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Systems that are widely used to detect and predict abnormalities, anomalies or errors occurring during operations and control the error rate are known as Fault Detection and Classification (FDC) systems. With increasing focus on reducing faults in any operation and improving the overall efficiency of the process, the demand for such systems is expected to increase.
WILMINGTON, Del., USA, Transparency Market Research, Inc., July 29, 2024 (GLOBE NEWSWIRE) — With a moderate development expected at a CAGR of 5% until 2034, the global fault detection and classification market (Markt für Fehlererkennung und -klassifizierung) is expected to reach USD 10.8 billion by the end of 2034. The latest recorded size of this sector was USD 6.2 billion in 2023. This progress creates better growth prospects for the key players in this sector.
With the development of technology, leading manufacturers in the industry are focusing on miniaturizing electronic devices, and as the demand for miniaturization increases, the manufacturing scope of miniaturized components is expected to expand.
This growing demand increases the importance of fault detection systems to reduce the error rate of integrated circuits. Early detection of faults improves the efficiency of devices, thus increasing the demand for such systems. The advent of machine learning is expected to increase the size of this ecosystem. Anomalies in semiconductor manufacturing can be easily detected using FDC. This will drive the use of such systems in the semiconductor and electronics industries.
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Wafer fabrication is expected to see an increase in demand throughout the forecast period. Manufacturers are prioritizing FDC systems for high-performance wafer-level manufacturing in mass-production semiconductor manufacturing. The quality of the wafer dicing process can be affected by the dicer saw due to the strong cuts made during die cutting. To cater for better quality, there is expected to be more focus on the use of FDC systems.
Tool-based FDC systems are being used in connection with improving product quality. With the growing focus on quality improvement, such systems are expected to gain importance. Technological advancements are expected to act as another key driving force behind the sales of fault detection and classification systems in the highly competitive field.
Key findings of the market report
The fault detection and classification market is fragmented into various categories, based on key differentiators. The offered segment of this sector is dominated by sensors in the hardware category. As sensors can detect anomalies in various key parameters, the use of such components is becoming increasingly important.
With the growing importance of machine learning, the software category in the offering segment is expected to generate higher revenues.
Based on application segment, defect detection is the category that is expected to gain attention related to timely detection of failures.
Due to miniaturization, the semiconductor industry, which is a major end-user industry segment category, is likely to generate more revenue in the market.
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Regional Profile
With the increasing emphasis on research and development in Europe, the prospects of key players in the competitive landscape are expected to increase. Organizations in this sector can thrive through innovative products in the region and contribute to the growth of the industry.
The growth of the electronics and semiconductor sector in Asia Pacific will drive the growth of the competitive space in the region, creating opportunities for leading players in the industry.
North America’s technology infrastructure has the potential to help the industry scale: greater infrastructure availability allows cutting-edge solutions to be designed and delivered to consumers.
Competitive Environment
Key players are expanding their operations in the fault detection and classification market through key expansion strategies such as acquisitions, collaborations, partnerships, and mergers. New entrants may face obstacles to entry by larger players.
Advantest Corporation is a key player in the ecosystem, providing a wide range of solutions including component test systems, automated test equipment, scientific instruments and medical systems.
Amazon Web Services, Inc. is another important organization in this field that offers a variety of products. The company operates in areas such as computing, storage devices, and machine learning.
Cognex Corporation manufactures and services a variety of solutions including materials handling, automated assembly and packaging inspection.
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Key Trends in the Fault Detection and Classification Market
In June 2024, Advantest Corporation announced a new particle measurement device, the nanoSCOUTER. This high-precision device can provide better results in terms of accurate measurement of nanopores.
In July 2024, Amazon Web Services, Inc. announced GenAI Lofts. The product launch aims to support startups and developers by offering a global tour that caters to AI innovation.
Market Segmentation
By providing
Scan the camera
Line scan camera
3D Camera
Barcode reader
Data logger
By Application
By end use industry
Semiconductor IDMs and Foundries
Pharmaceuticals and Medical
Industrial Manufacturing
energy
Oil and Gas
chemicals
Research and Academics
Others (metals, machinery, food, beverages, etc.)
By region
North America
Europe
Asia Pacific
Middle East and Africa
south america
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