Wednesday, July 6, 2022

X-ray Inspection Systems Market for Electronics & Semiconductor worth $772.8 Million by 2029

 


 

According to a new market research report titled X-ray Inspection Systems Market For Electronics & Semiconductor by Component (Hardware, Software, Services, Consumables), Imaging Technique (Film-Based Imaging, Digital Imaging), Dimension (2D X-Ray, 3D X-Ray), Application and Geography—Forecast to 2029”, published by Meticulous Research®, the X-ray inspection systems market for electronics & semiconductor is expected to grow at a CAGR of 11% from 2022 to 2029 to reach $772.8 million by 2029.

X-ray inspection systems for electronics & semiconductors are used to detect defects or flaws in any electronic products without any destruction or disassembly. The adoption of X-ray inspection systems for electronics & semiconductors is increasing in the electronics & semiconductors industry as it offers defect detection without disassembly or destruction with high efficiency, precision, and speed, thus maintaining high product quality.

X-ray systems for electronics & semiconductors play an important role in product R&D, manufacturing, and installation processes. The end-user demand for X-ray inspection systems is increasing due to various factors, such as stringent safety standards, increasing consumer awareness for quality products and finished goods, rising security concerns, increasing manufacturing automation, and miniaturization of products and internal components.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5253?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

Some of the major trends that are expected to support the growth of this market are the increasing application of AI in X-ray inspection systems and the growing adoption of CT inspection for production line applications.

Stringent government regulations for asset safety, increasing consumer awareness regarding quality standards, and the large-scale digitalization, automation, and miniaturization of electronic devices are driving the growth of the X-ray inspection systems market for electronics & semiconductors. Increasing automation of digital X-ray inspection systems, miniaturization of X-ray, inspection systems for higher mobility, and increasing user-friendliness due to technological advancements in hardware offer lucrative growth opportunities for this market's growth. However, the availability of substitute technologies and high equipment & maintenance costs are expected to restrain the market’s growth. The lack of qualified personnel is expected to remain a major challenge for market growth.

Impact of COVID-19 on the X-ray Inspection Systems for Electronics & Semiconductors

The COVID-19 pandemic has negatively impacted most industries, globally. Some industries either shut down manufacturing operations following the directives issued by local governments or operated at minimal capacities to ensure social distancing and employee safety. The revenues of major companies decreased significantly due to halted operations. X-ray inspection is important for various industries, including electronics & semiconductors, automotive, aerospace, and oil & gas. Hence, the X-ray inspection systems market for electronics & semiconductors was moderately impacted due to reduced economic activity and operations. In 2020, the electronics & semiconductors industry suffered considerable losses due to the COVID-19 pandemic.

The semiconductor industry took a significant hit in 2020 due to acute raw material shortages and limitations on production, further impacting the electronics industry due to the decreased supply of semiconductor components. Also, the high demand for semiconductors across several industries coupled with disrupted supply chains and production shortages created a considerable demand-supply gap. The shortages were more severe in 2020, largely due to trade restrictions. Some companies reduced production and chip purchases due to fluctuations in the demand for end-use products. The demand for chips was very high and continues to rise among downstream sectors, including automotive, consumer electronics, aerospace & defense, oil & gas, and industrial robotics. However, the global supply chain for semiconductors has not yet fully recovered; therefore, the shortages are expected to continue in the coming years.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5253?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

PCB inspection, one of the major applications of X-ray inspection systems for electronics & semiconductors, witnessed a significant decrease in top-line revenues due to the COVID-19 pandemic. Disrupted supply chains and production losses also lowered the requirement for X-ray inspection services in the electronics & semiconductor industries. However, in response to the global semiconductor shortage, the semiconductor industry has optimized fabrication utilization surpassing the normal utilization level (80%). Front-end semiconductor fabrication facilities, or fabs, typically run above 80% capacity utilization, with some fabrication companies reaching even 90–100% capacity utilization. Over the past two years, the industry has steadily increased overall fab utilization and is estimated to further increase utilization during 2022 to meet the growing demand. Higher fab utilization to boost chip production is expected to increase the demand for X-ray inspection systems in semiconductor chip manufacturing during the forecast period.

X-ray Inspection Systems Market for Electronics & Semiconductors - Overview

The X-ray inspection systems market for electronics & semiconductors is segmented based on component, imaging technique, dimension, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on component, the global X-ray inspection systems market for electronics & semiconductors is segmented into hardware, software, services, consumables. The hardware segment is expected to account for the largest share of the overall X-ray inspection systems market for electronics & semiconductors in 2022. The large market share of this segment is attributed to the high adoption of X-ray inspection systems hardware due to technological advancements in radiation sources, tubes, and flat-panel detectors.

