The nanomechanical testing market is gaining traction across various industry verticals owing to the rapid technological advancement in micro-electro-mechanical systems (MEMS). The nanomechanical testing system depends on the precise measurement of the deflections and forces in the testing objects. The growing need for testing various materials such as metal, ceramics, and polymers in order to determine their properties on a nanoscale create significant demand for nanomechanical testing. There is a significant demand for nanomechanical testing in life science, industrial manufacturing, and material development. Nanomechanical testing allows for understanding the mechanical behavior of complex and advanced materials. Nanomechanical testing of materials has gained momentum over the last decade due to the development of advanced tools to measure small-scale mechanical behavior with high precision and accurate acquisition of load and displacement data. Rising investment from government and private organization toward the research and testing for fracture and stiffness resistance of various MEMS structures is also propelling the growth of the market. Growing demand for lighter, smaller and cost-effective nanomechanical devices than ever, has propelled the growth of the nanomechanical testing market. Moreover, nanomechanical testing offers the ability to optimize and characterize nanoscale mechanical and tribological properties of the object that has increased the demand for the nanomechanical testing market.

Segmental Outlook 

The nanomechanical testing market is segmented on the basis of offering and end-use. Based on the offering, the nanomechanical testing market is segmented into software and hardware. Based on the end-user, the nanomechanical testing market is segmented into life science, industrial manufacturing, material development, and semiconductor manufacturing.

Nanomechanical Testing Market Share by End-Use, 2018 (%)

The hardware segment is estimated to have a significant market share in the nanomechanical testing market

The hardware segment is expected to register significant share over the forecast period owing to the rising investment by various private and government organizations toward product development resulting in the enhanced nanomechanical testing system with higher accuracy. Moreover, nanomechanical testing is finding its application in the evaluation and optimization of MEMS devices to measure the performance, reliability, and efficiency of these devices. This has further fostered the demand for hardware for nanomechanical testing.

The semiconductor manufacturing segment is projected to have significant growth in the nanomechanical testing market

The semiconductor manufacturing segment is expected to register significant growth over the forecast period owing to the increasing demand for miniaturization of semiconductor devices. Moreover, low-dimensional materials which include one-dimensional and two-dimensional nanomaterials have found widespread usage in various industry verticals owing to their thermal, optical, electrical and catalytic properties.

Regional Outlook

Moreover, the global nanomechanical testing market is further classified based on geography including North America, Europe, Asia-Pacific and Rest of the World (RoW). North America region is expected to register significant growth over the forecast period owing to the rising demand for nanomechanical testing equipment in various research & development programs in the region.

Nanomechanical Testing Market Growth, by Region 2019-2025

Asia-Pacific is Estimated to Exhibit Considerable Growth in Nanomechanical Testing Market

The nanomechanical testing market is rapidly expanding in Asia-Pacific and witnessing a significant growth specifically in the countries including China, India, Thailand, Indonesia, Vietnam, and Philippines. The growth in the region is attributed mainly to the increasing penetration of advanced technologies and the rising use of connected devices in the region. Moreover, rapid advancement in technologies across various industry verticals has led to the growing demand for nanomechanical testing instruments. Rising investment by major players in the region owing to business expansion activities in the region is expected to increase the demand for nanomechanical testing.

Market Players Outlook

The major players that contribute to the growth of the nanomechanical testing market include Bruker Corp., Micro Materials, Ltd., Alemnis GmbH, MTS Systems Corporation, KLA Corp., Nanomechanics, Inc., and others. These market players are contributing to the market by adopting various market approaches including product launch and approvals, merger and acquisition, partnerships, collaborations, and others for gaining a strong position in the market.

Recent Developments

In February 2018, Bruker Corp. has acquired IRM2, a developer of high-speed infrared (IR) imaging microscopes based on quantum cascade laser (QCL) technology. The acquisition facilitated the company to expand its product portfolio and increase the market opportunities for IR microscopy, with applications in biological tissue analysis and materials science, and future potential in tissue diagnostics.

In June 2019, Micro Materials Ltd. has developed a high-frequency acoustic emission (AE) monitoring system that is able to detect AE during nanomechanical tests such as nanoindentation, nano-scratch, and nano-impact along with many others.

The Report Covers

• Annualized market revenues ($ million) for each market segment.
  
• Market value data analysis from 2018 to 2019 and forecast to 2025.
• Company share and market share data for global nanomechanical testing market.
• Global corporate-level profiles of key companies operating within the global nanomechanical testing market. Based on the availability of data for the category and country, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
• Investment strategies by identifying the key market segments expected to register strong growth in the near future.
• Understand the key distribution channels and identifying the most preferred mode of product distribution.