“Film thickness measurement market to exhibit healthy growth between 2017 and 2023”
The global film thickness measurement market is estimated at USD 391.8 million in 2017 and is anticipated to grow at a CAGR of 4.9% to reach USD 521.9 million by 2023. This growth can be attributed to the growing demand for cost optimization across applications, the rising awareness to meet quality standards, and the increasing trend of technology miniaturization. However, the cost-intensive implementation of non-destructive thickness measurement solutions is likely to restrain the market growth.
“Optical technology is leading the film thickness measurement market between 2017 and 2023”
Optical technology is the leading contributor to the film thickness measurement market. This technology is quite commonly used in film thickness measurement technology. This is attributed to the accuracy, negligible requirement of sample preparation, and non-destructive nature of the measurement. Ellipsometry and spectral reflectance are the most commonly used methods under optical technology.
“Industrial & manufacturing application is likely to grow at above average growth rate in the forthcoming years”
The industrial and manufacturing application primarily consists of condensers, heat exchangers, pipelines, tanks, and vessels in the oil & gas end-user vertical. The inspection of these systems plays an important role in ensuring the safety of oil containers, pipes, and valves. Quality control and material savings are major driving factors for industrial and manufacturing players to adhere to film thickness measurement standards. On account of this, the film thickness measurement market is expected to gain momentum in the near future.
“Asia Pacific to be the fastest-growing film thickness measurement market in the coming years”
Asia Pacific is expected to be the fastest-growing region in the film thickness measurement market during the forecast period. This is attributed to rapidly expanding automotive production, massive globalization and consolidation in the industrial arena, and increasing sales of high-end electronic products such as wearable electronics, gaming PCs, and premium smartphones. Furthermore, steadily increasing manufacturing activities, infrastructural developments, and rising investments across a wide range of industries to boost manufacturing efficiency are also anticipated to spur the market growth in the near future. Southeast Asia is one of the key regions in terms of passenger travel and freight transportation, resulting in the increased demand for aircraft manufacturing.
Breakdown of the profiles of the primary participants in the report has been given below:
- By Company Type: Tier 1?37%, Tier 2?32%, and Tier 3?31%
- By Designation: C-Level Executives?64% and Directors?36%
- By Region: North America?29%, Europe?24%, APAC?32%, and RoW?15%
Key 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).
The film thickness measurement market research report covers different segments?application, film type, technology, and geography. The report covers four major geographies?North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
Illustrative segmentation; analysis; and forecast of the market by application, film type, technology, and geography give an overall view of the film thickness measurement market
Value chain analysis to provide in-depth insights into the film thickness measurement market
Major drivers, restraints, opportunities, and challenges for the film thickness measurement market
Detailed competitive landscape, along with the key players, in-depth analysis, and revenue of the key players