Product Insights
The product is categorized into optical, electron, and scanning probe microscopes. The electron microscope
captures the highest shares due to its various applications and functions. Currently, the electron microscope
dominate the marketplace.
With technological advancement, scanning probe microscope are gaining popularity in the market space due to
accurate magnifying capacity at atomic level giving sharp images. Thus, this segment is expecting the fastest
growth over the forecast period.
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Application insights
The application segment is classified in material science, nanotechnology, life science and semiconductors. The
life science segment holds 29.22% of revenue share and dominates the industry followed by the
semiconductors.
With recent development in sciences, nanotechnology is gaining space in the industry. the recent research and
developments in pharmaceuticals, chemicals, biotechnology and other fields are boosting the Nano
technological applications. Hence, this segment is anticipated to be the fastest growing segment overt he
forecast period.
Regional insights
North America accounts for 34.13% revenue share in 2016. The largest share in North America is accounted due
to its strong economy, technology advancement and high adoption rate in the region. In addition, the
government provides heavy funding and investment in the R&D, thus opening more opportunities for the
market players.
Asia Pacific incorporated the growing economies such as India, Japan and China. Japan is the largest
manufacturer of technology products with the vast number of local manufacturers. The government initiatives
such as project funding for R&D development and funding for the infrastructure development at the schools
and colleges increase the market. Thus, this region is projected to be the fastest growing over the forecast
period.