Film Thickness Measurement Market estimated to be 521.9 Million USD by 2023

Film Thickness Measurement Market by Technology, Film Type, Application (Aerospace & Aviation, Automotive, Food & Pharmaceutical Packaging, Industrial Manufacturing, Medical, Semiconductors), and Geography - Global Forecast to 2023

(EMAILWIRE.COM, September 25, 2018 ) According to the new market research report "Film Thickness Measurement Market by Technology, Film Type, Application (Aerospace & Aviation, Automotive, Food & Pharmaceutical Packaging, Industrial Manufacturing, Medical, Semiconductors), and Geography - Global Forecast to 2023", the film thickness measurement market is estimated to grow from USD 391.8 Million in 2017 to USD 521.9 Million by 2023, at a CAGR of 4.9% between 2017 and 2023. The growth is attributed to the growing demand for cost optimization across applications such as automotive, food & pharmaceutical packaging, medical, and semiconductors; increasing trend of technology miniaturization; and the rising awareness of film thickness measurement benefits to meet quality standards.

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Automotive application is expected to dominate the film thickness measurement market based on application during the forecast period. A typical automobile vehicle is a blend of different complex architectures in terms of technologies such as fuel systems, exhaust systems, support systems, and engine parts. Because of this, every form of architecture needs to be inspected carefully. Film thickness measurement is one of the important parameters to ensure safety and quality of the vehicle. This is primarily attributed to vehicle’s functional life, which is vulnerable to mechanical depreciation. As a result, the market is likely to gain momentum during the forecast period.

Based on film type, the dry film segment is anticipated to register the highest CAGR between 2017 and 2023. Dry film thickness measurement is important to understand the product’s fitness to serve the intended purpose and ensure longevity and standard compliance. This is likely to augment the film thickness measurement market growth in the near future.

The market for optical technology is likely to continue its dominance throughout the forecast period. Optical technology is quite a common technology for film thickness measurement. Ellipsometry and spectral reflectance are the most commonly used methods under optical technology.

North America is estimated to hold the largest share of the film thickness measurement market in 2017, followed by Europe and Asia Pacific. The advent of connected cars and intelligent transportation systems, coupled with the growing demand from the medical sector, is expected to spur the film thickness measurement market growth in North America. In addition, major breakthroughs in semiconductor manufacturing are likely to further boost the market growth in the forthcoming years.

Major players operating in the film thickness measurement market include ALTANA (Germany), Bruker (US), DeFelsko (US), Elcometer (UK), ElektroPhysik (Germany), Fischer Technology (US), Hamamatsu (Japan), HORIBA (Japan), Keyence (Japan), KLA-Tencor (US), Nanometrics (US), Otsuka Electronics (Japan), Rudolph Technologies (US), SCREEN Holdings (Japan), and Spectris (UK). Key market players focus on acquisitions, collaborations, joint ventures, partnerships, and product launches & developments to enhance their product offerings and expand their businesses.

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