The Film Thickness Measurement Market is expected to be valued at USD 521.9 Million by 2023, growing at a CAGR of 4.9% between 2017 and 2023. The rising awareness to meet quality standards, growing demand for cost optimization across applications, and increasing trend of technology miniaturization are primarily driving the demand for Film Thickness Measurement across various applications.
Film Thickness Measurement is a process used to measure the thickness of films or coatings across various end-use products deployed in a myriad of industries. Film Thickness Measurement is a critical measurement as it creates a significant impact on the coating quality, as well as cost. In addition, Film Thickness Measurements are used to assess the life expectancy of coatings. This plays an important role in the overall product’s performance and appearance. Furthermore, film thickness measurement also aids end-user industries to meet the regulatory compliance framed by international standards.
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Dry films are likely to dominate the Film Thickness Measurement Market in 2017. The film thickness measurement is of vital importance across a wide range of applications, as it has a high impact on the cost and quality of the film applied. The determination of the Film Thickness Measurement Technology is dependent on the film type, substrate material, and the cost of the film thickness measurement equipment. Dry film thickness measurement is significant to ensure the standard compliance and longevity, and understand the product’s fitness to serve the intended purpose.
The film Thickness Measurement Market has been segmented, on the basis of technology, into eddy current, magnetic induction, optical, and ultrasonic. Optical technology is quite commonly used in Film Thickness Measurement Technology. This is accounted because of the accuracy, non-destructive nature of the measurement, and negligible requirement of sample preparation. However, the ultrasonic technology is anticipated to grow at the fastest pace as it is a non-labor-intensive solution and helps in improving consistency and throughput in the finishing stages. It further aids applicators and manufacturers with an added advantage of identifying multiple distinct layers.
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Automotive application is anticipated to register the highest growth in the Film Thickness Measurement Market during the forecast period. Automotive application is followed by the semiconductor application. The semiconductor industry is witnessing a growing demand for high-volume, low-cost, and flexible manufacturing. The manufacturing of memory devices with advanced design rules requires the use of complex semiconductor films that are precisely thin and meet exact specifications. The growing demand for chips providing connectivity and computational power for artificial intelligence (AI) applications, favorable government support for semiconductor capital equipment sector, and rapid expansion of IoT, along with the rising acceptance of advanced driver assistance systems, are boosting the Film Thickness Measurement Market Growth during the forecast period.
The Film Thickness Measurement Market in Asia Pacific is expected to grow rapidly during the forecast period. This is attributed to rapidly expanding automotive production, massive globalization and consolidation in the industrial arena, 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.
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