Film Thickness Testers Market Report Overview
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The global film thickness testers market size is expected to be USD 445.1 million in 2022 and is projected to touch USD 530.8 million by 2028, at a CAGR of 3.0% during the forecast period.
Film thickness testers are used to test the thickness of the coating with the help of film. Films are material layers with a thickness ranging from a few molecules to microns. Thin-film photovoltaic devices, optical coatings, and semiconductor devices are the principal applications for these films. To monitor and manage the product's quality and ensure that it functions properly, the thin-film measurement is essential. There are two different ways to assess film thickness: dry film and wet film, respectively. The composition analysis is distinct from the measurement of film thickness. The ability of light to pass through a product's whole thickness affects how thick a film is.
The glossy films or coatings are significantly reflected because they are shiny. Surface reflection is useless for measurement, but it will oversaturate the detector with high levels of reflected energy. The market is estimated to experience growth due to the expanding trend of technology miniaturization coupled with the increasing awareness for applications and cost optimization. With the MProbe HC system, thin film thickness measuring on curved surfaces and big objects is simple. Additionally, the sample stage is replaced by a manual probe. A fiber optic wire connects the manual probe to the measurement device. This makes it possible to measure the thickness on huge, curved surfaces everywhere.
COVID-19 Impact: Decline in Product Demand Due To a Halt in Manufacturing Industries
The global COVID-19 pandemic has been unprecedented and staggering, with film thickness testers experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
The pandemic imposed strict rules for lockdown worldwide, which resulted in halted manufacturing of various products and equipment. The outbreak of COVID-19 had a negative impact on the film thickness testers market growth. The machinery and equipment sector experienced a severe downfall in demand as manufacturing industries were closed, hampered the market growth. The COVID-19 outbreak declined the sales of the equipment as all the industries were shut during the lockdown.
LATEST TRENDS
"Rising Urbanization to Project Market Growth "
Urbanization is a significant part of the growth that decides the film thickness testers market growth. The growth of the market is likely to be attributable to the rising application of fil coating in instruments and equipment. The usage of the equipment in testing the thickness of films in the agricultural, industrial, and other industries. The expanding applications of films, such as in the automotive and other industrial sectors, are expected to foster film thickness testers demand. Additionally, the rising urbanization is leading to the steady adoption of film thickness testers. These factors altogether are estimated to propel market growth.
Film Thickness Testers Market Segmentation
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- By Type Analysis
By type, the market is segmented into X-ray thickness tester, ultrasonic thickness tester, and others.
- By Application Analysis
Based on application, the market is classified into industrial, agricultural, and others.
DRIVING FACTORS
"Concern for Good Quality in Painting and Coating Activities to Aid Market Growth"
Instruments for measuring coating thickness are widely used to ensure high quality in coating and painting activities. It may present the coating thickness measurement tools market with enormous potential opportunities. These tools are useful for determining the film thickness on substrates made of metal and non-metal. The rising construction activities backed by the increasing per capita income is expected to fuel the market growth. Rising construction activities propel the demand for painting and coating, ultimately fostering the film thickness testers market growth.
"Various Technological Advancements to Aid Product Demand"
Digital coating thickness measurement tools are now available as a result of technical improvements, which will make them more convenient for users and need less time to operate.
The market for coating thickness measurement tools may increase significantly as a result of this aspect. The aerospace industry is increasingly using coating thickness measurement tools for precise coating thickness measurement during anodizing and plating, which may present significant growth potential. These factors are predicted to magnify market growth.
RESTRAINING FACTORS
"High Cost of Installation and Maintenance to Retard Growth in the Market"
The market is forecasted to witness a decline in film thickness testers demand due to the higher cost of the product and its maintenance. The high cost of the film thickness testers resists the general population and companies from buying the product. These factors are anticipated to impede the market growth.
Film Thickness Testers Market Regional Insights
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"Asia Pacific to Lead Market Accredited To the Increasing Automobile Sales in the Region "
Asia Pacific is likely to hold a major part of the film thickness testers market share owing to the extensive growth opportunities available in the region. Additionally, the rising sales of automobiles across developing economies such as India, China, and Japan may surge maximum growth in the region.
North America is anticipated to hold a significant contribution to the film thickness testers market share due to the adverse presence of intelligent transportation and connected cars coupled with the rising demand from the medical industry.
Europe is projected to show sizable growth accredited to the latest technology innovations in the semiconductor manufacturing industry.
KEY INDUSTRY PLAYERS
"Key Companies to Focus on Enhancing Products to Gain a Competitive Advantage"
The market consists of various-sized companies. The global players are emphasizing on adopting organic and inorganic strategies to consistently grow in the global market. The key companies are also focused on expanding their product portfolio by launching new products in the market. The competitors are likely to target various industries to enhance their sales. The competitors emphasize on research and development of the machinery and equipment to launch other advanced products. The manufacturers are focused on increasing sustainability and reducing the cost of the product. The key competitors are striving for various growth strategies to gain market share.
List of Market Players Profiled
- Olympus (Japan)
- GE (U.S.)
- Elcommeter (U.K.)
- SMART (India)
- Teclock (Japan)
- Mahr (U.K.)
- Landtek (U.S.)
- Labthink (U.S.)
- ElektroPhysik (India)
- Metricon (Australia)
- Kett Electric (Japan)
- SEIKO (Japan)
- Dakota (U.S.)
REPORT COVERAGE
The report covers insightful details of the industry, which is anticipated to offer an idea of the market to the stakeholders. The report offers an overall evaluation of the market. It includes a comprehensive analysis of trends, drivers, restraints, competitive landscape, and other aspects. Elaborative details on the factors playing a substantial role in the global market are covered. The report covers past, present, and future business opportunities. It also represents a detailed analysis of market insights. The report lays a major emphasis on winning strategies adopted by the key players and the post effects of the pandemic.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 445.1 Million in 2022 |
Market Size Value By |
US$ 530.8 Million by 2028 |
Growth Rate |
CAGR of 3% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the film thickness testers market expected to touch by 2028?
Based on our research, the film thickness testers market is projected to touch USD 530.8 million by 2028.
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What CAGR is the film thickness testers market expected to exhibit by 2028?
The film thickness testers market is expected to exhibit a CAGR of 3.0% by 2028.
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What are the segments of the film thickness testers market?
By type, the film thickness testers market is segmented into X-ray thickness tester, ultrasonic thickness tester, and others. Based on application, the market is classified into industrial, agricultural, and others.
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Which are the driving factors of the film thickness testers market?
Concern for good quality in painting and coating activities to aid film thickness testers market growth and various technological advancements to aid product demand are the factors driving the market.
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Which are the top companies operating in the film thickness testers market?
Olympus, GE, Elcommeter, SMART, Teclock, Mahr, Landtek, Labthink, ElektroPhysik, Metricon, Kett Electric, SEIKO, and Dakota are the top companies operating in the film thickness testers market.
