COVID-19 Pandemic and Its Impact on Focused Ion Beam (FIB) Industry
Focused ion beam (FIB) has undoubtedly become one of the most specified masks less nano-fabrication technique. With the use of top-down and bottom-down fabrication, the machine enhances the precision of the FIB fabrication technique. Moreover, the powerful tools and developments including scanning electron microscopy, energy dispersive spectroscopy, and numerous other functions have drastically increased the demand of FIB amongst scientists and engineers. FIB has risen to fame in several branches of engineering and science for material modification and characterization.
In the past decade, the semiconductor industry has gone through a huge rise in the investments for development and research in biomaterials and materials science. Furthermore, the electronics industry has witnessed a dire need for FIB-based failure analysis tools as well. However, the unsolicited arrival of the pandemic gave rise to several repercussions on the semiconductor industry, thus, affecting the growth of the Global Focused Ion Beam (FIB) Market.
How the Focused Ion Beam (FIB) Industry is tackling the Aftermath of the COVID-19 Pandemic
The pandemic caused a global lockdown which, in turn, affected every industry out there. In response to the catastrophe, the FIB industry has put its prime focus to reinforce its critical systems, oppose the virus, and protect its workers for maintaining consistency. Also, multiple comprehensive measures have been developed by the key market players to maintain business stability and guard employees.
The leading market players have been strategically moving forward with their projects, plans, production processes, and investments. The subsectors have chosen to take up a remote working system to secure the companies. But the industry has suffered drastically due to supply chain disruptions. As a result, a shortage in the supply of materials has been witnessed for the manufacturing of FIB-based equipment. Furthermore, the supply chain is getting diverted, and the customer demand patterns are changing upon the relaxations initiated by the government in several regions.
Unreliable and unprecedented market conditions have been faced by the companies amid this pandemic. The unlocking process and relaxations initiated by the government have helped the market players to stabilize the benefits. As a result, companies have been aiming to invest in newfangled projects.
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