Failure Analysis Equipment Market Challenges: High Costs and Skilled Workforce Shortages

The global failure analysis equipment market is expected to be worth US$ 9,756.3 Mn by 2025, growing at a 8.0% CAGR between 2025 and 2032. The market is projected to reach US$ 16,720.6 Mn by 2032.

The use of failure analysis techniques is an important tool for a wide range of industries, particularly for developing new products and improving the efficiency of existing equipment and machinery.

For an improved use of current assets and machinery in the oil & gas industry, equipment helps prevent service failures and safety incidents. Microelectronics, sophisticated and complex electronics, and advancements in failure analysis technology are expected to drive the global failure analysis equipment market during the forecast period.