The increasing demand for real time monitoring of several chemical reaction followed by need for reliable, non-invasive and cost effective analytical technologies have led to the increasing adoption of several spectroscopic platforms. These technologies are widely used in industries like polymer, plastic, semiconductors and healthcare. Spectroscopy platforms have gained a technological edge over the conventional analysis technologies (physical measurements). X-ray photoelectron spectroscopy is a quantitative spectroscopic technique deployed for measurement of chemical state, empirical formula, composition of elements, within the material under investigation. XPS platforms are used to analyze a wide range of metals, inorganic compounds, bio-materials, medical implants, biomolecules, polymers, ceramics, bones and others. In order to obtain unambiguous interpretation of process mechanisms and process kinetics, needs a detailed analysis of the surface of the materials thereby creating a strong demand for surface analytical methods. XPS fulfills the aforementioned needs and prove to be a very successful surface analytical tool till date employed across various industries.
The market for global X-ray photoelectron spectroscopy is impacted by several factors such as use of this technology in conjunction with other technologies, supportive government initiatives to encourage research and development activities and awareness among the users. The major end users of these platforms are specifically the trained research professionals working in various industries such as automotive, pharmaceutical, biotechnology, semiconductor, aerospace and others. For instance, in pharmaceutical research, this technique is used to determine the components of biomolecules, analyze the biomaterials, medical implants, determine the drug safety, etc.
The global X-Ray Photoelectron Spectroscopy market was valued at US$ 443.5 Mn in 2014 and is projected to reach US$ 749.8 Mn by 2023, expanding at a CAGR of 5.8% during the forecast period from 2015 to 2023. Factors such as consistent technological advances followed by increasing demand for reliable and accurate analytical methods favor the growth and acceptance of XPS platforms worldwide. On the other hand, increasing competition from more advanced technologies and lack of satisfied technical expertise are some of the factors that might restrain the market growth.
X-Ray Photoelectron Spectroscopy is employed to conduct various analyses such as forensic, contamination, elemental analysis, electronic density estimation and others. Elemental analysis segment is expected to exhibit highest growth rate during the forecast period owing to possible analysis of almost all elements in the periodic table and in turn these elements are further used in several processes performed across industries. In addition, with the increasing research activities on the spatial control of the various biomolecules and cells used in tissue engineering and other array technologies encourages the growth of XPS in elemental analysis in healthcare sector. Use of XPS in contaminant analysis is indispensable as timely identification of contaminants prevents failure in adhesion, contact bonding issues and others during their manufacturing.
The awareness levels of XPS in developed economies is high as compared to developing economies. This is majorly attributed to the presence of well-equipped research laboratories followed by presence of trained expertise and favorable government funds to promote research activities in these economies. North America and Europe dominated the global XPS market in terms of market share. The U.S. and the U.K. XPS markets are anticipated to record highest growth rates during the forecast period from 2015 to 2023. However, Asia Pacific is expected to exhibit highest CAGR during the forecast period owing to persistently improving infrastructure followed by implementation of favorable business regulations in countries like India and China. In addition, rigorous efforts implemented by leading market players to expand their operations in developing economies will further boost the growth and acceptance of XPS platforms.
The X-ray photoelectron spectroscopy market has been dominated by few leading players such as Kratos Analytical Ltd. (Shimadzu), Thermo Fisher Scientific, Ulvac PHI, Japan Electron Optics (JEOL) Ltd., among others. The setup of XPS experiment is capital intensive and requires skilled professionals to analyze and interpret the results, hence these companies, with heavy investments, will continue to dominate the market during the forecast period from 2015 to 2023.
2. Executive Summary
2.1. Global X-Ray Photoelectron Spectroscopy Market Share, by Geography, 2014-2023 (US $ Mn)
2.2. Global Market, by Analysis, 2014 (US$ Mn)
2.3. Global Market Snapshot
3. Industry Analysis: Global Market
3.2. Market Drivers
3.2.1. Driver 1: Consistent technological advances
3.2.2. Driver 2: Increasing demand for XPS in research activities across industries
3.3. Market Restraints
3.3.1. Restraint 1: Lack of awareness
3.3.2. Restraint 2: High cost of initial XPS setup
3.4. Market Opportunities
3.4.1. Opportunity 1: Emerging economies to offer lucrative growth opportunities
3.5. Porter’s Five Forces Analysis
3.6. Market Attractiveness Analysis - by Geography (2014) (%)
3.7. Competitive Landscape - by Key Players (2014) (%)
4. Global Market Segmentation – by Analysis
4.2. Global Market Revenue, by Analysis 2013–2023 (US$ Mn)
4.3. Global Forensic Analysis Market Revenue, 2013–2023, (US$ Mn)
4.4. Global Contamination Analysis Market Revenue, 2013–2023, (US$ Mn)
4.5. Global Elemental Analysis Market Revenue, 2013–2023, (US$ Mn)
4.6. Global Electronic Density Estimation Market Revenue, 2013–2023, (US$ Mn)
4.7. Global Others Market Revenue, 2013–2023, (US$ Mn)
5. Global X-Ray Photoelectron Spectroscopy Market Segmentation – by Application
5.2. Global Market Revenue, by Application 2013–2023 (US$ Mn)
5.3. Global Healthcare Application Market Revenue, 2013–2023 (US$ Mn)
5.4. Global Semiconductors & Electronics Market Revenue, 2013–2023 (US$ Mn)
5.5. Global Others Market Revenue, 2013-2023 (US$ Mn)
6. Global X-Ray Photoelectron Spectroscopy Market Segmentation – by Geography
6.2. Global Market Revenue, by Geography 2013–2023 (US$ Mn)
6.3. North America Market Revenue, 2013–2023 (US$ Mn)
6.4. Europe Market Revenue, 2013–2023 (US$ Mn)
6.5. Asia PacificMarket Revenue, 2013–2023 (US$ Mn)
6.6. Latin America Market Revenue, 2013–2023 (US$ Mn)
6.7. Middle East and Africa Market Revenue, 2013–2023 (US$ Mn)
8. Company Profiles
8.1. Evans Analytical Group
8.2. Japan Electron Optics Lab (JOEL)
8.3. Kratos Analytical ltd.(Shimadzu)
8.4. Thermo Fisher Scientific, Inc.
8.5. Ulvac PHI
8.6. VG Scienta
This report on global X-ray photoelectron spectroscopy (XPS) market analyzes the current and future prospects of the XPS technology worldwide. The stakeholders of this report include companies engaged in production and marketing of XPS systems across the globe. This report encompasses an elaborate executive summary, with a market snapshot that provides overall information of major market segments and sub-segments included in the study scope. This section also provides the overall information and data analysis of the market with respect to the leading market segments based on analysis and major application areas.
The global market has been segmented on the basis of analysis, application, and geography. The analysis segment has been further segmented into forensic analysis, contamination analysis, elemental analysis, electronic density estimation, and others. XPS market finds application majorly in healthcare, semiconductor and electronics and other industries. Increasing use of XPS technology in medical and pharmaceutical research for determination of drug safety and efficiency in conjunction with increasing support from respective nation’s government to promote awareness about these technology platforms ensure lucrative growth opportunity for this market. Application of XPS technology in healthcare industry is anticipated to record highest growth rate during the coming years. Geographically, global XPS market has been further categorized into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America dominated the global market in terms of market share and is expected to retain its position throughout next few years. This is majorly attributed to increasing preference for the use of high end technological platforms coupled with increased awareness levels of people with respect to their health, lifestyle and environment. The market for each of these segment has been analyzed on the basis of various market dynamics such as technological advances, its advantages and increasing use of the innovative techniques in many research activities. Market revenue in terms of US$ Mn for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 are provided for all the segments, considering 2014 as the base year.
The market overview section of this report explores market dynamics such as drivers, restraints, and opportunities that have predominant impact on this market at present and could influence the market in the future as well. The market attractiveness analysis has been provided in the market overview section in order to elucidate the intensity of competition in the market in different LATAM countries. Porter’s five forces analysis is also explained in this section to understand the XPS market considering different parameters that have an impact on the sustainability of the companies operating in this market. The competitive scenario between different market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors would help the market players to take strategic decisions in order to strengthen their positions and expand their shares worldwide.
The report also profiles major players in the XPS market on the basis of various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Some of the major players profiled in this report include Thermo Fisher Scientific, Kratos Analytical, Japan Electron Optics Lab (JOEL), and Evans Analytical Group (EAG) among others. Rigorous research and development initiatives by the leading market players as well as execution of unique marketing strategies to increase the accessibility and affordability towards these technologies are supporting the XPS market growth globally. The global XPS market is influenced by the presence of large regional players and predominant in developed economies as compared to other developing economies. However, these companies are focusing on expansion in emerging economies especially in countries like India, China and Australia.
The global X-ray Photoelectron Spectroscopy market is segmented into the following categories:
- X-Ray Photoelectron Spectroscopy Market By Analysis
- Forensic Analysis
- Contamination Analysis
- Elemental Analysis
- Electronic Density Estimation
- By Application
- Semiconductors & Electronics
- By Geography
- North America
- Asia Pacific
- Latin America
- Middle East & Africa