Microscopes Market to Reach USD 7,343.7 Million by 2020: Grand View Research, Inc

The global market for microscopes is expected to reach USD 7,343.7 million by 2020, according to a new study by Grand View Research, Inc. Growing private and government support for nanotechnology R&D is expected to have a positive impact on microscope demand over the next six years. In addition, growing demand for advanced and high resolution microscopes such as super resolution microscopes for conducting R&D exercises in the fields of life sciences and nanotechnology is also expected to have a positive impact on demand over the forecast period.

Emergence of new application areas such as quantum dots and miniature transistor chips will serve this market as future growth opportunities. Quantum dots technology is currently in a nascent stage and is expected to cater to multiple application areas such as in transistors, diode lasers, quantum computing, biological imaging, solid-state lighting, electroluminescent displays and photo-voltaic cells. Optical microscopes dominated the market in 2012, accounting for over 39% of total revenue, primarily owing to their large application base. However, due to rising adoption rates of advanced microscopes, scanning probe microscopes and electron microscopes are expected to gain market share over the next six years. Scanning probe microscopes are expected to be the fastest growing product segment, at an estimated CAGR of 18.0% from 2014 to 2020. Features such as non dependence on wavelength of the source light, resolving atoms and generating better 3D maps of surfaces are some of the factors expected to increase market penetration for these products. 

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http://www.grandviewresearch.com/industry-analysis/microscopes-industry

 

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