According to estimates, the Film Thickness Measurement Market will increase at a CAGR of 4.9% from USD 391.8 million in 2017 to USD 521.9 million by 2023. 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.
Between 2017 and 2023, the market for film thickness measurement for automotive applications will expand at the fastest rate.
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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In 2017, dry films dominated the market for measuring film thickness.
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.
Between 2017 and 2023, ultrasonic technology is predicted to grow at the quickest rate in the market for film thickness measuring.
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 numerous separate 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.
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Between 2017 and 2023, North America is anticipated to dominate the market for film thickness measurements.
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.
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).
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