X-ray Photoelectron Spectroscopy Market Size By Application (Healthcare, Semiconductors, Electronics, Aerospace, Automotive), By Usage (Element Detection, Contamination Detection, Density Estimation, Empirical formula Determination), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, India, China, Japan, Mexico, Brazil, South Africa), Growth Potential, Competitive Market Share & Forecast, 2016 - 2023

Published Date: May 2016 | 80 Pages | Report ID: GMI431 Report Format: PDF

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Industry Trends

(XPS) X-ray Photoelectron Spectroscopy Market size was over USD 475 million for 2015 with 6.0% CAGR estimation from 2016 to 2023.

U.S. X-ray Photoelectron Spectroscopy Market Size, By Application, 2012-2023 (USD Million)
U.S. X-ray Photoelectron Spectroscopy Market Size, By Application, 2012-2023 (USD Million)

Growing drug research and safety demand with increasing application photoelectron spectroscopy in different industries are key attributing factors for the global (XPS) x-ray photoelectron spectroscopy market growth worldwide. High demand in pharmaceuticals, bio-monitoring, food, mining, and chemical industries with increased application in raw material study, and final product quality control has been observed.

Introduction of hyphenated technologies developed by different manufacturers to resolve complicated analytical issues will drive the XPS market across the globe. Factors such as reimbursement scenario, presence of technologically sophisticated research laboratories coupled with increasing health and lifestyle awareness are indicative of promising market opportunities to support the growth and acceptance spectroscopy platforms across the globe.

Increased use in identifying defects like craters, dewetting, etc. and problems occur during automotive coatings will be a significant growth factor for x-ray photoelectron spectroscopy market. Lack of required technical staff and increasing competition from more advanced technologies may affect the x-ray photoelectron spectroscopy market negatively.

X-ray Photoelectron Spectroscopy Market, By Application

Healthcare was the highest revenue generating application with more than 40% of total x-ray photoelectron spectroscopy market share for 2015. This technique has been used widely to characterize the surface chemistry of materials used in bioengineering. Strict regulatory requirement in research for permitted contaminants level, drug safety and reduced medication errors will surge the industry demand. It is used to study the medical implants, biomaterials, determine the biomolecule components, drug safety, etc. Rising healthcare expenditure and advancements in technology should aid penetration.

Medical X-ray photoelectron spectroscopy industry includes packaging and printing. It involves in material printing to support contamination detection at different stages throughout manufacturing procedure, in storage and product testing. Automotive industry will grow at highest rate of 6.7% during the forecast years due to increasing use in identifying contaminants and defects caused by surface tension driven flows on car bodies.

X-ray Photoelectron Spectroscopy Market, By Usage

Contamination detection is estimated to be the emerging sectors with recorded 6.4% CAGR during the forecast years. Rising R&D expenditure by biotechnology, pharmaceutical, electronics, and semiconductors industries for novel product innovation are major impacting factors for the x-ray photoelectron spectroscopy market growth.

Contaminat detection will grow over USD 260 million for 2023, and may seize considerable revenue share with growing applications in semiconductors and drug safety industries. Increasing usage in detection of adventitious contaminants such as hydrocarbons, silicones, and other chemicals that may affect the function of a biomaterial or medical device or biological interactions will rise the x-ray photoelectron spectroscopy market share.

X-ray Photoelectron Spectroscopy Market, By Region

U.S. XPS market share is estimated to surpass USD 250 million till 2023 with North America leading the x-ray photoelectron spectroscopy market share. Favourable regulatory landscape, increasing applications for medical and drug safety research, rapid implementation of technologically innovative instruments, and growing hyphenated technique demand are the major driving factors. Implementation of various health policies to ensure the drug safety and quality by the U.S FDA and other regulatory agencies create awareness about the medical research among manufacturers. This in turn promotes the use of technologically advanced analytic techniques.

UK XPSmarket size is majorly attributed to the presence of skilled professionals and well-equipped laboratories coupled with favourable government investment to encourage research activities in the region.

India and China will drive the APAC XPS market share, in 2023. Growing healthcare industry in developing nations, rapid development in regional infrastructure, will increase x-ray photoelectron spectroscopy market penetration. Rigorous initiatives made by leading industry players to expand their operations in emerging markets will substantially fuel the growth and acceptance of the technology.

Competitive Market Share

Key industry players include Evans Analytical Group, Intertek, Kratos Analytical, Kett, and V G Scienta. Other prominent players include Mitsubishi Electric, Thermo Fisher Scientific, and Yokogawa. Mergers & acquisitions and expanding product portfolio are the major strategies adopted by leading international players in x-ray photoelectron spectroscopy (XPS) market, to maintain their position.

X-ray Photoelectron Spectroscopy Industry Background

X-ray photoelectron spectroscopy is the most broadly applicable surface analysis technique today. X-ray photoelectron spectroscopy market size is growing with increasing demand for high performance materials in surface engineering. Many problems related with modern materials can only be resolved with better study of the chemical and physical interactions that occur at the surface or material’s layers. Recently, HB synchrotron light sources have made lateral resolutions with 100 nm range possible. Recently, it was stated that this technique is been used in forensic applications by scientists at Massachusetts' Thermo Scientific Laboratories.

What Information does this report contain?

Historical data coverage: 2012 to 2015; Growth Projections: 2016 to 2023.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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