The global x-ray photoelectron spectroscopy market prognosticated to witness a healthy growth curve in the forthcoming year, as reported by Transparency Market Research (TMR). The market’s business landscape is currently characterized by consolidation. There is a high density of leading players in the developed regions. Key players are seen leveraging their established presence in developed markets. A large number of regional vendors are also making their presence known in the global x-ray photoelectron spectroscopy market. Players in emerging markets are capitalizing on the untapped potential of emerging regions such as Asia Pacific. Countries such as India, China and Australia are demonstrating immense growth opportunities in the global x-ray photoelectron spectroscopy market.
A key strategy that could be used by vendors in the global x-ray photoelectron spectroscopy market is the enhancement of technology used in the instrument. Constant innovations adopted by vendors are expected to amplify the competition in the market to a large extent. For instance, manufacturers are seen using XPS devices in quantitative characterization of DNA strands. This is expected to gain substantial momentum to players in the global x-ray photoelectron spectroscopy market in the coming years.
Key vendors operating in the global x-ray photoelectron spectroscopy market are Evans Analytical Group LLC., Thermo Fisher Scientific, Japan Electron Optics (JEOL) Ltd., Kratos Analytical Ltd. and ULVAC-PHI.
The global x-ray photoelectron spectroscopy market is forecasted to rise at a CAGR of 5.8% over the forecast period 2015 to 2023. The market was estimated to be worth US$443.5 mn in 2014 and is anticipated to reach US$749.8 mn by 2023.
Diverse Applications to Propel Growth
With brisk advances in technology, x-ray photoelectron spectroscopy finds application across several applications. It is used exhaustively in the study of sample surfaces. The use of x-ray photoelectron spectroscopy has become indispensable in surface analysis. XPS devices are also widely used in the development of novel compounds, materials, and substances. This is done largely to enhance the structure and performance of existing materials. The constant need to improvise existing materials is likely to fuel the global x-ray photoelectron spectroscopy market to a large extent over the coming years.
The technique is being adopted in the detection of elements with a specific atomic size. It used further used to gauge electrons ejected by the topmost layers of given samples. The high adoption of the technique is expected to boost the growth of the global x-ray photoelectron spectroscopy over the forecast period.
Drug Discovery to Offer Lucrative Growth Opportunity
X-ray photoelectron spectroscope devices see immense opportunity in drug discovery. The technique has high potential and advantages in the spatial control of cells and biomolecules. A large number of drug discovery organizations are employing this technique in order to enhance their products. The technique is large responsible for testing eth adequacy of the molecules. This helps in improving the efficiency of the drug discovery process. The burgeoning use of these devices are expected to offer solid growth to vendors in the global x-ray photoelectron spectroscopy market in the forthcoming years.
The study presented here is based on a report by Transparency Market Research (TMR) titled, “X-Ray Photoelectron Spectroscopy Market (Analysis - Forensic, Contamination, Elemental Analysis, and Electronic Density Estimation; Application - Healthcare and Semiconductors & Electronics) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
The market is segmented for detailed study in the following way:
- Global FX-Ray Photoelectron Spectroscopy Market, by Analysis
- Forensic Analysis
- Contamination Analysis
- Elemental Analysis
- Electronic Density Estimation
- Global FX-Ray Photoelectron Spectroscopy Market, by Application
- Semiconductors & Electronics
- Global FX-Ray Photoelectron Spectroscopy Market, by Geography
- North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Latin America (LATAM)
- Rest of LATAM
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
- North America
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC