Global X-ray Photoelectron Spectroscopy Market Share Is Likely To Reach At A CAGR Value Of Around 6.5% By 2028

07-Nov-2022 | Facts and Factors

According to Facts and Factors, the global X-ray photoelectron spectroscopy market size was worth around USD 522 million in 2021 and is predicted to grow to around USD 811 million by 2028 with a compound annual growth rate (CAGR) of roughly 6.5% between 2022 and 2028.

X-ray photoelectron spectroscopy (XPS), also known as ESCA (electron spectroscopy for chemical analysis), is a surface examination technique that offers elemental and chemical state information without regard to the kind of material that may be analyzed. It is a simple procedure in which the sample is irradiated with X-rays with sufficient energy to evict one electron from the atom. Photoelectrons are electrons that have been expelled. The kinetic energy of these released electrons is distinctive of the element that gave rise to the photoelectron. The position and strength of peaks in an energy spectrum indicate the desired chemical state as well as quantitative information. The distance that a photoelectron may travel through a material without losing any kinetic energy determines the surface sensitivity of XPS. These elastically scattered photoelectrons contribute to the photoelectron peak, whereas inelastically dispersed photoelectrons contribute to the spectral background by losing some kinetic energy before leaving the medium.

Browse the full “X-ray Photoelectron Spectroscopy Market Size, Share, Growth Analysis Report By Usage Type (Contamination Detection, Element Detection, Empirical Formula Determination, and Density Estimation), By Application (Healthcare, Semiconductors, Electronics, Aerospace, and Automotive), By Light Source Type (Monochromatic, and Non-Monochromatic), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/x-ray-photoelectron-spectroscopy-market

The technical advances seen in the global X-ray photoelectron spectroscopy market will pave the way for even more growth. The increased emphasis of the players on R&D operations will aid in raising their revenues, eventually leading to an increase in the growth rate. The widespread use of X-ray photoelectron spectroscopy devices in developing and highly populated nations such as India and China will result in exponential development potential. Moreover, Nanoparticles are extensively characterized using X-ray photoelectron spectroscopy devices. Perfect element detection by these technologies will provide huge development potential. Various government activities and campaigns designed by government and non-government groups to raise awareness about contamination levels in formulations and pharmaceuticals will open the door to significant potential opportunities for the X-ray photoelectron spectroscopy market.

The global X-ray photoelectron spectroscopy market is segmented based on usage type, application, light source type, and region.

The global market is divided into four segments based on usage type: contaminant detection, element detection, empirical formula determination, and density estimation. The contamination detection segment is predicted to lead the market in 2021 and will continue to do so throughout the forecast period. The increased usage of XPS equipment for contamination detection among researchers and scientists should fuel sector expansion throughout the forecast period. XPS devices investigate adhesive bond failures to find impurities and bonding chemistry inside diverse substances. Key industry players, such as Mitsubishi, are currently concentrating their efforts on R&D to upgrade the technology included in the XPS systems, creating significant prospects for segmental development.

The global X-ray photoelectron spectroscopy market is divided into five applications: healthcare, semiconductors, electronics, aerospace, and automotive. During the projection period, the healthcare sector is predicted to have the biggest market share. The segment rise is due to the rising usage of XPS systems in the healthcare sector, which will drive market expansion. Graphene derivatives are increasingly being used in the development of cancer drugs. The XPS technology recognizes superior-grade nanoparticles such as graphene, which raises demand for the same and, as a result, accelerates economic growth. Furthermore, the semiconductor segment is expected to develop at the fastest CAGR during the projected period due to XPS's broad variety of applications in the semiconductor sector due to its ease of use and efficiency in data interpretation.

The market is divided into monochromatic and non-monochromatic light sources. The monochromatic segment had the highest revenue share in 2021 and is likely to maintain its lead throughout the projection period. Researchers commonly seek XPS devices with monochromatic light sources due to their precision and efficiency. A monochromatic light source strikes parallel to crystal planes at an optimum angle, enabling exact surface analysis of the substances under investigation.

North America is estimated to lead the worldwide X-ray photoelectron spectroscopy market during the forecast period due to the presence of significant industry players in the region. Furthermore, technical improvements in X-ray photoelectron spectroscopy are driving market expansion in the North American region. Because of its growing popularity among end users, the Europe X-ray photoelectron spectroscopy market accounted for a major part of the worldwide X-ray photoelectron spectroscopy market. Furthermore, growing disposable incomes in Europe are fueling market expansion in the area. The Asia Pacific market is predicted to increase rapidly due to emerging economies and technological improvements.

Report Scope

The global X-ray photoelectron spectroscopy market is dominated by players like Olympus Corporation, Hefei Jingpu Sensor Technology Co., Ltd., HORIBA, Hitachi, Ltd., Helmut Fischer, Dandong Dongfang Measurement & Control Technology Co., Ltd., The British Standards Institution, Bruker, Bourevestnik, SPECTRO Analytical Instruments GmbH, Rigaku Corporation, FAST ComTec GmbH, Malvern Panalytical Ltd, ThermoFisher Scientific, among others.

The global X-ray photoelectron spectroscopy market is segmented as follows:

By Usage Type

• Contamination Detection
• Element Detection
• Empirical Formula Determination
• Density Estimation

By Application

• Healthcare
• Semiconductors
• Electronics
• Aerospace
• Automotive

By Light Source Type

• Monochromatic
• Non-Monochromatic

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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