Nanomechanical Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2028

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Nanomechanical Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2028

Status : May, 2020 | Semiconductor & Electronics | PPT format

Report Digest

Nanomechanical Testing Market – Introduction

Nanomechanical testing involves the technique and equipment used to study the fundamental mechanical properties of materials at the level of nanometers. The testing of mechanical properties of nanomaterials forms the scientific foundation for nanotechnology.

Nanomechanical testing equipment and methods are used to test the effectiveness of nanomaterials for specific applications by thoroughly analyzing the thermal, elastic, and kinetic properties of nanostructures. The testing equipment and techniques is finding usage in the production of nanopowders, nanotubes, carbon nanotubes, nanocoatings, nanocomposite materials, nanorods, nanowires, and other nanostructures. Nanotechnology-based components are finding widespread adoption in an assortment of industries and the demand for these elements is estimated to remain robust in the foreseeable future. A surge in the demand for nanotechnology-based components in an array of industrial applications is expected to fuel nanomechanical testing market growth with the market generating revenues of approximately US$ 280 million in 2018.

Nanomechanical Testing Market – Dynamics

High-Temperature Nanomaterial Testing to Remain a Vital Revenue Pocket

With nanotechnology being a relatively newer field of interest in an array of industries, it is necessary to analyze the mechanical properties of nanomaterials under harsh environmental conditions to ensure they impart effective performance in real-time conditions. Testing of nanomaterials under high temperature is gradually gaining traction, stemming from the burgeoning demand for nanocoatings in high-temperature applications such as aerospace engine component production, nuclear reactor cladding, and high-speed machining. Effective analysis of the mechanical properties of nanomaterials under extreme temperature conditions is necessary to ascertain the performance of these advanced materials. Nanomechanical testing of materials at high temperature requires the use of precise, accurate, and careful designing of equipment than the ones used for analysis of these materials at room temperature. The burgeoning demand for the development of high-precision nanomechanical testing equipment and techniques are estimated to contribute significantly to the market growth. Nanoindentation is gradually emerging as a popular nanomechanical testing procedure for effectively analyzing the mechanical properties of nanomaterials under high temperatures.

Breakthroughs in MEMS Development to Uphold Nanomechanical Testing Market Growth

MEMS or micro-electro-mechanical systems are miniaturized versions of mechanical or electro-mechanical components which can vary in size from one micron to several millimeters. These are nothing but miniature sensors, actuators, and microelectronics. Continuous innovation and research and development in MEMS production are aiding manufacturers to effectively use the devices in analyzing the mechanical and electrical properties of nanostructures.

Additionally, nanomechanical testing is also used for the production of effective MEMS designs and devices. Organizations are increasingly using nanoindentation in combination with other nanomechanical testing techniques for testing the fracture and stiffness resistance of MEMS structures. Further, nanomechanical testing is finding widespread usage in the assessment and optimization of MEMS device tribology which is central to measuring the performance, reliability, and efficiency of these devices. MEMS is expected to find extensive adoption in biotechnology, medicinal, communication, and sensing applications which, in turn, is likely to bolster nanomechanical testing market growth.

Intensifying R&D in Structure Modification: a Key Determinant of Market Success  

Controlling the structure of conventional materials while their modification to produce relevant and desired performance results is gradually gaining traction in an assortment of industries such as construction, semiconductor manufacturing, and electronics. With increasing microstructure complexity and growing demand for thinner, flexible, and smaller nanomaterials, the requirement for efficient classification techniques to measure the impact of changes on the overall mechanical properties of the structure is on the rise. Accelerating development and investments in material technology is expected to bolster nanomechanical testing market proliferation.

Environmental Safety and Human Health Concerns Surrounding Nanomaterials to Stifle Market Growth

A rapid rise in the uptake of nanomaterial in an assortment of industries is causing an increasing concentration of nanomaterials to enter the environment and even the human body. Increasing concentration of nanomaterial in the environment has been found out to have an adverse impact on small fish, algae, bacteria, and other crustaceans, a factor which could potentially create an imbalance in the ecosystem. The lack of effective techniques for measuring and defining the adverse impact of nanomaterials on human health and environment is further raising concerns about the growing use of the material in industries. These factors are expected to dampen nanomechanical testing market growth as administrations around the world are increasingly contemplating to implement stringent guidelines on the manufacturing and disposing of nanostructures.

Nanomechanical Testing Market – Notable Highlights

  • In order to capitalize on the burgeoning demand for nanomechanical testing equipment, Almenis announced collaborating with Physical Electronics GmbH giving the latter exclusive rights for distribution of its nanomechanical property measurement instruments in Germany and Austria.
  • In line with the bolstering innovations in the nanomechanical testing market, Bruker Corporation announced the launch of AFM-nDMA mode for its Dimension atomic force microscopes. The new mode of operation is the first-of-its-kind feature which allows the nanoscale viscoelastic measurements which are in tune with the bulk dynamic mechanical analysis (DMA) conducted over an entire frequency range in bulk rheological measurements.
  • Nanoscience Instruments, a leading player in the nanomechanical testing market, announced a strategic alliance with KLA-Tencor Corporation according to which the former will have the exclusive distribution rights for KLA’s Nano Indenter G200 and T150 UTM systems as a part of its own product portfolio.

Some of the most prominent competitors operating in the competitive landscape of global nanomechanical testing market include –

  • Micro Materials Limited
  • Testometric Co. Ltd.
  • Quad Group Inc.
  • Illinois Tool Works Inc.
  • MTS Systems Corporation
  • Nanomechanics Inc.
  • Biomomentum Inc.

Nanomechanical Testing Market – Segmentation

On the basis of offerings, the nanomechanical testing market can be segmented into:

  • Hardware
  • Software

Based on the end-use application, the nanomechanical testing market can be segmented into:

  • Life Sciences
  • Industrial Manufacturing
  • Material Development
  • Semiconductor Manufacturing

On the basis of instrument type, the nanomechanical testing market can be segmented into:

  • TEM
  • Dual-beam
  • SEM

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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