X-ray Photoelectron Spectroscopy Market To Reach $948.9 Million By 2030

X-ray Photoelectron Spectroscopy Market Growth & Trends

The global XPS market is expected to reach USD 948.9 million by 2030, registering a CAGR of 3.9% from 2024 to 2030, according to a new report 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.

 Request a free sample copy or view report summary: X-ray Photoelectron Spectroscopy Market Report

X-ray Photoelectron Spectroscopy Market Report Highlights

• Element detection dominated the market and accounted for a share of 36.9% in 2023. X-ray photoelectron spectroscopy helps detect elemental composition and its analysis, depth profiling, chemical state identification, trace element detection, and surface analysis.

• Healthcare accounted for the largest market revenue share in 2023. This is attributed to the increased adoption rate of X-ray photoelectron spectroscopy in hospitals and healthcare institutes.

• The Asia Pacific XPS market is expected to grow at the fastest CAGR over the forecast period. It is attributed due to the increasing opportunities in technology-based research and development and various government initiatives.

X-ray Photoelectron Spectroscopy Market Segmentation

Grand View Research has segmented the global X-ray photoelectron spectroscopy market on the basis of usage, application, and region:

X-ray Photoelectron Spectroscopy Usage Outlook (Revenue, USD Million; 2018 - 2030)

• Element Detection

• Contamination Detection

• Density Estimation

• Empirical formula Determination

X-ray Photoelectron Spectroscopy Application Area Outlook (Revenue, USD Million; 2018 - 2030)

• Healthcare

  • Printing

  • Packaging

  • Others

• Semiconductors

• Electronics

• Aerospace

• Automotive

• Others

X-ray Photoelectron Spectroscopy Regional Outlook (Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• APAC

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of X-ray Photoelectron Spectroscopy Market

• Thermo Fisher Scientific Inc.

• Evan Analytical Group

• Intertek Group plc

• Yokogawa India Ltd.

• Nova Ltd