Technology

Transmission Electron Microscope Market to Grow by USD 528.8 Million (2024-2028), Driven by Nanotechnology Focus, AI-Powered Market Evolution Report – Technavio

Published

2 hours ago

October 1, 2024

NEW YORK, Oct. 1, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global transmission electron microscope market size is estimated to grow by USD 528.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 11.76% during the forecast period. Increasing focus on nanotechnology is driving market growth, with a trend towards development of new forms of transmission electron microscopes. However, high cost and heavy excise duty of transmission electron microscopes poses a challenge. Key market players include Advantest Corp., Agilent Technologies Inc., AMETEK Inc., Angstrom Advanced Inc., Bruker Corp., Carl Zeiss Stiftung, Danaher Corp., DELONG INSTRUMENTS AS, Hirox Co. Ltd., Hitachi Ltd., IXRF Inc., JEOL Ltd, NanoScience Instruments Inc., Nikon Corp., Nion, Olympus Corp., Oxford Instruments plc, Roper Technologies Inc., Thermo Fisher Scientific Inc., and VIDEOTON HOLDING ZRt.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Transmission Electron Microscope Market Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.76%

Market growth 2024-2028

USD 528.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.21

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 57%

Key countries

China, US, Japan, South Korea, and Canada

Key companies profiled

Advantest Corp., Agilent Technologies Inc., AMETEK Inc., Angstrom Advanced Inc., Bruker Corp., Carl Zeiss Stiftung, Danaher Corp., DELONG INSTRUMENTS AS, Hirox Co. Ltd., Hitachi Ltd., IXRF Inc., JEOL Ltd, NanoScience Instruments Inc., Nikon Corp., Nion, Olympus Corp., Oxford Instruments plc, Roper Technologies Inc., Thermo Fisher Scientific Inc., and VIDEOTON HOLDING ZRt

Market Driver

The transmission electron microscope market is experiencing significant growth due to the development of new types of transmission electron microscopes. These advanced models include reflection electron microscopes (REMs), scanning-transmission electron microscopes (STEMs), low-voltage electron microscopes (LVEMs), and cryo-EM. Reflection electron microscopes (REMs) differ from traditional transmission electron microscopes by collecting electrons that are elastically scattered from the object, rather than those that pass through it. REMs are particularly useful when surface information of the specimen is required. Scanning-transmission electron microscopes (STEMs) are increasingly adopted in research laboratories due to their ability to produce images or results directly, without the need for interpretation. STEMs come in two types: conventional transmission electron microscopes, which require additional detectors, scanning coils, and circuitry, and dedicated STEMs, which have all the circuitry embedded. Low-voltage electron microscopes (LVEMs) combine the features of transmission electron microscopes, scanning electron microscopes, and STEMs. Operating at a low voltage, LVEMs provide high contrast images, which is essential for studying biological specimens. LVEMs are available in benchtop mode and are one of the smallest multimode desktop electron microscopes. Cryo-EM uses frozen samples, gentle electron beams, and sophisticated image processing to study biomolecules without the need for crystals. Cryo-EM allows scientists to observe biomolecules as they perform their functions, making it an invaluable tool in the field of biology. Liquid-phase TEM (LP-TEM) ensures in-situ observations of materials in liquids at the highest spatial and temporal resolution in controlled environments. LP-TEM is crucial for studying fluid properties and temperature, but caution must be taken for changes induced by electron beams in pH, nucleation rate, and radiolysis. Overall, the advancements in transmission electron microscopes are driving the growth of the global transmission electron microscope market. These new forms of microscopes offer unique benefits, making them indispensable tools in various industries, including materials science, biology, and electronics.

The Transmission Electron Microscope (TEM) market is experiencing significant growth due to its application in various industries. In life sciences, TEMs are crucial for cancer research and virology, providing 2D images of specimens at the nanoscale. In materials sciences, TEMs help analyze semiconductors and wafers, enabling the study of their 3D structure and properties. TEMs are also essential in pollution research, nanotechnology, paleontology, and palynology. Industries like automotive, aerospace, electronics, oil & gas, environmental, water treatment, hospitals, diagnostic centers, blood banks, and forensic labs rely on TEMs for their research and development. TEMs offer high throughput methods, super resolution, digitization, live-cell imaging, and expansion and multi-view microscopes. Sample preparation techniques have also advanced, making TEMs more accessible. Neutron spectroscopy, X-ray diffraction, and electron microscopy imaging are complementary techniques that enhance TEM’s capabilities. TEMs operate at the de Broglie wavelength, enabling the study of nanometers-scale objects. Overall, the TEM market is expanding, driven by its applications in various industries and advancements in technology.

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

The Transmission Electron Microscope (TEM) market faces significant challenges due to the high initial investment cost and the dependence on government and corporate funding for research institutes. This funding can be unpredictable, leading to market volatility. Additionally, high import duties and taxes, such as customs duties, imposed by various governments can increase the final product cost. Some countries, like the US, China, Canada, India, and Brazil, levy indirect taxes at both the national and state levels, with tax rates ranging from 11% to 17%. These taxes and excise duties contribute to the overall increase in product costs, potentially hindering the growth of the global TEM market during the forecast period.The Transmission Electron Microscope (TEM) market faces several challenges in various industries. In research centers, the use of licensed closed-source software limits the flexibility and collaboration among researchers. In electronics and medicine, the need for advanced microscopes for nanotechnology, surface physics, and surface analyses is growing, requiring significant investment. For solid specimens, TEMs offer unparalleled magnification, making them essential for gemology, medical sciences, forensic sciences, and more. However, the complex electron gun, condenser system, objective lens, movable specimen stage, image-recording system, and vacuum system make TEM instruments expensive and challenging to operate. The market for TEMs is expanding in nanomaterials, energy-related materials, polymers, glassy substances, biomolecular mechanisms, viruses, macromolecular complexes, and cellular structures. Industries, including catalysis research, environmental particles, and the nanoworld, rely on TEMs for scientific research and technological innovation. The electron source and electron optics system in a vacuum environment enable the study of ultrafast processes, making TEMs indispensable tools. Environmental TEMs and beam chopper technology, such as UTEM, offer solutions for specific applications. Overall, the TEM market’s growth is driven by the need for deeper understanding and discovery in various fields.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview

This transmission electron microscope market report extensively covers market segmentation by

Application 1.1 Life science1.2 Material science1.3 Nanotechnology1.4 Semiconductor1.5 OthersEnd-user 2.1 Industries2.2 Academic institutes2.3 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Life science- Transmission Electron Microscopes (TEMs) play a crucial role in the field of life sciences, particularly in microbiology, by enabling researchers to examine microorganisms and their structures at the atomic level. These advanced instruments allow scholars to study intricate details of cellular environments, contributing significantly to the understanding of cell behavior, structure, and growth. With the potential to develop new drugs and medicines, academic institutions and pharmaceutical firms invest heavily in TEM technology. For instance, the Pennsylvania State University’s acquisition of FEI Company’s Titan/Krios TEM, which operates at extremely low temperatures, enhances their research capabilities and opens new avenues for exploration. TEMs enable the creation of 3D images of biological molecules such as DNA, proteins, and viruses, including the SARS-CoV-2 virus causing COVID-19. This technology’s ability to produce high-resolution images of these structures aids in the development of new vaccines and treatments. The ongoing research on single-dose COVID-19 vaccines is expected to fuel the demand for TEMs in the global market during the forecast period.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Transmission Electron Microscope (TEM) market encompasses a wide range of industries and applications, driven by the need for high-resolution imaging and analysis of nanoscale objects. TEM utilizes the principle of de Broglie wavelength, allowing electrons to pass through thin samples and create detailed images. Applications span various fields such as cancer research, virology, materials sciences, nanotechnology, paleontology, and palynology. Industries like life sciences, automotive, aerospace, electronics, oil & gas, environmental, water treatment, and research institutes, hospitals, diagnostic centers, blood banks, and forensic labs all benefit from TEM technology. Semiconductors and X-ray diffraction are also significant applications. TEMs, including Scanning Transmission Electron Microscopes (STEMs), are essential tools for studying nanometers-scale structures, providing valuable insights into their properties and behavior.

Market Research Overview

Transmission Electron Microscopes (TEMs) use the principle of de Broglie wavelength to generate high-resolution 2D images of specimens at the nanoscale. TEMs differ from light microscopes as they employ an electron gun and condenser system instead of light to illuminate the specimen. TEMs have significant applications in various fields such as cancer research, virology, materials sciences, pollution analysis, nanotechnology, paleontology, and palynology. They provide detailed information on the 3D structure of nanoscale objects, semiconductors, wafers, and other materials. TEMs are used extensively in the life sciences, semiconductor industry, automotive, aerospace, electronics, oil & gas, environmental, water treatment, hospitals, diagnostic centers, blood banks, forensic labs, and other industries. TEMs offer advanced features like live-cell imaging, super resolution, high throughput methods, expansion microscopes, multi-view microscopes, and integrated microscopy workflows. Sample preparation is crucial for obtaining high-quality images, and TEMs require specialized equipment and expertise. TEMs use closed-source and proprietary software, which can be expensive, while open-source software like ImageJ/Fiji, Neuronstudio, and L-measure offer cost-effective alternatives for small-scale end users. TEMs require skilled operators, including physicists, laboratory technicians, and other experts. The electron gun and objective lens focus the electron beam on the specimen, while the condenser system controls the illumination. The electron beam interacts with the specimen, producing various signals that are used to form the image. Neutron spectroscopy, X-ray diffraction, and electron microscopy imaging are complementary techniques used in conjunction with TEMs for comprehensive material analysis.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationLife ScienceMaterial ScienceNanotechnologySemiconductorOthersEnd-userIndustriesAcademic InstitutesOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/transmission-electron-microscope-market-to-grow-by-usd-528-8-million-2024-2028-driven-by-nanotechnology-focus-ai-powered-market-evolution-report–technavio-302264391.html

SOURCE Technavio

Technology

Powerfleet Closes Strategic Acquisition of Fleet Complete

Published

52 mins ago

October 1, 2024

Acquisition Expected to Create a $400m+ Revenue Company, Including $300m+ of Recurring SaaS Revenue, $85m EBITDA, and Significant Expansion Opportunities

WOODCLIFF LAKE, N.J., Oct. 1, 2024 /PRNewswire/ — Powerfleet, Inc. (Nasdaq: AIOT) has successfully closed the previously announced acquisition of Fleet Complete, a prominent player in connected vehicle technology and fleet management.

With 2.6 million total combined subscribers and forecasted combined revenue of over $400 million, including more than $300 million of recurring SaaS revenue, this transformative acquisition is expected to solidify Powerfleet’s position as a true global leader in the rapidly expanding AIoT market.

“We are thrilled to have completed this transformative and highly accretive transaction. This acquisition immediately scales our presence in both North America and Europe while unlocking substantial top-line growth opportunities through Fleet Complete’s established indirect channel partnerships, particularly in the U.S. and Canada. Moreover, the acquisition enhances Unity’s data ingestion and integration capabilities, adding 600,000 new subscribers while expanding cross-sell opportunities and strengthens our position in the fast-growing AI-powered video market with Fleet Complete’s FC Vision solution,” said Steve Towe, CEO of Powerfleet. “We are excited to welcome Fleet Complete to the Powerfleet family and are confident in our ability to deliver enhanced shareholder value moving forward.”

ABOUT POWERFLEET
Powerfleet (Nasdaq: AIOT; JSE: PWR) is a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry. With more than 30 years of experience, Powerfleet unifies business operations through the ingestion, harmonization, and integration of data, irrespective of source, and delivers actionable insights to help companies save lives, time, and money. Powerfleet’s ethos transcends our data ecosystem and commitment to innovation; our people-centric approach empowers our customers to realize impactful and sustained business improvement. The company is headquartered in New Jersey, United States, with offices around the globe. Explore more at www.powerfleet.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of federal securities laws. Powerfleet’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements may be identified by words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions.