Based on imaging technique, the X-ray inspection systems market for electronics & semiconductors is segmented into film-based imaging and digital imaging. The digital imaging segment is further segmented into direct radiography, computed tomography, and computed radiography. The digital imaging segment is expected to account for the larger share of the X-ray inspection systems market for electronics & semiconductors in 2022. The large market share of this segment is attributed to the advantages of digital imaging, such as the mitigation of chemical hazards associated with X-ray processes, lower radiation requirements for image production, enhanced image quality, faster processing time, quick image sharing & easy storage, and lower operation & maintenance costs.

The digital imaging segment is further segmented into direct radiography, computed radiography, computed radiography. In 2022, the direct radiography segment is expected to account for the largest share of the X-ray inspection systems market for digital imaging. Effective dynamic range, high contrast detectability, accurate image capture, less radiation exposure, high flexibility, and lower operational costs are the factors attributed to the large market share of this segment. Direct radiography is one of the most effective and accessible digital imaging technologies. Its features include effective dynamic range, high contrast detectability, accurate image capture, less radiation exposure, high flexibility, and lower operational costs.

Quick Buy – “X-ray Inspection Systems Market For Electronics & Semiconductors” Research Report:   https://www.meticulousresearch.com/Checkout/29000583?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

Based on dimension, the X-ray inspection systems market for electronics & semiconductors is segmented into 2D and 3D X-ray systems. The 2D X-ray systems segment is expected to account for the largest share of the X-ray inspection systems market for electronics & semiconductors in 2022. 2D X-ray systems help minimize radiation emissions and incur lower operational costs, resulting in the high adoption of these systems in electronics & semiconductor inspection processes. However, 3D X-ray systems segment is expected to witness a rapid growth during the forecast period. The demand for 3D X-ray systems is increasing rapidly due to various factors such as government regulations for security and safety; and rising demand for high-quality products, digitalization, and miniaturization. Owing  to this, various companies have started focusing on research and development and partnering with other industrial X-ray companies to bring 3D X-ray Inspection solutions to market. For instance, in January 2021, ViTrox Technologies partnered with MTSC (Thailand) Co., Ltd. to represent ViTrox for the distribution of ViTrox's Advanced 3D Optical Inspection (AOI) solution and Advanced 3D X-ray Inspection (AXI) solution in Thailand.

Based on application, the X-ray inspection systems market for electronics & semiconductors is segmented into PCB inspection, automated optical inspection, wafer inspection & packaging, solder joint inspection, advanced logic & memory, advanced power (GAN & SIC), displays & touch panels, electronic components inspection, RF & OPTO LED devices, solar, and others applications. The PCB inspection segment is expected to account for the largest share of the X-ray inspection systems market for electronics & semiconductors in 2022. Since printed circuit boards are made of various complex electrical parts, testing PCB for possible faults or errors becomes necessary to avoid malfunction, driving the use of X-ray inspection systems in PCB  inspection.  

Based on geography, the global X-ray inspection systems market for electronics & semiconductors is segmented into five major regions: Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia-Pacific is expected to account for the largest share of the X-ray inspection systems market for electronics & semiconductors in 2022. The increasing demand for remote visual inspection of assets in the electronics industry and stringent government safety rules are the major factors driving the growth of this market in Asia-Pacific.

The key players operating in the X-ray inspection systems market for electronics & semiconductors are North Star Imaging Inc. (U.S.), Nikon Metrology, Inc. (U.S.), Nordson Corporation (U.S.), YXLON International GmbH (Germany), VJ Group, Inc. (U.S.), Mettler Toledo International Inc. (U.S.), Ametek, Inc. (U.S.), Viscom AG (Germany), ViTrox Corporation Berhad (Malaysia), Test Research, Inc. (Taiwan), Baker Hughes Company (U.S.), Saki Corporation (Japan), Shenzhen Unicomp Technology Co., Ltd. (China), GÖPEL electronic GmbH (Germany), and Scienscope International (U.S.) among others.

