Service Laboratory Market Worth 5.45 Billion USD by 2020

PUNE, India, October 29, 2015 /PRNewswire/ --

According to a new market research report "Service Laboratory Market by Service Type (OEM, Laboratory Services), Product/Technology (FE-TEM, STEM, FIB-SEM, FEG-SEM, SIMS), Application (Biotechnology, Pharmaceutical, Semiconductor) and Geography (North America, Europe, APAC) - Global forecast to 2020", published by MarketsandMarkets, the total market for Service Laboratory will be worth USD 5.45 Billion by 2020, at an estimated CAGR of 6.5%.

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Service laboratory is a process that is present in every high quality reliability maintenance program. The report segments the service laboratory market on the basis of OEMs, services, products, application, and geographical regions. In addition, it also details various technologies used for the service laboratory.

Service laboratory is the most widely used process across several industries under high quality reliability platform. Some of the advantages attained from this process are recurring problem prevention, hidden failure mechanism identification, and learning valuable lessons from past events. The root-cause identification for quality and productivity related problems are key issues for the manufacturing process.

This report covers the Service Laboratory Market on the basis of product, application, and geography. The segmentation by product includes SEM (scanning electron microscope) and TEM (transmission electron microscope). SEM and TEM are further segmented into types. Whereas the SIMS market is a parallel market which is not included within the service laboratory market; but this market is further segmented in terms of application and geographical regions along with their subsegments.

The segmentation of the service laboratory market by application includes industrial science, material science, bio-science, and electronics. These applications are further sub-divided into the subsequent sub-applications. The industrial application segment is further divided into oil & gas, mining, renewable energy, automotive & aerospace, chemical & pharmaceuticals, machinery & tool, and power generation, among others. The material science application is segmented into metals, paper & fiber material, ceramic & glass, polymer, and nanofabrication. The bio-science application segment is further segmented into cellular biology, structural biology, bio medical engineering, and neuroscience. Lastly, the electronics segment is classified as semiconductor manufacturing and MEMS. The geographical analysis covers Americas, Europe, Asia-Pacific, and RoW (rest of the world).

The growth of the service laboratory market is driven by increased investment in technology and technological advancements, such as super-resolution techniques. Factors such as high excise duty and custom duty on medical devices restrain the market growth. The increasing demand from emerging economies is one of the key opportunities for the service laboratory market. Investments in nanotechnology are on the rise, owing to the increased demand for advanced miniaturized systems and applications in various fields, such as pharmaceuticals, biotechnology, chemical manufacturing, aerospace, electronics, and textiles. Similarly, the growing interest in nanocrystalline solids is an evolving trend in the material science market.

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The major companies involved in laboratory services are Exponent, Inc. (United States), Integrated Service Technology, Inc. (Taiwan), Nanolab Technologies, Inc. (United States), and Chipworks, Inc. (Canada), among others. The major OEMs include Hitachi High-Technologies Corporation (Japan), FEI Company (United States), JEOL Ltd. (Japan), and Carl Zeiss AG (Germany) among others.

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