failure Analysis

    – The automotive industry continually faces new challenges, as the demand for inexpensive and high-quality components increases. Extreme diligence must be maintained to ensure that such components are designed and manufactured with sufficient quality, in order to endure a variety of service environments.
    – Recently, Asia-Pacific witnessed a considerable growth in the automotive industry, owing to the increasing demand for passenger as well as advanced vehicles. The passenger vehicles however, find increased usage due to population density in the region. Therefore, the increasing production of passenger and luxury cars is driving the market growth in the region.
    – The automobile component may fail for different failure modes, causing severe accidents and therefore it is important to identify the failure mode for which the automobile component fails more frequently.
    – Failure analysis is also done to establish the cause of an accident, wherein analysis is employed to see which component in the automotive caused the accident.

    North America occupies the Largest Market Share

    – North America, majorly owing to the United States is one of the earliest adopters of failure analysis techniques, originally introduced to ensure no major disruptions occur in the existing business models.
    – The country is home to a majority of the dominant industries. For instance, the automotive sector in the country is ruled by General Motors and Ford, who rely heavily on automation.
    – Furthermore, the United States is one the leaders in terms of crude oil production and has several oil rigs spread out across the North American continent. After the devastating effects of various oil rig accidents, the most notable being the Deepwater Horizon oil spill that occurred in 2010, discharging over 4.5 million barrels of oil into the sea due to a mechanical failure, the need for failure analysis techniques is being felt more acutely.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Failure Analysis Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Failure Analysis .

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    Report Objectives:

    • Analyzing the size of the Failure Analysis market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Failure Analysis market.
    • Determining the key dynamics of the Failure Analysis market.
    • Highlighting significant trends of the Failure Analysis market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Failure Analysis market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Failure Analysis market.

    Detailed TOC of Failure Analysis Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Ageing Infrastructure and Increasing Need For Maintenance
    4.3.2 Technological Advancements Drive the Market Growth
    4.3.3 Innovation in Materials, Design, and Production Methods
    4.4 Market Restraints
    4.4.1 High Equipment Cost Challenge the Market
    4.5 Industry Attractiveness – Porter’s Five Forces Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry
    4.6 Industry Value Chain Analysis

    5 TECHNOLOGY SNAPSHOTS ( TECHNIQUE)
    5.1 Failure Modes Effect analysis (FMEA)
    5.1.1 Failure Modes, Effects and criticality analysis (FMECA)
    5.1.2 Functional Failure Analysis
    5.1.3 Destructive Physical Analysis
    5.1.4 Physics of failure Analysis
    5.1.5 Fault Tree Analysis(FTA)
    5.1.6 Other Failure Mode Effect Analysis

    6 MARKET SEGMENTATION
    6.1 By Technology
    6.1.1 Secondary ION Mass Spectrometry (SIMS)
    6.1.2 Energy Dispersive X-Ray Spectroscopy (EDX)
    6.1.3 Chemical Mechanical Planarization (CMP)
    6.1.4 Other Technologies
    6.2 By Equipment
    6.2.1 Scanning Electron Microscope (SEM)
    6.2.2 Focused Ion Beam (FIB) System
    6.2.3 Transmission Electron Microscope (TEM)
    6.2.4 Dual Beam System
    6.3 By End-user Vertical
    6.3.1 Automotive
    6.3.2 Oil and Gas
    6.3.3 Defense
    6.3.4 Construction
    6.3.5 Manufacturing
    6.3.6 Other End-user Verticals
    6.4 Geography
    6.4.1 North America
    6.4.2 Europe
    6.4.3 Asia-Pacific
    6.4.4 Latin America
    6.4.5 Middle East & Africa

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 Presto Engineering Inc.
    7.1.2 IBM Corporation (IBM Global Services)
    7.1.3 Rood Microtec GmbH
    7.1.4 EAG Inc.
    7.1.5 MASER Engineering BV
    7.1.6 NanoScope Services Ltd
    7.1.7 CoreTest Technologies
    7.1.8 TEC Materials Testing
    7.1.9 McDowell Owens Engineering Inc.
    7.1.10 Leonard C Quick & Associates Inc.
    7.1.11 Crane Engineering
    7.1.12 Exponent Inc.

    8 INVESTMENT OUTLOOK

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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    Name: Ajay More

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