Ion Milling System Market Growth Trajectory Through 2024-2033

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The Ion Milling System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Ion Milling System Global Market Report 2024, The ion milling system market size has grown rapidly in recent years. It will grow from $2.32 billion in 2023 to $2.56 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to initial adoption of ion milling for material processing, expansion of semiconductor manufacturing, increasing demand for nanotechnology, growth in the electronics industry, increased demand for precision machining, increased demand for high-performance materials.

The ion milling system market size is expected to see strong growth in the next few years. It will grow to $3.69 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to rise in demand for miniaturization in electronics, expansion of research in material science, adoption of ion milling in emerging industries, increased focus on high-precision manufacturing, integration of ion milling in semiconductor fabrication. Major trends in the forecast period include integration of in-situ monitoring and control features, customization of ion milling processes for specific materials, rise in demand for ion beam-assisted deposition systems, increasing use of cryogenic ion milling for improved results, adoption of environmentally friendly ion milling technologies.

The adoption of automation is expected to propel the growth of the ion milling system market going forward. Automation refers to the development and use of technology to manufacture and provide goods and services with little or no human involvement. Ion milling processes that are high-quality and high throughput is made possible with the help of automation, thus increasing demand. For instance, in October 2021, according to the new World Robotics 2021 Industrial Robots report by the International Federation of Robotics, a Germany-based organization for robotics research, global robot installations increased by 13% to 435,000 units in 2021. Further, globally, 3 million industrial robots are operating in factories. Therefore, the adoption of automation is driving the growth of the ion milling system market.

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The ion milling system market covered in this report is segmented –

1) By Product Type: Cross-Section Milling, Flat Surface Milling

2) By Electron Microscopy Type: Scanning Electron Microscope (SEM), Transmission Electron Microscope (TEM), Focused Ion Beam (FIB)

3) By Sample Material: Ceramics, Polymers, Composites, Metals, Other Materials

4) By Application: Semiconductor Manufacturing, Geological Institutes, Forensic Laboratories, Medical Research Institutes, Food Analysis, Other Applications

Product innovations are a key trend gaining popularity in the ion milling system market. Major companies operating in the ion milling system market are introducing innovative products to sustain their position in the market. For instance, in February 2021, JEOL, a US-based appliance, electrical, and electronics manufacturing company, launched the Cross-Section Polisher (CP), a new configuration of its most popular broad ion beam milling tool. The improved setup incorporates air-isolated transfer for specimens sensitive to the atmosphere, including Li batteries, high-speed milling, sputter coating, and cryo preparation (down to LN2 temperature). It prepares clean samples for scanning electron microscope (SEM) high-resolution imaging and elemental analysis.

The ion milling system market report table of contents includes: