Market Share of Failure Analysis Industry
The failure analysis market is highly competitive, featuring several key players. These leading companies, known for their significant market presence, are actively seeking to expand their operations across various industry sectors. Many of these firms are employing strategic collaborations to bolster their market share and profitability. Moreover, companies operating within this market are also engaging in acquisitions to enhance their product capabilities. Notable players in this sector include Exponent Inc., Rood Microtec GmbH, and EAG Inc.
In December 2022, Rood Microtec N.V. and NOVELDA proudly announced their partnership for the qualification, testing, and supply of NOVELDA's next-generation UWB (UltraWideband) devices. These UWB sensors have the remarkable capability of detecting even the slightest movements, as well as monitoring breathing and heartbeats. This groundbreaking technology positions NOVELDA as a provider of the most dependable human presence sensors worldwide. These sensors hold tremendous potential for various indoor applications, including consumer electronics, home automation, and smart buildings. The NOVELDA UWB Sensor promises to revolutionize user experiences, enhance safety, and contribute to energy conservation.
In May 2022, TEC Eurolab entered into a Memorandum of Understanding (MoU) with TWI, which became fully operational in October 2022. This MoU is expected to provide enhanced support to TWI members globally, with a particular emphasis on Europe and other cross-border collaboration opportunities. The agreement opens up opportunities for joint testing programs in various areas such as aeronautics, automotive, environmental testing, metal and non-metallic materials qualification, failure analysis, non-destructive testing, and more. This collaboration promises to advance the capabilities and services available in these fields.
Failure Analysis Market Leaders
Exponent Inc.
TEC Materials Testing
EAG Inc.
Rood Microtec GmbH
Presto Engineering Inc.
*Disclaimer: Major Players sorted in no particular order
