Global XPS (X-Ray Photoelectron Spectroscopy) Market is expected to reach USD 712.4 million by 2022, according to a new study by Grand View Research Inc. Growing application of XPS technology in different industries such as healthcare, semiconductors, aerospace, automotive, and electronics along with rising demand for research and development across all these industries is expected to drive the XPS market over the forecast period. In addition, rising popularity of hyphenated technologies and other technological advancements such as hard X-ray photoelectron spectroscopy (HAXPES) has prompted the growth of the X-ray photoelectron spectroscopy market. The ability of XPS to accurately identify contamination in the provided sample is also expected to contribute towards boosting usage rates.
Rising demand for XPS technique for drug safety and medical research is expected to serve the market as a future growth opportunity. Presence of supportive government initiatives such as the “Safe Use Initiative” by FDA and “Drug Safety Information Survey” introduced by Health Canada for creating awareness regarding medical research and development are some notable examples likely to provide manufacturers with lucrative growth opportunities.
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Further key findings from the study suggest:
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Grand View Research has segmented the global XPS market on the basis of usage, application and region:
Global XPS Usage Outlook (Revenue, USD Million, 2012 – 2022)
Global XPS Application Outlook (Revenue, USD Million, 2012 – 2022)
Global XPS Healthcare Application Outlook (Revenue, USD Million, 2012 – 2022)
XPS Regional Outlook (Market Revenue in USD Million, 2012 – 2022)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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