According to the Market Statsville Group (MSG), the global Nanomechanical Testing Market size is expected to grow from USD 308.4 million in 2021 to USD 416.7 million by 2030 at a CAGR of 3.4% from 2022 to 2030. The decrease in structure material to nanoscale in industries such as life sciences has increased the demand for nanomechanical testing. The advancements in micro-electro-mechanical systems (MEMS) systems to deploy MEMS-based devices in gaming consoles, electronics, and other devices; and the evolution of metamaterials are some of the top market trends.   

Global Nanomechanical Testing Market Definition

Nanomechanical testing employs advanced techniques and equipment to study the fundamental mechanical properties of materials at nanometer scales. It has applications in Nanopowders, nanotubes, Nano coating, and nanocomposite materials. Nanomechanical testing systems also assist in designing materials based on their mechanical properties. These systems are widely used in the materials science domain, including metals, polymers, glass, coatings, and other materials, as well as in biological research, such as nanomechanical characterization of various biological structures and biomineralization processes.

COVID-19 Impact on the Global Nanomechanical Testing Market

The sudden outbreak of the covid-19 pandemic led to stringent lockdowns worldwide, affecting many major industries. It affected the global economy in three main ways: financial impacting firms and financial markets, disrupting the supply chain, and directly affecting production and demand. All these factors affected the global nanomechanical testing market as it has its applications in many major industries. However, as the situation has already almost come to normal, the market is expected to grow in the forecast period.

Scope of the Global Nanomechanical Testing Market

The study categorizes the nanomechanical testing market based on instrument type, technique, offering, end product and application at the regional and global levels.

By Instrument Type (Revenue, USD Million, 2017-2030)

• Transmission Electron Microscopes
• Scanning Electron Microscopes
• Dual-Beam (FIB/SEM) Systems
• Spectroscopes

By Technique (Revenue, USD Million, 2017-2030)

• Nano indent
• Nano scratch
• Nano-impact
• Nano-Tribological
• Others

 By Offering (Revenue, USD Million, 2017-2030)

• Hardware
• Services

By End Product (Revenue, USD Million, 2017-2030)

• Thermal Transfer print
• Accelerometer
• Imaging
• Oxide films
• Thermal actuator
• Others

By Application (Revenue, USD Million, 2017-2030)

• Industrial Manufacturing
• Life Sciences
• Material Development
• Semiconductor manufacturing
• Metrology
• Coating & Structural Film
• Academic research
• Others

By Region Outlook (Revenue, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • Slovenia
  • Slovakia
  • the Netherlands
  • Belgium
  • Norway
  • Denmark
  • Czech Republic
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • The Philippines
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Material development segment is witnessed to account for the highest market share by application

In 2021, material development accounted for the highest market share in the global nanomechanical testing market. Engineered structures called metamaterials are those that are designed to interact with electromagnetic radiation in a specific way. Metamaterials are made up of a collection of structures called meta-atoms that can interact with magnetic and electric components, and as a result, metamaterials present promising opportunities for market players.

North America accounts for the highest CAGR during the forecast period

Globally, North America is estimated to hold the highest CAGR in the global nanomechanical testing market during the forecast period. North America's market is growing due to rapid industrialization and the high demand for nanomechanical testing instruments for various R&D activities carried out by many engineering institutions in the region. The APAC region is also expected to grow at a high CAGR due to dynamic changes in the adoption of new technologies and advancements in organizations across industries, as well as increased use of connected devices, and the market for nanomechanical testing. This region has become a global hotspot for large-scale investments and business expansion. In all sectors, the Asia Pacific market is expected to grow significantly.

Key Market Players in the Global Nanomechanical Testing Market

The nanomechanical testing market is mildly concentrated in nature, with few numbers of global players operating in the market such as:

• Alemnis AG
• Bruker
• Biomomentum Inc.
• Instron (Illinois Tool Works)
• KLA Corporation
• MTS Systems Corporation
• Micro Materials Limited
• Nanoscience Instruments
• Testometric Co. Ltd.
• Quad Group

Recent Developments

• In October 2020, the Bruker Nanomechanical Testing business announced the release of the Hysitron PI 89 SEM PicoIndenter to provide nanomechanical testing capabilities inside a scanning electron microscope (SEM) at higher loads and in more extreme environments than previously possible. This was expected to benefit researchers’ understanding of the deformation mechanisms of high-strength materials.
• In February 2019, KLA acquired Orbotech, an automated optical inspection equipment vendor. The acquisition was expected to extend KLA's market reach within the electronics value chain, open new high-growth markets for the company, and bring complementary technologies, products, and services to their portfolio.

Key Issues Addressed

• What is the market size by various segmentation of the nanomechanical testing by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the nanomechanical testing market?
• What are the key opportunities and trends for manufacturers involved in the nanomechanical testing supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of nanomechanical testings in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.