TOP 10 COMPANIES IN X-RAY INSPECTION SYSTEMS MARKET FOR ELECTRONICS & SEMICONDUCTORS

Scope of the Report

X-ray Inspection Systems Market For Electronics & Semiconductors, by Component

  • Hardware
  • Software
  • Support Services
  • Consumables

X-ray Inspection Systems Market For Electronics & Semiconductors, by Imaging Technique

  • Digital Imaging
    • Direct Radiography
    • Computed Radiography
    • Computed Tomography
  • Film-based imaging

X-ray Inspection Systems Market For Electronics & Semiconductors, by Dimension

  • 2D X-ray Systems
  • 3D X-ray Systems

X-ray Inspection Systems Market For Electronics & Semiconductors, by Application

  • PCB Inspection
  • Automated Optical Inspection
  • Wafer Inspection & Packaging
    • Failure Analysis
    • Layer Analysis
    • Silicon QC
    • Impurity Analysis
  • Solder Joint Inspection
  • Advanced Logic & Memory
    • Crystalline Defect Inspection
    • Nanosheet Development
    • PCRAM Thickness and Composition
  • Advanced Power (GAN & SIC)
    • GaN-on-SI POWER DEVICE METROLOGY
    • SiC Defect Detection
  • Displays & Touch Panels
  • Electronic Components Inspection
    • PCB Thickness and Composition
    • Restricted Materials Screening (ROHS)
  • RF & OPTO LED Devices
  • Solar
    • Shallow Impurities in Silicon
    • Thin Film Elemental Analysis
    • Silicon Quality Control
    • Passivation Layers
  • Other Applications

X-ray Inspection Systems Market For Electronics & Semiconductors, by Geography

  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • ASEAN Countries
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • North America
    • U.S.
    • Canada
  • Latin America
  • Middle East & Africa

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5253?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

 

 

Rapid Diagnostics: Industry Analysis, and Future Applications..!!

 

Rapid Diagnostics: Industry Analysis, and Future Applications..!!

 

According to a new market research report titled "Rapid Diagnostics Market by Product (Kits [OTC, Professional], Readers), Platform (Lateral Flow, Serological, PCR), Application (Blood Glucose, Infectious Diseases, Pregnancy, Drugs of Abuse), End User (Hospitals, Diagnostic Labs, Home Care) — Global Forecasts to 2029", published by Meticulous Research®, the rapid diagnostics market is expected to grow at a CAGR of 8.9% from 2022–2029 to reach $18.20 billion by 2029.

A rapid diagnostic test (RDT) is a medical diagnostic test intended to provide diagnostic results efficiently and immediately (within 1 hour). RDT kits are widely used in hospitals, clinics, and diagnostic laboratories for the qualitative and quantitative detection of specific antigens, antibodies, and genetic material or proteins associated with a specific health condition or disease.

The growth of the overall RDT market is driven by key factors, such as the growing demand for POC diagnostics, the rising prevalence of chronic diseases coupled with the increasing aging population, the growing necessity for rapid decision making in emergency departments, and emerging technological innovations.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5240?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

Impact of COVID-19 on the Rapid Diagnostics Market

The COVID-19 pandemic positively impacted the rapid diagnostics market in terms of revenue; however, the pandemic negatively impacted the sales of routine testing kits used mainly to screen cancer, blood glucose, cardiac markers, lipid profile, cholesterol, and other infectious diseases. The COVID-19 pandemic led to a reduction in the number of overall diagnostic testing conducted globally, which translated further into reduced instrument installations and reduced sales of reagents and consumables, but the loss of sales occurred in routine testing kits was compensated by high sales of COVID-19-related tests. The loss of sales of routine testing kits was mainly affected due to factors such as:

  • The restrictions on local travel and public gatherings discouraged patients from visiting physicians, health practices, and hospitals. These restrictions largely affected elderly patients.
  • As many hospitals diverted their resources towards treatment and management of COVID-19 infections, it was observed that hospitals and health practices experienced a certain level of operational disruptions leading to delays or cancellations of patient visits, especially for non-critical procedures.
  • Companies operating in the market reported an increase in forward purchases in the first quarter of 2020 as distributors stocked up products in anticipation of lockdowns, which resulted in supply chain disruptions. This led to a higher level of sales prior to restrictions being imposed, followed by a lower level of sales during the second quarter of 2020.

