Surface and Field Analytics Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Surface and Field Analytics Market is Segmented By Offering (Software, Service), By Deployment Model (Cloud, On-premise), By Technology (Microscopy, Spectroscopy, Surface Analyzer, X-Ray Analyzer, Others), By End-User (Automotive and Transportation, Defense and Intelligence, Smart Cities Energy and Utilities, Government, Insurance, Natural Resources, Others), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Surface and Field Analytics Market Size

Global Surface And Field Analytics Market reached US$ 19.5 billion in 2022 and is expected to reach US$ 40.8 billion by 2030 growing with a CAGR of 9.7% during the forecast period 2023-2030.

The global surface and field analytics market is driven by various factors, such as the increasing availability of IoT devices, advancements in sensor technologies, the growing need for real-time monitoring and predictive analytics, and the desire to optimize resource utilization and operational efficiency. Industries such as agriculture, oil and gas, utilities, transportation, and environmental management are among the key sectors adopting surface and field analytics solutions. 

Oil and gas hold the highest share of more than 40.1% globally. Various factors contribute to the growth of the segment in the market such as the industry’s complex operations, including exploration, production, refining, and distribution. Managing these operations requires real-time monitoring, predictive maintenance, and efficient asset management, all of which can be supported by surface and field analytics. By leveraging data analytics, the industry can optimize production, reduce downtime, and enhance safety.

Surface and Field Analytics Market Summary

For more details on this report - Request for Sample

Surface and Field Analytics Market Dynamics

Rising demand for surface and field analytics software in building smart cities

Today’s cities are expected to generate nearly 80% of global GDP, covering about 3% of the land but contributing to nearly around72% of all global greenhouse gas emissions. Cities struggle to meet environmental and sustainable energy standards while dealing with issues including population expansion, pollution, congestion, and a lack of physical and social infrastructure. 

Thus, to handle the complexity of urban living and implement solutions for transdisciplinary problems in cities, the Smart City idea seeks to solve these obstacles. Evaluating the strengths and shortcomings of Smart City initiatives to determine how well they will evolve and progress in the future, given the growing number of projects being implemented globally. Therefore, defining and enhancing the appropriate tools to properly assess these implementations is essential, which boosts the adoption of surface and field analytics for various applications.

Striengent Regulations

Almost all industries including oil and gas, chemicals, utilities, and environmental management, are subject to stringent regulations concerning safety, environmental protection, and operational standards. These regulations often require organizations to monitor and report data related to surface and field operations, including emissions, water quality, soil conditions, and more. Surface and field analytics demand has increased due to rising regulations as the technology provides the necessary tools and technologies to collect, analyze, and report this data accurately, helping organizations comply with regulatory requirements.

Furthermore, various stringent regulations often require organizations to implement continuous monitoring and auditing of their operations. Surface and field analytics provide efficient means to collect real-time data, perform ongoing analysis, and generate automated reports. This enables organizations to demonstrate compliance with regulations, identify areas for improvement, and implement corrective actions in a timely manner.

Data Privacy And Security Concerns

With the increasing amount of data collected, analyzed, and stored, there are significant concerns about protecting sensitive information, particularly true in healthcare, finance, and government industries, where sensitive data is being collected and analyzed. Thus, several security measures need to be in place to ensure that sensitive information is protected. 

These measures can include access controls, encryption and secure data storage. However, implementing these measures can be complex and time-consuming. They can also increase the cost of using surface and field analytics solutions which restrain market growth, especially for new players in the market.

Surface and Field Analytics Market Segment Analysis

The global surface and field analytics market is segmented based on offering, deployment model, technology, end-user and region.

Microscopy’s High Accuracy And Details In Applications

Out of the different technologies, microscopy holds nearly 28.8% share in the global surface and field analytics market. Microscopy techniques are used to produce real space-magnified images of a surface. In general, information from microscopy relates to surface crystallography, which describes how the atoms are ordered at the surface; surface morphology, which describes the size and shape of topographic features that make up the surface; and surface composition.

Microscopy plays a vital role in the surface and field analytics market by offering several advantages. The primary benefit is the ability to observe and analyze the microscopic features of materials and substances with high accuracy and detail. Another advantage of microscopy is its ability to offer information about the composition and structure of materials at the nanoscale level; this is crucial in industries such as pharmaceuticals, where the quality of the final product can be affected by even the smallest changes in the structure of the raw materials.

Source: DataM Intelligence Analysis (2023)

Surface and Field Analytics Market Geographical Share

North America rules the market as a result of the presence of key players and growing R&D investments in surface and field analytics in the region

North America contributes to the major share of more than 1/3rd in the global surface and field analysis market. The share is attributable to the presence of key market players, including Thermo Fisher Scientific, Inc., Nikon Corporation, and Olympus Corporation. 

Furthermore, Research and development spending is rising in the region due to growth factors like advancing technology, well-established healthcare infrastructure, and government support for research activities. One of the most important aspects of North American surface and field analytics is the study of the continent's oil and natural gas reserves. U.S. is among the world's largest oil-producing countries, and most of its oil and natural gas reserves are located in North America. The development of advanced technologies and techniques for exploring and extracting these resources has been a key driver of the continent's economic growth and prosperity over the past century.

Source: DataM Intelligence Analysis (2023)

Surface and Field Analytics Market Companies

The major global players include Danaher Corporation, Jeol Limited, Nikon Corporation, Bruker Corporation, Carl Zeiss AG, ULVAN-PHI, Olympus Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Inc., and Waters Corporation.

COVID Impact

The COVID-19 pandemic has significantly impacted the surface and field analytics market. During the pandemic, demand for remote temperature sensors like infrared cameras is increasing significantly. For instance, researchers at the University of South Australia (UniSA) collaborated with the aerial services provider DragonFly to deploy a drone to identify and monitor people with contagious respiratory illnesses remotely. Thus the COVID-19 pandemic has both challenged and created new opportunities for the surface and field analytics market.

Russia-Ukraine War Impact 

The conflict has led to severe disruption in data collection in the affected regions, particularly in Ukraine. Field data, such as geospatial information and satellite imagery, plays a crucial role in surface and field analytics. However, the war has also resulted in the destruction of infrastructure, displacement of people, and restricted access to certain areas. These factors have hindered data collection efforts, limiting the availability of accurate and up-to-date information for analysis.

Key Developments

• On May 2021, Thermo Fisher Scientific announced the Thermo Scientific Nexsa G2 surface analysis system. The system is a fully automated X-ray photoelectron spectrometer (XPS) specially designed to improve productivity and innovation for industrial and academic labs.
• On July 5, 2022, ULVAC-PHI Incorporated introduced PHI GENESIS, an automated and multi-function scanning X-ray photoelectron spectrometer. The PHI GENESIS was created for automation and simple operation. It is the combined model of PHI's multi-functional scanning XPS instruments.
• On March 22, 2018, AT Internet, a key participant in the field of digital analytics, announced the signing of several important contracts in the media, classifieds, and e-commerce. Just a few months after the release of Analytics Suite 2—the most recent version of its digital analytics solution—AT Internet's position as a market leader has been reinforced by these fresh recruits. 

Why Purchase the Report?

• To visualize the global surface and field analytics market segmentation based on offering, deployment model, technology, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of surface and field analytics market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global surface and field analytics market report would provide approximately 93 tables, 71 figures and 219 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies