According to estimates, the Film Thickness Measurement Market will expand from USD 391.8 million in 2017 to USD 521.9 million by 2023, at a compound annual growth rate (CAGR) of 4.9%. The increase is attributed to the rising demand for cost optimization in industries like semiconductors, food & pharmaceutical packaging, automotive, and medicine, as well as the trend toward technology miniaturisation and the growing understanding of the advantages of film thickness measurement for upholding quality standards.
Key Players:
A few of the major companies active in the Film Thickness Measurement Market include ALTANA (Germany), Bruker, DeFelsko, Elcometer, ElektroPhysik, Fischer Technology, Hamamatsu, HORIBA, Keyence, KLA-Tencor, Nanometrics, Otsuka Electronics, Rudolph Technologies, SCREEN Holdings, and Spectris (UK).
The market for measuring film thickness for automotive applications is expected to develop at the fastest rate between 2017 and 2023.
During the projected period, the expansion of automotive applications is likely to be driven by the increased demand for high-tech features in automobiles, strict regulatory framework to monitor quality control procedures in automotive manufacturing plants, and rising consumer awareness of safety concerns. Because of this, the growth rate of automotive applications is anticipated to be highest between 2017 and 2023.
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Dry films lead the Film Thickness Measurement Market in 2017
Dry film thickness measurement is crucial for a variety of applications since it greatly affects the price and quality of the applied film. The main product contributing to the market for film thickness measurement is dry film. The non-destructive approach of measuring film thickness that is quite preferred is the dry film thickness measurement. This is due to its ability to have almost no effect on the film or coating being measured, maintaining the film's original qualities. Additionally, using non-destructive coating thickness assessment on dry films eliminates the need to destroy or repair objects.
"The Film Thickness Measurement Market is expected to develop at the quickest rate between 2017 and 2023".
The fastest increase is projected for ultrasonic technology in the Film Thickness Measurement Market throughout the forecast period. The added benefit of this technology is the ability to distinguish between multiple distinct layers, which helps applicators and manufacturers. Additionally, this technology is a non-labor-intensive option that aids in enhancing throughput and consistency in the last stages. Because of this, ultrasonic technology is probably going to become widely used in the near future.
Between 2017 and 2023, North America is anticipated to dominate the Film Thickness Measurement Market between 2017 and 2023.
Due to the rapidly expanding automotive, aerospace, medical, and semiconductor industries as well as ongoing technological advancements looking for products with low weight, size, and power consumption, North America currently holds the leading position in the global market for film thickness measurement. In order to extend system life and enhance performance overall, increasing oil and gas exploration and production operations are also driving up demand for film thickness measurement.
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