To tackle the pandemic, governments worldwide depended on rapid diagnostic kits to diagnose COVID-19 infections. Also, various governments took several initiatives to support the testing needs of their respective countries. Some of them are listed below:

  • In May 2021, the Indian Council of Medical Research (ICMR) approved the self-use Rapid Antigen Test for COVID-19 developed by Mylab Discovery Solutions Pvt. Ltd. (India), designed for home testing to screen symptomatic individuals and people who came in contact with infected patients.
  • In April 2021, the Japanese Government launched a new COVID-19 negative proof system known as, TeCOT (COVID-19 Testing Center for Overseas Travelers) on smartphones, via which a certificate was provided to individuals whose PCR test for COVID-19 was negative. The main aim of this application was to support the smooth movement of people traveling overseas for work.
  • In December 2020, the French Government launched a mass COVID-19 screening campaign in the French cities of Le Havre, on the Normandy coast, and Charleville-Mézières to control the spread of the disease.
  • In November 2020, Chinese authorities ordered mass testing of the entire city of Manzhouli after some suspicious cases of COVID-19 infections were identified in the city.
  • In October 2020, the Italian Health Ministry announced rapid COVID-19 diagnostics tests to be conducted throughout the country to control the rising incidences of COVID-19 infections.
  • In June 2020, to promote the number of COVID-19 tests conducted across the country, the Indian Council of Medical Research (ICMR) encouraged other manufacturers/developers of rapid diagnostics kits with antigen detection assays to come forward for validation.

It was observed that during the COVID-19 pandemic, many diagnostics products were launched to fulfill the demand for COVID-19 infection diagnosis. Also, companies operating in the market started to hold web meetings and webinars to interact with their customers and shareholders and provide product descriptions, customer demonstrations, and applications training.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business:  https://www.meticulousresearch.com/speak-to-analyst/cp_id=5240?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

Thus, the COVID-19 pandemic negatively impacted the sales of routine testing kits globally, but high sales of the COVID-19-related tests compensated for the loss of sales in routine testing kits.

Rapid Diagnostics Market: Future Outlook

The overall rapid diagnostics market is segmented based on product (kits and test readers/analyzers), platform (immunoassays, molecular detection, and other platforms), application (blood glucose testing, cardiac metabolism testing, infectious diseases testing, coagulation testing, pregnancy & fertility testing, fecal occult testing, hematology testing, tumor/cancer markers testing, drugs of abuse testing, urinalysis, and cholesterol testing), end user (hospitals & clinics, diagnostic laboratories, home care/self testing, and other end users) and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes their market shares at the global and regional levels.

Based on product type, the kits segment is estimated to account for the largest share of the overall rapid diagnostics market in 2022. The large share of this segment is attributed to the rising adoption and repetitive kits usage. In addition, the growing portfolio of disease-specific kits for the early diagnosis of chronic diseases and the increasing technological advancements are other factors supporting the growth of this segment. However, the test readers/analyzers segment is expected to witness the fastest growth rate during the forecast period. The high growth rate of this segment is attributed to the capabilities of these devices to simultaneously read multiple tests in one scan and scale large volumes. In addition, healthcare facilities adopt analyzers for quick analysis compared to centralized lab analyzers due to their features, such as compact size, portability, and easy accessibility.

Based on platform, the immunoassays segment is estimated to account for the largest share of the overall rapid diagnostics market in 2022. The large share of this segment is attributed to the capability of immunoassay kits to provide fast and accurate results with high sensitivity in point-of-care diagnostics. Countries worldwide require rapid and accurate SARS-CoV-19 testing kits to tackle the COVID-19 pandemic. Thus, companies have started developing immunoassay kits that provide results with higher sensitivity, accuracy, and speed. For instance, in May 2021, Stream Bio (U.K.) and Chelsea Technologies (U.K.) formed a joint venture, Brightline Diagnostics (DX), and created a unique platform known as Claritas that couples fluorescent lateral flow test with a highly sensitive handheld reader, delivering significant advantages over existing assays. However, the molecular detection segment is expected to witness the fastest growth rate during the forecast period. The growing need for advanced diagnostic techniques and the launch of innovative technologies are factors attributed to the high growth rate of this segment. In addition, the high demand for rapid PCR diagnostic kits due to the COVID-19 pandemic further boost the growth of this segment. For instance, countries such as Japan and India rely heavily on RT-PCR kits to diagnose and manage COVID-19 infections. Also, numerous countries worldwide have made negative COVID-19 RT-PCR test reports mandatory for international and local travelers.

Based on application, the infectious disease testing segment is estimated to account for the largest share of the rapid diagnostics market in 2022. The large share of this segment is mainly attributed to the rising prevalence of infectious diseases and the growing demand for affordable infectious disease testing in emerging markets. For instance, in the U.S., the number of estimated new hepatitis A virus (HAV) infections increased by nearly three folds in 2017 compared to 2014. However, the tumor/cancer markers testing segment is expected to witness the fastest growth rate during the forecast period. The growing incidences of cancer among the general population is the major factor attributed to the high growth rate of this segment. According to WHO, cancer was the leading cause of death globally in 2020, accounting for approximately 10 million deaths. Furthermore, nearly 70% of deaths out of the total deaths from cancer occur in low- and middle-income countries; therefore, early detection is extremely important to reduce mortality, enhance survival, and save treatment costs. Thus, healthcare workers utilize various rapid diagnostic kits for the early detection of cancer.

