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Service Laboratory Market: Globally Expected to Drive Growth through 2026

Service Laboratory Market: Globally Expected to Drive Growth through 2026

Service laboratory is defined as an organizational unit established by any service firm to find the faults and defects in any products. Similar to old natural science laboratory, service laboratory is responsible to embark experiments and innovations as per demand of the market. Service laboratory process has been used by several industries in order to improve their product quality. The equipment used by service laboratory helps in finding out the root cause of failure of any system, device or any end product & suggest the corrective plan for the same. The main focus of  service laboratory is to fulfill customer’s demand, service laboratory is bit different from a technical laboratory where experiments perform to find out different possibilities in controlled closed environment where as in service laboratory field experiments are being performed & more concern about market possibilities as new service is sellable or not.

The idea behind the establishment of service laboratory was to establish an organizational unit that can execute innovation management means to ensure that systematic innovation with creativity is being performed by the organization. In 2015, global service laboratory market size is estimated to be in billions and is expected to grow with decent CAGR at the end of forecasting period.

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Service Laboratory: Market Dynamics

Since last a few years, growing interest of service laboratory vendors in Nano technology has been coming out as a trend in service laboratory market. The key growth drivers of global service laboratory market are increased investment in R&D by different vendors in order to come up with advanced technology for example: Recently, a latest technology evolved out in the field of service laboratory named super resolution technique, along with that the increasing demand from growing economies is one also a key factor responsible for the growth of global system laboratory market. On the other hand some of macroeconomic factors such as high excise duty and high custom duty are becoming the key restraints hindering the growth of global service laboratory market.

Service Laboratory: Segmentation

Segmentation of global service laboratory market are segmented on the basis of product type, laboratory, application & Geography. On the basis of product type, global service laboratory market is segmented as; Scanning Electron Microscope (SEM) & Transmission Electron Microscope (TEM). These segments further be segmented into their respective sub segments as Scanning Electron Microscope (SEM) is sub segmented into Dual Beam FIB-SEM & FEG-SEM. Sub segments of Transmission Electron Microscope (TEM) are STEM & FE-TEM. By laboratory, global service laboratory market is segmented into two segments which are; Original equipment manufacturer (OEM) market & service market.

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On the basis of application, global service laboratory market is segmented into industrial, bio-science, material science & electronics market. These segments also have their respective sub segments which are given as; industrial application is again sub segmented into metal & mining, automotive, construction, chemical, power generation & energy, oil & gas, renewable energy, steel, aerospace, machinery tools and others. Bioscience segments is sub segmented into structural biology, neuroscience, cellular biology & biomedical engineering. Electronic market is sub segmented into microelectronics & MEMS, semiconductor manufacturing & thin film production. Material science market is further sub segmented into ceramic & glass, Nano fabrication & paper & fiber material.

Geographically, service laboratory is segmented into seven regions which are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). Among all the regions North America is the highest contributor in term of revenue in global service laboratory market and is expected to retain its position during forecast period.

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Service Laboratory: Key Players

The key players of global service laboratory market are Exponent, Inc., Nanolab Technologies, Chipworks, Inc., Insight Analytical Labs, Inc., Ce Labs/Cable Electronics, Ce Labs/Cable Electronics, ISE Labs, Cerium Labs, MuAnalysis Inc., Materials Analysis Technology Inc., SAGE Labs, Inc. & others.

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