Market Trends of Failure Analysis Industry
Automotive Sector is Driving the Demand for Failure Analysis
- The automotive industry has constantly faced new challenges as the demand for inexpensive, high-quality components has repeatedly increased. Extreme diligence must be imparted to ensure that such components are designed and manufactured with sufficient quality to withstand various service environments.
- Safety issues and product recalls, which may cost the company financially as well as its brand image, can be caused by defective products within the automobile industry. Visual defect detection allows manufacturers to find and classify defects in the parts of vehicles, like scratches, dents, or cracks, at a very accurate level. This helps avoid entry into production lines of faulty parts, improve quality, and increase safety and legal compliance.
- The automotive industry has witnessed rapid advancements in ADAS systems, connected vehicles, IoT devices, and smart sensors, which could prevent potential accidents due to malfunctioning of some of the vehicle's vital parts. According to a report published by the WHO in June 2022, every year, the lives of approximately 1.3 million people are cut short as a result of a road traffic crash. Between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as a result of their injury.
- Potential causes for automotive device failure may include product design, manufacturing processes, contamination of the source materials, product packaging, improper handling, and improper calibration. These factors have raised concerns over the quality of manufacturing automotive parts and the preventive measures that can be implemented to avoid such incidents.
- Recently, the Asia-Pacific witnessed considerable growth in the automotive industry due to the increasing demand for passenger and advanced vehicles. Passenger vehicles find increased usage due to population density in the region. Therefore, the growing production of passenger and luxury cars is driving the market's growth in the region. According to OICA, China's automotive industry produced approximately 23.8 million passenger cars in 2022.
- The automobile component may fail in different failure modes, causing severe accidents. Therefore, it is essential to identify the failure mode for which the automobile component fails more frequently. Failure analysis is also done to establish the cause of an accident. The analysis is employed to see which component in the automobile caused the accident.
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North America Occupies the Largest Market Share
- North America, majorly due to the United States, is one of the earliest adopters of failure analysis techniques, introduced originally to ensure no significant disruptions in the existing business models. The region is home to most of the prominent organizations in the world. For instance, the automotive sector in the country is ruled by General Motors and Ford, which rely heavily on automation.
- Furthermore, the United States is one of the leaders in crude oil production and has several oil rigs spread out across North America. The need for failure analysis techniques is being felt more acutely after the devastating effects of various oil rig accidents, the most notable being the Deepwater Horizon oil spill that occurred in 2010, discharging over 4.5 million barrels of oil into the sea due to a mechanical failure.
- The country has been witnessing critical infrastructure failures for the last few years. Two recent examples, an intense heat wave that pushed California's power grid to its limits in September 2022 and the failure of the water system in Jackson, Mississippi, amid flooding in August, show how a growing maintenance backlog and increasing climate change are turning the 2020s and 2030s into a golden age of infrastructure failure.
- To overhaul the US infrastructure, in November 2021, the Bipartisan Infrastructure Law (Infrastructure Investment and Jobs Act) was passed by Congress and signed into law by President Biden, seeking to invest significant investments in critical infrastructures. It emphasized key sectors to modernize the country’s infrastructure landscape, including improving and rebuilding roads, public transit, bridges, ports, rail, and airports.
- Similarly, to attract both private and public sector investment, the Canada Infrastructure Bank is responsible for investing USD 35 billion in revenue-producing infrastructure projects in Canada or parts of Canada by virtue of its investments.
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