Quick Buy – Rapid Diagnostics Market Research Report:  https://www.meticulousresearch.com/BuyNowToCheckout/1642?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

Based on end user, the hospitals & clinics segment is expected to witness the fastest growth rate in the forecast period. The rising number of hospitals worldwide and the increase in healthcare access & expenditure are attributed to the high growth rate of this segment. For instance, the American Hospital Association has reported that the total number of registered hospitals in the U.S. was estimated to grow by 12% to 6,210 in 2019 from 5,534 hospitals in 2018. Similarly, in India, according to the Health Management Information System Portal (HMIS), as of 2018, there were around 37,725 hospitals, which was an increase of 7.0% from 35,416 hospitals in 2013.

Geographically, North America is estimated to command the largest share of the global rapid diagnostics market in 2022, followed by Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The large market share of this region is mainly attributed to the high number of laboratory tests performed annually in North America, the rising prevalence of chronic diseases coupled with the increasing aging population, and the rising number of inpatient hospitalizations. For instance, the U.S. Department of Health and Human Services reported that the number of patients with HIV is growing with a CAGR of 2.5% in the country. It is assumed that 40% of new HIV infections in the U.S. are transmitted by people living with undiagnosed HIV; this boosts the demand for related rapid testing products throughout the country.

However, Asia-Pacific region is expected to be the fastest-growing regional market due to the growing geriatric population, the rising prevalence of infectious & chronic diseases, and various government initiatives to promote health awareness.

Key companies operating in the global rapid diagnostics market are Abbott Laboratories (U.S.), Becton, Dickinson and Company (U.S.), Bio-Rad Laboratories, Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), ACON Laboratories, Inc. (U.S.), Creative Diagnostics (U.S.), Danaher Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.), BioMérieux S.A. (France), Alfa Scientific Designs, Inc. (U.S.), BTNX Inc. (Canada), Meridian Bioscience, Inc. (U.S.), and Trinity Biotech plc (Ireland) among others.

To gain more insights into the market with a detailed table of content and figures, click here:  https://www.meticulousresearch.com/product/rapid-diagnostics-market-5240?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

 

Scope of the Report

Rapid Diagnostics Market, by Product

  • Kits
  • OTC Kits
  • Professional Kits
  • Test Readers/Analysers

Rapid Diagnostics Market, by Platform

  • Immunoassays
  • Lateral Flow Assays
  • Serological Assays
  • Other Immunoassays
  • Molecular Detection
  • Polymerase Chain Reaction (PCR)
  • Other Tests
  • Other Platforms

(Note: Other Immunoassays includes flow through immunoassays and agglutination assays; Other Tests includes microfluidic and microarray devices; and Other Platforms include coagulation tests, glucose monitoring systems, dipsticks, and other rapid diagnostic platforms)

Rapid Diagnostics Market, by Application

  • Blood Glucose Testing
  • Cardiac Metabolism Testing
  • Infectious Diseases Testing
  • Influenza Testing
  • HIV Testing
  • Hepatitis Testing
  • Sexually Transmitted Diseases (STD) Testing
  • Healthcare Associated Infection (HAI) Testing
  • Respiratory Disease Testing
  • Tropical Disease Testing
  • Other Infectious Disease Testing
  • Coagulation Testing
  • Pregnancy and Fertility Testing
  • Fecal Occult Testing
  • Hematology Testing
  • Tumor/Cancer Markers Testing
  • Drugs Of Abuse Testing
  • Urinalysis
  • Cholesterol Testing

(Note – Other infectious disease testing includes meningitis, norovirus [stomach flu], hand, foot and mouth disease [HFMD], and pertussis)
Rapid Diagnostics Market, by End User

  • Hospitals & Clinics
  • Diagnostic Laboratories
  • Home Care/Self Testing
  • Other End Users

Rapid Diagnostics Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC (RoAPAC)
  • Latin America
  • Middle East & Africa

Download Free Sample Report Now @  https://www.meticulousresearch.com/download-sample-report/cp_id=5240?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

 

Related Reports:

Vaccines Market by Indication (Influenza, Rotavirus, DTP, COVID-19), Route of Administration (Intramuscular, Subcutaneous, Oral), Type/Antigen (Conjugate Vaccines, Live Attenuated Vaccines), and Valence (Multivalent, Monovalent Vaccines) - Forecasts to 2028