Film Thickness Measurement Market Top Growing Companies Analysis and Segmentation Outlook till 2023


By 2023, the Film Thickness Measurement Market is anticipated to reach a market value of USD 521.9 Million, expanding at a CAGR of 4.9% from 2017 to 2023. The market for Film Thickness Measurement across various applications is primarily being driven by the growing awareness of the need to fulfil quality standards, growing desire for cost optimization across applications, and increasing trend of technology downsizing.

A method called "film thickness measurement" is used to gauge the thickness of films or coatings on a variety of end products utilised in numerous industries. The measurement of film thickness is important since it has a big impact on the cost and quality of the coating. Measurements of film thickness are also used to determine how long coatings will last. The performance and appearance of the product as a whole are significantly influenced by this. Additionally, film thickness measuring helps end-user businesses comply with the legal requirements set forth by international standards.

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In 2017, dry films are probably going to rule the market for measuring film thickness. The measurement of film thickness is crucial for a variety of applications since it greatly affects the price and quality of the applied film. The type of film, the composition of the substrate, and the cost of the film thickness measurement equipment all affect how the film thickness measurement technology is determined. Measurement of the dry film thickness is important to assure lifetime and standard compliance, as well as to determine whether the product is suitable for the intended use.

According to technology, the market for measuring the thickness of films has been divided into eddy current, magnetic induction, optical, and ultrasonic segments. Film Thickness Measurement Technologies frequently makes use of optical technology. This is explained by the measurement's precision, non-destructiveness, and minimal need for sample preparation. However, because it is a non-labor-intensive solution and helps to improve consistency and throughput in the finishing stages, ultrasonic technology is predicted to expand at the quickest rate. It also has the added benefit of helping manufacturers and applicators recognise numerous unique layers.

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The Film Thickness Measurement Market is predicted to expand at the greatest rate during the forecast period for the automotive application. The semiconductor application comes after the automotive application. There is an increasing need for high-volume, low-cost, and flexible manufacturing in the semiconductor sector. Advanced design rules for memory devices necessitate the employment of complicated semiconductor films that are thinly fabricated and adhere to strict specifications. Film Thickness Measurement Market Growth is expected to be driven by the rising demand for chips that provide connectivity and processing power for artificial intelligence (AI) applications, favourable government support for the semiconductor capital equipment sector, the rapid expansion of IoT, and the rising acceptance of advanced driver assistance systems.

During the projected period, it is anticipated that the Asia Pacific Film Thickness Measurement Market would expand quickly. The industry's huge globalisation, industrial industry consolidation, and rising sales of high-end electronic goods like wearable technology, gaming computers, and luxury smartphones are all credited with this. Additionally, it is projected that in the near future, gradually expanding industrial activity, infrastructure improvements, and rising expenditures across a variety of industries to improve manufacturing efficiency would propel market expansion. The demand for aircraft production has expanded as a result of Southeast Asia's importance in terms of passenger and freight transportation.

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