These forward-looking statements include, without limitation, Powerfleet’s expectations with respect to its beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions and future performance, as well as anticipated financial impacts of the acquisition of Fleet Complete. Forward-looking statements involve significant known and unknown risks, uncertainties and other factors, which may cause their actual results, performance or achievements to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. Most of these factors are outside Powerfleet’s control and are difficult to predict. The risks and uncertainties referred to above include, but are not limited to, risks related to: (i) the ability to realize the anticipated benefits of the acquisition of Fleet Complete; (ii) the ability to successfully integrate the businesses; (iii) disruption from the acquisition of Fleet Complete making it more difficult to maintain business and operational relationships; (iv) the negative effects of the consummation of the acquisition of Fleet Complete on the market price of Powerfleet’s securities; (v) significant transaction costs and unknown liabilities; (vi) litigation or regulatory actions related to the acquisition of Fleet Complete; and (vii) such other factors as are set forth in the periodic reports filed by Powerfleet with the Securities and Exchange Commission (“SEC”), including but not limited to those described under the heading “Risk Factors” in its annual reports on Form 10-K, quarterly reports on Form 10-Q and any other filings made with the SEC from time to time, which are available via the SEC’s website at http://www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those indicated or anticipated by these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

The forward-looking statements included in this press release are made only as of the date of this press release, and except as otherwise required by applicable securities law, Powerfleet assumes no obligation, nor does Powerfleet intend to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.

Powerfleet Investor Contacts
Carolyn Capaccio and Jody Burfening
LHA Investor Relations
AIOTIRTeam@lhai.com

Powerfleet Media Contact
Jonathan Bates
jonathan.bates@powerfleet.com
+44 7921 242 892

View original content to download multimedia:https://www.prnewswire.com/news-releases/powerfleet-closes-strategic-acquisition-of-fleet-complete-302264845.html

SOURCE Powerfleet

Technology

LMU Receives $5 Million from W.M. Keck Foundation to Support New Engineering Innovation Complex

Published

52 mins ago

October 1, 2024

LOS ANGELES, Oct. 1, 2024 /PRNewswire/ — Loyola Marymount University has received a $5 million grant from the W.M. Keck Foundation in support of the new Engineering Innovation Complex (EIC), a planned capital expansion for LMU Frank R. Seaver College of Science and Engineering.

The Keck Foundation has supported the university for more than four decades with grants now totaling $9 million. Their latest gift is the first in the match of the Thomas and Dorothy Leavey Foundation’s $25 million lead gift to the EIC, offering a vote of confidence to inspire other potential donors with the importance of this project.

“The Leavey Foundation issued a galvanizing challenge, and I am heartened that the Keck Foundation responded so generously in an affirmation of their commitment to STEM education in Southern California,” said Peter Wilch, senior vice president for University Advancement. “The EIC will be among the most impactful capital projects for Seaver College in a generation and significantly improves both the teaching and learning experience. I am deeply grateful to the Keck Foundation for its pacesetting contribution.”

Added Stephen M. Keck, co-chair and co-chief executive officer of the Keck Foundation: “We are pleased to continue the foundation’s support for Seaver College, especially because the EIC will give generations of LMU students opportunities for learning, discovery, and creativity.”

With best-in-class facilities for research, learning, and discovery, the EIC will expand the university’s leadership in STEM education, helping to accelerate new technologies and scientific advances. In addition to housing classes in engineering, computer science, physics, and health care systems engineering, the facility will support interdisciplinary research programs that are a hallmark of integrative scholarship. Collaborative spaces for learning and research, advanced maker spaces, teaching laboratories, and community spaces will enable Seaver College students and faculty to work with industry partners dedicated to innovation in STEM both within and beyond the university, particularly among LMU’s neighbor institutions along Southern California’s technology corridor.

“The W.M. Keck Foundation recognizes the value and impact of interdisciplinary work,” noted Joseph Day, co-chair and co-chief executive officer. “We are excited for the EIC’s flexible labs and community spaces to foster scientific collaboration and advance undergraduate STEM education at LMU.”

Seaver College Dean Tina Choe expressed gratitude for the Keck Foundation’s many years of support for the college, particularly grants that have funded labs for computer science and biology. “The imprimatur of the Keck Foundation will inspire confidence in prospective funders to the EIC,” Choe said.

The EIC will use modern architectural touchstones that are built for the future with a focus on flexibility and sustainability. A module-based layout will provide the ability to reconfigure teaching and research spaces to respond to changing needs and to opportunities for specialized hubs that address key areas for investigation. The Leavey Foundation’s lead gift matches new commitments to the EIC from donors on a dollar-for-dollar basis up to $25 million through Dec. 31, 2026.

About Loyola Marymount University

Loyola Marymount University is ranked among the nation’s premier colleges and universities by U.S. News and World Report, which places LMU among the country’s top 50 private and top five Jesuit universities, and California’s top six private schools. Founded in 1911, LMU is a Catholic, Jesuit, and Marymount university with more than 7,100 undergraduate students and more than 3,000 graduate and law students. LMU offers 56 undergraduate majors and 56 minor programs, along with 46 master’s degree programs, four doctorate programs and 12 credential/authorization programs. LMU’s intercollegiate athletics teams compete in the West Coast Conference with 14 Division I and varsity sports.

LMU news and events are found at: www.lmu.edu/news.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lmu-receives-5-million-from-wm-keck-foundation-to-support-new-engineering-innovation-complex-302264856.html

SOURCE Loyola Marymount University

Technology

Sunwest Bank Adds Mike McKean as SVP, Director of Treasury and Payments

Published

52 mins ago

October 1, 2024

McKean Joins Sunwest with Over 25 Years of Banking Experience

SANDY, Utah, Oct. 1, 2024 /PRNewswire/ — Sunwest Bank is pleased to welcome Mike Mckean as its new SVP, Director of Treasury and Payments. In this role, McKean will lead the banks Deposit growth, payments strategy and sales across multiple states and divisions. Under his direction the Treasury and Relationship teams will provide consultative liquidity and working capital diagnostics to streamline payment processing, improve efficiencies and maximize working capital.

“We are thrilled to welcome Mike to the Sunwest Bank team,” said Robert Faver, Sunwest Bank EVP, Managing Director of Commercial Banking. “Mike’s depth of experience in treasury and payment solutions will provide our clients additional resources unique to Sunwest. Additionally, Mike has worked in industries that we feel complement well our robust product offering.”

Prior to joining Sunwest Bank, McKean spent 4 years at Umpqua Bank leading the Treasury sales division and helping to grow sales production from $1MM to over $10MM. He also spent 8 years at USBank leading the Working Capital Consulting Division as well as 12 years in payments at JPMorganChase. He has extensive experience in payments and payments automation including payables and receivables management, commercial card, faster payments and working capital management. McKean started his career at First USA/Paymentech helping to launch the industry’s first internet based commercial card reporting solution.

McKean attended Weber State University and University of Phoenix studying Business Administration. He is a member of the Board of Directors for Wespay, an innovative payments association dedicated to guiding members through the ever-changing payments industry with education, information, advisory and advocacy services. Mike also served as an elected official for Plain City Utah as City Councilman. He is a lifetime Utahn and resides in Northern Utah with his wife Tammy and 4 children.

“I am thrilled to be a part of an entrepreneurial business bank that provides excellent service to entrepreneurs and businesses,” said Mike McKean, Sunwest Bank SVP, Director of Treasury and Payments. “Sunwest is a leader in Technology and payments integration combined with a seasoned and talented relationship team that knows how to maximize a business’s working capital. It is refreshing to be a part of a bank built by entrepreneurs for entrepreneurs.”

To learn more about Sunwest Bank, visit https://www.sunwestbank.com/.

About Sunwest Bank
Founded in 1969, Sunwest Bank is a privately held commercial bank with more than $3.0 Billion in assets. Headquartered in Sandy, UT, with operations in California, Arizona, Idaho, Utah, and Florida; Sunwest is an entrepreneurial business bank with a long tradition of providing excellent service to entrepreneurs, privately held corporations, family offices, small-medium sized business and real estate developers throughout the Western United States. Sunwest Bank is a Member FDIC and Equal Housing Lender.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sunwest-bank-adds-mike-mckean-as-svp-director-of-treasury-and-payments-302264860.html

SOURCE Sunwest Bank