Service laboratory is used widely in sectors such as material science, bioscience, industrial science, and electronics. The growth of this market is propelled by the growing use of SEM and TEM for service laboratory applications and high usage of such equipment in the machinery & tools and metal & metallurgy sectors. Service laboratory are being extensively used in a wide range of sectors due to the ever-increasing complexity of circuitry and related component packaging demands, ever better quality in the sample preparation of electronic devices and other machineries for service laboratory, and yield enhancement.
The service laboratory market has been segmented based on product, application, and geography. The said market has been categorized based on products into SEM and TEM systems. In terms of application, the market has been segmented into material science sector, bioscience sector, industrial sector, and electronics sector. Increasing demand for service laboratory in research labs tend to increase the growth of the global bio-science market.
Service Laboratory Market
Growth in semiconductor technologies as well as investment in research labs in Asia-Pacific countries are factors fueling the growth of the service laboratory market. Miniaturization trend of semiconductor chips and various mechanical and electronic products is driving manufacturers to study and perform root cause analysis. The super-resolution fluorescence microscopy techniques are largely used in life science applications, such as life science universities, biopharmaceutical companies, and forensic laboratories due to which the material science market is expected to grow at a CAGR of 8.2% during the forecast period of 2014 to 2020.
The global service laboratory market is expected to reach a value of USD 5.45 billion by 2020, at a CAGR of 6.45% from 2014 to 2020. The market for bioscience is expected to grow at a high CAGR of 9.6% during the forecast period. North America is the biggest service laboratory market, followed by Asia-Pacific and Europe.
Service Laboratory Market
The key revenue pockets for the service laboratory market are expected to comprise SEM, TEM, FIB, and dual-beam systems. Major players in this segment are Carl Zeiss SMT GmbH (Germany), FEI Company (U.S.), JEOL Ltd. (Japan), Hitachi High-Technologies (Japan), and Tescan (Czech Republic) among others.
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This market is expected to have a huge growth potential due to their various benefits. The demand in the material science sector is currently driving the service laboratory market. This is mainly because of the extensive applications in machinery & tools and oil & gas sectors.
This report covers all aspects pertaining to service laboratory in terms of product, application, and geographic analysis.
