According to the business intelligence report titled ‘Global Atomic Force Microscopy Market Size study, by Offering (AFM, Probes, Software), Grade (Industrial Grade, Research Grade), Applications (Materials Science, Life Sciences, Semiconductor & Electronics, Academics) and Regional Forecasts 2020-2027’, available with Market Study Report, global atomic force microscopy market was worth USD 0.44 billion in 2019 and is estimated to register 5.8% CAGR over 2020-2027, subsequently reaching a valuation of USD 0.7 billion by the end of the forecast period.
 

As per the report findings, favorable initiatives and funding by government aimed at R&D in nanoscience and nanotechnology sector are fueling global atomic force microscopy market expansion. Furthermore, increasing R&D investments from private and public organizations, along with escalating demand for 3D ICs from the consumer electronics and semiconductor industries are positively swaying the market dynamics.
 

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For the uninitiated, atomic force microscopy refers to a category of high-resolution scanning probe microscopy which demonstrates resolution in the order of fractions of a nanometer.
 

Speaking of the factors restraining global atomic force microscopy industry growth, issues pertaining to damage caused due to AFM contact-mode coupled with high costs associated with the equipment will continue to barricade business development during the forecast period.
 

Regionally speaking, Latin America, Europe, North America, and Asia-Pacific are the key contributors of global atomic force microscopy market value. Among these, North America currently dominates the business sphere, owing to surging demand for 3D ICs from the consumer electronics and semiconductor verticals in the region.
 

Meanwhile, Asia-Pacific market is touted to amass significant returns, showcasing a robust annual growth rate over 2020-2027. Favorable government initiatives aimed at promoting the development of nanotechnology and nanoscience technologies and increasing investments towards research & development activities are fostering the regional market growth.
 

Elaborating on competitive landscape, top companies influencing worldwide atomic force microscopy market trends are Park Systems Corp., Bruker Corp., Nanonics Imaging Ltd., Hitachi, Ltd., Oxford Instruments plc, Horiba, Ltd., Nanosurf AG, Nt-Mdt Spectrum Instruments, WITec GmbH, and NanoMagnetics Instruments Ltd. These players are undertaking various strategic partnerships, acquisitions, mergers, and innovative product development to elevate their position in the industry.